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Olymp Trade Fees and Spreads

Olymp Trade Fees and Spreads

 

Overall Rating

4.7/5

Rated #– of 
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

FinaCom

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

28

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Olymp Trade does not offer a spread list but does, however, charge commissions of up to 13.5% on the Advanced Account and up to 20% on the Expert Account.

Olymp Trade does not charge deposit fees or withdrawal fees. Olymp Trade also charges an inactive fee of $10 per month.

Finding a reputable list about Olymp Trade Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

Olymp Trade does not charge spreads.

Olymp Trade does not offer a spread list but does, however, charge commissions of up to 13.5% on the Advanced Account and up to 20% on the Expert Account.

Traders are subjected to a minimum deposit from $10 up to $5,000 depending on the account type. There are also thresholds on the amounts that can be traded along with the number of open positions.

 

Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.

Olymp Trade does not credit/charge swaps on any of the accounts offered. In addition, there is no option for an Islamic Account as all accounts are already compliant with Sharia law.

This means that all trading is halal, and all traders have access to swap-free trading without any additional requests or the conversion of accounts.

Olymp Trade does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.7/5

Rated #– of 
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

FinaCom

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

28

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Olymp Trade does not charge deposit fees or withdrawal fees. When making deposits or withdrawals, traders can make use of the following methods:

  • Credit/Debit Cards
  • Neteller
  • Skrill
  • Bitcoin
  • WebMoney
  • FasaPay
  • Bank Wire Transfer

In addition, traders may be subjected to transaction fees waived by their payment provider. These fees must be verified with the financial institution before deposits are made.

There is no mention of whether currency conversion fees are charged when traders deposit in currencies that differ from their account base currency. Traders must verify the possibility of such fees with the broker before they make deposits.

In addition, there is an inactivity fee of $10 a month charged on accounts that become dormant after a consecutive 180 days.

 

Pros and Cons

✔️ PROS  ❌ CONS
Low minimum deposit High commissions charged
Spread not charged
Competitive trading conditions
Deposit fees and withdrawal fees not charged
Demo account option available
All trading accounts are Sharia compliant and no swaps are credited/charged

 

You might also like: Olymp Trade Minimum Deposit

You might also like: Olymp Trade Demo Account

You might also like: Olymp Trade Sign up Bonus

You might also like: Olymp Trade Account types

 

FAQ’s

 

How many instruments can I trade with Olymp Trade?

You can trade the following financial instruments:

  • Commodities
  • Stocks
  • Indices
  • ETFs
  • Forex
  • Cryptocurrencies

 

Which platforms are supported by Olymp Trade?

Olymp Trade Platform for web browsers and mobile devices.

 

Does Olymp Trade offer leverage?

Yes. Traders have access to leverage up to 1:500.

 

What spreads can I expect with Olymp Trade?

Olymp Trade does not charge a spread.

 

Does Olymp Trade charge commission?

Yes. Depending on the trading account the trader uses, and the financial instrument traded, traders will be subjected to the following commissions:

  • Advanced Account – up to 13.5%
  • Expert Account – up to 20%

 

Is Olymp Trade regulated?

No. Olymp Trade is not regulated

 

Is Olymp Trade a recommended forex trading broker for experts and beginners?

No. Olymp Trade is not a regulated broker. Therefore, it cannot be recommended.

 

What is the overall rating out of 10 for Olymp Trade?

4/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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