Yes, Olymp Trade offers a Minimum Deposit of $10 or currency equivalent. This is very good when compared to other broker minimum deposit fees, making it accessible to beginner and smaller retail traders.
Olymp Trade at a glance
| 🔍 Brokers Name | Olymp Trade |
| 📍 Headquartered | St. Vincent and the Grenadines |
| 📅 Year Founded | 2014 |
| 🏛 Regulating Authorities | International Financial Commission (FinaCom) |
| 🌐 Countries not accepted for trade | United States and United Kingdom |
| ☪️️ Islamic Account (Swap Free) | No – All accounts are Sharia compliant |
| 📒 Demo Account | Yes |
| 💻 Institutional Accounts | No |
| 💻 Managed Accounts | No |
| 📊 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $10 |
| ZAR | R160 ZAR |
| 💳 Deposit Options | Credit/Debit Cards Neteller Skrill Bitcoin WebMoney FasaPay Bank Wire Transfer |
| 💳 Withdrawal Options | Credit/Debit Cards Neteller Skrill Bitcoin WebMoney FasaPay Bank Wire Transfer |
| 📉 Platform Types | Olymp Trade Platform |
| 📲 OS Compatibility | Web browsers, Android, iOS |
| 📊 Tradable Assets | Commodities Stocks Indices ETFs Forex Cryptocurrencies |
| 🌐 Languages supported | English, Chinese, Portuguese, Spanish, French, Filipino, Russian, Malaysian, Indonesian, Turkish, Vietnamese, Arabian, Hindi, Thai, and more. |
| ☎ Customer Service Hours | 24 hours a day/7 days a week |
Min Deposit
USD 10
Regulators
IFC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Olymp Trade Minimum Deposit Revealed – A Key 9-Point Quick Overview
- ✅Olymp Trade at a glance
- ✅Olymp Trade Overview
- ✅Olymp Trade Minimum Deposit
- Olymp Trade Deposit fees and deposit methods
- A Step-by-step guide to depositing the Olymp Trade minimum amount
- Olymp Trade Pros and Cons
- Olymp Trade Customer Reviews
- Conclusion
- Frequently Asked Questions
Olymp Trade Overview
Established in 2014, Olymp Trade is an STP broker headquartered in Saint Vincent and the Grenadines. Olymp Trade is owned and operated by Industries Limited and has more than 25,000 registered users which use its platform daily, with more than 240,000 clients who execute trades monthly.
Olymp Trade boasts a significant trading volume of more than $170 million (2.5 billion ZAR) in turnover monthly, with trading volumes increasing steadily as more traders register with the broker.
Olymp Trade has won several industry awards including “Best Trading Platform” in 2018, Best Options Broker, Innovative Broker, and more. Olymp Trade also had a sports sponsorship for the LCR Honda team at the MotoGP in 2019.
Olymp Trade is not regulated by any known regulatory entity but is a member of the Financial Commission (FinaCom PLC), a conflict resolution commission tasked with settling conflicts between member brokers and their clients.
When traders submit a claim to FinaCom and they win the case, they can get compensation of up to €20,000 (400 000 ZAR). A membership with FinaCom cannot be compared to the regulation and authorization given by agencies such as ASIC, CySEC, or FCA and therefore, traders must proceed with caution when they register an account with an unregulated broker such as Olymp Trade.
The platform and website for Olymp Trade are protected by 256-bit Secure Socket Layer (SSL), providing traders with a digitally safe transaction environment. All data to and from Olymp Trade’s servers are protected by SSL to prevent cyber-crimes such as identity theft, hacking, and phishing.
Olymp Trade Minimum Deposit
Olymp Trade has a minimum deposit requirement starting from $10 (160 ZAR). The minimum deposit amount, or minimum investment amount, depends on the account status of the trader and what they choose when they sign up for a live trading account with Olymp Trade.
| 💳 Minimum Deposit | $10 |
| ZAR | R160 ZAR |
Traders who register for an account and make deposits in South African rand must ensure that they make the necessary conversions before they deposit funds to ensure that they transfer the correct amount.
Olymp Trade Deposit fees and deposit methods
Olymp Trade’s initial investment is very low, especially when compared to that of competitors. The $10 (160 ZAR) minimum deposit can be paid into the trading account using any of the following payment methods:
| 💳 Credit/Debit Cards |
| 💳 Neteller |
| 💳 Skrill |
| 💳 Bitcoin |
| 💳 WebMoney |
| 💳 Fasapay |
| 💳 Bank Wire Transfer |
When making the minimum deposit, traders can use any of the following supported deposit currencies:
▶ USD
▶ EUR
▶ ZAR
A Step-by-step guide to depositing the Olymp Trade minimum amount
Once the trading account or status has been approved, traders can follow these steps to make the minimum deposit:
Step 1 – Log in to Olymp Trade
Select “Login” from the homepage to proceed.
Step 2 – Select Payments and Deposit
Once the traders log into their member’s area and select “make a deposit” from the top right corner of the interface.
Step 3 – Select the preferred payment method
Traders will be redirected to the payment page where they can select their preferred payment method by clicking on one of the logos on the screen. Next, the trader can indicate the amount that they wish to deposit according to their account status.
Step 4 – Lastly, traders can follow the instructions or prompts to complete and verify their deposits.
Traders must note that as a result of limited deposit currencies they may be subjected to conversion fees. Traders must also ensure that the name on their bank account from where they transfer funds and the name in which their trading account is registered, is the same.
Olymp Trade Pros and Cons
| ✔ PROS | ❌ CONS |
| Low minimum deposit | High commission charged |
| Spread not charged | |
| Competitive trading conditions | |
| Deposit fees and withdrawal fees are not charged | |
| Demo account available | |
| All trading accounts are Sharia-compliant |
Olymp Trade Customer Reviews
Good customer support
Olymp Trade gives the best support service so far. I feel very fortunate to be part of a Multilingual broker – Amos
Great account offerings…
Great website with service offerings, good detail on live trading options.. – Emelda
Partnership Program on the website – Check it out
I enjoy the opportunities to earn an income through Partnership programs offered by forex brokers – Dom
You might also like: Olymp Trade Review
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You might also like: Olymp Trade Sign-up Bonus
You might also like: Olymp Trade Fees and Spreads
Min Deposit
USD 10
Regulators
IFC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Overall, Olymp Trade can be described as a broker which offers attractive trading conditions, and a generous amount of educational material. In addition, Olymp Trade offers tight spreads help to attract new clients although the broker would benefit from obtaining better regulation.
Frequently Asked Questions
Can I make the Olymp Trade minimum deposit in ZAR?
Olymp Trade offers various currencies to deposit the minimum amount, which traders can transfer in ZAR.
What is the minimum deposit for Olymp Trade?
The minimum deposit for Olymp Trade is $10 (160 ZAR).
How long does it take to make a withdrawal with Olymp Trade?
This will depend on the payment method used. Payments can reflect instantaneously or take up to several days.
What are the deposit methods for Olymp Trade?
- Credit/Debit Cards
- Neteller
- Skrill
- Bitcoin
- WebMoney
- FasaPay
- Bank Wire Transfer
Does Olymp Trade charge withdrawal fees?
No. Traders may be subjected to transaction fees waived by their payment provider.
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