Olymp Trade is a fixed time trading platform that offers a variety of investment opportunities. They offer two types of trades, one where the investor predicts whether the price will be higher or lower at the end of an allotted time period and another where they predict whether it will go above or below a predetermined level.
Investors can also invest in cross-rates which allow them to trade currencies against each other. Olymp Trade’s impressive success rate has made it one of the most popular fixed time trading platforms in Kenya with over 1 million users from around the country.
Olymp Trade Main Features
Olymp Trade Minimum Deposit |
$10 |
Maximum Leverage |
1:500 |
Trading Platform |
MT4 |
Account Currency |
EUR, USD |
Maximum Leverage |
1:500 |
Instruments |
Forex, cryptocurrencies, stocks, indices, commodities |
Since Olymp Trade uses the MT4 trading platform, it makes it easy for beginner traders to master the one platform that’s used by 99% of forex brokers around the world. Graduating from Olymp Trade to another broker will be hassle-free.
Why Choose Olymp Trade?
Olymp Trade offers traders access to over 500 assets with returns up to 90%. The company is well-regarded for its transparency, reliability, and safety – it is fully licensed and regulated by the International Financial Commission (FinaCome).
Trading on Olymp Trade can be done anytime from anywhere through their mobile app or web browser with instant transfers via Visa or Mastercard between registered accounts.
We like the fact that Olymp Trade is licensed and regulated by FinaCom, In case of a dispute between the broker and a client, FinaCom offers compensation up to $20,000 if the dispute is settled in favor of the client.
Advantages of Trading With Olymp Trade
- Easy and convenient trading platform
- Low minimum deposit of $10 only
- Mpesa deposits and withdrawals available
Disadvantages of Olymp Trade
- it is regulated under a jurisdiction widely seen as an offshore haven
How to Trade Binary Options With Olymp Trade in Kenya
Olymp Trade is a fixed-time trading platform, which means that you make money when trading. There are a more than 150 assets that you can trade including currencies, stocks of leading Fortune 500 Companies, Cryptocurrencies, and Commodities such as copper and sugar.
Before you start panicking, here’s the good part about trading on Olymp Trade. You do not have to own any of these assets in order to trade. Instead, what you do is speculate on whether the price of an asset will go up or down within a specified period, starting with a minute all the way to 30 days.
If your speculation on the direction of price is correct, Olymp Trade will pay you a profit up to 92% depending on the asset you were trading.
News Trading
Trading based on news events can be a great way to make profits on the Olymp Trade platform. The key to success is staying informed about the latest developments in the markets and understanding how they may impact the prices of the financial instruments you are trading.
To predict the direction an asset’s price is likely to go in the near future, traders use a variety of tools including global economic news.
For instance, every first Friday of the month, the United States announces what’s known as the Non-Farm Payroll (NFP). The announcement usually has a very big impact on the price of financial instruments, and is usually a good time to trade.
Trading news is especially a good strategy for beginners who might not be very skillful at technical and/or price action. You should consider using an economic news calendar such as the one available at Forex Factory to spot major events around the world and how they are likely to affect assets.
There are also economic news calendar apps available on the Play Store and iOS store. Simply go to the apps store and search for “economic calendar.” Checking whether there’s any impactful news before you place a trade is a good way to trade on Olymp Trade.
Does Olymp Trade Work in Kenya?
Yes. Olymp Trade works in Kenya. There are many remarkable success stories of Kenyans who use Olymp Trade to make money to an extent of replacing their day jobs with trading on Olymp Trade.
However, like every other career, success does not come easy. You’ll have to invest hours and energy to learn how trading on Olymp Trade works. Once you’ve mastered the art and science of trading you can start investing and make money on Olymp Trade.
We highly recommend Olymp Trade to traders of all levels as the trading platform is incredibly easy to use and comes with $10,000 virtual currency that you can use to test your trading skills and strategies. Click Here to Open an Account.
5 Reasons Why Traders in Kenya Should Choose Olymp Trade
- Demo Trading: Upon registration, you’ll gain access to a free $10,000 demo account that you can use to learn how the platform works or test out your new fixed time trading strategies. That’s a plus for us.
- Licensed and Regulated by FinaCom: The International Financial Commission (FinaCom) is a third party and neutral regulatory authority that oversees forex brokers and settles any disputes between traders and brokers. Olymp Trade became a member of FinaCom in 2016, which shows their dedication to operating above board. While FinaCom is not in the same league with other regulatory authorities such as ASIC or CySec, we hope that we’ll be seeing Olymp get more trade licenses in the future.
- Robust Trading Platform & MT4 Available: Olymp Trade comes with a comprehensive proprietary trading platform that let’s you place and manage your trades with ease. The platform is loaded with a number of technical analysis tools. And as if that’s not enough, Olymp trade also supports MT4 for traders who prefer it.
- Low Minimum Deposit $ Trade Size: If you’re a beginner trader, you might not have a lot of money to invest or you might want to start by only investing a small amount of your money to ‘test the waters.’ Olymp Trade has a $10 minimum deposit (approximately 1,000 Kenya Shillings). Additionally, Olymp Trade lets you place trades with as low as $1.
- Handy Android & iOS Mobile Apps: Olymp Trade is probably the only forex broker with a fully developed and intuitive mobile app for both Android and iOS. For beginners who might not have trading stations, the mobile app is the only thing you’ll need to start making money with Olymp Trade. For professional traders, the app allows you to keep track of your open positions when you’re on the go.
Can Olymp Trade Make you Rich?
Yes. You can make a lot of money on Olymp Trade. The platform rewards traders with up to 92% profit on every trade. For example, placing a trade with $100 will give you $192 profit if your trade goes right.
However, the amount of money you can make on Olymp Trade depends on your trading skills and invested capital.
Without taking time to come up with a solid trading strategy, you’ll probably lose all your invested capital. Before you start trading with your hard earned money, make sure you’ve taken time to not only learn, but also test out your trading strategy on the demo account.
Does Olymp Trade Accept Mpesa?
Olymp Trade fully accepts Mpesa. That means you can easily fund and withdraw profits from your account using Mpesa.
Olymp Trade also supports other alternative deposit and withdrawal methods including bank cards, Skrill, Neteller and Cryptocurrencies (Bitcoin, Ethereum, and Tether.)
The easiest way to fund your Olymp Trade account is to use your Mpesa or bank card. We have had success using the NCBA Loop Card and the I&M Prepaid Multicurrency Card. but our absolute favorite is the NCBA Loop Card as you can fund it easily using Mpesa and also withdraw money from it to Mpesa instantly.
Helpful Olymp Trade Tips & Tricks
- Verify Your Account Before You Deposit: Like every other financial services broker, Olymp Trade is required by the industry regulators to verify that their customers (you) are who they say they are. The verification usually entails you uploading your National ID, Proof of ID, and a selfie-photo. To avoid hitches after you’ve deposited money, make sure to verify your account the moment you sign up.
aight, listen up fellas
This place’s legit. they got killer service and everything to make cash! Got me feeling like a pro even though I’m just a noob here.
I need somebody to train physical iam in Nakuru my phone number 0741747458 anybody available to train I will thank alot
i really like the conditions i get from this broker. cost of trading is actually lower than what people might think. its so cool. do they reallly have a vip account or is it just a rumour?
I agree with all those advantages st,ressed in this article about the olymp trade broker. Minimum deposit requirement is very mild and it opens opportunities to kick off in trading for wide social layers, not only for guys who have fat pockets.
This accessibility in co.mbination with great trading infrastrcture shapes the olymp trade image in the market. I am glad to be the part of such community.
Well, olymp trade is not just to trade fixed time. Theres are a lot of other servicies offered by the broker such as stocks too. But yeah… the author is accurate.
Olymp Trade is as legit as a broker can be. Not only in Kenya but all around the world.
This broker deserves all the praise for making trading accessible worldwide, even for those who cannot afford a significant account size to start.
Whether you choose fixed-time trading or just regular forex trading type, the platform is equally good for both styles. ?
Reasons provided by the author why traders should consider olymp trade as a main mediator are convincing actually. It’s regulated, ensure robust infrastructure and care about its customers.
Lightning fast!
Precise as a skilled marksman and accurate as a meticulously crafted timepiece.
Always wanted a broker that could support me more than just with education.
Not only can Olymp Trade do that, it also can do way more than that. Educational material is in abundance there, but they also have neat goodies of trading conditions they can give you. Statuses are exceptionally good. Totally recommend.
Trading based on news events can be a great way to make profits. As you are just starting out, I suggest this easy trading strategy that involves keeping up to date with current affairs and making informed trades accordingly. To successfully implement this strategy, it is crucial to have a broker that not only offers fast execution but also provides an overall friendly user experience.
Given these requirements, how do you rate the Olymp Trade platform’s trade execution?
Execution is great, but do not trade during news. It’s a newbie mistake.
Execution is important for almost any type of strategy, not only when trading news events. In times when important news is released the volatility is high, and with other brokers that have spreads-based policy, those spreads are getting pretty wide. But not with Olymp Trade. They don’t have spreads, so nothing is changing. The commission stays the same regardless of the volatility.
So this is somehow an advantage. ANyway, do you think that the trading commission at Olymp Trade is reasonable?
The most attractive thing, or at least one of the most attractive, for me, is the ten dollars min. depo.
Yeah! The low minimum deposit required by Olymp Trade is an attraction to many beginner traders who want to test the trading platform
Olymp trade blog is a thing that I discovered earlier this year and till these days I apply to it to get new ideas about trading strategies of other valuable information.
I strongly believe that any trader should pay attention to self-education as much time as possible. If he wants to become a successful trader after all. Olymp trade in this instance provides all the appropriate conditions for that.
The good thing is that Olymp trade has established itself on the forex market as a reliable company that I can work with.
The rest I will find in the olymp trade blog to trade more and more successfully.
In regadress off ganing profit is olymp inwhat?
I would like to get the strategies pls.
Unfortunately i was lost but it seems today i find an answer to all my questions but no money to start… Oooh nooo but if one or the company in Kenya please iwanna see someone to teach me step by step day to night atleast wanna ne smart…. Remember im a slow learner..
I’ve tried news trading at olymp trade several times but it seems to it’s not very consistent. Because sometimes the actual data is good for a certain economy however the currency of this economy gets weaken. Plus the price is jumping like crazy which makes it hard to stay calm.
So I decided that the best strategy would be to stay away from the trading platform when the news is released.
That’s true. News trading at Olymp Trade can be very unpredictable. However, once you find a strategy that works for you, you should be able to leap some tidy profits over a long period of time.
I have invested with some scam brokers in the past, and the story is as horrific as the ones i have read because i went through the ordeal myself. I lost almost $80,000 USD to this unfortunate brokers, a friend referred me to Mr Patrick Mahinge that got me 80% of my money back, plus my accrued bonuses. Please stay clear of these scammers and if you have lost money you can still get your money back if you really want to.
thanks so much,my prayer to be all successful in everything and some one to donate a car for me —even second hand/oldest car i will accept –you will be blessed.thanks