Olympus Markets Review: Bonus, Platform, Withdrawals and More

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Our test result: Based on our test, the Olympus Markets is definitely not a scam. Read this review if you want to find out the information you need on how to use this broker and what is the best auto trading robot you can use to access Olympus Markets.

Olympus Markets is currently one of the main robot brokers out there. Finding legit information online when it comes to this broker can be a challenge because the broker reviews available have contrasting views of the platform. That is why we decided to test it ourselves and found that it is actually a completely legit broker that you can make significant profits on. We also found that the best way to earn money on it is through Bitcoin Trader, an auto trading robot.

Read on if you would like to know more about the broker’s fees, account types, withdrawals, deposits, how to trade on it through Bitcoin Trader and much more.

  • Robot
  • Rating
  • Properties
  • Trade
1
 
Free to use
  • 82% claimed win-rate
  • $250 Min Deposit
  • Accepts Debit and Credit Card
All trading carries risk

What is Olympus Markets?

Olympus Markets is a robot broker currently owned and operated by Next Trade Ltd, registered at 1276, Port Vila, Vanuatu. According to the website, Olympus is a broker designed to “satisfy your trading appetite” and claims to be using the top trading platform in the industry, Olympus Trader. The broker also states that thanks to the expertise of the Olympus team, providing strategic and professional services, you will be making money through the platform. Even though we agree that you can make money by trading on Olympus Markets, if you are not an experienced trader, then it is not as simple as it seems. That’s because brokers like Olympus Markets or Ashford Investments are not auto trading robots like Bitcoin Trader or Bitcoin Revolution.

The problem with online brokers is that they do not offer an auto trading option so you have no support while placing trades. Auto trading robots instead, are based on complex algorithms that allow the system to analyse the market in second and place trades accordingly, in complete automation. In order to function, crypto bots connect to robot brokers and place trades through them. We have tested many crypto bots and robot brokers and you can find an overview of some of the best ones on our bitcoin robot page. Olympus Markets is one of the robots we tested and we found it to be absolutely legit. However, the best way to trade on it if you are a beginner is through Bitcoin Trader.

 

 

By accessing Olympus Markets via Bitcoin Trader, you will have access to a wide variety of assets, including forex, commodities, CFDs, stocks, indices and more. There is also no need for you to worry about safety matters. Olympus Markets is a very transparent platform and completely honest about the risks of crypto trading, which is a quality we value very highly when reviewing trading platforms. According to the website in fact, the broker was awarded “best platform for transparency” in 2018. So yes, crypto trading is a risky activity, but the best way to limit these risks is by trading on secure platforms and we believe that Olympus Markets is one of them.

Click here if you want to trade on Olympus Markets via Bitcoin Trader.

Olympus Markets Regulations

We were not able to find out whether Olympus Markets is a regulated broker. The website does not mention anything about an agency or organisation monitoring the broker’s operations. However, the role of regulatory agencies is to ensure that brokers protect customers from loss of funds as much as possible. Olympus Markets does that efficiently no matter what its regulatory status is.

Is Olympus Markets Legit or Scam?

Our test has revealed that Olympus Markets is a completely legit platform. Several aspects of the platform show that there are efforts aimed at protecting users from the risks of crypto trading. WE have already mentioned risk disclaimers, but the website also provides an education centre with informative resources that all Olympus account holders can access and use to improve their investment strategies or their knowledge of the cryptocurrency world.

The website also provides in-depth information on the privacy policy and the terms of service as well as a detail overview of all the benefits offered by the different account types available. Based on our test, we are also certain that the broker provides great customer support and a trading platform that both novices and more experienced users can benefit from.

We must stress though, that if you are an inexperienced trader, trading on Olympus Markets directly might not be a good idea. Experienced users already have an investment strategy, they know how to do the appropriate research and can interpret market changes to make the right investments. If you have not yet developed enough experience to do that, the best thing to do is to trade on Olympus through an auto trading robot. We will get back to this later on in the review. For now, we will get into more detail into some of the features provided by this broker, starting from the variety of asset it has to offer.

Markets/ Instruments

According to the website, Olympus Markets offers over 200 assets you can choose from. That is a great variety of products, which is definitely good for traders who like to explore their options. The broker offers CFDs, forex, currency pairs indices and commodities. Amongst the currency pairs we saw BTC/EUR, GBP/USD, USD/CAD, USD/EUR and more. The stocks on offer include big names such as Netflix, Facebook, Apple, Amazon and so on. You can also choose to trade with commodities like oil, gold and silver or indices such as Nasdaq.

Trading Platforms

Two of the most popular trading platforms that most reliable robot brokers use to support trades are MetaTrader4 and WebTrader. More than 80% of brokers uses them because they are well-reputed, user-friendly and efficient. Olympus Markets however, does not use any of these platforms. Instead, it uses its own web trading interface called Olympus Trader. We tried the platform while testing the broker and we found it to be very similar to MT4 and WebTrader in terms of design and functions. On the left side you have the list of assets, on the right you have the trading chart with details on the asset you select and at the bottom you have your trading history.

 

How to trade on Olympus Markets through Bitcoin Trader (recommended)

We have said it already: our test has revealed that the best way to trade on Olympus Markets is via Bitcoin Trader, particularly if you are not an experienced user. The robot requires you to spend up to 15 minutes a day to modify the trading settings to suit your preferences. Everything else is done for you. The robot will analyse the market automatically in a few seconds and will place the most profitable trade accordingly. It has an accuracy rate of over 90%, meaning that the majority of the trades placed will make you earn money. In order to work, auto trading robots like Bitcoin Trader connect to a robot broker like Olympus. That is how you can trade on Olympus via Bitcoin Trader. Here is a step-by-step guide on how to sign up on Bitcoin Trader.

  1. Registration

You will first have to register on the crypto bot. There are three simple steps you will have to follow as you can see from the images below. You will first have to type in your first and last name and your email address. You will then have to create a password, but keep in mind that it will have to be between 6 and 10 characters and include both letters and numbers. Otherwise, you will not be allowed to move on to the next step of the registration process. Finally, you will have to select your country and insert your phone number.

  1. Deposit

At this point you will have created an account. All that’s left for you to do before you can start trading is depositing funds into your new account. Once you have registered, you will be redirected to a page asking you whether you want to test the platform first or you want to start trading. If you choose to start trading, you will be asked to pay the deposit first. You will have to place at least $250 in your account to be allowed to begin your trading experience. The payment platform is SSL secured so there is no risk of theft or fraud. The best way for you to deposit your funds is via credit or debit cards. To do that you can simply click on your payment method, insert your card number, deposit amount, expiration date and CVV number, which you can find at the back of your card.

 

  1. Trading

As we mentioned earlier, Bitcoin Trader’s trading platform is very simple to use and both experienced users and novices can benefit from its functions. At the top of the page, you will be able to see what your balance is, as well as your profits and the brokers available. You will also have access to the trading history and the trading options.

 

 

Below that, you will be able to decide on your trading settings. You can choose how much you want the system to invest for each trade, how much money and how many trades in a day you want to make. You can also decide on a daily stop loss and daily maximum profits. Just below that, you will have the opportunity to decide what cryptocurrencies you want the system to invest in on your behalf. If you think some cryptocurrency pairs are less profitable than others, you can stop the system from investing in those. Whenever you are happy with your trading settings, you can click on “auto-trade”. That will activate the auto trading mode and all that’s left for you to do is wait for the system to make money for you.

 

 

If you are not sure whether to trade with real money on Bitcoin Trader right away, you also have the option of trying out a demo account first. 

How to sign up on Olympus Markets directly (not recommended)

If you do not want to trade on Olympus Markets through Bitcoin Trader, you may open an account on the robot broker directly. However, we strongly advise not to do so, particularly because it would mean giving up the advantage of auto trading. Brokers like this one are safe and reliable platforms to place trades on, but they do not do the research and place profitable trades for you. The only software capable of doing that are auto trading robots. Bitcoin Trader in particular, has an accuracy of over 90%, which means that out of 10 trades will be profitable. Crypto bots like this one connect to brokers like Olympus in order to function so you can still use Olympus as an investment platform but to have the option to auto trade you have to sign up on Bitcoin Trader first. To do that, all you have to do is click here.

 

 

If you are still convinced about trading on Olympus Markets directly, you can go on the official website and sign up. On the top right corner of the website you will see a “sign up” button. If you click on it you will see a registration form that will require you to type in your first name, last name, your country, phone number, email address and password. You will then be requested to confirm that you are over 18 years old and that you accept the Terms and Conditions. You can then access the deposit page to place funds into your account. At this point you will be able to start trading.

Account Types

Olympus markets has five different account types. You will be able to choose between a Jade, Ruby, Emerald, Sapphire, and Diamond account. For the Jade account you are required to deposit at least $250 in order to access the trading platform. Normally, for each account upgrade, you will have to deposit larger amounts. However, the website does not provide information on how much the deposits for the upgrades are.

 

 

In general, each of the upgrades offers several advantages. If you have a basic account, you will have access to 40% of the welcome bonus, a leverage of 1:500, standard spreads, 24/6 customer support, a daily market overview, a daily analysis video, price alerts and the education centre. These are basic offers that apply for any account type. With a Ruby account, you will have access to all of the advantages of the Jade account plus a Junior dedicated manager to support you whilst trading. The advantages offered for an Emerald account are similar to the Ruby one but you have access to more convenient spreads and a senior dedicated account manager. With Sapphire and Diamond accounts, you will be able to get a VIP dedicated account manager, you will be advised on a trading strategy and you will have access to “gold” or “platinum” trading signals. With a Diamond account you will also have the option of one-on-one training with an expert.

Leverage

The leverage offered on Olympus Markets goes up to 1:500 but it varies depending on the asset you select. Leverage is the debt a trader takes on towards the broker and uses it to buy an asset. Simply put, if the leverage goes up to 1:500, it means that for every $1 in your account, you can buy $500 worth of assets. Having access to such a high leverage gives you the opportunity to make large sums of money in little time. However, bear in mind that the higher the leverage, the higher your risks of losing part or all of your capital.

Commissions and Spreads

The website provides little information on spreads and commissions. We are not sure whether any commissions are present. Spreads vary depending on the selected asset and your account type but we are not certain of the extent of these changes. You might want to contact customer support about this. For a basic account though, the spread on EUR/USD is 3 pips and it seems to be fixed. Feel free to select on the asset you are interested in to view its spread.

Deposits and Withdrawals

Depositing or withdrawing money on Olympus Markets is very straight forward. The robot broker accepts a good variety of payment methods which demonstrates a willingness to satisfy the needs of customers. You can pay via credit or debit cards with VISA, MasterCard, American Express or Discover circuits. Alternatively, you will also be able to deposit funds with BitSend, Neteller, BPay. You can also make payments with bank transfers in several different currencies. However, we are not sure what are the currencies accepted so our suggestion would be to contact a member of staff if you are planning on depositing funds via bank transfer. This way, you can make sure that your preferred currency is accepted.

 

Mobile App

The official website does not mention anything about Olympus Markets mobile apps. We also searched Google Play and App Store, the two main virtual app shops for smart phones and iphones, and we were unable to find an app. However, the robot broker is web-based so you can definitely access if from your smart phone as long as you have an internet connection.

Education and Resources

 

The Olympus Markets website offers a great deal of educational resources to help you through your trading experience. With an account on Olympus, you will have access to a trading mentor, video tutorials, an economic calendar, informative webinars and e-Books. All of these resources are available for all kinds of trades, including beginners, advanced and professional users. The purpose of the education section is to protect you from the risks associated with crypto trading, so if you are new to the world of cryptocurrencies, we suggest having a look through the educational resources.

Bonuses

According to the website, there currently is a bonus on offer. When opening an account for the first time, after you’ve deposited your funds, you will have access to a $250 cash bonus. That means that if you deposit the minimum of $250 into your account, you will have $500 to use for trading. However, that is the case only if you have a Diamond account. With the Jade and Ruby accounts, you will only get 40% of the welcome bonus, 60% for the Emerald account and 80% for the Sapphire.

 

 

Bonuses and promotions usually vary and it very much depends on the broker. The welcome bonus will be in place for a limited time and may be replaced by a different offer in the future.

Customer Support

Customer support is available 24/6. You can contact a member of staff at any time six days a week and you can do so via phone to one of the office branches of the broker, located in Malaysia, Luxembourg and Russia. Alternatively, you can get in touch with them through the live chat or by filling in a support form.

 

 

To do that you will have to type in your full name, email address, phone number, select the topic of your concern and write your message. We tried to contact a member of staff during our test of the platform and they responded within a couple of hours. However, we contacted them during day time, so we are not sure whether they are as efficient when contacted during night time. We believe that an efficient customer service improves the reliability and trustworthiness of a robot broker and we were definitely positively impressed by the responsiveness of the support staff.

 

What makes Olympus Markets unique?

Like most robot brokers Olympus Markets does have some flaws. That is why we made a list of pros and cons to help you decide whether you want to trade on it or not.

Pros:

  • It offers round-the-clock customer support six days a week.
  • Its trading platform is suitable for both beginners and professional users.
  • It has a detailed and comprehensive education centre and provides access to informative webinars.
  • It offers a good variety of payment methods.
  • It offers many different assets for you to choose from.
  • It has a high leverage.
  • It currently offers a welcome bonus for all new users.
  • It offers five different account types.

Cons:

  • Its regulatory status is unclear.
  • It does not offer a mobile app.
  • It is not clear how much is the deposit required for each account upgrade.
  • There is little information on spreads and commissions.
  • Robot
  • Rating
  • Properties
  • Trade
1
 
Free to use
  • 82% claimed win-rate
  • $250 Min Deposit
  • Accepts Debit and Credit Card
All trading carries risk

More robots where you can access Olympus Markets

You can trade on Olympus through several crypto robots other than Bitcoin Trader.

FAQs

Is Olympus Markets a scam?

No. Based on our test, Olympus Markets is a legit and reliable broker, transparent and striving to protect the interests and funds of customers. The trading platform it offers is also user-friendly; learning how to use it only takes a couple of minutes. We certainly recommend trading with this broker but we suggest doing so through Bitcoin Trader.

Is Olympus regulated?

We are not sure what the regulatory status of Olympus Markets is. However, we believe that no matter what its status is, the platform puts the protection of customers at the forefront of its operations, and that is the main role of regulatory agencies. Therefore, even if Olympus Markets is not regulated, customers are still safeguarded and the broker remains a safe platform to trade on.

How do I open an account with Olympus Markets?

To open an account on Olympus Markets you will have to go on the official website, and find the registration form. You will have to type in your full name, select your country, insert your phone number, create a password and confirm that you are over 18 years old and accept the Terms and Conditions. We recommend signing up on Bitcoin Trader. Through the crypto bot you will be able to access Olympus Markets. It is quicker and simpler.

Is Olympus Markets an auto trading robot?

No, Olympus Markets is a robot broker. The difference between the two is that reliable robot brokers offer you a safe space to trade and invest, but you are not offered any support while making investment choices. Auto trading robots on the other hand, are designed to automatically analyse the market and place the most profitable investments for you. Auto trading robots connect to brokers in order to function. Our suggestion is to trade on Olympus markets through Bitcoin Trader to have the auto trading option.

How much is the minimum deposit?

The minimum deposit depends on the account type you want. For the most basic account, the minimum deposit is $250. We were unable to find information on the minimum deposit required for the other account types.

Are there risks when trading with Olympus Markets?

Yes, crypto trading always involves an extent of risk no matter what platform you invest on. Even though trading on a broker through an auto trading robot might decrease the risks of losing capital, especially if you are a beginner, crypto trading remains a “high risk” activity. The cryptocurrency market is highly volatile and auto trading robot are not always capable of predicting market changes. However, trading on a reliable and accurate robot will certainly increase your chances of making profits.

Is customer support available?

Yes, you can contact support staff 24/6 so at any time six days a week. You can contact a member of staff by phone, live chat or you can fill in a support form with your full name, email address, phone number, topic of your message and content of the message.

Is there a mobile app?

A mobile app is currently unavailable. However, Olympus Markets is a broker that runs on browser so as long as you have an internet connection you can access it from any device, including smart phones, laptops and tablets.

Views expressed are those of the writers only. Past performance is no guarantee of future results. Trading comes with severe risk. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

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