Olymp Trade Kenya Review 2023: Is it Legit or a Scam

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There are so many ways to make a living online, some of which are a scam, while some can make you earn and is directly proportional to your time and effort.

In this article, I will walk you through an Olymp trade Kenya review, and the good news is that my evaluation is entirely unbiased.

By the end of this article, captaingates.com is sure that you will have understood everything about this broker, and you will be able to decide whether it is worth your time or not.

Let’s Get Started!

What is Olymp Trade?

It is an online trading and investment platform. It is a trading platform that allows you to earn money by predicting the price fluctuation of different asset classes such as Olymp trade indices, cryptocurrency, commodities, stocks, and currency pairs.

It was formed in 2014, and it has since grown to become one of the most powerful online trading platforms globally.

Their platform interface is localized into 13 languages and is spread over 194 countries.

When writing this article, it had over 60 million user accounts, an average of $16 million monthly payouts with over 30 million monthly transactions, and over $211 million monthly trade turnover.

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Click here to join.

Who Runs Olymp Trade?

Saledo Global LLC owns Olymp Trade, and it is headquartered in St. Vincent & the Grenadines.

Is Olymp Trade a registered and regulated broker?

Olymp Trade is a reliable broker and a member of the Financial Commission of A category. This demonstrates the excellent quality of our services and ensures that each trader’s deposit is insured, that they get complete assistance, and that any difficulties are resolved promptly.

Olymp Trade became a member of the International Financial Commission on February 22nd, 2016. FinaCom membership is reserved only for firms that have shown themselves to be trustworthy and honest time and time again.

How can I join Olymp Trade in Kenya?

Joining Olymp trade is hassle-free.

To register on the Olymp Trade platform, these are the steps to follow;

  1. Go to the Olymp Trade platform.
  2. Click “Start Trading.”
  3. Adhere to the account creation instructions. Please provide your email address and phone number. This is necessary for the verification and security of your account. Specify a password as well. Pick your trading account currency (U.S. Dollars or Euros).
  4. Deposit made easy:
  • bank cards,
  • e-wallets,
  • Cryptocurrency (Bitcoin etc.).
  1. Withdrawals are made to the same account.
  2. Select “Live Account” or “Demo Account.”
  3. Begin trading.
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How can I trade in Olymp trade?

Olymp trade review

After creating an Olymp trade account, and getting the basics about assets and tools you’ll be using, it is now time to go out and trade. If you are asking how you can trade without risking money, that is where the Demo account comes into the picture. It is an account where you will learn how to trade and practice your strategies before trading with your actual money. 

Once you feel ready, you can go to your live account, make a deposit and start predicting price fluctuations of assets in the market.

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How do I deposit money into my Olymp trade in Kenya?| How do I withdraw money from Olymp trade Kenya?

Deposits and withdrawals may now be made using ten different payment options. Using any of these ways is entirely safe and well-established.

  1. Bank cards (Visa/ Mastercard)
  2. Skrill
  3. Neteller
  4. Netbanking
  5. Webmoney
  6. UPI
  7. Globepay
  8. Astropay
  9. Bitcoin
  10. Mobile money

Does Olymp trade use mpesa?

Recently there has been a reprieve after the Olymp trade started accepting MPESA deposits. This makes withdrawals and deposits less tedious and leaves traders to only worry about the trades they take.

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How much money can we withdraw from Olymp Trade?

You can withdraw a minimum of 10 dollars through Bank cards (Visa/ Mastercard), Skrill, Neteller, Netbanking, Webmoney, UPI, Astropay. A minimum of 50 dollars through Globe pay and 40 dollars for Bitcoin(cryptocurrency).

How long does it take for money to deposit in the Olymp trade?

Deposits are processed almost instantly in Olymp trade, while over 90% of withdrawal transactions are processed in less than two days.

Cryptocurrency transaction time varies greatly since it depends on the congestion of the blockchain at the time of the transaction.

How much deposit do you need for Olymp trade?

I cannot be specific on this, but I can tell you that deposit is the amount you can afford to lose.

Leverage in Olymp Trade

leverage 4386208 340

The leverage offered can be as high as 1:400 for most popular currencies. This means you can take positions in a market that is 400 times your account size.

Is Olymp Trade Legit or a Scam?

Numbers never lie. This broker is very legit and this can be seen by the number of users and the transactions taking place on the platform. If those numbers whisper anything, then they only mean one thing. It is LEGIT.

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