OlympTrade Online Trading Platform in UAE
OlympTrade has been operating in the UAE market since 2014, serving traders from Dubai to Sharjah with online access to forex and stocks. The platform processes trades in under 2 seconds and supports both English and Arabic interfaces for local users.
Start Trading With Just $10
While many international brokers restrict UAE residents or require complex verification procedures, Olymp Trade accepts Emirates ID for account verification and provides Islamic accounts without overnight fees. The platform’s Fixed Time trading mode, which allows trades from $1 with predetermined exit points, has become particularly popular among Dubai traders who previously relied on traditional forex brokers with higher entry barriers.
Registration takes less than a minute through email or social media login, with immediate access to 10,000 demo units for practice trading.
What is Olymp Trade
Olymp Trade is an online trading platform founded in 2014 that now serves 89 million registered accounts worldwide. The platform operates under Saledo Global LLC, registered in St. Vincent and the Grenadines, offering three trading modes: Fixed Time trades, Forex, and Stocks.
Fixed Time trading defines Olymptrade’s core offering – you select an asset, choose a timeframe from 1 minute to 23 hours, predict whether the price will be higher or lower at expiry, and receive up to 92% profit on correct predictions. This format differs from traditional forex where positions stay open indefinitely and require constant monitoring. The $1 minimum trade and $10 account deposit make it accessible compared to UAE forex brokers requiring $500-1,000 minimums.
| Platform Overview | Details |
|---|---|
| Founded | 2014 |
| Total Registered Users | 89 million |
| Minimum Deposit | $10 |
| Languages Available | 15 including Arabic |
| Regulation | International Financial Commission |
| Compensation Fund | Up to $20,000 per claim |
Dubai and UAE traders choose Olymp Trade for its Arabic interface available round the clock, unlike many international platforms offering only English support during European hours. The platform processes local Visa and Mastercard payments without the international wire transfer fees that other offshore brokers charge.
International Financial Commission membership since 2016 means disputes go through independent arbitration rather than local UAE courts. While this provides some protection with compensation up to $20,000 per valid claim, it lacks the regulatory oversight of DFSA-licensed brokers operating within the UAE.
Olymp Trade Login and Account Registration
Registration on Olymptrade requires only an email and password. The form has two fields, a Register button, and below that “Or continue with” options for Apple, Facebook, and Google.
The login page mirrors registration – email/password fields or social media buttons. If you registered with Google, you must continue logging in with Google. There’s no option to create a separate password for social media accounts unless you contact support and specifically request it.
Forgot password? The reset link stays active for 60 minutes. The system sends it to your registered email within seconds, though Gmail users might find it in the Promotions folder.
Olymptrade runs unverified accounts indefinitely for deposits and trading. Verification only becomes mandatory when you request your first withdrawal.
UAE residents can submit:
- Emirates ID alone (accepted as both ID and address proof)
- Passport + utility bill dated within 90 days
- Passport + bank statement from UAE bank
- Passport + Ejari tenancy contract
Document review happens within 24 hours. The platform accepts photos from your phone – no need for scanners. Just ensure the entire document is visible and text is readable.
Every new registration starts at Starter level. Your deposit total determines the automatic upgrades:
Starter: Default for everyone. 82% Fixed Time profitability, basic support.
Advanced: Unlocks at $500 total deposits. Profitability jumps to 85%, plus you get one risk-free trade monthly and access to exclusive webinars.
Expert: Requires $5,000 in deposits. Profitability reaches 92% on major pairs, personal analyst assigned, withdrawal priority, and partial loss compensation.
VIP status exists but isn’t publicly advertised. Support mentions it requires $25,000+ deposits.
The Islamic account option doesn’t appear during registration. You need to make at least one deposit first, then request it through your account settings. Approval takes 1-2 business days.
Swap-free applies only to Forex and commodities held overnight. Fixed Time trades never had overnight fees anyway, so Islamic designation changes nothing there. Stock CFDs on Islamic accounts lose dividend adjustments along with the interest charges – you can’t have one without the other.
Trading with Olymptrade in UAE
Olymp Trade has three trading modes: Fixed Time, Forex, and Stocks. The minimum deposit is $10 and Fixed Time trades start at $1.
Fixed Time trades work on a simple prediction. Pick an asset, select how long the trade runs (1 minute to 23 hours), decide if price goes up or down. Correct prediction pays 80-93% profit. Wrong prediction loses your stake. That’s it.
The platform shows over 100 instruments. During weekdays you get regular forex pairs, stocks, indices. On weekends everything closes except OTC markets and cryptocurrencies. OTC stands for over-the-counter – these are synthetic instruments that mirror real assets but trade 24/7. EUR/USD OTC behaves like regular EUR/USD but never stops trading.
NZD/USD OTC pays the highest returns at 93%. Gold OTC gives 89%. The Asia Composite Index, popular with Dubai traders who follow Asian markets, offers 85%. Cryptocurrencies like Bitcoin and Ethereum return 80% on Fixed Time trades.
Execution speed averages 1.8 seconds. Fast enough that you get the price you clicked on.
Stock CFDs cover the big names – Apple, Tesla, Amazon, Google. No commissions, no overnight fees. But you can only trade them during US market hours, roughly 6:30 PM to 1:00 AM Dubai time. These close completely on weekends.
There’s also something called Quickler – 5-second trades at 85% profit. Same as Fixed Time but expires in 5 seconds. Some traders run multiple Quickler trades during news events when prices jump around.
Profitability changes with account status. Starter accounts get standard rates shown on the platform. Advanced status (from $500 deposits) adds 3-5% to returns. Expert status (from $5,000) pushes major pairs up to 92% profit.
Is Olymp Trade Real or Fake
Olymp Trade has operated since 2014 without disappearing with client funds, which already separates it from actual scams. The platform pays out $13 million monthly to traders worldwide according to their published statistics. You can verify individual withdrawal proofs on forums like FPA where users post payment screenshots.
The company structure involves multiple entities. Saledo Global LLC in St. Vincent and the Grenadines handles cryptocurrency operations. Aollikus Limited in Vanuatu (license 40131) manages standard trading accounts. Partner companies in Malta and Cyprus provide operational support. This multi-jurisdiction setup is common for international brokers avoiding specific country restrictions.
Why no DFSA license for UAE operations? Olymptrade chose the offshore route rather than local licensing. DFSA requirements include $10 million capital, physical Dubai office, and restrictions on leverage and marketing. The St. Vincent registration lets them offer 1:500 leverage and accept $10 deposits – both impossible under DFSA rules.
Compare this to actual scams that plagued the UAE market. CloseOption vanished in 2017 with all client money. 23Traders lasted 8 months before disappearing. Stern Options got shut down by regulators after fraud complaints. These platforms had no verifiable office addresses, used fake names, and blocked withdrawals from day one.
Olymp Trade shows company registration numbers publicly: Aollikus Limited (40131), VISEPOINT LIMITED (C 94716), MARTIQUE LIMITED (HE 43318). You can check these registrations yourself on government websites.
The platform’s 10-year history includes some bumps. Russia banned them in 2016 along with other forex brokers. India’s ED investigated them for foreign exchange violations. But they’re still operating, still paying withdrawals, still accessible from the UAE.
Is Olymp Trade legal in UAE? Technically no – they don’t have DFSA approval. Is it a scam? The evidence says no. They process withdrawals, maintain real offices, and have traceable company records. Whether you should trade there depends on your risk tolerance for unregulated brokers.
Olymp Trade App Download
The Olymp Trade app exists for Android, iOS, Windows, and macOS. There’s also a web version you can trade from without downloading anything.
Android users in the UAE can get the app from Google Play Store – it shows up first when you search “Olymp Trade”. The APK file is available on the official website if Google Play is blocked on your device or you’re using Huawei phones without Play Services. File size is 24 MB for the current version.
Installing the Android APK:
- Go to Settings > Security > Unknown Sources (enable it)
- Download the APK from olymptrade.com/trading-apps/
- Open the downloaded file
- Click Install and wait 30 seconds
- Disable Unknown Sources again for security
The iOS version requires iOS 12.0 or later, works on iPhone and iPad. Face ID and Touch ID unlock the app instantly without typing passwords. One problem: the App Store sometimes removes trading apps in certain countries. If you can’t find it, use the web version on Safari instead.
Desktop software exists for Windows (both 32-bit and 64-bit) and macOS. The Windows installer is 89 MB for x64, 86 MB for x32. The macOS version is 112 MB. These aren’t just browser wrappers – they’re native applications with better performance than the web platform. Charts load faster, indicators respond immediately, and you can run multiple windows across monitors.
Installing on Windows:
- Download from olymptrade.com/trading-apps/ (choose x64 for modern PCs, x32 for older systems)
- Run the OlympTradeSetup.exe file
- Select installation language
- Click Next through the setup wizard
- Launch from desktop shortcut or Start menu
Mobile apps include everything from the desktop version. All 30+ indicators, drawing tools, chart types, one-click trading. Deposits and withdrawals process through the same payment methods. The only missing element is the ability to open multiple charts simultaneously – mobile shows one chart at a time.
The web app at olymptrade.com/trading-apps/ needs no installation. Works on Chrome, Firefox, Safari, Edge. Same login credentials as mobile and desktop apps. Your trades, balance, and settings sync across all platforms instantly.
Galaxy Store and Huawei AppGallery also list the Olymp Trade app for Samsung and Huawei users respectively. Same app, different distribution channel.
Demo Trading on Olymptrade
Olymp Trade provides 10,000 practice units after registration. These units have no monetary value but trade at real market prices. EUR/USD shows the same 1.0845 on both demo and live accounts.
The balance resets to 10,000 through a refresh button when depleted. No restrictions on how often this can be done. Traders test risky strategies on demo that would bankrupt a real account – maximum leverage positions, all funds on single Quickler trades, experimental indicator combinations.
According to Olymptrade’s statistics, 73% of profitable traders spent at least 30 days on demo before depositing. The platform’s training course uses demo for all exercises. Lesson 3 involves placing the first trade, lesson 7 covers indicator setup, lesson 14 teaches position management across timeframes.
Real money changes everything psychologically. A 5,000 unit loss on demo is meaningless. A $5,000 loss from a real account causes panic and poor decisions. The switch from demo to live happens through one dropdown selection. Charts and settings remain unchanged, only the money becomes real.
Trade history on demo accounts disappears after 30 days. The balance stays but past trades are deleted. Live account history is kept permanently.
Is Olymp Trade Legal in UAE
No UAE law specifically bans Olymp Trade. The platform operates in a regulatory grey zone – not licensed by DFSA, not explicitly prohibited either.
Olymptrade uses International Financial Commission membership instead of local licensing. UAE banks sometimes block payments to such platforms, sometimes they don’t.
Regulatory Status
The DFSA regulates brokers with physical offices in Dubai International Financial Centre. Olymp Trade has no UAE office. It serves Dubai and Abu Dhabi traders through its St. Vincent and Grenadines entity, which holds IFC membership since 2016.
This isn’t illegal. The Central Bank warns against unlicensed brokers but doesn’t prosecute UAE residents for using offshore platforms. Olymptrade sits in the same category as hundreds of other international brokers that UAE traders access daily. The difference between them and DFSA-licensed brokers? If Olymp Trade disappears with money tomorrow, UAE courts won’t help. With a DFSA broker, they would.
International Financial Commission membership means dispute arbitration exists, but it’s voluntary for the broker. They can ignore IFC rulings without consequence.
Money Protection on Olymptrade
Olymptrade claims segregated accounts for client funds. Standard SSL encryption protects data. Two-factor authentication is mandatory for withdrawals over $100. Every broker says these things.
The $20,000 IFC compensation fund sounds reassuring until you read the fine print. Claims require proof of platform fraud or terms violation. The approval rate? They don’t publish it. Processing time? Several months minimum. Meanwhile, DFSA brokers maintain millions in required capital and face real audits, not voluntary ones.
The platform processes withdrawals in 1-5 days according to user reports on FPA and Trustpilot. Some get paid quickly. Others wait weeks. No pattern explains the difference.
Olymp Trade Halal Trading
Muslim traders in UAE often ask whether Olymptrade complies with Islamic finance principles. The platform offers swap-free accounts that eliminate interest on positions held overnight – a key requirement for Sharia compliance.
Here’s how it works: Regular forex accounts charge or pay swap fees when positions stay open past 10 PM Dubai time. Islamic accounts on Olymp Trade remove these entirely. Hold EUR/USD for a week, a month, doesn’t matter. No interest accumulates either way. Gold and oil positions work the same way.
Fixed Time trades were already halal-friendly before Islamic accounts existed. Why? Because they close at predetermined times with fixed returns. Buy a 1-hour option on Olymptrade at 3 PM, it closes at 4 PM. The 85% profit isn’t interest – it’s payment for correct market prediction.
Stock CFDs get complicated. Yes, Islamic accounts trade them swap-free. But Olymp Trade also removes dividend adjustments to maintain the no-interest principle. Regular traders might receive $50 in Apple dividends while holding the stock CFD. Islamic account holders get nothing. Fair? That depends who you ask.
To activate Islamic trading, deposit first, then message support requesting the conversion. Takes about 24 hours. They’ll ask if you’re Muslim but won’t demand proof. Some traders exploit this for swap-free trading without religious reasons, though Olymptrade occasionally audits suspicious accounts.
The Fiqh Academy hasn’t ruled on platforms like Olymp Trade specifically. Sheikh Assim Al-Hakeem considers Fixed Time trading too similar to gambling. Dr. Monzer Kahf argues swap-free CFDs can be permissible if used for genuine hedging, not speculation. Most scholars agree: removing interest alone doesn’t make trading halal if the underlying activity resembles gambling more than investing.
Olymp Trade Promo Code
Olymp Trade has two active promo codes for UAE traders: START100 for first deposits and PRO100 for all deposits.
| Promo Code | Bonus Details |
|---|---|
| START100 | First deposit only, adds 15% extra to base bonus |
| PRO100 | Works on any deposit, adds 20% extra to base bonus |
START100 gives new users up to 100% on their first deposit. The base bonus without any code is 35% for $10-100 deposits. With START100, that becomes 50%. Deposit $500 or more with this code and the bonus reaches 100%.
PRO100 works for both first-time and repeat deposits. A $100 deposit normally gets 35% bonus. With PRO100, it becomes 55%. This code stays active on the account for all future deposits.
How to activate promo code bonus:
- Register on Olymptrade
- Open the Deposit page
- Enter START100 or PRO100 in the promo code field
- Select deposit amount (minimum $10)
- Complete payment
- Bonus adds to account automatically
The bonus trades together with real money. Deposit $100 with 50% bonus, get $150 total balance. Each trade splits between real funds (67%) and bonus funds (33%). Win a $10 trade at 85% profit – $5.70 goes to real money, $2.80 to bonus.
To unlock bonus as withdrawable cash, trade 40 times the bonus amount. A $50 bonus requires $2,000 in trading volume. Only Fixed Time trades count toward this requirement.
Account status affects base bonus rates before promo codes apply. Starter gets standard rates. Advanced status ($500 total deposits) increases base bonus by 10-15%. Expert ($5,000) and VIP ($25,000) get maximum base rates, making their PRO100 bonuses reach close to 100% on most deposits.
Risk-free trades come with Advanced status and higher – one monthly trade where losses convert to bonus funds. The cashback program returns 10% of losing trade volume as points that convert to cash based on account level.
Payment Methods for UAE Traders
Olymp Trade accepts cards issued by UAE banks and several cryptocurrency options. The platform processes deposits instantly while withdrawals take 1-5 days depending on the method and verification status.
Deposit Options
Visa and Mastercard from Emirates NBD, FAB, ADCB, and other UAE banks work on Olymptrade. The minimum deposit is $10. Some banks flag trading platform transactions – if a deposit fails, contact the bank to whitelist merchant code 7995 (gambling and betting) which Olymp Trade falls under.
Cryptocurrency deposits bypass banking restrictions entirely. Bitcoin, Ethereum, and USDT (Tether) process within 10-30 minutes after blockchain confirmation. The platform generates a unique wallet address for each deposit. Minimum crypto deposits: 0.0002 BTC, 0.005 ETH, or 10 USDT. No maximum limits on crypto.
Local payment processors like Paymentz and Network International handle card transactions for UAE residents. These show on bank statements as third-party merchant charges, not as Olymp Trade directly. Exchange rates follow Visa/Mastercard international rates plus 2-3% platform markup.
Withdrawal Processing
First withdrawal requires identity verification. Upload Emirates ID or passport through the platform. Verification takes 24 hours on weekdays, longer on weekends. After approval, all future withdrawals process without additional checks.
Card withdrawals return money to the same card used for deposits. Takes 1-3 business days for UAE banks, sometimes up to 5 days during Eid holidays or year-end. Minimum withdrawal $10, no maximum. Olymptrade charges no fees but banks might charge receiving fees around 20-50 AED.
Crypto withdrawals work faster – usually 2-12 hours. Bitcoin goes to any BTC address, not necessarily the one used for deposits. The platform covers network fees for withdrawals over $100. Smaller amounts deduct standard blockchain fees from the withdrawal sum.
If deposits came from multiple sources, withdrawals split proportionally. Deposited $100 from card and $50 in Bitcoin? First $100 in withdrawals must go to the card, next $50 to Bitcoin wallet. Only profit amounts above initial deposits can go to any method.
Olymptrade Trading Signals and Educational Resources
Olymp Trade shows trading signals right on the chart – green arrow for buy, red for sell. They claim 70% accuracy based on backtested data. Each signal displays 1-3 confidence bars and works best on 1-5 minute Fixed Time trades.
The platform’s strategy library has 50+ systems with performance stats. Martingale for Fixed Time supposedly wins 65% of trades. Trend following for Forex promises 200-300 monthly pips. All backtested in perfect conditions without real market problems like slippage or spread widening that destroy actual profits. The video tutorials range from 2-minute registration guides to 30-minute Elliott Wave lessons. Some are professional, others are screen recordings with terrible audio.
Weekly webinars in Arabic run Thursdays at 8 PM Dubai time. Attendance averages 200-300 traders. Presenters work for Olymptrade, not independent professionals. They trade on demo, never showing real account statements. Topics cover platform basics, technical indicators, risk management – standard stuff recycled every few weeks.
Expert status gets you a WhatsApp consultant. These aren’t financial advisors, they’re sales reps pushing bigger deposits. The “exclusive strategies” they share? Same PDFs everyone can download from the education section. Main value is faster support response when the platform glitches.
Olymp Trade Review Against Competitors
Olymp Trade pays up to 92% on Fixed Time trades for Expert accounts. Quotex maxes out at 85% even for VIP traders. The difference adds up – a winning $100 trade returns $192 on Olymp Trade versus $185 on Quotex. Both platforms offer similar assets and features, but Olymptrade’s higher returns make it mathematically better for profitable traders.
IQ Option requires $10 minimum deposit like Olymp Trade, but their minimum trade is $1 for binary options only. Forex and stocks need $20+ positions. Olymptrade keeps the $1 minimum across all trading modes. IQ Option’s interface overwhelms beginners with hundreds of indicators and drawing tools. Olymp Trade limits this to 30 essential indicators.
| Platform | Min Deposit | Execution Speed | Assets | Withdrawal Time | Fees |
|---|---|---|---|---|---|
| Olymp Trade | $10 | 1.8 seconds | 100+ | 1-5 days | None |
| Quotex | $10 | 2.3 seconds | 400+ | 1-3 days | None |
| IQ Option | $10 | 1.5 seconds | 500+ | 1-9 days | None for cards, $31 for wire |
| eToro | $50 | 2.5 seconds | 3000+ | 1-8 days | $5 withdrawal fee |
| XM | $5 | Under 1 second | 1000+ | 2-5 days | Varies by method |
Local UAE brokers like IG Markets and Saxo Bank demand $500-1000 minimum deposits. They charge commissions on every trade – typically $5-10 per lot on forex, 0.1% on stocks. Account opening takes 3-5 days with extensive document requirements including salary certificates and bank statements. Olymptrade opens accounts in minutes with just Emirates ID.
The “no hidden fees” claim is mostly accurate. Olymp Trade doesn’t charge for deposits, withdrawals, inactivity, or account maintenance. But the spread markup exists – EUR/USD spreads run 2-3 pips wider than raw interbank rates. Currency conversion adds another 2-3%. These aren’t technically fees but they cost money.
Verification is simpler than competitors. eToro demands proof of income, tax returns, utility bills. IQ Option randomly locks accounts for “additional verification” that takes weeks. Olymp Trade accepts Emirates ID and processes verification in 24 hours. Some UAE banks still block transactions to all these platforms regardless of verification status.
How Successful Traders Use Olymptrade
The few profitable traders on Olymp Trade keep position sizes at 1-2% of their account per trade. They’re not chasing 92% returns on every position. They take 10-20 trades daily on Fixed Time, win 55-60% of them, and slowly build accounts over months.
Martingale destroys accounts. Everyone tries it, everyone loses eventually. Seven straight losses mean $1,280 gone from a $10 starting bet. The platform knows this – that’s why they allow it.
What actually works is trading the Asian session on currency pairs when volatility drops. EUR/USD moves 20-30 pips between 2-6 AM Dubai time. Set 15-minute Fixed Time trades following the 4-hour trend direction. Not exciting, but it has an edge. RSI and MACD are useless on 1-minute charts – pure noise. On 1-hour charts they start making sense but Olymptrade’s Fixed Time maxes out at 23 hours, so traditional forex indicators don’t translate well.
The economic calendar helps only if you understand the context. NFP moves markets for 5 minutes then reverses. ECB speeches matter only when policy changes are hinted. Crude inventory data affects CAD pairs more than USD pairs despite being American data. The platform doesn’t explain any of this.
VIP traders don’t get magic strategies. They get a WhatsApp number for someone in customer service who sends the same PDF everyone can download. The real VIP benefit? Faster withdrawals and someone to complain to when the platform lags during volatile markets.
Olymp Trade Technical Infrastructure
Olymp Trade reports 99.97% uptime, which equals roughly 26 minutes of downtime yearly. Whether this matches reality is hard to verify since the platform doesn’t publish incident reports.
Server infrastructure includes data centers in Frankfurt, Singapore, and New York for regional coverage. During peak hours the platform handles 25,000 concurrent users according to their specifications. Order execution averages 1.8 seconds in normal conditions but slows during major news releases. NFP Fridays and ECB announcements see execution times stretch to 5-10 seconds. The platform sometimes shows different prices than what actually executes – a $100 trade might fill at $98 or $102 during volatility spikes.
Backup protocols run every 4 hours with incremental saves between. Geographic redundancy means if Frankfurt fails, Singapore takes over. In practice, major outages are rare but micro-freezes during high volume happen weekly. The mobile app tends to handle traffic surges better than the web platform, though both struggle when Bitcoin makes dramatic moves or when major forex pairs gap at market open.
Frequently Asked Questions
Common questions about trading on Olymp Trade from UAE residents.
Contact SupportDubai residents can access Olymp Trade but it operates without DFSA licensing. The platform has International Financial Commission membership which provides some dispute resolution, but not the same protection as regulated brokers. Your funds sit in offshore accounts, not UAE banks. Many Dubai traders use it without problems, others have reported withdrawal delays. The platform has operated since 2014 without major collapse, but trading with any unregulated broker carries risk.
Emirates ID works as both identity and address proof for most UAE residents. Alternatively, submit passport plus a utility bill (DEWA, Etisalat) or bank statement from the last 3 months. Photos from your phone camera are fine – no scanning required. Verification takes 24 hours on weekdays, sometimes faster.
Islamic accounts on Olymp Trade remove swap fees, making them technically Sharia-compliant. However, Islamic scholars disagree on whether Fixed Time trading itself is halal since it resembles gambling more than investing. The platform operates 24/7 during Ramadan. Individual traders must decide if this meets their religious requirements.
Enter START100 or PRO100 in the promo code field during deposit. START100 works only on first deposits, adds 15% extra bonus. PRO100 works on any deposit, adds 20% extra. Without codes, deposits still get bonuses but lower percentages.
$10 minimum for all withdrawal methods. No maximum limit. Card withdrawals take 1-5 days, crypto withdrawals process within 12 hours usually.
Yes, accessible from Dubai, Abu Dhabi, Sharjah, and all other emirates. Some local banks block transactions to trading platforms regardless of emirate. If your bank rejects deposits, try cryptocurrency or different payment methods.
Olymp Trade offers higher returns (up to 92% vs 85% on Quotex) and has operated longer (since 2014 vs 2020). Quotex has more tradeable assets (400+ vs 100+) and slightly faster execution. Both lack UAE regulation. Choice depends on whether you prioritize higher payouts or more trading options