How to Withdraw and make a Deposit on Olymp Trade

How to Withdraw Funds from Your Olymp Trade Account

Olymp Trade Withdrawal Payment Methods

You can only withdraw money to your payment method. If you have made a deposit using 2 payment methods, a withdrawal to each of them should be proportional to the payment amounts. We will explore some of the most popular and convenient options for withdrawing money from Olymp Trade.

Bank Cards

One of the most common withdrawal methods on Olymp Trade is through bank cards, such as Visa and MasterCard. This method is widely used due to its convenience and accessibility. The processing time can take from 1 to 12 hours to credit money to your bank card.

Electronic Payment Systems

E-wallets like Skrill, Neteller, and Perfect Money are another popular withdrawal option on Olymp Trade. E-wallets offer fast and secure transactions, making them a preferred choice for many traders.

Cryptocurrencies

For traders who prefer cryptocurrencies, Olymp Trade also offers withdrawal options in popular digital currencies like Bitcoin, Ethereum, TRX, and more.

Internet Banking

Some traders may prefer direct bank transfers through internet banking services. It is a safe and reliable way to withdraw your money from Olymp Trade, as it does not involve any third-party intermediaries or online platforms that might pose security risks.

Olymp Trade withdrawal payment methods are diverse and flexible, allowing you to choose the one that suits your needs and preferences.

How to Withdraw Money from Olymp Trade: A Step-by-Step Guide?

Step 1: Log in to your Olymp Trade account and click on the "Payments" button on the top right corner of the screen. You will see your balance and the available payment methods for withdrawal.

Step 2: Choose the payment method that suits you best. Olymp Trade supports various payment options, such as bank cards, bank transfers, crypto, and e-wallets. You can only withdraw to the same payment method that you used to deposit. For example, if you deposited with a Mastercard, you can only withdraw to a Mastercard.

Step 3: Depending on your chosen withdrawal method, you will be prompted to provide relevant information. For bank transfers, you may need to input your bank account details, including the account number and routing information. E-wallet withdrawals may require the email address associated with your e-wallet account. Follow the instructions provided by Olymp Trade and accurately enter the requested details.

Enter the specific amount of money you wish to withdraw from your Olymp Trade account. Ensure that the requested amount does not exceed your available balance.

Step 4: You will see a confirmation message.

You can also check the status of your withdrawal request in the "Transaction History" section.

Step 5: Receive your money in your chosen payment method. Depending on the payment method and your bank, it may take from a few minutes to 24 hours for the money to arrive in your account. You can contact Olymp Trade’s customer support if you have any questions or issues regarding your withdrawal.

That’s it! You have successfully withdrawn your money from Olymp Trade.

What is the Minimum Withdrawal limit on Olymp Trade?

The minimum withdrawal limit is set at $10/€10 or the equivalent of $10 in your account currency.

Is Documentation Required for Money Withdrawals on Olymp Trade?

There’s no need to provide anything in advance, you will only have to upload documents upon request. This procedure provides additional security for the money in your deposit.
If your account needs to be verified, you will receive an instruction on how to do it by email.
 

How long does Olymp Trade Withdrawal take?

It usually takes payment providers from a few minutes to 24 hours to credit money to your bank card. In rare cases, this period may be extended up to 7 business days due to national holidays, your bank’s policy, etc.
If you’re waiting longer than 7 days, please, contact us in the live chat or write to [email protected]

Withdrawal Fees on Olymp Trade

Typically, Olymp Trade does not impose withdrawal fees; however, they may apply under certain conditions.

1. All USDT accounts are subject to withdrawal commissions.

2. A commission is charged when you withdraw money using a cryptocurrency payment method

3. Traders who deposit and withdraw and/or use duplicate trading accounts without trading could be subject to commissions in accordance with the Non-trading Transactions Regulation and KYC/AML Policy.

How to Deposit Funds on Olymp Trade

Olymp Trade Deposit Payment Methods

The first thing you need to know is that Olymp Trade accepts deposits in various currencies, such as USD, EUR, USDT, and more. You can also deposit in your local currency, and Olymp Trade will automatically convert it to the currency of your account. 

Olymp Trade supports a wide range of payment methods, such as bank cards, e-payments, online banking, and cryptocurrencies. Each method has its own advantages and disadvantages, so you should choose the one that suits your needs and preferences. Some of the most popular payment methods are:

Bank cards

You can use your debit or credit card to deposit money to your Olymp Trade account. This is a fast and secure method that works with most banks around the world. To use this method, you need to enter your card details, such as the card number, expiry date, and CVV code. The minimum deposit amount is $10, and the maximum is $5,000 per transaction. Olymp Trade does not charge any fees for card deposits.

Electronic Payment Systems

This is the most popular e-wallet such as Skrill, Neteller, Perfect Money, AstroPay Card, Fasapay, and more in the online trading industry. They allow you to store and transfer money online without revealing your bank details. You can link your bank card or bank account to your e-wallet and use it to deposit money to your Olymp Trade account. The minimum deposit amount is $10, and the maximum is $15,000 per transaction. Olymp Trade does not charge any fees for e-payment deposits.

Bitcoin and other cryptocurrencies

If you are a fan of digital currencies, you can also use them to fund your Olymp Trade account. Olymp Trade supports Bitcoin, Ethereum, TRX, Solana, USDT, and more. You can use any crypto wallet that supports these coins to send crypto to your Olymp Trade account. The minimum deposit amount is $10, and the maximum is $100,000 per transaction. Olymp Trade does not charge any fees for crypto deposits.

Internet Banking

Olymp Trade offers a convenient and secure method for traders to deposit money into their trading accounts using bank transfers. Bank transfers provide a reliable way to deposit money, particularly for those who prefer traditional banking channels. You can initiate a bank transfer from your personal bank account to the specified account details provided by Olymp Trade. The minimum deposit amount is $10, and the maximum is $7,000 per transaction.

How to Deposit Money on Olymp Trade: A Step-by-Step Guide?

Step 1: Log in to Your Olymp Trade Account

Visit the Olymp Trade website and enter your login credentials to access your trading account. If you don’t have an account yet, you can sign up for free on the Olymp Trade website or app.

Step 2: Access the Deposit Page

Once you are logged in, navigate to the deposit page. Click on the "Payments" button, which is typically located in the top right corner of the page.

Step 3: Select the Deposit Method

Olymp Trade provides several deposit options to accommodate the diverse needs of traders such as bank cards, electronic payment systems, Internet banking, and cryptocurrencies. Select the option that best meets your needs and financial goals.

Step 4: Enter the Deposit Amount

Next, you need to enter the amount that you want to deposit. The minimum deposit amount on Olymp Trade is $10 or equivalent in your currency. You can also choose from different bonuses that Olymp Trade offers for deposits of certain amounts.

Step 5: Provide Payment Details

Based on your selected deposit method, provide the necessary payment details. For bank cards, enter the card number, expiration date, and CVV code. If using e-payments, you might need to provide your account information or email associated with the e-payment service. For Internet banking, follow the provided instructions to complete the transaction.

Step 6: Complete the Transaction

After verifying the information provided, click on the “Submit” button to start the transaction. Follow any further prompts or security measures required by your selected payment method.

Step 7: Wait for Confirmation

Once your payment is processed, you will see a confirmation message on the screen and receive an email from Olymp Trade. You can also check your balance in your account dashboard. Now, you are ready to start trading on Olymp Trade. You can choose from hundreds of assets and trade with different tools and strategies. 

What is the minimum Deposit required for Olymp Trade?

The minimum deposit on Olymp Trade is generally set at $10 or an equivalent amount in other currencies. This makes Olymp Trade an affordable option for beginners and low-budget traders. This means that you can start trading with a small amount of money and test your skills and strategies without risking too much.

Fees for Deposits on Olymp Trade

Olymp Trade does not charge any fees or commissions for depositing money. In fact, they offer bonuses for adding money to your account. 

How long is the processing time for a Deposit on Olymp Trade?

Most payment systems process transactions instantly after the confirmation has been received, or within a business day. Not all of them, though, and not in every case. The actual completion time depends heavily on the payment provider. 
 

Does Olymp Trade charge a brokerage account fee?

If a customer has not made trades in a live account or/and has not deposited/withdrawn money, a $10 (ten US dollars or its equivalent in the account currency) fee will be monthly charged to their accounts. This rule is enshrined in non-trading regulations and KYC/AML Policy.

If there is not enough money in the user account, the amount of the inactivity fee equates to the account balance. No fee will be charged to a zero-balance account. If there is no money in the account, no debt is to be paid to the company.

No service fee is charged to the account provided that the user makes one trading or non-trading transaction (money deposit/withdrawal) in their live account within 180 days.

The history of inactivity fees is available in the “Transactions” section of the user account.

Benefits of Deposits on Olymp Trade

Making deposits on Olymp Trade provides several advantages that can improve your trading experience and boost your chances of success. Here are some important benefits of depositing money on Olymp Trade:
 

1. Access to Trading: By depositing money into your Olymp Trade account, you gain the ability to engage in a wide range of trading activities, including trading various assets such as forex, stocks, commodities, cryptocurrencies, and more.
2. Bonuses and Promotions: Olymp Trade often offers bonuses and promotions to traders who make deposits. These can include deposit bonuses, cashback rewards, and other incentives, which can enhance your trading experience.
3. Risk Management: Depositing money allows you to effectively manage your trading risk. You can set specific stop-loss and take-profit levels to limit potential losses and lock in profits.
4. Access to Educational Resources: Many trading platforms, including Olymp Trade, provide educational materials and resources to help traders improve their skills. Depositing may grant you access to these resources.
5. Customer Support: Depositors often receive priority customer support, ensuring that any issues or questions are addressed promptly and efficiently.
6. Diversification: With deposited capital, you can diversify your trading portfolio by investing in different assets and trading strategies, reducing the risk associated with putting all your money into a single investment.
7. Advanced Features: Larger deposits may grant access to advanced trading features and tools, such as advanced charting, technical analysis tools, and premium trading signals.
8. Capital Growth: By depositing, you have the opportunity to grow your capital through successful trading strategies and investments. The more you deposit, the larger your potential profits can be.

Conclusion: Mastering Deposits and Withdrawals on Olymp Trade

The ability to deposit funds into your Olymp Trade account and subsequently withdraw them is the cornerstone of managing your investments effectively. Understanding the process of both depositing and withdrawing funds ensures a seamless and secure financial experience on the platform.