Who is the owner of Olymp? (2024)

Olymp Trade is an international financial broker providing online trading services in financial markets. The company behind the Olymp Trade brand is Smartex International Ltd, which is registered in St. Vincent and the Grenadines.

History and Founding of Olymp Trade

Olymp Trade was founded in 2014 by a team of financial market professionals and technology experts.

Early Beginnings

The founders of Olymp Trade saw an opportunity to create an accessible and easy-to-use online trading platform aimed at beginning traders around the world. Prior to launching Olymp Trade, online trading was seen as complex and catering mostly to professional investors.

Creating an Innovative Platform

The Olymp Trade platform introduced innovative features such as a low minimum deposit requirement, free demo accounts, and an intuitive web-based platform. These features made online trading more welcoming to casual traders looking to speculate on financial markets.

Ownership and Management

As an offshore company registered in St. Vincent and the Grenadines, details about Olymp Trade's ownership are not readily available.

Board of Directors

• The company does have a Board of Directors in place to oversee strategic decisions. However, the names and backgrounds of Board members are not disclosed.

Executives

• There is also an Executive team responsible for the day-to-day operations and growth of Olymp Trade. They help drive marketing, product development, customer support and other key areas.

Lear more about Olymp Trade:

Investors

• In addition to the founders of Olymp Trade, it is likely the company has taken investment from other sources to fund its fast international growth. However, these investors remain unnamed.

Company Structure and Global Presence

Olymp Trade employs over 500 people across several global offices that help support its trading platform and customers.

International Offices

• Key locations include offices in Russia, Panama, Indonesia, Malaysia and the United Arab Emirates. These satellite offices allow Olymp Trade to provide localized products, support, marketing and risk management across different regions.

Customer Service

• Having international offices helps Olymp Trade provide customer service support in over 20 languages. This helps create a seamless experience for traders across different countries using the platform.

Company Growth

• Since launching in 2014, Olymp Trade has achieved impressive growth. It now has over 25,000 active traders using its platform daily. Such rapid expansion is likely fuelled by strong leadership and strategic investors.

Regulations and Licensing

Olymp Trade operates under several licenses and regulations required for financial trading platforms and brokers.

Financial Licenses

• Its primary license is its Securities Dealer License issued by the government of St. Vincent and the Grenadines under registration number 25161 BC 2019.

Regulatory Standards

• Beyond its licenses, Olymp Trade adheres to regulatory standards set by organizations such as VFSC, E-Commerce, and FinaCom PLC. These help ensure fair trading and dispute resolution.

User Protections

• By complying with financial trading rules and regulations, Olymp Trade is able to provide users protection against fraud, data loss and unfair trade execution - adding a degree of trust.

Product Offerings and Features

The focus of the Olymp Trade platform is on enabling access to several financial markets using intuitive digital tools and features.

Trading Products

• Olymp Trade supports over 70 trading instruments including currency pairs, commodities, stocks, indices and cryptocurrencies. This diversity appeals to traders with different interests and strategies.

Innovative Platform

• Beyond its web-based platform, Olymp Trade has also launched mobile trading apps for Android and iOS devices to support on-the-go traders. Its platform uses visual charts, analysis tools and risk management features suited for casual traders.

Educational Resources

• Knowing many of its users are beginners, Olymp Trade also produces ample educational resources across its website and Help Center. These provide reference materials across trading basics, technical analysis, risk management and more.

Corporate Social Responsibility

As part of giving back, Olymp Trade and its employees take part in corporate social responsibility (CSR) initiatives globally.

Charitable Partnerships

• Olymp Trade frequently runs campaigns promoting charitable groups focused on humanitarian, health and social projects. Recently it has partnered with organizations such as the Malaysian Red Crescent Society and Indonesia Red Cross Society.

Employee Volunteering

• The company also supports employees who volunteer their time contributing to local community initiatives focused on issues such as education, poverty and sustainability. These outreach programs aim to support communities in developing nations.

Financial Access Programs

In several countries, Olymp Trade funds workshops to provide people with free access to financial education resources. By promoting financial and technological literacy, individuals gain access to digital trading tools and new income streams.

Frequently Asked Questions

Who is the CEO of Olymp Trade?

The CEO and top executive leadership team members behind Olymp Trade are not named. As typical for offshore businesses registered abroad, there are not public reporting requirements around ownership and management.

Where is Olymp Trade's headquarters?

Olymp Trade does not disclose an official global headquarters. As an offshore company registered in St. Vincent and the Grenadines, it does business globally through regional offices instead of a centralized HQ.

Is Olymp Trade legitimate?

Yes, Olymp Trade is run by a legitimate business called Smartex International Ltd which holds legal registration and financial licenses in the offshore jurisdiction of St. Vincent and the Grenadines. Olymp Trade itself also adheres to regulations around securities trading and ecommerce.

Who provides Olymp Trade's trading platform?

As a technology driven company, Olymp Trade has developed a proprietary web and mobile trading platform supported by its own in-house information technology teams. The platform itself combines innovations focused on giving casual traders access to tools for speculating on financial markets.

How does Olymp Trade make money?

As a market maker, Olymp Trade profits from the spread between the bid and ask prices on financial assets offered on its platforms. Regardless of whether a trader profits or loses, Olymp Trade earns small marginal profits based on the spread and trading volume conducted.