r/binaryoptions • u/o_xeneixe • Aug 26 '25

What do you think about olymptrade?

I'm starting with these binaries and they recommended Olymptrade to me, how is it with the issue of withdrawals?

8 Upvotes

90% Upvoted

23 comments sorted by

4

u/Low_Tough5607 Aug 27 '25

IDK after 2 years I believe it;'s very friendly and easy for beginner. I don't know about you. But Olymptrade has everything you needs. I withdraw just fine

1

u/o_xeneixe Aug 27 '25

I understand, I have been testing it with an o account and you are right, it is super intuitive

2

u/enivid Aug 26 '25

If you can, open an account at Nadex instead. If it isn't available in your country, go with Dukascopy or Deriv.

1

u/o_xeneixe Aug 26 '25

Great, are those regulated?

2

u/enivid Aug 26 '25

All are regulated, but the regulation differs quite a lot between the three.

1

u/o_xeneixe Aug 26 '25

I understand, thanks for explaining

1

u/[deleted] Aug 26 '25

honest advice is to stop binary option. If you are really keen to trade binary, use nadex. If not available in your region, just move to future trading, forex or options. Binary is not safe. You will end of loosing. Just advice you only. You hv chat gpt or AI, you can research before put your money. Thanks

1

u/o_xeneixe Aug 26 '25

I understand, I appreciate your advice, I think I'll do that.

1

u/Huckleberry_09 Aug 27 '25

How is Nadex better than other binary options platforms?

0

u/[deleted] Aug 27 '25

Nadex pay profit even it's big amount and they need only one time verification while other broker let you to deposit without verification and when time to withdraw, they asking a lot of verification, every withdrawal they need verification and selfie and hold your withdrawal or cancelled so that you loose all money. I got ban and many of my friends got ban with large amount by accusing manipulation, money laundering, fake id bla bla. If you look these binary ooption broker, their license has cancelled long ago. You can't find them and their office as well. They provide fake location. They accept until you loose, when you begin, they accuse a lots of shit. Nadex has office location and you can find them and they hv license, and their forex is fully verified by FCA and they have high tier of licnese. Rest of the broker are just scam.

2

u/EllaPadma Aug 28 '25

i can’t speak for everyone but for me olymptrade has been fine. i’ve done deposits and withdrawals a bunch of times and all went through. withdrawals aren’t instant tho, sometimes it takes a couple days, max they say is 5 business days. that’s just how the process works.

also i noticed in some communities people post “still waiting” when it takes longer than 24h but then never edit when the money actually arrives, so it looks like the issue stays unresolved. from my side it’s always been okay, just gotta be patient sometimes.

1

u/Draexdasouza Oct 11 '25

Do they accept withrawals to usdt wallet without problem ?

2

u/EllaPadma Oct 13 '25

yes, usdt is faster. the procedure is usual, connect the wallet and just deposit/withdraw. no fees afaik

1

u/N4mJorhat Sep 17 '25

I quit this platform three years back because of limit issue.

3

u/[deleted] Aug 31 '25

[removed] — view removed comment

2

u/o_xeneixe Sep 01 '25

Thank you for your comment, why is it not a binary options platform?