Olymp Trade Kenya: How to Trade and Earn Money in 2023

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Olymp Trade is one of the most popular online trading platforms in Kenya. It allows you to trade various assets, such as forex, stocks, commodities, indices, and cryptocurrencies. You can also use different tools and strategies to enhance your trading performance and profitability.

But how do you get started with Olymp Trade in Kenya?

And what are the best practices to succeed in 2023? In this guide, we will answer these questions and more. We will cover:

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  • Registration: – how to register and verify your Olymp Trade account
  • Deposit and withdrawal: – how to deposit and withdraw money using M-Pesa or other methods
  • App download – how to use the Olymp Trade platform and app
  • Instruments and timeframes – how to choose the best trading instruments and timeframes
  • Analysis – how to apply technical analysis and indicators
  • Risk management – how to manage your risk and emotions
  • Tips – learn from other traders and experts
  • Olymp Trade bonuses – how to get bonuses and rewards from Olymp Trade

By the end of this guide, you will have a clear understanding of how to trade and earn money with Olymp Trade in Kenya. Let’s get started! Shall we?

How to Register and Verify Your Olymp Trade Account

The first step to trading with Olymp Trade is to create an account.

You can do this by visiting the official website or downloading the app on your Android or iOS device.

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To register, you need to provide your email address, password, and preferred currency.

You also need to agree to the terms and conditions and privacy policy of Olymp Trade.

Once you register, you will receive a confirmation email with a link to activate your account.

Click on the link and log in to your account.

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  • Start trading with $1
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  • $10 minimum withdrawal
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Olymp Trade registration

Olymp Trade verification

To verify your account, you need to upload some documents that prove your identity and address.

This is a mandatory step to comply with the anti-money laundering regulations and ensure the security of your account.

The documents you need are:

  • A photo or scan of your national ID card, passport, or driver’s license
  • A photo or scan of a recent utility bill, bank statement, or tax invoice

You can upload these documents in the Profile section of your account. The verification process may take up to 24 hours.

Olymp Trade Account Verification

How to Deposit and Withdraw Money Using M-Pesa or Other Methods

To start trading with real money, you need to make a deposit to your Olymp Trade account. The minimum deposit amount is $10 (about 1,1400 KES).

And other than Mpesa, Olymp Trade also allows you to fund your account with: –

  • Airtel money
  • Equitel
  • Visa/Mastercard
  • Skrill
  • Neteller
  • WebMoney
  • Bitcoin
  • TRC20

If you are in Kenya though, the most convenient and popular method is M-Pesa, which allows you to deposit and withdraw money using your mobile phone.

To deposit money using M-Pesa, follow these steps:

  • Log in to your Olymp Trade account and click on the Deposit button
  • Choose M-Pesa as your payment method and enter the amount you want to deposit
  • You will be redirected to a secure page where you need to enter your phone number and confirm the payment
  • You will receive a push notification on your phone to enter your Mpesa PIN.
  • Once you enter the PIN code, the payment will be processed and the money will be credited to your account

To withdraw money using M-Pesa, follow these steps:

  • Log in to your Olymp Trade account and click on the Withdraw button
  • Choose M-Pesa as your withdrawal method and enter the amount you want to withdraw
  • Now click on the withdraw button
  • The approval may take up to 24 hours, depending on the verification status of your account
  • Once approved, the money will be transferred to your M-Pesa account

Note that Olymp Trade does not charge any fees for deposits or withdrawals. However, M-Pesa may charge some fees depending on the amount and frequency of transactions.

How to Use the Olymp Trade Platform and App

Olymp Trade has a user-friendly and intuitive platform that allows you to trade various assets with ease. You can access the platform from any device, whether it’s a computer, tablet, or smartphone.

The platform has four main sections:

  • The chart area, where you can see the price movements of the selected asset in different timeframes and apply technical analysis tools
  • Trading panel, where you can adjust the trade settings, such as the amount, direction, duration, multiplier, stop loss, and take profit
  • The menu bar, where you can access different features, such as indicators, strategies, signals, education, analytics, tournaments, and more
  • The sidebar, where you can see your balance, open trades, trading history, notifications, support chat, and more

Olymp Trade app

You can customize the platform according to your preferences by changing the chart type (line, candlestick, bar), color scheme (light or dark), and language (English, Hindi, or other).

The app has a similar layout and functionality as the web platform, with some minor differences.

For example, the app has a bottom navigation bar that allows you to switch between the trading, education, analytics, and profile sections.

Olymp Trade App Advantages

These are some of the advantages that the Olymp Trade app has over the web platform:

  • Faster loading and execution of trades
  • Push notifications and alerts
  • Biometric authentication for security

You can download the app for free from the Google Play Store or the App Store.

How to Choose the Best Trading Instruments and Timeframes in Olymp Trade

Olymp Trade offers over 100 trading instruments across different asset classes, such as:

  • Forex (currency pairs)
  • Stocks (shares of popular companies)
  • Commodities (gold, silver, oil, etc.)
  • Indices (Dow Jones, Nasdaq, etc.)
  • Cryptocurrencies (Bitcoin, Ethereum, etc.)

You can trade these instruments using two modes: Fixed Time Trades (FTT) or Forex.

FTT is a mode where you predict whether the price of an asset will go up or down within a fixed time period, ranging from 15 seconds to 23 hours.

If your prediction is correct, you earn a fixed percentage of your investment, usually between 70% to 90%. If your prediction is wrong, you lose your investment.

Forex is a mode on the other hand is where you buy or sell an asset at a certain price and close the trade whenever you want.

The profit or loss depends on the price difference between the opening and closing of the trade. You can also use a multiplier to increase your exposure and potential returns, but also your risk.

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To choose the best trading instruments and timeframes for your trading style and goals,

you need to consider several factors, such as:

  • Volatility: How much the price of an asset fluctuates over time. High-volatility instruments offer more opportunities for profit, but also more risk.
  • Liquidity: How easy it is to buy or sell an asset without affecting its price. High-liquidity instruments have lower spreads and faster execution.
  • Trend: How the price of an asset moves in a general direction over time. Trending instruments are easier to analyze and predict than ranging ones.
  • Correlation: How the price of one asset affects the price of another. Correlated instruments move in the same or opposite direction, while uncorrelated ones move independently.
  • Session: The time of day when a certain market is open and active. Different sessions have different levels of activity and volatility.

As a general rule, you should choose instruments and timeframes that match your risk appetite, trading strategy, and available time. For example:

  • If you are a beginner trader with a low-risk appetite and limited time, you may want to trade low-volatility and high-liquidity instruments in longer timeframes (e.g., EUR/USD in 4-hour or daily charts).
  • If you are an experienced trader with a high-risk appetite and more time, you may want to trade high-volatility and low-liquidity instruments in shorter timeframes (e.g., Bitcoin in 15-minute or 1-hour charts).

You can find more information about the different trading instruments and their characteristics in the Olymp Trade platform under the Assets section.

How to Apply Technical Analysis and Indicators in Olymp Trade

And what is technical analysis you ask?

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Technical analysis is the study of past price movements to predict future price movements.

It involves using various tools and techniques to identify patterns, trends, support and resistance levels, breakouts, reversals, and other signals.

One of the most common tools for technical analysis is indicators.

And what are these indicators?

Indicators are mathematical calculations based on price and volume data that provide visual clues about market conditions and direction.

Olymp Trade offers over 20 indicators that you can use to enhance your technical analysis and trading decisions.

Some of the most popular indicators are:

The Parabolic SAR is an indicator that follows the trend and determines the reversal point in the price channel. SAR literally means “stop and reverse.”

  • Moving Averages (MA): These are lines that show the average price of an asset over a certain period of time. They help identify trends and potential entry and exit points.
  • Bollinger Bands (BB): These are bands that show the standard deviation of the price from the moving average. They help measure volatility and identify oversold and overbought zones.
  • Relative Strength Index (RSI): This is an oscillator that shows the strength of the price movement on a scale from 0 to 100. It helps identify momentum and divergence signals.
  • Stochastic Oscillator: This is an oscillator that shows the position of the current price relative to its high-low range over a certain period of time. It helps identify trend reversals and overbought and oversold zones.
  • MACD (Moving Average Convergence Divergence): This is an indicator that shows the difference between two moving averages and a signal line. It helps identify trend direction and momentum.

To apply technical analysis and indicators to your trading, follow these steps:

  • Choose an instrument and timeframe that suit your trading style and goals
  • Identify the current market condition (trend or range)
  • Confirm the trend direction and strength using indicators such as MA, BB, RSI, or MACD
  • Look for potential entry points using indicators such as Stochastic, Parabolic SAR, or Fibonacci Retracement
  • Set your trade parameters, such as amount, direction, duration, multiplier, stop loss, and take profit
  • Execute your trade and monitor its progress
  • Close your trade when you reach your desired profit or loss level or when the trade expires

Olymp Trade Guides 98 Comments

98 Responses to “Olymp Trade Kenya: How to Trade and Earn Money in 2023”

  2. Hello Jacob, Kindly get in touch with us via our live chat support. Or call us on 0708655398.

    If you are ready to start trading on the real account and Visa deposit isn’t working for you, then just open a skrill account. Load it with Visa > login to Olymp Trade and fund your Olymp Trade account with Skrill.

    So far Skrill is the most reliable deposit option for Kenyan Traders.Plus, when you withdraw you receive your cash within 24 hours.

    10 Useful Olymp Trade Articles That You Must Also Read

    1. Fixes For Olymp Trade Visa Deposit Error(s) (https://joon.co.ke/olymp-trade-visa-deposit-errors/)
    2. Olymp Trade Visa Deposits | Fund Your Account in Simple Steps (https://joon.co.ke/olymp-trade-visa-deposits/)
    3. How to Use Neteller to Deposit in Olymp Trade (https://joon.co.ke/neteller-olymp-trade-deposit/)
    4. Why Olymp Trade Recommends Using Skrill Deposit Option (https://joon.co.ke/olymp-trade-skrill-deposit-option/)
    5. How to Change Your Preferred Language In Olymp Trade (https://joon.co.ke/language-in-olymp-trade/)
    6. How to Use Olymp Trade SMA Trend Indicators to Win More (https://joon.co.ke/olymp-trade-sma-tend-indicators/)
    7. Want More Wins? Try Olymp Trade Risk Free Trading Option (https://joon.co.ke/olymp-trade-risk-free-trading/)
    8. I Earned Ksh. 502,000 in Under 2 Hours With Olymp Trade (https://joon.co.ke/i-earned-ksh-502000-in-under-2-hours-with-olymp-trade/)
    9. How Does Forex Work? Learn The Ropes in 4 Minutes (https://joon.co.ke/how-does-forex-work/)
    10.Let’s Draw a Subtle Line Between Scalping & Day Trading (https://joon.co.ke/day-trading/)

  3. Hi, omollo, I have tried all my visa cards in vain to olymp and also to neteller and skrill ,pliz help

  5. I’ve just started trading, I win a little, then I lose alot, so I need help on how to win more. I am understanding a littlehow it works.

  7. hi kenn, i opened an olymptrade account but i really don’t know how to predict correctly

  8. Hello John,

    It’s kind of you to accept that you have poor trading skills. And it is also great of you to be willing to be taught. Here’s my recommendation: – hop into the live chat and let’s have a one on one. I’m sure you’ll get enough knowledge out of the Free session

  9. Important Update: –

    In order to make a deposit from Visa cards the following conditions must be satisfied: 

    1 – The card must be VISA or MasterCard.

    2 – Your name must be written on the card.

    3 – 3D secure system of your card must be enabled (The SMS code,which is sent by your bank to confirm the online purchase). Visit your bank to enable this.

  11. please can i get your whatsapp line then i contact you, please i need a reliable strategy that i will use and be winning like how you do

  14. I have opened an account with Olymptrade since November last year, i have been practicing on the Demo account since i opened my account.
    Despite having a Skrill account, i have not been able to make a deposit and engage in actual trading. Every time i try i do not succeed even when there are funds in my skrill account.
    How can you assist me?
    Ndoria Muya
    Nairobi, Kenya.

  17. please i need a guide on how to trade well am 19 years i i don’t wanna start making mistakes in my life as an online trader

  18. Hello Augustine, currently the best guide for winning more in Olymp Trade is my trading eBook – The One on One Guide of Options Trading. Get it here for $5 only
    Joon Trading eBook

  23. Hello Evelyne, assets are things like commodities, indices,currency pairs, stocks or crypto currencies in your chart. To choose the best asset to trade in Olymp Trade, login to your account to find all assets on the bar that looks like in the image below. Select any of the assets by clicking to activate
    Olymp Trade assets

  28. i will prefer the soft copy emailed to me so that i can print out as this will be faster and quicker pls if this is possible let me know sothat i can pay today or tomorrow

  34. Hi using skill method, i reached a point where i was asked for add new card, then a blank space add card no & expiry date & security code, and i don’t know what to add

  35. Your card number is the 16 digits on your VISA card. Expiry date is also just below the card number and your security code is the 3 digits at the back of your card.

  36. Wow good….I increased my demo acct from 10k to 24k+ in a day using d break out strategy… But am still learning.. Before I was not making profits.. But since I used that strategy I barely loose

  38. Am in Uganda, how can I deposit directly to olymp. Tried several banks all promising, they do online . The best they do is connect to paypal. How and what do you think I can be helped to make the deposit and withdrawals?

  39. Please advise what is the coefficient of payout rates on this or that asset is based on? And if I for example want to trade GPBUSD for how long should I wait in order the payout rates on this pair reached 80%?

  40. It is 80% for the major assets and 10% for other assets including cryptos – however, the 10% also increases to up to 80% on good market conditions. About the wait time for an asset payout value to increase, it happens spontaneously with the market volatility.

    Olymp Trade Assets

    If you are tired of waiting for a specific asset to rise, you can just pick and trade the assets already at 80%. See the image above

  41. Hi, if lets say i deposit $100 using master card, i made a profit of $1500, can i withdraw all the amount at one time? How does it work?

  44. Thanks a lot for the reply! Curious enough, but I never noticed here the assets with unfailingly high payouts before you mentioned them. Good to know! That’s great news that this platform provides assets which I can trade with high payout rates at any time!

  47. For how long can a deal remain open on Forex platform? I’m used to long-term trading, but the point is that I heard this platform is more suitable for scalping. Is that true?

  49. Hi kenn .I have tried all this but seems not to work .does equity visa card work on this

  51. Hello.I have gotten the visa travel money from I$M bank but still not successful in depositing. Or my mistake is ticking for the gambling circle

  53. I’m quite fine with Olymp Trade platform. In fact, it could hardly be better. There are lots of assets for technical analysis, that allow you to analyze the charts quite accurately and apply different trading systems. If you prefer trading with technical analysis, you’ll love it, that’s guaranteed. I saw platforms of several other brokers – well, they cannot boast of such a variety of options… ? Moreover, the Olymp Trade platform works really fast, with no delays or chart slippages, which is truly remarkable. All in all, I like working with Olymp Trade. One can tell at once that this company is solid and reliable. It really shows!

  54. How much must i have in my account in order to trade in olymp trade… i know the minimum amount for the trading action is $1…but how much must i have in the account?

  59. At the moment I’m living in a country where cryptocurrency is forbidden, so I can neither trade nor invest in bitcoins. However, as far as I understand, Olymp Trade allows bitcoin trading. So if I can create an account here, I probably can trade with all the assets, including bitcoins and litecoins. Am I right?

  69. I like the pending order option at Olymp trade platform. But sometimes price does not reach the desired entry price soon enough. What happens to the pending order in this case?

  71. Hi Kenn,Im Eunice,have been trading with the demo account but now i want to switch to live account.Please,how can i get ur guide ?

  72. Hello, I’m in Kenya so how can I withdraw money from the skrill to my mpesa after my predictions are correct?

  75. Please tell me how to find out how much money I’ve lost if my prediction is not correct. The platform only tells me that my profit is 0 when I’m wrong. When I’m right, it says how much I gained though.

  77. Hi, thanks for answer, it’s really help as now I can predict not only my potential winnings, but also potential loss and its really helps

  78. I like the fact that you have a lot of tools for learning. Some of them I use, but I don’t know about many of them. For example, I’ve seen in your reviews that you have webinars, but I can’t find where they are. What’s more, people say you have records of your past lessons. I would like to know where I can find all this because I really need help with my trading.

  80. I’m only learning how to trade and I like Olymp Trade demo account. Maybe my question may seem strange, but I want to know, can I refresh my demo-account to try from the very beginning as I want to start from the new page. Also, I made innitial deposit, so will refreshing demo cost money or it can be done for free? I’m learning trading and don’t know many things, so I’ll much appreciate if someone can help me, as I’m trying to avoid mistakes and cannot find such info with my googling.

  83. I already found info, sry for my questions, there is no problem to refresh and there is no restrictions. That seems good, I will keep on my learning 🙂

  84. I have an account for USD in Zambia but Visa card is not supported so how can I make a deposit having only an account number??? please help

  85. I’ve been working with the Forex trading website for several weeks now and I’m doing great. During this time I have already accumulated a good amount of money, which I would like to withdraw from my deposit account. The very procedure of withdrawal is clear to me, but I would like to know how quickly I will get the money on my bank card?

  87. Hello. I just registered but I’m in Nigeria. I don’t know how to go about trading. Can you help?

  90. Thanks, really, 2-3 days, even 5 isn’t too long. I like Olymp Trade service, so I’m ready to wait even longer, in case it’ll be required. Just want to know what to expect 🙂

  91. Recently found that Olymp Trade has introduced MT4? If I already trade in-browser trading platform, can I try the MT4? Thank you in advance.

  92. Hy Kenn. I am a Nigerian. I have being going through your step by step guide and I am really making few income from the demo account but i don’t know the best trading time in Nigeria using EUR/USD as my assets. Please I need help.

  93. Hi Ken, I have questions to ask
    1. How does someone shift from olymp forex to olymp options?
    2.Are you training on how to trade options.

  94. I’ve been contemplating trying this trading thing for a long time. I finally started trading on the demo account and I must admit, it’s not as hard as I thought. I’ll continue on the demo account for a week then shift to the live account. Nice read Kenn.

  98. Yesterday I registered in Olymp Trade and deposited $30. I’m now at $78 😀

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