Olymp Trade is an international digital online trading platform that has been offering services since 2014. registered on St. Vincent and the Grenadines. The company has 20 million. Customers all over the world and want to make Forex trading transparent and affordable for everyone. Regulatory Activities by the International Finance Commission.
Olympic companies offer full trading without spreads, only showing one price per each of the 42 assets. About currency pairs, this list consists of cryptocurrency and metals.
Trading happens through the Web Platform, no need to install any devices on your computer.
The Smart Interface Platform makes Olymp Trade an excellent choice for beginners. The trade chart can be adjusted to 4 views: area, bar, Japanese candlestick, and Heiken Ashi. For technical analysis, there are many indicators.
The company can boast one of the lowest market entrance costs in the industry, the initial deposit being only 10 USD/EUR. The minimum transaction amount equals 1 USD/EUR, and leverage ranges from 1:5 to 1:200 depending on the asset category. The leverage is realized in a simplified form of a Multiplier rate.
“Take Profit” and “Stop Loss”, the essential risk management tools are accompanied by a “Stop Out” feature, which prevents your losses from ever exceeding deposits. Trading automatically stops when your invested funds have been used up.
Olymp Trade customers can open Forex positions in a demo mode – the account is free and has 10,000 rechargeable demo units on the balance. Experienced traders have an option to be upgraded to VIP status with 2,000 USD/EUR deposit, and get access to exclusive strategies, a personal account manager, and some other perks.
Other trading terms include a competitively-sized and transparent commission for opening a position and a swap fee. For closing no commission will be charged. The trader has no extra costs when depositing or withdrawing money – as these will be borne by Olymp Trade.
The company offers a variety of payment methods: Visa and Mastercard, electronic wallets like Skrill, Neteller, etc., Bitcoin and local banks. Time of processing a withdrawal request is 24 hours on average for regular customers and several hours for VIP users.
Besides, Olymp Trade pays special attention to education – traders will find a lot of useful learning content on the company website, including articles, webinars and video tutorials on the important aspects of trading.
The technical support desk operates 24/7 – multilingual team of specialists, reachable via e-mail, phone and live chat, will always be there to respond promptly and efficiently.
The high quality of Olymp Trade services has been confirmed by 6 prestigious industry awards including Show FX World Prize and Forex Expo.
OlympTrade Account Features
OlympTrade does not have many binary options trading accounts to choose from. Although this offer is strange, this gives all merchants the same features compiling binary options trading. The fact that traders can only make everyone the same and there is a lot of democracy for all traders. Traders can choose to open their trading account with US Dollars or Euros as the base currency. This option is made during account registration and cannot be changed the next day. Therefore, traders must choose a currency that is in accordance with the wise. The minimum deposit that traders can make with this broker is $ 10 equal to IQ Option, which is low enough for the lower amount of cash to invest. $ 10 is the minimum minimum deposit that can be determined by any broker in binary options. OlympTrade brokers offer deposits with them. Trading accounts are equipped with free market analysis and personal account managers. Traders are also entitled to easy access to financial markets and payments up to 80%. All traders who register with Olympus accept the terms to get other bonuses and promotions offered by the broker. However, bonus terms and conditions are not properly determined on their website; they give your account manager to notify you. But we hope that the broker will make all the terms and conditions more precise and easily accessible.
OlympTrade Offers a Demo Account
It should be kept in mind that the platform also provides customers with a free demo, with 10,000 virtual dollars and this is given to the customer as soon as the account has been made. The free demo capability of this platform is welcome news for the beginners since they can try out a few trades. Also, there is no time limit to consider when using the free demo. Investors and customers of this platform can practice all they want without having the need to risk the money.
Trading Terms Customers Should Know
- Minimum deposit amount: $ 10. Deposit $ 2000+ to upgrade to a VIP Account.
- Minimum amount required to trade: $1.
- Maximum amount to trade: $ 2,000 for standard account holders and $ 5,000 for VIP traders
- Successful trade payout: 82 % for standard investors, 90 % for VIP-account holders
- Minimum allowable withdrawal: $ 10
- Withdrawal times: Takes 24 hours for standard account holders to a maximum of 3 days, and a few hours for VIP investors
- No withdrawal fees