Olymp Trade broker
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Olymp Trade is an international broker & online trading platform.
It is an actively developing financial company that exists since 2014. The owner of the Olymp Trade broker brand is a company registered in Seychelles.
At the moment, the number of Olymp Trade clients is steadily growing. Available trading conditions, service, and modern software suggest that growth will continue in the future.
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Olymp Trade: the main advantages
Olymp Trade is considered one of the best companies suitable for traders who are just exploring the possibilities of the trading earnings.
This is explained by a number of the following factors:
– traders, who decide to try their opportunities in the financial market, have a fundable demo account of the amount of 10000 conventional units (rubles, euros or dollars). There is no need to make an initial deposit to activate it;
– trade transactions (account funding) can be in any of the following currencies: euro, dollar or ruble;
– the minimum deposit is 350 rubles, which is equivalent to 10 euros/dollars;
– the minimum bet is 30 rubles (1 dollar/euro);
– a commission is not charged for all technical operations related to the input/output of funds;
– there is a bonus program (the size of bonuses is non-permanent, about 20-100%).
There are 2 types of trading transactions on the platform:
– according to the duration of the transaction (from 1 minute to several hours)
– according to the expiration time (from 1 minute)
The company takes maximum care to ensure that the functional characteristics of the terminal are clear even to the person who just opened earning opportunities. However, a key feature of the broker Olymp Trade is the trading of an early closing of the transaction (it operates almost 75% of the time from the moment of position activation). It is beneficial to use this feature in the following situations: when the transaction is in a profitable position, but due to unforeseen circumstances there is a high probability that the price may change its direction by the time of the trading expiration; when the transaction shows a negative result, and prospects for further change in the trend are not observed (in the case of early closing, the trader is limited with a loss of 20-30% instead of 100% of the amount of the bet).
Attention! The function of early closing is available on both live and demo accounts. Therefore, the user can get acquainted with the mechanism of its use without investing his funds. Olymp Trade uses quotations from the largest investment banks and broadcasts the weighted average to the platform.
More than 60 instruments are available for trading; these are the following types of assets:
– Currency pairs (main with USD, cross rates, exotic pairs, cryptocurrency)
– Commodities (gold, silver, oil, etc.)
– Stock indices
– Exchange shares
Trading on the platform is possible around the clock due to the presence of cryptocurrency in the assets and the specially developed company CryptoIndex. It shows high profitability (up to 70% on a regular account) even on weekends.
Trading is possible with several types of trading: classic Higher-Lower and time-trading. It is enough to make a forecast for an increase/decrease of the selected asset in the first variant. In the case of trading time-trading, you predict an increase/decrease of the price by a certain time. The transaction time can be selected from 1 minute to 23 hours, and the platforms functionality allows you to set your time, for example, 2 minutes.
Olymp Trade has a limit on both the minimum (1$) and the maximum amount of the transaction ($1000). This step is aimed at supporting novice users who are unable to correctly calculate a transaction from the point of view of risk management due to lack of experience. On the other hand, the limit is wide enough so experienced traders do not have restrictions on trading.
Personal Olymp Trade VIP manager
The broker offers a number of advantages for traders with VIP accounts. Trade is more profitable with such a status.
VIP account advantages:
- personal consultancy of VIP analytics;
- increased profitability on transactions from 82% to 90% on currency pairs (6 assets with high interest are guaranteed: 2 with 84%, 2 with 87%, 2 with 90%);
- the presence of shares with the maximum percentage of income on two assets 92%;
- risk-free transactions;
- exclusive VIP webinars.
- Up to 50% Deposit bonus;
- App for Android and iOS
If the trader did not have experience in trading in financial markets before cooperating with a broker, then a VIP account may be the right approach! In order to become a VIP trader, it is enough to fund the balance with the amount of 2000 dollars/2000 euros.
Is Olymp Trade a scam?
One of the important questions of numerous forums in the network is if Olymp Trade is a deception or a really reliable platform that fulfills obligations and provides an opportunity to earn? There are really many scam sites on the Internet today. We regularly receive complaints from traders about such companies that deceive traders in different ways: managers do not get in touch after transferring real money to the account, problems with the withdrawal of money.
Therefore, traders want to know whether Olymp Trade logo is a fraud or is a serious organization that provides its client with a full range of services for work. After studying the well-known market scammers, we can tell you with confidence that Olympus Trade is not a fraud, but a worthy trading platform that has regulatory authority and reputation. It does not disappear for no reason, support managers are happy to answer all your questions, the companys website is stable, there is no mass negatives and problems.
Broker is a reliable and fast-growing financial company. This is noted by experts of the Financial Commission, which Olymp Trade became a member of early 2016. The highest “A” category membership allows a trader to rely on the compensation of up to $ 20,000 in case of a positive resolution of the dispute with the broker. Also, Olymp Trade platform have a FinaCom Certificate, which confirms the products compliance with industry standards.
Recently, there have been many negative reviews about the broker, so everyone wonders whether earning with Olympus Trade is a lie or true? Users complain that it offers incorrect quotes in the terminal, does not withdraw money, etc. Traders, who had used winning trading techniques that were offered by an unknown YouTube channel, lose their money. What is it left to do? Write negative reviews about Olymp Trade: the broker stole their deposit; this platform is cheating on them, etc.
The broker is highly valued internationally. Thus, the company received 3 prestigious awards, becoming the Best FX trading broker according to the KROUFR Awards, the platform for trading according to the IAIR Awards, and the Fastest developing broker according to Show FX World in 2016. At the beginning of its business, Olymp Trade broker focused on novice traders and created optimal conditions for starting to work in the world of progressive investments. Now, it provides a quality product for trading Fixed Time Trades for both beginners and experienced traders.