Olymp Trade is surely an online broker which has been offering digital options and forex trading since 2014. This broker is regulated through the IFC and has over 25,000 traders utilizing their platform everyday.
But could this binary options broker be trusted or is he just a scam? Continue reading this Olymp Trade review to determine the truth.
Trading Platform
Olymp is straightforward to navigate and very user-friendly. The working platform looks neat and organized, with links making it simple to find what you deserve for. You have access to Olymp Trade three different ways.
1. Their main website
2. A desktop application (designed for both Windows and Mac)
3. Phone application (either way Android and iOS)
Being able to view your trades from anywhere using a phone app is incredibly convenient. This is especially thinking about the site concentrates on fast, short-term trades. Their mobile app is responsive and it has precisely the same capabilities in the desktop and web version. Quite simply, trading using their phones are certainly not missing out.
The Olymp Trade web site is very straightforward, displaying what exactly you should track your trades and turn into successful. They present a clear, straightforward trade chart around the main page. You will see the timing and amounts plus the chart, rendering it simple to immediately understand. You can also customize the charts by choosing the type of graph and color. At the base with the page, there exists information about open and closed trades as well as a help chat. The design makes it easy for users to determine only what they need inside a simple and easy clear presentation.
Countries and Availability
Olymp Trade just isn’t supported in the United States, Australia, Canada, EU, UK, Japan, or Israel. Olymp Trade is surely an international broker service accessible in these regions:
• India
• Pakistan
• Middle East
• North Africa
• Latin America
• Southeast Asia
To match the demands of their large international market Olymp Trade can be found in these languages:
• English
• Spanish
• Arabic
• Chinese
• Thai
• Vietnamese
• Portuguese
• Malay
• Indonesian
• Hindi
Beginner Friendly
One of the most unique elements of Olymp Trade is its target education for beginner traders. They may be adamant about trading not merely being for professionals, but because an easy to get at income or hobby for anybody. Their free educational training concentrates on teaching strategy-based trading. Help familiarize users with all the realm of finance and the ways to think just like a trader. Members have access to education by means of:
• Interactive courses
• Strategies from experienced financial analysts
• Video tutorials and webinars
They can offer courses tailored towards experienced traders. Higher classes focus on analyst webinars. These teach essentials including managing capital and trading strategies for the present market.
Another feature of Olymp Trade that makes it offered for beginners is low deposits. The minimum deposit is set at $10, as well as the minimum trade amount is $1. First time traders need not bother about losing a big investment. They are able to make safe trades until they feel convenient.
Temporary Trades
Olymp Trade targets short-term trades. These positions could be held as short as Just a few seconds to 3 hours. The platform allows traders to pick a certain expiration time. This provides users with additional hold over their trade. They may also cancel a losing trade whenever you want. These improvements make it easy for beginning traders to get their foot in the door.
Free Demo
In addition to training materials, Olymp Trade offers free demo accounts. If you register, you receive access to 10,000 virtual coins to play around with. By doing this, that you do not risk losing any a real income to get over the learning curve. The demo account is another valuable feature for experienced traders to get a feel for the interface. You can see whether it is best for your needs while not having to invest real currency.
Types of Accounts
After the initial demo account, there’s 2 different options for accounts. You can look at these out an individual will be prepared to start investing real cash.
Standard
To spread out a standard account, you will need to deposit at the very least $10. Yes, this can be a minimal minimum. Investors can trade at the least $1 and a maximum of $2,000. The minimum amount for withdrawal is $10, and there’s no maximum. You are able to only make one withdrawal for day. Withdrawals take around 72 hours to process.
VIP
Being qualified to receive a VIP account, you have to deposit at least $2,000. This account provides additional benefits the common account does not offer. The VIP account ups your maximum trading add up to $5,000. Another huge benefit is entry to a VIP consultant. VIP consultants are leading, experienced financial analysts. This opens the door to additional tools to aid in your education and knowledge of trading.
Security and Regulation
Before selecting a binary options broker, your main concerns should be their security. You shouldn’t invest your cash which has a site where you don’t feel safe. In February of 2016, Olymp Trade became an A-recognized person in the International Financial Commision (FinaCom). FinaCom is an organization that secures investors. When working with a platform secured by FinaCom, any unlawful acts are covered by approximately $20,000.
It is also crucial that you look for well-established platforms. Olymp Trade has around 25,000 people trading every day as well as a $171 million monthly turnover. They have also won numerous accolades including:
• Fastest Growing Broker – ShowFx World 2016
• Best Options Broker – Forex Expo 2017
• Best Financial Broker – CPA Life Awards 2017
• Best Trading options Platform – Le Fonti 2018
Assets
Experienced traders may find the amount of assets limiting. However, it’s convenient rather than overwhelming for those getting their feet wet in the realm of trading. It really is your choice if you want to target just one asset or choose a complete band of assets. They currently offer 79 financial instruments, including:
• 36 currency pairs
• 5 ETFs
• 9 cryptocurrencies
• 13 stocks
• 6 commodities
• 10 indices
Olymp Trade accepts deposits through the following methods:
• Credit and an atm card
• Bank wire transfer
• E-payments for example Skrill and Neteller
• Cryptocurrency including Bitcoin
Depositing is free of charge without extra charges, using the minimum deposit being $10. As a result the web page easy to get at to everyone as well as a good starting point for beginners. Funds deposit relatively fast, but wire transfers take longer than other methods. Cryptocurrency is likely to deposit the easiest.
Withdrawals
The most withdrawal amount is dependent upon whether you use a VIP or standard account, using the minimum always remaining at $10. Your funds will go back to whatever payment method you used to deposit the money. Both standard and VIP members enjoy fast withdrawal processing times. Withdrawals take Twenty four hours to a few days for traditional investors. It’ll only take some hours for VIP investors.
Negative Complaints
Some negative Olymp Trade reviews claimed issues with withdrawing their. A large number of issues can be resolved if you make sure your bank account is fully verified. This simply involves having all of your required personal data on record. The following steps must verify your bank account and commence receiving payouts.
1. Uploading photo identification from an ID or passport. The photo should be out of your shoulders up and completely visible.
2. If you’re using a credit or debit card, you have to scan the cardboard you will be using. The name, first 6 and last 4 digits has to be visible. You only need to upload the front in the card not the back.
3. If you are using an electric wallet (ex. Skrill), a picture of your electric purse is needed.
Trade Types and Payouts
A lot of companies offer 6 or 7 trading options such as one touch, long-term, ladders, and call/put options. Olymp Trade only offers high/low trading. High/low trading expiry times are limited to a maximum of Twenty four hours and therefore are well suited for beginner traders. Standard investors have 82% successful trade payout while VIP investors have 92%.
Customer satisfaction
Customer service can be obtained 24/7 via email, live chat, or phone. Which has a VIP account, your customer support experience is a lot more phenomenal. To some extent, it is because Olymp Trade is maintained by FinaCom. Should they do not resolve a problem after Two weeks, you’ll be able to file a dispute with FinaCom. Customer support is generally fast to resolve any challenges before it grows to now.
Olymp Trade Review Conclusion – Conclusions
Experienced investors could be disappointed with the deficiency of assets and trading options. However, Olymp Trade could be a convenient alternative for someone trying to find binary trading with mobile options. The interface was made with first time traders in your mind, slacking to develop education as well as an immersive demo. The limited options makes it less intimidating for starters to jump into trading. The uncluttered, simple design and low deposit requirements help it become an attractive option for anyone seeking to get into trading.
For details about Registration in Olymp Trade just go to the best site.