Olymp Trade is an online broker which has been offering digital options and forex currency trading since 2014. This broker is regulated through the IFC and it has over 25,000 traders making use of their platform everyday.
But tend to this binary options broker really be trusted or is it just a scam? Continue scanning this Olymp Trade review to find out the reality.
Trading Platform
Olymp is not hard to navigate and intensely user-friendly. The working platform looks neat and organized, with links which make it simple to find what you should want for. Will come your way Olymp Trade three different methods.
1. Their main website
2. A desktop application (available for both Windows and Mac)
3. Phone application (for Android and iOS)
Being able to access your trades from anywhere using a phone app is extremely convenient. Almost all of the with the site specializes in fast, short-term trades. Their mobile app is responsive and contains the same capabilities from the desktop and web version. Basically, trading from other phones are not missing out.
The Olymp Trade website is very straightforward, displaying what exactly you need to track your trades and be successful. They present a clear, easy to understand trade chart around the main page. You can view the timing and amounts alongside the chart, which makes it an easy task to immediately understand. You can even get a new charts by choosing the type of graph and color. At the base from the page, there exists info on open and closed trades plus a help chat. The structure makes it easy for users to determine only what they already want within a easy and clear presentation.
Countries and Availability
Olymp Trade is just not supported in the United States, Australia, Canada, EU, UK, Japan, or Israel. Olymp Trade can be an international broker service accessible in the following regions:
• India
• Pakistan
• Middle East
• North Africa
• Latin America
• Southeast Asia
To adjust to the needs of their large international market Olymp Trade can be found in the subsequent languages:
• English
• Spanish
• Arabic
• Chinese
• Thai
• Vietnamese
• Portuguese
• Malay
• Indonesian
• Hindi
Beginner Friendly
Probably the most unique facets of Olymp Trade is its target education for beginner traders. They are adamant about trading not merely being for professionals, but because an easy to get at income or hobby for anybody. Their free educational training targets teaching strategy-based trading. Guide familiarize users together with the whole world of finance and how to think just like a trader. Members get access to education as:
• Interactive courses
• Strategies from experienced financial analysts
• Video tutorials and webinars
They can offer courses tailored towards experienced traders. Heightened classes give attention to analyst webinars. These teach essentials such as managing capital and trading strategies for the current market.
Another feature of Olymp Trade that means it is obtainable for beginners is their low deposits. The minimum deposit is set at $10, along with the minimum trade amount is $1. New traders do not have to bother about losing a big investment. They are able to make low risk trades until they feel more comfortable.
Short-term Trades
Olymp Trade focuses on short-term trades. These positions could be held as short as Just a few seconds to three hours. System allows traders to decide on a specific expiration time. This gives users with additional hold over their trade. They may also cancel a losing trade at any time. These unique features permit beginning traders to get their grip.
Free Demo
Together with training materials, Olymp Trade offers free practice accounts. Whenever you register, you obtain entry to 10,000 virtual coins to learn around with. In this way, you don’t risk losing any of your a real income to get on the learning curve. The demo account is also a valuable feature for experienced traders to get a sense of the interface. You can observe if it’s right for you while not having to invest real currency.
Kinds of Accounts
As soon as the initial demo account, there are two different options for accounts. You can try these out an individual will be able to start investing real money.
Standard
To open up a typical account, you have to deposit at least $10. Yes, this is the very low minimum. Investors can trade at the very least $1 plus a maximum of $2,000. The minimum amount for withdrawal is $10, and there is no maximum. You are able to only make one withdrawal for day. Withdrawals take around 3 days to process.
VIP
To become entitled to a VIP account, you have to deposit a minimum of $2,000. This account provides additional benefits the typical account won’t offer. The VIP account ups your maximum trading add up to $5,000. Another huge benefit is use of a VIP consultant. VIP consultants are leading, experienced financial analysts. And also this opens the door to additional tools to assist in your education and understanding of trading.
Security and Regulation
Prior to buying a options broker, your main concerns should be their security. You must never invest your hard earned money using a site that you usually do not feel safe. In February of 2016, Olymp Trade became an A-recognized person in the International Financial Commision (FinaCom). FinaCom is surely an organization that secures investors. When you use a platform secured by FinaCom, any unlawful acts are addressed by as much as $20,000.
It’s also crucial that you try to find well-established platforms. Olymp Trade has around 25,000 people trading daily and 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 might find the amount of assets limiting. However, it can be convenient rather than overwhelming for all those getting their feet wet in the arena of trading. It really is your responsibility in order to focus on an individual asset or choose an entire number 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 following methods:
• Credit and debit cards
• Bank wire transfer
• E-payments like Skrill and Neteller
• Cryptocurrency like Bitcoin
Depositing is free without extra charges, with all the minimum deposit being $10. As a result your website easy to get to to every one along with a starting point for beginners. Funds deposit relatively fast, but wire transfers take longer than other methods. Cryptocurrency tends to deposit the fastest.
Withdrawals
The maximum withdrawal amount depends upon whether you use a VIP or standard account, with all the minimum always remaining at $10. Your funds will go back to whatever payment method you employed to deposit the bucks. Both standard and VIP members enjoy fast withdrawal processing times. Withdrawals take Twenty four hours to three days for traditional investors. It takes merely several hours for VIP investors.
Negative Complaints
Some negative Olymp Trade reviews claimed issues with withdrawing their funds. Many of these issues may be resolved if you make sure your is fully verified. This simply involves having your required personal information on file. The subsequent steps must verify your money and begin receiving payouts.
1. Uploading photo identification from an ID or passport. The photo have to be from your shoulders up and completely visible.
2. If you use a credit or debit card, you need to scan the card you will be using. The name, first 6 and last 4 digits must be visible. You only need to upload the leading with the card not a corner.
3. If you are using an electronic wallet (ex. Skrill), an image of one’s digital camera purse is essential.
Trade Types and Payouts
A lot of companies offer Six or seven trading options for example one touch, long-term, ladders, and call/put options. Olymp Trade only offers high/low trading. High/low trading expiry times are limited with a more One day and therefore are suitable for beginner traders. Standard investors have 82% successful trade payout while VIP investors have 92%.
Customer care
Customer support is accessible 24/7 via email, live chat, or phone. Having a VIP account, your customer service experience is much more phenomenal. To some extent, the reason being Olymp Trade is maintained by FinaCom. Should they don’t resolve a concern after 14 days, you are able to file a dispute with FinaCom. Customer care is normally fast to eliminate any challenges before it grows to this point.
Olymp Trade Review Conclusion – Final Thoughts
Experienced investors could possibly be disappointed with all the insufficient assets and trading options. However, Olymp Trade could still be a convenient choice for someone looking for binary trading with mobile options. The interface is made with first time traders at heart, slacking to produce education and an immersive demo. The limited options can make it less intimidating for freshies to leap into trading. Also the uncluttered, simple design and low deposit requirements make it a beautiful selection for anyone seeking to get into trading.
To get more information about Open account Olymp Trade just go to our site.