Olymp Trade is a broker that offers a wide range of trading tools and advantages. This broker is a good choice for both new and seasoned traders. On the OlympTrade platform, you may trade with both demo and real money, and there are numerous tools to help you evaluate and refine your trading strategy.
This essay will explain the advantages and disadvantages of working with this brokerage firm.
This essay will explain the advantages and disadvantages of working with this brokerage firm.
What is Olymp Trade?
Olymp Trade is a trading and investment platform that accepts and serves clients from all over the world. Since its debut in 2014, over 340 thousand traders have registered on the Olymp Trade website, and more than $ 20 million in profits has been paid to them.
Trading on the trading platform offers the opportunity to earn and receive up to 92 percent of profits from a single transaction if the price of a trading instrument is correctly predicted to increase or decrease by the platform. Olymp Trade is a trading and investing platform that accepts and serves customers from all over the world. Since its debut in 2014, over 340 thousand traders have registered on the Olymp Trade website, and more than $ 20 million in profits has been paid to them. Trading on the trading platform allows you to earn and get up to 92 percent of the profits from a single transaction if the platform correctly predicts the price of a trading instrument to rise or fall.
Many Malaysian businesses choose the brand Olymp Trade. It is a trading platform that offers a fantastic opportunity for those seeking to augment their income in the financial market.
Trading on the trading platform offers the opportunity to earn and receive up to 92 percent of profits from a single transaction if the price of a trading instrument is correctly predicted to increase or decrease by the platform. Olymp Trade is a trading and investing platform that accepts and serves customers from all over the world. Since its debut in 2014, over 340 thousand traders have registered on the Olymp Trade website, and more than $ 20 million in profits has been paid to them. Trading on the trading platform allows you to earn and get up to 92 percent of the profits from a single transaction if the platform correctly predicts the price of a trading instrument to rise or fall.
Many Malaysian businesses choose the brand Olymp Trade. It is a trading platform that offers a fantastic opportunity for those seeking to augment their income in the financial market.
Olymp Trade Pros and Cons
Pros
OlympTrade offers many advantages, the most notable of which are:
- The low account opening threshold of $ 10;
- A platform with a high-speed trading system;
- The minimum amount of investment — $ 1;
- The possibility of training on free demo accounts;
- An embedded interface element from the global financial portal Investing.com;
- The availability of a modern mobile application.
Cons
In addition to its advantages, the business Olymp Trade has certain disadvantages:
In addition to its advantages, the business Olymp Trade has certain disadvantages:
- There are no binary assets with a lengthy holding period;
- Personal manager services are only accessible to VIP account holders;
- The European regulator CySec's certificate is missing.
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Is Olymp Trade Malaysia safe or a scam?
Olymp Trade is a brand held by the London-based global commercial company Optima Capital Ltd. It is the most well-known and successful of the organization’s efforts, and as a consequence, it has effectively established itself in the marketplace. The Masterforex-V ranking system places the company among the top binary options brokers. Olymp Trade is a fully regulated and legal company located in the United Kingdom. Since 2016, the International Finance Commission (IFC) has regulated the broker "Olymp Trade." We know from past experience that this regulatory agency supervises a wide range of Forex Brokers. Olymp Trade is classified as Category "A," which offers customers with extra advantages and protection.
The Financial Commission guarantees up to 20,000 € in compensation under Category "A." Traders' funds are safeguarded in the event of mistakes, broker or bank collapse. Every trader should get in touch with the Financial Commission. If you have any difficulties, please contact the broker.
Violations of the certificate’s regulations result in loss of the license. The regulator also checks the broker’s transaction execution. The IFC workers complete around 5,000 orders. As a trader, you may be confident in Olymp Trade’s IFC-certified best execution.
The IFC has offices in Hong Kong and London. It is an international authority for international brokers, apart from national regulating agencies. We believe it is a reliable regulator and that Olymp Trade is not involved. Overall, Olymp Trade is a genuine, regulated business.
Violations of the certificate’s regulations result in loss of the license. The regulator also checks the broker’s transaction execution. The IFC workers complete around 5,000 orders. As a trader, you may be confident in Olymp Trade’s IFC-certified best execution.
The IFC has offices in Hong Kong and London. It is an international authority for international brokers, apart from national regulating agencies. We believe it is a reliable regulator and that Olymp Trade is not involved. Overall, Olymp Trade is a genuine, regulated business.
Olymp Trade demo account
Olymp Trade Malaysia offers a risk-free, unlimited trial account. There is no need to make a monetary deposit to use this account using any deposit methods. The demo account is a simulated account with fictitious money. Traders may use the platform to test new techniques and markets without risk. It assists you in learning the software.
The demo account has a $10,000 balance, and you may move between demo and real accounts with a single click. As shown in the preceding picture. The demo account is also unrestricted. If you lose money, you may deposit it into the account as virtual money.
We recommend that all users first try out the demo account. Before you deposit real money, you should familiarize yourself with the trading platform and the financial products. A sample account is an excellent way to learn how to trade online.
The demo account has a $10,000 balance, and you may move between demo and real accounts with a single click. As shown in the preceding picture. The demo account is also unrestricted. If you lose money, you may deposit it into the account as virtual money.
We recommend that all users first try out the demo account. Before you deposit real money, you should familiarize yourself with the trading platform and the financial products. A sample account is an excellent way to learn how to trade online.
Olymp Trade account types
Instead of providing traditional account kinds, Olymp Trade takes a fresh approach that is dynamic and appealing to a wide range of traders. There are three account types or account statuses available. Each has its own set of characteristics and advantages.
The higher the account, or status, the greater the benefits for traders.
The higher the account, or status, the greater the benefits for traders.
Olymp Trade Account Benefits
Starter Account
Traders that utilize this account may anticipate some of the following features:
- A minimum deposit of $ 10 is required, with a maximum amount of $ 2,000.
- A rate of return of up to 82 percent or higher.
- A maximum transaction of $ 2,000 is permitted.
- There may be a maximum of 10 to 100 available jobs.
- You have access to ten indicators.
- You get access to a single sound bundle.
- Individual instruction is available.
- Gaining access to trading signals.
- Withdrawals from standard funds may take up to two working days.
Advanced Account
Traders that utilize this account may anticipate some of the following features:
- A $ 500 deposit is required.
- A rate of return of up to and above 85%.
- A maximum transaction of $ 3,000 is permitted.
- A maximum of 20 to 100 open jobs are permitted.
- Commissions of up to 13.5 percent are possible.
- Withdrawals were processed in one business day.
- Stop-loss is behind.
- Basic trading signals are available.
- You will get access to one Expert Advisor.
- Basic schooling is available.
- Access to 6 to 7 distinct tactics.
- One monthly appointment with a personal analyst.
- You will get access to 1 indicators as well as unique resources.
- Every week, there will be one specialty webinar.
- You have access to two sound packages.
Expert Account
Traders that utilize this account may anticipate some of the following features:
- A $ 2,000 deposit is required.
- A rate of return of up to 92 percent or higher.
- Commissions of up to 20% are available.
- Withdrawals are made within an hour.
- Only on the initial deposit can you make risk-free transactions worth up to 5% of your investment.
- The maximum transaction is $ 5,000.
- A maximum of 30 to 100 open jobs are permitted.
- Stop-loss is behind.
- Basic trading signals are available.
- Three Expert Advisors are available to you.
- Basic and private schooling is available.
- Access to 12 to 15 distinct tactics.
- Four monthly meetings with a personal analyst.
- You will get access to 14 indicators as well as unique resources.
- Three specialized webinars are held each week.
- You have access to three different sound packages.
- Special information and unique trading ideas are available.
Leverage
One of the most important factors that attracts traders is the availability of leverage. You'll probably like utilizing Olymp Trade, which provides leverage of up to 1:400 if this is something that interests you as well.
However, it also changes depending on the kind of instrument you choose to trade with. Take, for example, that you may discover 1:30 fixed leverage across major forex pairs, while the leverage on smaller forex pairs is about 1:200.
However, it also changes depending on the kind of instrument you choose to trade with. Take, for example, that you may discover 1:30 fixed leverage across major forex pairs, while the leverage on smaller forex pairs is about 1:200.
If you are a novice trader, it is recommended to skip this section if you haven't yet understood the critical knowledge about leverage.
Account opening
To create an account with Olymp Trade, please follow the instructions below. According to our experience, it is extremely simple to get access to the trading platform and begin trading. This section will walk you through the process step by step.
First and foremost, you must register on the broker's website or through the registration form below. After entering your personal information, you will be able to access the trading site. Olymp Trade enables you to utilize the platform for free in a demo account or for real money with a payment of $10. You may trade with real money without completing a complete account verification. We suggest starting with it.
After you join up, you must complete your account information (see the picture below). That is, you validate your email address and phone number. It is critical to utilize genuine data since the broker may demand further documentation for verification. After you login account, you may begin trading on the site.
First and foremost, you must register on the broker's website or through the registration form below. After entering your personal information, you will be able to access the trading site. Olymp Trade enables you to utilize the platform for free in a demo account or for real money with a payment of $10. You may trade with real money without completing a complete account verification. We suggest starting with it.
After you join up, you must complete your account information (see the picture below). That is, you validate your email address and phone number. It is critical to utilize genuine data since the broker may demand further documentation for verification. After you login account, you may begin trading on the site.
Step-by-step instructions for opening an account:
- Sign up for Olymp Trade using the form
- Verify your email address
- Verify your phone number
- Complete your account profile
- Begin trading
Fees
There are no costs associated with either the deposit or withdrawal of funds. When compared to other Forex brokers, this is a significant benefit. You have the ability to conduct an infinite number of money transactions at no charge. Aside from that, there are no costs associated with options trading. Trading commissions are only charged when you trade forex, and only when you open an order.
In the case of an inactive account, an inactivity fee may be charged. When you have not traded for 180 days, you will be charged a service fee of $ 10. This fee is only charged if you have money in your account balance at the time. To avoid paying the service charge, you must complete at least one transaction within 180 days.
In the case of an inactive account, an inactivity fee may be charged. When you have not traded for 180 days, you will be charged a service fee of $ 10. This fee is only charged if you have money in your account balance at the time. To avoid paying the service charge, you must complete at least one transaction within 180 days.
Instruments
Options are traded on a variety of assets, including currencies, cryptocurrencies, commodities, stocks, and indices.
On the broker’s trading platform, there are five different kinds of trading classes to choose from. There are approximately 70 asset instruments available for purchase under these categories.
Traders may make trades that last anywhere between 60 seconds and three hours. Depending on the trading hours, the assets will be available for purchase. The payout ratio is determined by the assets traded.
The payout ratio for regular traders is 82 percent, which is the highest in the industry. On their site, you can discover comprehensive information on each asset.
Traders may make trades that last anywhere between 60 seconds and three hours. Depending on the trading hours, the assets will be available for purchase. The payout ratio is determined by the assets traded.
The payout ratio for regular traders is 82 percent, which is the highest in the industry. On their site, you can discover comprehensive information on each asset.
Trading Platform
The platform is versatile and provides access to a wide variety of various marketplaces and assets to customers. The program is accessible for use on any platform. That means you may do business using your PC, smartphone, or tablet device.
According to our observations, the platform is simple to use and comprehend. Because all features are clearly shown in the program, you will be able to trade in a matter of minutes after installing it. In addition to webinars, techniques, tutorials, and videos, Olymp Trade also has an education section where you can learn more about trading. Overall, it is one of the most user-friendly trading systems available to traders. Continue reading to gain a more in-depth understanding of how it works.
Almost every feature on the site may be accessed with fewer than three clicks. It is a fairly straightforward platform, and all of the features are accessible on both mobile (through an App) and desktop Windows platforms.
According to our observations, the platform is simple to use and comprehend. Because all features are clearly shown in the program, you will be able to trade in a matter of minutes after installing it. In addition to webinars, techniques, tutorials, and videos, Olymp Trade also has an education section where you can learn more about trading. Overall, it is one of the most user-friendly trading systems available to traders. Continue reading to gain a more in-depth understanding of how it works.
Almost every feature on the site may be accessed with fewer than three clicks. It is a fairly straightforward platform, and all of the features are accessible on both mobile (through an App) and desktop Windows platforms.
The following are some of the benefits of the Olymp Trade software:
A user-friendly and versatile interface.
Customizable.
Uncomplicated to comprehend.
A well-defined platform.
Any device may access this service.
There are many indicators and analytic tools available.
What kinds of things can you trade on the platform? — Offers to business people.
On the site, traders may trade options as well as FX. These are two distinct financial instruments, which we will go over in more depth in the next section. You may make investments in these financial products in over 200 different marketplaces across the world. There are a variety of options, including currencies, cryptocurrencies, stocks, ETFs, and indexes.
On the site, traders may trade options as well as FX. These are two distinct financial instruments, which we will go over in more depth in the next section. You may make investments in these financial products in over 200 different marketplaces across the world. There are a variety of options, including currencies, cryptocurrencies, stocks, ETFs, and indexes.
You may choose whatever market you wish to visit from the menu. Within 24 hours, you will notice a difference in the rate of return as well as the amount of money returned. In addition, it is possible to store preferred items. Trades with a set rate of return (yield) may provide returns of up to 92%+ in certain cases. It is critical to understand when your asset’s normal trading hours are since the yield will be greater during those hours.
The site is available 24 hours a day, seven days a week, and it is possible to trade over-the-counter assets or cryptocurrencies on weekends. Surprisingly, there are a large number of various cryptocurrency assets available on the site. Because the volatility of these assets is very high, traders stand to earn a substantial profit.
To summarize, whether you are looking for short-term or long-term investments, you have arrived at the correct website in every way. Olymp Trade provides traders with access to every market and financial product that they may need in order to earn a profit.
Traders may take advantage of the following offers:
- More than 200 distinct marketplaces are available.
- Trade FX as well as fixed-time transactions on a single trading platform.
- Yields of up to 92 percent and higher are possible.
- Trades that are both long-term and short-term
- Currencies, cryptocurrencies, indices, commodities, stocks, and exchange-traded funds (ETFs) are all examples of financial instruments.
- Trading is available around the clock.
Customer Support
Customer service is accessible through email, live chat, and phone at all hours of the day. Your customer service experience will be even more exceptional if you have a VIP account. The fact that Olymp Trade is sponsored by FinaCom has contributed to this. If they are unable to address your problem within 14 days, you may submit a dispute with FinaCom. Customer support typically responds quickly to address any problems that arise before they reach this stage.
FAQ
1
Is Olymp Trade legit?
Olymp Trade is an internet broker that is legitimate and trustworthy. You may make an investment by taking advantage of the most favorable forex and options trading circumstances.
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2
Is Olymp Trade real or fake?
Olymp Trade is not a fake. It is absolutely real with actual address, actual website, platforms and clients.
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Conclusion
It is possible that experienced investors may be frustrated by the paucity of assets and trading opportunities. If you are looking for online trading with mobile capabilities, however, Olymp Trade may still be a convenient option for your needs. The interface has been created with novice traders in mind, and effort has been taken to produce instructional materials as well as an immersive demo. New traders may find it less intimidating to enter the market because of the limited number of options available. Additionally, the uncluttered, simple design, as well as the low deposit requirements, make it an appealing option for anyone interested in getting into trading.
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