Olymp Trade is a trading platform established in the year 2014. It offers fixed-time trades, which is generally very rare in forex brokerage. It is part of an internationally recognized organization named as Financial Commission. It has a mobile application that has about 50 million installations. It has its offices in most of the countries around the world.
Olymp Trade is one of the famous trading platforms around the world. Novice and experts prefer it alike. Here’s a brief list of advantages of the broker.
This trading platform is not regulated, but Olymp Trade is a certified brokerage. Although this trading platform does not hold the license of strong financial services, it is part of the International Financial Commission. The Financial Commission is an internationally recognized broker that allows 20,000 EUR for its traders by letting them get full access to the resources and assistance they need. The trading platform enables its traders to enjoy forex trading opportunities under safe conditions.
Olymp Trade is certified by the world's best and well recognized financial organization, the financial commitment.
The Financial Commission is a very strict financial organization that mediates the problems of traders. Any broker-certified member of the International Financial Commission (IFC) has to provide a yearly report with transparency towards the financial commission and its traders. For the safety of its customers, Olymp Trade Company focuses on financial compensation of 20,000 EUR in case of traders becoming victims of any misconduct.
Olymp Trade also provides an annual report to the International Financial Commission (IFC) every year. This trading platform allows its investors to get assistance from the financial commission if any issue arises.
Leverage which is maximum in Olymp Trade for ECN and standard account increase till x500 it carries the meaning that if someone invests $1, it gives him $500 once his trade will be successful.
The trading platform Olymp Trade welcomes traders from South Africa, Singapore, Thailand, India, UAE, Kuwait, KSA, Luxemburg, Qatar, and many other countries.
Olymp Trade is unable to provide its financial services in the following countries that include: United States, Australia, Canada, France, Belgium, Austria, Japan, Denmark, Finland, Cyprus, Germany, Italy, Ireland, Italy, Latvia, Palestine, Netherlands, Norway, Portugal, New Zealand, Poland, Romania, Slovakia, Spain, Sweden, Switzerland, United Kingdom, and Russia.
This trading platform has relatively very low fees, uncommonly from the rest of the brokers in forex. Mostly in forex trading, brokers make a profit from their nontrading fees. That is the reason one should consider Olymp Trade because its costs are worth the service.
Olymp Trade offers its VIP account to traders who are very advanced in trading, and expert traders are preferred. Traders must deposit $2000 or equivalent to this through any currency to get an account to be live and utilized.
Olymp trade avails its standard account for its clients who want to trade casually and test a demo account. Most traders use standard accounts because it is for the clients from all perspectives.
Traders need to deposit $10 to open up their standard account. The minimum level for investors to make a trade is 1 pound, and the maximum is up to $2000. The minimum withdrawal amount is $10 with no maximum withdrawals. The region of spread is 1.1 pips for the standard account.
Olymp Trade platform gives various options to their clients to make a deposit. Traders can deposit their funds through various payment methods. These include visas and master cards. Boleto is an option available for Brazilian clients.
For clients who prefer e-wallet can apply through;
The minimum deposit on Olymp Trade is $10. That's why it provides services for all types of traders to achieve financial aims, and the same is the minimum withdrawal amount which is $10.
In Olymp trade, after completing deposits, traders can get their withdrawals to request in under three days, but this trading company tries their best to finish the transaction as fast as possible. The average time for standard accounts is 24 hours, but the average waiting time for VIP account holders is just a few hours.
To make a withdrawal minimum earning amount should be $10 without any maximum limit, and there is no withdrawal fee.
Olymp Trade does not charge a commission to their clients, and for all transaction fees, the company deals itself.
Software developers of Olymp Trade developed an in-house trading platform for Olymp Trade which is currently being used.
Android and iOS both can operate this trading platform as an application of mobile. This trading platform allows its clients to trade anywhere at any instance.
When it comes to trading strategies, this trading app behaves friendly. Olymp Trade has good client reviews and feedback. In financial markets, the Olymp
Trade Mobile application is considered to be the most trusted trading application.
This trading platform provides two types of trading orders.
For time orders, one can limit its orders for a specific period, and it will be executed automatically at the time which is being requested.
For price orders, one can place orders as per the price that he/she limited.
One will be able to view all of its past pending orders but will not activate alerts and notifications for his/her Olymp Trade. One also can have a glance at its past traders with their detailed report of trading. This platform helps traders predict the graph fluctuation with reasonable strategies.
There is a similarity between the Desktop trading platform and the Olymp Trade web trading platform, but at the same time, the Desktop trading platform needs to be downloaded from windows and macs.
Through Olymp Trade mobile application, one will be able to use its fingerprint to log into its trading account. Since it requires very advanced technology, this feature of fingerprint recognition is very rare in 8n trading platforms instead of not having a two-step login process. Fingerprint recognition is a good solution or alternative.
Olymp Trade provides the opportunity for its traders to trade in;
Olymp Trade availability of instrument fluctuation depending upon the residing of traders. It varies in client types of trades about leverage.
This trading service provider company has more than 25000 active users in both standard and VIP accounts. It is one of the most well-known brokers. Olymp Trade is one of the rare brokers that are well known on social media. This trading platform uses social media to educate traders and provide them with learning opportunities.
