Olymp Trade India: Is it a good trading platform? Review 2023

Olymp Trade limits the number of customers to one account per person. Online Contact Form – Use an online contact form on the support page. Live Chat – Click on the green Open Chat button on the support page to instantly connect with a customer support agent. They have to choose the amount they would like to trade as their profits depend a great deal on the investment amount. They can make as much as 100% profits on a trade.

I really think they only have one or two true competitors on the market. But my intuition leads me to OLymp trade so here I am and have nothing to complain about. Olymp Trade is a deserved market leader that has done a lot to take such a high position. The company has a very good support service, which works to solve any problems. Also here is convenient trading platform that combines simplicity and functionality and has a lot of indicators. I can say that I’m fully satisfied with this broker and I have no complaints.

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. Traders and interested students of investing can watch live stream on Facebook, or join webinars that are hosted on YouTube. With the use of the platform and the availability of massive educational resources, we can say that the Olymp Trade is a helpful platform for all types of investors.

Anyway, there are more features like educational sector which is very helpful if you have some questions. Perhaps there are other brokers with similar conditions, but I haven’t met such. Well, where else can you get a bonus without conditions on profits withdrawal?

How do I know I can trust these reviews about Olymp Trade?

Trading CFDs carries a risk of losing money due to leverage. 78.6%of retail investor accounts lose money when trading CFDs. I’ve seen a lot of reviews about Olymp Trade in the Internet. I have no reason to suspect their authors of slyness.

Each trade made at Olymp Trade is insured for $20,000 and all the deposits are maintained in a separate account at a European Bank. At the time of writing, Olymp Trade has 370,000 active traders. The trading environment is transparent as you can view quote history for any asset available on the Olymp Trade platform. However, if you still find there is an issue, Olymp Trade provides customer services that appear to act quickly. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

How to Deposit Money in Olymp Trade from India?

Consider each https://forexhero.info/ carefully because you want to ensure your money is working efficiently for you. The online broker has won multiple industry awards such as the Forex Awards’ and the Le Fonti’s Best Trading Platform Awards . OlympTrade has a minimum trade size requirement of $/€1. Customer support is available 24/7 and clients can either call two hotlines, send an e-mail or open a chat client. Most questions are already answered in the blog or the FAQ section.

• You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.
• These units can be traded to evaluate the platform’s functionality and reap its key benefits.
• But as far as our experience is concerned, most brokers manipulate orders intentionally at various times of the day.
• Traders will need to predict the price of an option by the expiration time in order to earn a profit.
• Traders at the Advanced and Starter statuses can win risk-free trades or receive them through special offers.
• Traders at the Expert status can obtain risk-free trades worth $25,000 for generating a specific trading volume or making deposits.

Recently, by offering fixed time trades, this broker has added Forex to its trading platform. People who are interested in Forex trading can benefit from their MetaTrader 4 platform; it offers a wide range of currency pairs for its users. I found Olymp Trade while browsing the internet in search of educational programs for trading. Many brokers say trading is easy and all you have to do is devote an hour a day to press buttons. OT consultants do lots of educational videos on how to trade both options and forex. There I’ve learnt how to use indicators, how to manage my open positions, why traders need pending orders.

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Fortunately, you can get started with a basic demo account at Olymp Trade. The trading platform also provides free training, so you can also take it as an opportunity to get trained. To withdraw your profits, you have to visit the withdrawal page from your dashboard, input the amount you wish to withdraw, and then click on submit request. The online trading platform says its processes payout requests fast, but usually, it takes up to five banking days.

Olymp Trade not only offers trading signals, but also shows traders how to use them. Olymp Trade has a nic variety of convenient account funding options including card payments, wire transfer, online payment processors and cryptocurrency. The broker does not charge deposit and withdrawal fees which is great but you may still be charged by your payment provider either side. The minimum withdrawal is $10 and withdrawals are usually processed within 24 hours. OlympTrade seems to be geared towards new traders who are interested in trading more as a hobby than a profession.

This type of account provides additional benefits when compared with a standard account. VIP account holders can make trades of up to $5000 and they are also offered VIP consultants. VIP consultants are financial analysts who have wide work experience and can provide valuable advice on exactly what trades to execute using the Olymp Trade strategy. This account holder is also offered additional trading Olymp Trade tricks, features, and tools that are not available for standard account users. Olymp Trade provides customers with a free demo account to test their platform.

We are so sorry that your experience did not match your expectations. We can assure you that we have listened and responded to every single case. Regarding your case, please leave us your ID account. We will make an investigation based on what you have claimed.

❔ How to register and trade with OLYMP TRADE

But what makes Olymp platform a reliable choice for many investors out there? There are a number of reasons why Olymp Trade is the choice platform of many informed and experienced investors out there. This brokerage offers trading bonuses, but there is no additional information about the conditions that need to be met to avail promotions or bonuses. This platform regularly provides their new traders with an Olymp Trade promo code; they can avail of deals and bonuses of up to 50%. This brokerage caters to traders in 194 countries and the platform’s user-friendly interface is supported in 13 languages.

Regarding the internet situation, the speed of the Internet connection should be more than 30 Mbps for the stable performance of the platform. We believe that knowledge plays an important role in trading. Olymp Trade offers education, tools, and assistance to make sure that our users have everything they need. The service offers a total of 252 educational resources, including trend indicators, webinars, and strategies.

The features and functionality offered respond to the needs of the customers, and most of these features will generally appeal to investors who are just starting out. Compared to other popular platforms in the market, Olymp Trade provides free registration, and all new members and investors are given 10,000 credits. The free credits can be used by the new member to try out the system and investing platform. Through the use of the demo account, customers can explore their trading skills and try out a few more strategies before trading for real money. The only thing an investor may notice is the absence of incentives.

This regulatory body olymp trade review legal assistance to resolve any issues and it can obtain a compensation of up to 20,000 Euros. It has a tool named “Profit Line” functionality which helps traders identify the break-even point per trade. It also offers a tool named “Adviser” that analyzes numerous indicators as per the trading strategies for its trading community. Since 2016, Olymp Trade has been a member of FinaCom even though this broker is not regulated in North America and Europe.

When it comes to the withdrawal of funds, the minimum amount that can be withdrawn is $10 with no set limit for the withdrawal. Withdrawals can take an average of 1 day, with a maximum waiting time of 3 days. As per several Olymp Trade reviews, it is one of the reliable and brokers that pays its customers. The trader needs to add a low minimum deposit of $10 where they can make a good profit through it. This broker provides an app that can be used on tablets or smartphones that has a stable internet connection; it is available for IOS and Android devices. This app can be easily downloaded from the Google Play Store or Apple app store directly.

We offer not only trading signals by also analysis. The demo account allows you to practice and test signals or strategies before applying it on the real account. To conclude, we can say that the Olymp Trade platform is one of the best brokers that provide its own trading platform that is simple and easy to use.

The trade platform offers a demo account that is available for new traders with $10,000 virtual cash. The traders can successfully practice with the demo account and try different trade strategies before they proceed with Live trading by using real money. As per our Olymp Trade review, every day more than 25,000 users are trading on the Olymp Trade platform. It has more than $171 million in monthly turnover. All investments involve risks including possible loss of principal. Forex, binary options and cryptocurrencies are highly speculative assets.

With Olymp there is only one way to lose money – make silly trades. In any case, this is a free choice of an individual whether he or she wants to invest time in self-education or not. If you don’t want to learn how to trade and do so with profits, if you prefer gambling to trading, than no doubtful and highly suspicious service can help you get your money back. Making deposits and withdrawals is free of charge at Olymp Trade as the online broker absorbs all commissions. However, the online broker charges a commission of $10 or its equivalent in other currencies if traders fail to make any trades for 180 days.

Platform recognizes traders that stick with them. Amature traders may achieve advanced and expert status. Each tier comes with its own privileges; for instance, starters may only make trades worth up to $2,000.