Olymp Trade Review

Olymp Trade is an online broker that is offering digital options and currency trading since 2014. This broker is regulated by the IFC and possesses over 25,000 traders using their platform everyday.

But can this binary options broker be trusted or are they only a scam? Continue reading this article Olymp Trade review to learn the reality.
Trading Platform
Olymp is simple to navigate and intensely user-friendly. The platform looks neat and organized, with links that make it no problem finding what you should want for. You can get Olymp Trade three different methods.
1. Their main website
2. A desktop application (available for both Windows and Mac)
3. Phone application (for both Android and iOS)
Being able to view your trades everywhere by way of a phone app is very convenient. This is particularly thinking about the site focuses on fast, short-term trades. Their mobile app is responsive and contains the identical capabilities of the desktop and web version. Put simply, trading from other phones aren’t missing out.
The Olymp Trade web site is very straightforward, showing you just what you need to track your trades and be successful. They present a clear, easy to understand trade chart for the main page. You can view the timing and amounts alongside the chart, which makes it very easy to immediately understand. It’s also possible to change the charts by choosing the sort of graph and color. On the base in the page, there is certainly facts about open and closed trades plus a help chat. The design makes it easy for users to view only what they really want in a easy and clear presentation.
Countries and Availability
Olymp Trade isn’t supported in the usa, Australia, Canada, EU, UK, Japan, or Israel. Olymp Trade is definitely an international broker service obtainable in these regions:
• India
• Pakistan
• Middle East
• North Africa
• Latin America
• Southeast Asia
To match the requirements 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 aspects of Olymp Trade is its focus on education for beginner traders. They’re adamant about trading not merely being for professionals, but because an easy to get at income or hobby for everyone. Their free educational training is targeted on teaching strategy-based trading. Help familiarize users with the whole world of finance and the way to think just like a trader. Members have accessibility to education by means of:
• Interactive courses
• Strategies from experienced financial analysts
• Video tutorials and webinars
They even can offer courses tailored towards experienced traders. Heightened classes give attention to analyst webinars. These teach essentials for example managing capital and trading strategies for the current market.
Another feature of Olymp Trade which makes it accessible for beginners is low deposits. The minimum deposit is set at $10, and the minimum trade amount is $1. Newbies do not have to be worried about losing a substantial investment. They can make low risk trades until they think much more comfortable.
Temporary Trades
Olymp Trade targets short-term trades. These positions may be held for as short as 15 seconds to 3 hours. The platform allows traders to select a particular expiration time. This provides users with additional hold over their trade. They can also cancel a losing trade whenever you want. These unique features allow beginning traders to get their grip.
Free Demo
As well as training materials, Olymp Trade offers free practise accounts. Once you register, you receive usage of 10,000 virtual coins to play around with. This way, that you do not risk losing any real cash to get on the learning curve. The demo account is a valuable feature for skilled traders to obtain a feel for the interface. You can observe if it’s good for you and never have to invest real currency.
Varieties of Accounts
As soon as the initial demo account, there’s two different choices for accounts. You can look at these out when you’re ready to start investing real money.

Standard
To spread out a typical account, you have to deposit at the very least $10. Yes, this can be a really low minimum. Investors can trade at the very least $1 as well as a maximum of $2,000. The minimum amount for withdrawal is $10, and there’s no maximum. It is possible to only make one withdrawal for day. Withdrawals take around 3 days to process.
VIP
To be qualified to receive a VIP account, you must deposit a minimum of $2,000. This account provides additional benefits the standard account won’t offer. The VIP account ups your maximum trading amount to $5,000. Another huge benefit is use of a VIP consultant. VIP consultants are leading, experienced financial analysts. And also this paves the way to additional tools to help in your education and comprehension of trading.
Security and Regulation
Prior to you buying a binary options broker, one of the main concerns ought to be their security. You must never invest your dollars having a site in places you don’t feel safe. In February of 2016, Olymp Trade became an A-recognized person in the International Financial Commision (FinaCom). FinaCom can be an organization that secures investors. When you use a platform secured by FinaCom, any unlawful acts are handled by as much as $20,000.
It’s also vital that you try to find well-established platforms. Olymp Trade has around 25,000 people trading every single day along with 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 Options Trading Platform – Le Fonti 2018
Assets
Experienced traders might discover the number of assets limiting. However, it is convenient and never overwhelming for anyone getting their feet wet in the world of trading. It’s your choice if you wish to give attention to a single asset or choose a full 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 using the following methods:
• Credit and atm cards
• Bank wire transfer
• E-payments including Skrill and Neteller
• Cryptocurrency for example Bitcoin
Depositing is free with no extra charges, with the minimum deposit being $10. This makes your website readily available to every one as well as a starting point for novices. Funds deposit relatively fast, but wire transfers take longer than other methods. Cryptocurrency will deposit the best.
Withdrawals
The utmost withdrawal amount depends on whether you have a VIP or standard account, together with the minimum always remaining at $10. Your funds go returning to whatever payment method you utilized to deposit the cash. Both standard and VIP members enjoy fast withdrawal processing times. Withdrawals take One day to three days for traditional investors. It will only take a few hours for VIP investors.
Negative Complaints
Some negative Olymp Trade reviews claimed difficulty with withdrawing their funds. Most of these issues may be resolved if you make sure your is fully verified. This simply involves having all your required information that is personal on record. These steps are required to verify your money and begin receiving payouts.
1. Uploading photo identification from an ID or passport. The photo should be from your shoulders up and completely visible.
2. If you are using a credit or debit card, you need to scan the credit card that you’ll be using. The name, first 6 and last 4 digits must be visible. You simply need to upload the leading of the card not the rear.
3. If you are using an electric wallet (ex. Skrill), images of your respective digital camera purse is required.
Trade Types and Payouts
A lot of companies offer 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 some maximum of A day and they are ideal for beginner traders. Standard investors have 82% successful trade payout while VIP investors have 92%.
Customer Service
Customer service is accessible 24/7 via email, live chat, or phone. With a VIP account, your customer care experience is a lot more phenomenal. Simply, it is because Olymp Trade is maintained by FinaCom. If they tend not to resolve a concern after Two weeks, you’ll be able to file a dispute with FinaCom. Customer care is generally fast to eliminate any issues before it grows to this point.
Olymp Trade Review Conclusion – Conclusions
Experienced investors may be disappointed with all the insufficient assets and trading options. However, Olymp Trade could nevertheless be an opportune option for someone trying to find binary trading with mobile options. The interface is made with first time traders in your mind, spending time to build up education and an immersive demo. The limited options will make it less intimidating for starters to leap into trading. And also the uncluttered, simple design and low deposit requirements allow it to be a nice-looking alternative for anyone thinking of getting into trading.

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