Olymp Trade Review

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

But sometimes this binary options broker sometimes be trusted or are they merely a scam? Continue reading this article Olymp Trade review to learn reality.
Trading Platform
Olymp is simple to navigate and very user-friendly. The woking platform looks neat and organized, with links making it simple to find what you are looking 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 (both for Android and iOS)
Being able to access your trades everywhere you look with a phone app is very convenient. Many of the with the site focuses primarily on fast, short-term trades. Their mobile app is responsive and has the same capabilities from the desktop and web version. To put it differently, trading using their phones are certainly not getting left behind.
The Olymp Trade website is very straightforward, displaying exactly what you’ll want to track your trades and be successful. They present a definite, easy to understand trade chart on the main page. You can view the timing and amounts alongside the chart, rendering it an easy task to immediately understand. You can also modify the charts by choosing the kind of graph and color. On the base with the page, there is certainly information on open and closed trades along with a help chat. The look makes it easy for users to view only what they desire in the basic and clear presentation.
Countries and Availability
Olymp Trade isn’t supported in the us, Australia, Canada, EU, UK, Japan, or Israel. Olymp Trade can be an international broker service accessible in these regions:
• India
• Pakistan
• Middle East
• North Africa
• Latin America
• Southeast Asia
To suit the demands of their large international market Olymp Trade can be found in the following languages:
• English
• Spanish
• Arabic
• Chinese
• Thai
• Vietnamese
• Portuguese
• Malay
• Indonesian
• Hindi
Beginner Friendly

One of the most unique elements of Olymp Trade is its concentrate on education for beginner traders. These are adamant about trading not only being for professionals, but as an easy to get at income or hobby for anybody. Their free educational training concentrates on teaching strategy-based trading. They help familiarize users with the whole world of finance and ways to think as being a trader. Members get access to education in the form of:
• Interactive courses
• Strategies from experienced financial analysts
• Video tutorials and webinars
They even offer courses tailored towards experienced traders. More complex classes give attention to analyst webinars. These teach essentials like managing capital and trading approaches for the existing market.
Another feature of Olymp Trade that makes it accessible for beginners is low deposits. The minimum deposit is scheduled at $10, and also the minimum trade amount is $1. First time traders don’t need to bother about losing a large investment. They could make low risk trades until believe that more at ease.
Short Term Trades
Olymp Trade targets short-term trades. These positions might be held as short as 15 seconds to three hours. The platform allows traders to choose a unique expiration time. This provides users more control over their trade. They may also cancel a losing trade without notice. These unique features allow beginning traders to have their foot in the door.
Free Demo
As well as training materials, Olymp Trade offers free demo accounts. Once you register, you get access to 10,000 virtual coins to play around with. By doing this, you don’t risk losing many real cash whilst getting in the learning curve. The demo account is another valuable feature for experienced traders to acquire a sense of the interface. You can observe if it is right for you and never have to invest real currency.
Varieties of Accounts
Following your initial demo account, there are two different alternatives for accounts. You can attempt these out an individual will be ready to start investing actual money.

Standard
To open an ordinary account, you will need to deposit at the very least $10. Yes, this can be a very low minimum. Investors can trade at the very least $1 along with a more $2,000. The minimum amount for withdrawal is $10, and there is no maximum. You’ll be able to only make one withdrawal for day. Withdrawals take around 3 days to process.
VIP
To get eligible for a VIP account, you should deposit no less than $2,000. This account provides additional benefits the typical account will not offer. The VIP account ups your maximum trading figure to $5,000. Another huge benefit is use of a VIP consultant. VIP consultants are leading, experienced financial analysts. This too opens the door to additional tools to help in your education and comprehension of trading.
Security and Regulation
Before selecting a options broker, each of your main concerns should be their security. You must never invest your money using a site that you usually do not feel safe. In February of 2016, Olymp Trade became an A-recognized member of the International Financial Commision (FinaCom). FinaCom is an organization that secures investors. When you use a platform secured by FinaCom, any unlawful acts are covered by approximately $20,000.
Additionally it is vital that you search for well-established platforms. Olymp Trade has around 25,000 people trading every day plus 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 may find the quantity of assets limiting. However, it’s convenient instead of overwhelming for those getting their feet wet in the arena of trading. It really is up to you in order to concentrate on one particular asset or choose a complete 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 using the following methods:
• Credit and debit cards
• Bank wire transfer
• E-payments such as Skrill and Neteller
• Cryptocurrency such as Bitcoin
Depositing is free without any extra charges, with the minimum deposit being $10. As a result the web page easy to get to to every one as well as a good starting point for novices. Funds deposit relatively fast, but wire transfers take more time than other methods. Cryptocurrency is likely to deposit the easiest.
Withdrawals
The absolute maximum withdrawal amount depends upon whether you use a VIP or standard account, together with the minimum always remaining at $10. Your funds goes returning to whatever payment method you used to deposit the amount of money. Both standard and VIP members enjoy fast withdrawal processing times. Withdrawals take A day to 3 days for normal investors. It takes only some hours for VIP investors.
Negative Complaints
Some negative Olymp Trade reviews claimed difficulties with withdrawing their funds. These types of issues might be resolved if someone makes sure your account is fully verified. This simply involves having your entire required private information on file. The following steps are needed to verify your money and start receiving payouts.
1. Uploading photo identification from an ID or passport. The photo must be from your shoulders up and completely visible.
2. If you’re using a credit or debit card, you should scan the credit card you are using. The name, first 6 and last 4 digits must be visible. You only need to upload the front in the card not the rear.
3. If you use a digital wallet (ex. Skrill), an image of the digital camera purse is essential.
Trade Types and Payouts
Most companies offer 6 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 restricted to a maximum of Twenty four hours and are perfect for beginner traders. Standard investors have 82% successful trade payout while VIP investors have 92%.
Customer support
Customer service is accessible 24/7 via email, live chat, or phone. With a VIP account, your support experience is more phenomenal. In part, it is because Olymp Trade is backed up by FinaCom. When they don’t resolve a worry after 2 weeks, it is possible to file a dispute with FinaCom. Customer service is usually fast to solve any troubles before it extends to this aspect.
Olymp Trade Review Conclusion – Final Thoughts
Experienced investors might be disappointed with the lack of assets and trading options. However, Olymp Trade could nevertheless be a convenient selection for someone seeking binary trading with mobile options. The interface is designed with first time traders at heart, spending time to formulate education plus an immersive demo. The limited options makes it less intimidating for novices to jump into trading. Also the uncluttered, simple design and low deposit requirements help it become a stylish choice for anyone wanting to get into trading.

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