Olymp Trade Review 2023

What is Olymp Trade Platform or App?

The Olymp Trade platform is the best online trading platform that has served customers since 2014. Compared to other investment platforms on the market, such as Binomo’s, Olymp Trade is a tailor-made platform for experienced programmers, traders, and financial analysts.

Olymp Trade is one of the most popular online trading brokers in the industry, with over 25,000 customers trading on its platform. Olymp Trade has won numerous awards over the years, including the Best Financial Broker at the CPA Life Awards 2017 and the Best Option Trading Platform at Fonti 2016, Best Option Broker at the 2016 Forex Expo and Fastest Growing Brokers at ShowFX World 2016. If Olymp Trade cheats its traders, traders can receive up to 20,000 Euros from the International Financial Commission.

How to create an account

New traders can create an account and make a deposit for a free demo of the trading platform. One-click trading is also available, which is unique to the Olymp trading platform and can be switched to the demo with a few clicks. Mobile trading on the platform is available through the demo account, but the list of countries by country does not work for long, so you might have trouble using the demo without a live account.

Commodities and Assets

Olymp Trade gives you access to different markets, including large-company stocks, various major indices, currency pairs, and commodities. Olymp Trade is a fantastic trading platform for learning and perfect for those who want to experiment with established trading practices and strategies. You can share your trading experience with the company by leaving a comment below this review.

Olymp Trade License

The International Financial Commission (FINACOM) is a respected organization, but it is a self-regulatory organisation that does not guarantee the security of the trading environment, does not regulate the daily operations of Olymp Trade and does not provide the necessary protection to customers. Companies must operate under proper licences from industry authorities (FCA in the UK and ASIC in Australia) to protect their customers and provide service providers with the necessary rules for user convenience as they invest. In summary, it is the most reliable broker for digital options and forex trading.

Our dealers have an exclusive status that allows them to trade at special rates without consulting a personal manager. Financial regulation and company registration show me that Olymp Trade is a legal and legal online broker. The regulator is the IFC (International Authority of International Brokers), which is slightly different from the country’s regulator.

SmartEx International Ltd., a company providing Options Trading Services Registered in St. Vincent and the Grenadines has received multiple awards and industry-wide recognition for its services and Options Trading Platform for rapid growth and innovation. Our platform has won 14 prestigious trading awards, including the Global Brand Award for Mobile Trading Platform in 2019 and Best Customer Service Broker. Olymp Trade is not regulated in Europe or North America although it has been a member of the Financial Commission (FINACOM) since 2016.

Trading with a broker is a form of regulation, but one that lacks oversight. As an independent regulator, Finacom has no role in providing certainty to traders against fraudulent brokers. To verify my trades, I checked over 5,000 orders to execute on a live Olymp Trade account to determine whether the broker and execution met the standards set.

Why Olymp Trade is unique from other platforms?

Compared to other brokers, Trade wants to offer traders more than just the only digital option. Brokers have become very popular in the country in recent years and we are getting more and more questions from Indian and Pakistani traders. The platform and its traders are pushing for a nasty Olymp trade and believe the price will stay the same.

Social media platforms such as Facebook and YouTube can also be used to the advantage of Olymp Trade, as they can be used to distribute educational materials and resources to Olymp Trade members.

The FPA itself recommends extreme caution when dealing with binary options companies. Many others have issued warnings and advised caution in dealing with binary options brokers. The Olymp trade is one of the best options available If you are looking for a binary broker that provides its clients with a variety of educational resources.

The fact that Olymp Trade is regulated by Finacom shows the efforts brokers will make to gain the trust of traders. Being a member of the regulator is a good indicator that it is a legal broker with fixed futures contracts.

In our experience, we know of many different Forex brokers that are regulated by the International Financial Commission. However, no platform is regulated by a financial commitment, which speaks to our transparency and credibility.

Minimum Deposit & Language

The platform is equipped with a multi-language education center, webinars, trading strategies, an integrated business calendar, a minimum deposit of $10, a free deposit demo, and a welcome pack.

Terms and Conditions

Olymp Trade terms and conditions documents mention bonuses, but the terms and percentages are not explained on its website. Most brokers have no limits on their bonuses and offer revenue and trading volumes. Hidden fees: Olymp Trade is one of the few brokers that charges fees for deposits and withdrawals.

Awards:

• Best Customer Support Support Broker Forex Brokers Award (FX Daily), 2020
• Best Customer Service Broker Global Brand Awards, 2019
• Best Mobile Trading Experience, Forex Brokers Award, 2019
• Best Trading Platform (Forex) in Asia, IAIR/ Le Fonti Awards,2018
• Fastest Growing Broker, Show Fx World, 2018
• Best Trading Platform TheForeX Awards, 2018
• Best Traders FB Community in Thailand Traders Fair, 2018
• Innovative Broker IAFT Awards, 2017
• Best Financial Broker CPA Life Awards, 2017
• Best Trading Platform Le Fonti, 2016

Support:

Support team always play a dominant role in every product/ service company.

Trading Platform:

Olymp Trade platform provides a user-friendly dashboard that has a very simple user interface that can be used by a technical or non-technical person both.

The dashboard has great functionalities like a real-time tracking system that helps members to track their trade performances live.

Assets and Markets:

Olymp Trade offers members a great opportunity to trade in multiple markets mentioned below:

1. Currencies
2. ETFs
3. Commodities
4. Stocks
5. Cryptocurrency and more.

Spreads & Commission:

The spreads offered by Olymp Trade are among the most affordable and attractive in the trading industry. The spreads start at 1.1 pips for a standard account, which is lower than many other brokers in the market. The pricing for stocks and cryptocurrencies varies according to the asset and can be seen live upon placing a trade on the platform.

Deposit Process:

There are various methods to deposit the money to your Olymp Trade account.

• Bank transfer
• Debit and Credit Card
• Cryptocurrency
• Skrill
• Neteller
• UPI (Only for India)

Most of the payments processed immediately however bank transfer or UPI (In India only) may take several hours.

Also, there is no commission on the deposit. However, your dedicated bank may charge you money transfer fees.

Withdrawal Process:

Most withdrawals are processed in real-time. However, some methods may take up to 3 business days. E.g. (UPI – India).

Note: Withdrawal is made via the same method used to deposit.

Account Type:

Demo Standard Account:

Each demo account comes with a $10,000.00 USD balance. You can use that balance to trade in your demo account. However, you can’t withdraw that amount.

Live Standard Account:

Once you deposit a minimum amount of $10 USD then your deposited amount will reflect in your Live/USD account.

Live VIP Account:

VIP account is only for those who want to deposit at least $2000 USD then only a VIP account will be provided to you. Once, you get a VIP account then you can place a trade of a maximum amount of $5000 USD which is an awesome account for experienced traders. VIP account comes with some additional training tools.

Benefits:

• Attractive spreads
• Leverages of up to 1:400
• Variety of payment methods available
• MT4 supported
• Beginner-friendly
• Supports multiple languages
• 77 assets to choose from
• Low minimum deposit amount ($10 USD only)
• Intuitive design
• User-friendly mobile app
• Profit ratio up to 500%

Drawbacks:

• Withdrawal problems for non-verified accounts
• Concerns over dubious regulation
• Bonuses with unclear terms
• Only two account types

Conclusion

One last point to consider before opening an account on the platform is the review of the terms and conditions of Olymp Trade. Brokers can offer you a free demo account to practice financial instruments that are unique to the trading platform. Make free deposits and withdrawals to Olymp Trade with an online broker and do not take any commission.

Olymp Trade Detailed Review with Withdrawal in Hindi

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