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Olymp Trade Platform Review: A Great Solution for Small Traders

by sniut 4 months ago in product review
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The Olymp Trade brokerage company was founded and licensed in April 2012. The company launched a mobile version and an app in 2013.

Olymp Trade Platform Review: A Great Solution for Small Traders
Photo by Jason Briscoe on Unsplash

Olymp Trade ..

There has been continued speculation as to whether or not Olymp Trade is a scam. As a Fixed Time Trading platform that is registered outside of the best known regulatory branches, it is an easy question to have. This article will answer your burning questions around whether or not Olymp Trade is a scam.

What is Olymp Trade?

Olymp Trade is a trading platform that allows traders to set Fixed Time Trading for currency pairs, commodities, stocks, indices, and cryptocurrencies. This means the platform allows traders to open a position predicting the price will go up or down. This is also known as Fixed Time Trading because a trader is typically only able to choose up or down. On Olymp Trades platform traders can also push, meaning they believe the price will remain the same.

The Olymp Trade brokerage company was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded Olymp Trade Academy and began providing binary options services to traders in March 2015. The company has over 10 awards including 3 international accolades. It is regulated by the International Financial Commission (IFC).

These benefits include a low-cost access to the market (deposits start from $10/ €10), guaranteed no-commission money withdrawal within 1-5 days, a full-featured demo account, 24-hour multilingual technical support and a comprehensive trading knowledge database.

Is Olymp Trade a Scam or Not?

Free Demo Money: Learn Without Risk

The icing on the cake for Olymp Trade is there Demo Account they provide to all users with $10,000 of play money to utilize while learning the ropes of trading. This feature is indispensable when investors are trying to get a feel for a new asset they are trading or practicing new trading strategies.

With the Demo Account, traders can improve and hone their skills risk free beforehand. If you run out of Demo Account money, you can replenish it back to the $10,000 level at any time. Once you feel like your ready to go live with your own investment, you can easily change from your demo account to your live account with a simple click from the drop down menu.

Get Started Today

Olymp Trade has so much upside and has reduced the risk of investing in the market that anyone looking for a solid platform need look any further. Setting up an account takes only several minutes, deposits and withdrawals are fast, and the tools for successful trading is at your fingertips.

There is no better time than the present to start trading.

18 Year-Old Becomes Richest Boy In India Making Money Online

Sai Reddy is now officially one of the richest 19-year olds in the Pune and the entire India, for that matter. The Pune native was playing on his smartphone last week when he discovered a popular new app called Olymp Trade.

He had recently downloaded it but hadn't played it yet.So, Sai opened the application and started playing with the demo account you get when registering for free.

In just 15 minutes he doubled his money, making more than his parents earn working hard the entire month.One week later, Olymp Trade binary options deposited 1200$ of Sai's earnings straight into his mother's bank account.Sai is the only son of Vihaan and Pari Reddy, a typical middle-class couple, both of whom are originally from Chennai.

Sai's mom taught him how to use a computer at the young age of 6 and ever since then, he had been hooked. When he's home, he can be found usually playing video games online or on Youtube. Their family did not appear to be the "stock trading" type though. That's why his father, Vihaan was shocked when Sai showed him his balance on his phone!Mr. Reddy tells us, "I was watching the game with my wife when all the sudden, I heard Sai yell out, 'Dad, Mom, I just made 120$ for us!' I thought he was talking about some game on his computer again.

By Jeremy Bezanger on Unsplash

I went into the bedroom to see what the fuss was all about and saw his trader account with graphs and numbers and most importantly with 130$ on it. And that was just in 15 minutes! I couldn't believe it at first; I thought it was some kind of a joke. But then Sai told me he was playing a popular new Olymp Trade binary options app he downloaded. For him it was just like a game. But he took that game seriously reading a lot about market signals and trading strategies on Internet.

Later on Sai had surprised us more and more with how much money one can made with binary options. 350$ a day and it's not where it really stops!"

IS OLYMP TRADE REGULATED?

Olymp Trade has A category membership of the Financial Commission, which proves beyond doubts the high quality of its services. Financial Commission members guarantee deposit insurance, instant resolution of various issues, and excellent support for all traders.

Only honest and reliable businesses that have repeatedly proved themselves capable of delivering high-quality services are eligible to become members of the Financial Commission. You can view Olymp Trade's Financial Commission membership certificate any time you please.

Please remember, that transactions with financial instruments offered by Olymptrade involve substantial risk and trading may be very risky.

FACTS AND FIGURES 2022

Here are some interesting facts and figures about Olymptrade:

Last month, the company paid traders $13,703,840 in winnings. The payout rate is increasing by an average of 7 percent every month.

Currently, Olymp Trade India has a community of over 25,000 active traders. Last month, 247,256 traders made trades on live accounts.

In March, 2022, the average trade size was $5.1 and the financial service closed more than 35,450,900 trades.

Last month's turnover was $179,229,000 (March, 2022).

In 2018, Olymp Trade won Le Fonti's Best Trading Platform Award, The Forex Awards' Best Trading Platform Award, and the Traders Fair's Best Traders FB Community in Thailand Award.

24/7 customer support is available in 8 languages (including Hindi) takes an average of 15 seconds to respond.

Here you can read about real user experience with Olymptrade trading platform.

HOW OLYMP TRADE WORKS

Olymptrade offers one of the most efficient trading methods that has proven to work on the majority of the trading platforms. This method enables the trader to make predictions on the different types of markets or assets available on the platform. If you choose to trade on currencies, you are simply required to click on the rise or fall direction to make your predictions. You will find a trading chart on the left side of your screen and several added features such as technical indicators and analysis.

Additionally, at the bottom of the screen, you will find a trading history that will enable you to have a quick overview of the market position with it first glimpse. Nonetheless, before you successfully conduct any trade, you need to be open an account. Whether it’s a demo account or a real account, you will have to log in and register as a member. So, how do you go about this?

By Maxim Hopman on Unsplash

HOW TO OPEN A DEMO ACCOUNT AND START TRADING

Before you decide to open an account at Olymp Trade, you should know that there are two types of account available. You can either choose to open a demo account or a standard account. Let’s take a peek and find out the main difference.

Demo account

Even the most professional player started as a beginner, right? Of course, a beginner at any new trading platform starts with a demo account. It is necessary to first register with a demo account and proceed to the real money account when you are fully equipped with the necessary trading skills. So, how do you open a demo account? Below is a step-by-step guide to help you through the registration process. Follow these steps to successfully attain a demo account at Olymp Trade.

Step #1 - Visit Olymp Trade’s official website.

Step #2 - Click “open a new account”.

Step #3 - Sign in as a member and confirm with your email address.

Step #4 - Confirm the terms and condition and choose the demo account to start trading.

You can utilize the given virtual money in your demo account for practice.

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