Trade

Olymp Trade Broker Review 2020

Olymp Trade Broker Review 2020

Olymp Trade Broker Review 2020

Olymp Trade started its journey in 2014 and now it has millions of traders trading daily around the globe. From the very beginning its goal is to make it available for everyone. The first version was an instant hit back in Eastern Europe and South-East Asia. Beginners also found it easy to use with demo account facility. From the earliest version, it has gone under huge improvising while the core idea is still the same. Olymptrade Broker is now offering to more than twelve languages in all region. Every seconds it executes around twenty trading orders. With a balanced combination of hefty features and pensive design, it is one of the easiest trading platform even for the beginners.

Olymp Trade Broker Review:

  1. Scam or Legit: It is a fully regulated website and regulations are easy to find in their website. It is certified by Financial Commission which also ensure that traders’ deposits are kept separate from the broker’s main fund. The policies are strict enough to ensure that if any trader faces trouble with the broker, legal assistance will be offered. The Olymp Trade Support System is very helpful. So, regarding any doubt or problem, it is the best to contact them first.
  2. Trading Platform:  Olymp Trade wiki mobile app is available in Google play store and is accessible with internet browser. The platform is adjustable according to the trader’s wish. In the main trading screen there are price chart, trade interface, active charts which are also in varieties and traders can choose as they like.
  3. Account types: Olymp Trade has mainly two types of accounts which are Standard account and VIP account. Standard account is designed for the beginners with minimum $10 deposit. VIP account provides extended features and privileges with minimum $2,000 deposit. It also offers demo account to the new traders which provides the learning process and a chance to trade without risking actual money. Accounts can be opened in different currencies like EUR, RUB, BRL, USD without currency conversion fees.
  4. Deposit and Withdrawal: It has wide range of payment options such as credit card, debit card, bank wire transfers, popular e-wallets etc. Withdrawals take 1-4 working days depending on the amount of payments.it does not charge any deposit or withdrawal fees.
  5. Bonus Policy: There are some interesting bonus policies while funding in this broker. It gives a 100% bonus on funding if it is deposited within an hour of opening an account. There are some terms and conditions to get the bonuses obviously.
  6. Education: Though it is not necessary but education before opening an account and starting to trade is really very helpful. Education has three parts which are strategies, indicators and webinars. It also has YouTube channel which provides videos in different languages.
  7. Customer Service: Olymp Trade has client support department which directly provides a contact number and an email address. It also has online chatting system. So, any doubt or problem can be solved by contacting with them directly which makes trading very easy.

Account Opening:

Anyone can open an account in Olymp Trade Broker following some easy steps:

  1. Signing up in Olymp Trade using a given form
  2. Verifying the email address
  3. Verifying the phone number
  4. Completing the account profile
  5. Starting to trade

Accepted Countries:

Every broker does not accept access from every countries but Olymp Trade is available in almost all the countries. It is very popular in India, Indonesia, Malaysia, Brazil, Nigeria etc. Many countries also have access with their own languages. However, right now this broker does not work on some western countries including USA because of their legal process regarding online trading.

Award Winning:

In a very short time this broker was noticed by many big financial companies and kept being awarded. In 2016, 2017, 2018 Olymp Trade got many awards like CPA Life Awards, Le Fonti, KROUFR Award, Forex Expo, IAFT Awards and many more. No doubt, it has proved itself as a trustworthy and successful broker.

Cons:

It is not a perfect trade broker yet as it has some disadvantages too. For example, it does not have any deal interval under one minute. It does not allow access from any European country. While living there or even travelling there, one cannot register in Olymp Trade.

To conclude, there are many online brokers in the internet which are totally scam. Finding a legit broker with the best opportunities is really hard. This article will help to take the right decision on using Olymp Trade.

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