Olymp Trade Launch Date
This will open a pop-up dialog box which will prompt you to enter your login details. There is no need to worry about hackers, as Olymp Trade offers you just the contracts for trading. So you do not have to store any cryptos in wallets that can be taken apart by hackers in minutes. No longer do you have to wait to profit only when you buy on an exchange. Avoid the complexities and risks of trading on crypto exchanges.
According to the company website and other sources, OLYMP TRADE traders have access to bonuses from 20% to 50% for making deposits. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.
OlympTrade seems to be geared towards new traders who are interested in trading more as a hobby than a profession. The website lists the average trade size for the “last month” as $4.7 with 37,990,740 closed trades for a total trading volume of $171,236,104. This would leave the average trade size at $4.5. It does show that there appears to plenty of trading activity from the retail crowd.
He broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Truthfully, olymp trade for me became more than just a broker, y'all know... There are special communities devoted to olymp trade in facebook. I always chat in FB groups with traders and we discuss different things concerning trading and not only it actually. Join the community in various social networks, where you can receive additional knowledge from real traders who daily trade with olymp trade. One of the final items to consider when opening an account, regardless of the platform is to review the terms and conditions of the company.
According to user reviews, this broker is rated above average but caution is always recommended in the trading business. A Forex broker like OLYMP TRADE provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers.
If there is no trading activity for 180 days, the charge comes to $10 per month. If there are insufficient funds on the account, it will be closed. This broker charges a small amount for forex trading, which depends upon the fixed amounts, specification conditions, required multiplier, and the present market situation.
Our developers, financial experts, personal, and support managers are making every effort to make your trading more comfortable and profitable year after year. Traders from all over the world trust Olymp Trade. The platform interface is localized into 19 languages. Olymp Trade is a category A member of the Financial Commission , which confirms the company's reliability and the high quality of services.
Olymp introduced its own trading platform and it offers fast orders execution, there are only minor lags sometimes. The olymp trade review only disadvantage I can mention is that you can withdraw your profits only with the same method, you used to make a deposit. Olymp support team explained me that’s cause of security reasons, but sometimes it can be really inconvenient. On the other hand, the minimum deposit is 10 dollars, so you can make this deposit to add payment method to withdrawal options.
Olymp offers decent spreads and commissions policy and it doesn’t swallow all of your profits if they happen to occur. Everything works fine in demo, as soon as you go live everything turns to shit. Chart freezes, prices zoom the other way to impossible levels so you can never end in the money. In fact prices just zooms the other way and freezes moments after places the “trade”. I recommend that you start in the Olymp Trade education section in the platform. It is an additional application of Olymp Trade that focus on trading education in general.
I’m not sure why, but they are being treated like small children who are unable to take care of their own capital. So the government is saying them, you should only invest in our stock markets. No trading, no suspicious assets, no cryptocurrencies.