Olymp Trade Forex Broker Review

By | May 12, 2024

Olymp Trade is a member of the International Financial Commission and the website belongs to and is managed by Saledo Global LLC.

 

Saledo Global LLC is registered and operates under the jurisdiction of Saint Vincent and the Grenadines.

You can trade Commodities, Stocks, Indices, ETF, Currencies, OTC and digital assets (crypto) using the Olymp Trade platform.

Download Career guide best book>>>

Karkirdi Margadarshan 2024 Click Here

અહીંથી આકર્ષક પીડીએફ ડાઉનલોડ કરો

The leverage available is up to 500 times.

Olymp Trade also offers innovative “Fixed Time Trading” (FTT) where you profit by forecasting currency exchange rates.

Karkirdi Margadarshan 2024 Click Here

 

In fixed-time trading, you make forecasts as to whether the price of an asset will rise or fall over a certain period of time. If your forecast is correct, then you get a profit of up to 90% of the trade amount.

You have the flexibility to choose the trade time and set the trade amount as per your trading convenience.

The partner companies for the Olymp Trade are

 

  • VISEPOINT LIMITED; registration No. C 94716, VICTORIA (GOZO) VCT 2604, Country MALTA
  • WALLFORT LIMITED; registration No. HE364695, Limassol, Cyprus

What I Like 

  • Trading assets include Cryptos and other instruments
  • Innovative Fixed Time Trading
  • Demo practice account
  • Trading guides, webinars, interactive course & Insights

What I Didn’t Like 

  • Inactivity commission of $10 per month
  • At times commission on forex trades can differ
  • Leverage of 1:500

Olymp Trade is a popular online trading platform that offers users the opportunity to trade in various financial markets such as stocks, currencies, and commodities. With its user-friendly interface and attractive features, it has gained a significant following among traders around the world. However, with the rise of online scams and fraudulent activities, many people are skeptical about the trustworthiness of this platform. In this article, we will delve into the question – Is Olymp Trade trusted or not? We will explore the platform’s features, security measures, and customer reviews to provide you with an unbiased answer.

Introduction to Olymp Trade

Olymp Trade was launched in 2014 and is owned by Smartex International Ltd., a company registered in St. Vincent and the Grenadines. The platform is regulated by the International Financial Commission (IFC), which ensures that it adheres to strict financial and ethical standards. It boasts over 25 million registered users from more than 165 countries, making it one of the most popular trading platforms in the world.

How to Use Olymp Trade: A Step-by-Step Guide

To start trading on Olymp Trade, follow these simple steps:

Step 1: Create an Account

Visit the Olymp Trade website and click on the “Register” button. You will be prompted to enter your email address and create a password. Alternatively, you can sign up using your Google or Facebook account.

Step 2: Verify Your Account

Once you have created your account, you will need to verify your identity by providing a valid government-issued ID and proof of address. This is a standard procedure for all regulated trading platforms and is done to prevent money laundering and other illegal activities.

Step 3: Make a Deposit

To start trading, you will need to fund your account. Olymp Trade accepts various payment methods, including credit/debit cards, e-wallets, and bank transfers. The minimum deposit amount is $10, making it accessible to traders of all levels.

Step 4: Choose an Asset

Olymp Trade offers a wide range of assets for trading, including stocks, currencies, commodities, and cryptocurrencies. You can choose the asset you want to trade by clicking on the “Assets” tab on the platform’s main menu.

Step 5: Place a Trade

Once you have selected your preferred asset, you can place a trade by selecting the amount you want to invest and the direction of the trade (up or down). You can also set a stop loss and take profit level to manage your risk.

Leave a Reply

Your email address will not be published. Required fields are marked *