Olymp Trade

What is Olymp Trade? 

When you decide to devote your time to online asset trading or to make it your main income, the first thing you need to do is to choose a good dealing site. Olymp Trade is a contemporary online trading platform. It has been rapidly developing since its inception in 2014, offering trading services in financial markets. The platform used by traders has been developed by leading experts in the financial industry. Therefore, the simplicity and convenience of the interface is subject even to a beginner. The client base is constantly growing and has already reached 60 million registered users. So, let's take a closer look at what is Olymp Trade.

Awards 

During its work, the broker managed to receive 16 awards, including "Best Mobile Platform", "Best Broker for Investments", "Fast Growing Broker", etc.

Partnerships 

Olymp Trade, in addition to its core business, cooperates with reliable humanitarian organizations and volunteers on the ground to provide emergency assistance to victims of natural disasters, implement information and educational programs. In addition, the broker helps vulnerable communities overcome poverty and create conditions for healthy development.

Affiliates 

The opportunity for additional earnings appears for active participants in social networks who have many contacts and subscribers. Having understood the benefits that the Olymp Trade India affiliate program provides, any user will want to join this program. Income directly depends on the number of traders attracted by the participant. Broker Olymp Trade, whose Kingfin affiliate program is the best offer on the market, is ready to pay up to 60% of their profits.

Contact Details and Customer Support 

24/7 customer support with native speakers is offered for every trader:

• Customer service of the trading platform supports 14 languages, which are available on the broker's website and terminal. Just open the help center and ask your question in the chat.
• The company has official public pages in social networks, where you can find useful and necessary information for traders, as well as ask questions.
• You can also ask your question at support-en@olymptrade.com and get a response within 1 business day.

The services on the Website are provided and operated by Saledo Global LLC, registered at Kingstown, Saint Vincent and the Grenadines, which is fully licensed to operate under the laws of that country.

Regulations 

The Olymp Trade in India platform is certified by the International Financial Commission (FinaCom) and is its category A member. This guarantees insurance coverage of up to €20,000 for each transaction in the event that a dispute between a trader and a broker is resolved in favor of the former (under the conditions established by FinaCom). The company is actively developing and increasing its audience of traders. Olymptrade has been certified for the quality of execution of transactions according to the procedure approved by the independent service Verify My Trade (VMT).

The security of completed monetary transactions is monitored by an SSL certificate, in the event that money is received from a bank or credit cards, the 3D Secure system is used. Therefore, you can trade without fear!

Olymp Trade Options 

The variety of derivative financial instruments offered makes the platform attractive. Every trader has a unique style, different trading methods and different skills. To meet the needs of everyone, Olymp Trade offers to adapt the platform to your wishes. This makes trading easier and more enjoyable. Try it and find out now how Olymp Trade works.

Olymp Trade markets 

Traders can trade Fixed Time contracts. This is the standard High/Low trading method. To make a profit, you need to correctly predict where the price will go after the opening of the transaction.

The Forex trading type is also available on the broker's platform. The trader pays a commission for opening, and the amount of profit or loss depends on the price change. The transaction has no time limit: it is closed by the order of the trader or by resetting the balance. Forex contracts are used with x5 and x10 leverage.

Assets 

On the Olymp Trade platform, you will find a full range of trading assets that will satisfy any user among them:

• Currency pairs
• Cryptocurrency
• Stock
• Indices
• Commodities, etc. Try different assets and markets!

Olymp Trade Trading Platform 

The company has developed a functional working area for trade. Its main features which platform offers: :

• Visually clear and intuitive interface
• Conveniently located tools
• Tools for technical analysis: various charts and indicators for technical analysis
• The ability to display multiple assets on the screen
• Placing pending trades at a certain time or price: the position will open automatically when the conditions are met
• Convenient search for assets by profitability.

Account types 

The broker gives users several types of accounts:

1. Free demo account. On a practice account, you work in exactly the same conditions as traders on a real account do. The practice account is a simulator for the investor. Be sure to use an Olymp Trade demo account and get trading experience!  On it, you can evaluate the advantages of the trading platform without replenishing your account, with the help of virtual $10,000.

2. Trading account. After registering with Olymp Trade India, you will receive a Trader ID. This is your unique identification number on the platform. A trading account is an account where you trade and store currency. You can link multiple accounts in different currencies to one ID. You can open it by making a minimum deposit of $10.

Multi-Accounts is a feature that allows traders to have up to 5 linked live accounts on site. During account creation, you will be able to select one of the available currencies such as US dollars, Euros, or some local currencies. One might be the place where you keep the profits on your trades, the other might be dedicated to a specific mode or strategy. Please note that the account in multi-accounts is not equal to your trading account (trader ID). You can only have one trading account (Trader ID) but up to 5 different live accounts can be connected to it to store your money.

Desktop 

To start trading, you do not need to download the application for PC, the terminal is available in the web version. The trading terminal is the space in which the trader spends almost all his working time. It is here that you can monitor the market situation with a particular asset, as well as make deals by buying binary options.

Olymp Trade has a terminal of its own design, which deserves the attention of traders.

Mobile  

The application is developed for iOS and Android. 

Duplicates the web terminal interface with some changes. For example, when you use mobile trading on a smartphone, you cannot set pending trades. In addition to speculation, the mobile app terminal has a user friendly interface that allows you to set up a profile, change status, communicate with support, use analytics, and learn. The convenience and professionalism of the platform is confirmed by those who chose this broker.

Olymp Trade Terms and Conditions 

Full terms and conditions can be found on the broker's website by clicking on the link in this article. This is a standard set of rights and obligations of the parties. The most significant conditions for traders, we will consider below.

Commissions and Fees 

The company compensates all costs for deposits and withdrawals funds from the account on its own. There is no commission for servicing and maintaining an account.

If the client within 180 days did not make trading operations (transactions) on a real account and/or did not have non-trading operations for replenishment/withdrawal of funds, a service fee (subscription fee) in the amount of $10 (ten US dollars) will be deducted from his account monthly or the equivalent of this amount in the account currency. The rule is enshrined in the Regulations for non-trading operations and KYC / AML policy.

In most cases, there are no fees for withdrawing funds from the Olymp Trade in India platform. The conditions for taking a commission are the use of an account in USDT and the use of an account for depositing and withdrawing funds without making transactions.

Promo Codes 

One of the outstanding services that Olymp Trade provides to its traders is access to various bonuses.

The trading bonus is the amount your broker gives you to add to your live account, with which you can trade. There are several types of bonuses, but the most notable are the Welcome Bonus, Deposit Bonus and Recurring Bonuses.

To receive a bonus, you need to enter a promotional code when replenishing your account. There are several ways to get a promo code.

• Find a promo code on the platform. Open "Top up" → "Promo code".
• Receive a promo code as a reward for success on the Trader's Path. The Trader's Way is a loyalty program. You trade on the platform real account, accumulate XP (experience points) and get rewards for it.
• Follow the updates in the official communities on social networks: sometimes promo codes are announced there.

Deposit Options 

You can choose the method convenient for you, among which:

• Bank and credit card
• Electronic payment systems (Perfect Money, AstroPay Card, Neteller, Skrill, WebMoney, etc.)
• Cryptocurrencies (Bitcoin, Tether (trc-20), Ethereum)

To make a deposit:

1. Select the account you want to top up.
2. Click on "Payments" → "Top up".
3. Specify the replenishment amount.
4. Select one of the available payment methods from the dropdown list.
5. Follow the instructions to complete the process.

Withdrawal Options 

Remember that you can withdraw funds only to the source from which you replenished your account.

Resources offered by Olymp Trade 

In addition to its main function - trading, the broker gives users and other opportunities and trading instruments, this is beneficial for any trader and makes trading more efficient, due to the fact that all the necessary information is always at your fingertips on one platform.

Analytics 

The broker provides all its clients with free use of analytics. This section contains:

• economic calendar;
• trading signals;
• technical analysis;
• market Review;
• volatility.

Education 

Separately, we note that the OlympTarde brokerage house is about growing a professional investor from a novice trader. To do this, he created the “Training” section, where you can familiarize yourself with the following subsections:

• video lessons;
• courses;
• trading strategies;
• webinars.

All acquired knowledge can be fixed on the training account immediately! 

Technical Analysis 

This section of analytics allows the trader, through graphical services, to predict the price of an asset in a global perspective, and improve the result of trading in general. In particular, it allows you to choose:

• type of price display (chart);
• time frame;
• indicators;
• apply rays;
• build different shapes.

Fundamental Analysis 

Always keep an eye on the calendar for important economic news releases. It is presented on Olymp Trade by the well-known service.

We are interested in exceptionally important macroeconomic news marked with three bullish heads. The broker shows just such news. On the left there will be the time of the news release, then the currency icon, in the middle - its name, then the actual value, the forecast, the previous value.

Financial market experts who are employees of Olymp Trade provide analytics for a week. In particular, they analyze the news background for the most popular assets.

Money Management 

You can find information about money management in the broker's blog on the site. A well-thought-out money management system allows you to maintain a balance in conditions of high market volatility and uncertainty, minimize risks and maximize profits. You will learn for free what strategies and examples of their use are, risk management rules for beginners, how to use stop loss and take profit, and so on.

Trading Tips 

In the money management section, you will find all the necessary materials to learn and start applying the simple but vital rules of risk management, namely:

• Determine how much you want to invest
• Clearly define your priorities and goals
• Develop a trading strategy that you will follow
• Have a reserve fund
• Don't be afraid to take risks and stay calm.

Stocks 

The stock market is a fantastic field for traders to explore and profit from. Using the extensive materials from the section, you will learn:

How do stock markets work

• How to read charts and interpret market data
• Strategies and tips for efficient trading in the stock market
• Which stocks are better to invest in right now and how to get the maximum profit

Follow the link, register and you will have access to the Olymp Trade blog with all the information, videos and articles.

Crypto 

You can also learn about a relatively new asset and ways to make money on it. After registration, you will be able to study such topics as: "A Trader's Quick Guide to Cryptographic Terms", "What is Cryptocurrency Scalp Trading?" and much more.

Forex 

Free Forex education is what novice traders are usually looking for. No wonder forex is a key element of the global financial market and that is exactly where people start their trading journey. This section of the official blog is an ideal and free source of forex education. In the blog you will also find the latest forex news that will help you understand the current situation in the market.

News 

The Olymp news section on the blog includes:

• Released or updated new platform features
• News related to events organized or affecting the company
• Tournaments planned and ongoing
• Promo codes and bonuses that can only be found on the blog
• Contests organized on Olymp Trade social networks and on the platform itself

Community 

Olymp Trade online broker is more than just a trading platform. You are more than a trader. We are all members of the big community and we have a lot to share. In particular, you will learn:

• Trading errors and crashes to help you avoid mistakes and make smarter trading decisions
• The most effective trading strategies and how successful traders have used them
• First-hand knowledge and helpful trading tips on instruments and assets, money management, the best time to trade, etc.
• How to start trading and take the first steps

FAQ 

In the training section, of course, there is a column with frequent questions. You can always go there for help. It covers such issues as, for example: How to trade on Olymp Trade, what is leverage, how to use the mobile application, etc.

Olymp Trade registration in India 

So, in order to register, you need to follow the link and fill in the standard information about yourself. This is an email address and a good password.

Why register on Olymp Trade? 

After Olymp Trade registration, you will have access to all sections of the community, platform, blog, training, analytics and the trading terminal itself. It's free and takes no more than a few minutes. In addition, it does not require you to do anything, try a demo account and if you like it, you can open a trading account at any time.

Login to the trading platform is possible after entering Olymp Trade login and password. Registered users have access not only to the Personal Account, but also to training and analytics.

Registration from PC 

To open an account, just select a currency and confirm your email, or log in via Apple, Facebook or Google.

Registration from Phone

Trading conditions and functionality of the mobile version of the platform are no different from the web terminal. It is also possible to register through the application without visiting the official website of the company. The registration process is identical to the one discussed earlier.

Advantages and Disadvantages of Olymp Trade 

This broker combines a large number of advantages and tools for productive trading. Working with this broker is convenient for both beginners and more experienced traders. The Olymp Trade investment platform allows you to work with demo and real accounts, and also has a large number of tools for analyzing and improving your trading strategies and their subsequent successful implementation.

An important advantage for new traders is the minimum deposit of $10, which allows you to trade with the lowest level of risk. This is also a great opportunity to practice Forex trading and not be afraid to lose a lot of money. The broker has developed its own platform that works smoothly and can be expanded with new features. Due to our own development, it becomes much easier and faster to make changes and corrections, to carry out technical work. This makes Olymp Trade more competitive among the large number of brokers that offer this kind of service. And you get simple and effective trading!

Among the shortcomings of the platform, we note the possibility of working with only one type of options (classic).

Olymp Trade FAQ