1 Minute Olymp Trade
Risking very small amounts of money to start this transaction from demo account to real money trading is indeed very helpful. You train your mind and emotional muscles with $10 first, then gradually raise it to comfortable amount. The trick worked for me and this is something I would definitely suggest everyone to do.
I mean the possibility to trade with fixed amounts and multipliers. When I’m getting familiar with a new asset, I set the lowest trade parameters not to lose a lot. Once I get along with the asset, I gradually make those settings riskier to count on greater profitability.
At the time of login, the online broker asks you to enter a code, which only you know. This extra layer of security protects your account from anybody who gets hold of your password. Olymp Trade offers two varieties of authenticators—a code sent to your verified mobile number or a code received from Google.
He broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Truthfully, olymp trade for me became more than just a broker, y'all know... There are special communities devoted to olymp trade in facebook. I always chat in FB groups with traders and we discuss different things concerning trading and not only it actually. Join the community in various social networks, where you can receive additional knowledge from real traders who daily trade with olymp trade. One of the final items to consider when opening an account, regardless of the platform is to review the terms and conditions of the company.
I have exceeded the amount of trade in 1 day and should wait for the time to expire.. Hi , I am from Rwanda, I would like to ask if olymp trade is available for our country. It requires me to deposit at least 40$ which I couldn’t afford. If possible, can I start with a lesser amount?
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 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 olymp trade review application of Olymp Trade that focus on trading education in general.
From there, you choose the method and submit your request. The maximum withdrawal period is 5 business days but Olymp Trade makes every attempt to process your funds within 24 hours. Even at the longest length of 5 days, this is a respectable withdraw timeframe. The first reason is it lets you test-drive the platform without risking your hard earned capital.