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Olymp Trade broker detailed review

Olymp Trade stands for brokerage organization working at international financial market since the year 2014. The company positions itself as a reliable trading site offering profitable trading conditions both for novice and professional traders. For the moment the broker’s monthly turnover exceeds 150 million USD, which says about users’ high level of trust towards this service.

Registration and license availability

The company is officially registered on the island of Saint-Vincent and Grenadines and possesses the license of this country. In 2016 the organization has become a member of the International Financial Committee. It says about the high status of services provider as the organization invites reliable brokers only to become their members. It also protects the rights of traders and funds reimbursement amounting to up to 20 000 euros in case of obligations non-performance.

Olymp Trade broker detailed review

Olymp Trade also has an agent, who is officially registered and licensed in Cyprus.

Trading accounts types

The broker offers three types of accounts to select:

  • Demo-account. New user gets 10000 virtual units. These funds can be spent to access the options of the trading site and the verification of trading strategies to get prepared to trading for real money. After the balance decreases to 5000, the customer can increase the deposit till initial level an unlimited amount of times;
  • Standard account. To trade for real money the customer should refill the account for 10USD or its equivalent in other currency. The maximum amount of trade makes 2000USD together with the aid of 1 advisor. The trading rules allow the conclusion of transactions for the sum starting from 1USD. Money is available for withdrawal within 5 working days;
  • VIP. To get the VIP – customer status, the user needs to have the deposit starting from 2000USD. Such traders get a range of privileges such as the 10% higher return, personal consultant, training of profitable strategies, daily analytics, etc. The customers get 3 advisors and the options to conduct trades for the amount to up to 5000USD. Funds withdrawal is done within 1 working day.

For funds refilling and withdrawal, the customer can use cryptocurrencies, bank cards, e-payment systems such as WebMoney, Perfect Money, Neteller, etc

Trading platform review

The broker Olymp Trade allows working in own terminal or well-known MetaTrader 4. The financial transactions can be performed in the browser, via a PC application or smartphone. The “Olymp Trade” trade terminal user interface has been translated into 19 languages.

Olymp Trade broker detailed review

The own development platform allows trading within 15 seconds to a 1-month time frame. The traders are allowed the trade advance buy-in if it has less than 25% of the contract duration for the moment of its expiration period.

The Olymp Trade trading site differs from other trading sites by an intuitive interface. The simple clean control panel contains a basiс set of settings and indicators. The customer can easily shift from demo to real account and back in the top right corner.

The terminal supports the trade of binary options and basic assets:

  • More than 30 currencies pairs with different volatility level;
  • Raw materials: precious metals, oil, copper, gas;
  • Cryptocurrencies: Bitcoin, Litecoin, Ethereum;
  • Securities –the shares of well-known companies;
  • Indexes.

The software is available 24/7 so that traders from any point on the planet could trade any time of the day.

Broker rewards

Olymp Trade broker detailed review

The Olymp Trade company has managed to get worldwide acceptance. The broker’s reliability is confirmed both by testimonials and prestigious awards. Since the year 2017, the “Olymp Trade” has been regularly approved as the best trading site at prestigious contests.

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