I don’t know where you got it from, but it seems to me that either from slander on the Internet or from negative experience. If this is simply based on others thoughts, then this is bad, because you are simply misleading people. I am very sorry that often people perceive trading as a place where anyone can get rich, this is not so.

• I have been using this broker for a week or so now and I am impressed with their trading platform.
• You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
• I didn’t have any problems with it, everything was very fast.
• We understand that with good knowledge and experience, our users can gain fruitful trading.
• In addition, I would like to request a refund for any funds that may be held in my account.

The demo account is set to 10,000$ and the minimum trade size is only 1$. Yes, that means you can do 10,000 trades for practicing purposes before you run out of virtual cash. The best part is all the tools, indicators, and advanced charts the platform offers. If it’s not enough, you can select the technical tab and it will open yet another chart with even more tools. Execution is fast and to make it even faster you can switch to One-Click trading at any time so you don’t have to confirm trades before execution. And if that’s not enough for you, Olymp Trade also offers the possibility to trade on Meta Trader 4.

Quick Summary of Olymp Trade

This rising interest has seen hundreds if not thousands of brokers getting into the market. While the mass entry of brokers has made trading easier, identifying the best broker has become harder. OLYMP TRADE warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors. OLYMP TRADE offers different instruments depending on where a trader resides, but in general, traders can trade Commodities, Stocks, Indices, ETFs, Currencies, and Cryptocurrencies. To qualify for a VIP account, at least £2 000 must be deposited but this account offers some additional benefits to those available on a standard account. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

The payout rates for currency pairs might occasionally drop, but then you might as well just wait or choose a different asset. Olymp Trade is one of the best brokers within the industry, that already has strong name and become lovemark among traders. Also, the broker has good trading conditions, so I’m satisfied.

Does the broker offer any products other than stocks and forex, like etfs and composite indexes?

I heard a lot of controversial things about this broker, but in the end my curiosity overcame my fears and I dared to try it. So, it turned out that it’s more interesting rather than scary. I’m currently exploring their web platform with great interest and experiment with multiplier values on different assets. I think that in this method of trading, everything is more clear. The trading platform is pretty fine and I could learn how to operate with that quite easily.

I opened an MT4 ECN account here because I find it the best solution for me. For the last time, I have realized that there’s nothing better than scalping. It’s because I’m exhausted by the irrational behavior of market participants. I often see that the market often goes where it shouldn’t. So, I’d better grasp small gains on each trade.

Trading Hours

Obviously they are neither scammers nor kitchen experts. Trading on Olymp Trade already more than half a year. I like everything so far – the platform is easy to use and looks nice, works fast. If you are ready to trade different assets, not only EUR/USD, then you can always find something with a high payouts.

At that time I was new to Olymp Trade and for me the education and all these Olymp Trade features were a great backround to start trading. After 2 years, everything has changed and now I clearly see the problems. The first and major one is that Olymp Trade is focused on beginners. Olymp Trade does everything it can to help newcomers trade and make money, and that’s cool.

How to Access Olymp Trade

Olymp trade needs to add more deposit methods for Indian traders. This will make things easy for Indian traders, and they will able to deposit and withdraw fastly. None of the withdrawal system was transparent. The actual person I dealt with on WhatsApp was pleasant but her English was poor and she skirted around any questions asked.

I am not into fixed time trading, I find it a little bit difficult, so I don’t use it. The amount of assets and trading platform are much more important for me, so it suits me a lot. And client service is very friendly which is good. I very often communicate with other traders, sit on forums and generally try to keep in touch by all available means. And that’s why I like when a broker can help me in this.

Olymp offers decent spreads and commissions policy and it doesn’t swallow all of your profits if they happen to occur. I hesitated to write a positive review about my broker, because.. But you see, a friend of mine has just lost his monthly salary equivalent because the broker he used cheated with market data. There was a huge spike which swallowed half of his deposit and sure enough you can’t find this spike anywhere else.

But when I finally handled it, I olymp trade broker reviewsed to notice some small advantages this broker has over my previous ones. Like the absence of spreads and low commissions, or adjustable leverage. There are over 250 videos of recorded past webinars that can be watched on the website.

Just remember, your success is the product of your own discipline and persistance. If you understand that this is not an easy way to make money, then you will earn. If you want to make money, you must have analytical approach. If you do not have analytical mind, then I advise you to forget about making money on the Internet. To tell u the truth , I spent a lot of time on youtube learning about other traders’ strategies. That is why it is very important for us to choose a strategy that we feel comfortable in using.

If there are any complaints against the broker, users can appeal to the Finance Commission to solve their disputes. This regulatory body offers legal assistance to resolve any issues and it can obtain a compensation of up to 20,000 Euros. It has a tool named “Profit Line” functionality which helps traders identify the break-even point per trade.

You can see if it is right for you without having to invest real currency. Olymp Trade offers very good trading conditions for trading options and forex on one platform. The software is professionally designed and easy to use by beginners and advanced traders.

Let me explain it to beginners in Forex market. Money management allocates assets to receive profit with minimum risk. This saves capital from unexpected market situations. OlympTrade platform offers multi-account feature. This feature allows me to have few live accounts. They’re for allocation of my capital and not for trading.

When a person opens an account, they should undergo a verification process, known as KYC. Also, this broker was listed with Finacom, one of the regulated bodies that help the users to safeguard their money. We highly recommend this company for beginners who prefer to trade for the first time. It has a small deposit of $10, a free demo account, and a wealth of resources through “Olymp Trader’s club” for learning.

Still, there are more exciting services for traders. For example, the company’s website could use a calculator. But there is one undoubted advantage of Olymp Trade. It’s that they withdraw money quickly and without any hassle. The information is simplified, so are the platforms.

The Financial Commission is an international finance organization that allows a 20,000EUR guarantee for traders, full access to their resources, and legal assistance if needed. In other words, traders can enjoy many rare forex trading perks with a safety line. Clients of Olymp Trade can also have easy access to educational resources and training materials.

Instead of the usual perks, https://forexhero.info/ provides low investments and starting trade. You are right when you say that nobody wants to lose their money, but demo account will never make you a good trader, unfortunately. I like to try myself in different directions, and one of them is trading. It is a fascinating and rapidly developing area. He advised me to try to open some trades, look at his work and the whole process. My friend told me about Forex in more detail and showed me personally how he trades on the Olymp Trade platform.