General Information
Founded In 2014, Olymp Trade Is An International Broker Of Digital Options And Foreign Exchange. The Company Is Headquartered In Suite 305, Griffith Corporate Center PO Box 1510, Beachmont, Kingstown, St. Vincent And The Grenadines. With A Wide Range Of Market Instruments Including Currencies, Stocks, Metals, Indices, Commodities, Cryptocurrencies, ETFs, Over The Counter Instruments And Composites, Traders Can Diversify Their Portfolios And Explore Different Trading Opportunities. The Platform Offers Multiple Account Types, Such As Demo Accounts, Trading Accounts, USDT Accounts, Multi-accounts, Each With Its Own Set Of Features And Benefits To Cater To Traders Of Different Experience Levels.
One Of The Main Advantages Of Olymp Trade Is Its User-friendly Interface And Intuitive Trading Platform. Traders Can Access The Platform Through A Web-based Platform Or A Mobile App For Android And IOS Devices. The Platforms Offer Basic Trading Tools And Features, Including Advanced Charting Tools, Technical Indicators, Economic Calendars, Trading Signals And Risk Management Tools. In Addition, The Platform Offers Educational Resources Such As Video Tutorials, Webinars And Interactive Courses To Help Traders Improve Their Trading Skills And Knowledge.
While There Are Advantages To Trading Olymp Trade, It Is Important To Understand Certain Do's And Don'ts. Traders Should Carefully Manage Their Risks And Be Aware Of Potential Fees Such As Overnight Fees And Idle Fees. Conducting In-depth Research, Practicing With Demo Accounts, And Developing Clear Trading Strategies Can Help To Have A Successful Trading Experience Olymp Trade. Comprehensive, Olymp Trade Provides Individuals With A Comprehensive And Easily Accessible Platform To Participate In Online Trading And Potentially Capitalize On Market Opportunities.
Regulatory Information
Olymptrade Is A Licensed And Regulated Broker By The Vanuatu Financial Services Commission. Olymptrade Is Committed To Providing The Highest Quality Of Service. Olymptrade's Customers Purchase Deposit Insurance And Receive Comprehensive Support And Prompt Resolution Of Any Issues Related To Olymptrade's Financial Interactions.
Market Tools
Olymptrade Advertises That It Offers Over 200 Different Assets To Trade On The Platform, Including Foreign Exchange Currency Pairs, Cryptocurrencies, Stocks, ETFs, And More.
1. Currency: Different Currency Pairs, Such As AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, Etc.
2. Inventory: Trading Opportunities For Various Stocks, Including Popular Companies Such As AMD, Nvidia, Tesla, Netflix, Nike, EBay, Etc.
3. Metals: Precious Metals Such As Gold, Silver, Platinum, Etc.
4. Indices: Trading Indices Such As NASDAQ, Standard & Poor 500, Etc.
5. Commodities: A Range Of Commodities, But No Specific Examples Are Provided.
6. Cryptocurrency: Trading Popular Cryptocurrencies Such As Bitcoin, Ethereum, Litecoin, Etc.
7. Exchange Traded Funds: Exchange Traded Funds That Offer Exposure To A Diversified Portfolio Of Assets.
Account Types
One Of The Most Basic Types Of Demo Accounts Is Demo Account, Which Is Used As A Training Tool For Investors. With Demo Account, Traders Can Simulate Real Trading Conditions Without Depositing Any Real Money. It Allows Them To Practice Trading Strategies, Test The Functionality Of The Platform And Gain Valuable Experience Before Switching To A Real Account.
Trading Account, A Trading Account Is The Main Account Used For Actual Trading Olymp Trade. Traders Can Deposit Funds Into This Account And Perform Real Trades On Different Financial Marekts. Each Trader Is Assigned A Unique Trader ID That Serves As An Identifier For Their Trading Account. Multiple Trading Accounts Can Be Linked To A Single Trader's ID, Enabling Traders To Operate In Different Currencies And Manage Their Trading Activities Efficiently.
USDT Account For Those Who Prefer To Trade In Cryptocurrencies, Olymp Trade Offers Usdt Accounts. These Accounts Use The Usdt Cryptocurrency To Facilitate Deposits And Withdrawals. The Usdt Is A Stablecoin Pegged To The Value Of The US Dollar That Provides Trading Stability And Minimizes The Risk Of Cryptocurrency Price Fluctuations. Traders Can Enjoy The Benefits Of Using Usdt For Trading Activities On The Platform.
Another Distinguishing Feature Of Multi-accounts Olymp Trade Is Multi-accounts. This Feature Allows Traders To Have Up To Five Real Accounts That Are Interconnected. Each Real Account Can Be Denominated In A Different Currency, E.g. USD, EUR Or Local Currency. Traders Have Complete Control Over These Accounts, Enabling Them To Allocate Funds According To Different Trading Strategies, Profit Management Or Specific Purposes. Multi-accounts Offer Flexibility And Organization To Traders Who Want To Decentralize Their Trading Activities Or Manage Different Trading Methods Efficiently.
Leverage
Olymp Trade Offers A Variable Leverage Size Depending On The Type Of Trade A Trader Plans To Execute. The Platform Offers A Maximum Leverage Of Up To 400:1. Leverage Allows A Trader To Control A Larger Position In The Market With Less Capital. It Essentially Amplifies The Potential Profit Or Loss Of A Trade.
For Popular Forex Trading Pairs Such As EUR/USD, Olymp Trade Offers Leverage Of 30:1. This Means That For Every $1 Of A Trader's Capital, They Can Control A Position Of Up To $30 In The Market. For Minor Forex Pairs Such As NZD/USD, AUD/CAD And USD/SGD, The Leverage Offered Is 20:1. Other Assets Such As Stocks And Cryptocurrencies May Have Different Leverage Ratios, These Can Be Viewed On The Live Trading Platform When Executing Trades Olymp Trade.
Spreads And CommissionsOlymp Trade Only Promises To Offer Traders Low Spreads, But Does Not Specify Detailed Spreads For Specific Instruments.
Non-Trading Fees
Olymp Trade Charges Various Fees Depending On Different Aspects Of The Trade. This Is A Brief Overview Of The Fees Associated With Olymp Trade:
1. Trading Fees: Olymp Trade's Fees Vary Depending On The Specific Asset Being Traded, Such As Currencies, Stocks, Cryptocurrencies, Commodities, And Indices. Fees Usually Come In The Form Of Spreads, Starting At 1.1 Pips For Standard Accounts.
2. Overnight Fees: Olymp Trade Charges An Overnight Fee, Up To 15% Of The Total Investment Amount, If Trading Is Open Overnight. This Fee Applies To Certain Situations, Especially Forex Trading.
3. Idle Fees: Olymp Trade's Idle Fee Is $10 Per Month If There Is No Trading Activity For 180 Days. However, If There Is Insufficient Funds In The Account, It May Be Closed.
4. Deposit And Withdrawal Handling Fees: Olymp Trade Does Not Charge Any Fees For Deposits And Withdrawals. However, It Is Important To Note That Fees May Be Charged By The Payment Method Or Bank Used For The Transaction. Traders Should Check With Their Respective Bank Or Payment Provider For Any Applicable Fees.
It Is Recommended To Refer To The Official Olymp Trade Website Or Consult Their Customer Support For The Latest And Detailed Information On Fees As They Are Subject To Change.
Trading Platform Available
When It Comes To Available Trading Platforms, What Olymp Trade Offers Is Not An Mt4 Or Mt5 Trading Platform, A Proprietary Web Trader With Some Basic Features.
1. Web Platform: Olymp Trade Provides A User-friendly Web-based Platform That Can Be Accessed Directly Through A Web Browser. The Web Platform Offers A Range Of Features And Tools For Trading Various Financial Instruments. It Has An Intuitive Interface That Is Suitable For Both Novice And Experienced Traders. The Web Platform Allows Traders To Execute Trades, Access Charts And Technical Analysis Tools, Set Stop Loss And Take Profit Levels, And Manage Their Accounts.
2. Mobile Apps: Olymp Trade Also Offers A Mobile Trading App For Android And IOS Devices. The Mobile App Allows Traders To Access Their Accounts And Trade On The Go, Giving Them The Flexibility To Monitor The Market And Execute Trades Anytime, Anywhere. The App Offers A Set Of Features Similar To Web Platforms, Including Real-time Price Charts, Trading Indicators, And Order Execution Capabilities.
Trading Tools
Olymp Trade Offers A Range Of Trading Tools To Help Traders Make Informed Decisions And Execute Successful Trades. Some Of The Main Trading Tools Offered By Olymp Trade Are:
1. Candlestick Charts: The Platform Offers Advanced Charting Tools, Including Candlestick Charts, That Allow Traders To Analyze Price Movements And Identify Patterns To Make Trading Decisions.
2. Indicators: Olymp Trade Provides A Variety Of Technical Indicators Such As Moving Averages, MACD, RSI, Bollinger Bands, Etc., To Help Traders Analyze Market Movements, Determine Entry And Exit Points, And Generate Trading Signals.
3. Economic Calendar: The Platform Has An Economic Calendar That Provides Information About Upcoming Economic Events, News Releases, And Important Announcements That May Affect Financial Marekt. Traders Can Use This Tool To Stay Informed And Plan Their Trading Strategies Accordingly.
4. Trading Signals: Olymp Trade Provides Trading Signals Generated By Professional Analysts And Algorithms. These Signals Provide Insight Into Addressable Market Opportunities That Can Help Traders Make Informed Trading Decisions.
5. Risk Management Tools: Olymp Trade Provides Risk Management Tools Such As Stop Loss And Take Profit Orders That Allow Traders To Set Predetermined Levels At Which Their Trades Will Automatically Close To Limit Potential Losses Or Secure Profits.
6. Trading Education: The Platform Offers A Range Of Educational Resources Including Video Tutorials, Webinars And Interactive Courses To Help Traders Improve Their Trading Skills And Knowledge. These Resources Cover A Variety Of Topics, Including Technical Analysis, Fundamental Analysis, Risk Management, And Trading Strategies.
7. Mobile Trading Apps: Olymp Trade Provides Mobile Trading Apps For Android And Ios Devices, Allowing Traders To Access The Platform And Trade On The Go. The App Provides All The Basic Trading Tools And Features Available On The Web Platform.
These Trading Tools Are Designed By Olymp Trade To Help Traders Analyze The Market, Identify Trading Opportunities, And Execute Trades With Confidence. Traders Can Utilize These Tools To Enhance Their Trading Experience Based On Their Trading Strategies And Preferences.
Deposit Options:
1. Bank Cards: Traders Can Deposit Funds Using Visa And MasterCard. The Process Is Simple And Secure, Allowing For Quick Access To Funds.
2. Electronic Payment Systems: Olymp Trade Supports Popular Electronic Payment Systems Such As Skrill, Neteller, And Fasapay. These Platforms Provide A Convenient, Secure Way To Transfer Funds.
3. Cryptocurrencies: Traders Can Also Deposit Funds Using Cryptocurrencies Such As Bitcoin And Ethereum. This Option Provides Additional Flexibility And Security For Crypto Enthusiasts.
Withdrawal Options:
1. Bank Card: Withdrawals Can Be Made Directly To Visa And Mastercard. The Process May Take Several Business Days Depending On The Processing Time Of The Bank.
2. Electronic Payment Systems: Withdrawals Can Be Processed Through Electronic Payment Systems Such As Skrill, Neteller And Fasapay. Funds Are Usually Transferred Within 24 Hours.
Please Be Sure To Note That The Availability Of Deposit And Withdrawal Methods May Vary Depending On The Location Of The Trader. Olymp Trade Strives To Provide A Wide Range Of Options To Ensure Convenience And Accessibility For Its Users.
Client Server
Olymp Trade Offers Customer Support Services To Assist Traders In Resolving Their Queries And Concerns. The Customer Support Team Is Available 24 Hours A Day And Can Reach The Olymp Trade Website Via Multiple Channels Such As Email, Phone, Live Chat And Help Center. This Ensures That Traders Can Get Help When Needed.
In Addition, Olymp Trade Offers Support In Multiple Languages Including English, Russian, Thai, Portuguese, Indonesian, Turkish, Spanish, Chinese, Vietnamese, Arabic, Malayan And Hindi. This Diverse Language Support Caters To Traders From Different Regions And Enhances Accessibility For A Global User Base.
