Olymp Trade Review
Olymp Trade is a young company founded in 2013 within the market of binary operations. It is based in Russia and owned by two different companies: Smartex International Ltd (Seychelles) and Frandom Holding Ltd (Cyprus). The company's activities are certified by the FMRRC (Financial Market Relations Regulation Center), which ensures one about the broker's compliance with the Russian legislation. Traders can begin with an amount as less as $10, creating an ideal situation for beginners. Olymp Trade has also been approved by the Finacom Ltd Certification Board as of February 2016.
The trading platform of Olymp Trade is mainly designed for those investors who make their first steps into the binary operations field. The company offers one type of trading account and a practice account for those traders who are not yet registered.
The standard trading account requires a minimum deposit of RUB 350/EUR 10/USD 10 (depending upon the account's currency). The benefits of this account are like any other trading account along with various trading materials and resources. The demo account is for the traders registered with Olymp Trade. The account is loaded with RUB 10,000 in virtual currency and is for those traders who want to work with the company's features before starting with real money trading.
The company has its own trading software platform. This feature boosts the trading process, making it smoother and much more convenient.
Olymp Trade appears to have a certain trading type available on its platform which is 'Call/Put Binary Options'. This involves the appreciation and depreciation of the price of the main assets for a possible payout of up to 80%. Early cancellation of trades is allowed, but the amount of money received after the cancellation depends on the time of cancellation with respect to the expiration period.
The company works with a wide range of currencies and commodities.
EUR/USD, USD/JPY, GBP/USD, USD/RUB, USD/CHF, AUD/USD, EUR/RUB, USD/CAD, EUR/CHF, EUR/JPY, and RNDM Schedule, which is a quote generated randomly and the main tool of trading at the time of closing (available 24/7).
Gold, Silver Brent
- Low minimum deposit which helps beginners to a great extent
- Access to the forex and commodities markets
- Wide range of bonuses offered (from 30% to 100%)
- Real Demo Service
- High profitability on up to 80%, depends on the decisionsmade
Olymp Trade provides technical support at all times. A trader can get in touch immediately via any medium of their convenience: by mobile, landline, online chat or email. The replies sent out to traders are from professionals with working experience regarding the financial market. This ensures that the advice given is competent and reliable.
Even though Olymp Trade is lagging behind in the number of account types and trading types, the fact that it has its own trading platform is remarkable. Credit must also be given to the low deposit fee that is allowed, which really encourages beginners. It is a solid company that can be trusted.
Office website: https://olymptrade.com/