Plus.Olymp Trade
This will open a pop-up dialog box which will prompt you to enter your login details. There is no need to worry about hackers, as Olymp Trade offers you just the contracts for trading. So you do not have to store any cryptos in wallets that can be taken apart by hackers in minutes. No longer do you have to wait to profit only when you buy on an exchange. Avoid the complexities and risks of trading on crypto exchanges.
According to the company website and other sources, OLYMP TRADE traders have access to bonuses from 20% to 50% for making deposits. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.
OlympTrade seems to be geared towards new traders who are interested in trading more as a hobby than a profession. The website lists the average trade size for the “last month” as $4.7 with 37,990,740 closed trades for a total trading volume of $171,236,104. This would leave the average trade size at $4.5. It does show that there appears to plenty of trading activity from the retail crowd.
It has several trading tools that help the traders to maximize their profit potential by trading on the platform. It is the best option for new traders who want to learn about prosperous trading. This platform also offers training and educational materials that are useful for investors who would like to start trading on the platform. The users learn about risk management to start trading with Olymp trade with a minimum deposit of $10 and this platform charges a 0% fee on withdrawals and deposits.
According to user reviews, this broker is rated above average but caution is always recommended in the olymp trade trading business. A Forex broker like OLYMP TRADE provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers.
If there is no trading activity for 180 days, the charge comes to $10 per month. If there are insufficient funds on the account, it will be closed. This broker charges a small amount for forex trading, which depends upon the fixed amounts, specification conditions, required multiplier, and the present market situation.
I’ve immediately lost 60$ cause I traded without a strategy. So I thought I’d be more serious and added a couple of indicators to the chart and followed a strategy. And, oh my god, in a couple of days I traded back the money I lost.
As professional traders, we can tell you that there is nearly no difference between the order execution in the demo account and in the live account. The demo account is filled up with 10,000$ and you can change it with one click between the demo account and the live account. In the picture above you see how you can do it. That means you can deposit virtual money on the account if you make a loss for example. When the request is received, it is processed within 24 hours; in several cases, this broker credits the funds within a short time. At the same time, if there is any problem the process of withdrawing money can take up to more than 5 days.
All I know is that Olymp Trade is a very popular broker with a large number of traders. It’s been a year since a started to work with this platform and I’d like to share my experience. When I was a beginner, I was frustrated many times at losing. The first thing you need to do is get rid of negative attitudes and fear, become a supporter of even a small percentage of people who earn, including trading with Olymp Trade. You can visit any site or social network and see that a smaller part of them, but still exist. This is true, the smaller part earns on the larger.
Along with training materials, Olymp Trade offers free demo accounts. Those who registered get access to 10,000 virtual coins to play around with. This way, traders don’t risk losing any of their real money while getting over the learning curve. Why would anyone be in need of recovering their money lost with options trading? With Olymp there is only one way to lose money – make silly trades.