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Olymp Trade

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Olymp Trade

Founded in :

N/A

2014 (10 Years)

2 Reviews

Please carefully consider your options and choose the service that best meets your needs.

Beware

2.74/5

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Verification on TrustFinance

0.00

Traffic & Engagement

4.33

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License

Warning

This broker is currently unregulated. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Both institutions and consumers highly trust the license in grade A. They operate more extended and are more challenging to hold than others. They have strict rules which the company needs to comply with. Just one point was deducted from grade A.

B Grade License

The license in grade B is also trusted, but the difference between them is it will slightly get less complicated than in grade A.

C Grade License

The license in grade C is also safe to rely on, but we recommend that you be careful with your chosen company. You should inspect the company information before investing.

D Grade License

The license in grade D is easily held and has yet to become widespread. If your chosen company holds a license in this grade, you should carefully contemplate it.

License

Warning

This broker is currently unregulated.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

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News

TrustFinance Intelligence Agency

Research date: Thg 11 28, 2024

The website provides information on binary trading platforms with a minimum investment from $1. It lists the 10 best platforms, their unique features, pros and cons, and how to maximize the trading experience. It also discusses the future of binary trading and offers FAQs. The content includes news, forex signals, learning resources, economic calendar, live rates, charts, and more. The website is informative and helpful for traders looking to start binary trading with a low investment.

The website provides information on binary trading platforms with a minimum investment from $1. It lists the 10 best platforms, their unique features, pros and cons, and how to maximize the trading experience. It also discusses the future of binary trading and offers FAQs. The content includes news, forex signals, learning resources, economic calendar, live rates, charts, and more. The website is informative and helpful for traders looking to start binary trading with a low investment.

The website provides a comprehensive guide on choosing the right online broker, highlighting the advantages and disadvantages of using online brokers, safety measures, regulations, and factors to consider when selecting an online broker. It also includes a list of best online brokers and expert advice on what to look for in a reputable online broker. The content emphasizes the importance of conducting thorough research before making a decision.

The website provides a comprehensive guide on choosing the right online broker, highlighting the advantages and disadvantages of using online brokers, safety measures, regulations, and factors to consider when selecting an online broker. It also includes a list of best online brokers and expert advice on what to look for in a reputable online broker. The content emphasizes the importance of conducting thorough research before making a decision.

The website provides information on binary trading platforms, including the top 10 platforms, their features, and risks and rewards associated with binary trading. It also offers insights on popular assets, differences between binary options and forex trading, and tips for choosing a reputable trading platform. The content emphasizes the importance of understanding market trends, implementing risk management strategies, and having a disciplined approach to trading. It also highlights the need for thorough research before investing in binary options.

The website provides information on binary trading platforms, including the top 10 platforms, their features, and risks and rewards associated with binary trading. It also offers insights on popular assets, differences between binary options and forex trading, and tips for choosing a reputable trading platform. The content emphasizes the importance of understanding market trends, implementing risk management strategies, and having a disciplined approach to trading. It also highlights the need for thorough research before investing in binary options.

The Reserve Bank of India (RBI) has released an 'Alert List' containing names of organizations not permitted to trade in foreign exchange under FEMA or conduct forex transactions through electronic trading platforms. Customers are warned against transmitting money for forex transactions on unauthorized platforms. The list includes 75 unauthorized forex trading platforms. It is important to check the authorization status of any person or platform on the RBI website. Conducting forex transactions on unapproved platforms can lead to legal issues. The list was last updated on November 24, 2023.

The Reserve Bank of India (RBI) has released an 'Alert List' containing names of organizations not permitted to trade in foreign exchange under FEMA or conduct forex transactions through electronic trading platforms. Customers are warned against transmitting money for forex transactions on unauthorized platforms. The list includes 75 unauthorized forex trading platforms. It is important to check the authorization status of any person or platform on the RBI website. Conducting forex transactions on unapproved platforms can lead to legal issues. The list was last updated on November 24, 2023.

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Olymp Trade Review: Is Olymp Trade Broker Good?

Broker overview and general information

Olymp Trade is a brokerProviding online trading servicesEstablished in 2014 under the operation of Aollikus Limited and headquartered inSaint Vincent and the GrenadinesbrokerWith over 89 million customers in over 130 countries.

Licenses that brokers have obtained

If you ask whether Olymp Trade broker is good or not, you must start by considering the license and regulation first. The broker is regulated and licensed by Vanuatu Financial Services Commission (VFSC) under license number 40131.

 ⚠️Warning:From checking the VFSC license, license number 40131 under AOLLIKUS LIMITED, no information was found linking that Olym Trade is regulated by VFSC, so please consider carefully before investing

Products and services from brokers

Trading products

Olymp Trade is an online trading platform that offers a variety of trading modes, such as Fixed Time, Forex and Stocks. Fixed Time mode allows users to open orders to trade up or down based on the price of a universally traded asset, while Forex mode allows traders to use multipliers to increase profits when trading currency pairs and other assets.

Trading Platform

The broker has its own developed trading platform, which is accessible to traders via the broker’s proprietary web terminal and via mobile applications and websites.

Broker Account Types

The broker offers only one account type to choose from, with the following details:

Starting Spread: Not specified
Commission: Not specified
Leverage: 1:500
Swap: Not specified
Minimum deposit: $10

 ⚠️Attention: Olymp Trade has only one account type, but it gives traders special privileges depending on the account status. There are 3 statuses: starter, advanced, expert. Each status has different conditions for promotion.

Review of the pros and cons of Olymp Trade broker

Pros:

Easy to use platform
Support deposits and withdrawals via Thai banks
Minimum deposit only $10

Cons:

There is only one account type.
Several important information is missing from the website and some of the information is unclear.
Leverage is quite low
There are only about 30 Forex currency pairs available for trading.
Only broker platforms are supported.
The process of verifying your identity to withdraw money is quite complicated.
Complex trading conditions
High risk because it is a type of trading Binary Option

 ⚠️Considerations: Binary Option is a speculation from the price chart of various assets in 2 ways: predicting the price in an upward direction (Call Option) and predicting the price in a downward direction (Put Option) within a specified period of time. Some regulatory agencies have banned trading in this form of investment. However, in Thailand, there is no law controlling this type of investment. However, the SEC has publicized to investors to be more careful in this type of investment.

Broker Overview Summary

From checking the license and comments from real users, it was found that Olymp Trade is considered one of the most popular brokers in Thailand. Although the broker has different trading conditions from other brokers and does not display complete information on the website, the service is provided correctly. However, please use your discretion in deciding to apply for the service because making profits from Binary Option is a very high-risk trade that may cause you to lose all your money.

This Olymp Trade broker review is just a suggestion from the TrustFinance team to be used as information for decision-making for investors who are looking for a broker that is suitable for them. The important thing in choosing a broker is reliability. However, all types of investment have risks. Therefore, investors should study information carefully before deciding to invest.

Frequently Asked Questions about Olymp Trade

Is Olymp Trade legal?

Olymp Trade is registered and licensed under the given jurisdictions. However, some regulatory bodies have prohibited such trading. In Thailand, there is no prohibition at all.

Is Olymp Trade gambling?

Binary Options trading at Olymp Trade is a price prediction from the chart of various assets under a specific time frame, which is a form of making a profit. As a result, some investors use random guessing to make a profit. Therefore, Binary Options can be considered gambling. However, if investors use a trading system that has been analyzed and managed risks, it can be considered not gambling.

What is the minimum withdrawal amount for Olymp Trade?

Olymp Trade minimum withdrawal amount is $19 or €19.

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Olymp Trade Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.