Olymp Trade is a binary options broker based in St. Vincent and the Grenadines, established in 2014, in Russia, and is owned by two companies Smartex International Limited and Wallfort Limited. After many years of establishment, so far, Olymp Trade has achieved impressive numbers, more than 60 million user accounts, and an estimated 30 million transactions are made monthly on the platform with a turnover of up to 211 million dollars.
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Overview of the binary options broker OlympTrade
However, traders need to know that binary options or options trading is trading with only 2 options: Up or Down or Up or Down for a certain period. If you choose correctly you win, if you choose wrong you lose money. The rules of this game are very simple. Binary options brokers will use products tied to currency indices such as bonds, forex trading pairs, or even the cryptocurrency Bitcoin.
You must consider carefully before trading to avoid unfortunate situations. When trading you need to know how to manage your capital and protect your own money to avoid the biggest loss risks.
Which agency is Olymp Trade under the management of?
However, with Olymp Trade, the exchange made efforts after only 2 years of its establishment to become a Class A member of the Financial Commission (FinaCom) on February 22, 2016, affirming its reliability and quality. company high service. The platform’s trade execution quality is certified by the independent test Verify My Trade.
Types of trading accounts on the Olymp Trade floor
There are 3 account statuses for different customer segments. Traders can reach Starter, Advanced, or Expert status and use a certain set of benefits. The higher the status, the more trading privileges the trader will receive.
- Starter – the ground state.
- Advanced – a state with a set of privileges.
- Expert – top-level status, giving access to the biggest package of perks.
Starter Status
With Starter status, traders can use the basic functionality of the platform and the maximum return on Fixed Time Trades trades is 82%.
Advanced state in FTT mode
- Up to 85% higher profit margin with two assets in Fixed Time mode.
- Faster withdrawal request processing.
- The maximum transaction amount is 4,000$/4,000€.
- Up to 50 positions open at the same time.
- Monthly consultation sessions with highly qualified analysts.
- 7 pre-installed trading strategies.
- Private instruction and access to Special Materials.
Advanced status in Forex mode
- Faster withdrawal request processing
- Maximum transaction amount 3,000$/3,000€ when trading without multiplier and up to 1,500,000$/1,500,000€ when including multiplier
- Up to 50 open positions at the same time
- Monthly consultation sessions with highly qualified analysts
- 6 preset trading systems in Forex mode
- Private instruction and access to Special Materials
- Up to 10% discount on position opening fee in Forex mode
Expert status in FTT mode
- Increase profitability up to 92% on 6 assets
- Risk-free trades equal to 5% of your first deposit
- Priority processing of withdrawal requests
- The maximum transaction amount is 5,000$/5,000€
- There is a chance to open up to 100 positions at the same time
- Private training and personal analyst
- 15 effective trading strategies
- Private instruction and access to Special Materials
- Special Investment Ideas Every Day
Expert status in Forex mode
- Priority processing of withdrawal requests
- Maximum transaction amount 4,000$/4,000€ without multiplier and maximum 2,000,000$/2,000,000€ when including multiplier
- There is a chance to open up to 100 positions at the same time
- Private training and personal analyst
- 12 reliable trading strategies for Forex mode
- Private instruction and access to Special Materials
- Special Investment Ideas Every Day
- Up to 20% discount on position opening fee
Olymp Trade floor trading products
- Forex and USD currencies (including some forex pairs with USD included including rare currency pairs like USDTRY or USDNOK): 35 pairs
- Stocks: 34 stocks including major global companies such as Google, Boeing, Coca-cola, Facebook…
- Commodity: Brent oil
- Metals: gold, silver
- Stats: 10 stats
- Cryptocurrencies: 3 products
- ETFs: 5 ETFs
Deposit and withdraw money on the Olymp Trade floor
Deposit and withdraw with Starter account for up to 2 days, and the money will return to the account, while with the VIP account, the money will be returned within a few hours, very quickly.
