Today we will look at one of the reliable options brokers – Olymp Trade. We will try to understand all the negative about the positive aspects of this platform.
Today, the Olymp Trade platform is at the peak of its popularity. It seems that almost every trader has had or still has a valid account on this site. If I was given $5 for everyone who asked me if this platform is not a money grab, I would not have been working for a long time, but living by the ocean and drinking cocktails (joke).
Is Olymp Trade an opportunity to earn or one more scam?
The rise of the popularity of the Olymp Trade platform began almost immediately after its creation! There is a natural question: is the Olymp Trade platform a money grab or a real way to earn money?
Many people are quite successfully dealing with trading on this platform for many years and are very happy with the results. So I decided to write my review and look at the platform in more detail!
Options trading with Olymp Trade.
With all responsibility I can say that the Olymp Trade platform is really high in quality and reliability. The last time I visited this platform was about two years ago, and much has changed for the better. The interface has become much softer and more pleasant and charts have become more convenient, it is possible to adjust the expiration itself, even there is a possibility of technical analysis through a number of basic indicators:
- Moving Average;
- Bollinger bands and others.
For professional traders, these tools will not be enough, but for a beginner, there are many opportunities to get acquainted with options trading and practice. The percentage of profits on Olymp Trade floats, which means that the profit can be as much as 80% and 20%. Such a system is not very convenient, but small percentages can be waited out, and large ones appear with good frequency.
After registration you will have access to a demo account. These demos are intended solely for familiarization with the rules and nuances of trading or for quick orientation on the site, do not think that when working with a real account you will receive the same profits as when working with the demo version, almost all of them play along with the trader for greater involvement of them in the process. I have also noticed a different speed of opening trades on the demo version and on the real account. When working with the demo, trades are opened with one click, and there is a small delay on the real account. But this does not interfere and does not complicate trading.
Account replenishment and withdrawal of earned.
To be honest, I can’t say anything bad about depositing or withdrawing funds. Replenishment of the account can be carried out through a variety of payment systems. The minimum Deposit amount is $10, and the lowest bet is only $1.
Withdrawal of funds from the platform does not require special knowledge and takes up to 3 days. For the sake of experiment, I made an operation to withdraw funds (up to $1000), I had received the money already by the 2nd day, there were no problems or no-brainers, which confirms the positive feedback from users about this platform.
In addition to the usual account, each user has the opportunity to open a VIP account, details can be found on the company’s website. A VIP account gives the following advantages over the usual:
- Withdrawal in 24 hours
- A personal analyst;
- Rate of return up to 90%
- Private webinars;
- Exclusive strategies.
As far as it is necessary you can check yourself, I did not open such an account for checking.
Also there is a tempting bonus system on the Olymp Trade website. What is most interesting, the bonuses do not require working out, but rather help to correct risk management. But you can’t withdraw such a bonus, as it will burn at the first withdrawal. You can know about the terms of the bonus and get acquainted with the rules on your account.
So is an Olymp Trade broker a reliable options broker? To answer this question, let’s look again at all the positive and negative sides of the platform. Advantages:
- Quality platform;
- Easy deposit and withdrawal;
- Minimum deposit;
- Licensed by Financial Commissions.
We have analyzed advantages and now let’s look at the disadvantages:
- There are delays in opening trades.
Having looked at the strengths and weaknesses of the project, I can conclude that the Olymp Trade broker is a very decent version for a platform with a small initial deposit and a minimum trade of $1. With such conditions it is pleasant to be engaged in trading. Tips, strategies, indicators – all to help you!