OlympTrade Account Features
Its solid reputation developed over the years has also helped it to expand its client base to over 25,000. Additionally, it ensures that customers are protected up to $20,000. Thus, it is no surprise that the broker has won many awards in the validation of its safety.Β In 2016, Olymp Trade first won the Le Fonti’s Best Options Trading Platform award. The same year, it was voted the Fastest Growing Broker.
Olymp Trade App
Olymp Trade has many interesting trading features. These features are straightforward, ensuring that you will always get the best services, hassle-free. For example, the broker offers two account types: Standard and VIP. The Standard account type has a required minimum deposit of just $10 and a maximum of $2,000 On the other hand, for VIP Account, you need a minimum of $2,000 in the required deposit.
Also, the Standard Account type has limitations. For instance, it enables its users to withdraw just once per day! The VIP Account type, on the other hand, provides more benefits not available to the Standard account users. It is provided with consultants that are saddled with the responsibility of helping its holders to analyse and understand the market and make smarter trading decisions.
OlympTrade Scam?
There is no reason to worry about whether this is a scam since it is one of the best fixed time trade brokers. Olymp Trade is arguably the most accessible broker around. With just $10, you can start trading right away on a Standard Account. As a result of this, the broker is open to the patronage of every trader irrespective of the financial capability. And considering the level of investment the broker makes into their education, its users have a high chance of succeeding.
The minimum investment on Olymp Trade is just $1. That means that with your $10-funded account, you can take about 10 trades. Moreover, traders are given the liberty to choose either the Euro or the USD as the currency of choice of their trading account. However, we think that the broker should also offer its users the flexibility to change their account currency at will.
Olymp Trade has fared well in the provision of bonuses and analytical tools. The broker offers free tools for analysis such as charts, technical indicators, and economic news via its website. Also, a personal account manager is assigned to you once you open an account. All these combined have helped many of its users to be able to shore up their success rate to as much as 80%!
Demo Account
Olymp Trade offers a Demo Account for free, too. It is not the commonly known binary options demo account however a Fixed Time Trade account. The demo account also offers the opportunity for you to test out your trading strategy first in a risk-free environment.This account is funded with $10,000 virtual money that you have access to immediately you register for an account with the broker. Additionally, you get to have access to its huge library of trading strategies, which you can utilise to get better at trading. Please notice that touch options are not available at Olymp Trade but that is OK since they are difficult to win from . It is, however, important you use the demo account first as it will help you get familiar with the trading platform before you start trading live.
Olymp Trade Academy
Olymp Trade also has a comprehensive library of the best best binary options education resources called Olymp Trade Academy. However keep in min that it is now called Fixed Time Trades and shouldn’t be mistaken with Those resources are available in both text and audio-visual forms. The only downside is that they are available only for registered users. A FAQ section is attached to serve as a quick source of information about the broker’s operations.
