Binary Options Broker Olymp Trade is a very young company that has recently registered in Cyprus. In this regard, the standards of work of Olymp Trade, reviews of which are generally positive, comply with strict European legal requirements, and this serves as a certain sign of reliability.
The financial sectors in Cyprus are controlled by the Cyprus Securities and Exchange Commission. In the territory of the Russian Federation, the binary options broker Olymp trade is controlled by the CROFR, and this enables the company to arouse even greater trust among domestic traders. For this reason, Olympus Trade (binary options), reviews of which have appeared recently, is getting more and more attention.
Binary Options Broker Olymp Trade is a subsidiary of financial corporations Frandom Holding Ltd. (Cyprus) and Smartex International Ltd. (Seychelles). Despite the fact that the broker's business principles allow him to be a world-class company, Olimp Trade is focused on the market of Russian users and novice traders. This is confirmed by the possibilities of financial type transactions with rubles, high-quality Russian-language support and other types of wonderful things for Russian citizens.
Olymp Trade: company overview and reviews
Olymp Trade provides good input types of conditions, excellent comfort and visibility in direct trading. According to the reviews that have appeared about Olimp Trade (binary options), the broker's main pride is the modern type of trading terminals that best represent the combination of simplicity and functionality. This makes working with binary options extremely easy, and Olymp Trade customer reviews are great evidence of this. Partially, traders' comments on the work of Olympus Trade (reviews and reviews) provide information that you can master the system and start working just a minute after the registration process, as the levels are very simple and well visualized, so difficulties even arise newbies.
I also want to say that Olymptrade.com so far has only positive types of reviews. Paying attention to the fact that the company has recently started its activities and does not yet have a sufficient client base, this indicates the correct type of market entry policy.
How to register in the system?
To start working with the Olympus Trade binary option broker, you need to go to the company's official website (Olymptrade.com), where you will need to enter your installation data in a simple registration form. The form has only a few fields, and filling them out will not be difficult, which distinguishes Olymp Trade among many other brokers from Cyprus. Unlike Olimp Trade, whose login is available in a few minutes, its competitors sometimes force it to work on filling out the questionnaire data for half an hour.
What do you need to pay attention to?
The only point that needs to be taken more carefully when filling out the registration form on the broker’s website with binary options like Olymp Trade is the correctness of the information entered by the user. Otherwise, when trying to work at Olymp Trade, logging into the system may be difficult. If some subtleties are not clear, it is better to contact the company managers in advance and find out them so that in the future there will be no difficulties with trading and withdrawing funds. If you look at the reviews about Olimp Trade, then the negative comments, where people report that Olymptrade is a divorce, are related to a lack of understanding of the functioning of brokers who are forced to comply with European standards and cannot withdraw funds from trading accounts to third-party details.
Generally speaking, then you need to register a trading account for yourself, correctly indicate personal data, email and a contact phone number that Olymp Trade manager can call back. In this case, there will be no problems in working with this binary options broker, and when working with Olymp Trade, funds will be withdrawn without problems.
Trading Terms
Trading with the binary option Olymp Trade is gaining popularity mainly because of the trading conditions that allow many people who dreamed about big earnings yesterday to earn money in an excellent way today. It is necessary to start reviewing the conditions of the trading type from the moment that to start the work of binary options, you need only $ 10 for starting capital. At the same time, brokers maintain the dollar / ruble exchange rate at 1:35, and this enables traders from Russia to carry out financial activities with 350 rubles! As many reviews written about Olimp Trade show, customers evaluate similar approaches on the part of the company, which make it possible to begin to form their large capital with such a small amount.
The amount of money to open trading positions will also please, since it is possible to activate binary options from $ 1 when choosing the appropriate expiration time (it will be 1-60 minutes). The maximum yield in a single transaction is 80%. It is all very simple and convenient.
Features
If we talk about underlying assets, then they are still very small in number. Traders can manage only eleven financial instruments and one new unusual instrument. This set contains eight currency pairs, between which there are so-called majors and ruble type instrument pairs - USD / JPY, GPB / USD, EUR / USD, USD / CHF, AUD / USD, USD / RUB, USD / CAD and EUR / RUB . Two other trading instruments are silver and gold.
And on the 11th trading type instrument it is worth paying special attention. It is called Random, and Olymp Trade makes it possible to trade it even on weekends when markets are closed. This is his only advantage. The disadvantages may be the fact that Random is a randomly generated asset, the movements of which cannot be planned using the classical method of analysis.
To complete the reviews of the terms of trade, it should be noted that Olymp Trade has only one type of real account, but at the same time there is also Olymp Trade demo.
Demo accounts
Since not every binary options broker can offer demo accounts, and many who allow you to work on training accounts, first make a deposit replenishment or fulfill a number of other requirements, Olymp Trade with a personal marketing strategy appears in a very favorable light. The fact is that only after completing the registration form for the client a demo account of a special type is opened in Olymp Trade, which accrues the basic 10 thousand currency units, that is, US dollars.
This amount by each client of the broker can be used for development in various financial markets. Next, you need to study what binary options are, do a test of various types of strategies, and the like. After considering these points, the trader will have the opportunity to replenish the trading account using real money, and after that his status will immediately automatically change from “demo” to “real”. Do not forget that the Olymp Trade demo accounts are fully consistent with real ones, and they are not subject to any restrictions.
Varieties of Binary Options
Olymp Trade does not provide its traders with a diverse assortment of different options. The broker offers only one type - the classic “Put” - “Call”. This means that traders are simply required to indicate whether the value of the assets will be higher or lower from the current prices until the expiration of the contract.
In addition, Olimp Trade (Moscow) offers to buy or sell options in the amount of $ 1–100, which in combination with offers of only one type each time confirms the broker's focus on working with beginners who do not put large amounts and do not use some kind of own strategies. Therefore, they do not need offers of various sophisticated trading approaches, which can only confuse the subconscious of beginners.
It should also be noted that although the time of transactions has limits from 1 to 60 minutes, the trader cannot choose any values ​​from them. As short expiration dates, only time types of intervals of 1 and 5 minutes are available, then 15, 30 and 60 go.
Time costs
It is also necessary for traders to know that when working on real accounts when opening options, there is a large type of delay that goes to processing teams. Their time is approximately 5 seconds. In addition, this moment is prescribed in the broker's regulations, as a result of which you can be sure that the point is not in Olymp Trade technical equipment, but in the approaches offered by this company.
In general, these types of delays are critical only in two cases - when working in conditions of increased volatility in the markets after the release of some significant news and when using scalping strategies with expiration of binary options in 1 minute. Interestingly, there are no such delays on the demo accounts. That is why traders who apply trading approaches of the above type need to be very careful when switching to real types of accounts.
Olymp Trade - trading type of platform
Trading terminals Olymp Trade have many amenities, and working with it is extremely simple, since the working windows are not cluttered with various tabs and a number of unnecessary functions. Minimalism can be explained by the absence of other advantages of the binary option, in addition to the classic options “Put” and “Call”, and the diversity consists only in the choice of the timing of the expiry. That is why the reviews about Olimp Trade (options and conditions are in mind) are so positive.
From this it follows that the purchase and sale of options occur without complications and the need to select various types of parameters that are more in the way than they provide assistance for beginning traders. The reviews of Olymp Trade and in this paragraph emphasize the broker’s focus on the provision of options services, primarily for beginners who wish to learn and begin successful activities sooner.
In addition, Olymp Trade (petroleum products, etc.) offers the possibility of instant transactions - with a single click, which helps save valuable time. This has a positive effect on the results of short-term trading, where unnecessary delays can make it impossible to profit.
Training courses from Olymp Trade
The official website of Olymp Trade, located at Olymptrade.com, provides training on the basics of trading binary options. There is no need to expect anything extraordinary from the materials presented, but the rules of work are covered in a very good way, and this will be a useful moment for beginners.
There is enough information to study the specifics of the option and to manage the Olymp Trade trading terminals. But to receive training in more detail with the development of trading strategies, you will need to search for materials elsewhere.
Replenishment of trading accounts
You can reset funds for real-type work on trade deposits immediately after the registration data input processes are completed. Since Olymp Trade is used by Russia as the main platform for doing work, you can replenish accounts using the usual convenient methods, namely:
- using bank cards MasterCard and Visa;
- through Yandex.Money;
- from QIWI accounts.
How to withdraw funds?
All deposit replenishment processes are fully automated and take no more than 1 minute. Also, traders are interested in the facts of the withdrawal of funds. About this, discussions are ongoing in the network about who pays from brokers in a normal way, and who - not particularly. It must be said right away that there is no reason to be worried, since one cannot find negative responses about payments about Olymp Trade.
In addition, when crediting funds, cash bonuses come, which can be used in trading using binary options. In order to receive money from Olymp Trade, you need to fulfill certain conditions, since it is impossible to withdraw money using the regular method using the bonus method. First you need to trade a volume that will be 25 times the bonus amount.
Are there any restrictions?
Personal funds can be withdrawn without any problems, that is, at Olymp Trade, the minimum withdrawal amount of invested money is not limited. The only factor to consider is the need to verify your account. Since the broker is subject to the laws of Europe, proof of identity is required, which is used to transfer money. Therefore, Olymp Trade asks to place copies of personal documentation on the site. This needs to be done once, and then it will be possible to carry out the introduction and withdrawal of money without delay.
Cash withdrawals occur in a very quick way. But Olimp Trade (a European-type broker), in order to hedge itself against various circumstances, set limits on time intervals of 5 working days. This does not mean that the money will have to wait a very long time - usually applications are processed on the same day. But if in response to the application money for some reason does not come out over the next four days, then this should not be a cause for concern under any circumstances.