Introduction to Olymp Trade Brokers:
In the world of binary options, several brokers are making their way to make a successful debut. Amongst many other brokerage firms, Olymp Trades have managed to garner much spotlight and the credit goes somewhat to the successful marketing campaign and the rest has been covered up by the services being provided by the Olymp Trade.
Are all Brokerage Firms are a Scam?:
It depends on the broker a certain customer has chosen. Given the uncertain nature of trade and profit in binary option, many firms are not regulated and are not governed by any credible authority. But not all of them can be categorized under the label of being a scam. There are such brokerage firms which are quite legitimate and are being governed by credible trading organizations.
Is Olymp Trade Trusted and Safe Brokerage Firm:
Olymp Trade is a Russian binary options trading brokerage firm which was established in 2014. It is being owned simultaneously by two companies namely Smartex Ltd and Frandom Holding Ltd. This brokerage firm claims its returns up to staggering heights of about 80%. The best part is, the Olymp Trade is officially registered and the trade done via this company is regulated by Financial Market Relations Center. The registration number of this company is RU-0395 AA Vv0074.
Since it is officially registered and is being monitored by a trusted authority, it is indeed safe and regular brokerage firm in whose services can be rendered for the sole reason of trading. The claim made by the Olymp Trade of delivering profits up to 80%, is indeed true.
Here in this article, we will be giving an honest review about the services as what actually this firm is after.
Olymp Trade: A Complete Review:
We will be discussing every aspect of the Olymp Trade in this section.
Starting right from the account types, there are just two types of accounts being offered by the Olymp Trade. One goes by the name of “Standard Trading Account” and the other is “Demo Account”. Olymp Trade is not offering referral benefits upon referring to someone else.
In other words, there is no any concept of “affiliate partnership” being offered by this company. The Standard Trading Account type demands a minimum deposit of $10 and is loaded up with all the benefits. The Demo Account lets you trade in digital currency at first and then after a certain time period, it lets you go to make you try your financial prowess by playing with real money.
In order to abstain from much hustle, Olymp Trade comes with the trade option of Call and Put. After getting reviews from credible customers and after getting it tested ourselves, we have managed to build a positive image of Olymp Trade. It actually involves prediction of the underlying asset and then decides when to call and when to put so that it may yield a total payout up to 80%. Not only it involves administering the bids but also reserves the right to cancel the orders after a stipulated time has been passed.
Olymp Trade brokerage firm makes it easy to trade in a few selected currencies. The currencies in which one can trade under the regulations of Olymp Trade are: GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD, EUR/RUB, EUR/CHF, USD/CAD, EUR/JPY and also the RNDM schedule. Brokers are given the option to add more options and currencies but they usually refrain from getting their heads stuck. The main commodities you can do trade are Gold, Silver and Brent.
As we have mentioned above that Olymp Trades is not offering a variety of trading options so far, but if we talk about the trading tools, resources and materials, this platform is quite well-endowed. Another best feature it entails is its dedicated section for making people learn about binary options and trading in binary options. Olymp Trade has surpassed its rivals in terms of providing resourceful material like lectures and webinars to the customers. It helps in the intellectual upbringing of the traders.
No other platform is making such efforts and this is one of the reasons why people have started relying on this brokerage firm. The training services at Olymp Trade can be availed after a free sign-up. Prior to depositing a single dime, you can enjoy the perks of a regular signed-up customer. It also nurtures the trust building between the firm and the customers. And the customer himself becomes the marketing flyer for the firm.
Deposits and Withdrawals:
This is the most amazing part which has garnered the appreciation of many. Customers at Olymp Trade enjoy the privilege of depositing and withdrawing the money whenever they want, wherever they want. Almost all sorts of bank or wire transfers are applicable in this brokerage firm. The initial deposit one is supposed to submit is of $10 while the same amount is set to be retrieved at the time of need. No any hidden or extra charges are deducted and every transaction is transparent.
After studying deeply about the Olymp Trade, we have come to the conclusion that the pros of Olymp Trade out-weighs its cons and that is why it is being considered as one of the best brokerage firms in Europe and specifically Russia.
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