Contents
If you place a complaint with Olymp Trade’s support staff and it’s not resolved within 14 days, you have the right to contact FinaCom and have your dispute resolved. Traders are offered up to $20,000 from the Compensation Fund in case their complaint is found to be valid. As a trader, you’ll want to know that your deposit is insured and can be recovered in case your broker goes rogue. Olymp Trade is currently refocusing its business on the emerging markets of Asia, Africa, Latin America and the CIS countries. One of the main reasons for such a shift in priorities is the forthcoming changes in Russian legislation.
The minimum deposit amount for standard accounts is $10 while that for the VIP account is $2000. This is quite low compared to what’s required by many competing brokers. With its help, I apply few trading strategies and don’t have any difficulties at all!
How is Olymp Trade not a Scam?
We are glad that you appreciate our benefits. You shouldn’t use it all the time, especially if you’re not sure about the https://limefx.club/ trade. You can use this when you see the most favorable situations in the market to increase your potential profit.
- They encourage you to gamble with their rules and experience points and rewards while speaking in their videos about how serious and responsible you’ve got to be when trading.
- If there is no reply from the company managers, you can try reporting to your local authorities.
- Till date I lost my hard earn money of an amount approx USD in their manipulated trading.
- I don’t usually risk when I trade, but here I did and it was successful.
- Compared to other options i really think olympic trade is reliable.
- Until I learned how to trade – I used to lose money, when I finally worked out the strategy – I started making money.
But even if you invest, start with demo account and learn the tricks. It doesnt mean that if you win 9/10 in demo, you will surly win 9/10 in real account also.Real account is a different scenario. One thing i gotta say is dont let ur greed rule you. I started with a demo account while earning by when I invested in my live account, I didn’t have a chance to get profit, so is this platform real serious. Millions of people are trading on this platform because it is safe and reliable.
Is Olymp Trade a Scam or Not: A Real Review
All you need to do is to accurately predict the price trend. If you anticipate a price increase, open a BUY order. Conversely, if you anticipate a price decrease, open a SELL order.
- This will tell you whether they are regulated by a central authority or if Olymp Trade is an offshore and/or unregulated entity.
- First of all, it operates on the market since 2014 which makes it highly unlikely to be scam because of the fact that the scam brokers don’t live for a long time.
- There is a separate training section for those, who are just starting.
- It looks nice, it’s user-friendly, it has got all the necessary features but is not overwhelmed with indicators and tools.
Only open orders with high winning probability which you are willing to trade with your own money. If you read up to this paragraph, I’m sure you’ve got yourself a conclusion about whether the Olymp Trade platform is reputable or fraudulent. This is a traditional trading form in the world. Trading Forex in Olymp Trade is extremely simple.
I am so happy that they will let me withdraw my money without any extra charge. As a trader investing your money with this broker, you can rest assured that your money can be recovered in case the broker goes down. Volatile markets such as cryptocurrencies are quite unpredictable. In such scenarios, you’ll want to take your profits before a winning trade turns to a losing one.
I feel I need to spend more time here…
I just made a glance and saw a sort of graph and figures on the laptop screen. The guy opening the door gave me Rs. 1,000 but the price was only Rs. 600. The more people that deposit, the more offers they will receive.
You’ve got to pay attention though,that its only possible to withdraw the money using the same payment method you funded your account with. This policy has something to do with the anti-money laundry act. This is not my first year of working on Olymp Trade, and I didn’t have any problems even once. Until I learned how to trade – I used to lose money, when I finally worked out the strategy – I started making money. The company wasn’t putting a spoke in the wheel, everything was honest and transparent from Olymp Trade’s side. Olymp Trade is a trading name used by Smartex International Ltd., a company that provides options trading services and registered in St. Vincent and the Grenadines.
How To Trade & Make Money In Olymp Trade For Beginners From A To Z
We have passed your ID account to our financial specialists. They will investigate the details you provided and give you a call for instructions on this matter. I’m so disappointed that I haven’t received a single penny of my withdrawals yet. Deposits are done in a matter of seconds but withdrawals take time and in my case, I think the time is infinity.
At the end of the option, the price has to be below or above the strike price . It is possible to switch with one click between these two financial products. In the next sections, we will discuss how to trade on the platform and how does it work to invest money.
More importantly, I suggest that you use your desktop or laptop while using this platform since a single zero or a mistyped number can completely wipe out your money. If you make the correct forecasts using that $5, you can withdraw all your earnings instantly. Check out this video demo below from the Olymp Trade themselves. If your forecast is correct under the one-minute frame, you will instantly earn .83 out of it! It may not seem a lot, but I think that starting with something small is always better than gambling away your entire capital.
- On the other hand, if you previously used only Metatraders, you might dislike their web-based platform, especially if you use a lot of indicators.
- You don’t have to guess correctly 100% of the time.
- To win a fixed time trade, you will need to predict whether the price will rise or fall with this fixed timeline.
I tried the demo again, again all was fine, and I deposited $100. I took a break from trading, got a normal job, but making money with Olymp Trade thoughts didn’t leave me completely. When I could afford it, I deposited $500 and applied for Advanced status. It was easier to make some money with advanced status as it provides better returns for each trade. Always change the direction , regardless of whether your bet is successful or not.
Types of Accounts
You can create for yourself a lot of trading strategies by combining a few indicators or candlestick patterns together. So now you have understood about the Olymp Trade trading platform and how to trade. From our experience, the support works very quickly and scammed by limefx professionally. If you got any questions you can write a specialist directly through the chat option. Furthermore, there are huge FAQ articles to answer the most asked questions. VIP traders get a personal account manager who will help them personally.
Despite the number of such trades is limited and given mostly to VIPs, it makes sense to opt for this. If you are correct with your market forecast, you can open and hold a trade in the gree for free. By the way, it’s much easier to become a VIP with this broker than with other brokers – just $2300. I have been trading with Olymp Trade for four months now, I started on a demo account. When I read the real reviews of Olymp Trade, I realized that you must first use the demo to get acquainted with the broker and, most importantly, test the strategies on a demo. Olymp Trade has excellent conditions for beginners – if you lose your deposit due to illiteracy, it’s not a big deal, the losses are small.
So, the rate balanced back, and they got a great profit. Of course, in such cases brokers cancel orders. I suppose, some traders are unhappy with this very thing. Unfortunately, or not, I never dealt with such problem.
Part of people from indirect traffic belongs to the group of Olymp Trade traders, the other part does not. You will find out that the leading trading platforms are hosted either in Europe or North America. These platforms put large LimeFXs into the latest technology so all the operations on the site run smoothly. ScamBroker.com is a broker reviews website, and does not offer any investing advice or service.