If you are in the USA, however, you cannot trade on this site. Olymp Trade has its pros and cons, but does have some very nice features, including extremely flexible trade sizes, a demo account, and a completely fee-free structure.
Is Olymp Trade Regulated?
In theory, this may provide you with some level of protection. Assuming the International Financial Commission takes itself and its mission seriously, member providers must operate openly and honestly. Again, all of this is assuming that the IFC does its job. If you prefer, you can begin with demo trading instead. The only currencies available are US Dollar and Euro. Bonuses are mentioned explicitly almost nowhere on the site, though Olymp Trade does offer them. While more transparent information on the bonuses would be nice, it is actually refreshing not to see a hard sell on them.
Bonuses come with strings attached, and many newbie traders do not really know what they are getting themselves into when they accept one. One awesome thing about Olymp Trade is that they do explicitly state that there are no fees or commissions for trading, depositing, or withdrawing.
You are not going to find friendlier terms than these anywhere. Trading on Olymp Trade Olymp Trade operates olymptrade binary options a proprietary platform. This platform looks a bit different from SpotOption and others you may be familiar with from trading on other sites, but it is likewise a simple design which you can quickly get used to.
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The platform is available for desktop and laptop. In terms of assets, there are 65 in total, consisting of stocks, indices, commodities, and currencies.
This is not a very big selection, but you really do not need access to hundreds of different financial instruments to be a profitable trader anyway.
What is more limiting is the fact that there is only one type of trade offered on Olymp Trade at this time. You cannot place a One Touch trade, a Range trade, a Ladder trade, or any of the others which have become common olymptrade binary options platforms.
Note however that Olymp Trade does offer 60 Second trades. They simply are not denoted on the platform as such. Expiry times as short as one minute are offered, however, so if you want to trade fast, you can.
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A cool feature on the platform is built-in trading signals. You will find them listed right next to the assets. Their platform is also one of the few in the binary trading industry to offer Heiken Ashi charts analysis. Another interesting feature are the tick charts — they allow traders to analyze short-term price action. This can be useful for binary option deals with very short expiry periods.
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If you need help learning to trade, there are some basic articles and presentations in the Education section. This includes some free trading strategies and detailed information olymptrade binary options how to apply them. One thing which is awesome about Olymp Trade is that you can invest just a dollar. You might wonder why you would want to trade so little, but this is actually a fantastic way to transition into trading with real money if you are done with demo but still not ready to invest the full amount you are planning on risking.
Traders with very small accounts can benefit from this kind of extended transition.
- But despite the wide range of methods available, most people still find it hard to make money online because almost all relevant methods available require significant personal investments, such as spending money on advertisements, procuring assets to sell and more.
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You can work on building up a pile of savings to fund your account while you practice with minimal losses. Once you really know what you are doing, you can start staking more.
Registering, Depositing, and Withdrawing on Olymp Trade
Need to get a hold of customer service? No one was staffing the live chat line when I checked on a Monday, which is somewhat concerning, but not unexpected. In terms of other advantages, however, Olymp Trade has a lot to offer. On this site, you can start out with a demo account and then trade a single dollar or other small amounts for as long as you need to in order to learn to trade effectively.
The total lack of withdrawal fees is also quite incredible. So all in all, right now I feel I can give Olymp Trade a cautious recommendation at this point.
I would particularly consider signing up for an account here if I was a beginner with a small trading account. Share and Enjoy!