Look no further if you’re looking for an Olymp India Trade review and tutorial, since this article will provide you with every important information you might need about it. In the end, you’ll be able to tell if the Olymp trade in India is a good fit for you.
Beyond doubt, Olymp trade has established itself as one of the most popular online brokers in the business. This is further asserted by the massive number of over 35,000 clients trading on its platform daily. This review will go through everything of Olymp Trade’s services, including account kinds, sample account features and login, how excellent, and how to execute strategy – in other words, it will answer all of your inquiries!
INTRODUCTION TO OLYMP TRADE INDIA
Since 2014, Olymp Trade has been in business as a trading platform. Traders can use a variety of instruments on their platforms to reach the markets of their choice. Aside from the trading platform, the firm offers free online education to its users to assist them better prepare for the markets and related trading methods.
Being a global internet broker with up to 30,000 daily active traders from Africa, Asia, America, and Europe, Olymp trade is registered and regulated by The International Financial Commission, in St Vincent & Grenadines.
In addition, Olymp trade services are globally available. However, in some countries like Japan, the United States, Israel, Russia and a few other, special regulations are required. Olymp Trade is widely available in India since binary options are not prohibited by the Indian government. In reality, Indian traders have their own customer service choices with the broker.
FROM THE RECORDS.
According to public records, Olymp Trade has been in the business since 2014, and with each passing year, the company keeps improving its trading platform.
Olymp trade in India has won the following awards:
- Awarded the Best Options Broker in 2017 at the Forex Expo.
- Awarded the Fastest Growing Broker in 2016 at ShowFx World.
- Awarded the Best Financial Broker in 2017 at the CPA Life Awards.
- Awarded the Best Options Trading Platform in 2016 at Le Fonti
Olymp Trade, being one of the most prominent brokers in the market, offers a simple user interface, excellent customer service, and a variety of ways to understand how the markets function.
It’s a platform that’s appropriate for both novice and expert traders, and the brand’s huge number of daily customers attests to the quality of service it provides.
2021 Olymp trade India facts & figures
The following are the most recent statistics and data about Olymp Trade India:
- Trade paid out $14,803,841 in trader winnings In May 2020.
- At Olymp Trade, the number of payments is rising at a pace of 8% each month.
- 267,256 registered traders transacted on live accounts In May 2020
- Every day, over 30,000 traders utilize Olymp Trade.
- Average trade size of $5.0 In May 2020
- Users completed 35,467,939 transactions In May 2020
- In May 2020, Olymp Trade had a turnover of $180,229,316.
- On Facebook, Olymp Trade has over 308,000 followers.
- A Category A broker according to the International Financial Commission
Olymp Trade is known to provide client service in eight languages 24 hours a day, seven days a week, and it takes only 10 seconds to answer.
OLYMP TRADE DISTINCT FEATURES
Olymp trade Analytics
This represents a collection of trading tools, including trading signals and an economic calendar, that assist clients in making profitable trades while limiting their losses.
The program provides trading signals on commodities, metals, forex, and equities, among other assets. Although they cannot ensure profits, they can significantly increase a trader’s chances of making profitable deals. Olymp Trade not only provides trading signals but also instructs traders on how to use them.
Olymp Trade Training
Olymp Trade not only provides opportunities for traders to make money but also teaches them how to make money. It employs a group of highly experienced analysts that are skilled at devising unique trading methods. They also provide one-on-one meetings and webinars to teach traders how to apply these trading methods to their advantage. Hindi, English, and Español are just a few of the languages accessible for trading instruction.
It is also important to note that Olymp Trade helps its users by providing free trading education in the form of webinars on Forex and fixed time trades and techniques.
OLYMP TRADE INDIA PLATFORM FOR TRADING
The Olymp Trade platform is simple to use, and the user experience is a priority. It’s clean, well-organized, and includes links that make finding what you’re searching for a breeze.
The Olymp Trade platform is available on the web, as well as a specialized desktop program and a mobile phone app. The website is simple to use and provides users precisely what they need to know to not only track their trades but also to trade effectively.
On the main page, there’s a clear, succinct chart with quantities and timeframes that makes it simple to grasp.
OLYMP TRADE INDIA ASSETS/MARKETS
Users of Olymp Trade have the option to trade in the following marketplaces.
- Exchange-Traded Funds (ETFs)
It’s worth noting, however, that instrument availability varies according to the trader’s location:
OLYMP TRADE INDIA SPREADS & COMMISSION
Olymp Trade is known to be one of the most competitive brokers in the industry. The reason is not far-fetched, his is because while testing a normal trial account, the spread level is around 1.1 pips
Spreads can differ depending on the user’s account category, with premium accounts having smaller spreads. Spreads are still competitive even on a basic account. In addition, spreads can change at any time depending on market circumstances.
OLYMP TRADE INDIA FEES
A fixed rate fee of 15% of the entire investment amount is charged on overnight trades.
Olymp trade does not impose an account maintenance fee, but if your account is dormant for over 180days, you may be charged an inactivity fee
This usually costs $15 per month. The account will be canceled if there is insufficient money in the account. In forex mode, Olymp Trade additionally charges a fee for each deal, which is determined by the size of the trade, the multiplier, the specification criteria, and the current market position.
OLYMP TRADE INDIA LEVERAGE
Depending on the sort of trade the user is considering, Olymp Deal’s leverage varies. On the Olymp Trade website, attractive leverages of up to 1:400 are advertised. For the most popular FX pairings, leverage is set at 1:20
This is a legally mandated threshold that is nearly the same across most authorized internet brokers. The leverage on minor pairings is 1:20.
OLYMP TRADE INDIA MOBILE APPS
There are specialized smartphone/tablet apps for Android and iOS users. You could easily access this app by searching for Olymp Trade on the Google Play Store or the Apple App Store, respectively.
For Android users, they may also simply download the official.apk install file directly from the Olymp Trade website.
Both smartphone apps have received excellent reviews in their respective app stores. Traders who operate from their smartphones don’t miss out on a responsive design that includes all of the same features as the online version.
Thus, giving traders a competitive advantage. Olymp trade allows them to make rapid decisions while on the go.
PAYMENT METHODS OF OLYMP TRADE INDIA
There are a variety of deposit and withdrawal options users of Olymp trade can choose from. Withdrawals, on the other hand, must be done using the same manner as the initial deposit This is typical industrial practice for preventing money laundering.
The following ways are available for making deposits:
- Card (credit/debit)
- Transfer of funds via bank
Almost all payments are handled instantly, however, it is important to also note that bank transfers may take several hours. Deposits are free of charge and do not incur any commissions, although your bank may charge you for transferring funds.
Withdrawals are processed quickly and using the same way as deposits. Almost all withdrawals are handled the same day, however, it is strongly advised by the operator that three working days be allowed.
However, users are seldom kept waiting for more than a day to get their cash.
OLYMP TRADE INDIA DEMO ACCOUNT
Olymp Trade provides a free demo account for users to try out their platform. This allows consumers to test if the platform is right for them before investing real money.
Every demo account is pre-loaded with a $10,000 virtual money amount. This trial account is beneficial since it helps novices to learn how to trade while also enabling experienced traders to examine Olymp Trade and get a sense of how the interface operates.
Users have access to all of the features of a paid regular account in demo mode, you just only register with an email address to activate a demo account, and they will not be required to submit any evidence of identification until they choose to register for a premium account.
OLYMP TRADE INDIA SPECIAL OFFERS & PROMOTIONS
Olymp trade claims to give trading benefits, according to the Olymp Trade service agreement. However, they do not reveal the withdrawal terms in their service agreement.
It’s important to remember that trading bonuses are prohibited in the EU and many other regulated markets, owing to the bonus’s extra withdrawal requirements and terms.
This is generally in the form of a minimum trading volume requirement, which might be too difficult, even for professional ones to meet.
New users are provided with promo codes which enables them to receive bonuses of up to 40%. New users will earn a 50% bonus on top of their initial deposit when they sign up with these promo codes.
OLYMP TRADE INDIA REGULATION & LICENSING
You should seek a platform that is adequately regulated by a reputable government organization before picking a broker. Olymp Trade is regulated by The International Financial Commission (IFC) regulates, which has its base in St. Vincent and the Grenadines.
However, the validity of the International Financial Commission has been questioned in the past, so consumers should do their homework before determining whether or not to trust Olymp Trade.
OLYMP TRADE INDIA ACCOUNT TYPES
Users can choose between two sorts of ‘real’ accounts after checking out the trial account. The following are some of them:
A $10 minimum deposit is all that is required to start a basic account. Investors can trade for as little as $1 and as much as $2,000. There are no limits on how much you may withdraw but then, the minimum withdrawal amount is $10. Spreads on the basic account are typically about 1.1 pips.
$1,000, at least, is expected to be deposited by users to be eligible for a VIP account. In comparison to the capabilities accessible on a normal account, these account categories provide some additional perks. VIP account members may conduct trades for up to $5,000 and have access to a VIP adviser. These advisors are seasoned financial experts who can help you decide which transactions to make. VIP account users get access to additional training materials that ordinary account holders do not.
While more account types would be good, most users should be able to find something to work with by selecting between a regular or VIP account.
OLYMP TRADE INDIA BENEFITS
Olymp Trade looks to be in good working order, and this might be a helpful method to gain access to markets that would otherwise need more cash. Additionally, conventional accounts are required for access to these marketplaces.
Olymp Trade appeals to the public since it offers a simple method to start trading. This form of investment, like any other type of trading, may not be suitable for everyone, since all market exposure entails some risk. It is up to you, the person, to comprehend the dangers and determine whether or not this is the correct method for you.
- Appealing spreads
- Leverages of up to 1:400 are possible.
- Multiple payment options are available, and MT4 is supported.
- Multiple languages are supported.
- There are 77 assets to select from with a low minimum deposit.
- Intuitive design
- The mobile app that is easy to use
Because you can only trade the underlying assets they provide, some of the drawbacks include a limited market range. You may also discover that the withdrawal timings and limitations may not meet your expectations. In any case, have a look at the service for yourself. As previously said, you may establish a demo account and use the site risk-free. There are two separate accounts to suit your needs once you’ve achieved a degree of familiarity and comfort. Olymp Trade looks to be a trustworthy organization, but you must verify this for yourself.
- Non-verified accounts have withdrawal issues.
- Concerns about shady regulations
- Bonuses with ambiguous words
- There are only two sorts of accounts.
OLYMP TRADE INDIA HOURS OF TRADING
The Olymp Trade website is available 24 hours a day, seven days a week, 365 days a year. Essentially, investors may trade through mobile and desktop devices whenever (and wherever) they choose.
Since Olymp Trade may be viewed at any time, trading is only possible during the hours when your chosen market is open. The London currency market, for example, is open from 3 a.m. to 12 p.m. GMT. The currency market is open in New York from 5 p.m. to 2 a.m. GMT. It opens between 7 p.m. and 4 a.m. GMT in Tokyo.
There are generally chances to trade at any given moment, however, you may be limited if you only trade on specific marketplaces.
OLYMP TRADE INDIA CONTACT DETAILS/CUSTOMER SUPPORT
Olymp Trade provides customer service in eight languages around the clock. The firm takes 15 seconds on average to react to consumer concerns and questions. Customer service for Olymp Trade is accessible 24 hours a day, 7 days a week via the following methods:
OLYMP TRADE INDIA SECURITY & SAFETY
To keep your data safe, the Olymp Trade website employs the most up-to-date encryption technology. Customers may use eWallets to finance their accounts, which means they don’t have to give the platform their personal financial information.
OLYMP TRADE INDIA FAQS
Two-factor authentication is a service offered by Olymp Trade that provides an extra degree of protection to your account. The online broker will require you to input a code that only you know when you log in. This extra layer of protection safeguards your account from anyone who obtains your password. Authenticators are available from Olymp Trade in two forms: a code delivered to your confirmed cell phone number and a code obtained from Google.
Your account information is verified by Olymp Trade to Confirm your identity.
Maintain a secure environment.
Prevent unauthorized access to your account.
Double-check that you are the legitimate owner of your trading account.
Follow the legal agreement’s rules.
Olymp Trade does not charge for deposits or withdrawals because the online broker covers all commissions. If traders do not make any transactions for 180 days, the online broker imposes a fee of $10 or its equivalent in other currencies.
The volume of trade is determined by the hours when major trading floors are open for business. When significant economic news is released, it rises. Trading sessions in the United States and Europe are the busiest. The American session begins at 1:00 p.m. UTC and concludes at 10:00 p.m. The European session begins at 6:00 a.m. UTC and concludes at 3:00 p.m.
Olymp Trade is extremely popular, with a one-of-a-kind and intuitive user experience that makes trading as simple as possible.
It’s simple to understand why thousands of individuals utilize this site every day, thanks to competitive spreads and a wealth of instructional tools. Aside from the regulatory problems, Olymp Trade is highly recommended for both novice and seasoned traders.