Olymp Trade India

Olymp Trade is a multi-asset trading platform that is owned by Saledo Global LLC, registered at: First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines. It was launched in 2014 and has grown repidly; 25.000 users are trading every day. Olymp Trade offers Fixed Time Traders and FX. It is quite different from other platforms as they offer an extensive range of assets. Also, another reason why Olymptrade is uniquely different from other financial services, is its low entry level & free demo account available for every trader.

Olymp Trade Platform

Introduction

Trading at Olymp is quite interesting as you get to enjoy trading with a deposit as low as $10. Additionally, the minimum trade you can make is $1. Clearly, with this kind of figures, it seems unlikely that they place their interests in the big time traders. That said, in this review, we will take an in-depth view of Olymp Trade and some of the key factors that make it unique. This review will uncover why this platform is different from competitors, how its simplified system makes it unique, and the different types of accounts and bonuses available. However, before we take a peek at these highlights, let’s take a look at its functionality and how you can open an account and start trading.

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Is Olymp Trade reliable?

Is Olymp Trade Regulated?

Olymp Trade has A category membership of the Financial Commission, which proves beyond doubts the high quality of its services. Financial Commission members guarantee deposit insurance, instant resolution of various issues, and excellent support for all traders.

Only honest and reliable businesses that have repeatedly proved themselves capable of delivering high-quality services are eligible to become members of the Financial Commission. You can view Olymp Trade's Financial Commission membership certificate any time you please.

Please remember, that transactions with financial instruments offered by Olymptrade involve substantial risk and trading may be very risky.

Facts and Figures 2020

Here are some interesting facts and figures about Olymptrade:
  • Last month, the company paid traders $13,703,840 in winnings. The payout rate is increasing by an average of 7 percent every month.
  • Currently, Olymp Trade India has a community of over 25,000 active traders. Last month, 247,256 traders made trades on live accounts.
  • In March, 2020, the average trade size was $5.1 and the financial service closed more than 35,450,900 trades.
  • Last month's turnover was $179,229,000 (March, 2020).
  • In 2018, Olymp Trade won Le Fonti's Best Trading Platform Award, The Forex Awards' Best Trading Platform Award, and the Traders Fair's Best Traders FB Community in Thailand Award.
  • 24/7 customer support is available in 8 languages (including Hindi) takes an average of 15 seconds to respond.
  • Here you can read about real user experience with Olymptrade trading platform.

How Olymp Trade Works

Olymptrade offers one of the most efficient trading methods that has proven to work on the majority of the trading platforms. This method enables the trader to make predictions on the different types of markets or assets available on the platform. If you choose to trade on currencies, you are simply required to click on the rise or fall direction to make your predictions. You will find a trading chart on the left side of your screen and several added features such as technical indicators and analysis.

Additionally, at the bottom of the screen, you will find a trading history that will enable you to have a quick overview of the market position with it first glimpse. Nonetheless, before you successfully conduct any trade, you need to be open an account. Whether it’s a demo account or a real account, you will have to log in and register as a member. So, how do you go about this?

How To Open A Demo Account And Start Trading

Before you decide to open an account at Olymp Trade, you should know that there are two types of account available. You can either choose to open a demo account or a standard account. Let’s take a peek and find out the main difference.

  • Demo account

Even the most professional player started as a beginner, right? Of course, a beginner at any new trading platform starts with a demo account. It is necessary to first register with a demo account and proceed to the real money account when you are fully equipped with the necessary trading skills. So, how do you open a demo account? Below is a step-by-step guide to help you through the registration process. Follow these steps to successfully attain a demo account at Olymp Trade.

  1. Step #1 - Visit Olymp Trade’s official website.
  2. Step #2 - Click “open a new account”.
  3. Step #3 - Sign in as a member and confirm with your email address.
  4. Step #4 - Confirm the terms and condition and choose the demo account to start trading.

You can utilize the given virtual money in your demo account for practice.

Click Here To Try Demo Account.
  • Standard account

This is simply an advanced demo account. However, to participate in this platform, there are several conditions that should be met. Firstly, you are required to make a minimum deposit of $10. This deposit will grant you access to a whopping 10,000 as virtual money in your demo account.

Trade Types And Payouts

Typically, many companies offer 6 or 7 types of trading instruments. They include high/low or call/put, one touch and long-term, and ladders and pairs. However, with Olymp Trade, there is only one type of trade, which is basic or high/low Fixed Time Trade. To help you get a good understanding of how Olymp Trade works, let’s take a detailed look at its Fixed Time Trade (FTT).

  • Fixed Time Trades

When you have a minimum of $10 as your deposit and choose to trade high or low, it acts as the good chance for you, especially if you are a beginner. Nonetheless, if you are a pro, there is an even greater benefit as you will get to choose your gold or silver, currency pairs, or your desired assets and start trading with a minimum amount of as low as $1. Although the expiry times are limited for only 24 hours, you get to enjoy their platform.

Design And Layout

If you are a fan of glamor and design, you will definitely love the design and layout incorporated in Olymp Trade. Its buttons and navigation keys are strategically placed to enhance beauty and simplicity. With their desktop version, the first notable feature is the massive trade chart seems to cover more half of the page. It has clean lines and a timely response to ensure your trading experience is top-notch. On its right side, you will find an up and down navigation keys colored green and red respectively. Below it is a timing and amount section strategically placed alongside the massive trading chart.

To keep track of your trading history, the website has a separate section below the chart. You get real-time information on your open or closed trades. Further, you can initiate a chat with the support team at the very bottom of the page. If you are a VIP member, you can chat with your personal Manager at the bottom right-hand side of the page. Its sleek design and layout will make you love everything about Olymp Trade even before you start trading.

Olymp Trade Unique Features

Clearly, you won’t miss one or two things that make Olymp Trade quite an exceptional trading platform. The most notable thing, from the moment you set your eyes on the platform, is its uniqueness. There is no doubt Olymptrade is definitely different from the majority of the trading platforms. Topping the list is its trading tools. It has quite a number of trading tools and resources that work on enhancing their client’s trading abilities.

Additionally, the education section has numerous materials to guide new traders on how to successfully make a trade. Further, there is a free ebook, webinars, and interactive tutorials where traders can access all the information they need about trading. This information is absolutely and will only take 1 or 2 seconds to download them.

Academy

Olymptrade also offers another important trading tool called "Analytics". Click on the Analytics link in the main menu on top of the website and you will be taken to the following set of tools:

  • Economic Calendar - This is a real-time economic calendar from a third party called Investing.com.
  • Trading Signals - Get trading signals from a variety of assets such as forex, stocks, indices, and commodities. Trading signals are pieces of information obtained through the use of technical analysis tools. Traders can use signals to make accurate predictions and win their trades. However, they must note that using trading signals is not a surefire way of winning although it can considerably improve your chances of making successful trades. Olymp Trade offers complete information on how to use trading signals.
  • Olymp Trade App & Mobile Platform

    You haven’t traded with an awesome mobile platform until you try Olymp Trade. Of course, with the current trading trend, you will need a mobile app that will be fast, reliable, responsive, and up-to-date. Olymptrade understands the importance of technology, in the current digital world, and, therefore, provides a reliable mobile app with an up-to-date functionality that is compatible with both iOS and Android devices. This application is more-of-the-same as its desktop version but has several add-ons that improve on its accessibilities and responsiveness.

    Olymp Trade Mobile App

    Olymptrade Academy

    If you want to learn and trade with the pros, Olymp Trade Academy is the place to be. The platform offers a learning institution where beginners and professional traders can sharpen their skills at a reasonable fee. The Academy is run by professional traders who ensure you are updated with the latest skills required in the trading world.

    How to Despoit and Withdraw Money from Olymp Trade in India?

    Making a deposit or withdrawal at Olymp Trade is quite easy and precise. If you want to enjoy quick transactions in this platform, it is advisable to use e-wallets. Also, to enjoy these services without difficulties, ensure your trading account if fully verified. Below is a highlight of their payment methods and their corresponding minimum and maximum limits.

    • Deposit

    Payment method

    Maximum limit

    Processing time

    Visa

    No limit

    24 hours

    Neteller

    No limit

    24 hours

    Skrill

    No limit

    24 hours

    Webmoney

    No limit

    1-5 business days

    Qiwi

    No limit

    1-5 business days

    Wire Transfer

    No limit

    1-5 business days

    • Withdrawal

    Payment method

    Maximum limit

    Processing time

    Visa

    $10,000

    24 hours

    Neteller

    $10,000

    24 hours

    Skrill

    $10,000

    24 hours

    Webmoney

    $10,000

    1-5 business days

    Qiwi

    $10,000

    1-5 business days

    Bank Transfer

    $10,000

    1-5 business days

    How to deposit and withdraw money?

    Customer Care Support

    This is one of the highest rated features in Olymp Trade. Their customer care service is quite exceptional as you get to enjoy support from emails, support forums, telephone numbers and many more. They operate 24 a day via email, phone numbers, or live chat. With Olymptrade, you can be guaranteed they will hit you back immediately or after some few minutes.

    Here are the various ways to get in touch with a customer support agent:

    1. Hot Line - You can call Olymp Trade India from the toll-free number 000-8000-402-044. This hotline is available 24/7.
    2. Email - You can send an email to [email protected] and expect a response in 24 hours.
    3. Live Support - Click on the Open Chat button on the Support page to launch the live chat window and interact with an online consultant.
    4. Online Contact Form - Use the online contact form on the Support page to connect with a customer support agent. Enter your first name, surname, email address, message, and telephone number before clicking on the blue Contact Us button.
    5. Social Media – YouTube and Facebook.

    Frequently Asked Questions

    • ⚖️ Is Olymp Trade Legit?

    Yes, it is 100% legit. You don’t have to worry about being scammed - this platform is checked and vetted by a highly experienced team.

    • 🇮🇳 What Bonus Is Available For New Traders from India?

    Olymp Trade specializes mostly on the entry level by providing their clients with a minimum deposit of just $10. However, although they do not offer lots of attractive incentives, they reward their clients with occasional bonuses from time to time plus additional rewards for referrals.

    Expert Accounts are available for VIP Traders. To become a VIP a one-time deposit of $2 000 or 2000 euro, depending on account currency.

    Expert Traders’ benefits include personal VIP consultant, private strategies and webinars, increased profit on a trade – up to 92% and risk-free trades.

    • 💵 What Is The Minimum Deposit?

    With a minimum deposit of just $10, you get to enjoy trading with Olymp Trade. Further, you get access to 10,000 as virtual money in your demo account. The minimum trade you can make at Olymp Trade is $1. Indeed, there is no better way to get acquainted at any trading platform than Olymp Trade’s $1 trade and a free demo account.

    • 🔑 I forgot my password, how do I reset?

    Click on the “forgot password” and a reset link will be sent to your registered email. Use the link to set a new password and continue trading with Olymp.

    • 📱 Do they have a mobile/tablet app?

    Yes. Olymp Trade has one of the best mobile applications in the market. You can find it in the Google play store or iTunes.

    • 💳 Can I withdraw funds from my demo account?

    Unfortunately, you cannot withdraw the virtual money in your demo account. This amount is used for your practice and you will have to make a deposit in your real account and make a successful trade to enjoy withdrawals.

    • 🔒 Can I open another account?

    No. Olymp Trade limits its clients to one account per person.

    Contacts

    Hotlines: Cape Town, India +27 (21) 1003880
    Email: [email protected]
    Live chat: Yes

    Customer Support Languages

    English, Hindi, Turkish, Spanish, Portuguese, Thai, Malaysian, Vietnamese, Indonesian, Russian.

    Olymp Trade Service Agreement

    Before registering with Olymp Trade or any other financial company, it is important to read the Service Agreement to fully understand what is expected of both parties. Many times, and individual overlooks these details and it costs them should an issue arise. Typically the Service Agreement is fairly straight forward, but it is up to you to determine if you agree with the content. For example, section 5.3 states Olymp Trade can refuse communication if you use profanity, an emotional valuation, or speak ill of the company.

    Also, ensure that you understand the laws with which the company is governed; in this case it is Saint Vincent and the Grenadines.

    Overall Conclusion

    The overall conclusion is Olymp Trade can potentially be a useful way to gain exposure to the markets, without opening traditional brokerage accounts. Difficulties in traditional trading accounts include the margin requirements and having the right software in place. With Olymp Trade, they offer educational information, webinars, and a demo account for those that are new to the platform. Certainly this type of trading is not for everyone and involves risk. However, it is up to you to determine if it is the right fit for you. Some other potential drawdowns to consider include the limited selection of equities as well as the limited selection of trading products.

    Check out Olymptrade’s official website and see for yourself. If you have any specific questions, email the company directly. Also, if you have any experience with the company's trading platform or have information relating to the other products and services, leave a comment below for others to view.

    Based on the platform’s prognosis, there is no doubt Olymp Trade India is a huge player in the FX and Fixed Time Trading marketplace. In addition, their approach towards the new and inexperienced trader is amazing. If you are struggling to find your kicks in the trading world, this is definitely the place to be. So, do you want to start as a trader? Visit Olymp's official website and give a shot.

    Try Olymp Trade Now & test it!

    Pros & Cons

    Benefits

    • It is Popular in India with platform localazed into Hindi
    • It has a very low minimum deposit
    • Its customer care support is outstanding
    • Popular in India deposit and withdrawal methods are available for the traders
    • Offers VIP Program, including risk-free trade incentives & personal cunsultant
    • It has a trading academy

    Drawbacks

    • It has limited assets.