Is Olymp Trade Gambling
What I like most about Olymp Trade is that I can work here on my own and nobody imposes their help. Yes, there are always technical moments and questions. You should not hope that you will find the ideal platform or broker that will make a profit when trading without any strategy. After all, your result depends only on you, your approach to trading and your knowledge.
Its minimum deposit starts at $10 and I was completely fine with it. As a result, I got a free training from a broker and started my trading. When I only started I knew that it would be hard for me, but Olymp Trade made my experience as positive and easy as possible. It’s actually very rare for a broker to take care of all his clients, regardless of their financial capacity and willingness to invest large sums. Compared to other options i really think olympic trade is reliable.
OlympTrade seems to be geared towards new traders who are interested in trading more as a hobby than a profession. The website lists the average trade size for the “last month” as $4.7 with 37,990,740 closed trades for a total trading volume of $171,236,104. This would leave the average trade size at $4.5. It does show that there appears to plenty of trading activity from the retail crowd.
He broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Truthfully, olymp trade for me became more than just a broker, y'all know... There are special communities devoted to olymp trade in facebook. I always chat in FB groups with traders and we discuss different things concerning trading and not only it actually. Join the community in various social networks, where you can receive additional knowledge from real traders who daily trade with olymp trade. One of the final items to consider when opening an account, regardless of the platform is to review the terms and conditions of the company.
According to user reviews, this broker is rated above average but caution is always recommended in the trading business. A Forex broker like OLYMP TRADE provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers.
There is no spread , but there is a brokerage fee that one has to pay when executing trades or holding them until the next day. Clients can use Fixed Time Trades and Forex modes on the platform. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. The same method that was used to fund an account must normally be used to withdraw money.
Our developers, financial experts, personal, and support managers are making every effort to make your trading more comfortable and profitable year after olymp trade review year. Traders from all over the world trust Olymp Trade. The platform interface is localized into 19 languages. Olymp Trade is a category A member of the Financial Commission , which confirms the company's reliability and the high quality of services.
As professional traders, we can tell you that there is nearly no difference between the order execution in the demo account and in the live account. The demo account is filled up with 10,000$ and you can change it with one click between the demo account and the live account. In the picture above you see how you can do it. That means you can deposit virtual money on the account if you make a loss for example. When the request is received, it is processed within 24 hours; in several cases, this broker credits the funds within a short time. At the same time, if there is any problem the process of withdrawing money can take up to more than 5 days.
Olymp offers decent spreads and commissions policy and it doesn’t swallow all of your profits if they happen to occur. Everything works fine in demo, as soon as you go live everything turns to shit. Chart freezes, prices zoom the other way to impossible levels so you can never end in the money. In fact prices just zooms the other way and freezes moments after places the “trade”. I recommend that you start in the Olymp Trade education section in the platform. It is an additional application of Olymp Trade that focus on trading education in general.
From there, you choose the method and submit your request. The maximum withdrawal period is 5 business days but Olymp Trade makes every attempt to process your funds within 24 hours. Even at the longest length of 5 days, this is a respectable withdraw timeframe. The first reason is it lets you test-drive the platform without risking your hard earned capital.