What Is Olymp Trade?
Since its inception, the broker has become one of the most reputed online brokers owned by Saledo Global LLC First Floor, First St. Vincent Bank Ltd Building. The broker has its headquarters in St. Vincent and the Grenadines. Olymp is a broker that caters to several millions of users around the world. It provides over 80 plus trading instruments including currencies, shares, indices, cryptocurrencies, and commodities.
Since 2016, Olymp Trade has been a member of FinaCom (the financial commission) even though this broker is not regulated in North America and Europe. Further, the membership is offered only to companies that ensure the protection of their customers by covering up to 20,000 Euros that comes under the framework of the Finacom compensation fund.
Features of Olymp Trade
Here are the few important features of Olymp Trade:
It offers an array of trading assets in indices, major currency pairs, cryptocurrencies, stocks, commodities, from well-known companies like Microsoft, Apple, and IBM. The platform offers an intuitive interface for inexperienced traders.
Olymp Trade’s minimum deposit to trade on the platform is as low as $10; this helps the traders to proceed with trading on the Olymp Trade website without the need to deposit huge amounts of their own money.
The broker offers different account types like ECN account, extensive training materials for its users, an array of educational materials to help users add value, and supports auto trade on the platform. It also offers webinar sessions, news, analyst help, price charts, an economic calendar, and a large number of tools for successful trading.
As per our Olymp Trade wonderful review, the platform is of high quality, has a great user-friendly and simple user interface. This helps users to auto trade anytime and from anywhere. The platform can be accessed on both mobile and desktop; Expert traders can also access MetaTrader 4 which is supported by this broker.
It offers a mobile trading app; users can make use of this mobile trading platform and it is available in both the versions of Android and iOS, which can be downloaded from the Apple app store and the Google Play Store. The user can download the app and they can trade real money online on the go.
This broker has “Olymp Plus” which is known as the encyclopedia of the different trading information that is offered in an intuitive and simple design. The users are offered exposure to tutorials, financial markets analysis in the form of videos, time-tested strategy, tips on various experts, latest news, and market news and updates.
Is Olymp Trade Regulated?
Olymp Trade is the best financial broker and is regulated by the Financial Commission from Hong Kong. If any external disputes need to be resolved this can be carried out with this commission. It is also registered as a category A class broker. If there are any complaints against the broker, users can appeal to the Finance Commission to solve their disputes. This regulatory body offers legal assistance to resolve any issues and it can obtain a compensation of up to 20,000 Euros.
Olymp Trade India Review: Pros and Cons
