I am on Forex since 1995, so a 17-year experience allows me to be sure while confirming that the professional level of the company is fully agreeable with the today’s requirements of a currency market trader. During our research we found multiple issues connected with regulations and safety of Olymp Trade, thus we do not rank positively Olymp Trade, based on our Expert Opinion with over 10 Years of experience in Forex Trading. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Olymp Trade is a trading name used by Smartex International Ltd., a company that provides options trading services and is registered in St. Vincent and the Grenadines. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if no requirements to the company operation. The company provides first-class services. Unfortunately, it is not the case minimum deposit for olymp trade (encoinguide.com) Olymp Trade since the company only holds membership in the international Financial Commission (FinaCom). After getting a verified member of FinaCom in 2016, the usage of Olymp Trade has now become risk-free. Olymp Trade is also a member of FinaCom.
How trustworthy is Olymp Trade? Olymp Trade Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. However, not everything is bad about this broker.Their effective bonuses are quite high compared to competitors and the absenceof any commissions or fees allows you to keep most of your profits. Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. As a trader investing your money with this broker, you can rest assured that your money can be recovered in case the broker goes down. Trading with the demo account for a specific period will give you sufficient knowledge and make it easy to understand when to start investing in real money. The demo account includes access to all features of the real standard account. Here is a real money account which is traded in public! To have access to the Indian stock market from the US, you will have to either open an account with an international brokerage firm regulated by the U.S.
The company claims to be one of the fastest-growing companies that deliver access to trade to the client at any level, increasing its trading volumes daily and currently closing around 32M trades per month. Olymp Trade offers a mobile app. Being available via mobile app is also one platform specific feature we particularly liked. Their mobile app is responsive and has the same capabilities as the desktop and web versions. Internet Marketing – a form of marketing that uses the Internet and World Wide Web pages as a medium. Moreover, the broker received numerous awards, the world industry recognition for their services, options trading platform, fast growth and innovations. Based on our finds we can state that overall the company’s offerings are among the competitive ones along with its reputation, but generally, options are a high-risk investment due to its nature of trading, as well as the unlicensed environment of the Olymp Trade company puts some question marks either to enter the trading or not.
This recurring problem formally limits investment options and forces some traders to create multiple accounts on different brokers in order to be able to trade their favorite assets or trade in a different market. On the flip side, some commission-free traders may sell your order flow, which in turn affects your overall profits. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Some of these include understanding the strategies of the market, managing risks, to not expect to win on every trade, and to do lots of research on what the current statistics and data are. As Olymp Trade is not regulated by Indian authorities, various Indian banks are not dealing with the platform directly, only some international Debit/Credit are accepted on this platform. If you are more interested, click the link down below to sign up and check them out yourself.(Video) OLYMP TRADE REVIEW: SCAM OR LEGIT?