Olymp Trade – platform overview
Olymp Trade, present on the binary trading market since 2014, is one of the most efficient platforms that teaches you how to trade online and offers you a chance to gain money at a fast pace. The platform’s analysts are professional and develop strategies which they teach to traders and allow them to make intelligent decisions. Traders can also benefit from private and individual consultations with the teachers that speak several languages.
More than 20,000 people are trading daily on the Olymp Trade platform. The company is trustworthy because it is a category A member of the International Financial Commission, a proof that shows the honesty and top-quality services that the broker offers. Olymp Trade has received several awards that certify its reliability, professionalism and high standards among the top brokers in the world. We can mention the following awards attributed to Olymp Trade: the “Innovative Broker Award” awarded by the International Association of Forex Traders (IAFT) in 2017, the “Best Financial Broker Award” offered by CPA Life Awards in 2017, the “Best Options Broker” received on the occasion of KROUFR Awards in 2016, the “Best Options Broker” awarded at the Forex Expo 2017, the “Fastest Growing Broker” received at the ShowFx World 2016 and the “Best Options Trading Platform” Award offered by Le Fonti in 2016.
The Olymp Trade website offers 24/7 customer service support in eight languages and it takes about 15 seconds for a representative to answer requests, solve issues and give advice. There is also a traders’ club which offers the possibility to talk to fellow traders, exchange ideas, share personal experiences and ask questions. On top of all the benefits, the platform organizes contests, gives VIP exclusivities and offers exceptional proposals and bonuses. The broker’s unique approach includes a special feature like the VIP account, which allows traders to consult a professional and receive guiding on the best strategy that should be used in order to succeed, thus increasing the chances to win more money in a short period of time. The VIP members have their profit boost to 92% on a trade, receive a well-thought-out plan from experienced analysts and are guided on their way to success.
Olymp Trade proposes a demo account for beginners or for those who just want to try out a new trading platform, before switching from the old one to the new one. It requires a simple registration that automatically sends in virtual money, worth $10,000.
Olymp Trade is dedicated to entry level trading and it hasn’t the accounts like we usually find on other platforms, such as platinum or gold membership, but on the contrary, there are only two options, the standard and the demo one. The platform has one type of trade, the High/Low one, which implies a simple and easy to use system, that is choosing the asset firstly and then, forecasting on the possible fall or rise within the time limit, which is usually the end of the same day, so we should keep in mind that it is a short-term trading.
The Olymp Trade platform can be used on any device, because the app has a user-friendly interface that matches all gadgets. Technology plays an important role in attracting new customers, building long term relationships and communicating faster. Olymp Trade made important decisions in terms of offering the best trading conditions, as the company created the mobile platform for Android and iOS, with the aim of meeting the demands of even the most pretentions clients on the binary options market. The desktop version has become common and obsolete, mobile trading being the fastest way of investing and achieving the expected results.
The Olymp Trade platform incorporates several special features and is perfect for people who don’t want to risk heavily, being immersed step by step in the online trading universe. The website is easy to handle and understand, as well as the binary options system that the company provides.
One can deposit money through wire transfer, credit card or by e-money transfer services like Neteller. Wire transfers imply waiting more before the money is deposited, in comparison to the standard credit card method which allows instantaneous deposits. Traders can withdraw their funds whenever they want. The payout speed is increasing annually. Member accounts must be completely verified in order to ensure withdrawal without any issues. Traders usually receive their money within maximum 5 days in the same account that they used for deposits.
Traders make financial transactions easily, withdrawals being possible in 24 hours, whereas the deposits are processed immediately. No limits and no fees are established for withdrawing money. The system is easy to use and offers seamless options for trading. There is a minimum sum to deposit before starting to trade and that is $10. The minimum sum to trade is $1.