Information, advantages and disadvantages of the broker platform
Olymp Trade is a new but ambitious binary options broker. In fact, it combines the best existing functions in the industry with an easy-to-use platform and a user-friendly interface, thus establishing a completely new level of quality of service.
The broker turns out to be ideal both for professional traders with many years of experience and beginners: for the latter, in fact, there is the possibility of creating a demo account, which can be used simultaneously with a real one, while for the most experienced users there are numerous tools aimed at analyzing and improving the understanding of the market. But not only that: among the advantages of this broker there are also the low minimum amount for a deposit, the mentorship of the trader during the course with free and in-depth trading lessons, analysis of the market with professional tools, and an incredibly efficient customer support service.
Olymp Trade offers a wide range of investment instruments: 8 currency pairs, commodities, indices, individual securities and the bitcoin index, plus the classic “call/put” binary options, with an expiration time ranging from one minute to three hours. The most popular currency combinations in the platform include EUR, USD, RUB, AUD, CAD, CHF, GBP and JPY, but gold, silver and oil are also available. There is the possibility of trading with stock indices such as Dow Jones, DAX, S & P 500 and Nasdaq, and with a wide range of individual corporate securities, including Apple, IBM, Microsoft, Coca-Cola, Facebook and other multinationals. In addition to this, Olymp Trade also offers 24-hour trading in Bitcoin.
Some numbers: the minimum deposit with which you can top up your account (not demo) is 10$ or 10€. The minimum amount necessary for trading is low too: 1$ / 1€. As for the demo account, however, there is something new: unlike most other brokers, on Olymp Trade you can use a demo account in parallel with a real one, passing from one to another with a special link. Every trader can experiment with 10,000 “demo-dollars” in order to safely develop his/her skills and to test trading strategies. The only difference between the demo account and the real one is that virtual funds can not be converted into real money and you need to make a real deposit to start real trading.
The welcome bonus is excellent: it reaches up to 50% on the first deposits, depending on the amount deposited; it is important to note, however, that the bonus can only be used for trading and it is not available for withdrawal. The latter is generally free, there are no withdrawal fees.
A particular note on security: Olymptrade is regulated by the FRRMC (Financial Regulation Relations Center Center) reference number 0395AAVv0074, which guarantees the reliability of the trading platform and offers its customers advantages such as the resolution of legal disputes and the filing in case of brokers violations.
But there is also a negative aspect: at the moment there is no app for Windows. Only standard mobile applications are available for Android and iOS, a complete app for Windows has not been announced yet.