Olymp Trade Is Real Or Fake
Risking very small amounts of money to start this transaction from demo account to real money trading is indeed very helpful. You train your mind and emotional muscles with $10 first, then gradually raise it to comfortable amount. The trick worked for me and this is something I would definitely suggest everyone to do.
I mean the possibility to trade with fixed amounts and multipliers. When I’m getting familiar with a new asset, I set the lowest trade parameters not to lose a lot. Once I get along with the asset, I gradually make those settings riskier to count on greater profitability.
I completely agree that trading with unregulated brokers is dangerous. This was the reason why I chose OT to be my broker. They comply with the regulation of FinaCom and they are on the market since 2014, which is a decent term to build some reliable reputation. The other reason is the beautiful simplicity of their trading platform, which I’ve never met anywhere else. It does not require preinstallation and you can understand the purpose of every button intuitively.
It has several trading tools that help the traders to maximize their profit potential by trading on the platform. It is the best option for new traders who want to learn about prosperous trading. This platform also offers training and educational materials that are useful for investors who would like to start trading on the platform. The users learn about risk management to start trading with Olymp trade with a minimum deposit of $10 and this platform charges a 0% fee on withdrawals and deposits.
Minimal deposit sum for vip status is 2000$, but the advantages are worth it. Newbies should better not risk like that straight away. They need to start with the minimal deposit of 10$.
But you can trade on your own, for example, they have indicators of how other traders trade at the moment. You can see how they trade on an asset and copy the deal. This does not require any special knowledge or a lot of time. And to contact someone from Olymp Trade, you can email them or write them in the contact form right on the website.
I’ve immediately lost 60$ cause I traded without a strategy. So I thought I’d be more serious and added a couple of indicators to the chart and followed a strategy. And, oh my god, in a couple of days I traded back the money I lost.
Olymp introduced its own trading platform and it offers fast orders execution, there are only minor lags sometimes. The only disadvantage I can mention is that you can withdraw your profits only with the same method, you used to make a deposit. Olymp support team explained me that’s olymp trade cause of security reasons, but sometimes it can be really inconvenient. On the other hand, the minimum deposit is 10 dollars, so you can make this deposit to add payment method to withdrawal options.
Before I opened a trading account with Olymp I heard a lot about fixed-timed trading. Buried under controversial reviews, I decided to check out what this fixed-time trading is. Olymp Trade is the first company practicing this type of trading I found online. I can’t say a lot of good things about Olymp Trade.
I’m not sure why, but they are being treated like small children who are unable to take care of their own capital. So the government is saying them, you should only invest in our stock markets. No trading, no suspicious assets, no cryptocurrencies.