Is Olymp Trade Legal In India
This will open a pop-up dialog box which will prompt you to enter your login details. There is no need to worry about hackers, as Olymp Trade offers you just the contracts for trading. So you do not have to store any cryptos in wallets that can be taken apart by hackers in minutes. No longer do you have to wait to profit only when you buy on an exchange. Avoid the complexities and risks of trading on crypto exchanges.
According to the company website and other sources, OLYMP TRADE traders have access to bonuses from 20% to 50% for making deposits. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.
OlympTrade seems to be geared towards new traders who are interested in trading more as a hobby than a profession. The website lists the average trade size for the “last month” as $4.7 with 37,990,740 closed trades for a total trading volume of $171,236,104. This would leave the average trade size at $4.5. It does show that there appears to plenty of trading activity from the retail crowd.
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$.
Then I go and enjoy a good time with friends and family. In order to satisfy my curiosity I glance at Olymp mobile from time to time to find out whether the situation has changed significantly or not. As a responsible broker, Olymp Trade seeks to minimise those risks and create happier customers.
I’ve immediately lost 60$ 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.
Beginners appreciate a small initial deposit of ten bucks, while professionals can benefit from the possibility to trade with multipliers and fixed amounts. It allows to make your trade either risky or relatively safe. If you want to risk more, you can enter the market with a high multiplier value and a big fixed amount. In this case, your potential gain will be big, but your risk is big too. On the other hand, if you use less risky parameters for your trade, you will not lose a lot, while your potential gains will be small too.
Here you can feel olymp trade real freedom and work according to the strategies and time that is convenient for you. The terminal allows you to do this and you can even potentially count on higher performance in your personal statistics if you follow them in detail. I’ve been trading for about half a year now and I must tell you guys, that you should never, never ignore economic calendar! Forgetting about important economic releases is no good in a long run.
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.