Overview of binary options broker Olymp Trade
Olymp Trade Broker: reviews, bonus, rating and review
- Minimum deposit: $5
- Minimum bet: $1
- Bonus: 100%
- Demo account: yes
If you need a modern and revolutionary binary options broker, then head to Olymp Trade. Only with this broker you will find the most favorable and loyal conditions, use an advanced terminal for trading. Olymp Trade broker has a variety of indicators, excellent analytical service, and high payout levels in its arsenal.
Also under the hood of the broker are the latest achievements and techniques of option trading. The main profile of the Olymp Trade broker is binary options trading.
A detailed review of the binary options broker Olymp Trade
General information
Binary options broker Olymp Trade was registered in 2013. Geographically located in Cyprus.
Olymp Trade broker has the lowest deposits among competitors at the moment — only from $ 5. Transactions can be made from $ 1.
Terms of trade
- The profitability of trading is up to 80%
- Compensation of losses – up to 50%
- The minimum deposit is $5
- The minimum bet is $1
- Demo account — Yes
- Mobile version – Yes
- Training of traders – There is
Trader Registration
The registration process is simplified to a minimum. To start trading, you need to specify several points of your contact information. I am pleased with the possibility of instant registration using your profile in one of the popular social networks.
Of course, in order to use the full functionality of the broker, in the future you will need to provide more complete information about yourself — contact details, date of birth, withdrawal methods.
But to start trading, and especially to use a demo account, a simple registration in a few clicks will be enough. Most of the positive reviews about the Olymp Trade broker begin with the simplicity of registration and the easy start of trading on binary options.
Trading Platform
It is safe to say that Olymp Trade broker has one of the best binary options trading platforms! Here is just an incomplete list of the advantages of the Olymp Trade terminal:
- Switching timeframes
- Candle charts of quotes
- Technical indicators
- Scaling of quotation charts
- The levels of open trades directly on the quotation chart
- A panel of open positions with a convenient time frame for the transaction
- Accurate quotes
- Binary options trading for 60 seconds using non-stop technology
- Expiration dates up to 3 hours
- Instant opening of transactions with no slippage
The presented set of indicators allows you to successfully compete with top brokers. It is very doubtful that even in the near future you will be able to find similar functionality from at least one broker. This allows you to trade binary options much more efficiently, and therefore more profitable! And therefore it is very logical to have a huge number of positive reviews about the Olymp Trade broker.
Trading assets
- Currency pairs in the amount of 10 names.
- Commodities – gold, silver and oil (Brent).
At first glance, it may seem that the number of assets (13 pieces) is very insignificant. But, as practice and statistics show, the vast majority of traders usually use no more than 2-3 assets in their work. So the set of assets offered by the Olymp Trade broker is quite enough for successful binary options trading, especially when you consider that the payout amount for all trading instruments is fixed and is 80%.
Not many brokers can boast of such stability and the size of payments, and this will provide you with profitable trading with a constant growth of your accounts. Endless reviews about the Olymp Trade broker testify to high profits and an excellent set of highly liquid assets for binary options trading.
Bonuses
For the broker Olymp Trade has long been the standard bonus of 100% of the deposit when replenishing the account. This means that you will immediately double your deposit without even starting trading!
In order for the bonus funds received to become completely yours, it is necessary to conduct trading operations for an amount that exceeds the deposit amount by 25 times.
This is not so much — with active trading, the bonus becomes yours very quickly, and additional gift funds will allow you to make much more transactions and get even more profit from binary options trading.
Types of options
The Olymp Trade platform has a wide range of expiration dates, which allows you to choose one of two types of options trading:
- Binary options trading for 60 seconds (expiration time from 1 minute to 5 minutes)
- Trading classic binary options (expiration time from 5 minutes to 1 hour)
For such a set of options, the broker provides a wide variety of timeframes that will allow you to view asset price charts at different time intervals. Another invaluable advantage is the ability to make transactions of different expiration dates on one trading instrument at once — you do not have to switch between option selection tabs.
The above adds even more arguments in favor of the fact that the Olymp Trade broker provides the most convenient and perfect binary options on the market! The greenest beginners in trading say in their reviews about Olymp Trade that working with this broker is a true pleasure!
Training of traders
Most brokers now provide training for novice traders in one form or another. Olymp Trade company has one of the largest training blocks, which contains a lot of materials:
- Meticulously worked out section of frequent questions
- A lot of video tutorials with the most necessary trading principles, strategies, etc.
- Trading professionals regularly conduct webinars
- Impressive in volume e-book on binary options trading
- Encyclopedia of Exchange Terminology
- Full database of broker’s trading instruments (all characteristics, quotation data, etc.)
Is it difficult to be trained by an Olymp Trade broker? It is no more difficult than studying in a regular school — only there is only one subject, and you study it in great detail and with professional instructors! A huge number of newcomers who have been trained by the Olymp Trade broker confirm in their reviews that this broker has organized training of traders at the highest level!
Trader Support
Of course, in such a large company as Olymp Trade, the customer support service works around the clock, seven days a week and holidays! And, of course, in Russian! Support staff perform their work very efficiently and support a wide variety of forms of communication — chat on the website, email, phone. Be sure – they will answer you and solve any problem!
Deposit and withdrawal of funds
For absolute comfort and pleasant trading, Olymp Trade broker has provided its clients with an excellent set of ways to deposit / withdraw funds. Among them are VISA, QIWI, Master Card, Neteller, Webmoney. Every cent or ruble invested by a trader is stored in a reliable European bank, and the banking itself is provided with strict SSL protection. The terms of withdrawal of funds are also pleasantly impressive — from 1 to 3 working days. The input of funds is instant! There were no input or output failures!
Pros and cons of the broker
Positive:
- Minimum requirements for entering the market (deposits from only $5);
- Minimum requirements for trading (transactions from only $ 1);
- Demo account;
- Availability of mobile trading;
- Own trading platform with innovative parameters;
- Instant communication with the server and no slippage;
- Extensive training from professionals;
- Analytical services (technical analysis, market news).
Minuses:
- Relatively small selection of assets to trade;
- You can enter into no more than 10 transactions at the same time.
Conclusion
The general impression about the Olymp Trade broker is exactly the company that beginners should start working with! Just for them there are minimum requirements for entering the market and trading, one of the best and most functional trading terminals on the market, a lot of indicators that allow you to put your own strategy into operation, ruble accounts, demo accounts, excellent support – and Olymp Trade broker has it all!
Don’t take my word for it — try it yourself and find out if thousands of positive reviews about the Olymp Trade broker are lying!
