olymptrade broker South Africa Review

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Traders can lose all capital

olymptrade broker

Background Of OlympTrade Broker

If you regularly read binary options brokers’ articles, you may have come across a company called Olymptrade Broker. This company was established in 2014.

This broker is available to traders from South Africa, Indonesia, Russia and Malaysia. OlympTrade is a registered broker. Regulated by the Financial Market Relations Regulation Centre (FMRRC). That’s not a South African regulator, but so far Olymptrade  is delivering. Please comment on your experience to help us all.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

How to Start with OlympTrade Broker

If you’re new to trading binary options. Olymptrade broker offers a free demo account. Along with video tutorials, webinars and the latest financial news, rookie traders can test their skills until they’re ready to start investing with their own money.

More good news is that binary option brokers with $10 minimum deposit can start trading right away. A trade costs you as little as $1. Although you’re limited to call/put trades. However it’s possible that Olymp Trade will introduce more options in the future.

Trading on the Olymp Trade broker binary options trading platform is fast and simple. You can cancel a trade at any time but this may affect your final profit. Olymp Trade also has a binary option broker mobile app. This makes Olymp Trade ideal for those who want to trade from their smartphones and tablets. The app works on iOS and Android platforms. So no matter which operating system you use, you won’t have any problems downloading it to your devices. It’s clear that Olymp Trade has thought of ways to make trading binary options as convenient as possible.



Deposits and Withdrawals

Loading your account and withdrawing your funds is just as straightforward as opening a trade. Olymp Trade is one of the few binary option brokers accepting Neteller and Skrill. You can withdraw from $10 and up. It takes 1 to 5 days to process payments. OlympTrade doesn’t charge any fees on deposits or withdrawals. So all the money you make goes right to your account. You will need to verify your details when you make a withdrawal, but this is more for your protection than anything else.

Terms and Conditions

Before you sign up for any kind of binary options trading provider it is essential that you read the terms and conditions. Without going into too much detail, there are three important facts you should be aware if you’re thinking about using OlympTrade Broker:

  • Users must be 18 years or older.
  • Traders from the USA and Japan may not use Olymp Trade.
  • Services rendered by OlympTrade are subject to the laws of the Seychelles.

Beyond that, the terms and conditions are standard to those offered by other leading online binary trading platforms. Lastly trading is risky especially binary and you can lose all capital. Don’t be fooled of promises and guarantees know what you getting into!

olymptrade broker
traders can lose all capital
Whats Awesome  about OlympTrade Broker

So the advantages of using Olymp Trade include a low cost entry to the world of trading binary options coupled with a free demo account and great, friendly Support for new traders. In addition the trading platform is simple and easy to trade on with the necessary tools and charting.

However some disadvantages are that American traders can’t make use of Olymp Trade. Experienced traders may be disappointed that trading options are limited to currencies and silver or gold.

Apart from that, Olymp Trade Broker offers ordinary people from all walks of life the opportunity to increase their wealth by trading online, even with limited financial knowledge. So Start trading with the free demo from Olymp Trade Broker today.

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traders can lose all capital

To Summarize Olymp Trade 

  • Regulation of the Financial Commission and FMRRC.
  • The minimum deposit amount is 10$/10€.
  • The minimum trade amount 1$/1€.
  • No fees for deposit or withdrawal.
  • Free education: strategies, webinars and courses.

 

Comments 6

  • I made 20 usd deposit. Mobile app quite good. Soon i`m going to withdraw first profit.

  • The broker has shown itself very well in terms of reliability, because I’ve withdrawn money here many times without any hint of delay of payment. Also I’ve been pleasantly surprised by the good trading conditions, in a wide range of trading assets and high range of trading instruments and high profit with them.

  • Today I got my first withdrawal from the broker. The broker withdrew the money quickly. No problems occured during withdrawal. It’s comfortable to trade with this broker. I’d rate this broker as average in terms of execution quality and trading conditions.

  • I been trying to deposit money since yesterday but olymp doesn’t allow me. Can you please assist me?

    • Ethan, most likely you’re making a mistake somewhere. Possibly you’re trying to withdraw a smaller sum, than the broker allows, keep in mind that when you will be replenishing your account, most likely the company whose services you’re using will charge a commission fee and that’s why the system might not accept the payment. Try to increase the payment amount slightly. The first time I replenished in by 25 dollars, I tried out how the platform works and replenished my account by another 500, both refills went by quickly and successfully. Withdrawals are also going successfully. I wish everyone good luck!

  • Broker withdraws fast, which helped me make up my mind and choose olymp trade where I’ve decided to stay to trade. I’ve simultaneously opened accounts with several brokers, but now I only have an active account here. This is one of the best brokers.

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