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Olymptrade Broker South Africa Review (2019)

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, India,  Indonesia, Brazil, Thailand, Vietnam, Spain, Turkey, Russia and Malaysia. OlympTrade is a registered broker. Regulated and Reliability and security is vital. Olymp Trade is an “A” member of the international Financial Commission (Finacom), an independent organization that provides and guarantees protection of traders’ rights. Specifically, if a broker acts unlawfully, the Commission reimburses the trader up to $20,000 from its Compensation Fund. That’s not a South African regulator, but so far Olymptrade  is delivering. More so globally.

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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.

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Deposits and Withdrawals

You can make a deposit in any of the following ways:
✓ E-wallets: Qiwi, Webmoney, Epayments, Neteller, Skrill, Yandex.Money, and Bitcoin;
✓ Visa or Mastercard bank cards.
✓ Boleto (valid for Brazil)

You can also withdraw money through the same payment systems.
Important: you can make a withdrawal only to the same e-wallet/card that you used to make a deposit.
This rules enables the broker to guarantee payment security and protect traders’ funds from fraud.
The maximum withdrawal time is 3 business days, but the broker tries to process traders’ requests as
quickly as possible. Holders of standard accounts therefore get their money on average within 1 day; VIP
trades, in a few hours after submitting a request.

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!

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 somewhat limited, however they are always improving.

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 (FINACOM).
  • 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.

 

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