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Olymp Trade DEMO
Olymp Trade REVIEW
Olymp Trade is a new breakthrough international online trading platform
Read 100% Free Olymp Trade Review by Scamorno Team
FULL REVIEW OF Olymp Trade
Olymp Trade is a fairly new entrant into the financial products marketplace having launched in 2014. Their background is very much as a Russian broker, but are licensed internationally and are set up to serve worldwide traders.
After registration, members of Olymp Trade immediately gain access to a free 10,000$ demo account. For investor protection, the company is a member of the Financial Commission (FinaCOM PLC). This is a 3rd party and a neutral authority which is there to resolve complaints made by traders.
How Much Money Do You Need To Get Started On Olymp Trade?
Traders can start trading with the minimum of $10 deposit with minimum trades of $1. It is a very simplified platform with lower trading values and fewer assets.
Are The Payouts of Olymp Trade Competitive In The Industry?
With payouts of up to 80% they are, quite honestly, not the most competitive when it comes to profitability. However, the low entry and simplified systems do make it a very simple trading option.
It is usual with many brokers to offer various trade types and the option to trade in many different assets. Some brokers may offer 6 or 7 different types of trades. These include the High/Low or Call/Put option then there are 60 Second trades, One Touch, Ladders and Pairs and Long Term. This isn’t the case with Olymp Trade and there is just 1 type of trade, the basic Call/Put or High/Low trade. Add to this the limited amount of assets available for trading and you really are restricted in what you can do.
To trade these options, simply choose your asset, currency pairs, gold, silver and the list of other assets available for trading, and begin trading with $1 predicting whether the asset will rise or fall by the expiry time. The expiry times are limited to end of day, hence there are no options for long term trading.
Review Verdict: Olymp Trade is a legitimate platform that works
Consumer Fraud Alert Regarding Olymp Trade
The success of Olymp Trade has given rise to many frauds who try to sell their own fake platforms in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about Olymp Trade, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://OlympTradeOfficial.com/ (link opens in a new window). The official website that they have includes the legitimate platform.
Conclusion about Olymp Trade
There is no doubt that this is a great first-time site to get going with. They have proven to do well and they tick most of the boxes of a trustworthy financial broker. Following our thorough Olymp Trade review we found no warnings that may imply that this broker is legit and we found zero legitimate complaints.