Is Olymp Trade a reputable online broker?
These factors make you wonder who to trust when investing. Olymp Trade is a very popular broker that has been in business for many years. Does this mean you are a legitimate online broker? Continue reading till the end to know thoroughly.
Evaluation of Olymp Trade platform
Olymp Trade is an online broker offering many financial instruments such as derivatives, currency pairs, cryptocurrencies, or commodities. The platform can be used from many parts of the world, of which Asia and South America have the highest traffic. Awards. They are constantly evolving and introducing new useful features. Many beginners want to know if it is possible to make money from Olymp Trade. The answer is yes, but there is no guarantee. Trading always involves some risks, many traders will eventually lose money, but there are always people who really make money on the platform. They are able to do this because they have spent countless hours studying how the market works, practicing various strategies, and cultivating mental states.
A legal broker
The easiest way to determine the location of a website you are interested in is to use a third-party website. In fact, I used a similar website to check the location of Olymp Trade. A rating of 60 makes it enjoy a fairly good reputation among other financial and investment institutions. Ranked 60th in the investment category on SimilarWeb. Next, I studied the distribution of traffic around the world. The result is satisfactory. Traders from more than 250 different countries came to the Olymp Trade platform. Some of them are just visitors, not real traders. But it can be assumed that most of them will come to the business side. Another conclusion that can be drawn from the above results is that traders all over the world trust Olymp Trade. Most tourists come from India, Brazil, and Ukraine, but no country receives more than 20% of all tourists.
The Financial Commission and the Olymp Trade
Olymp Trade was established in 2014 and was approved by the Financial Commission in 2016. This is a company that oversees financial institutions that process customer deposits. Since 2016, Olymp Trade has been a member of the Financial Commission. The Financial Commission is a guarantee to Olymp Trade customers, and their deposits are separated from Olymp Trade’s operating funds. It also guarantees to provide a compensation fund in case of Olymp Trade’s bankruptcy. Sellers can receive a discount of up to $20,000. It is always recommended that you first try to resolve any Olymp Trade support issues.
Upliftment of Olymp trade
Olymp Trade was established in 2014 and is a broker of many different securities derivatives. Since then, the company has introduced more financial instruments such as CFDs, currencies, indices, stocks, and cryptocurrencies. Olymp Trade is a recognized trading technology certificate. Added useful and commonly used tools and indicators. It is much easier to trade them. Olymp Trade’s transaction execution is subject to external review by VerifyMyTrade. Other improvements include the accessibility of desktop and mobile applications. There is also a VIP account that can maximize your trading potential. The execution of the transaction is subject to external review by VerifyMyTrade.The platform is easy to use and is popular all over the world. Olymp Trade is improving its technology every day.
Complaints about Olymp Trade
Obviously, the discomfort will appear over time. Olymp Trade has also received some complaints. Withdraw funds. In fact, many online platforms have similar problems. But the good news is that no one reported that the company failed to repay the funds.
Generally speaking, Olymp Trade is a legal online broker. The platform continues to evolve and has proven its value, which is why it is so popular worldwide, traders have the opportunity to make money in different markets, and there is a free demo account where you can do as many things as possible If you want, you can practice. Understand how the platform works, and then you can return to your demo account at any time to test new indicators or strategies. Have a good day!