Investing with Olymp Trade: The Hobby that Pays

If you’re opting for a bank transfer, you may have to wait for a few hours or an entire day. It’ll be best for new traders to skip this point if you haven’t yet grasped the vital information related to leverage. You’ll have to pay off a significant fee if you want to trade overnight. Apart from this, the platform also charges a subscription fee and inactivity fee. It is also crucial to point out that the value of spreads can rise or fall as the market conditions go up and down. However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket.

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Ensure that the platform can close your account if you haven’t maintained a sufficient balance in your account. Also, the market situation can influence the fee structure set by the broker. You can go with it even though you are an Android phone user or iOS user. Just visit the mobile app store and download the Olymp Trade app. Today, the brand continues to evolve, and the awards that this online trading broker has achieved witness it.

• The site’s automated assistant answers traders’ questions as soon as they appear in the education section.
• For instance, how you can manage capital, the latest trading tips, etc.
• For new traders, a demo account has always been the first helping hand.
• Manage your money efficiently with this weekly money management guide.
• The additional benefits included in a VIP account are truly unbelievable.

Investing with Olymp Trade: The Hobby that Pays

In some instances, says the RBI, such ETPs-engaging agents personally contact gullible people to undertake forex trading or investment schemes and entice them with promises of “exorbitant returns”. Many people have lost money by trading with the unauthorised platforms, the RBI adds. Some of these platforms also claim to be regulated by overseas regulators and recipients of global awards, it had added. All these plus points draw trader’s attention towards the online trading broker. With a plethora of trading options and services, the platform is on the rise in the market.

Olymp Trade Introduces a Better Way to Trade With Forex Platform in India

• Also, the market situation can influence the fee structure set by the broker.
• You’ll have to pay off a significant fee if you want to trade overnight.
• The risks of using this instrument are strictly limited, which prevents traders from getting a negative result like losing a larger amount than that of the investment.
• The platform is famous for its loyalty and high-end efforts that satisfy its clients a lot.
• Today, the brand continues to evolve, and the awards that this online trading broker has achieved witness it.
• Apart from educational tools, Olymp Trade comes with a plethora of features.
• Some of these platforms also claim to be regulated by overseas regulators and recipients of global awards, it had added.

The Olymp Trade makes sure that every visitor on this fantastic online trading platform doesn’t encounter any confusion. Olymp Trade has been one of the strongest players in the financial industry. Over time, the platform has earned a high status in the online trading marketplace. Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit. Therefore, the financial side of the new mechanic is also designed in favor of traders. The newly announced service eliminated minimum trade amounts, and instead, replaced it with SPT unit price equals the underlying stock’s price.

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In terms of deals and promotions, users can get a 50% bonus on their initial deposit. According to various sources, Olymp Trade is not technically illegal in India but it is in no way monitored or controlled by SEBI or RBI. This means if a trader faces any issues with regards to the app’s transactions or collections then Indian authorities will not be able to help. As Olymp Trade is not regularized by Indian authorities, various Indian banks are not dealing with the platform directly, only some international Devit/Credit are accepted on this platform.

Olymp Trade Trading Account Features

The company has been a Category A member of the Financial Commission since February 2016, which guarantees traders reliable service and the protection of their rights. According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period. CFD is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash-settled. Apart from educational tools, Olymp Trade comes with a plethora of features. The platform guides and encourages new users through recommendations. Surprisingly, Olymp Trade offers attractive deals and bonuses for its clients from time to time.

• Therefore, the financial side of the new mechanic is also designed in favor of traders.
• Practising on different types of trading and money management strategies will help you become comfortable with them before risking your money.
• For traders, trading on this platform becomes much easier as this entire platform is easy to navigate.
• Meanwhile, the RBI’s list of authorised ETPs includes FX-CLEAR, NDS-Call, NDS-OM, CROMS, TREPS, ASTROID, and FX-SWAP — they are all operated by Clearcorp Dealing Systems (India) Ltd.
• According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period.
• In some instances, says the RBI, such ETPs-engaging agents personally contact gullible people to undertake forex trading or investment schemes and entice them with promises of “exorbitant returns”.
• Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit.
• At the same time, it may very well complement other mechanics offered by Olymp Trade and serve as a diversification element.
• Forex trading is by far the largest financial market with more than $5 million in daily volume, whereas options trading are the easiest instrument to learn.

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Olymp Trade is an A-recognized member of the International Financial Commission which enables the platform to cover unfair trade practices up to $20,000. The minimum amount deposit required to start trading on the platform is $10 which makes it easier for small-time traders to try their luck. Olymp Trade app also provides easy access to learning material which enables new traders to get acquainted with the system easily.

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It should be noted that there is a full economic calendar on the Olymp Trade platform, so no important news can be missed. The trader can also place an order and get a position opened only after the specific conditions have been met, like the time and the asset price. “Resident persons undertaking forex transactions for purposes other than those permitted under the FEMA or on ETPs not authorised by the RBI shall render themselves liable for legal action under the FEMA,” it added. Perhaps it’s a helpful thing for beginners, but it isn’t for expert traders who have significant capital to invest in.

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The minimal deposit amount is $10 (or €10, if that’s the account currency), and one needs as little as $1 to open a trade. Notably, London-based OctaFX, which the RBI says is not authorised to deal in forex, was also one of the official sponsors of the Delhi Capitals team in the Indian Premier League (IPL) this year, say media reports. Ads of many such platforms can also often be seen on popular social media platforms including YouTube. That’s why you can also trust this online trading platform easily. For new traders, a demo account has always been the first helping hand.

Olymp Trade Trading Hours

To stay connected to the market, download an app for your iOS or Android smartphone. Olymp Trade mobile apps have the same atmosphere of active trading and can become an essential part of a trader’s career. It is a perfect solution for those who enjoy getting predictable financial results. Fixed Time Trade trading involves buying or selling a contract before a certain date (expiration) and getting specified returns. The risks of using this instrument are strictly limited, which prevents traders from getting a negative result like losing a larger amount than that of the investment.

Head Coach Kevin Stefanski downplayed the absence, emphasizing the voluntary nature of the program. Garrett’s trip follows his recent contract extension, and his appearance with Kim has sparked relationship speculation.

Regular Quickler trader who is doing 98% of trades

Practising on different types of trading and money management strategies will help you become comfortable with them before risking your money. Trading the difference in currency rates, metals or crypto assets value us like traditional commerce. It should be noted in the forex market, you can open a short position (when you expect the asset to go down in value) and profit from the decline of the quotes. The price chart can be presented as Japanese candlesticks, bars, HeikinAshi candles or a line chart. No matter whether you’re trading through mobile or desktop, if you’re using Olymp Trade, you can invest at any time, anywhere. If you are afraid of putting your money for trading via a random trading platform, you can check its licensing.

• Respecting the recommendations of the users, the trading app introduced the Stock Price Trade service.
• However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket.
• Olymp Trade is one of the cheapest alternatives for new traders to start trading.
• It also offers you the assistance of forex for testing your knowledge.
• This means if a trader faces any issues with regards to the app’s transactions or collections then Indian authorities will not be able to help.
• In a nutshell, the forex broker has everything that supports each of its clients in his/her trading journey.
• The RBI says people can undertake forex transactions only with “authorised persons and for permitted purposes”, in accordance with the FEMA rules.
• Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

Olymp Trade Introduces a Better Way to Trade With Forex Platform in India

The stock price range is very wide and allows any trader to find an SPT that matches their price targets. On evaluating suggestions and feedback from the client, Olymp Trade witnessed a demand for simple, straightforward, and new trading mechanics. Traders desired to experience a wide range of financial instruments offered under genuinely user-oriented terms. Respecting the recommendations of the users, the trading app introduced the Stock Price Trade service. There are trading strategies, workshops and webinars from the company’s analysts for traders of all levels in the “Education” section of the platform.

Olymp Trade Trading Hours

For traders, trading on this platform becomes much easier as this entire platform is easy to navigate. Every option is well-organized that delivers easiness in the trading activities. Overall, Stock Price Trades is a truly user-oriented trade mechanic.

Popular Stocks

Similarly, if you’re also a new trader without any prior trading learn to trade with Pocket Option experience, don’t skip using the demo account. Suppose you want to take a full overview of this online trading platform before using its premium account. However, you might have found this same thing in other online trading platforms too.

Also, the RBI has clarified that an entity not appearing in the ‘alert list’ can’t be assumed to be authorised by the RBI. The RBI says people can undertake forex transactions only with “authorised persons and for permitted purposes”, in accordance with the FEMA rules. Though, in terms of education, the platform assists new traders a lot. Still, trading with a VIP trading account is more profitable but requires a relatively high minimum deposit amount.

Olymp Trade Helps Fight COVID-19

Once registered, each trader will get a free demo account to practice risk-free trades. This account trades exactly like the live accounts on the platform with live quotes for all currency pairs, indices, and commodities using Olymp Trade Demo Dollars. Each trader has 10,000 Demo Dollars, which can be replenished an unlimited number of times. It also offers you the assistance of forex for testing your knowledge. It has proved itself to be a reliable guide in the world of financial markets for hundreds of thousands of people from all over the world. In February this year, RBI had warned people against trading forex on unauthorized platforms following growing reports of people falling prey to such entities.