OLYMP TRADE

26 Comments

1. I’m willing to learn trading Forex and my friend suggested me to take a look on Olymp Trade. He said the brokerage is good for beginners, cause there are a lot of educational materials and low minimum deposit. Is learning materials fruitful, or just a blah-blah and can I try education before making a deposit?

2. Olymp trade offers convenient trading platform and trading instruments that make trading easier. In fact, I estimate that 80% of traders are not professionals, but individuals that want to make additional income. Such traders (and me also) are ready to learn, but want trading to be easier and more native. I don’t remember, but that seems that Olymp offers its own trading platform and it’s really easy-to-use. It’s easy and takes only couple of days to learn. Moreover, Olymp Trade offers a lot of learning materials, so you can learn with your broker and get first-hand educational info. There is economic calendar and demo-account, as well as a lot of webinars. So, you can learn and test everything on demo-account without any risk.

3. What is a good broker? For me, that is a broker that offers the next things: fast withdrawals, convenient trading platform and reliable+quick support. So I’ll review Olymp by this 3 criteria. First of all, there are really fast withdrawals, that usually take no more than 2 days. There is a lot of ways to withdraw money and no withrawing fees. The only disadvantage is that you can withdraw money with the same method, as you have made a deposit, to add new withrawal method you need to make a deposit using this method. However, taking in account, that min deposit amount is only $10, that’s not a problem. The second point to consider is trading platform. Honestly, Olymp has one of the most convenient trading platform within the industry with native interface and high functionality. You can add indicators, combine them and manualy change stop-loss and take-profit amounts. And the last one is support service. I think that Olymp support team is quite well, however I can’t say a lot, as I asked them only 2 times and these times got fast and accurate answer.

4. When I first started trading options, everything didn’t go smooth right away. I was helped by the Olymp Trade community of traders. There I described my problem, they gave me some advice and support. Perhaps this is the only thing that helped me gain self-confidence and work harder on discipline and my personals rules to trade with. Now everything is fine, I earn money by trading, but I will never forget the human kindness of other traders