Olymp Trade Review - Is Olymp Trade a Regulated Broker?
Olymp trade is a new broker that offers binary options to traders. It provides competitive initial conditions, no commission for depositing and withdrawing funds, and 24/7 multilingual assistance.
As a licensed and regulated broker, Olymp trade is committed to the highest quality of service. Our clients are entitled to deposit insurance, comprehensive support and prompt resolution of all issues.
Licensed and Regulated by FinaCom
If you want to make sure that your money is safe with a broker, you need to check whether it is regulated. Regulated brokers have a high level of trustworthiness and integrity. They are monitored by FinaCom and are able to offer traders the best service.
If a broker is regulated, it means that the company has a license from the local government to conduct business. This shows that the regulator is a legitimate and trustworthy body, which will give you peace of mind when trading.
A regulated trading broker is a safe choice for traders, as they are protected by the regulator in case of any problem or dispute. Traders who are unhappy with the services of a regulated broker can use the Dispute Resolution Committee to resolve the problem and get a fair settlement.
To be regulated, a broker must be based in an international market and comply with the standards set by the financial commission. If you’re unsure about which brokers are regulated, you can consult FinaCom’s list of brokers and find out which ones have a valid license.
In addition to regulating brokers, FinaCom also monitors their activities to ensure they are not committing any fraud or misconduct. It also provides a list of fraudulent and scam brokers to help traders avoid them.
If a trader is dissatisfied with the services of a broker, they can file an arbitration request with FinaCom. This will help them solve the issue quickly and efficiently. In addition to this, clients of a regulated broker are protected by up to 20,000 Euros in the event that they lose their money through a broker’s dishonesty or misconduct.
The regulator’s Dispute Resolution Committee has over 75 years of experience and has helped resolve disputes between brokers and traders. Its mission is to ensure that disputes are resolved efficiently and authentically with well-founded results.
Despite the fact that it is not a governmental organization, FinaCom is one of the leading self-regulatory bodies in the industry. It sets the highest standard for Forex trading practices and educates traders on how to trade successfully.
Olymp trade is a regulated broker that offers a wide variety of financial assets for traders to choose from. They also offer free webinars and strategies to help new traders understand the market better. The company also makes it easy for traders to make deposits and withdrawals, as well as provide support in multiple languages.
Olymp trade offers free deposit insurance to its clients. This is a benefit that you don't often see in the industry, and it ensures that you won't have to worry about losing your money should something go wrong with your account.
This is especially important for beginner traders, who might be hesitant to start trading with their own cash. With the free deposit insurance that Olymp trade provides, you can practice your trading skills without risking any of your own money, and you can withdraw your profits as quickly as you like.
The broker also provides a free demo account that you can use to test your strategies and methods before you put real money into your account. It also gives you 10,000 virtual cash that can be replenished in case of any unforeseen expenses.
To begin trading with Olymp trade, you need to register with them and fill out the necessary information. This includes your name, phone number and email address. Then, you can select a currency pair and your preferred trading platform.
You can then open a trading account, and you will be given an access code that you can use to log in. You will need to provide a passport photo or an ID card, which will be verified to ensure that you are who you say you are.
After you have opened your Olymp Trade account, you can begin trading within minutes. You can trade in more than 30 different markets and currencies. You can trade using an ECN or a standard account, and you can even try your hand at Forex trading with the MetaTrader 4 platform.
Olymp trade is a well-regulated broker that is licensed and regulated by the FinaCom international financial commission, which means that you can rest assured that your funds are protected. The broker is also backed by a team of experienced professionals, who are always there to help you through your trading journey. They can be contacted 24 hours a day, 7 days a week.
When it comes to online trading, customer service levels can make or break a broker. This is why Olymp Trade has made it a priority to offer exceptional support across the board. From around-the-clock support in eight languages to the ability to file a complaint or ask questions with a 15-second response time, they strive to provide the best possible experience for their clients.
The broker offers multiple account types, including a demo account for experimenting with the platform without risking any real money. It also offers a range of educational resources for traders.
Olymp Trade’s support team is available via email and live chat, which can help you get answers to all of your queries. They can also help you set up a trading plan. However, they are not authorized to give precise trading advice or make decisions for you.
Traders can access a number of different markets with Olymp Trade, including stocks, indices, currencies, and commodities. It also offers fixed time trades, which can help you maximize profits if you choose the right asset.
In addition to a great range of services, Olymp Trade is also committed to protecting their client’s funds. They are a member of the Financial Commission (FinaCom), which is an international dispute resolution body that provides legal assistance to resolve any disputes.
As a FinaCom member, Olymp Trade is eligible to offer its customers deposit insurance. If your account is hacked or otherwise compromised, they will reimburse your losses up to EUR20,000. This is a unique feature that not many other brokers offer.
Olymp Trade also offers a range of rewards to their clients. These include XP for completing daily tasks and operations, as well as the chance to win tournaments. This helps keep users motivated and engaged with the site.
Traders can earn these rewards by participating in their community and trading regularly. The site also offers weekly and monthly challenges, which can help you stay on top of your game and improve your skills.
The company also offers a variety of education materials to help traders learn about the markets and how to trade. This includes free webinars and videos on strategy-based trading. They also have a blog that features the latest news and updates on the market.
The trading platform offered by Olymp Trade is very user-friendly and provides a variety of features for traders. It also offers several accounts to suit different needs. The broker is a member of FinaCom, which ensures that clients’ funds are protected. The platform is based on the MetaTrader 4 software and it is compatible with mobile devices.
Olymp Trade offers a free demo account to all its clients, which is pre-loaded with $10,000 in virtual money. This means that users can practice using the platform before deciding to invest real money. This is particularly useful for beginners who want to see whether the interface is easy to use before depositing any money.
In addition to the demo account, Olymp Trade has a wide range of other educational resources for its customers. These include a blog, webinars, and seminars. The company has also created a community of traders, which is helpful for newcomers.
To ensure the security of your money, Olymp Trade uses the latest encryption technology to keep your information safe. The company also accepts major credit & debit cards, as well as popular e-wallet services such as Skrill and Neteller.
Another benefit of the Olymp Trade platform is that it’s available to traders from around the world. This means that there is no language barrier to speak of, and the website is designed in a way that makes it very simple to navigate.
The platform offers a wide range of assets, including currency pairs, stocks, commodities, and cryptocurrencies. The company also offers a wide range of tools and indicators to help traders make informed decisions about their trades.
Its customer support service is available twenty-four hours a day, seven days a week to assist with any issues. Its support staff are highly experienced and qualified to help their customers.
While Olymp Trade is a relatively new broker, it has built a strong reputation for offering an excellent trading experience to its customers. Its low minimum deposit requirements, ease of use, and excellent customer service have made it a popular choice amongst traders worldwide.