Information about the company “Olymp Trade”
The brokerage company “Olymp Trade” is presented as a licensed organization specializing in providing trading services for over 7 years. The project team includes experienced developers, financial experts, and customer support specialists whose goal is to provide traders with the most advantageous and comfortable trading conditions. The official website of the company olymptrade.com supports 13 interface languages, including Russian.
Legal information about the company is available on the website in the footer. The information indicates that the owner and managing company of the website is Saledo Global LLC, registered in Saint Vincent and the Grenadines. The project claims that its activities are fully licensed in accordance with the laws of the country of registration. However, there are no official documents on the website confirming the registration and licensing of the company.
The company pays special attention to its membership in the Financial Commission (FinaCom), which ensures transparency and fairness in client relationships. There is no evidence of the company’s membership in this regulatory body on the website.
Trading instruments and platforms of “Olymp Trade”
The company offers the Olymp Trade trading platform, which is a proprietary development. The platform supports all types of devices and operating systems. Among the advantages of the platform highlighted by developers are: the ability to test financial instruments without losses, access to a demo account with a replenishment of $10,000, customizable add-ons for comfortable trading, personalized analytics for creating an individual trading style, free training with ready-made strategies and video instructions.
The key instrument on the platform is binary options, allowing traders to earn by predicting the direction of the asset’s price. Traders can trade various financial instruments – currencies, stocks, metals, indices, commodities, cryptocurrencies, and other liquid assets.
Trading accounts in “Olymp Trade”
There are no ready-made trading accounts on the platform. The minimum investment amount is $10/€10, the minimum trade size is $1/€1/?70. Users can use the educational version of the account to evaluate the advantages of the trading platform. A monthly commission of $10 or the equivalent of the chosen currency at registration is charged for servicing inactive accounts for 180 days. Customer service is provided around the clock through various contact forms.
Registration on the platform and start of trading
To start trading, registration and creating a personal account are required. The registration process is simple and free, only an email address, choosing the account currency, and accepting the terms of service are required. After that, users can choose the type of account (demo or real) and start trading.
The binary options trading algorithm includes choosing an asset, investment amount, trade duration, and determining the price movement of the asset. The company also offers a bonus system for traders with the possibility of using promo codes to receive bonuses.
Account funding and withdrawal from “Olymp Trade”
Depositing and withdrawing funds on the platform is available through various payment services. Financial transaction procedures are conducted without commissions and restrictions on deposit/withdrawal of funds. Bonuses awarded by the company cannot be withdrawn and are canceled upon withdrawal request. The minimum withdrawal amount is $10/€10. More detailed information on financial transactions can be found in the company’s help center.
Conclusion
An analysis of the information on the company’s website allows to identify a number of questionable points affecting the level of reliability and the prospects of using the platform. These include the absence of a registration certificate and license, project anonymity, and company registration in an offshore zone. To assess the earning potential and safety of using the services, it is recommended to read real reviews and opinions of clients about “Olymp Trade”.