Overview of the trading platform- Olymp Trade

This is a global trading platform that supports one’s financial trends. Olymp Trade, the trading app was founded in April 2012. Ten years of its establishment, the application is one of the most popular brokerage retailers. International Financial Commission (IFC ) is responsible for the application.

In Olymp trade, trading is facilitated in the currencies of pounds and dollars. There is however a minimum account funding of $10 required to facilitate trading.

These basic steps are required to establish a trading account on the platform. Firstly, one needs to install the application and register.

• The registration of the user requires filling out the personal information.
• One can start the trading once registration is done with only $10.
• Further, select if you want to trade on a live account or a demo account first. Choosing a demo account ensures risk-free learning. Hence, before going live, one should practice basic trades on a demo account first. The demo account has demo dollars for easy practice trading.

A Demo account and a live trading account are interchangeable at any point in time. In the top right corner next to the deposit tab, one can switch between both accounts. There is another option ‘Forex or Fixed Time’ that is presented along with these.

Fixed Time (FTT) predictions are predictions made by traders on whether the price of an asset will rise or fall after a certain period of time. Forex is the practice of trading currency pairs in order to profit from price increases or decreases.

• Once the account goes live, one can start trading.

Trading is done at a global level. The platform is mostly known for its forex trading.

Features of Olymp Trade

The trading platform facilitates trading in all financial assets such as forex, cryptocurrencies, stocks, commodities, and indices. There are a lot of simple features of the trading platform that facilitate its popularity. Some of these features are,

• There is a low account balance of $10 required for trading.
• The trading platform allows quick transactions. Withdrawal can be made at any point in time. Transactions can be achieved through various platforms such as Visa, Skrill, and Mastercard.
• The platform is both suitable for beginners and experienced traders. There is in-depth information on trading tools and their uses. Also, experienced and active traders receive experience points in their trading journey.
• There is an additional blog on the web platform and the application of Trade Olymp. These blog articles compile information on every financial asset and its performance, financial news, and analysis of the market. These training materials help in the easy navigation of the trading journey.
• A beginner is always skeptical to enter the trading journey fearing risks and losses. However, trading is risky. The trick to not lose one’s life-savings in trade is to always invest minimal amounts, and frequently withdraw this money.

With the Olymp Trade demo account, beginners can easily learn the fundamentals of trading tools and investment strategies.

• There are additional security tools available on the platform such as encryption standards, adoption of anti-fraud practices, and countering of money laundering.

However, one needs to know that trading and brokerage does always included risks. Therefore, a trader should always begin with a minimal amount that they are comfortable with losing as well.

Hence, Olymp Trade is a reliable trading and brokerage platform for both amateurs and experienced traders to start their investing and trading. The defining features of the trading platform are its demo account, forex trading, security features, and educational platform.