Olymp Trade Introduces a Better Way to Trade With Forex Platform in India

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”.

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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. Don’t worry then; the Olymp Trade Mobile app here comes up as the best option for you. 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. Nvidia CEO Jensen Huang’s visit to Taiwan for the Computex trade show has sparked immense excitement.

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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. “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. Perhaps it’s a helpful thing for beginners, but it isn’t for expert traders who have significant capital to invest in. 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.

• If you make a trade up to £5,000, you also get the opportunity to interact with a VIP consultant personally.
• Every feature of this mind-blowing trading platform is clear and concise.
• If you’ve never stepped into a fully digital trading platform, it’s the best way to move on.
• Forex trading is by far the largest financial market with more than $5 million in daily volume, whereas options trading are the easiest instrument to learn.
• The RBI says people can undertake forex transactions only with “authorised persons and for permitted purposes”, in accordance with the FEMA rules.
• Once registered, each trader will get a free demo account to practice risk-free trades.

Key data points

Mainly for those users who often go a little overwhelmed after seeing too much technical on an online trading platform. Trading strategies, indicators, and analytical tools are essential for a trader. All concepts, strategies, and tools are explained in simple language to ensure even the newest traders can learn everything necessary and become successful. The site’s automated assistant answers traders’ questions as soon as they appear in the education section. The company’s commission for the executed trades is minimal, and traders aren’t charged extra for depositing or withdrawing their money.

• However, it often becomes hard for a few traders to trust IFC regulatory bodies because it isn’t that famous.
• Though, in terms of education, the platform assists new traders a lot.
• Especially if you’re planning to invest in Forex Market that doesn’t remain open for all time.
• The company’s commission for the executed trades is minimal, and traders aren’t charged extra for depositing or withdrawing their money.
• This means if a trader faces any issues with regards to the app’s transactions or collections then Indian authorities will not be able to help.
• 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.
• It may be a primary trade mechanic for those who want to invest long-term in a relaxed manner.
• No matter whether you’re trading through mobile or desktop, if you’re using Olymp Trade, you can invest at any time, anywhere.

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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. Similarly, if you’re also a new trader without any prior trading experience, don’t skip using the demo account. Suppose you want to take a full overview of this online trading platform before using its premium account.

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. In the first iteration, the company traders will receive Starter, Advanced, or Expert statuses.

Why Beginners Should Choose Olymp Trade: Benefits of Olymp Trade

However, you might have found this same thing in other online trading platforms too. To stay connected to the market, download an app for your iOS or Android smartphone. Olymp Trade mobile apps have the same atmosphere of active trading and can become an essential part of a trader’s career. It is a perfect solution for those who enjoy getting predictable financial results. Fixed Time Trade trading involves buying or selling a contract before a certain date (expiration) and getting specified returns.

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Over time, the platform has earned a high status in the online trading marketplace. Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit. 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.

• Though, in terms of education, the platform assists new traders a lot.
• Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit.
• The Olymp Trade makes sure that every visitor on this fantastic online trading platform doesn’t encounter any confusion.
• Ads of many such platforms can also often be seen on popular social media platforms including YouTube.
• This online broker allows you to put your strategy into execution that often surprises you when you draw profitable outcomes.
• In February this year, RBI had warned people against trading forex on unauthorized platforms following growing reports of people falling prey to such entities.
• Notably, London-based OctaFX, which the RBI says is not authorised to deal in forex, was also one of the official sponsors of the Delhi Capitals team in the Indian Premier League (IPL) this year, say media reports.

Payment Methods provided by Olymp Trade

These markets are helping people around the world in making their lives sustainable. 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. Investment is seen as one of the best hobbies, as it allows you to take advantage of the most traded financial market in the world, using the simplest trading instrument. Forex trading is by far the largest financial market with more than $5 million in daily volume, whereas options trading are the easiest instrument to learn.

Especially if you’re planning to invest in Forex Market that doesn’t remain open for all time. If you make a trade up to £5,000, you also get the opportunity to interact with a VIP consultant personally. For instance, how you can manage capital, the latest trading tips, etc. In a nutshell, the forex broker has everything that supports each of its clients in his/her trading journey. You can use the demo account right after the simple registration process.

Regular Quickler trader who is doing 98% of trades

Also, the market situation can influence the fee structure set by the broker. You can go with it even though you are an Android phone user or iOS user. Just visit the mobile app store and download the Olymp Trade app.

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Today, the brand continues to evolve, and the awards that this online trading broker has achieved witness it. Every year, the company is setting a new record for its success. The brand has built a large repo in the online marketplace, which has become famous among young traders. Therefore, being a small investor, this place can prove to be a reliable option. Here, you can confidently invest your hard-earned money and secure a highly profitable position.

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The minimum amount deposit required to start trading on the platform is $10 which makes it easier for small-time traders to try their luck. Olymp Trade app also provides easy access to learning material which enables new traders to get acquainted with the system easily. 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. Each trader has 10,000 Demo Dollars, which can be replenished an unlimited number of times.

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In the demo account, the virtual account balance of £10,000 allows you to trade in a virtual environment. Whatever the features you’ll use in the premium accounts, you can get a glimpse of every pinpoint at the demo account. If you love putting your smart strategies while trading and always prefer multiple trading options, then Olymp Trade will surely be made for you. Ensure that the platform can close your account if you haven’t maintained a sufficient balance in your account.

Olymp Trade Review – Online Platforms, Commission, Leverage, Account Types, Features & more

Practising on different types of trading and money management strategies will help you become comfortable with them before risking your money. Trading the difference in currency rates, metals or crypto assets value us like traditional commerce. 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.

• Surprisingly, Olymp Trade offers attractive deals and bonuses for its clients from time to time.
• An audit of 5000 customers’ trades found that the quality of service meets the standards.
• Affectionately termed ‘Jensanity’ by local media, Huang’s arrival drew fervent crowds seeking autographs and glimpses of the AI icon.
• Amid the trading, if you encounter any issues, the chat function also pops up on the screen.
• Once all of the required information is entered, you can start practising with your demo trading account.
• Therefore, the financial side of the new mechanic is also designed in favor of traders.
• Olymp Trade Forex is perfect for those who want to develop as a trader and get great results.
• Nvidia CEO Jensen Huang’s visit to Taiwan for the Computex trade show has sparked immense excitement.
• Olymp Trade is committed to providing transparent, reliable service, and paying close attention to client requests.

CFD is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash-settled. Apart from educational tools, Olymp Trade comes with a plethora of features. The platform guides and encourages new users through recommendations. Surprisingly, Olymp Trade offers attractive deals and bonuses for its clients from time to time. In terms of deals and promotions, users can get a 50% bonus on their initial deposit.

• Practising on different types of trading and money management strategies will help you become comfortable with them before risking your money.
• Suppose you want to take a full overview of this online trading platform before using its premium account.
• Manage your money efficiently with this weekly money management guide.
• Olymp Trade Forex is perfect for those who want to develop as a trader and get great results.
• Amid the trading, if you encounter any issues, the chat function also pops up on the screen.

Also, the RBI has clarified that an entity not appearing in the ‘alert list’ can’t be assumed to be authorised by the RBI. The RBI says people can undertake forex transactions only with “authorised persons and for permitted purposes”, in accordance with the FEMA rules. Though, in terms of education, the platform assists new traders a lot. Still, trading with a VIP trading account is more profitable but requires a relatively high minimum deposit amount. Olymp Trade is an A-recognized member of the International Financial Commission which enables the platform to cover unfair trade practices up to $20,000.

But the rest of the features that this Trading Platform offers you are truly attractive. The platform runs under IFC regulation, which isn’t a reputable regulator, and that may cause a little hitch in your decision to choose Olymp Trade for trading. Though, the spreads you get in a standard account are only 1.1 pips. The video tutorials, webinars, and interactive courses are some of the best things you get with this online broker. However, it often becomes hard for a few traders to trust IFC regulatory bodies because it isn’t that famous. The regulation and licensing describe the reliability of any online marketplace related to monetary exchange.

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. Notably, London-based OctaFX, which the RBI says is not authorised to deal in forex, was also one of the official sponsors of the Delhi Capitals team in the Indian Premier League (IPL) this year, say media reports. Ads of many such platforms can also often be seen on Olymp Trade popular social media platforms including YouTube.