Olymp Trade Platform Review 2021

A wise man once said that if your money doesn't work for you, then you only work for money. Fortunately, there are many ways to invest money, with varying degrees of risk, to make it work for you.

As a small investor, you, like many of us, may find it difficult to find a high quality and reliable platform to profitably invest your hard earned money. With all the trading platforms in place, deciding which one to use can be difficult. However, Olymp Trade has been able to put together a fantastic platform that solves many of the problems small investors face when entering the market.

Here's a breakdown of what to consider when choosing a broker and trading platform when investing. Of course, you can get started at Olymp Trade for as little as $10 to open your account.

Olymp Trade platform

Variety of traded assets

Many brokers and exchanges are limited in the types of assets they offer. Thus, investors are either limited in what they can trade or need to open multiple brokerage accounts. For small investors, the latter option is impractical.

Olymp Trade solves this problem by offering a wide range of assets from many markets. The list is too long to list them all, but here are some of the more popular assets available at Olymp Trade:

Commodities

  • A currency pair such as the euro against the US dollar
  • Cryptocurrencies (Bitcoin, Ethereum, etc.)
  • Exchange traded funds (ETFs) such as US real estate and the Brazilian MSCI

Whatever your interests or experience, Olymp Trade gives you the opportunity to start trading it.

Entry and exit of funds

One of the most important aspects for all investors is the ease with which you can deposit and withdraw funds through a broker. This is even more important for people with limited amounts of money in their hands.

Olymp Trade includes many ways to deposit and withdraw funds to your brokerage account, including Visa, Mastercard, Fasapay, and Skrill. You can even deposit Bitcoin. There is virtually no waiting time to process deposits or withdrawals, giving you quick access to your funds, and there are absolutely no deposit or withdrawal fees.

Risk-reward ratio

All investments are at risk and foreign exchange, commodity and exchange traded funds (ETFs) are no exception. New traders with limited experience are especially vulnerable to changes in market conditions, but Olymp Trade helps to significantly mitigate these risks by using embedded systems on its platform.

One of the best aspects of Olymp Trade is its leverage and multiplier features. Typically, an investor can use leverage to increase the value of a trade, but they risk getting the amount of leverage if they suffer losses.

In the Olymp Trade system, investors are only responsible for their own share, while Olymp Trade takes on the risk with the amount of leverage. This is one of the best parts of the trading platform as it allows investors to multiply their profits on good trades and minimize their losses when they make a bad trade.

For FOREX trading, Olymp Trade multiplies your trade by 10, allowing a small investor in an asset like Bitcoin to buy $1,000 worth of just $100. This allows you to make large profits with small market fluctuations. In this case, a 5% increase in the price of bitcoins will bring the investor $50 minus the fees instead of the $5 they would otherwise receive.

These multipliers differ depending on the currency pair, but some give the investor a 500x multiplier, allowing small investors to make significant returns on their positions with little capital risk. This reduced leverage is exactly what small investors need when they want to increase their capital.

For example: investor A opens a position with 100 dollars on the EUR / USD currency pair without a multiplier, and investor B enters the same position with 100 dollars, but with a multiplier of x500. If the position improves by 5%, investor A gets $5, which is a good return on short-term investments. However, Investor B will make $2,500 on the same trade using the same amount of equity.

Better yet, the Olymp Trade platform tracks the trade so you know exactly what you are about to take in real time. This feature is incredibly useful for investors as it eliminates the need to make calculations and take into account commissions on their own. Olymp Trade will do it for you.

You can even set up a trade to automatically sell an asset at a specific profit level using the Take Profit option. In the previously mentioned bitcoin trading, the Olymp Trade take profit option will take into account commissions when selling an asset for you, so your profit is $50 or close.

On the other hand, you can set the stop loss size so that if an asset starts to decline, Olymp Trade will automatically sell the asset at a certain level, which can significantly limit your losses.

Tools and other tools

Perhaps the best part of Olymp Trade is its commitment to providing its members with professional trading tools. All the best tracking and analytics software available to experienced traders is readily available and free.

What's more, Olymp Trade even shows you how to use these tools through a series of online master classes, instructional videos, and great blog posts. Investors can receive detailed training from trading experts in developing strategies for successful trading and even receive personalized feedback from experienced traders.

One incredibly useful tool is the Simple Moving Indicator (SMA), which can help you choose great entry points for trades when used in conjunction with other instruments or news that impact a particular market. Olymp Trade's video on the SMA instrument is quickly and well explained, which is great for people with limited time.

Free demo money: learn without risk

The icing on the cake for Olymp Trade is a demo account they provide to all users with $10,000 in play money that they can use while exploring the basics of trading. This feature is indispensable when investors are trying to get a feel for a new asset they are trading or are practicing new trading strategies.

With a demo, traders can improve and hone their skills in advance without risk. If you run out of money on your Demo account, you can replenish it up to $10,000 at any time. Once you feel like you're ready to start your own investment, you can easily switch from a demo account to a live one simply by clicking the drop-down menu.

Start today

Olymp Trade has such upside potential and reduces the risk of investing in the market that anyone looking for a reliable platform needs to look further. Setting up an account takes just a few minutes, deposits and withdrawals are fast, and the tools for successful trading are always at hand. Login Olymp Trade platform.

There is no better time than now to start trading.

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