For many Traders who trade in Binary Options it is important to choose Brokers who offer these services but who are at the same time safe and outside Europe, although they may be in European territory some people like to be out of there after the measures taken by ESMA in mid 2018.
The Broker that I come to talk to you about here is Olymp Trade and this has its main headquarters in Russia so it is outside Europe and is properly regulated by competent bodies that guarantee its security. Personally I like this Broker very much and therefore I highly recommend it, it is regulated by the FMRRC in case you require more information from this company visit the entry “Olymp Trade Binary Options Broker“.
Contenidos del post:
- In Olymp Trade can I trade with Binary Options from Latin America?
- Why is it not possible to trade with Binary Options in countries of the European Union?
- If I am European and live outside Europe, can I trade with Olymp Trade?
- Repeat with me, “I’ll only trade binary options if I’m out of Europe”
- Is Olymp Trade accessible to any Trader?
- Does Olymp Trade offer a demo account?
In Olymp Trade can I trade with Binary Options from Latin America?
The answer to this question is affirmative since in this Broker you will be able to make Trading from any country of Latin America without problems, although its regulation is in Russia in the same way that makes that Broker safe even if you do not make Trading from Russia. There are people who do not trust the body that regulates this Broker but I have confidence in him because so far I have not had any problems.
At Olymp Trade, every time I want to withdraw money, transactions are processed quickly, although this is also the case because I use Skrill and Neteller, since withdrawals for other means of payment can take more than 48 hours. In this aspect I recommend the use of payment processors that I use because I assure you that you will be satisfied.
Why is it not possible to trade with Binary Options in countries of the European Union?
Until mid 2018 European Union Traders could trade Binary Options without problems, but since the measures adopted by ESMA came into effect these people can only trade the Forex market, with CFDs and ETFs but with many restrictions. Binary Options in Europe were eliminated because of their high level of risk as they consist of a total gain or loss of invested capital when buying an option up or down.
The European Union through the ESMA alleging that they want to protect the money of people residing in their countries prohibited the use of them in European territory, Brokers as IQ Option that are in that territory offer services to trade with Binary but only for customers outside Europe, other people residing in this area may not use the Binary Options for the reasons set out above.
If I am European and live outside Europe, can I trade with Olymp Trade?
If you are European but you live in another country that is not in the European economic space you can operate with Binary Options as long as you are nationalized as a foreigner in that country because if you are not at the time of verifying your account your ID or passport will appear with your nationality of birth in Europe blocking the possibility that you do Trading with this product.
Keep in mind that if you are European and you use a VPN or VPS to mask your IP and be able to operate with Binaries from Europe this will not help you since at the moment of verifying your account with the Broker that you use including Olymp Trade your identity will be confirmed as a user belonging to the European Union. If you want to deceive the Broker to trade from Europe by entering false data this can put your money at risk as these actions are taken as fraud and lead to a permanent blocking and closing of your account.
Repeat with me, “I’ll only trade binary options if I’m out of Europe”
As I said I want you to repeat with me “I will only trade with Binary Options if I am outside Europe” and of course beyond this if you are a person of European origin but resident in another country outside that territory duly nationalized as a foreigner you can operate with Binary in the market.
I want any reader who comes to this post to be clear that what I say here is for information purposes only and is aimed at an exclusive audience, by this I mean that this post is aimed at people outside Europe because if they are inside they will not be able to operate with this investment product no matter how much they want to do so unless the ESMA revokes the decree being very unlikely.
Is Olymp Trade accessible to any Trader?
The Olymp Trade Broker is characterized by being accessible to any Trader, offers a live account that requires a minimum deposit of at least 10 currency units of the accepted base currencies and apart from this offers a VIP for clients who deposit an amount equal to or greater than 2,000 USD or EUR.
If you want to trade with little money with Binary Options the Olymp Trade Broker is your best alternative since it is super accessible and equally if you want to trade with a lot of money it is also one of your best alternatives since they adapt to VIP Traders, all is a matter of choosing the account that best suits you as an investor.
Does Olymp Trade offer a demo account?
Yes, Olymp Trade Broker offers a demo account which you can use to test the Broker’s functions or to test the trading strategies you want to use when trading for real money. This account is even used by professional traders to see the results of an investment strategy before using their real money and I recommend that you do the same, once you have defined your strategy proceed to apply it with real money based on the results you have obtained with fictitious money.