Olymp Trade is simply one of the best brokers for trading in the market. The broker has been online since 2014 and has offered excellent investment services ever since. Originally this broker offered only Binary Options trading, but added the cryptomarket for trading and also allows Forex trading.
Olymp Trade is a Broker duly regulated by competent authorities, this makes it safe to trade in the market with any of its products, is regulated by the FMRRC with license 0395AAVV0074 and apart from this on February 22, 2016 said Broker entered the International Financial Commission, thus providing a membership in FinaCom.
The International Finance Commission guarantees monetary compensation of up to EUR 20,000 if the decision of the authority on the dispute is not voluntarily executed by a member of the organization, in other words, any complaint with Olymp Trade for fraud is valid with this body and customers can be reimbursed the amount indicated, as the entity does so.
Of course, regardless of the International Finance Commission’s endorsement, rest assured that you will not have any complaints from Olymp Trade as it is an excellent broker as I said. So don’t wait any longer and join Olymp Trade from this publication.
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What types of accounts does Olymp Trade offer?
This broker offers several different types of trading accounts, but you must remember to divide these accounts into Forex trading accounts and Binary Options trading accounts:
Olymp Trade Forex Accounts:
- Two demo accounts: These are demo accounts representing Olymp Trade’s Standard and ECN Forex accounts, with a dummy balance to test all the features and functionality of the Broker.
- Standard account: With this account you can trade Forex paying spreads starting at 1.1 pips and no fixed commission per lot, the minimum deposit is 10 monetary units of the base currencies accepted by this broker.
- ECN Account: With this account you can trade Forex with 0.0 spreads, but you have a fixed commission per standard lot, the minimum deposit is 10 currency units of the accepted base currencies.
All Olymp Trade Broker Forex trading accounts can be connected to MT4 for market trading, this trading platform could not be missing when it comes to trading on the Forex market.
Olymp Trade Binary Options accounts:
- Demo Account: This is the demo account for those who want to trade with Olymp Trade using fictitious money and test the operation of the Broker, this account is ideal for those who enter for the first time to this Broker or properly to the binary market.
- Standard Account: This account is ideal for people who intend to trade binary options with low amounts of money, you can also deposit more money if you want, as such the limits of this account are low so that as many people as possible can trade Binary Options using little money, this account requires a minimum deposit of $10.
- VIP account: This account is exclusive since it requires a minimum deposit of $2000 or its equivalent in the other base currencies accepted by the Broker. This type of account is for people who trade with somewhat high amounts of money, therefore, the return on successful trading with this account increases considerably.
Olymp Trade Broker’s conclusions
You can conclude by saying that this broker is one of the best that any trader can use for trading, it should be noted that since they now offer services for trading in Forex this is the perfect opportunity for more people to join this broker and start trading in the market.