On this occasion I will review the Olymp Trade Broker and I will also take advantage of a review with respect to VIP Trading on its platform, it is important to note that the opinions of its clients in 85% of cases are positive which represents a good margin because it guarantees confidence in this Broker.
Security is very important especially when operating with Binary Options or crypto currencies, it is important to emphasize that Olymp Trade offers both services and while they are very good must provide guarantees of security and transparency in the provision of these services.
The best way to guarantee that this Broker is safe and is not a scam is by referring to the fact that it is 100% regulated by FMRRC with license 0395AAVV0074, with this I can argue that this Broker is safe and is not a scam; it makes payments on time when they are requested without the slightest problem and has several payment processors for that.
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Is Broker Olymp Trade a scam?
As I said this Broker is good and very safe so I can say with complete confidence and security that it is not a scam at all covered in that it is a Broker regulated by the FMRRC and incidentally has good opinions by most of its customers.
Keep in mind that when you request a withdrawal from Olymp Trade it can take up to 48 hours to appear reflected in the account and that will depend on whether you use Neteller or Skrill as payment methods, because if you use another payment method the time may be a little longer to process the transaction, being the international bank transfer the longest with an estimated time of five to seven working days for the money to be reflected in the account for both a deposit and a withdrawal. If you want to deposit money in this Broker and that it is credited instantly in the account use Neteller or Skrill, don’t forget it.
Olymp Trade does not offer services in Europe
If you are from Europe, I recommend you not to waste your time trying to register in Olymp Trade since this company does not provide services in that territory, as we already know Binary Options are restricted in the European economic space and crypto currencies although they can still be used to operate in that territory, the Olymp Trade Broker also does not offer investment services there.
If you are from Europe and you want to operate in the Forex market or in the crypto-money market, I recommend you to register in the HF Markets Broker as it is the best option you can find, this Broker is known as HotForex worldwide but in Europe it is under the name of HF Markets, the same will serve you to trade in Forex with various instruments and also to trade with crypto-money over the whole Bitcoin.
Types of Olymp Trade Accounts
Previously I had made a post of Olymp Trade where I detailed the characteristics of the Broker, there I mentioned the three types of accounts and besides that I explained each one separately, so I invite you to go to that entry about Olymp Trade to get information about that. What I’m going to do around here is mention the types of accounts for you to keep in mind:
- Demo account:
- Standard account.
- VIP account.
What is VIP Trading like at Olymp Trade?
As far as VIP Trading is concerned it is quite good, for this you obviously have to have a VIP account with the Broker and for that you have to deposit at least 2,000 USD in the investment account and trade with that capital. As VIP Trader you have access to all the benefits of the Broker and beyond that you have an additional profit percentage on each successful trade you have, to be more accurate up to 90%, keep in mind that depending on the amount of money you use and the number of successful trades you have, the Broker reserves the right to block trades for one day.
Don’t be afraid that when I refer to blocking the operations it doesn’t mean that they blocked the money, the only thing they will do is to put a limit on the net profits that you can obtain per day with respect to the amount of money that you use to operate, this as it happens with other Brokers also, that when they have excessive profits because all the operations are successful they block the instruments of investment during a few hours or a day.
Keep in mind that as a VIP Trader or as an ordinary Trader the profits from successful trades can vary from 50% to 90%, i.e. the net profits are not fixed at a specific percentage with any financial instrument. This is something that happens with Brokers like Binary, IQ Option or any other Broker that provides investment services with Binary Options.