Olymp Trade India is one of the biggest Options trading broker and it is owned by Smartex International Ltd in Seychelles in Cyprus. It came to the market in 2014 and offers lots of trading options to choose from like Options Trading, Stocks, Forex and of course Cryptocurrencies.
Today we will cover in depth about the company and all other aspects. Here is a list what we will cover in our review:
- Introduction Of Olymp Trade
- How Olymp Trade Works
- How To Open Demo Account in Olymp Trade
- How To Deposit & Withdrawal In Olymp Trade
- Frequently Asked Question
- Pros & Cons
Introduction Of Olymp Trade India
Olymp Trade is based in Cyprus Seychelles and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.
Olymp Trade is providing their customer’s to start trading with as low as just $10 in their platforms. Also, you can start your first trade with as low as just $1 which seems very interesting and every type of trader can start their trading journey by putting huge money into risk. Now let us see how this platform works and how to open a new trading account in Olymp Trade India.
How Olymp Trade India Works
Olymp Trade has a very clean layout and every new trader can easily trade on their platform with very easy functionality available. There are lots of trading options to choose from Options Trading, Stocks, Forex and of course Cryptocurrencies. You have to just choose the trading option to trade and just need to predict whether the market is going to go up or not? If you are correct then hurray you have made your first trade successfully.
Also on the screen, you will find lot’s of other options to choose like to add your indicators and change your chart from Japanese Candle Stick, Bars or Line. Also in the bottom, you will see your recent trades in the platform and also your current trade which is open during that period.
How To Open Demo Account In Olymp Trade India
Olymp Trade India offer you to choose from two types of account either $10,000 demo account or standard account. Every new trader will choose the first option to try the platform how it works you can also make new $10,000 Demo account by filling below Registration Form.
There is another option also available to open your $10,000 Demo account just follow below given steps:
- Open Olymp Trade India
- Click Open New Account
- Fill Up Your E-Mail & Password
- Now Confirm New Account from Your email account.
How To Deposit & Withdrawal In Olymp Trade
How To Deposit Olymp Trade India:
You have lots of options to deposit in Olymp Trade but as we know that in India not all cards work with Olymp trade. So the best way to deposit is by using E-Wallet but in that also all wallets will not work. There are many option’s to choose from Neteller, Skrill, and E-Payments, out of this use E-Payments as it is accepted by lots of cards.
You just have to verify your Neteller, Skrill, and E-Payments account with your Government ID and then use any Debit/Credit cards which are Internationally accepted, you can come to know by checking a hologram logo in your card with Gold/Silver color and there will also be written “Internationally accepted” here is photo how it looks.
How To Withdraw In Olymp Trade India
Olymp Trade India gives you lot’s of options to deposit but it is not same with withdrawal options you have to choose from either Neteller or Skrill. So you have to make 2 accounts for deposit and withdrawal in Olymp Trade. To Deposit, you have to make a new account in Neteller, Skrill, or E-Payments and for Withdrawal you need to make in either Neteller or Skrill.
PROS & CONS:
- It has a very low minimum deposit
- Its customer care support is outstanding
- Offers VIP Program, including risk-free trade incentives & personal consultant
- It has a trading academy
- It has limited assets
- Limited Withdrawal Options
Olymp Trade F.A.Q:
The most common deposit method in Olymp Trade is using the International Debit/Credit card of either VISA/Mastercard. If you are in India then UPI is the most easy and fast way to deposit money in Olymp Trade. If your country does not allow deposit with Debit/Credit card you can use E-Wallet like Neteller, Skrill, and Advance cash.
You can deposit any amount you want to deposit in Olymp Trade minimum required amount is $10.
If I deposit by money bt Debit/Credit card how much amount I can withdraw money back in Debit/Credit card
If you have suppose deposit $50 then and you earned $100 then you can withdraw $50 in your Debit/Credit card remaining profit you have to withdraw money in your E-Wallet like Neteller, Skrill, and Advance cash.
As per Olymp Trade, they send money to you within 3 days but your bank needs some more time to complete the transaction. As per experience, it can take the max time of up to 2 weeks it all depends on your location within this time mostly you will receive your money.
There is no mention of such charges associated with the Olymp Trade website but as per our experience around $10-15 per withdrawal, charges are levied on every withdrawal.
E-wallets is an easiest and most convenient method to withdraw money in Olymp Trade as it just takes 24 hours max to get your money in your E-wallet.
Yes, you have to verify your account in order to get your first withdrawal from Olymp Trade.
It may take 1 week excluding Saturday and Sunday to verify your Olymp Trade account generally it takes less time.
Yes, they take fees for every withdrawal you make it depends on what E-Wallet you are using generally Neteller takes $12 and Skrill takes $7 for every withdrawal to your bank account.
You can withdraw any amount you want to withdraw in Olymp Trade minimum required amount is $10.
Yes, there is currency conversion charges of around 4% if you are taking money other then USD.
During deposit of money in E-Wallets, you have to choose "Non-Gambling" as it does not comes under the Gambling section.
No, you cannot withdraw money in Bitcoin you can only deposit money in Olymp Trade with Bitcoin you need to withdraw money by choosing other methods like Debit/Credit card or E-Wallets.
No, you cannot withdraw your money directly in Bank Account you need to choose other methods like Debit/Credit card or E-Wallets.
You cannot withdraw your bonuses, but you may use them for trading and to withdraw profit. Having a bonus on your account does not affect your ability to withdraw funds. Bonuses will be fully debited from your account when the requested funds are withdrawn; they are not debited from the balance right after the request is made.
If your bank does not allow to deposit money by bank card then you can use other methods which are mention earlier.
Finally, we can say that Olymp Trade is one of the best brokers in the market with their special features which other players are missing. It has made every new broker to trade easily with the low deposit as low as $10 and a minimum trade amount of just $1. So, what you are looking for just fill below form and start to trade in Olymp Trade now.