Is Olymp Trade Safe for Indian Traders?
The OlympTrade platform is a popular and one of the biggest online trading platform and has been serving customers since 2014. It is based in Cyprus Seychelles and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully authorized to sell its products to clients in a number of jurisdictions and compliant with the legislation put forward by the commission.
Olymp Trade offers CFDs, Forex, cryptocurrencies, and options. It is quite different from other platforms because they offer an extensive range of assets. Also, another reason why Olymp trade is uniquely different from other financial services is its free demo account and low entry level available for every trader.
Olymp Trade is a member of International Financial Commission. This membership ensures traders will be protected against fraudulent activities on the part of the broker. The International Financial Commission is a third party intermediary between Olymp Trade and the trader if a trader feels they have been wronged by the platform. Traders are eligible and will receive up to 20,000 Euro from the International Financial Commission.
For new traders, Olymp Trade provides a free demo trading platform and are able to set up accounts without making a deposit to the platform. Traders have a space to try out, practice and learn new strategies in a live market setting without risking real money.
The minimum deposit in Olymp Trade is just $10, and you get to enjoy trading and you can use it’s $10,000 as virtual money in your demo account. The minimum trade-in Olymp Trade is just $1 which is a very good amount for new traders. Indeed, there is no better way to get acquainted at any trading platform than Olymp Trade’s $1 trade and a free demo account.
Always remember that all trading is risky and no one is guaranteed to make money. There are certain things you should look for from your trading platform and that are the certifications that prove a company’s legitimacy is a good way to start. Olymp Trade was awarded a Verify My Trade Execution Certification. This means that their platform has been tested to guarantee all trading activity is carried out at the highest standard.