Olymp Trade

Olymp Trade is a well-known Fixed Time trade broker in the area. It is famous for offering a simple and practical trading platform, attracting new traders every day. Created in 2014, the platform is still fairly new but is regulated by the IFMRRC, making it a safe option for traders from various parts of the world, including New Zealand.

It offers several features and functionalities in order to teach its users to transact options online and specialize in the subject. In this sense, both new traders and experienced traders will find pertinent and useful content on the site. In addition to offering a pleasant user experience, the company also makes some of the lowest minimum deposit and trading amounts available, which can be very convenient for those who are just starting out trade Fixed Time Trade online .

Currently, the platform already counts more than 160 thousand traders in several countries and millions of trades made. Its website, as well as user support, is available in several languages, including New Zealand English. The site is undoubtedly equipped to serve novice New Zealand traders who wish to enter the world of Fixed Time trading by making conscious choices and targeting potential profits.

In this assessment, read a little more about the user experience that traders will find on Olymp Trade , knowing their security protocols, their payment methods, bonuses and advantages offered. At the end of the article, compare its benefits with other Fixed Time Trade sites to make the best decision of where to invest your time and money.

At New ZealandCasinos, we review betting sites, online casinos and Fixed Time trade brokers. Our reviews are unbiased, which means we are not paid anything to write them. For that same reason, we can affirm that they are 100% true, based on the experience that our team has had, as players, on the site in question. You can trust that our content is not altered in any way to favor certain companies.

If you follow New ZealandCasinos, or if you've read any of our other reviews, you know that we always start a review by discussing the player protection factor. Security is a touchy subject when we talk about betting and casino games made since New Zealand , since the topic is little or not discussed at all. Consequently, when a New Zealand player thinks about betting online, many doubts and fears arise, especially regarding their safety: Will my money be safe on this site? Can I trust this company? Is it legal to bet online in New Zealand? Are these Games Fair? Who can I trust?

In this regard, we address the issue of security first, as feeling safe during your online gaming and betting is paramount. If you also have questions about the legal issues of betting from New Zealand, we recommend reading our guide to online gambling licenses , where we talk about the current legal situation of casino games in New Zealand.

In addition, we recommend reading our guide on how to identify a safe casino site , in which we list the main aspects that the user needs to keep in mind before registering with a casino, betting site or Fixed Time Trade broker. The list below demonstrates what we take into account when considering whether a company is trustworthy or not:

• The company must have a license, granted by a responsible body within its jurisdiction (i.e. within the country where the company is operating) to offer online financial instruments;
• The site must have technologies to ensure the security of user data, such as an SSL security certificate;
• The company should be evaluated by independent audit firms on a regular basis, who assess whether the trading platform operates fairly;
• The company must present a good online reputation among its users, which ensures that the support is effective and that the service offered is fair.

Olymp Trade is a trading platform of Saledo Global LLC.

Saledo Global has been a member of the Financial Commission since 2016. The Financial Commission acts as a Regulatory Authority for forex and Fixed Time Trade Brokers. However, it does not convey much confidence, since it is a service-providing organization, and not a government entity.

Additionally, the company is also registered with IFMRRC (International Financial Market Relations Regulation Center), a Russian non-commercial organization that has the purpose of regularizing online brokers. Like the Financial Commission, IFMRRC's role is to provide mediation services between users and brokers, resolving disputes that could not be resolved individually.

The question that remains is whether these two organizations are really able to regulate brokers and protect users from possible fraud schemes, which we know exist and are not uncommon. Generally, brokers operating in Cyprus are licensed by the government body CySEC (Cyprus Securities and Exchange Commission), but Olymp Trade does not yet have this license. Check out our guide on how to invest in Fixed Time trading to read a little more about the government bodies that license options brokers.

Is the site reliable or not? From a technical point of view, we still cannot fully state that yes, but we also cannot state that no, since there are traders who claim to be profiting on the site. It's been a few years since the company opened its doors, and since then it has received both positive and negative feedback.

As a large company, a Olymp Trade it has already been widely evaluated online, either by individual users or by sites specializing in Fixed Time Trade. The conclusion we came to after our research is that it acts like any other broker: depositing money is very easy and the trading platform is great for new traders, but the company makes withdrawals difficult.

Whether for reasons of bonus rules or for numerous other reasons, withdrawing your money seems to be difficult. In any case, we recommend four essential items: first, read the company's terms and conditions before registering; second, think twice before accepting a bonus; third, bet only what you can afford to lose; and lastly, do not make trades if you do not understand what is at stake. In case you register, verify your identity (by submitting the necessary documents) before you start trading. This can avoid problems and delays at the time of withdrawal.

The site is protected with an SSL security certificate, which means that the data of the users who are informed to the site are protected against possible theft.

For the Prevention of hasty trading, the company provides a very complete section with videos, articles and strategies so that traders can learn about the world of the financial market before trading Fixed Time Trade. We'll talk more about the features and capabilities of the platform in this review.

Use bonuses

Olymp Trade was established in 2014, and has since been working to enhance its trading platform, making it increasingly attractive to New Zealand traders. The company continuously develops tools – such as strategies, webinars and courses – so that traders have theoretical support to rely on during their online negotiations.

Also, a great functionality is your demo account , which allows traders to conduct up to ten thousand practice trades before involving money in the move.

In this section, we will talk about the rules of the platform, the assets available to traders, and all the other factors that you see below:

• Site rules and terms.
• Assets available for trading.
• Expiration times.
• Commissions and potential profit.
• Platform and software.
• Types of trades available.
• Demonstrative account.
• VIP account.

Olymp Trade New Zealand places some restrictions on who can register on the site. For example, residents of the United States and some European countries cannot register. Public officials are also prohibited from trading on the site.

The company's terms and conditions are translated into English and we strongly recommend that you read them before registering, as by registering you agree to all the terms set forth therein. So reading them and being aware of your obligations and the obligations of the company can avoid possible problems later. Every trader should be aware of the rules imposed by the platform before trading an asset.

By registering, you agree, among other things, that:

1. Working with Fixed Time Trade involves predicting the evolution of the prices of a particular asset (which can be an index, a currency pair, stocks or commodities). To profit from trading, you do not need to know the exact evolution, but you need to predict the rise or fall of the price.
2. You are aware that options transactions are speculative and rather risky investments, suitable only for investors who: 1) understand and are prepared to take the economic and legal risks involved, 2) take into account their financial situation, their financial resources and their obligations, 3) possess sufficient knowledge about options to invest in them.
3. You shall be solely responsible for your decisions regarding trading strategies, which shall be based on your understanding of the market.
4. Options are a derivative financial instrument. Their price derives from the prices of assets and markets to which they are linked.

In addition to its obligations, the trader is also prohibited from using automated algorithms and special software to carry out transactions on its behalf.

The number of assets that can be traded on Olymp Trade is not huge, but it covers more than 50 assets among currency pairs, indices and commodities that can be traded. Others Fixed Time Trade sites large-sized offer an even larger number.

Although the low number of assets can cause more experienced traders to give up trading on the site, it is perfect for those who are just entering the world of the financial market.

These are the assets available at the time of this review (it is possible that the company will add more assets in the coming years):

• Currency pairs : EUR/USD, USD/JPY, GBP/USD, USD/RUB, USD/CHF, AUD/USD, EUR/RUB, USD/CAD, EUR/CHF, EUR / JPY.
• Commodities : Gold, Silver, Brent, Natural Gas, Copper, Platinum.
• Cryptocurrencies: Bitcoin, Litecoin, Ethereum Classic (ETC), Zcash (ZEC), Dash (DASH), Monero (XMR), Ripple (XRP), Bitcoin Gold( BTG), Bitcoin Cash (BCH), Ethereum, ETH / USD, LTC / BTC
• Actions : Apple Inc, Boeing Co, Facebook Inc, Google Inc, IBM Corp, Tesla Motors Inc, The Coca-Cola Co, Microsoft, McDonald's, Visa Inc, Starbucks, BMW, Nintendo.
• Indices : DAX, S & P500, NASDAQ 100, Dow Jones, CAC 40, EURO STOXX 50, Hang Seng Index, Nikkei 225, RUSSELL 2000, FTSE 100.

Before an option is performed, You must choose the following conditions of the operation:

• Active;
• direction of rate change;
• business value;
• option expiration period;
• value of the asset quote.

On the Olymp Trade Platform, the trader can choose the expiration time he wants. However, this period cannot be less than one minute or more than 180 minutes. It is also not possible to choose half seconds.

The platform's returns range from 80% to 92%, depending on your account type. VIP accounts receive more return, while normal accounts receive less. The platform currently does not charge commissions for trades.

With this rate of return for normal accounts, a Olymp Trade it remains within the standard of other brokers. However, the low initial deposit limit ($10) to start trading and the low minimum amount of trades ($1) can make it worthwhile.

Once registered with Olymp Trade, you can trade from your cash account, or from your demo account. Three account types are available. They are:

• Demo account - It's the demo account. We have dedicated a special section about it below.
• Normal account - Suits beginner traders who are trading low amounts.
• VIP account - For traders who make a deposit of at least two thousand dollars. By depositing this amount, your account is already considered a VIP account, which has the advantages of receiving higher returns, faster withdrawals and some other special features.

The Olymp Trade Platform was developed by experienced programmers, traders and market analysts, who took care to make it accessible to everyone, including beginners. In this sense, you probably will not encounter problems in using the platform. It is quite clear, in the sense that it shows all its functionalities in one place.

In the main menu, you can see the available assets and go navigating between them. When you select an asset, its respective charts will appear on the screen, next to the options menu. To make a trade, simply select the expiration time, the amount you want to invest, and choose the UP or DOWN option. The return rate is visible to you at all times, which is always above 80%.

In addition, the platform is customizable, which means that you can choose how the charts are shown, change the time frame in which the chart appears, and use oscillators and indicators to read the information more precisely. The execution of the platform, its design and its navigation, everything is well thought out and quite professional.

The maximum trading amount is $ 2,000, while the maximum trading amount for VIP clients is $ 5,000.

The types of Fixed Time Trade available are ladder, one touch, no touch and classic high-low options. We talk more about each of them in our Fixed Time Trade online main guide .

It is common for brokers to offer all these types of trades. But this is not the case with Olymp Trade. It only offers the basic option of high-low or, as some call it, call-put / up-down. Adding this to the fact that the number of assets is greatly reduced and that it is not possible to make long-lasting trades, it seems that the company is really focused on training new traders, and not on attracting experienced traders.

A demo account (meaning demo account) is an account with which traders can experience making trades on the options platform without risking real money. On demo accounts, you receive credits that you can use to trade freely on the platform.

The demo account Olymp Trade it is one of its best advantages. It offers 10,000 credits to all registered traders. With this account, you can practice trading if you are a beginner, test new strategies and follow market movements. The demo account also provides your familiarity with the platform, such as identifying the different assets, tools and charts available.

To get a VIP account, just register and deposit two thousand dollars ($2,000) or more on the platform. In case your deposit has been made, you already have the status of a VIP account. The advantages of being a VIP include:

• Best return for your business: percentage jumps from 80% to 92% return.
• You receive trading signals and recommendations on the platform.
• Guidance from an experienced trader as your advisor who will be able to suggest strategies for you.
• More agile withdrawals.

No New ZealandCasinos , we like to say that payment methods are the gateway to the broker, since in case you cannot deposit by any means, you will have no way to trade. In our view, the more methods available, the better. Like most brokers, Olymp Trade offers varied payment methods, which include debit and credit card and online wallets.

Before depositing, we recommend verifying your account with the necessary documents. Log in to your profile to learn how to do this. Once verified, you can make your deposits and start trading. Keep in mind that the method chosen for deposit is always the method in which you will be able to withdraw your profits. Therefore, use a comfortable method for both transactions. Currently accepted currencies are only the US dollar (USD) and the euro (EUR).

Depositing funds into your account is easy once your identity has been verified. Some methods take longer to process, and some are instantaneous.

The minimum deposit required is $ 10. To get VIP account status, you need to deposit $ 2,000. The minimum amount that can be traded is only one dollar.

In the table below, see the deposit methods accepted in New Zealand, as well as their respective estimated processing time.

* As of February 2018, Neteller and Skrill will no longer be accepting deposit and withdrawal transactions for betting sites and online casinos.

To withdraw from your account, you can use the same deposit methods. The maximum withdrawal processing period is five working days. The minimum withdrawal is ten dollars.

* As of February 2018, Neteller and Skrill will no longer be accepting deposit and withdrawal transactions for betting sites and online casinos.

Olymp Trade does not regularly offer bonuses or promo codes like other Fixed Time Trade Brokers. There are bonuses for inviting friends to the platform from time to time, but there is neither a welcome bonus system nor a Deposit Bonus regular, unfortunately. The platform also does not have a loyalty program.

On the other hand, its advantage is that the minimum deposit to start trading is very low, which can definitely attract many traders. Additionally, its Demo Account offers a more than reasonable amount of credits to all users who want to test the platform for free.

Fortunately, Olymp Trade directs an entire section of the site to offer tools and features to its users. Entering the Fixed Time trading market can be confusing at first, as there is so much to learn. That is why this type of tool gains a lot of usefulness and marks many positive points in the reviews of traders (and ours, of course).

The educational area is designed for beginners and brings a diverse and extensive content, and perhaps it is the functionality that stands out the most on the platform. It serves to give a theoretical basis to traders and responds primarily to the needs of beginners, although there are resources for experienced traders as well.

The platform may not offer many trading options, but it is well equipped with features. In it, you can learn about how Olymp Trade works and on how to trade Fixed Time Trade online. Its functionalities and tools include:

• E-book : There is a free downloadable eBook that acts as a short introductory guide to Fixed Time trading.
• Tutorials and webinars : Interactive trading tutorials, webinars (webinars) and videos with news about the financial market are available to everyone.
• Glossary : Also in the educational section, you will find a glossary with the most recurring terms of the negotiations, and a section of questions and answers on technical aspects of the platform.
• Professional support : Support from market analysts and professional traders for those who have a VIP account.

Other platform features include:

• Trade cancellation : If your trade is not going well, you can cancel it and get up to 60% of your investment back.
• Support for cryptocurrencies : There is a wide variety of cryptocurrencies with which you can trade on the platform.

The Olymp Trade website offers a rather pleasant user experience. It is well designed and has all its pages translated into Portuguese. Navigation from New Zealand is fast and we did not encounter any problems navigating it. Even without being registered on the platform, you have access to all information about the company and the platform, except for payment methods.

As we mentioned, the platform is quite easy to use, being precisely made to introduce new traders to the financial market. Traders looking for low risk and educational and enlightening material will be pleased. The demo account is perfect for anyone who wants to train before risking money.

Unlike other brokers, Olymp Trade does not offer bonus regularly, but from time to time it is possible to find some promotion available to traders. The minimum deposit amount and the minimum trading amount, however, are inviting for those who are taking their first steps in the financial market.

The site is fully adapted to mobile devices, and you can access your account from wherever you are, whenever you want, without any problem. There are also mobile apps for Android and iOS devices available.

Olymp Trade certainly offers an excellent Fixed Time Trade trading platform. When compared to other brokers, we noticed that it is much more aimed at beginner traders, who are learning to navigate the world of the financial market.

In this sense, traders with more experience may not see the appeal of the platform in the same way as beginners. It offers few types of trading, and a relatively small number of available assets. In addition, it does not offer regular promotions or a loyalty program like other platforms, which can be a negative factor for many traders.

Platform support is available through phone, email and online chat. It works in eight languages, including Portuguese. We tested the service of the platform and, although it was very helpful, they responded to us only after several days, which is an inconvenience and a negative point in our evaluation.

We recommend using the online chat and reading the questions and answers (FAQ) section if your question is specific, since contact by email only works during business days.

Online Chat
Available

E-mail
[email protected]

Phone
+357 25030996

Olymp Trade works in New Zealand and is certainly a platform that meets all the criteria for new traders to start investing in Fixed Time Trade. The entire website and support is in English, which makes communication much easier. In addition, the educational area offers several resources that can help you profit from online options.

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