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Here’s what consumers have asked with answers from Olymp Trade staff and previous consumers.
Hi there, Nelson D. Thank you for getting in touch with us. The maximum leverage value for Standard and ECN accounts on the Olymp Trade MT4 is x500. There are 8 options available — from x1 to x500, our traders can choose the preferred value of the leverage from the dropdown list. Feel free to contact us if you have any further questions. We will help you with great pleasure. Best regards, Olymp Trade team.
Hello, dear Herald! Thank you for leaving a question. There are two available account types for the Olymp Trade MT4 — ECN and Standard. The ECN account allows trading with zero spread and a fixed commission. Using a Standard account, a trader is obliged to pay the spread (it starts at 1.1 pips) but does not have to pay a commission for opening a trade. You can test both account types in a demo mode to find out which one is more suitable for you. You can also experiment with a SWAP free option. It replaces a fixed commission for holding a position overnight. Best regards, Olymp Trade team.
Hello, dear SeanLoi L. Thank you for getting in touch with us. It is great that you seek more information to upgrade your trading skills. We can definitely advise you to use the Olymp Plus application, it will guide you through market analysis insights, video tutorials, strategy tips, and news feed. This trading assistant is helpful for both: novice traders and experienced ones. You can view useful video tutorials and webinars on our Olymp Trade Global Youtube channel: https://www.youtube.com/channel/UCY6DeO0JlJ8dcdWPX9DDzRg We also recommend you to pay attention to our official blog sections as they contain informative articles, analytics, strategies from experts, and platform news: https://blog.olymptrade.com/ Best regards, Olymp Trade team.
Hello there, Marco K. Thank you for your question. We provide our traders with the opportunity to learn and grow with us regardless of their level. Beginning traders can start from scratch and professional traders can gain more experience. Our extensive educational base is aimed at both: beginning traders and experienced ones. And our demo account is a great tool for all traders: novice traders can practice without taking risks, and professionals can test their own theories and strategies before using them in a live account. Also, we support our active traders with the Status system, where more privileges are accessible by upgrading an account level. Best regards, Olymp Trade team.
Hello, Virginia! You can contact us any convenient way: via e-mail support-en@olymptrade.com, in the live chat at olymptrade.com or in Our group facebook.com/olymptradecom/ We are always there to help you!
I think one of the coolest features of this broker is ability to open cryptocurrency trading account and fund it with crypto. Broker gives clients opportunity to use USDT as base currency of account. And USDT can be deposited to account by crypto transfers. USDT exchange rate doesn't differ from real dollar exchange rate, so there is no need to worry about conversion of this currency. And at the same time, USDT has many advantages in relation to the real dollar. So for me this feature of broker is the most significant.
Yes, they have a unique concept of how they calculate the size of the position and the leverage used. While for traders that are used to lot and leverage, it might be difficult to understand the Olymp Trade concept in the beginning, for beginner traders it is much easier to learn how the leverage work with multiplayer. I think Olymp Trade made is simpler with introducing the multiplier, and another convenience is that you can use different multiplier for each position you open.
We are talking about fixed-time trading here, right? The profitability in FTT is a crucial aspect of a trading strategy, something similar to the spreads in forex. Of course, it makes sense to acquire it and aspire to reach advanced status for even larger profitability. This will increase your profits in the end, and make your risk-reward ratio much better.Kudos to Olymp Trade that they have decided to simply increase the profitability instead of those hard-to-understand and implement bonuses that they were offering in the past.
