There is a free account called Demo Account, and each account receives 10,000 demo coins. A minimum deposit of $10 is required to open the standard account. The minimum transaction amount is $1. When it comes to withdrawing earned funds, the lowest amount an account user can withdraw is $10, and there is no limit to the amount of money a person can withdraw. Withdrawals can take as little as one day and up to three days. Forex trading and fixed-time trading remains one of the most profitable ways to make money on the internet in India, and a good broker will make your trading history much easier. Olymp Trade is one of those good brokers. However, to trade firm trades, you need to register with an online broker, who will then give you access to their platform from which you can trade. There are a lot of brokers there, and in the mix we also have fakes. Therefore, traders only have to choose brokers that have a commendable track record and are recognized in the industry. They must also be registered with reputable supervisory authorities. One such broker that has these features and much more is Olymp Trade. Although trading in India is a very sensitive topic, it is not illegal to trade digital options and Forex in the Asian country.
Brokers can operate in the country without having to obtain licenses from regulators such as SEBI or RBI. Thus, Indians who want to earn extra income through the financial market can easily use Olymp Trade. For a beginner, I would advise choosing longer deadlines, as short periods are for traders with a lot of experience due to the nature of the markets. Trading fixed-time transactions with Olymp Trade is one of the most profitable and therefore popular ways to make money on the Internet. Fixed-time trading is a derivative instrument that allows you to speculate on likely movements in the prices of financial assets. Essentially, fixed-time trading allows you to “bet” or “bet” on the direction of movement of assets such as stocks, cryptocurrencies, commodities and of course Forex (based on careful analysis). In this case, you don`t really care about the underlying assets. Instead, you`re only interested in the directions in which their prices are most likely to move. If the price goes up, you decide to “buy,” and if you believe the price will go down, you will enter a “sell” transaction. All this and more can be done via the Internet. • Secure platform – Unlike other trading platforms on the market, Olymp Trade is FinaCom PLC certified and is a completely legal and legitimate trading platform. • High profit percentage of assets – Assets accessible for trading on Olymp Trade provide traders with a high profit percentage.
A basic user can make up to 82% profit while a VIP user can make up to 90% profit. This means that consumers who invest $10 in an asset and correctly predict its position, which can be up or down, within the timeframe they specify, can earn up to $19 for that trade. While researching for this article, I came across a number of conflicting opinions about the legality of Olymp Trade in India and I also found many videos on Youtube on how to apply winning strategies on Olymp Trade and how it is quite legitimate and exaggerated when it comes to depositing your winnings on their platform. If you`ve never heard of Olymp Trade, it`s an online trading platform that allows people to invest in different asset classes like stocks and cryptocurrencies. It was founded in 2014 and serves customers in more than 30 countries and is headquartered in St. Vincent and the Grenadines. Olymp Trade is one of the most well-known online trading platforms that allows people to invest less and earn a lot. The platform has been serving clients since 2014 and has proven to be reliable for people interested in online trading. Olymp Trade offers fixed-time traders and currencies that set it apart from other trading assets as they offer a long list of assets. But is Plymp Trade legal and safe in India? No, they don`t. If the traded asset remains in the same position as before, the entire amount invested will be returned to the trader`s account, regardless of the position called.
The fact that Olymp Trade has a platform for Indian traders shows how serious they are in providing their services in the country. Customer support is available 24/7 and has published many articles that would help beginners navigate the financial markets. Olymp Trade`s trading platform also allows you to set trading times. The trading interval or duration varies from one minute to twenty-four hours. This is the time when money goes up or down. Before entering a trade, the trader can see the winning percentage of the specific commodity, currency pair, index or stock. As a result, Olymp Trade can be easy money if people call the right option, but it can also be a loss of a minute! This is the excitement of trading on Olymp Trade. Olymp Trade is a recognized A member of the International Finance Commission, which allows the platform to cover unfair trading practices up to $20,000. The minimum deposit amount required to start trading on the platform is $10, making it easier for small traders to try their luck.
The Olymp Trade app also offers easy access to educational materials that make it easy for new traders to become familiar with the system. • Low initial investment – A simple minimum deposit of $10 is required and $1 is required to start trading. When new traders are reluctant to venture into the world of trading, the modest initial commitment is an incentive. Let`s start there, is the use of Olymp Trade even legal in India? The answer is both yes and no, yes, because anyone can simply start using Olymp Trade by creating an account and then start trading as they wish. No, because there is no law that determines whether it is legal to use this form of online trading or not. However, this does not mean that no new laws will be enacted or promulgated that officially declares Forex trading or binary trading legal or illegal. So we know that Olymp Trade operates in a legal grey area, at least for now. • Easy and fast withdrawals and deposits – Olymp Trade accepts deposits from a variety of sources. It also accepts electronic payments. If traders wish to withdraw their winnings, the product will be transferred directly to the source or account of their choice within 1-3 days.
In addition, the Olymp Trade website offers users a free demo account and allows them to practice their strategies that can be implemented during real-time trading. Various investment methods can be used on Olymp Trading, which discourages new traders from making ill-informed decisions. Traders can then activate their real accounts and trade with their own money. Olymp Trade`s services are available worldwide, except in some countries such as the United States, Japan, Israel, Canada, Russia and some others where reverse trading as investment vehicles require special regulations or have restrictions. Since the Indian government has not imposed a ban on binary options, Olymp Trade is widely available in India. In fact, the broker has special customer service options for Indian traders. Will Olymp Trade offer traders instant profits? Olymp Trade offers a pleasant working atmosphere for both experienced and inexperienced traders. Hundreds of positive reviews were received from the company. First of all, customers are satisfied with the simple check-in process, the small deposit and the convenient and tailor-made terminal. On the trading platform, hatching and freezing are practically absent.
Long withdrawals of funds are the most common negative opinions about the company. It is completely legal to trade digital options and Forex in India. The foreign exchange and options market in India has grown in recent years, attracting more retail brokers, and Olymp Trade is one of them. The company has a website for Indian traders that shows commitment to the market. However, you can upgrade from your current status to a higher status if you have accumulated enough experience points (XP). These points are awarded when you make transactions on a real account. • Multiple assets to choose from – Olymp Trade offers its consumers over 75 assets to choose from, including currency pairs, stocks, indices, and cryptocurrencies. This gives every trader the freedom they need. You must deposit a minimum of $500 and a maximum of $1,999 to achieve extended status. Benefits associated with this status include an increase in payout rate for successful trades to 84%, the ability to open up to 20 trading positions simultaneously, access to consultations with a personal analyst once a month, 7 already integrated trading strategies, and access to webinars and educational resources. According to the guidelines of the Reserve Bank of India, binary trading or any form of online forex trading is not legal in India and therefore, anyone who wants to invest in binary options should be aware of the consequences of binary trading. This means that although Olymp Trade meets the minimum requirements to be a legitimate platform, anyone who uses the platform to trade binary options does so illegally and therefore has no legal recourse in case something goes wrong.
Olymp Trade is a unique trading platform that meets the needs of its consumers. Olymp Trade caters to both experienced traders and beginners.
