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Similarly, if you’re also a new trader without any prior trading experience, don’t skip using the demo account. Suppose you want to take a full overview of this online trading platform before using its premium account. However, you might have found this same thing in other online trading platforms too.

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Whenever you wish to make a well-informed decision, this app will always assist you. If you have a question you can always find the answer through the automated assistant or a help centre. Manage your money efficiently with this weekly money management guide. Analyze the market sentiments & identify the trend reversal for strategic decisions. Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.

• Olymp Trade is one of the cheapest alternatives for new traders to start trading.
• If you’ve never stepped into a fully digital trading platform, it’s the best way to move on.
• So make sure you’re choosing the same mode of payment while depositing and withdrawing the money.
• Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.
• You can use the demo account right after the simple registration process.
• Respecting the recommendations of the users, the trading app introduced the Stock Price Trade service.

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The Olymp Trade makes sure that every visitor on this fantastic online trading platform doesn’t encounter any confusion. Olymp Trade has been one of the strongest players in the financial industry. Over time, the platform has earned a high status in the online trading marketplace. Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit. Therefore, the financial side of the new mechanic is also designed in favor of traders. The newly announced service eliminated minimum trade amounts, and instead, replaced it with SPT unit price equals the underlying stock’s price.

Olymp Trade – Conclusion

Head Coach Kevin Stefanski downplayed the absence, emphasizing the voluntary nature of the program. Garrett’s trip follows his recent contract extension, and his appearance with Kim has sparked relationship speculation.

Olymp Trade Trading Hours

The company has been a Category A member of the Financial Commission since February 2016, which guarantees traders reliable service and the protection of their rights. According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period. CFD is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash-settled. Apart from educational tools, Olymp Trade comes with a plethora of features. The platform guides and encourages new users through recommendations. Surprisingly, Olymp Trade offers attractive deals and bonuses for its clients from time to time.

AREA OF LEGAL PRACTICE

The platform runs under IFC regulation, which isn’t a reputable regulator, and that may cause a little hitch in your decision to choose Olymp Trade for trading. Though, the spreads you get in a standard account are only 1.1 pips. The video tutorials, webinars, and interactive courses are some of the best things you get with this online broker. However, it often becomes hard for a few traders to trust IFC regulatory bodies because it isn’t that famous. The regulation and licensing describe the reliability of any online marketplace related to monetary exchange.

Olymp Trade Safety & Security

• Analyze the market sentiments & identify the trend reversal for strategic decisions.
• “Resident persons undertaking forex transactions for purposes other than those permitted under the FEMA or on ETPs not authorised by the RBI shall render themselves liable for legal action under the FEMA,” it added.
• Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.
• To sign up and start trading with Olymp Trade account, you must provide your name, a phone number and email address.
• Those indulging in illegal forex transactions can render themselves liable for legal action under the FEMA.
• The price chart can be presented as Japanese candlesticks, bars, HeikinAshi candles or a line chart.
• Investment is seen as one of the best hobbies, as it allows you to take advantage of the most traded financial market in the world, using the simplest trading instrument.
• Myles Garrett, Cleveland Browns’ star defensive end, was absent from voluntary OTAs, attending the Crunchyroll Anime Awards in Tokyo with Chloe Kim.
• The platform guides and encourages new users through recommendations.

In some instances, says the RBI, such ETPs-engaging agents personally contact gullible people to undertake forex trading or investment schemes and entice them with promises of “exorbitant returns”. Many people have lost money by trading with the unauthorised platforms, the RBI adds. Some of these platforms also claim to be regulated by overseas regulators and recipients of global awards, it had added. All these plus points draw trader’s attention towards the online trading broker. With a plethora of trading options and services, the platform is on the rise in the market.

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• It has been in the market of online trading for over 6 years and earned the trust of millions of traders worldwide.
• In the first iteration, the company traders will receive Starter, Advanced, or Expert statuses.
• He attended a high-profile dinner with Taiwanese tech leaders and was a guest of honor at the World Masters Games opening ceremony.
• It has proved itself to be a reliable guide in the world of financial markets for hundreds of thousands of people from all over the world.
• As Olymp Trade is not regularized by Indian authorities, various Indian banks are not dealing with the platform directly, only some international Devit/Credit are accepted on this platform.

Practising on different types of trading and money management strategies will help you become comfortable with them before risking your money. Trading the difference in currency rates, metals or crypto assets value us like traditional commerce. It should be noted in the forex market, online trading India you can open a short position (when you expect the asset to go down in value) and profit from the decline of the quotes. The price chart can be presented as Japanese candlesticks, bars, HeikinAshi candles or a line chart. No matter whether you’re trading through mobile or desktop, if you’re using Olymp Trade, you can invest at any time, anywhere. If you are afraid of putting your money for trading via a random trading platform, you can check its licensing.

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Forex mode on the Olymp Trade platform attracts users with its usability, a simple mechanism of placing the orders to fix the profit (take profit) or limit the loss (stop loss). The platform uses high-end encryption, which provides full protection to the user’s data. Every market follows a varying timeframe and you may find yourself restricted to invest in your favorite asset. Especially if you’re planning to invest in Forex Market that doesn’t remain open for all time. If you make a trade up to £5,000, you also get the opportunity to interact with a VIP consultant personally. For instance, how you can manage capital, the latest trading tips, etc.

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• Apart from this, the platform also charges a subscription fee and inactivity fee.
• The stock price range is very wide and allows any trader to find an SPT that matches their price targets.
• The regulation and licensing describe the reliability of any online marketplace related to monetary exchange.
• Just visit the mobile app store and download the Olymp Trade app.
• The platform uses high-end encryption, which provides full protection to the user’s data.
• It is also crucial to point out that the value of spreads can rise or fall as the market conditions go up and down.

Also, the RBI has clarified that an entity not appearing in the ‘alert list’ can’t be assumed to be authorised by the RBI. The RBI says people can undertake forex transactions only with “authorised persons and for permitted purposes”, in accordance with the FEMA rules. Though, in terms of education, the platform assists new traders a lot. Still, trading with a VIP trading account is more profitable but requires a relatively high minimum deposit amount.

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Olymp Trade is committed to providing transparent, reliable service, and paying close attention to client requests. Before investing your money, don’t forget to try a couple of strategies to determine what suits your goals and trading style best and thus minimise mistakes. Olymp Trade created its free educational material and built-in automated assistant, keeping the new traders in mind. These markets are helping people around the world in making their lives sustainable. Before you invest your hard earned money in financial markets, you are given the opportunity to practice and build a solid foundation of skills.

The minimal deposit amount is $10 (or €10, if that’s the account currency), and one needs as little as $1 to open a trade. Notably, London-based OctaFX, which the RBI says is not authorised to deal in forex, was also one of the official sponsors of the Delhi Capitals team in the Indian Premier League (IPL) this year, say media reports. Ads of many such platforms can also often be seen on popular social media platforms including YouTube. That’s why you can also trust this online trading platform easily. For new traders, a demo account has always been the first helping hand.

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In terms of deals and promotions, users can get a 50% bonus on their initial deposit. According to various sources, Olymp Trade is not technically illegal in India but it is in no way monitored or controlled by SEBI or RBI. This means if a trader faces any issues with regards to the app’s transactions or collections then Indian authorities will not be able to help. As Olymp Trade is not regularized by Indian authorities, various Indian banks are not dealing with the platform directly, only some international Devit/Credit are accepted on this platform.

• The ‘alert list’ is not exhaustive, says the RBI, adding that it is based on what was known to the RBI till September 7, 2022.
• Ensure that the platform can close your account if you haven’t maintained a sufficient balance in your account.
• But the rest of the features that this Trading Platform offers you are truly attractive.
• CFD is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash-settled.
• In the demo account, the virtual account balance of £10,000 allows you to trade in a virtual environment.
• Trading strategies, indicators, and analytical tools are essential for a trader.
• Especially if you’re planning to invest in Forex Market that doesn’t remain open for all time.
• Over time, the platform has earned a high status in the online trading marketplace.

• Practising on different types of trading and money management strategies will help you become comfortable with them before risking your money.
• In some instances, says the RBI, such ETPs-engaging agents personally contact gullible people to undertake forex trading or investment schemes and entice them with promises of “exorbitant returns”.
• An audit of 5000 customers’ trades found that the quality of service meets the standards.
• Olymp Trade created its free educational material and built-in automated assistant, keeping the new traders in mind.
• Therefore, the financial side of the new mechanic is also designed in favor of traders.
• According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period.

It may be a primary trade mechanic for those who want to invest long-term in a relaxed manner. At the same time, it may very well complement other mechanics offered by Olymp Trade and serve as a diversification element. Stock Price Trades offers traders a choice of more than 60 stocks to trade which includes internationally famous corporate giants as well as public companies that represent very specific market sectors.

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The stock price range is very wide and allows any trader to find an SPT that matches their price targets. On evaluating suggestions and feedback from the client, Olymp Trade witnessed a demand for simple, straightforward, and new trading mechanics. Traders desired to experience a wide range of financial instruments offered under genuinely user-oriented terms. Respecting the recommendations of the users, the trading app introduced the Stock Price Trade service. There are trading strategies, workshops and webinars from the company’s analysts for traders of all levels in the “Education” section of the platform.

How to Trade in Olymp Trade

Olymp Trade Forex is perfect for those who want to develop as a trader and get great results. Meanwhile, the RBI’s list of authorised ETPs includes FX-CLEAR, NDS-Call, NDS-OM, CROMS, TREPS, ASTROID, and FX-SWAP — they are all operated by Clearcorp Dealing Systems (India) Ltd. Others are i-Stream (operated by ICAP IL Indian Pvt Ltd), TEX/SEP and 360TGTX (operated by Three Sixty Trading Networks (India) Pvt. Ltd), FXall and Matching (operated by Refinitiv India Transaction Services Pvt. Ltd.) and BTBS (operated by Bloomberg Tradebook Singapore Pte Ltd.). Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited.

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For traders, trading on this platform becomes much easier as this entire platform is easy to navigate. Every option is well-organized that delivers easiness in the trading activities. Overall, Stock Price Trades is a truly user-oriented trade mechanic.