OlympTrade focuses on binary trading, is open to US customers, and is based in Russia. OlympTrade is owned and managed by both Seychelles and the Frandom Holding Ltd. and Smartex International. OlympTrade was founded in 2014 and lists payouts of up to 80%. There is a limited amount of automated brokers to choose from, however, the minimum deposit is priced at a low $10, and customer support is excellent. This company is a good place to start with binary trading because traders are allowed a minimum of $1 for investments. In addition, because of the limited number of automated brokers available through OlympTrade, it levels the playing field with trading options among similar types of accounts.
Binary Trading is a good platform for beginning traders, interested in trading commodities and currency. The OlympTrade platform offers strategies and analysis that both beginners and more seasoned traders can take advantage of. Utilizing an automated broker you can input a strategy that assesses a prediction of the high or low of an asset. OlympTrade makes binary trading a more comfortable experience, thanks to auto brokers, and its software platform for traders. OlympTrade brokers seek to minimize your risk and maximize your return on investment, utilizing analysis, and experienced strategies.
All traders are allowed to either select making investments in USD or Euro currency. Each trading account allows traders access to a market analysis and an account manager. All traders are able to receive a bonus or promotional deals, but the website is not clear with the specific details. It is best to let your personal account manager, attached to your portfolio, to assist you with bonuses. If you are new to binary options trading, when you register an account, there is an option for a demo of OlympTrade. A demo allows traders to play around with 10,000 in virtual currency, to test out binary options trading.
Software and strategy
OlympTrade prides itself in its proprietary software, because of its ability to take advantage of higher gain, high-risk options with a quick expiration time. It is best to utilize an auto broker, in order to make a swift decision, where a window for trading exists between 60 seconds to 3 hours of time. High/low options are the only type of trading that auto brokers, via OlympTrade can utilize. Traders, who enjoy the thrill of trading different commodities and currency pairing, will greatly enjoy the platform of OlympTrade broker technology.
OlympTrade advises traders on how to predict market behavior, and assess the possible direction of a commodity, based on creating signals. Certain things like news events, such as the release of a company’s earnings report, or government inflation rates will all affect your trading. Experienced broker advice and time-tested strategies are illustrated in demos for beginning traders. Seasoned traders can take advantage of strategy advice and the in-depth FAQ, to make the best trading decisions for their portfolio.
Traders in over 20 countries utilize OlympTrade, and traders have earned over $100,000 per day with successful binary trading via the platform. OlympTrade provides satisfaction with its traders, because it offers up to 60% of the trade amount, in case the broker predicts the wrong forecast. OlympTrade is conveniently available for free on Google Play, and with over 70 assets available to trade, beginners and professional traders alike enjoy this young company’s results for their portfolio.
OlympTrade puts emphasis on sticking to a solid strategy for assessing the market so that traders can make an informed prediction for their commodity or currency of choice. Signal creation, via reading the market is stressed, especially for volatile assets with short-term investing. The best course of action is to use leverage, investing only a 5% or less in equity, so that in case of loss, you do not have to have large gains to cover or break even. Traders are encouraged to keep your account balance at the forefront of trading decisions, as it is important to consider the weight of losses vs. gains in the market. OlympTrade wants traders to be successful, so they encourage you to trade what you can afford, leveraging against your account responsibly.
Strategy methods with OlympTrade focus on strategies, such as Candlestick formations. This is a little tricky at first for beginners, but once you get the handle of the formations to look for in market analysis, it’s a profitable method. More easily used methods involved trading based on market trends, or looking at how major events in the financial world will affect assets movements. It is best to keep a diary and make use of market analysis, and compare your results with the ups and downs of the assets behavior. Brokers and FAQ are here to be of assistance when utilizing this platform to make trades. If you are nervous about this, again, OlympTrade offers a demo of how binary trading operates in different scenarios, using up to $10,000 in virtual currency so that traders can get the hang of things.
Design and available devices
Trading binary options with OlympTrade is user-friendly, as the platforms organize the information cleanly, with bright colors, and no frills. Trading history is placed on the bottom of the platform, so that traders can get a ready-to-view overview of their transaction history, in order to make better decisions in the market. Trading charts are listed on the right of the website for viewing, while an area for trades that are placed are aligned to the left.
You can enjoy trading with OlympTrade automated brokers, even on the go. OlympTrade is incredibly efficient and conveniently available for mobile trading. You can use Android apps or iOS for those who have iPhones. There are no barriers to accessing OlympTrade, whether at home or on the go. Apps are conveniently available so that traders can take advantage of making binary trades, no matter where you are on the planet. Trading can take place whenever the allotted trading hours are available, as long as you have access to the internet and your broker.