Olymp Trade Review

Olymp Trade ReviewOlymp Trade is a binary option broker of a new generation. The company is a relatively new and was registered its activities in 2013 in Cyprus. Currently, the number of Olymp Trade binary option broker customers is not too large, but the available trading conditions, service and modern software allows us to advance the conclusion that their number in the future will only increase. The main advantages and disadvantages of Olymp Trade binary option broker is that it is one of the best broker that is suitable for traders who are only familiar with the possibilities of earning with options.

This is due to a number of the following factors:

  • platform interface is optimized for Russian users;
  • traders who decided to try their chances on binary options market can use a demo account in the amount of 10,000 conventional units (rubles, euros or dollars). To enable it, no need to make any initial deposit;
  • to conduct commercial transactions (to replenish its own balance sheet) can use any of the following currencies: euro, dollar or ruble;
  • the initial deposit is 350 rubles, the equivalent of 10 euro / dollar;
  • the minimum rate is 30 rubles (1 dollar / euro);

Among the main drawbacks of a small number of users report the available financial instruments, junior tutorial (sharpened by beginners) and regular interruptions of service, engaged in advising clients online. Olympus binary option broker works in line with modern Trading Platform, which is rather functional and easy in use. Moreover it helps to learn about the possibilities of the binary income. However, the key feature of the Olymp Trade platform is that it is an option for early closing of the transaction. With this option it is advisable to work in such situations as:

  • when a transaction is in the black, but due to unforeseen circumstances there is a high probability that at the time of expiration of the option price to change its direction;
  • when the transaction shows a negative result and the prospects for further is not observed (when using the early closure, the trader instead of 100%, limit the loss of 20-30% of the amount of the bet).

Olymp Trade binary option broker has the following characteristics:

  • it is possible to trade with such goods and commodities as gold and silver;

Among the types of options not only the classic version is available. Market participant can also make a forecast according to decrease or increase level of selected assets. Olymp Trade binary option broker aims to support new users, which, due to lack of experience, unable to trade with profit and no nothing about risk management. Olymp Trade - is actively developing binary option broker that set optimal conditions for getting started trading and gain profit.

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