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What is Olymp Trade
Olymp Trade has been an international broker for more than 5 years and it allows traders to buy and sell currencies, commodities, and cryptocurrencies & more digitally. the broker came into existence in the year 2014, In these eight years, this platform has gained huge success and popularity. the broker has over 60 million user accounts with 16 million average payout and 30 million average monthly transactions and over $211 million monthly trade turnover.
The company has won multiple multiple awards including ‘Best broker’ in Forex expo 2018, 2020 and ‘Fastest growing broker’ in Show Fx world 2016.
Features and reliability
Olymp Trade is A- a recognized member of the International financial commission which is an independent self-regulatory organization. they ensure that traders and brokers are trading in a safe environment by helping both getting their disputes resolved quickly and in an unbiased manner.
How Olymp Trade works
Olymp Trade is available in 194 countries including India. The company is a beginner-friendly platform and they allow traders to practice trading in demo accounts. they offer two types of accounts.
Demo account: The company is a beginner-friendly platform and they understand that not everyone is an experienced trader. therefore, they allow you to trade in a demo account. where you get $10, 000 virtual currency. you can practice trading with virtual currency and develop your skills.
Real account: real account is the account where you make real money and trade with the real currency. In order, to get started with the real account you need to deposit at least $10. the company provides multiple payment methods including UPI for Indian traders. however, you should remember In case of withdrawal your earning amount will be credited to the same payment method via which you deposited.
So, I have done my job. I think I have covered the basics of the Olymp trade. I hope you have understood what is Olymp trade and how it works. you can start trading for free with Olymp trade today. the best thing you can do is start with the Olymp trade demo account where you will get $10k free virtual currency and move to the Olymp trade real account. once, you are confident enough. If you still have any doubts do comment below. I would love to hear from you.