PMT Forum
How do you want to make money today?

A few questions about Olymp Trade broker

Shal · 16 · 1970

Shal

  • Newbie
  • *
    • Posts: 1
    • Likes Received: +0/-0
on: Dec 24, 2018, 03:09 AM
The broker offers options and forex. I heard that the first one is a quite risky thing, but forex is another matter. Deposit requirements are rather modest. I'd like to know if you can really make money with this broker and are Olymp Trade's trading terms as fine as other brokers'?


Jugrel

  • Junior Member
  • **
    • Posts: 36
    • Likes Received: +0/-0
Reply #1 on: Jun 27, 2019, 08:53 PM
The broker offers options and forex. I heard that the first one is a quite risky thing, but forex is another matter. Deposit requirements are rather modest. I'd like to know if you can really make money with this broker and are Olymp Trade's trading terms as fine as other brokers'?
I’m trading at Olymp Trade both options and on Forex. But this is the tactics, I’m hedging the positions with those different tools to minimize the risks. Many people I know are trading only with one thing, so if you want to trade just on Forex there are also some advantages. Regarding the possibility to make money with Olymp -  I don’t know like others are doing, but I manage somehow to get the profit))) Almost for two years I end up every month with profit, although in the beginning, the income was modest, but I also was not a super pro and I was happy at least to be in black.
Regarding Olymp conditions - I can not compare with all forex brokers, as I worked only with one before. But comparing with my ex-broker Olymp definitely has better conditions. There is only one nuance. It is better not to leave the deals opened with Olymp Trade. Based on the asset the commissions for the transferring deal to the next day can be not very pleasant. Especially if you are trading with big volumes. However my personal strategy is something between intraday and scalping, so I don’t have any issues with it :)
Olymp Trade has a very cool platform. The most of brokers offer Meta Trader 4 or 5. These platforms are more familiar to forex traders, but comparing to the Olymp platform it is old school. Although Olymp has even better functionalities. If you are just starting to trade on Forex, the education from Olymp Trade will be very useful. They have webinars and just a lot of educational content on the website. Other brokers also conduct training for the newcomers, but not all, and even less offer this option for free.
Maybe I have a little bit of subjective opinion as I’m trading with Olymp Trade for quite long, but I think it is a great option for trading. At least as you wrote you can start with them even with a little money – you can try and if it won’t work out you will look for a new broker.


Kimbro6

  • Newbie
  • *
    • Posts: 2
    • Likes Received: +0/-0
Reply #2 on: Jun 28, 2019, 01:33 AM
I would say olymp trade is useful for those who know the stratergy of trading well.Olymp trade also offer the bitcoin trading and many other currencies and also you can learn the trading firstly before investing money.
« Last Edit: Jul 22, 2019, 11:13 AM by FutureGizmo »


Spellstalker

  • Senior Member
  • **
    • Posts: 63
    • Likes Received: +0/-0
Reply #3 on: Jul 17, 2019, 02:02 AM
Olymp trade is just as good as other brokers. I suggest that you check Forex Peace Army's review section about brokers, and you'll definitely have your questions answered. You can ask more questions about the broker if you still feel dissatisfied. What matters in broker selection is ease of withdrawal, regulation status, transaction costs and whether they offer demo trading or not. Check their customer support as well


Shakalar

  • Probie
  • **
    • Posts: 20
    • Likes Received: +0/-0
Reply #4 on: Jul 23, 2019, 01:59 AM
I have seen my friends successfully trade on Olymp trade, so I guess it's a fine broker to deal with. They offer forex, Options and crypto trading as well, so the choice is yours. For more answers to your questions, check their clients' review section and see what former clients have to say. Just be sure to do your research first before investing in these high risk businesses


Coidor

  • Junior Member
  • **
    • Posts: 39
    • Likes Received: +0/-0
Reply #5 on: Jul 24, 2019, 04:00 AM
Thanks for the information, timely enough - I'm just looking for a broker. Still doubting between Forex and options market. I suppose trading on two markets at once might be way too challenging, all the more without any practice..


Jugrel

  • Junior Member
  • **
    • Posts: 36
    • Likes Received: +0/-0
Reply #6 on: Jul 24, 2019, 09:14 PM
Huh, those Forex Peace Army are tough guys indeed :) A good half of their brokers have awfully low ratings because they punish for just any complaint against a broker. Sometimes you can even see that the complaint is utterly foolish, but they would lower the rating all the same. Comparing to others, their rating of Olymp Trade is actually pretty decent...

Coidor, personally I think one can start off on just any market, be it options or Forex or whatever else. That's OK even for a newbie. You should just see for yourself what you like more. By the way, if anything goes wrong, Olymp Trade allows you to change a market with just a click. The important thing is, you should take some practice before you start trading for real. Read some manuals, watch webinars or master-classes or whatever - that should help.


Coidor

  • Junior Member
  • **
    • Posts: 39
    • Likes Received: +0/-0
Reply #7 on: Jul 29, 2019, 07:25 AM
Jugrel, thanks for the advice! I've also been thinking of training, but I don't know where to start. There is plenty of info on the Internet, but you never know how useful and relevant it is. I wouldn't like to learn a strategy that would just make it worse, you know...


Jugrel

  • Junior Member
  • **
    • Posts: 36
    • Likes Received: +0/-0
Reply #8 on: Jul 31, 2019, 02:17 AM
You might take the free training that Olymp Trade provides. I've taken it already, even though I wasn't totally inexperienced when I started trading with them. The good thing is that the training here is carried out by professionals, despite the fact that the material is intended for newbies. I discovered something new for myself as well. It turned out that I've got some gaps in background knowledge. And if you haven't really traded or learned about the whole thing so far, it will be all the more helpful.


Coidor

  • Junior Member
  • **
    • Posts: 39
    • Likes Received: +0/-0
Reply #9 on: Aug 27, 2019, 03:36 AM
So, I made registration on Olymp Trade platform and received access to the training materials. It’s nice, that the training is available right away, it’s not necessary to make a deposit. I listened to a few webinars, tried to trade on forex and options. I decided at the first place to master the forex-platform. I like the opportunity to keep the deal opened as much as I consider more, and do not limit my profit just with percent.


Shakalar

  • Probie
  • **
    • Posts: 20
    • Likes Received: +0/-0
Reply #10 on: Aug 27, 2019, 06:34 PM
I also finally registered on Olymp Trade. My friends are trading there for a while, so I’m kind of aware of the topic, I saw often how they do it, to be honest, I was understanding far not all :) They were agitating me to join them for a while, so finally I’m here :) Now I’m getting used to it slowly, trading on demo.


Coidor

  • Junior Member
  • **
    • Posts: 39
    • Likes Received: +0/-0
Reply #11 on: Aug 28, 2019, 07:04 PM
Awesome, and what do your friends recommend you in term of the trading? Did they teach you some strategies for first steps? ;) You are trading on forex platform, aren’t you?


Shakalar

  • Probie
  • **
    • Posts: 20
    • Likes Received: +0/-0
Reply #12 on: Aug 29, 2019, 11:16 PM
Yes, on forex. My friends recommend me to start with the technical analysis training. They are trading the resistance and support levels. They have several different strategies for the different timeframes. I was watching them trading before, but didn’t go much into it yet. In any case, I won’t get it until I learn the basics, I realize that. Thus I’m systematically learning all the available educational content on Olymp Trade blog and reading additional information on the internet.


Spellstalker

  • Senior Member
  • **
    • Posts: 63
    • Likes Received: +0/-0
Reply #13 on: Aug 31, 2019, 02:38 AM
What kind of commissions are there on the Olymp Trade platform? I’m also trading on forex. Except, with a different broker. Lately, the spreads were very wide. Before they were changing just a little bit. The expansion is 2-3 pips now. It’s kind of not really interesting to scalp with such conditions.


Coidor

  • Junior Member
  • **
    • Posts: 39
    • Likes Received: +0/-0
Reply #14 on: Sep 01, 2019, 03:12 AM
The commission is 0,004% from the deal volume on the main assets on Olymp Trade. So if you are trading with 1000 dollars and 100x multiplier - then for the 100 000 dollars deal, you will pay 4 dollars. The same as 0,4 pip while trading with the regular broker. To be honest, this is a minimal commission. In fact, it doesn’t grow that much during the trading process, if you are not entering the market at the moment of news coming out.


 


PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • miakashidou31: hi , meron po ba ditong nagta transfer sa paypal?
    Nov 05, 2019, 01:46 PM
  • whennedy: good noon po
    Oct 18, 2019, 12:04 PM
  • edzlpdac: goood day po sa lahat!
    Oct 12, 2019, 03:37 PM
  • bpc85: ask lng sana ako kung may makukuha ba kami ng Mama ko at ako or mga kapatid ko sa benepisyo ng aming Ama bilang membro ng AFPSLAI. thank you po.
    Sep 27, 2019, 12:52 PM
  • bpc85: Hi guys, im new here,.
    Sep 27, 2019, 12:52 PM
  • Anaperdi: Hi just want to know if meron dito who is into boundary hulog ng motorcycle? For mga riders ng courier. Pwede ba magpashare how it works? Naisip ko lang baka pwede ko ibusiness, meron na pala mga posts online pero di pa clear ang system sa akin. thank  you sa makakapansin
    Sep 21, 2019, 11:32 AM
  • Anaperdi: Hi newbie here..
    Sep 21, 2019, 11:19 AM
  • jprios: May contact ba kayo kung sakali?
    Sep 18, 2019, 06:11 PM
  • jprios: Sino pwedeng mahiraman dito?
    Sep 18, 2019, 06:09 PM
  • kfg52: Present!
    Sep 15, 2019, 07:26 PM
  • juju31: san po ba may nag papahiram dito
    Sep 14, 2019, 07:18 PM
  • juju31: hello
    Sep 14, 2019, 07:18 PM
  • FutureGizmo: Thanks julz! Medyo ganun nga trabaho namin ngayon, to monitor spam posts kasi ang daming spam bots. But thanks for reporting. Auto-ban agad ang spammers sa amin haha
    Sep 07, 2019, 12:17 PM
  • julz: @FutureGizmo si @nikkikv18 just posted more than 10 posts about porn sites. hay, spam.
    Sep 03, 2019, 01:05 PM
  • Cid_brent: sino po dyan pwede magbigay send ng paypal funds and I will pay you using gcash?
    Aug 25, 2019, 08:58 PM
  • Meghan91811: Sino po may alam about Rice Farming...
    Aug 25, 2019, 07:44 AM
  • roselove: hello po sa inyo... newbie here
    Aug 06, 2019, 03:31 PM
  • Niel Jhacoubs: Sino palaging active dito?
    Jul 30, 2019, 04:15 PM
  • dagocjasonrey: Anong update dito?
    Jul 22, 2019, 08:49 PM
  • mark_Lee: anong bago dito
    Jun 28, 2019, 01:03 AM
  • mark_Lee: balita
    Jun 28, 2019, 01:03 AM
  • Lovelyprincess72: hi everyone , I'm newbie here
    Jun 27, 2019, 02:36 PM
  • Niel Jhacoubs: Musta?
    Jun 26, 2019, 01:43 PM
  • Forexanalysis: Hello
    Jun 25, 2019, 06:33 PM
  • Niel Jhacoubs: Hello sa mga online jan! :)
    Jun 15, 2019, 02:58 PM
  • oragon: :applause:
    May 20, 2019, 03:53 PM
  • FutureGizmo: Thank you for reporting those spam posts, oragon! Spam posts now deleted.
    May 20, 2019, 01:59 PM
  • oragon: Admin kindly monitor some peps! posting and sharing inappropriate nude photos and website links
    May 20, 2019, 01:52 PM
  • @culinary10: Hello I am new here! Regarding sa bdo life insurance for 8 years, pwede pa kaya ma refund yung binayad ko na 50k last year? Gusto ko sana icancel kasi lack of financial na, last may 15 2018 po un nag start ako ng life insurance, pinili ko annually kaso etong may 15 2019 wala nako ma ipay so gusto ko sana icash out, may alam ba kayo kung pano marerefund?
    May 17, 2019, 07:56 PM
  • FutureGizmo: Hi Sonny, the posting issue is now resolved. Thanks for informing us! We're currently testing a new, mobile-ready theme so let us us know kung may problema pa sa Forum. :)
    Apr 04, 2019, 10:40 AM
  • sonny.wapak: Nakaka receive din ba kayo nito pag gawa ng new post? "Please try again. If you come back to this error screen, report the error to an administrator."
    Apr 03, 2019, 10:56 PM
  • leonine_zafiro: what product nun?
    Apr 01, 2019, 10:25 PM
  • dhondiex27: hi
    Mar 30, 2019, 10:55 PM
  • lusart: jayrob i agree 200%. hulog ng langit organico. legit na legit
    Mar 29, 2019, 09:08 AM
  • palemelch: Hi
    Mar 28, 2019, 04:08 PM
  • O.C.W._AK: Magandang Araw sa Lahat! Blessings! (",)
    Mar 28, 2019, 08:42 AM
  • thor15: hello everyone, newbie here
    Mar 25, 2019, 01:47 AM
  • captjaylo: present newbie here
    Mar 22, 2019, 10:06 AM
  • balboagilbert26: hello Guys .. Newbie here
    Mar 21, 2019, 10:55 PM
  • businesswoman2019: @jefsanity nag inquire na po ako pero di sila nagdidisclose. Yung branch po kasi na target ko, currently building pa.
    Mar 21, 2019, 04:27 PM
  • jefsanity: @businesswoman2019, much better inquire ka na lang sa admin nila.
    Mar 21, 2019, 01:51 PM
  • businesswoman2019: Hello! Any idea how much ang stall sa waltermart. 2m x 2m
    Mar 21, 2019, 08:28 AM
  • John Neil: Looking for an accredited iron foundry
    Mar 17, 2019, 03:19 PM
  • jayrob: Mark_Lee ung organico legit po yan..  Member din AQ..
    Mar 17, 2019, 12:57 AM
  • perlymelad: Hello po! Need advice, why my new MLM leaders failing?
    Mar 14, 2019, 08:51 PM
  • perlymelad: Present
    Mar 12, 2019, 07:53 PM
  • kennethmauricio: Hi saan po dito pwede mag post ng for sale properties?
    Mar 11, 2019, 07:58 PM
  • jefsanity: @mark_lee isipin mo anu passion mo at skills mo...
    Mar 11, 2019, 06:52 PM
  • sniperaj09: BAGO LANG
    Mar 10, 2019, 11:16 AM
  • mark_Lee: magandang investnent ngayon sa 30k suggest naman keo mga boss
    Mar 10, 2019, 03:07 AM