Welcome to my Olymp Trade Review 2019!
The reason why you are here is to know about Olymp Trade and what it does. You are in the right place! There are a lot of online platforms that gives you a lot of promises. Some are legit and some are too good to be true! That is why I would like to congratulate you for taking your time to do research about olymp trade before you decided to join this platform.
There are tons of binary option trading platform in the internet nowadays and the first thing you need to do before investing your money is to do research about the platform. It is a must! Why would you invest on something you know nothing about? This applies in any businesses that you would like to take part.
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PS: Everything that I am going to share with you in this review is based on my personal experience trading at Olymp Trade Platform. I am doing this review not to promote the website but to help people understand if this platform can really help people to earn money online or it is just a waste of time.
Olymp Trade Overview
Owned by: Inlustris LTD
Minimum Investment: $10
Website URL: Olymptrade.com
Rating: 6 out of 10
Recommended: Yes and No for some reason
Olymp Trade is a binary option trading platform founded in 2014. It is a multi-asset trading platform meaning, you can trade on currencies, commodities, stocks, indices and crypto currencies. The good thing about Olymp Trade is the minimum investment of $10 and you can actually open a trade with $1. It is also a legitimate online trading platform so I guarantee that you will have all your winning trades in your bank account.
Pros & Cons
- Minimum investment is $10
- You can open a trade if you have a dollar
- Reliable support
- Trade anywhere using phone app
- user-friendly and easy to navigate platform
- Fast withdrawal
- Cancel your trade if losing.
- 82% return of investment
- VIP up to 90 to 92% return of investment.
- Virtual Currency for practice trading
- Trade on your own risk!
- $10 won’t make you rich!
- Unreliable Education
- Addictive that will sometimes lead you to invest more and lose
I know the risk of trading on binary option platforms specially if you are just gambling and doesn’t do research about the market. You might lose a lot of money.
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Investment and VIP
Except the minimum $10 investment, Olymp Trade offers other option on how much you are willing to invest in their platform. Some of their investment options have bonuses that will add up to your investment. The not so good thing is that you cannot withdraw those bonuses, you can only use it for trading. Here are the list of investment with bonuses:
- $10 – No bonus
- $20 – No bonus
- $30 – 3% bonus total of $33
- $100 – 20% bonus total of $120
- $200 – 20% bonus total of $240
- $300 – 30% bonus total of $390
I did invest $300 and got $390 in total. I started trading and everything was lost because I don’t have enough knowledge to trade. I am just relying on the education that the platform have. If you are planning to invest and start trading then you have to make sure that you have enough knowledge about trading and techniques or else it’s better to give me all your money rather than losing it. LOL!
They also have VIP membership that will open a lot of opportunity for their users to maximize the use of their platform. Only if, you are willing to investment a big amount of money. In terms of Forex, The first rule you have or must do is trade 2% of your investment only or no more than 5% of your investment. This rule is also applicable when trading in binary options. For example, you have invested $100, then you should only trade 2% which is $2.
What I am trying to say is, the more money you invest, the higher profit that you will have if you are planning to follow the 2 to 5 % rule. There are only two Investment options if you are planning to become a VIP member at Olymp trade:
- $2000 – 30% bonus total of $2,600 with 1 risk free trade
- $5000 – 50% bonus total of $7,500 with 3 risk free trade
Being a VIP member have a lot of benefits. Here are the following:
- Personal VIP Consultant.
- Up to 90 to 92% percent return of investment when winning a trade.
- Risk Free Trades – Trading without losing.
- Maximum Trade amount – $5000
- Private webinars
- VIP strategies
- Trading signals
- VIP exclusive events
- 24 hours withdrawal process
Take note that with all these benefits it is not guaranteed that you will earn money just by relying on from these offers. You must do your research and learn technical and fundamental analysis.
Olymp trade Education
Olymp Trade have their own education for you to start trading on their platform but based on my experience, It is not sufficient that you will just rely on their education. For starters, it’s the easiest way to start your trading journey but as you move on you must do your own research to improve your knowledge. Here are the list of techniques and education that you will learn when you start trading:
- Parabolic SAR
- Bollinger Bands
- Ichimoku Cloud
- Average Directional Index
- The Moving Average
- MACD Professional
- Japanese Standard
- The Japanese Pearl
- Relative Strength Law
- Early Start
- Japanese Trend
- The Demark Method
At first, I thought that the only way to earn money online is through trading at binary option platform but I was wrong. If you want to learn what I have learned then click the link below!
Olymp Trade Analytics
Under the Analytics, you can see what is happening in the market including, Economic Calendar and Trading Signals. There are two techniques that you should know before you start trading. The fundamental analysis and Technical analysis.
In my Experience these two are essential when you plan to start your trading journey. Specially the Economic calendar where you will see all the events that will have a big impact in the market. There are some traders too, that only relying on technical rather than fundamental analysis.
Olymp Trade also provides you a signal on every asset that you would like to start trading. This signal is just to give you an idea what is the trend of an asset but it does not guarantee that you will win a trade if you follow the signal provided. From 1 minutes time frame, to weekly, you will see the trend of an asset if it is going up or down.
How to Start Trading?
It pretty easy to start trading at olymp trade. But before you start depositing some real cash, I would suggest that you start trading using the virtual currency provided by olymp trade before you start using your hard-earned money.
All you need to do is to look for an asset that you would like to start a trade. For example, I chose to trade on EUR/USD in 1 minute time frame and a 5 minutes expiry time. If you are a smart trader then the very first thing you need to do is to analyze the market and chart, check the trend etc before you start your trade. If you are a gambler then all you have to do is to predict whether the asset is going up or down.
Enter the amount that you would like to invest on EUR/USD pair and start your prediction.
All you have to do is wait till your time expires then you will have your result. That’s how easy to trade.
Here is a short video from Youtube on how to start trading.
Trading without proper knowledge will take all your life savings like what happen to mine. If you are planing to make an investment and start trading then you must learn how to minimize the risk my studying fundamental and technical analysis. There are a lot of opportunities online that is not risky so don’t get stuck on trading platform as your only option to change your life.
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If you ever need a hand or have any questions, feel free to leave them below and I will be more than happy to help you out.
All the best,
founder of Affiliate Entrepreneur