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Why Olymp trade is not safe?

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Why Olymp trade is not safe?

According to various sources, Olymp Trade is not technically illegal in India but it is in no way monitored or controlled by SEBI or RBI. This means if a trader faces any issues with regards to the app’s transactions or collections then Indian authorities will not be able to help.

Is Olymp trade trustworthy?

Beware Olymp Trade is a Non-Regulated broker. It is NOT SAFE to trade.

Why Olymp trade is closed?

When an account is blocked it is usually because the trader breached their agreement with Olymp Trade. As a broker, Olymp Trade is obligated to close accounts if they break their terms of service. The seven reasons an investor could lose their account explained in this article.

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Is Olymp trade banned in US?

Unfortunately, Olymp Trade does not accept clients from the United States, Europe, Canada, Japan, Australia, UK, Russia, or Israel. To fit the needs of their large international market Olymp Trade is available in the following languages: English.

Can Olymp trade make you rich?

The Olymp Trade system allows you to earn up to 90 percent profit with minimum investment. The minimum trade requirement is $1, which could help you earn up to 80 percent profit from your investment on a regular account, and up to 90 percent on a VIP account.

Who became rich by Olymp Trade?

Sai Reddy
Sai Reddy is now officially one of the richest 19-year olds in the Pune and the entire India, for that matter. The Pune native was playing on his smartphone last week when he discovered a popular new app called Olymp Trade.

Can Olymp Trade make you rich?

Which is better IQ option or Olymp trade?

Olymp Trade is offering options, forex, stocks, indices, cryptocurrencies, and commodities. There are about 80 different financial instruments. IQ Option, on the other hand, has far more financial instruments. These include forex, options, ETFs, commodities, indices, cryptocurrencies and CFDs.

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What is the maximum withdrawal in Olymp trade?

Withdrawals are free on Olymp Trade. Yes, you will never be charged a fee or commission from Olymp Trade for withdrawing YOUR money. There are NO limits on how much you can withdraw from your account, but the minimum amount is $10.

How do you win Olymptrade?

Olymp Trade: 4 simple tips for profits in forex

  1. Don’t be a jack of all trades.
  2. Develop a trading strategy first.
  3. Be a good money manager.
  4. Information is king.
  5. Recipe for success.

Is it safe to trade with Olymp trade?

No, it is not safe to trade with Olymp Trade. Olymp Trade is owned by Smartex International Ltd which is an offshore company registered in St. Vincent and the Grenadines. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations.

Does olymptrade have any hidden fees?

OlympTrade does not levy any hidden fees. They have currency exchange fees and standard withdrawal fees for bank transfers. One upside of using OlympTrade is the demo account. Right after registration, even before you deposit, you can use a demo account. Of course other brokers, better than Olymptrade, offer one-click demo.

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Why can’t I deposit into Olymp trade on my Smartphone?

These are the reasons: – Use internet banking to deposit into Olymp Trade on the smartphone. The advice is to turn on the PC and laptop or use firefox, chrome browser on the smartphone to deposit. – The system is under maintenance (Olymp Trade payment portal has errors).

Is olymptrade a good broker?

Like most brokers in the industry, OlympTrade offers a good, proprietary trading platform. It comes with a vast selection of features. The trading platform is fully available online, so you don’t need to do any downloads. Just have a stable Internet connection and a working browser.