What Is The Olymp Trade App And Is It Legal And Safe In India?
What is the Olymp Trade app? has been answered below. Read to know about the trading platform and how one can trade on the online platform.
Olymp Trade is one of the most known online Olymp Trade 外汇登录 trading platform which allows people to invest less and earn big. The platform has been serving customers since 2014 and has proven to be reliable for people interested in online trading. Olymp trade provides Fixed Time Traders and FX which separates it from other trading assets as they offer an extensive list of assets. But is Plymp Trade legal and safe in India?
Olymp Trade legality details
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. As Olymp Trade is not regularized by Indian authorities, various Indian banks are not dealing with the platform directly, only Olymp Trade 外汇登录 some international Devit/Credit are accepted on this platform.
features and reliability of Olymp Trade
Olymp Trade is an A-recognized member of the International Financial Commission which enables the platform to cover unfair trade practices up to $20,000. The minimum amount deposit required to start trading on the platform is $10 which makes it easier for small-time traders to try their luck. Olymp Trade app also provides easy access to learning material which enables new traders to get acquainted with the system easily.
4 Chart Types you can use on the Olymp Trade platform
Area charts are linear charts which means that the price movements are represented by the line.
Japanese Olymp Trade 外汇登录 candlesticks
This particular type of chart is the most widely used nowadays. Candlesticks carry information about changes in the price over a specified time frame. The body and wicks form a candlestick.
The body range tells us about the opening price (O) and the closing price (C). The wick on the top of the candle shows Olymp Trade 外汇登录 the highest price (H) and the one on the bottom indicates the lowest price (L).
The candlestick is colored green in case the price of the asset is Olymp Trade 外汇登录 going up. When it is going down, the candlestick will be red.
A five-minute Olymp Trade 外汇登录 candlestick shows how the price is changing during a 5 minute period.
Olymp Trade 外汇登录
The basic rules of their construction are the same as in the case of Japanese candlesticks. This chart type is formed by a vertical line and two short perpendicular lines to the left and the right. The short lines give us the information about the opening and closing prices while a vertical line about the highest and the lowest ones. Bars contain the same set of price data but Olymp Trade 外汇登录 visually they are not so suggestive.
Another chart type available on the Olymp Trade platform is Heiken Ashi. Take a look at the picture below and Olymp Trade 外汇登录 guess what it is.
If you are not familiar with Heiken Ashi and you will see the chart you will probably mistakenly guess that it is a candlestick chart. It actually looks like a candlestick chart. What can grasp your attention is the fact that there are usually more the same colored candles in Olymp Trade 外汇登录 the row. In other words, the color of the candles doesn’t change that Olymp Trade 外汇登录 often like on the candlestick chart. The reason for that is Heiken Ashi candles are made not from pure prices (OHLC) but from calculations made using prices. All formulas used for calculating Heiken Ashi Candle are listed below.
Why are Japanese Candlesticks the most commonly used?
Candlesticks are the most popular chart type used to analyze today’s market situation. Why do professionals like them so much? First of all, they are very easy to use. The other reason is the amount of Olymp Trade 外汇登录 information they contain. They give a general overview of the situation and that is the reason they can be meaningful and useful without adding any indicators.
Olymp Trade 外汇登录
Индикатор Average Directional Index
Как правило, большинство существующих трендовых индикаторов располагаются непосредственно на самом Olymp Trade 外汇登录 Olymp Trade 外汇登录 ценовом графике. Однако, из всех правил есть исключение. Одним из таких редких инструментов стал Average Directional Index (ADX), более напоминающий осциллятор.
Всё что нужно знать о стратегиях для Fixed Time Trades
Специально для вас мы отобрали лучшие базовые системы, которые познакомят вас с методиками анализа цены актива, помогут совершить первые успешные сделки уже сегодня, а также Olymp Trade 外汇登录 Olymp Trade 外汇登录 познакомят вас с одним из самых прибыльных инструментов — Fixed Time Trades.
Инструмент «Уровни Фибоначчи» в терминале от Olymp Trade
«Уровни Фибоначчи» являются универсальным инструментом, позволяющим определять окончание коррекции и находить идеальные точки для покупки краткосрочных контрактов.
Стратегия «Третья волна Элиотта»
Стратегия, основанная на теории Элиотта, позволит вам значительно увеличить свою прибыль от торговли на Olymp Trade 外汇登录 рынке бинарных опционов.
Индикатор Donchian Channel
Donchian Channel – один из самых старых, но в то же время эффективных, трендовых индикаторов, который по сей день пользуется большой популярностью у Olymp Trade 外汇登录 трейдеров.
Today we going to talk about Olymp Trade verification. Like on every other finance service you will need to verify your identity in order to let broker know that you is you. The verification itself will also help you not to be scammed by someone.
How to verify account?
Olymptrade account verification
In order to verify your account youl need to send all documents to [email protected]
- On Olymp Trade 外汇登录 the first photo you must hold your passport or ID near to your face and make selfie like that. Note that Olymp Trade wants to see your Olymp Trade 外汇登录 Olymp Trade 外汇登录 shoulders as well. Be sure that on the photo your face and passport or ID details are seen nicely.
- The second is photocopy of your passport or ID. Here you also will need to present clear photocopy in a good quality. Make sure that all information can be readed and your photo on it is clear as well.
- The third thing is you will need to send a photo/photocopy of a bank card from which you have made a deposit. On Olymp Trade 外汇登录 the photo of the card itself there must be following information: Name and Surname of the owner, first 6 and last 4 digits. The rest information from the card must be closed. The reverse side of the card do not need to be shown as well.
- The last step is for those who made their deposits with electronic wallets. You will need to send a photo or photocopy of your electronic wallet account, so your wallet number will be captured. Also Olymp Trade 外汇登录 you will need to send a photo or photocopy of the money transfer from that wallet to your trading account.
Withdraw money without verification?
Withdraw money without verification from Olymptrade.com
Yes, you will be able to make a withdrawal without verification. However, Olymp Trade 外汇登录 Olymp Trade 外汇登录 Olymp Trade may request a verification from you. In this case you will not be able to withdraw funds until you verify your identity. By the way, Olymp Trade 外汇登录 you may pass the verification process before the broker requests you.
Why my OlympTrade verification declined?
Why my OlympTrade verification declined?
Your Olymptrade verification might be declined for the following reasons:
- The first and the most common reason if you have sent your documents in a bad quality. If broker will not be able to see the information from your documents, your verification will be declined.
- The second reason if you have sent not your documents. I mean documents of your friend or random people. Olymp Trade is a serious financial service and I recommend to be honest with them.
- The last reason why your verification can be declined is if you are under legal age. All customers of this service must be over 18 years old.
Verification for USA traders
Olymptrade & Verification for USA traders
Olymp trade does not accept traders from USA. The reason for this is license which the don’t have in America. But, many people are saying that they are trying to fix that.
Verification EU traders
Verification EU traders
Olymp trade also do not Olymp Trade 外汇登录 accept traders from EU. The reason is the same as for USA traders, they don’t have license. Customers from all other countries except EU and USA are welcome.