Olymp Trade Reviews
On olymp trade platform I earned my first 100$.
Remember this day as it was yesterday. But it was long time ago.
Since then, I don't have any wish to try other brokers. I got used to trade with olymp trade and I am happy. Cheers.
Our 2022 Transparency Report has landed
Very bad experience with Olymp trade
Very bad experience with Olymp trade. Worst ever platform I ce across. They have blocked my account after successful verification also. And after 50 mails also, their reply is same , we are working on this. No improvement,bad customer care service. Do not install this app. Not recommended at all.
Reply from Olymp Trade
Greetings, Arun Bhat.
It is a pity that you made such a conclusion but thank you for writing to us. Regarding your conclusion, Olymp Trade is a regulated and trustworthy company. We are strictly under the observation of our regulator - Finacom. That means Olymp Olymp Trade 上的外汇交易 Olymp Trade 上的外汇交易 Trade needs to comply with rules and regulations. These rules are stated in the Service Agreement, which you have agreed to before registering the Olymp Trade account. Any actions of failing to follow the rules Olymp Trade 上的外汇交易 could lead us to lose our certification. That’s why it is important for us to comply.
Regarding your blocked account, here is a thing that you can do. If you do not agree with the company’s decision, you can file a complaint via [email protected] You can include your ID account and the details of your case. They will review your case thoroughly and make the final decision.
Olymp Trade’s Halal Accounts
Olymptrade halal account
Olymp Trade’s platform offers Muslim users opportunities to trade forex that meet all Islam’s requirements.
Our trading platform has attracted thousands of traders from across the globe. Users not only love our platform due to its high quality standards, but we also ensure that we always meet the requirements of our customers Olymp Trade 上的外汇交易 and have created a trading environment that is truly comfortable.
Olymp Trade platform accounts have been brought in Olymp Trade 上的外汇交易 line with Islam requirements, specifically for traders from Muslim countries. This makes it possible for Muslim users to learn more about business opportunities presented by the forex (foreign exchange) market.
The main reason why Muslims often don’t want to trade forex is because of the common misconception that forex trading is gambling.
Trading Is Not Gambling
With gambling, every outcome depends on chance. This is not the case with forex as cash flows internationally are governed by the economy, more specifically, the laws of supply and demand. Investors don’t rely on intuition or chance, but use trading strategies that allow them to identify market conditions where they can possibly make a profit.
By using Olymp Trade’s Forex platform, our clients are able to learn how to use common analysis tools, basic trading strategies and general forex trading principles for free.
The users of the platform don’t have to pay swaps, which depend on the interest rates as defined by the country that has issued the currency’s central bank. If a position is to be kept open on the platform overnight, a fixed fee is payable. This fee is known beforehand and has no link to the interest rate of any bank. Traders therefore know the position’s total cost, even before it is opened, Olymp Trade 上的外汇交易 irrespective of the level of investment horizon they set.
Real Prices and Markets
When traders execute trades in spot-markets, they are trading with real goods. As Islam bans working on contracts that involve the deferred supply of Olymp Trade 上的外汇交易 goods, e.g. futures or forwards, our Muslim traders only work in the real market, i.e. the Olymp Trade 上的外汇交易 spot market.
Trades are executed at market prices that are determined by other users of foreign exchange markets. A chart is used to indicate the actual value of the asset. Working with these prices fully Olymp Trade 上的外汇交易 meets Islam requirements.
Trades are not limited by time, allowing you to make decisions on investments without having Olymp Trade 上的外汇交易 to worry about factors such as futures expiration, i.e. its circulation expiring.
In Islam, opinions on trading the foreign exchange market differ. Some individual see forex as a game, while others don’t accept participating in trading due to the close link between loan interest and currencies. The mechanisms that are used to determine Olymp Trade 上的外汇交易 whether various aspects of trading comply with Islam’s requirements are very complex. For those who want to trade in the forex market however, Olymp Trade’s platform presents a high-quality option that meets exacting standards.
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This post is also available in: Indonesia Português العربية
Deposit and Withdrawal Options
The Olymp Trade Olymp Trade 上的外汇交易 Forex trading platform accepts various deposit options, majorly bank cards, cryptocurrencies, and electronic payments. For instance, deposits may be made by credit cards, JCB, China UnionPay, Neteller, Skrill, WebMoney, Bitcoin, Tether, and Ethereum. Giving priority to customers’ withdrawals, Olymp Trade helps customers get their funds in under five days but most receive money Olymp Trade 上的外汇交易 in just 24 hours. Funds may be sent to the bank card account or e-wallet.
Olymp Trade Insights
Inside the Olymp Trade daily feed, traders find investing advice. The fundamental analysis intelligence gives traders an edge. Customers Olymp Trade 上的外汇交易 learn assets to avoid, keeping them prepared. While forecasts may prove useful, they don’t always come true. What’s Olymp Trade 上的外汇交易 more, Olymp Trade features streams for traders needing strategies to trade like pros.
Educational and Training Opportunities
Webinars, how-to videos, and technical guides ensure that first-time beginners have the right knowledge for success. Streamed live, webinars will be of immense value. On the YouTube Channel, the playlists feature market reviews, masterclasses, world news summaries, Olymp Trade 上的外汇交易 and courses for beginners. In the education section, there are many topics of interest, from trading with candlesticks Olymp Trade 上的外汇交易 to advanced technical analysis.
Reasons Why Traders Select Olymp Trade
If you are interested in what makes this platform popular, here are the main reasons why.
1: Fixed Time Vs Normal Trades
Fixed-time trades are rather unique to the Olymp Trade Forex trading platform. Traders may choose to open positions for a predefined time duration. Using Olymp Trade 上的外汇交易 a free demo account, for practice, it is possible to open a $1,000 sell position for Bitcoin for a duration of 1 min.
Traders may close an open position before the time runs out.
2: Multiple Countries
Trading Platform supports many countries, including Indonesia, India, the Philippines, Thailand, and more. Most notably, trade Olymp doesn’t accept clients from the United States, Europe, or Canada, Great Britain.
2: Wide Range of Chart Types, Indicators, and Advisors
Traders have access to the most-leveraged indicators and plotting tools to aid in their technical analysis. OlympTrade also introduced an Adviser. The automated analysis tool provides users with an extra edge when generating trading signals. There are multiple trading strategies as well. Traders may also purchase additional indicators and analytics tools from the in-platform store.
3: Multiple Languages Olymp Trade
Accommodating the needs of its global user-base, Olymp Trade has been translated into multiple languages.
4: Promotional Bonuses
First-time subscribers access special offers. For instance, the Olymp Trade 上的外汇交易 current Olymp Trade OnPay Bonus rewards customers with up to 50% on their initial deposit amount.
5: Experience-based Status Levels
Platform recognizes traders that stick with them. Amature traders may achieve advanced and expert status. Each Olymp Trade 上的外汇交易 Olymp Trade 上的外汇交易 tier comes with its own privileges; for instance, starters may only make trades worth up to $2,000. Expert accounts come with personal analytics, more indicators, and exclusive trading ideas.
6: Highest Safety
Membership to the International Financial Commission carries indemnity insurance worth €20,000 for each trader.
How To Use The RSI Indicator Trading Strategies In Olymp Trade
In the previous post, I have shown you how to effectively trade Fixed Time using signals of the RSI divergence . In today’s article, I will bring you one last piece of the puzzle to make this strategy the most effective. It is the 50 median line of the RSI indicator and how to use it in Olymp Trade 上的外汇交易 Olymp Trade.
50 line – the precise trend confirmation signal of RSI
For the majority of traders, when using Olymp Trade 上的外汇交易 RSI, they are only interested in the 30 (oversold) and 70 (overbought) lines only. Few people know that Olymp Trade 上的外汇交易 the median 50 of the RSI is of great significance in determining the price trend of the market. Take Olymp Trade 上的Olymp Trade 上的外汇交易 外汇交易 a look at the image below so you can see this.
As you can see: When the price is in a downtrend, the RSI fluctuates around 30-50 lines. Conversely, when the price increases, the RSI is within the 50-70 lines. That is to say, the 50 line is the RSI dividing line, Olymp Trade 上的外汇交易 warning which trend the market is in. This is shown clearly when the RSI crosses the 50 line, Olymp Trade 上的外汇交易 the price has a trend reversal.
And this is the perfect piece for you to get the most accurate transactions with RSI.
How to use RSI indicator trading strategies in Olymp Trade
If you are not Olymp Trade 上的外汇交易 Olymp Trade 上的外汇交易 sure how to trade Olymp Trade using the divergence of RSI indicator, you can review it here:
Combined Olymp Trade 上的外汇交易 with the 50 line signal, we will have a complete trading strategy as follows.
Open an UP order when the following signals appear in turn
Open a DOWN order when the following signals appear in turn
*Notes: Open an order as soon as the confirmation candle completes.
Some typical examples
In this section, I will talk about Olymp Trade 上的外汇交易 2 examples that demonstrate why the 50 line is so special in this trading strategy. Let’s see the examples one by one.
Example 1: The price has broken out of the resistance but RSI has not completely crossed the 50 line. This is an incorrect signal for you to open an UP order.Olymp Trade 上的外汇交易
Example 2: RSI has crossed the 50 line but the price has not yet surpassed the resistance. This is also an incorrect signal for you to open orders.
In the two examples above, it can be Olymp Trade 上的外汇交易 seen that the 50 line helps to early identify an incorrect signal to avoid placing wrong orders. Very effective, isn’t it?
In Olymp Trade, the RSI indicator is one of the best tools that you can apply in trading. The signals it gives always have certain meanings to help you recognize something. The important thing is to know how to combine them, giving an objective signal about the market. From there, your judgment will be more confident than ever. The article should end here. Goodbye and see you again.