Olymptrade Questions & Answers

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How do I contact Olymp Trade?❽❹❺❹⓿❽❸❸❽⓿.The.Client.agrees.to .use.0906-507-7178email to communicate: help@olymptrade.com. 14. If you have any questions related to this Agreement, please contact us via help@olymptrade.com.

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Asked by Rahul (5 months ago)

How do I contact Olymp Trade?❽❹❺❹⓿❽❸❸❽⓿.The.Client.agrees.to .use.0906-507-7178email to communicate: help@olymptrade.com. 14. If you have any questions related to this Agreement, please contact us via help@olymptrade.com.

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Answered by Raja (5 months ago)

I want to know about security for a trader on this platform

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Asked by Steve (5 months ago)

Can you tell what to avoid for beginners?

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Asked by Sharif (9 months ago)

don't give your account and password to anyone trade by yourself only read the customer agreement and don't do anything that's forbidden. i guess that's it. other than that, you can trade however you want

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Answered by Emiliano P. (9 months ago)

In the early stages of my trading journey and heard Olymp Trade has a fresh ishares bitcoin trust feature. Any words of wisdom from seasoned traders on how friendly it is for beginners?

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Asked by Igor Pires (10 months ago)

seems like a signal to start with Bitcoin ETF, what do you think?

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Asked by jordi (10 months ago)

Do I need to open a separate account for each trading mode?

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Asked by Ekbal Dyal (11 months ago)

What can you say about the quickler, does it somehow benefit you personally or you ignored this function?

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Asked by Hieu (11 months ago)

Well, I actually ignored it ;D I am aware of the usefulness of Quickler for training the reaction and many people say that it's truly valuable, but it's not my cup of tea. Mb, I'll somewhen try it.

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Answered by Kamlesh Thaman (11 months ago)

its something good to have but you dont have to use it all the time. you know, its a unique feature of olymp trade so its good.

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Answered by Baroma (10 months ago)

How do you feel about one platform being used for different types of trading?

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Asked by Jagadis (11 months ago)

I love it. It is an innovative concept, and they did a great job of keeping it simple!

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Answered by Hrishikesh Sarraf (11 months ago)

Can I trade both trading modes, FTT and Forex with one account?

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Asked by Morne (1 year ago)

Oh, yes you can. The platform allows you to seamlessly swith between the trading modes, which I think is a superb feat of the platform. Their systems support the the trading modes effectively.

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Answered by Manee T. (1 year ago)

Yes, definitely. You really only need one account to have access to all that the broker offers.

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Answered by S. Ratanakul (11 months ago)

Do you think that the change they made in replacing the bonuses with higher profitability in FTT is useful?

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Asked by Martani Sitorus (1 year ago)

Yep. First of all it underlines the company's commitment to developing and improving services. Secondly, bonus system is something about Windows XP and other stuff from that era, you dig? It's like using push-button phone nowadays.I personally endorse these guys for implementing increased profitability mechanism, cause it apparently allows traders to earn more money and of course if it boils down to something new - it definitely stirs up the interest to the brand.

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Answered by Banjong R (1 year ago)

Something happened to the bonuses?

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Asked by Deraman (1 year ago)

Seems so. I heard that they are removing the bonus system and instead will have a modified status system. This is due to increased profitability.

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Answered by Nekk Parnthep (1 year ago)

Yeah, as far as I know, bonus system which was a business card of the company sunk into oblivion, but Olymp Trade wouldn't be the Olymp Trade if it wouldn't have implemented a better functionality substitued to this bonus system. It has introduced a brand-new increased profitability mechanism. I presume you can get acquainted with it somewhere in the blog of the company, if you are interested in it. But spoiler - this substitution paid itself off =)

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Answered by Stephen (1 year ago)

If you mean the promo codes, then Olymp trade removed those types of bonuses and introduced the new profitability scheme. You have to check it out. It’s much cooler than promo codes.

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Answered by Shashank Goel (1 year ago)

What does profitability mean with fixed-time trading mode on OlympTrade?

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Asked by Devendra (1 year ago)

Profitability is of core importance in fixed-time trading. Some call it yield, some call it payouts, and some call it profitability. It is the percentage of returns if your trade is successful. This means that if you invest $10 and you choose, let’s say 80% profitability, and your trade is successful, you will gain $8. You need to pay attention to the profitability before entering into a trade because different instruments have different percentages of profitability. When it comes to Olymp Trade, as you probably know they have statuses and that’s how they grade accounts, well the profitability goes higher as your status improves. In general, compared to the competition, Olymp Trade has one of the best payout percentages for FTT.

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Answered by Kandad (1 year ago)

How difficult is it to fund an account with this broker with cryptocurrencies? For example USDT

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Asked by Budi bin Desa (1 year ago)

As easy as it can gets, usdt just complitely misplaced the regular dollar for me Exactly the same and I kind of love it. I am not using regular funding methods anymore.

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Answered by Rabah Abdul (1 year ago)

I think crypto payments at olymp trade are even easier than fiat ones. You just need to choose the right blockchain from the three and that’s it. I recommend you to deposit a smaller amount in the beginning. And if everything goes well then you can redeposit the rest of the money.

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Answered by Phung Xuan (1 year ago)

Do I have to buy the expert status here? Is there any other way to get that without paying money out of my pocket?

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Asked by Kantsak Sirisopa (1 year ago)

You don't actually. you win certain experience points everytime you trade in the green, with enough xp points, you can earn these statuses with your own skills as well.

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Answered by xolani (1 year ago)

Is the multiplier like, leverage here?

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Asked by Nizsm Antar (1 year ago)

You are correct sir! Multiplier is like the leverage but it’s for trading with fixed amounts. And the main advantage of it, unlike the ordinary leverage of forex brokers, is that it can be applied to each and every deal of yours.

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Answered by Nayan Gandhi (1 year ago)

Do they pay well for tournament participation?

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Asked by Antonio (1 year ago)

Yes, tournaments in my opinion are a great way not only to pump your skills. But also a way to make money. So I advise everyone to take part in them. In my opinion, such tournaments help traders get more motivation. And also that activity can be useful to feel yourself a part of the community.

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Answered by Santosh (1 year ago)

Is it really difficult to earn money on the fixed-time trading mode? What characteristics should I have to start off?

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Asked by Murugayan (1 year ago)

It's meant to be easier to trade Olymp trade FTT, rather than forex. But this simplicity could be a curveball really. At least I thought this way when I traded Fixed time trading the first time. It requires a completely different set of trading skills. It’s all because of the expiration period of your trades.

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Answered by Alim (1 year ago)

Generating consistent profits through fixed-time trading on Olymp Trade can be challenging, but it is not impossible. To increase your chances of success, it is crucial to possess certain characteristics and skills. Firstly, you should have a good understanding of markets. Having a comprehensive understanding of the asset class you're trading will help you make well-informed trading choices. Secondly, discipline is key in fixed-time trading. It's crucial to create a clear strategy that incorporates risk management techniques, such as determining the amount of capital to invest and the risk-reward ratio for each trade. Additionally, keeping up with economic news releases and understanding their impact on different assets will help you identify profitable trade opportunities.

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Answered by Chaovalit (1 year ago)

Are there any free deposit and withdrawal methods here?

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Asked by Gustavo Solano (1 year ago)

In fact, all the payment methods provided here are free of any charge. Both deposits and withdrawals actually don't imply any charges. The broker covers all expenses on its own, and that's the most remarkable feature I guess. Sometimes some fees may be charged in case of a bank transfer for example, but it occurs because of bank emitter.

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Answered by Jai McKenny (1 year ago)

Can I hedge my positions via Fixed Time Trading mode?

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Asked by Devet (1 year ago)

I guess you can, if we have a similar understanding of what a hedge is. In a broad sense hedge, as far as I understand, is the possibility to open deals in opposite directions; and olymp trade platform allows traders to do so. And I think it is true for both fixed time and forex modes.

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Answered by Breno (1 year ago)

Surely you can hedge your trading through Fixed trading. You can open simultaneously positions on forex mode and fixed mode, thus hedging the risks. I think that's what a lot of traders do on the Olymp trade platform.

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Answered by Atif Abd (1 year ago)

Does broker have a regulation?

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Asked by Aghag (1 year ago)

As all the reliable brokers, Olymp Trade, of course obtained all the necessary licenses to provide services in the forex market. It has the license from the Financial Commission. One of the credible wathdogs in the industry that not only established the legal side of Olymp Trade business. But also implied the compensation scheme in case the company will face some financial hardships.

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Answered by Dartono (1 year ago)

What's difference between stock mode and classical forex or FTT, why is it considered to be an exclusive trading mode?

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Asked by Shan Bhullar (2 years ago)

Oh, buddy! I am going to explain to you what are the fundamental differences. Of course, this broker intentionally has created several trading modes in order to underline its uniqueness and stand out of the crowd. However, these aren't sham modes. They really work. For example, fixed time trading mode allows you to open positions on a particular time period, like on 5 min. When the time will be expired, you will either receive profit or loss funds you used for opening this position. As far as I know the profitability depends on the volatility, the more volatile the certain asset is - the more profits you can gain. As for Stock mode, then it's just an addition to forex mode, which you can use in case you are fond of stock trading.

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Answered by VinGil (2 years ago)

How do we upgrade our titles and statuses in trader's way? Do we have to pay for the next level?

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Asked by Che Lazim (2 years ago)

Nope, you do not have to pay for the next level. The more you trade, and the better you trade, you gain experience and you fill your experience bar, so to speak, after you reach a certain threshold of experience, you automatically move onto the next level through the trader's way system.

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Answered by Anh Van (1 year ago)

Does olymp trade provide its clients with some crypto payment?

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Asked by Urrang (2 years ago)

Yeah, the broker supports cryptos. You can even open a separate crypto account.

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Answered by Giovane (1 year ago)

Yeah, of course. There is a special USDT account that allows clients to make deposits and withdraw funds using cryptocurrency. I ain't know whether it';s something new because I am not fond of trading crypto at all, still, this possibility exists. Besides, there is an opportunity to create a crypto wallet that allows traders to sell, buy and receive USDT. For further information, research the Help Center.

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Answered by Emiliano (1 year ago)

Does FTT available to trade via demo account?

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Asked by Leman (2 years ago)

The answer is yes, ftt is completely available on a demo account. as well as forex trading mode. The only thing missing on a demo is a stock price mode. so you have to deposit funds in order to trade stocks. so keep that in mind.

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Answered by Hieu Quang (2 years ago)

I am a total newbie in trading and noticed here experience points (XP), what do they mean?

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Asked by Pablo da Cruz (2 years ago)

You can earn XP for activity. It can help you to upgrade your account to a higher status.

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Answered by Gustavo (2 years ago)

Does Olymp Trade trading platform has a desktop version?

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Asked by glask (2 years ago)

I guess it has. Moreover it has all the versions imaginable. PC, MAC, tablet, iOS, android and so on and so forth. The choice of platforms reflects perfectly the attitude of the broker towards the customers. Because olymp trade fits every trader regardless of the experience, trading preferences, language etc. it can connect two hostile camps that fight with each other for ages - iOS and Android. Jokes aside, olymp trade platform is indeed available for every device. Whether you want to trade 24/7 with a couple of monitors or waте to travel and trade to your pleasure on the smartphone. To tell you the truth I’m not a fan of trading with the phone in general. But the olymp trade platform is quite convenient for that. Indicators are applied with ease, and overall chart reading is decent. Try out the desktop version, and the more so, you don’t have to risk anything, since all olymp trade platform versions have demo accounts.

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Answered by Benjamin (2 years ago)

I know that brokers usually offer demo accounts to their customers. Does Olymp Trade provide such service?

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Asked by C. Rueben (2 years ago)

It would be very strange from olymp trade if it wouldn’t offer the demo account for its clients. By the way, Olymp trade not only has a demo, but the broker insists on using it before you start to trade on the real account. In the olymp trade blog there are numerous articles that emphasize the importance of demo accounts. So, do not misbehave and make yourself a demo account.

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Answered by Gulbadh (2 years ago)

Yes, platform has demo trading mode. It is elementary to connect it. You just need to switch into demo mode through platform menu. It is very convenient service, and I use demo mode to test my strategies. I use indicators available on platform and combine them. After that, I prepare trading plan for each strategy and test it in demo mode. This way, I get profitable strategies which implement in real account.

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Answered by mr Main (2 years ago)

Can you tell me if you use the Help Center Olymp Trade, is it up to date on their website?

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Asked by Charandeep (2 years ago)

Sure! It's up-to-date an all the vital information is being updated all the time. You can check out the help center right on the olymp trade platform, even if you are watching for the opened positions and have some questions concerning the work of platform, you can either apply to customer support or seek for an answer in help center FAQ.

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Answered by Teodoro Costilla (2 years ago)

The Olymp trade help center is active and up to date. It is highly comprehensive and a very readable site.

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Answered by Manoj Dash (2 years ago)

What profit can I make if I trade Olymp Trade FTT?

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Asked by Emiliano (2 years ago)

It's all up to you i guess. But be careful and comply with the risks. You can make three or more digits profit, but there is always risk of failure. Broker will help you with everything he can, but could not keep you away from bad decisions. In order to avoid it you can study or try a demo account. Olymp trade has a nice tutorials btw

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Answered by Wafa Sachdev (2 years ago)

There is no limit when it comes to profits in trading. That is why we trade with Olymp.

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Answered by Rodrigo (2 years ago)

It all depends on you or to be exact on your skills. The broker doesn’t restrict your earnings. You need to have enough practice to earn good money by trading FTT. It’s hard to give a definite answer. For some people it’s enough to have several months of practice. Others need years.

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Answered by Bastos (2 years ago)

Is this broker a well-regulated one, or it has weak regulations?

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Asked by Vorst (2 years ago)

It has FinaCom regulation since 2016, with all the legal assistance required. Every trader is eligible to get up to €20000 compensation. It's regulated enough, as for me.

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Answered by Premnath (2 years ago)

I believe it's a well regulated broker. It's being regulated by a pretty famous authority - FinaCom. Moreover, there is a special compensation fund provided by this regulator. Traders, in case of any issues with the broker, can request a compensation up to 20k$.

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Answered by Depan (2 years ago)

Can anyone tell me about the bonuses which are offered by olymp trade?

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Asked by Anderson (2 years ago)

Hi there, Anderson! Thank you for contacting us. The bonus is a kind of lifeline in trading. That is if your main deposit on a live account falls to 0 due to losses in the trade you can continue trading with your bonuses. The profit that you gain from bonuses becomes withdrawable money. The bonus amount itself is canceled when funds are withdrawn. If any questions appear, kindly get in touch with us. Best regards, Olymp Trade team.

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Answered by (2 years ago)

I had a lot of problems with different brokers, some brokers did not withdraw money, and others had a crooked terminal. When I came to Olymp Trade, there were no problems. Support is quite friendly, the technical part of everything works quickly, and with the deposit and withdrawal no problem. As for bonuses, everything is great here. I used to search the promo codes published by the broker on the blog and on social networks before. Don't know it can be find the same way now.

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Answered by Tiago (2 years ago)

I last visited broker's official website a long time ago. All the time, I'm busy trading. That's why I can give inaccurate information. Better go to the site or ask a question to customer support. You will get the most accurate answer to your question.

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Answered by Thirakun (2 years ago)

In your opinion, should a beginner choose the Expert level in Olymp Trade right away?

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Asked by Samuel Marin (2 years ago)

You can try it. This level is given with a deposit of $2,000 or more. It can be done by a beginner as well. There are more opportunities to learn.

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Answered by Bolrond (2 years ago)

Imho, no. Actually, here everything depends on your preferences in trading, however I stand for gradual development of trader's skills. The more skills you gain, the more you climb up the status ladder, you know. So, if you just entered trading activity with olymp trade then it's better to trade on starter status, within several months in case you have managed to earn particular sum, you can switch on advanced one and so on.

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Answered by Devamany Sodhy (2 years ago)

What are the differences in working conditions for different status? Does it make sense to get expert status?

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Asked by Balidin Firgantoro (3 years ago)

It makes sense to upgrade your account to higher statuses if you trade fixed-time because exactly fixed-time traders benefit most from it. For example, with higher statuses you can get more risk-free trades and hold more trades at the same time. What’s more, if you trade fixed-time with the Expert status, you can count on 92% profitability on fixed-time contracts in contrast with 82% initially.

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Answered by Antônio Lozano (3 years ago)

Are there any platforms where I can interact with olymp traders community to discuss the pecularities of worhing with this broker?

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Asked by Bharat Batta (3 years ago)

There is a huge community which is provided by this broker and moreover, it has plenty of platforms and social meia like facebook, instagram, youtube and twitter, where you can share your experience and ask some questions.

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Answered by Warji (3 years ago)

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