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Olymp Trade has been offering favorable conditions for making money in the online financial market since 2014. A small entry limit (only 10 US dollars) makes trading on the online platform accessible to traders of any income. Recently, there has been an increase in popularity among traders in Singapore. It’s still relevant in 2022, here’s why.
Trading conditions: – The minimum deposit is 10 dollars – The minimum bet is 1 dollar – Bonus up to 50% – The potential possible yield of trading 80% – Many basic assets: more than 65 – A demo account is available – Web-platform with no need to download Currencies: US dollar, euro, yen, pound, Russian ruble, franc.
A broker for trading in financial markets, Olymp Trade Singapore offers its customers a proprietary platform. Its main advantage is the high accuracy of quotes and speed of work. You can choose your own time to complete the transaction starting from one minute, which allows you to earn profits as soon as possible. Long-term deals and openings when a certain price level is reached are also available.
Training program for new traders from Singapore
Olymp Trade pays great attention to new traders since this is the key to successful and long-term cooperation with customers. You can find the Academy section on the company’s website, where you can choose different types of trading training: webinars, courses, a selection of educational literature, and trading strategies.
All this is available to every trader for free, to let beginners master the basics of trading on their own. And for VIP traders, there is a personal trade manager who suggests possible trading for opening deals. You can open a VIP account starting from $2000.
In order to test skills in practice, the broker provides customers with a free demo account for 10,000 dollars. This is a good way to check your knowledge and strategies without losing real money.
Olymp Trade broker is pleased to offer its traders from Singapore a huge range of opportunities for full-fledged trading. Reviews about Olymp Trade confirm that it’s the undisputed leader of trade, which provides its customers with the necessary tools for trading and profit. Let me remind you once again that the broker Olymp Trade Singapore has been developed by a professional team.
Their work is commended by customers from all over the world. The trading terminal of Olymp Trade uses quotes from the largest investment banks, which allows broadcasting their value here. On the “trading” platform, you can conclude trading transactions of two types: by duration (from 1 minute to several hours) and by expiration time (from 1 minute).
Broker quotes
Broker quotes are one of the popular questions that worry traders of any platform. They affect the performance of trades, the possibility of using different strategies here (for example, scalping, which is based on making a decision; even minimal changes in the price of an asset affect the results of work). Broker Olymp Trade claims that it uses the quotes of large investment organizations and publishes their average value in the terminal. So, the information is definitely different from the MT4 data, but it’s transmitted to the platform as a direct stream. The values for the assets are the same for all traders and are stored in the Quotes section.
Olymp Trade demo account
Another convenient trading is the ability to try a demo account, which is provided for free and for an unlimited period of time. Even after switching to a real account, you can always return to the demo trading in order to test a new strategy, track the behavior of indicators. Academic trading is difficult to overestimate. It makes it easy to get acquainted with the principle of operation of the present market, to conduct the first transactions, and become a more confident trader. A free demo account makes work more profitable with Olymp Trade. There are a lot of customer reviews about the benefits of educational trades on the Internet, so don’t treat it skeptically. This is a tool that prepares you for future trading victories.
Olymp Trade platform is certified by the International Financial Commission (FinaCom) as a member of A category. The financial commission provides protection for traders with its fund of up to $20,000 if the dispute between the trader and broker is resolved in favor of the trader (on the terms established by FinaCom).
In September, Olymp Trade was certified as a quality broker by the independent Verify My Trade service:https://financialcommission.org/ru/2018/09/27/financial-commission-announces-execution-quality-certification-of-additional-broker-members
There are many ways to deposit and withdraw funds:
- QIWI
- Yandex
- WebmoneyVisa
- Mastercard
- Cryptocurrency
- Neteller
A trader must use the same method for depositing and withdrawing funds. Withdrawal takes up to 5 business days. However, withdrawals may take longer due to different banking systems and legislation.
Withdrawal of funds
The finance department may require some traders to go through the checks and verification of the identity after a request for withdrawal. However, the information regarding this is not well described on their website. For those accounts that require verification, traders are obligated to provide certain documents.
Required documents:
- color copy or scan of trader CardID
- color copy or scan of trade’s international passport
- drivers license and utility bill
All documents are processed within 1 day after submission and receipt by the financial department of the trading platform. Then the trader receives a notification indicating whether the verification is successful or not.
Olymp Trade is not very different from the typical representative of the financial industry, but this is its advantage. Olymp Trade offers more than 65 assets for work. Trading on this platform is quite profitable. Investing is much better and more efficient if all the opportunities are created for professional trading.
A convenient interactive form of education, a minimum deposit of only $10, an excellent terminal, good support service, 24/5 trading opportunity (and cryptocurrency trading on weekends), as well as deposit/withdrawal of funds without any problems make Olymp Trade one of the best companies, working with trading and platform for online trading in Singapore.
Due to the relatively large selection of time frames, it’s easy to carry out both fundamental and technical analyses. You can use a variety of techniques and strategies, trade with news, and market volatility through short-term trading. An analytical section is also available on the website and allows exploring the price movement using various technical analysis indicators. Generally, Olymp Trade offers a good basis for the first comfortable acquaintance with the world of commerce for beginners.
The level of quality, which is present in all aspects of the company, indicates the potential for Olymp Trade Singapore to become one of the leading online trading platforms in the Singapore market.
Hurry up to try! Go and register via a special link for Singaporeans. Choose a demo account or a real account, get free access to training, and much more!