The Olymp Trade Platform Explained

An in-depth look at the Olymp Trade Broker, Platform, and more!

Olymp Trade has plenty to offer, including a loaded platform, two modes of trading, an educational suite, and more. Learn everything that this unique platform has to offer traders.

The Olymp Trade platform has been servicing its clients since 2014. Over the years, hundreds of thousands of traders from 140+ countries have chosen this broker. Continually updating and bettering its user experience, they have remained at the cutting edge of online brokers. It has won several “Best Trading Platform” and “Best Support Broker” awards since 2016.

The platform offers two types of trading, Forex and Fixed Time Trading. There are currently over 100 assets from markets worldwide, including stocks, currencies, commodities, cryptocurrencies, and more.

Trading on this platform has much to offer, but the broker realized for some traders it has shortcomings and opened trading through MetaTrader 4. No platform is perfect, but this broker tries to cover all of its bases.

The Platform

The Olymp Trade platform is efficient and straightforward. It has a minimalist feel though it is full of tools and information. It is easy to navigate for traders of all levels, offering two different types of charts, 20+ indicators; oscillators; and other tools, and a demo account.

The platform is user-friendly with a simple layout, intuitive flow, and growing list of assets that make it a solid choice for anyone looking to advance their trading career.

Forex on Olymp Trade

Forex refers to the foreign exchange market. Traders around the world partake in this trillion-dollar market each year.

To profit, traders predict whether an asset’s price will rise or fall, make a deal, close it in the future, and profit from the price difference.

Trading Forex on Olymp Trade is simple. The list of assets is filled with the most popular currency pairs, commodities, indices, and stocks.

Forex trades are easy to execute through the platform. Investors can drastically increase their profits by using a multiplier. A single trade can be multiplied x10 — x500.

A profit of $0.10 becomes $50.00 when raised by x500.

Multiplied profits do not mean increased losses. An unsuccessful $10 x500 trade only costs the investor the initial $10 and the trade commission.

Forex trades do incur a 0.3% to 0.9% commission of the total value of the trade. The same $10 x500 trade is charged $1.50, while a $10 x10 will be $0.09. All fees and commissions are known in advance to avoid surprises making their trades transparent.

Olymp Trade’s forex accounts are also halal as they do not involve any interest for positions left open overnight.

Fixed Time Trades on Olymp Trade

Fixed Time Trades refer to the fact that a trades time is determined before it is opened. Traders predict whether an asset’s price will rise or fall, like in forex. However, profits are predetermined.

The more volatile the asset, the higher the payout. Trades made on the most popular instruments of the day bring traders better returns without more risk.

Payout margins can range from 10% to 92%. A successful $10 trade with a 92% payout earns a profit of $9.20. In contrast, an unsuccessful trade would only cost the investor $10.

There are no commissions or fees involved with these trades. Easy to execute and straightforward, make Fixed Time Trades an approachable method of trading.

Tools

Tools make the platform, and that is evident with Olymp Trade. There are over 40 free indicators, oscillators, and drawing tools for technical analysis available directly on the platform.

Indicators like SMA and MACD are fully functional and can be manipulated to fit any trader’s strategy. Control over the parameters of indicators allows a trader to get more accurate information depending on the conditions of the market.

Olymp Trade provides fundamental analysis tools, the best of which is Insights. Found both on the platform and in the Olymp Trade Educational suite, traders can turn to this section for the latest news likely to affect markets.

It has links to upcoming Master Classes and webinars with professional analysts and traders.

The Assets tab shows the most impactful events on the economic calendar that could influence assets on the platform, how they could be affected, and the price action to expect.

Traders can unlock higher margins, tools, strategies, and consultations with a professional analyst through the platform Market, Trader’s Way, or upgrading your status.

The Olymp Trade Market allows traders to buy different perks of higher-level statuses like specialized indicators, trading signals, and digital advisers.

Trader’s Way is a reward program unique to Olymp Trade that allows you to earn Risk-Free trades, bonuses, higher statuses, and more by gaining XP for trading and completing tasks.

Trading Times

Different assets are active at different times, or all the time. All times mentioned are in Cairo time GMT +2.

• Stocks & US Indices

Assets like 3M, Apple, Facebook, & the S&P 500 trade when the NYSE is open — Monday — Friday from 14:30–21:00

• European Indices

Assets like the DAX, CAC 40, & FTSE 100 trade according to their market. Monday — Friday from around 10:00–15:00

• Commodities & Metals

Assets like Brent, Natural Gas, Gold, & Silver trade all week long Monday — Friday.

• Cryptocurrency

Bitcoin, Ethereum, & Litecoin can be traded anytime anywhere.

Education/ Resources

Not everyone interested in trading is an expert, and the quality of the information provided by a platform shows how vital their users’ development is to a broker.

Learning to trade with the Olymp Trade Educational educational suite is simple. It is brimming with free content and webinars explaining all that the platform offers and how to take advantage of it. Lessons on fundamental and technical analysis give Olymp Trade users the tools and understanding necessary to be a profitable trader.

• Assets

An entire section of the site is dedicated to assets. Clients can learn about different types and individual assets in great detail. The main page shows the most active assets and their price change.

Each asset offered for trade on the platform has an informative company profile complete with a brief overview of its price history, trading conditions, and forecasts.

• Insights

Traders can turn to this section of the site for the latest news that will likely affect the markets. There are links to upcoming Master Classes and webinars with professional analysts and traders.

The Feed shows the most impactful events on the economic calendar that could influence assets on the platform, how they could be affected, and the price action to expect.

• Help Center

Sections cover everything Olymp Trade, from the Platform itself to MetaTrader 4 and Payout. Information is easily accessible and explained simply.

Conclusion

Olymp Trade understands that by empowering its clients, everyone benefits. Whether new to trading or as a veteran, it is important to work with a platform with as many free resources as possible. Localized educational materials show how important trader development is to this broker.