They provide two sorts of trades one in which the investor guesses whether the price will rise or fall at the end of a specified period and another in which the investor predicts whether the price will rise or fall above or below a predetermined level.
Cross-rates are a type of investment that allows investors to swap currencies against each other.
Olymp Trade scam or legit
With over 3 million members from all around the world, Olymp Trade has established itself as one of the most popular binary options trading platforms on the internet today.
How to trade on Olymp Trade
Olymp Trade is a binary options trading platform, which means you can profit from your trades.
You can trade over 150 different assets, including currencies, stocks from Fortune 500 companies, cryptocurrencies, and commodities like copper and sugar.
To trade, you do not need to possess any of these commodities. Instead, you bet on whether the price of the underlying asset will rise or fall over a given period, which can range from a minute to 30 days.
In Kenya, Olymp Trade is active. There are numerous astonishing success stories of Kenyans who utilize Olymp Trade to gain money to the point of trading on Olymp Trade quitting their day jobs.
Why trade with olymp trade
- You'll get a free $10,000 sample account when you register, which you may use to discover how the site operates.
- FinaCom licenses and regulates forex brokers. FinaCom is a third-party, neutral regulatory authority that oversees forex brokers and resolves any disputes between traders and brokers. Olymp Trade joined FinaCom in 2016, demonstrating its commitment to operating ethically.
- Olymp Trade offers a rich customized trading interface that allows you to easily place and manage your deals. A lot of technical analysis tools are available on the platform.
- The minimum deposit at Olymp Trade is $10. (approximately 1,000 Kenya Shillings). Furthermore, Olymp Trade allows you to make trades with as little as $1.
Olymp Trade smartphone apps
Olymp Trade is perhaps the only forex broker offering a highly formed and user-friendly Android and iOS mobile app.
Can Olymp Trade make you rich?
On Olymp Trade, you can make a lot of money. Traders can make up to 92 percent on each deal on the site. If you invest $100 in a trade, for example, you will make $192 if the trade goes well.
The amount of money you can make on Olymp Trade, however, is determined by your trading expertise and funds invested.
You'll almost certainly lose all of your invested funds if you don't take the time to develop a sound investment strategy.
Before you start trading with real money, make sure you've spent time learning and practising your trading technique on a demo account.
Olymp Trade Mpesa deposit
Unfortunately, Olymp Trade does not accept Mpesa deposits, however, this should not deter a genuine trader from doing business with them.
Other deposit and withdrawal options supported by Olymp Trade include bank cards, Skrill, Neteller, and Cryptocurrencies (Bitcoin, Ethereum, and Tether.)
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