The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Good choice for experienced traders!
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Olymp Trade Review – Is it SCAM or LEGIT broker?
- Great customizable platform
- Low minimal deposit
- Beginner friendly
- Free demo account
OlympTrade platform is a popular online trading platform, and has been serving customers since 2020. But what makes Olymp platform a reliable choice for many investors out there? There are a number of reasons why Olymp Trade is the choice platform of many informed and experienced investors out there.
- Security and reliability of the platform. As a leading investing platform online, Olymp Trade is considered an A-recognized member of international Financial Commission, an organization that secures the interests of investors. Since the trading platform is a member of this organization, unlawful acts are covered up to $20,000, which is sourced from the Compensation Fund.
- Minimum amount required to start investments. The minimum amount to deposit to start trading on this platform is $10. This means that almost anyone can join the platform and become a trader.
- Easy access to training and educational materials. The training and helpful resources are open to all members of this trading platform.
These are just the reasons why it’s this platform is popular among many investors, beginners included. I think that OlympTrade works the same way as IQ Option – profesional, reliable and real trading. If you are still interested as to why this platform is highly recommended, then we suggest that you read this OlympTrade review.
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Good choice for experienced traders!
OlympTrade’s professional trading platform
Compared to other investing platforms out in the market (such as Binomo‘s), the Olymp Trade is a customized platform that was designed by experienced programmers, traders and financial analysts. The team also continually improves on its services, so customers can count on a platform that is working 24/7. The ability to customize is actually one of the best selling points of this platform. For example:
- You can choose how the charts are shown, for example it can be displayed as a line chart, candlesticks or using Heiken Ashi
- Vary the colors of the chart
This is what you will see right after logging for the first time – Demo account ready to go!
Aside from the visual effects of the charts, the technical settings can be configured as well:
- Change the time frame from 25 seconds to 1 month when using the area chart, and change from 15 seconds to 60 minutes when using the Heiken Ashi or Japanese candlesticks
- Use oscillators and indicators for accurate reading of the charts
Special Features of Olymp Trade
Olymp Trade is considered a trading system that makes use of an online trading platform. The features and functionality offered respond to the needs of the customers, and most of these features will generally appeal to investors who are just starting out. Compared to other popular platforms in the market, Olymp Trade provides free registration, and all new members and investors are given 10,000 credits. The free credits can be used by the new member to try out the system and investing platform. Through the use of the demo account, customers can explore their trading skills and try out a few more strategies before trading for real money. The only thing an investor may notice is the absence of incentives. Instead of the usual perks, Olymp Trade provides low investments and starting trade.
OlympTrade Offers a Demo Account
It should be kept in mind that the platform also provides customers with a free demo, with 10,000 virtual dollars and this is given to the customer as soon as the account has been made. The free demo capability of this platform is welcome news for the beginners since they can try out a few trades. Also, there is no time limit to consider when using the free demo. Investors and customers of this platform can practice all they want without having the need to risk the money.
Trading Terms Customers Should Know
- Minimum deposit amount: $ 10. Deposit $ 2000+ to upgrade to a VIP Account.
- Minimum amount required to trade: $1.
- Maximum amount to trade: $ 2,000 for standard account holders and $ 5,000 for VIP traders
- Successful trade payout: 82 % for standard investors, 90 % for VIP-account holders
- Minimum allowable withdrawal: $ 10
- Withdrawal times: Takes 24 hours for standard account holders to a maximum of 3 days, and a few hours for VIP investors
- No withdrawal fees
|Broker||Bonus||Min Deposit||Payout||Review||Open Account|
|FREE DEMO ACCOUNT||$ 10||82 % for Standard, 90 % for VIP accounts*||Review||Trade Now!|
At Olymp Trade, investors and customers can count on friendly terms which can be helpful in making the trades. When using the service, investors can count on minimum investments and faster withdrawals.
Banking and Withdrawal Options
Olymp Trade provides its customers with a number of options when it comes to deposits and withdrawals. When it comes to deposits, investors can choose from the following list of payment processors:
- E-wallets like Web Money, Neteller, Skrill, Bitcoin, Qiwi and Yandex Money
- Use of Visa and MasterCard
- Boleto, for customers based in Brazil
Withdrawals can be made from these payment processors as well.
Here’s a note when using the banking option of this platform: you can make a withdrawal from the platform where you have completed the deposit. The maximum waiting time for a withdrawal request is 3 days, but the platform strives to complete the withdrawal in the fastest possible time. If you are a standard account holder of this platform, then the average waiting time is 1 day. But if you are a VIP member of this platform, then the average waiting time is just a few hours.
OlympTrade In India and Pakistan
This broker is really popular in these countries last year and we are getting more and more questions from Indian and Pakistan traders. So If you are from India or Pakistan and you are wondering if it’s possible for you to register with this broker, respond is – yes, you can trade with this broker! OlympTrade accepts Indian and Pakistan traders.
And what more – this type of trading (options trading) are still attracting more and more people from these countries and it became a way, how they make money for a living.
As it is written above, you have many possible ways, how you can withdraw/deposit to this broker (visa, MasterCard, Astro pay, Neteller, Skrill, Qiwi, Yandex money, web money, etc…). So you don’t need to worry about this – there is always a way, how to deposit and withdraw your money from the broker.
OlympTrade in Nigeria
We are also getting a lot of questions from Nigeria and it’s kinda similar to the questions we are getting from the Indian and Pakistan traders. So – If you are from Nigeria (or another African country) you can trade with OlympTrade – it’s allowed.
Deposit and withdraw methods are same as for any other country. For possibilities – check above.
How to verify your account?
If you are from Nigeria, India, Pakistan, UK, whatever, the process of verification is the same for everybody on this planet. We are getting more and more questions about “how to verify my account”, “what documents do they want” etc… Please read this below carefully and keep in mind, that the process of verification is still the same and same for everybody, so you don’t need to worry about anything! Let’s go.
So to complete the verification (to withdraw your money) you need to send these documents:
- A photo where you hold your passport/ID card in expanded form and where they can see your face and the details in the passport/ID. It’s like a selfie with an appropriate document – nothing more. Note that the photo must be from your shoulders up and it must be easily seen (no blurry). Like on the image below.
- Then you need to send them also the photo/scan of the appropriate document that you want to use – ID or passport.
- If you used for the deposit a credit card, you also need to send photo/scan of the card from which the payment was made. On the card, the first 6 and last 4 digits, name and surname must be seeable. The validity of the card and the rest of digits can’t be seeable (cover it). The reverse side of the card doesn’t need to be present (they don’t need it).
- If you used for the deposit an electronic wallets – A photo/screenshot of the personal electronic purse (Skrill for example) need to be also sent (screen the detail of your account). The information you need to provide is – the picture of number, owner’s name, and the second photo/screenshot must be of that right money transfer (that one your transferred money to OlympTrade).
Where to send the documents?
Upon receipt of the verification request, all the necessary documents must be sent to the e-mail – [email protected] together with the login (the login is the email address) you put during registration.
How long does verification take? Processing of the documents takes up to five business days. And the result of the document verification you will find on your email because you will receive an email with notification about the result.
That’s it – If you need to help with the verification, let us know and we will try to help you.
Types of Accounts Available on Olymp Trade
- Demo Account. This account is provided for free, and each account will be assigned 10,000 virtual units. Interested individuals can simply sign up for an account on the website.
- Standard Account. A minimum of $ 10 or its currency equivalent is required to enjoy this account. Under this account, investors can trade at a minimum of $1, and a maximum trade worth $2,000. The maximum possible profit that one can get is 80-percent of the investment made. When it comes to the withdrawal of funds, the minimum amount that can be withdrawn is $10 with no set limit for the withdrawal. Withdrawals can take an average of 1 day, with a maximum waiting time of 3 days.
- VIP Account. To take advantage of this account, interested investors must deposit $2,000/or its currency equivalent. For this account, the minimum deposit required here is $2,000, and when it comes to trading, the minimum is set at $ 1 and the maximum is set at $ 5,000. Aside from faster withdrawals, VIP members can count on a number of perks. If you sign up for this account, you get the assistance of a VIP consultant and you are given access to leading financial analysts and other trading tools.
|USA Allowed No
Payout: 82 % for Standard, 90 % for VIP accounts*
Demo Account: Yes
Min Deposit: $ 10
|FREE DEMO ACCOUNT||Trade Now! Read Review|
Helpful Trading Tools
On top of the standard tools that are offered by the website, Olymp Trade also offers other friendly tools that can promote a satisfying trading experience:
- Support for cryptocurrency. This platform is known for its proprietary Cryptoindex, and this is complemented by Bitcoin, Ethereum, and Litecoin. You can trade these assets anytime, and are known to provide better return of investments.
- Trade cancellation. If the trade is not going your way, this platform gives you the chance to order a cancel trade. If this option is exercised, customers can get up to 60-percent of his investment.
- Pending trade tool. This is a result to sell or buy a particular option within a set time, or when an asset has reached a targeted price.
Education and Training Within your Reach
If you sign up for an account with Olymp Trade, you are given the chance to access free resources that can be helpful in your growth as a trader. All members of this platform can use:
- Interactive course
- Webinars and video tutorials
- Recommended strategies by top financial analysts
Our Educational Materials
If you don’t want to be dependent on your broker, you can simply go through our wide range of educational materials we prepare and offer on xBinOp.com. Click a button below to see more!
OlympTrade on Social Media
Olymp Trade is one of the popular investing platforms that makes use of the social media. Social media platforms like Facebook and YouTube are used to the company’s advantage, and these platforms are used to distribute learning materials and resources to its members.
Traders and interested students of investing can watch live stream on Facebook, or join webinars that are hosted on YouTube. With the use of the platform and the availability of massive educational resources, we can say that the Olymp Trade is a helpful platform for all types of investors. Today, the website is considered home by more than 6.5 million users, and more than 20,000 traders are active on a daily basis.
- Great customizable platform
- Low minimal deposit
- Beginner friendly
- Fast withdrawal times
OlympTrade – Review author
More about the author Step
I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author
|✅ Website URL||www.olymptrade.com|
|✅ Trading Platform||Custom made platform|
|✅ Minimum 1st Deposit||$ 10|
|✅ Minimum Trade Amount||$ 1|
|✅ Maximum Trade Amount||$ 5000|
|✅ Bonus||FREE DEMO ACCOUNT|
|✅ Payout||82 % for Standard, 90 % for VIP accounts*|
|✅ Free Demo Account|
|✅ Regulation||Regulated by FinaCom|
|✅ Account Types||Standard (10-2000 USD Deposited), VIP (2000+ USD Deposited)|
|✅ Account Currency||USD, EUR, BRL|
|✅ US Traders Allowed|
|✅ Mobile Trading|
|✅ Tablet Trading|
|✅ Overall Score||4.9 / 5|
157 Responses to “Olymp Trade Review – Is it SCAM or LEGIT broker?”
That is a surprisingly low threshold for getting VIP account at Olymp. I’ve learnt that VIP customers get better payout rates at Olymp, not only personal assistant. 92% or 82% seem to make not that big difference, but in fact it is a huge difference that these 10% make. Unfortunately I don’t have that much spare money yet. My plan is to turn my $500 into $2000 and become a VIP client this way
Hi there. Its been apx 2 months now im trading with Olymp. I have no problem with Olymp so far. They have paid me for all the withdrawals so far on time. I had made apx 3000% profit within this period and all things are well. But the only problem i have with Olymp is the Trading limits. Whenever i try to execute trades with higher amounts, the account automatically get restricted. Then i wont be able to trade for cpl of days. When i tried to contact the Customer Care, they are asking me to trade with 1$-5$. But i want to give orders in 3 digits, and not one digit. Can some one help me to understand how to overcome this issue.
Can i conform that it will continusoly trade the account from different commedities ? and withdrawal amount should be initiating late to bank/card?
Hello am from Nigeria if I start trading with 10 dollars how much am I going to make as profit
Hi, this is Brayden (name changed). I have been trading with Olymp Trade for the past 41 days. My total investment is 73$. The best part is that I had already made my first withdrawal of 110$ and it got credited in my bank without any issues. So the best thing is that my capital is secured. Now I have $400+ in my account. I have ordered for a withdrawal of 150$, and its been 3 days now with a response from them that they are investigating my account to check if I have violated the law or not. Let them investigate if that is part of their process. I have no major complaints with Olymp so far. Some inconveniences are there everywhere. Even though I have secured my capital, I’m looking forward to make some profit and withdraw them. I’m currently working as a full-time trader. So ill be happy if things go well. My advice is that just study and understand the market and go ahead. Do not gamble. Demo trade first, and then invest a small amount and trade and learn with live money. Im in the forex industry for 12years. I’ll post a detailed review after 3 months of my usage with Olymp.
I come from Tanzania, I want to invest but I have no passport card
Don’t do it…..
Short answers for this question are not enough…
Let me give you brief about the realtime experience with olymp trade…-yes it may provide you some amount as winning amount in beginning…
But then after 3 4 wins and few losse ..
You cm to realise that… its actually a big hoax…you are fooled in the name of trading… you are simply playing bets for the trade going up or down….again , the app does every possible thing to catch you at your most vulnerable points of mobile usage like… screen lock, network loss, application switching and all other similar aspects… if you are in the middle of a trade and unfortunately your screen gets loked or so… when you switch on your screen, all your trades will be lost… this happened every single time when i had to lock my screen while trading.. infact i used to trade multiple bets in single go.. they all vanished without the trade being complited…
The same happens when you relode the app after app switching and network loss situation.
Also the app reads your psychology and trade behaviour and starts snatching money with altered algorithmic strategies.. at the end of the day… you will have nothing in your pocket…
In short.. beware..
They are big Cheaters…
Hello, do you have some bad personal experience or why you are saying this? Let us know. Thank you.
Olymp Trade works since 2020 and offers services in various markets. Personally, I have been working with them for 2 years and so far have not noticed any deception. I don’t know where you got it from, but it seems to me that either from slander on the Internet or from negative experience. If this is simply based on others thoughts, then this is bad, because you are simply misleading people. If you have a negative experience, then share trade does not offer guaranteed earnings or golden mountains to everyone, they offer a high-quality terminal and a set of tools for traders, as well as training for beginners. I am very sorry that often people perceive trading as a place where anyone can get rich, this is not so. But the brokers themselves are largely to blame, who in the 90s and 00s positioned trade as an opportunity to become rich. And many come to trade without learning, and then lose and blame respectable companies like Olymp trade. Just in order not to lose money, you need to study hard for a long time and not wait for millions on the first place.
Where to study and how to study olymp trade
Leverage: 1:30 to 1:888 *Depends on the entity of the group
Regulation: CySEC, ASIC, IFSC
Min. Deposit: US$5
HQ: Cyprus, Australia, Belize
Platforms: MT4, MT5, XM WebTrader
Found in: 2009
- Trading Point of Financial Instruments Ltd – authorized by CySEC (Cyprus) registration no 120/10
- Trading Point of Financial Instruments Pty Ltd – authorized by ASIC (Australia) registration no 443670
- Trading Point MENA Limited – authorized by Dubai Financial Services Authority (DFSA) reference No. F003484
- Trading Point of Financial Instruments UK Limited – authorized by FCA (UK) registration no. 705428
- XM Global Limited – authorized by IFSC (Belize) registration no. IFSC/60/354/TS/19
- Our Review
- XM User Reviews
- XM News
What is XM.com?
The XM broker started its activity in 2009 and so far operating clients from over 196 countries with a support staff speaking in 30 languages and is among the most trusted Regulated Brokers. The main branch located in Cyprus regulated by CySEC, yet offices are truly covering global needs and serving through Australia, UK, Belize, Greece also authorized in Dubai and MENA region.
About 1.5 Million Traders and investors at XM choose its wide range of XM trading products and the services broker provides along with advanced trading solutions, yet suitable for beginning traders as well. The reason for such fast growth and trust to the broker is that XM aims to provide one of the best user experience in the industry to its clients.
At XM the account can be opened regardless of a net of capital with only 5$ or the trading experience, also with its global approach and discovery of new markets, XM supports webinars and research materials. Which allows traders from various international countries to engage and start trading carer.
Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading is straightforward, simple and transparent, which we will see in detail further within XM review.
|• Multiply regulated broker with a strong establishment
• Wide range of trading opportunities
• Global expands including ASIA, MENA, Africa regions
• Competitive trading conditions
|• Europe clients may trade only CFDs, Forex and Crypto products
10 Points Summary
|1. XM is European broker with headquarters in Cyprus and offices in UK, Australia
2. XM considered a reliable broker due to its regulatory obligations set by ESMA, CySEC, ASIC, FCA, etc.
3. Broker mainstays on MetaTrader trading software offering MT4 and MT5 platforms
4. Large products offering through 6 asset classes including Stocks, CFDs, Forex, Commodities, Portfolios, Metals, Cryptocurrencies
5. Trading costs and spreads are average compared to competition for Forex and CFD trading
6. Demo Account offered with unlimited conditions
7. XM took it seriously to provide quality and Professional Education that offers vast learning materials, Live webinars in multiple languages and regularly held Seminars
8. Very low Minimum deposit – only 5$
9. Huge range of Base currencies proposing easy money transfers for global traders, also supporting vast of deposit methods
10. Overall XM is defined as customer-oriented broker with great client support and diversity of services to serve trading better
Overall, XM achieved a great focus on the Client’s needs while offers very competitive conditions and a range of services that attract global traders. Apart from its highly good results and reputation among the trading community, XM received truly global recognition with many reputable awards for industry achievements including Best Forex Broker for Europe, Most Trusted Broker, etc.
Is XM safe or a scam?
The XM broker group of entities stuck to enhanced regulatory standards as the broker is fully compliant with the necessary regulation policies in each jurisdiction it operates. Therefore, Trading Point of Financial Instruments Ltd (XM.com) considered being a safe broker as clients are operated in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union and follows other regulatory obligations, as well.
Is XM regulated?
XM Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC), another entity Trading Point of Financial Instruments was established in 2020 in Australia and is regulated by Australian Securities and Investments Commission (ASIC). Read more, why trade with Australian Brokers by the link so the regulatory obligations are covered at a sustainable level as we see through our XM Review.
In addition, the global operation is enabled by XM global Limited established in 2020 and regulated by the International Financial Services Commission, allowing to offer its services across the globe. Despite the fact that IFSC is an offshore license, that does not actually implement strict overseeing of the trading processes, yet additional heavy regulation of the XM made it an acceptable choice.
|XM entity||Regulation and License|
|Trading Point of Financial Instruments Ltd||CySEC (Cyprus) registration no 120/10|
|Trading Point of Financial Instruments Pty Ltd||ASIC (Australia) registration no 443670|
|Trading Point MENA Limited||Regulated by the Dubai Financial Services Authority (DFSA) Reference No. F003484|
|Trading Point of Financial Instruments UK Limited||Regulated by the Financial Conduct Authority FRN: 705428|
|XM Global Limited||IFSC (Belize) registration no. IFSC/60/354/TS/19|
Is XM a reliable broker?
The main idea of the regulation is that the trader can trade secure, knowing that clients funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. XM operates its trading environment according to the regulatory measures making it a reliable broker.
Client funds are kept in investment grade banks and use segregated accounts, also falling under the Investor Compensation Fund that ensures recovery of funds up to €20,000 in case broker goes insolvent (note that the coverage scheme depends on the particular entity). Besides, one of the advantages you will get as a trader is a Negative Balance Protection, so there is no risk to lose more than the available balance.
Depending on the account type and the entity under which the XM follows different regulatory obligations, you can choose the leverage on a scale from 1:1 to 888:1. So to understand which leverage level you entitled to use, always refer to the conditions of your residency as various XM entities apply different conditions again due to regulatory obligations.
- As of the recent updates on protective measures, the European clients and brokers can use a maximum leverage level up to a maximum of30:1
- While Australian regulation allows up to 500:1
- And International entity offers high leverage of 1:888
On one hand, by using leverage you can significantly increase your potential income, yet that rule works reversal as well. Therefore, always choose your leverage smartly, as well as the entity under which you would like to trade, which you may learn more through the XM education center.
Besides, leverage always depending on the financial product you use, alike European clients of Trading Point Cyprus may express a ratio of 1:5 for Cryptocurrencies and even a maximum of 1:2 for some products.
You may be a new or professional trader so XM made an ideal choice between account types to suit your trading potential, also with a potential capability to magnify your income with a correct selection of the account type. You may open an account following simple steps of verification and submit through a fully digital process simple to navigate.
If you are new to trading a demo account is another useful tool to test trading potential which XM is offering for free use.
In addition, upon clients’ requests, the account may be referred to a swap-free/ Islamic account, which implies no swap interest and suitable for traders following Sharia laws.
|•Fast digital account opening
•Easy switch between Demo and Live Account
•The proposal between Accounts based on spread only or with commission charges
•Very Low minimum deposit
|•Account types vary according to jurisdiction|
In regards to the trading accounts, XM made a choice between four main account types – Micro, Standard, XM Ultra Low Account and Shares Accounts while all features custom-oriented conditions. However, XM entities depending on the jurisdiction rules apply slightly different offerings, as Accounts availability depends on the client’s country of residence. Alike CY branch offers three account types, excluding Ultra Low Accounts, also some conditions may vary too.
Overall, XM made it a simple as you may choose to prefer trading style through either account to trade smaller size through Micro Lots, or to trade regular size with Standard account based on spread only basis. Lastly, Zero Accounts will offer you another fee strategy where the spread is an interbank quote starting from 0 pips and the trading charge will be deducted through a commission per lot.
So make sure to verify the applicable proposal before you sign in, also see the breakdown below.
Can you open XM account in South Africa?
If you are a trader from South Africa – yes you can open XM account, as XM applied for registration to local regulator since 2020 and even since appealing to South African traders. So truly worldwide traders can enjoy great customer-oriented features XM offers and engage in all the trading benefits relatively easily.
Account Base currencies?
As for the account base currencies, XM added extra flexibility in this regard too, as choosing XM Account you may select the base currency of your preference from the great supported selection. This range includes even South African Rand (ZAR) or Singapore Dollar (SGD), besides to other global currencies.
So all in all register with XM allows you transparency of money transaction, while you will avoid conversion fees for both deposits and withdrawals while selecting your preferred base rate.
Besides to its good features, XM makes trading more pleasant by a huge variety of products so you will enjoy a great choice that meets expectations and preferences.
A range of trading markets available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets. And so you are able to trade Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at XM all available from the same trading account.
Generally, as we found within our XM Review, the broker operates with variable spreads, just like the interbank forex market and imposes no restrictions on trading during news releases. And that’s definitely good news to the traders, as usually fixed spreads are higher than a variable once, as well are more flexible to different trading strategies. That means all trading costs are calculated into a spread with no hidden fees and tightest spread offering.
|•Available options between spread only or commission charge
•No additional costs
|•Average Forex fees
Our find on Forex Fees
As we already defined, costs are based on a spread, in case you will open a Micro or Standard account. Also, XM spread is a fractional pip price that gets the best prices from XM’s various liquidity providers. Meaning, instead of regular 4-digit quoting prices you can benefit from the smallest price movements by adding a 5th digit, known as a fraction.
Below you may see average spread reference calculated throughout the day on a Standard account presented for most popular products. Even though some spreads might be higher than its industry competitors, the overall fee structure is rather average for Forex markets and low cost for CFDs.
Comparison between XM fees and similar brokers
What is XM commission?
The commission fee is added on XM Zero Accounts only, as you will be trading with interbank spread quotes starting from 0 pips and commission charge as a trading fee. XM applies transparent conditions and a quite competitive offering of $3.5 per lot per 100,000 USD traded. Also, you may use the fee calculator provided by the XM for an easy understanding of your costs.
Fee conditions upon opening of trade
Lastly, you should calculate also XM overnight fee or the fee that a trader pays in case the position is opened longer than a day and is agreed through a swap contract that comes as a cost. Every currency has a different interest rate which comes as a calculation.
As an example assume that the interest rates in Japan and the US are 0.25% p.a. and 2.5% p.a. respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency.
You may see also swap fee conditions on the snapshot above, as well for better information check out and compare XM fees with another broker Plus500.
Deposits and Withdrawals
The funds transaction at XM are managed in a customer-oriented way too, traders having a choice of multiple payment methods supported in all countries. Various payment options including commonly used, also XM again took care of clients’ comfort and introduced a local bank transfer option, which enables to fund the account through local banks and currency with no conversion charges.
How long does XM Withdrawal take?
While the XM Accounting team process withdrawal requests quite quickly within 1-3 business days it depends on the country the money is sent to, as variously rules and policies apply. The standard bank within the EU will take around 3 working days for the money to be available on your account, yet some methods or institutions may process almost instantly or take longer, all depending on the payment method you use.
In terms of the trading software, XM clients access to make transactions and trades throughout well-known and nearly perfectly-developed trading platforms MetaTrader4 and MetaTrader5.
XM chooses their technology on a most popular industry platforms MT4 and MT5 not by case, but obviously for traders’ advantage, as the platforms are very known and allow you to get numerous extensions or access comprehensive education on how to use tools. So the platforms gaining high ratings due to its international recognition and are always a plus towards brokers’ proposal.
Directly accessible just from one account and available in various versions all platforms are integrated with a full site of technical analysis, indicators and comprehensive tools, stop or trailing orders. SO you may access XM trading just by the use of the browser and login to Web Trading.
|•User friendly software
•A mainstay at MT4 and MT5 platforms
•16 Different platforms suitable for Web, Mobile and Desktop trading
• Mobile App for iOS and Android
•Supporting numerous languages
|•Only MetaTrader offered
Desktop Trading Platform
Though XM made the software even more advanced and suitable through 16 Trading platforms, which cater just any device including web, mobile, and even multiple accounts trading. So you get full account functionality and make the trading process at ease and comfort if you select the Desktop platform or other versions to trade.
Since XM uses MT4 or its newer version MT5 you are able to use its powerful capabilities along with automated trading or the trading robots. EAs available with unlimited use of charts for those that prefer technological trading, also great manual trading tools will assist in your strategy as well. So overall all demands and trading needs are covered and are at very sustainable level.
Look and Feel
MetaTrader is known for its clean and good feel while trading, also its Charting are among the most powerful offerings in the industry. So, the same as we do, you will enjoy its look and functions offered.
Mobile Trading Platform
Of course you are able to use your mobile for trading as well, XM MT4 Android and iOS apps, along with XM MT5 apps will give you access to trading account with full account functionality. MT4 and MT5 apps also offering great charting with 3 Chart Types, over 30 technical indicators in its package and full trading history journal. So
|•User friendly apps suitable for Android and iOS devices
•Easy to navigate, manage and install
•30 technical indicators and 3 Chart Types
•Supporting various languages
How to place orders with XM?
Placing of order is a quite seamless process, as MT4 or MT5 also allows one click trading option. So you may choose between pending order or market order available on all platforms. There are risk tools available as well, which you should never skip and stick to your strategy. So to place an order you should follow the next steps
Platform trading tools
In addition, there are numerous XM’s add- ones allowing you to enjoy extra benefits that the platform offers. This includes also XM VPS, Rapid Trade Execution and remote connection to a Virtual Private Server(VPS). The XM VPS brings non-stop work without your monitoring or even having the computer on. Clients that maintain a minimum amount of $5,000 or equivalent, are eligible to request a Free VPS, for the ones’ that can’t meet the requirement, still can request a tool with a monthly cost – $28.
As for the customer support and service, as we see XM globally covers trading needs while the customer service team available in international locations and speaks more than 25 languages including Chinese, Russian, Hindi, Arabic, Portuguese, Thai, Tagalog and more languages.
Customer service available 24h 5 days a week and available for your concerns and answers either through email, phone or live chat. Also, we found that service is a good quality with reliable answers, which confirms again XM’s client oriented policy.
Along with great customer service, every client can access numerous educational materials through XM Learning Center with trading data and other necessary information that brings trading to a better level. In this regard, XM went also far and beyond with great respect and wide education support throughout various regions with a purpose to educate traders.
Indeed, you should never skip the education and your personal improvement, as those who have data can make much smarter decisions and XM will support your strives in this regard too.
With XM you may count on a quality learning defined also by your level, which includes Live Education offerings, Educational Videos, Forex Webinars and regularly held Forex Seminars in various destinations. In addition, there are very well organized tutorials, videos and tools at your disposal.
In terms of research tools and Market materials, you will find it in order too. Along with News Feed, Technical Summaries and Technical Analysis, XM provides Fundamental Analysis and Trade Ideas suitable for beginning or advanced traders.
We do really like the way XM organizes its research tools as well, as you will find in one place everything that is required for your smarter trading decisions along with Forex Calculators, MQL5 and more. Also, exclusive technical indicators compatible with both platforms available for subscribers also making it possible to perform algorithmic trading.
In conclusion to our XM Review, it is a well-regulated broker by numerous highly-respected regulators that delivers truly transparent conditions and is extremely customer friendly broker.
Be sure, with XM you will find your own preferences and satisfy your needs, with advantages throughout all the process from A to Z, and attentive, always on-hand XM staff. All together really assists in pleasant trading for both, new and experienced traders.
The fact that XM firm has quickly passed through its early development stage and in prevalence obtaining very favourable reviews made us be sure of its competitive offering.
No re-requotes and no hidden fees or commissions policy, as well Negative balance protection, brings very comfortable as well the strict real-time market execution policy, making XM very welcomed among trading offering. So one of the most generous proposals in terms of costs, trading conditions and opportunities overall, makes XM a truly human broker.
Nevertheless, let us know your personal opinion about XM.com, do not hesitate to share your thoughts or ask us for additional information through the comment area below.
55brokers.com for Forex Broker Reviews
The worst broker ever, deposited 3k into my Xm account. Funds deducted from my bank account with payment reference number and details. XM says bank rejected the transaction. Calls back my bank to check, transaction is successful and funds deducted from my bank account with payment details Contacted XM again, and same reply, bank rejected the transaction, when ask for proof to show that the transaction was rejected, not given. Ask for a call back, not done. Just keep repeating the same reply, transaction rejected by my bank. If you don’t want your money to just vanish, skip XM
Iron Trade Review: is IronTrade Legit or Scam Trading Platform?
Welcome! We are glad you have decided to read through our guide.
Considering you are reading this section, we assume you are very new to trading, though, if you already have the very basics handled, you might want to skip this part.
Trading, in CS:GO defines an exchange of items, usually skins, through Steam.
If you receive a trade offer, you should compare the prices of your items and the items you are being offered. If that price is higher, the trade is usually worth it.
In rare cases, where your skin has a special float value, pattern or stickers, it may be worth more than the market price – we will talk about this in detail later on.
• market – usually used when your item is worth nothing more than it’s price on the Steam Market.
⠀⠀⠀⠀⠀⠀⠀Usage: “dude ur skin is market”
• key – although, following a recent update, key prices are now completely mixed, some people still use it as sort of a “currency”, where 1 key is equals to 2,50$.
⠀⠀⠀⠀⠀⠀⠀Usage: “im looking to get about 4 keys for this negev skin”
• liquid – A skin / item that is constantly desired and has a stable market price, such as the Ak-47 Redline or Nametags. You will always be able to sell it quickly, for around the same price.
• arcana – Arcanas are a liquid item from Dota 2, CS:GO traders have recently started using them as a currency, since Dota 2 items do not have a trade-hold.
• overpay – used when someone offers you skins, that are worth more than your skins.
⠀⠀⠀⠀⠀⠀⠀Usage: “This guy is offering me a $200 knife for my $190 item”
• lowball – used when someone offers you skins, that are worth way less than your skins.
⠀⠀⠀⠀⠀⠀⠀Usage: “You offered me $35 for my $40 item, what a lowball.”
• upgrade – Upgrade, is when you trade a lot of cheaper skins, for one more expensive skin.
⠀⠀⠀⠀⠀⠀⠀In this scenario, you should be the one overpaying a little.
• downgrade – Downgrade, is when you trade one expensive skin, for a lot of cheaper skins.
⠀⠀⠀⠀⠀⠀⠀In this scenario, the other person, who is trying to upgrade should be overpaying you.
• shark – Shark, would be a name for a person trying to defraud you, by making you think your skins are worth less than they actually are, or vice versa.
When you post your trade on any website or in our Discord, it is best to keep it neat, formulated and easy to read through. Too much clogged up text is likely to deter other traders.
The usual template to follow is:
[H] – Stands for “Have”, here you write the skins you have.
So, if I have an AK-47 Safari Mesh that I’m trying to trade for AK-47 Elite Build, I would write the following advert:
b/o – Stands for Buy-Out.
c/o – Stands for Current Offer.
SS – Stands for Screen-Shot.
You can use either the #screenshots channel in our Discord [trademart.gg] , where all you have to do is simply post an inspect-link and the bot will reply with the screenshot. Or you can use online screenshot tools such as:
To get the inspect link of your skin, simply copy the following:
After all these years, scammers remain to be one of the greatest threats CS:GO trading faces.
It is important for you to understand at least the most common scamming methods, as falling for any of these is very easy for a beginning trader, making all your progress – and skins lost.
The main, general rule I would recommend you to follow is to NEVER EVER CASH TRADE.
• This is also the reason we do not allow any form of cash trades in Trademart.
NEVER SEND YOUR SKINS TO ANYONE, BEFORE RECEIVING WHAT THEY ARE PROMISING.
If you want to stay safe, we recommend installing this anti-scam extension.
Another sign that someone might be attempting to scam you, is trying to pressure you and rush you into a trade without thinking.
We recommend you to always keep all trade-related conversations in form of text, scammers will often ask you to call them to arrange a trade, as that way you won’t have any screenshots and thus, no proof.
This is likely the most common and easiest way people get scammed.
In this scam, a person is likely to approach you, and often offer you an amount that is much higher than the amount of your skins’ worth.
They will ask you to “go first”, though, after you send them the items there is no payment coming back, then they likely block and unfriend you.
If are you looking to cash-out your CS:GO skins to real money, we recommend using trusted websites as a platform to do so, as they remove 100% of the risk associated.
You can find details on these in the “How to cash-out?” section.
A person sends you a link to a fake website, this can be either a random website you have never heard of or a mimic of a well-known legitimate website, with a slightly changed URL.
There is often a Steam pop-up asking you to log-in.
After you enter your details you will be logged into the site as normal but the owner of the site will have access to your API. With access to your API they will be able to mange trade your trade offers.
We cannot stress enough to always make sure you are on the official website.
We advise anyone who’s logging in to Steam via a 3rd party site, to open a new window and manually log-in on the official https://steamcommunity.com
You can check if is a website suspicious here: https://amphetamin.es/is-it-a-scam
If you believe that you have been a victim of this scam, please visit the link below, REVOKE your API KEY and change your log-in details as soon as possible.
A scammer adds you on Steam, and messages you saying that he is part of a professional CS:GO team and they need a 5th player for a tournament.
This website is fake and in most cases leads to phishing / api-key scam as described above.
Someone calls you on Discord, asking you to buy your skins using a trusted website.
Never tell anyone that you are about to deposit your skins on a website.
The scammer adds you, claiming that he has this skin with a 600$ sticker on it and wants to trade it for your 200$ knife.
Some stickers, when applied to a weapon do often really add value to it.But this value is usually from 0.5 up to 5% of the stickers price, so in this case, it would be worth nowhere near 200$ and you would be getting sharked.
You can read more on stickered skins in the “Stickered Items” section.
When dealing with a special item as such, always get a price-check from more experienced collectors, we have a designated channel for this in our Discord server.
The scammer wants to buy your skins for real money and suggests to use a “middleman” to keep both of you safe.
This so-called middleman, is often his alt-account or a good friend of his. After you send either of them the skin, you will not receive anything back. Just like in any other cash trade scam – only a little bit more elaborate.
Someone sends you, or you randomly find this never heard of gambling website.
No way! You have won a Dragon Lore! It was only 0.0005% chance. Who would have thought?
. Well, unfortunately, no, you did not win the Dragon Lore, and it is a fake website.
This scam is also known as “quick-switching”. The person offers to trade you a Factory New skin, which he really has in his inventory, for some skin of yours that is worth just as much.
Always triple-check all contents of your trades, and to be completely safe, always be the one sending the trade, not vice versa.
The scammer sends you a trade-offer with a Crown graffiti or emote, which can be easily mistaken for the Crown (Foil) sticker in the moment of excitement. But is worth only a few cents.
This can happen with other items as well.
As already said, always check the contents of the trade before accepting it.
Anyone claiming to be Steam Admin and asking for your login details is a scammer.
Your account is not getting banned, and if you send them the skins, you will never see them again.
The scammer asks you to verify if your item is “legit” or if it has a specific “ID”.
The only information about your skin anyone might legitimately want to know is the Pattern number and Float. They can easily find these on their own and there is no need to deposit your skin anywhere to find it.
• If it sounds too good to be true, it likely is.
Float is a randomly chosen numeral representation of the wear of the skin.
Float value/wear of a skin is a fixed value, the float value will NEVER change.
Floats range all the way from 0 to 1, although some skins have float caps that prevent their float from going above or below a set value. This is called a “float range”.
• The float range of an item can be found on: https://csgostash.com
So, let’s say you have an AWP | Phobos with float value 0.0631 and an AWP | Phobos with float value 0.3854:
An item’s float value also determines the wear of the skin based on where the skins float value falls between 0 and 1.
Factory New = 0.000000000000000000000000000 – 0.06999999284744262695312500
Now, the fact that your skin has a float is nothing special, every single skin has a float value.
When it comes to rare floats and float collecting, people want floats that are hard to find.
Since the float range for an AWP Phobos is 0 – 0.4.
Any float in the middle of a float range, such as 0.3634 or 0.1354 float, is not significant at all.
The fact that the float value of a skin, upon its drop, is based on a bell curve, it makes it very rare to get a skin with the highest or lowest float value.
So, an AWP Phobos with .3999999 float (considering it caps at 0.4) would be worth more than a random float of 0.28531 or similar.
By saying that your skin is the #1 highest float AWP | Phobos in the world, it means that it has the highest float in the world, out of all other AWP | Phobos that exist.
The current highest float AWP | Phobos that exists has a float value of:
Which we can see on the list below as well:
People will usually not overpay you for a float unless it is within the top 10 highest or lowest floats for that skin.
There are certain exceptions to this, a high float Safari Mesh is called “Black Mesh” and starts adding value at 0.79 float already, due to the desirability. The more 9’s you get, the higher the price. A high float AWP Asiimov is known as a Blackiimov and starts adding value at 0.9 however, it is not considered a true Blackiimov until 0.95+.
The value of these skins is very subjective to the buyer.
. This is a very special case though, as it is an iconic skin. In general, you can expect much less overpay for ranks 2-5 and a reasonable amount over the market for #1 floats.
If you struggle to sell, you can always lower your price, but you cannot reverse selling something for too cheap. All you will be able to do is regret doing so.
The problem with price-checking high/low floats is that the prices are entirely subjective. The amount you can possibly sell a low/high float skin for is entirely determined by the open market, and not by any formula or rule. The most reliable way to find the price of float-niche items is to study the market firsthand in order to determine the demand of particular floats.
You can browse and find the world rankings on a website called https://db.csgofloat.com
They also offer a browser extension, that lets you see floats of your own skins, and of skins on the Steam Market very easily. I personally recommend this as essential to every trader.
The extension can be downloaded HERE [chrome.google.com]
*Example of an inventory viewed with the extension.
CS:GO’s float values are based on the iEEE 754 Standard which is a decimal system of “real numbers” that computers can interpret. Within this system there are over 2 billion different float values between 0 and 1 that a skin can have attached to it. Because float values are not randomly generated, but rather randomly chosen from a selection it is possible for a skin to have an identical float value to another skin.
How do some skins have infinite 0’s after a certain point?
What many people do not realize is that, because all float values are multiples of 2, all float values have infinite 0s even if we can not see them when inspecting an item in game.
Stickers. Not everyone admits it, but everyone loves them.
In CS:GO, you can purchase and apply stickers to your skins.
Each sticker can be listed, sold on the Steam Market and traded.
• Upon applying a sticker to a skin, the sticker loses vast majority of its value.
After the sticker is applied to a weapon, it cannot be gained back.
Scraping the sticker DOES NOT affect the wear of the skin itself.
If you apply a sticker with a trade-hold on a skin, it adds a 7-day trade-hold to it.
In most cases, applied stickers are seen as completely worthless to other traders, who will refuse to pay anything other than the market price of the skin.
In some cases, when a sticker is really expensive, it can actually add value to the skin.
Stickers from the Katowice 2020 tournament are the most desired of all, and probably the best to make examples of. There are many other tournaments and many different stickers from them that are also valuable, but for educational purposes, we will focus on Kato 14’s.
Most weapons have their own best and worst positions.
The best position on a gun is usually the one that is visible the most, no matter the player model.
• In this example, the worst position would be the handle, since the sticker is covered by the hand.
The rough rule of thumb is 5% sticker percentage for best position and 0.5% for worst position.
The same percentage does not apply in a case, where we talk about a 4x craft of the same sticker, such as the Glock in the example. With crafts like these, we add up the price of all the stickers together and take a single percentage from that.
When a sticker is a 4x (meaning it has 4 of the same sticker on it) it boosts the value drastically.
Due to this fact, sticker percentage on these skins can go as high as 60%, if it is a fitting skin, in its best wear and usually featuring stat-trak as well, if possible.
On some weapons, such as the Negev there isn’t really a best or worst position and it comes down either to personal preference, or aesthetics of the symmetrical proportions where the stickers fit.
The actual skin the stickers are on determines the value drastically.
The Ak-47 Blue Laminate was the most used skin back then, which is the reason so many people have made sticker crafts on them, and why there are so many of them out there.
If we are talking about skins, that were crafted when the stickers were already expensive, which means basically any skin that came past 2020, it was likely crafted on purpose and there aren’t many out there like it. This increases the sticker value.
This is also the reason, that newer stickers like The Crown, that was expensive ever since its release, add more of a value to any skin compared to Katowice 2020’s, which are more subjective.
In general, the newer and more desirable the skin is, the higher sticker percentage applies.
Although we did say that sticker being scratched sinks the value.
There are crafts, with expensive stickers that are just so painful to look at, that even a collector will overpay you for them for the fun of it.
Just look at this poor Sand Dune.
. Or this scraped Moonrise.
Are you crying yet? 4x iBuypower craft, one of them is a holo. I mean, used to be a holo.
If you want to search the Steam Market for skins with cool stickers, check out this website:
You can also use this website for the same purpose:
Anyway, katos, as people call them and stickers in general, are a really fun thing to get in to.
Each individual skin in CS:GO has a specific pattern number attached to it.
The pattern, on some skins changes nothing.
This is similar to float value, but the limit is 0 to 1000 and it must be a full number.
0 cannot be gained from trade-ups, 1000 cannot be gotten from a case.
A skin can have one of 1001 patterns.
Not all, but the look of some skins is highly dependant on the pattern.
Every skin in CS:GO has a custom texture file, just like the one seen on the left.
This specific texture is for the AK-47 Case Hardened. In this case, the pattern number decides what part of the texture is actually shown on the skin.
If we take two AKs, both with completely different float values, but the same pattern number, they will both show the exact same part of the texture – only one more worn than the other because of the float.
But, if we take two AKs with the same float value, but a different pattern, they will both look completely different.
The example above shows what was explained.
Collectors, usually seek skins with the rarest pattern possible.
The bluer the AK, the harder it is to get.
This is the rarest AK-47 Case Hardened pattern which showcases the most blue possible.
It is referred to as the “Scar” and has the pattern number of 661.
Although the price of a Factory New Case Hardened on market is 100$.
A Minimal Wear one had been recently sold for 10000$.
It is still the same skin, just a different pattern. Crazy, right?
Case Hardened’s do not add this high of a value in every case though.
You can find full list of blue-gem prices as of 2020 on THIS [broskins.com] link.
The Blue prevalent patterns are refered to as “Blue Gems“.
Some patterns can have a high percentage of blue, but it is often not clean and mixed with purple and other colours at random. This is not that valuable and referred to as “Blaze Pattern“.
Another example of a pattern-dependant skin would be the Moonrise.
Unfortunately, the availability of this skin, makes it worth market price.
Same with the secret “Blue Leaf” on the XM. Since it is their only special pattern, they are very common and easy to get, combined with the quantity available, this makes them worth only market price, unless you have a really low float or the right buyer.
There are skins with solid texture, where the pattern number changes nothing.
Every skin in CS:GO has a custom texture file, just like the one seen on the left.
This specific texture file is for the AWP Asiimov, and since it determines exactly where what is, the AWP has a solid texture that is the same for every single Asiimov out there.
The only thing that changes the look of the Asiimov in this case, is the wear, the float – making it look more beaten up or cleaner.
Patterns do not play role here.
The only thing a pattern can change on a skin like this, in high float, is where the scratches are.
You might have noticed and might have wondered, what does the “Finish Catalog” number do?
The Finish Catalog number, tells us which part of the texture the pattern number falls in.
For most skins, this isn’t the case and the Finish Catalog number is the same no matter the pattern. A Gold Gem and Blue Gem AK-47 would have the same Finish Catalog.
We call these different parts of a texture “Phases”.
A different set of Pattern Numbers falls under each Phase.
Let’s use the Doppler as an example.
The Doppler has 7 different possible Phases:
The Phases 1-4 are the most common of all and are worth market price.
The Ruby and Sapphire Phase are considered to be equally rare.
The Black Pearl is the rarest Phase of all.
Though, it does not have as high of a demand, making the previous two more expensive.
This is the texture file for Karambit Doppler.
As you can see, it is divided into different parts, these different parts are considered by the game, by giving them different Finish Catalog numbers, unlike the Case Hardened pattern – which, basically the community made up.
These different parts are the talked about “Phases”.
If the specific pattern number falls on a certain part of the texture, it goes under that Phase.
In CS:GO, other than trading with players or bots, you can also trade-up to your skins in-game.
There are 8 different quality grades for skins.
Industrial, being the most common and usually cheapest of all, while Covert being the most extraordinary and desired grade.
It is not possible to put Covert skins in a trade-up, which means it is impossible to trade-up to a Knife.
There is also Contraband quality – but this is featured only on single skin, the Howl.
And a Base Grade quality – all of the default weapons in your inventory are of this grade.
The way trade-up contracts work, is that you input 10 skins of the same quality and you receive 1 skin of quality above it, in exchange.
So, from 10 Industrial grade skins, you would receive one Mil-Spec skin.
Let’s say your outcome skin has caps at 0.06 and 0.80, this is what happens;
Each skin in the game comes from a collection.
A collection usually has multiple skins ranging from Industrial to Classified grade, but only one or two Coverts, they are the crown and face of the collection.
In this example, let’s say I have 3 Mjolnirs and I want to trade them up to a Gungnir.
If I was to buy 7 more Mjolnirs to do the trade-up, I would have 100% chance and be guaranteed to get it, but it would cost me more than just buying the Gungnir, not worth it.
This is why people do risky trade-ups.
You can fill the rest of the trade-up contract with 7 cheaper Classified skins.
But at the same time, you have 70% chance of getting a very cheap Covert and loosing your money.
Your odds might be even lower, some skins from cases have actually 2 Coverts that they can be traded up to, which means that in our 3 – 7 scenario, your odds would not be 30% but closer to 10-15%.
We recommend looking for skins from collections that have the same or a lesser amount of the grades you are trying to trade up to.
*In the example above, a comrade traded up to a Mjolnir with 20% chance.
It is basically a gamble, but sometimes can be worth it.
You can use websites such as http://csgo.exchange/contract/tradeup where you can try out the trade-up virtually and calculate your odds before actually doing it.
You can also get an accurate float outcome from the skins you are inputting here:
Other than CS:GO skins, there are some items from other games that are used by traders.
Random items from other games are usually not that great of an idea to trade for, as the demand can be really low and it might take ages to sell – even if the listed price on Steam Market is really high, the real highest buy order is usually a lot lower than that.
The following items are preferred by traders due to their stable market price, high demand and ability to immediately sell them on market – in other words, they are liquids.
Due to their stable price, if are you cashing out, it might be easier to trade your skins for these items first, and then cash them out as they sell quickly.
Most important of all, THERE IS NO TRADE HOLD. This is a huge plus.
Arcanas are a liquid Dota 2 item. There are multiple items considered an arcana.
Their market price is about 27$ on average.
Look for Standard Arcanas, there are different rarities – Autographed, Inscribed, Exalted and others, but Standard version is the most liquid of all.
All of the following items are Arcanas:
This is a very high tier Dota 2 item, mainly used for cashing out.
Their market price is about 820$ on average.
Just like with Arcanas, we recommend to look for the Standard version.
Team Fortress 2 keys are a great alternative to CS:GO keys.
Their stable market price is about 2.40$ on average.
Let’s be honest. You should definitely not be investing in pixels, in a video game.
. But, if you have some spare money, and would like to try it out for fun, then listen ahead.
The market of CS:GO is a Tier 2 Chaotic System.
Predictions change the outcome.
“Level two chaos is chaos that reacts to predictions about it, and therefore can never be predicted accurately.” – Yuval Noah Harari
If are you new to trading, you should not be investing in anything at all.
Having the overly long disclaimer out of the way, you now understand that it is basically a guessing game, even if we try to predict and elaborate as hard as we can.
Every single time a new case comes out, for the first weeks, the prices of its skins are at its highest. And as the quantity increases, the prices decrease.
. And the quantity is going to keep increasing forever, as there is imaginatively unlimited availability of said cases, as long as people keep opening them. Even if people opened all of that certain case there is, the overflow of skins available at that point would either not affect, or stomp the value completely.
Skins from newly released cases are thus definitely not a good idea to be investing in.
Though, there are some factors at play that could affect this and make our statement untrue.
• Discontinued case – A case, for whatever reason being discontinued early on, would make it no longer drop-able. If people kept opening it, it would go extinct eventually.
In general, unless the case has any special drop conditions attached to it – such as not being possible to be dropped anymore, being a part of an operation drop or being restricted in any other way. We DO NOT recommend investing in skins that drop from regular cases.
Valve sometimes uses workshop skin submissions of players and puts them in a case.
The Howl was a regular Covert skin, featured in the Huntsman Weapon Case, which was introduced in June 2020.
The rarity changed from Covert to Contraband and it was removed from the case.
If something as such were to happen again, we could expect a similar result in terms of price, but it is extremely unlikely. This is rather to give an example of why a certain skin can be so expensive.
Once, or twice a year, there is an official CS:GO tournament called the Major.
These stickers and capsules can be purchased in-game for a fixed price until the major is over.
You should always wait until close towards the end of the major before purchasing anything, as that is when everything goes on a -75% sale.
PS: The chat spam during Majors such as “!gift” or “!souvenir!” is fake.
Nowadays, they are not that profitable to invest in, as they are over-invested (people buy too many of them in hopes of profit, but all that does is make the supply way higher than demand and keeps the prices from rising).
But there can still be some exceptions. Such as the Furia (HOLO) sticker from the Katowice 2020 major, or the D*ck autographs. Simply because they are d*cks. These have proven that if you know what to invest in, it can be still worth it.
The first major that ever had tradeable/purchasable stickers – Katowice 2020, was a different story, the stickers could have been purchased for the same price as today, below a dollar, but can be worth up to 15000$ per single sticker today. This is due to the fact that literally no one invested in them, they are the best looking stickers ever featured and extremely scarce in quantities.
. Keep in mind that back then, trading was not that big of a thing, and the idea of paying for stickers on guns seemed ridiculous to most people.
Probably the most well-known example of an operation skin, would be the Dragon Lore, or more recently, the mystical Gungnir.
In order to be eligible for a drop from an operation, you have to purchase the Operation Pass, which already costs you about 10$ to do. If you complete all of the operation missions there are, within a certain time limit, you can get up to 9 operation skin drops in total – three from each collection.
This already restricts the availability, on top of that, majority of the player base is not spending that much money on a pass, considering CS:GO recently became free to play. Even if someone with a pass gets a drop, the chances of getting anything better than an Industrial are very slim.
You can, of course, try to get more chances at this, by purchasing additional drops, but they are very pricy compared to regular cases and thus it is not an option for the average trader.
• This all adds up and pushes the skin prices really high.
The more operations the same collection is featured in, the lower the price usually drops.. But unless there is an extreme overflow or other circumstance to consider, most operation drops are basically guaranteed to rise in price over time.
It is really hard to say what is the future of operation skins with today’s CS:GO market, as Valve had taken a long break since the last operation, and the system now works a bit differently than it used to, which we haven’t been fully able to see the effects of.
We cannot say for certain what you should or should not invest it, and you should definitely wait with investing in anything until you gain some experience.
But hopefully, this has at least helped you to understand what should you not pay too much for, in the rush of it being “new” or attractive, as there are many more aspects at play to consider.
To cash out, we STRONGLY suggest against a player to player trading.
There have been instances of well known and reputable traders, deciding to scam thousands of dollars worth of skins, out of the blue.
In 2020, there are many great alternatives to this, that remove all of the associated risks.
If someone charges their payment back, after depositing on such a website and purchases your skin, it does not affect you in any way and it is the website’s problem to deal with.
When cashing out, do not expect to get the same price for your skin as on the Steam Market.
The more % off, the faster you can expect your item to sell.
For a knife worth 100$ on the market, you could expect to get around 70$ cash.
Some legitimate websites to consider are:
CS Deals • 1.5% fee [vortexiel.com]
Skinbay • 10% fee [vortexiel.com]
Bitskins • 5% fee [vortexiel.com]
SwapGG • 7% fee [vortexiel.com]
StoneFire • 10% fee [vortexiel.com]
*The said fee is a sales fee. Some websites can have additional withdrawal fees, please refer to the FAQ of each website for more details on this. Information provided was true as of 01/03/2020
You deposit your skins on these websites, and they are listed on their “marketplace”, that other traders can browse.
Please keep in mind, that if you do not have a buyer beforehand, listing your skins for a very high price, can lead to it taking really long to sell, or not being sold at all.
• Always make sure you are on the official website and triple check the URL address.
. If you follow the instructions provided by the website carefully, when depositing, you will be safe.
If you decide you do no longer want to sell your item and want it back, you can simply withdraw it from these websites after the 7 day trade-hold is over.
The most well-known website amongst traders like would be BUFF [buff.163.com] .
Unfortunately, you can not withdraw your balance from BUFF, unless you are Chinese.
There are unfortunately no English websites of this kind, that had fully proved themselves so far.
There are also websites, where you can trade your skins, for other skins, with bots.We generally do not recommend using these, as they are designed in a way, in which you are never in profit – but, sometimes they might be a choice thing to consider when you are trying to trade-up to a specific skin quickly and don’t mind losing few bucks in the process.
Amongst these are:
If is someone contacting you, asking you to deposit on a website, not on this list, it is likely a phishing website or a fake bot scam, as talked about in the “Don’t get scammed” section.
Be extremely careful when cash trading, legitimate traders are usually understandable of this worry and will never try to push you into a trade that you are not comfortable with.
Well, here we are.
The bottom of the guide, the finishing line of our journey, the end.
The beginning of YOUR journey, as a trader, a fellow comrade.
Find your own specialty, pursue it with passion and you shall seize the means of production. Profit.
Whether you are going to end up as a sticker collector, the richest trader in the history of CS:GO or just a guy with 1000 negevs in his inventory.
. We wish you the best of luck.
You might get scammed on the way, but don’t let that beat you down.
If it had already happened, we are sorry. But, learn from it, and rise like Phoenix from the ashes.
. If have you enjoyed our guide and it helped you to learn anything at all, we would really like to invite you to our humble, communist Discord server.
The Trademart is a CS:GO trading server with knowledgeable, active members and a relaxed, friendly atmosphere.
We also offer useful features, such as getting your screenshot by simply posting an inspect link in a channel or checking your inventory value with a simple command.
We host high-value giveaways on a weekly basis, that take virtually nothing to join.
Community challenges! Draw, write poems and win prizes.
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