Trade Binary Options in Pakistan with OlympTrade

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Olymp Trade Review 2020 – Is Olymptrade.com Scam or Legit?

Name Olymp Trade Review 2020 – Is Olymptrade.com Scam or Legit?
Founded 2020
Legal Entity Smartex International Ltd
Turnover 82%
Minimum deposit $10
Bonus up to 100%
Full Address Seychelles, Victoria, Mahe, 103 Sham Peng Tong Plaza
Phone 8 (800) 555-45-62
Regulation CRRFM
Site visit site
E-mail [email protected]
Visit Broker

Olymp Trade is a reliable broker that has grown exponentially mainly because of its simple, yet powerful, approach to trading binary options. We carried out an independent review of Olymp Trade to assess its services and features, especially whether it’s worthwhile for trading. Here are the key things we found out.

Regulation

Olymp Trade’s website is owned and managed by a company called Smartex International Limited. The company is registered in Seychelles under registration number 144540. The broker’s payment transactions are handled separately by a company called Frandom Holdings Ltd, which is registered in Cyprus under Registration number HE331286.

Olymp Trade is regulated and certified by the Financial Commission (FinaCom PLC), which affirms to its commitment to delivering high-quality services and meeting traders’ needs. With this certification, the broker guarantees safety of deposits and prompt resolution of issues. For example, in case Olymp Trade takes part in a fraudulent activity, a trader is guaranteed up to $20,000 in deposit compensation.

Because of its reliability, the broker has earned various industry awards and recognitions, such as, the Le Fonti 2020 Awards in the “Binary Options Platform of the Year” category. Therefore, because of the above reasons, we can confirm that Olymp Trade is not a scam broker.

OlympTrade Trading Platform

OlympTrade offers a web-based trading platform that is simple and interactive to use. It is equipped with extensive tools and resources to assist traders succeed in binary options trading. For example, you’ll access accurate analytics on the recent market events to help you make profitable trade decisions.

Demo Account Olymp Trade

If you want to learn the intricacies of the market without risking hard-earned money, you can train on the free demo trading platform. With the demo platform, you can sharpen your trading skills before venturing into the real world of binary options.

Furthermore, Olymp Trade provides a mobile trading platform, which you can download from either the Google Play Store or the Apple App Store, and enjoy limitless trading from your smartphone—anywhere, anytime.

The platform has two main types of binary options:

  • Classic options: Are called UP-DOWN trades, and gives traders an easy way to make profits.
  • Time options: They give traders a time-based and convenient way to participate on an active market.

Assets and Payouts

In our Olymp Trade review, we noticed the broker offers a wide range of financial assets to cater for the varied interests of traders using its platform. It has about 70 assets for trading, which have been grouped into four main categories:

In terms of payouts, Olymp Trade offers up to 90% maximum profitability on successful trades. Finding brokers with such high payouts in the industry is rare.

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Deposits and Withdrawals

Opening a trading account with Olymp Trade is simple and quick—it takes no more than 3 minutes. On the broker’s homepage, click the ‘Start Trading’ button, and you’ll be redirected to a simple registration form to provide your personal details. After completing the form and submitting the necessary identity documents, your trading account will be setup.

For making deposits, Olymp Trade has various trusted payment methods, including VISA card, MasterCard, Skrill, Neteller, WebMoney, Yandex, and Qiwi Wallet.

The minimum deposit required is 10 currency units (either USD or EURO). You will also get various lucrative bonuses, including welcome bonuses, on-pay bonuses, or promo code bonuses.

If you want to make a withdrawal, the broker will start processing within 30 seconds of receiving your request. We found this to be much faster and simpler than those of other brokers.

Olymp Trade Customer Service

Olymp Trade has a team of more than 20 specialists, who are sufficiently trained to offer quality support in different languages, including English, Thai, Indonesian, and Russian. The broker’s support department is always available 24/7 by phone, online chat, phone, and social networks.

In addition, since the broker aims to ensure traders enjoy successful and stable trading in the binary options market, it provides a rich set of learning materials, including webinars, interactive courses, and trading strategies.

So, whether you are a novice or an experienced trader, you’ll find sufficient resources to deepen your knowledge and become effective and profitable trader.

Pros

  • Trustworthy broker
  • Focuses on simple and fast trading
  • Demo account available
  • Convenient payment methods
  • Secure trading conditions
  • Low minimum deposit requirement
  • High payouts
  • Wide range of trading assets
  • Mobile trading available
  • Comprehensive learning materials
  • Multi-lingual 24/7 customer support
  • Analytics available
  • Fast withdrawal process
  • Bonuses and trading contests available

Cons

  • U.S. traders not allowed
  • Limited types of binary options
  • Regulation from a reputable licencing authority like CySec missing
Broker OlympTrade
Website url olymptrade.ru
Founded 2020
Trading platform Custom made platform
Minimum first deposit $10
Minimum trade amount $1
Maximum trade amount $5000
Bonus FREE DEMO ACOOUNT
Payout 82% for Standart, 90% for VIP accounts
Free demo account
Regulated
Regulation Regulated by FinaCom
Account types Standart (10-2000 USD Deposited), VIP (2000 + USD Deposited)
Account currency USD, EUR, BRL
US Traders allowed
Mobile trading
Tablet trading
Overall Score 97/100

Conclusion

Our review of Olymp Trade has revealed the broker’s presence in the industry is useful. The broker’s award-winning trading platform, emphasis on quality service provision, and provision of reliable trading conditions are contributing to the development of the binary options industry. If you want to take your trading a notch higher with a simple, efficient, and trustworthy broker, then Olymp Trade should be your most preferred choice.

Range of Services

Your Rating

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For me olymp Trade was a great solution because they have a normal mobile app, I like that I can not miss important events, even if I have a busy day, it gives me strength.

Regulated, with excellent reputation and many assets. That’s all about Olymp Trade. Brokerage is regulated by Finacom, reputation is good (just check reviews), assets are divided between two categories – Olymp Trade Forex and Olymp Trade Options. I don’t know what else people can demand, I think that’s enough to be good choice.

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I’m with Olymp Trade for long enough to judge it. Broker is good cause of some things: 1. Education If you’re new to trading, that’ll be extremely convenient, as you can learn trading directly with brokerage with no mess and need to seek for education wherever. 2. A lot of assets Digital and currencies are presented there, as well as some commodities, extremely good 3. Fast withdrawals 4. Good reputation 5. Strong regulation Olymp Trade is regulated by IFC, so your funds are protected

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People have lost so much in binary options, Traders have failed to withdraw your funds and profits made from binary options, failed to use the right strategies when needed, failed to engage with the right broker, not giving their trade a break, also having too many trading accounts which is one of the cause of their lost of funds, deposits of too low or too high amount of funds and most especially, not being able to present the full history of their trade when trying to withdraw their funds and their profits. If you are out there and having problems such as these or you are a beginner, or for a good reason need to raise your standard of living or you have been scammed or you have problems withdrawing your funds and profits made from your recent trades contact me via [email protected] for more info and special guidelines

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These people cannot process a withdrawal I invested $45,579.00 with the broker wise banc and won a bonus of $156,834.000 I wanted to make a withdraw and they can’t process it, I have been trying to get my money out since mid- July 2020. I have given them all my banking information: routing number, acct number . and they cannot manage to produce the withdrawal. I kept getting messages saying they are working on it, I wasn’t able to withdraw my money from the account, thought I was not gonna see this day but God so kind. I was able to get solution to my withdrawals issue with my broker wise banc with the help of a recovery expert Mr Gregory jason, whom was recommend on the broker reviews, who helped me recover my funds including my bonus, I would not trust wisebanc to ever make my withdrawal go through so I had to seek help elsewhere and they already closed my account. They seem dishonest, I am happy I could get back my money from them, I advise everyone out there to be very careful with the brokers they invest their money with, in case you are reading this and you are already a victim of this fake binary broker, there’s still hope to recover your funds, feel free to reach out to Mr Gregory jason via his email address:[email protected] and he will guide you on a simple step to take and get back your investment. Good luck

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I have gotten back all my lost fund and bonus from CFD stocks, olymptrade and iqoption . They stocked all my trading capital and deprived me access into my account for over two months now after I’ve invested $950K with them, my hard earned money. Thought I was not gonna see this day, but as God may have it, today I’ve got back all my money back for real. I will forever remain grateful to God. If you’ve been locked out from logging into your binary option trading account or you are unable to make withdrawal from your broker account, maybe because your broker manager is asking you to make more deposit before you can place a withdrawal and If you have lost a reasonable amount of money to an untrusted broker, kindly contact me now true my gmail [email protected] assistance on how to make a withdrawal freely and easy as well as recover all you lost funds.

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HOW TO RECOVER LOSS FUND FROM BAD BINARY OPTION Do not get involved with this outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Empire option.Do not waste your time and money on this scam company. All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional. Their so-called “advisors” are pieces of garbage. Sebastian and Federico Demczylo are liars. They’ll promise you anything to get your deposit. Then forget about trying to contact them, not to mention to make a withdrawal, you will never get your money. In these kind of cases with the fake broker over the internet my advice if you have already invested with those liar,call them back and get a refund which am guessing you have already tried.In this i will advice to get in touch with jian.fang at yandex ,com he’s been very helpful to the society by recovering stolen funds from all this fake broker.

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Lost thousand of dollars trading binary option throu Redwoods Options , couldn’t withdraw my investment not to talk of my winnings. I had to hire a refund solution professional from binaryoptionrefundnow(at)(Tutanota)(dot)(com) they recovered (80% of my investment) happy to help other traders going through this. binaryoptionrefundnow(at)(Tutanota)(dot)(com)

My experience with scam brokers is nothing to write about. I opened an account with HQBroker and some other brokerage company by seeing an add. I decided to give it a try by registering and as soon as I completed my registration, they called me to activate my account by depositing $250 and after some tradings making me believe i had made profits on my starting amount of $250, then the account manager assigned to me to handle my trades called and convinced me to deposit 5000 EURO using my credit card(XX31-XX05-XX48) and started placing trades with screen sharing, for the first few trades, profits were made but was told i couldn’t withdraw yet. Later he said we will make account 20K EURO in few days only, then made me place some trades on so many things that made my account go to ZERO balance all of a sudden. I was told before this to safeguard my account which led to depositing of more and more funds. I lost the first shot of 20k EURO which was all paid using my credit card and my friends cards as well. They make me believe and assumed there was no luck for me with my present account manager so another account manager was assigned to me calling and telling me we will put in the recovery plan, I believed again and lost much more to him and just like that i got 3-4 account managers changed all in the name of recovery. All together I lost all my money exactly 150,000 EURO. At this point I had family bills to pay and also my kids school fees so I was devastated and in need of a help somehow. It’s a lot for me to let go and I invested a total of 150,000 Euro; they only tried to pull a fast one and put a bag over my eyes claiming that my investments had been lost on bad trades. Lucky for me and unluckily for them, earlier in the week i saw an interview on TV about how a woman who had been scammed 4 times by binary options and was only happy to share his story cause she got it back by filing a complaint to [www]recoverycircle .EU|, so i looked them up and also reported to them and i can really say their help came handy in getting all my 150,000 back along with profits and damages. Recoverycircle . Eu> .

Olymp Trade | Tips For Winning on Fixed Time Trades

Here’s the truth: Most Olymp Trade Fixed Time Trades – investors don’t get to earn immediate returns on their short trade investments.

Most people lose and end up quitting.

In fact, a recent study has shown that only 25% of traders end up making profits. And that’s if there is consistency in their trading habits — for a period not less than 5 months.

The same study reveals that in order to have long term success, a trader has to be correct 54.5% of the time.

Do you think that’s a winning percentage you can crack on your own?

I’ll assume you find it difficult. Else, why would you be reading this post?

To increase your wining streak?

Lucky for you, I have been a live account trader longer than you have been trading on your demo account.

And for that reason I have discovered countless-uber-useful-strategies that should guarantee you a new wining percentage. An 80% win. If not 95%.

But hey, who doesn’t want to be right 80% of the time when they can’t even maintain a 54% correctness?

In this guide I will teach you how to make money with Olymp Trade. But first let’s understand the basics because understanding this product goes a long way to determine if you will get your invested money back with profits. Or if you will continue to loose.

And I doubt you want to continue investing and loosing.

What is Olymp Trade?

Olymp Trade is a platform for trading in the financial markets.

Anyone who wishes to engage in online investment can trade with either Olymp Olymp Fixed Time Trades or Olymp Trade Forex.

These are two separate accounts with totally different interfaces.

To further understand the products in their simplest forms; let’s define each — in separate means. So;

What is an Olymp Trade Fixed Time Trades Account?

An olymp trade account is the simplest and the most used trading account.

If currently you are trading with the Olymp Trade platform then there is a great chance that what you are using is an olymp trade options account. (this doesn’t answer the question?)

If you don’t already have an account and haven’t seen the interface yet; then know that an Olymp Trade Fixed Time Trades account is the interface used to make option deals which are either: –

1) Based on time duration (from one minute to several hours)

2) Based on expiration time from 1 minute.

Do you want to open an Olymp Trade Fixed Time Trades Account? Visit the Olymp Trade Website.

How do Forex Accounts Work?

Olymp Trade Forex Accounts are used to open long (hoping the price will go up) or Short (hoping the price will go down) positions at the current price with an unlimited duration of the trade.

There is no spread (the difference between buying and selling) but you’ll have to pay a fee when executing trades or if you hold them to the next day.

Learn How to Trade Forex lest it be you this meme imitates.

If I Get This Strategy Right; How Much Will I win?

The overall investment returns in Olymp Trade depend on very many different factors.

1) Your Account Type

Olymp Trade has two different account types. The Standard Account and the VIP Account.

a) To activate a standard account in Olymp Trade, make a minimum deposit of $10 and yay. You got yourself an active account with the following benefits:

1) 82% maximum yield.

2) $1 minimum deposit.

3) $2000 maximum trade amount on different assets.

4) $20,000 maximum trade amount on different assets.

5) Withdrawal fees — no fees charged.

Learn how to trade with $10,000 free demo credits: — Create a Standard Account With Olymp Trade.

To gauge how much you can win with your standard account, multiply your investment amount by 82%. Example if you invest $100 your ROI will be $182.

b) On the same breath, you can deposit a lump sum of $20,000 or more to activate a VIP account and get these benefits.

1) An increased return on the assets; that’s a 10% higher return than that of standard accounts.

2) An increased maximum trade amount of $5000.

3) A personal VIP consultant who provides support (teaching you online trading strategies).

4) You get daily market review among other privileges.

5) Maximum withdrawal time period of 1 working day.

Remember, you can still trade with $1 or make $10 minimum deposits after becoming a VIP.

To gauge how much returns you will earn on your investment — multiply your investment amount by 92%.

Example — If you invest $1000 your ROI should be $1920. In like what? A minute trade?

How Kenyans make so much money with olymp trade.

How to Maintain a Consistent Winning Streak in Olymp Trade.

While most traders assume that there is no guaranteed way of maintaining a consistent win with Olymp Trade; I say they haven’t traded long enough to know that the opposite of this statement is true.

Else why would this company have their average payouts increase by 7% each month? Why?

Tell you what, huge payouts like what we see in the platform’s data for the month ended ( $ 7 969 557) only proves one point.

So many traders are wining.

The $ 148 071 562 trading volume yet proves another point; thousands of investors trust Olymp Trade Fixed Time Trades and Forex so much as to execute repeat trades.

And if you are not wining with the rest then here’s what you are doing wrong:

1) You Dived Too Soon into Trading With a Real Account.

I don’t blame you. It is human nature to read, hear or see the success of others and want to copy them to get the same success.

But copy paste and over ambition rarely work with Fixed Time Trades.

In fact, you could struggle to make riches all your life only to loose everything overnight because you copied someone else.

It has happened to popular traders like the notorious rogue trader Nick Leeson. The 28 year old who lost $1.3 billion trading and John Rusnak who lost $691 Million in different trade.

But how do profitable traders like George Soros do it?

How did he manage to broke the bank of England in his short trade of 1992? Trading $10 Billion to walk away with an extra $1 Billion in minutes?

Here’s the secret.

Unlike most people who open new accounts and almost instantly deposit real cash to trade on a real account; these people study trends and master strategies before executing trades.

Knowing what to trade and when to execute the trade gives them leverage.

2) You bypassed Trading on a Demo Account.

The reason why all trading platforms create virtual accounts for beginners is to give traders a training platform.

Olymp Trade offers $10,000 Free demo credits.

Virtual cash which when used for initial trades guarantee that;

a) You will have figured out the platform in 10 minutes.

b) Understood the charts and trading principles in 1 week.

And only after picking these two points can you be fit to deposit your cash into the platform and try trading with a real money. (this should be after a month of trading with your demo account).

3) You have not traded longer to start earning real profits.

Now this’s the part that no trader ever wants to hear. But it is the truth. It takes 1 solid year for a consistent trader to begin making stable profits off his account.

Over this period the most laid back trader performs an average of 350 trades with an average deposit of $1400.

How much have you invested into your Olymp Trade so far? $10? Traded 10 times and expect what?

Bruh! Check your head. Statistics don’t lie.

But we can set statistics against itself and still win. And not just win but win so much that you are going to be sick and tired of wining.

Use these Strategies to Keep Wining With Olymp Trade.

To maintain a 95% winning with olymp trade or with any other platform, you need to do the opposite of every negative trading practices that we have discussed in this post.

If you dived in too soon into trading with a real account, why not take some time off; go back to your demo account — figure out the platform which you are using, understand the principles of trading and the charts and only trade when you have understood the dynamics? Click to tweet this tip

If you are into reading, visit the Olymp Trade Education Site to learn more about Forex and Options.

If you are into Videos, Olymp Trade has a variety of trading videos. Visit their YouTube channel for frequently updated webinars, strategies and analytics.

My parting shot — Making the best forecasts with financial markets is easy ( you should already know that if you’ve read my article on — How to Earn 100,000/= Daily in 2020

what’s difficult is, being correct all the time.

And to be honest, we can’t be correct all the time but we can continue experimenting new strategies to be right most of the times.

Olymp Trade Review

Olymp Trade

Broker Olymp Trade
US Traders Accepted
Company Name Smartex International Ltd.
Headquarters St. Vincent and the Grenadines
Regulation No
Max Payout 90%
Out-of-Money Reward 10%
Trading Platform Proprietary
Early Closure
Deposit Options Credit/debit cards, QIWI, Yandex.Money, Neteller, Skrill, WebMoney, FasaPay
Deposit Currencies US dollar, euro
Minimum Deposit $10
Minimum Trade $1
Maximum Trade $5,000
Online Since 2020
Trading Instruments Currencies, stocks, commodities, indices
Number of Trading Instruments 65
Binary Option Types High/Low, 60 Seconds
Customer Support Types Email, web form, live chat, telephone, paper mail
Education Offered Basic articles and presentations on trading and strategies
Tools Offered Economic calendar, trading signals (in-platform), early close, risk-free trades, Heiken Ashi, tick charts
Awards Best Binary Options Platform in 2020 from IAIR Awards
Languages English, Russian, Spanish, Portuguese, Indonesian, Thai
Demo Account Yes, free

Olymp Trade is a binary options broker based in Seychelles and operated by a company called Smartex International Ltd. Brokerage. The site’s services are aimed largely at Russian traders, though traders from around the world are accepted. If you are in the USA, however, you cannot trade on this site. Olymp Trade has its pros and cons, but does have some very nice features, including extremely flexible trade sizes, a demo account, and a completely fee-free structure.

Is Olymp Trade Regulated?

If you look at the Olymp Trade homepage, you will notice there is a prominent tab up on top which reads “Regulation.” This may lead you to think the company is formally regulated by a government agency, but this is not the case.

Olymp Trade is “regulated” by a group calling itself the International Financial Commission. This is a private “external dispute resolution (EDR) organization” (from the Commission’s website) which seeks to provide arbitration in disputes between traders and member providers.

In theory, this may provide you with some level of protection. Assuming the International Financial Commission takes itself and its mission seriously, member providers must operate openly and honestly. Furthermore, if the IFC judges that a broker owes you money and the broker will not pay, the Commission may itself award you up to $20,000 per client. Again, all of this is assuming that the IFC does its job.

Registering, Depositing, and Withdrawing on Olymp Trade

You can register in minutes on Olymp Trade and deposit money to start trading. If you prefer, you can begin with demo trading instead. When you are ready to deposit, you can do so using credit or debit card, QIWI, Yandex.Money, Neteller, Skrill, WebMoney, or Fasapay. The only currencies available are US Dollar and Euro. No account types are listed on the site, but you can apparently be a regular or “VIP” customer. VIP customers may be able to place risk-free trades from time to time, and also can make larger maximum trades ($5,000 instead of $2,000).

You only need to deposit $10 to start trading. Most sites require $200 or more, so this is fantastic if you are just starting out.

Bonuses are mentioned explicitly almost nowhere on the site, though Olymp Trade does offer them. While more transparent information on the bonuses would be nice, it is actually refreshing not to see a hard sell on them. Bonuses come with strings attached, and many newbie traders do not really know what they are getting themselves into when they accept one.

One awesome thing about Olymp Trade is that they do explicitly state that there are no fees or commissions for trading, depositing, or withdrawing. The minimum withdrawal threshold is just $10. You are not going to find friendlier terms than these anywhere.

Trading on Olymp Trade

Olymp Trade operates on a proprietary platform. This platform looks a bit different from SpotOption and others you may be familiar with from trading on other sites, but it is likewise a simple design which you can quickly get used to. The platform is available for desktop and laptop.

In terms of assets, there are 65 in total, consisting of stocks, indices, commodities, and currencies. This is not a very big selection, but you really do not need access to hundreds of different financial instruments to be a profitable trader anyway.

What is more limiting is the fact that there is only one type of trade offered on Olymp Trade at this time. Aside from standard High/Low trades, there is no other way to interact with the market. You cannot place a One Touch trade, a Range trade, a Ladder trade, or any of the others which have become common other platforms.

Note however that Olymp Trade does offer 60 Second trades. They simply are not denoted on the platform as such. Expiry times as short as one minute are offered, however, so if you want to trade fast, you can.

A cool feature on the platform is built-in trading signals. You will find them listed right next to the assets. Their platform is also one of the few in the binary trading industry to offer Heiken Ashi charts analysis. Another interesting feature are the tick charts – they allow traders to analyze short-term price action. This can be useful for binary option deals with very short expiry periods.

If you need help learning to trade, there are some basic articles and presentations in the Education section. This includes some free trading strategies and detailed information on how to apply them.

One thing which is awesome about Olymp Trade is that you can invest just a dollar. You might wonder why you would want to trade so little, but this is actually a fantastic way to transition into trading with real money if you are done with demo but still not ready to invest the full amount you are planning on risking. Traders with very small accounts can benefit from this kind of extended transition. You can work on building up a pile of savings to fund your account while you practice with minimal losses. Once you really know what you are doing, you can start staking more.

Need to get a hold of customer service? The company offers 24/7 help via telephone, live chat, email, web form, and paper mail. No one was staffing the live chat line when I checked on a Monday, which is somewhat concerning, but not unexpected.

Conclusion: Olymp Trade May Be a Great Choice for Beginners with Small Accounts

How trustworthy is Olymp Trade? It is hard to say, given that they are “regulated,” but are not really regulated in any officially recognized sense.

In terms of other advantages, however, Olymp Trade has a lot to offer. On this site, you can start out with a demo account and then trade a single dollar or other small amounts for as long as you need to in order to learn to trade effectively. The total lack of withdrawal fees is also quite incredible. Many other sites will charge you an arm and a leg to withdraw, and will not let you withdraw at all unless you have $100 or more to take out of your account at a time.

So all in all, right now I feel I can give Olymp Trade a cautious recommendation at this point. I would particularly consider signing up for an account here if I was a beginner with a small trading account.

Olymp Trade , 9.0 out of 10 based on 16 ratings

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