OlympTrade is a new broker for binary options trading. They use a custom trading platform for binary options trading, offering trades for as low as $1.
To review OlympTrade, we first looked at their trading platform. We see that they’re using a custom platform that is very simple to use. It offers binary options for over 65 assets, including Bitcoin, SGD, MXN, and RUB.
One can pick an expiry time from 1, 5, 10, 15, 30, 60, and 90 minutes, 3 or 8 hours. You can also set your own expiry time. Profits for successful trades are up to 80% depending on the asset. And trades can be made for as low as $1.
There are many signal providers available on this platform for traders to utilize.
Auto Trading Robots
If you saw an advertisement for a “special system” that can auto-trade on your behalf, and make you thousands of dollars per day. It’s a scam!
If you want a real Auto-trade robot, then use one that lets you choose your broker and set the controls like these robots.
It’s very important to read a brokers Terms & Conditions policies very carefully before opening an account. Accepting a bonus will almost always put a restriction on your ability to withdraw money from your account. Find out more about this by reading the common customer complaints in our forum.
OlympTrade offers a free Demo account. The minimum deposit for a real account though, is only $10.
Did you know that there are over 240 active brokers currently in operation? Why not have a look at these other popular brokers. Maybe you’ll find one that you’ll feel more comfortable trading with.
If you want to know if a broker is a scam or not, look for a regulatory license. A legitimate broker will have a license from their government’s financial regulator. For example, CySEC of Cyprus, ASIC in Australia, and MAS in Singapore give licenses to brokers who are in compliance with their regulations.
OlympTrade is operated by a company named: Smartex International Ltd. Their address is at: 103 Sham Peng Tong Plaza, Victoria, Mahe, Seychelles.