Comment on Olymp Trade
★★★★★1 / 5Initial 1-star scoreReference #1499
<p>The company has its own benefits and shortcomings. Let’s figure out what they are.<br>
Positives: 3 modes of trading(fixed, forex, stock), great number of assets(currency, stock,crypto etc.), low market entry threshold(trading starts from $1), no commission deposit\withdrawal, highly intuitive mobile trading app.<br>
Negatives: offshore regulation( St. Vincent & the Grenadines).<br>
I think the most controversial point is Fixed Time Trade(FTT) that is used here. But if you think about it, you analyse the asset in conventional forex trading anyway and you know where the currency is heading toward. So there’s not much difference between these two. At least you can switch between 3 of them to see what’s the most profitable for you.</p>
Replies 1
<p>Oh, I also found origins of offshore to be alarming. But then I looked into it in detail and realized it’s normal.<br> Broker has other licenses. Here’s what I found:<br> They have FinaCom membership. It’s international financial commission. They control brokers. Checks quotes, helps if something happens.<br> Looks safe.</p>
Open reply #1500 →