Olymp Trade Nigeria binary options broker Review

The olymp trade was established in 2014 and it is one of the most reliable options for online traders because it has been certified by FinaCom. They have a background similar to z Russian broker but they are poised to serve their customers around the world.

The olymp trade is different from all other brokers around the world because of their low entry requirements. The olymp trade is a simple system that features a lower trading values as well as fewer assets. Trader on olymp can commence trading with amount as low as $10 deposit and also with trades having minimum value of $1.

Types of trade and payouts

The Olymp trade proves to be one of the most simplified trading system when we take their low entry requirement into consideration. Olymp trade offers just one type of trade which is known as the basic call/put or High/low option.

  • High/low option

This is a great chance for beginners because it provides them with a limited amount of assets and are limited to high/low option with a minimum deposit of $10. It enables beginner to limited their option for effective trading. As a beginner all you need to do is to choose your asset as well as currency pairs and commence trading $1 forecasting the rise or fall of the asset by the expiring date.

Account Types

Olymp trade is more focused on the entry level options therefore; it does not offer a wide range of account types like other brokers. The olymp trade offers two account the standard account as well as the Demo account. Both account are very simple and straight forward to sign up.

  • Demo account type

For those that want to get themselves familiarized with the olymp trade platform, the demo account type is great choice for them. When you register, you will start using the virtual money straight away. The Demo account is very essential for first timer and also for those changing over to the olymp trade platform and looking for a way to get used to the platform before committing their funds.

  • Standard Account type

This is the second account type offered by olymp trade. With this account, you can start your real trading. You need just $10 to open this account and you will have instant access to demo account with $10,000.

Mobile trading

The olymp trade has a trading platform that is very responsible and it is available for iOS as well as android devices.  you can always get the application on App store and the Goggle play.

Deposit and withdrawals

Deposit on Olymp trade includes the followings:

  • Credit and debit cards
  • Bank wire transfer
  • Skrill
  • Neteller
  • Contact 24 and others

To withdraw, you must be sure that your trading account has been authenticated to avoid problems when withdrawing.  When you request for your funds, your money will be transferred to your card within 1-5 business days.

Customers support

Olymp trade has a great customer support system. Traders can reach them via phone calls, e-mails or live chats.