Olymp Trade is a platform of international trade in the online trade of 2014, customers in the world, and in the market, which is transparent sea trade Forex and affordable to everyone.
Olymp trading is one of the most popular trading platforms that are online. Here, people invest
less amount of money and earn huge money.
Many people ask is Olymp trade profitable and legal? The answer to this question is no. It is illegal in India as it is not controlled by RBI or SEBI. So, if as a trader you face any issues regarding your collections or transactions then the Indian Government or regulatory bodies will not be able to help you.
Also, Olymp Trade is not regularized or recognized by financial bodies in India. Many banks also ask you not to deal with this kind of platform. Hence, it is not recognized by the Indian Government. So, it is not legitimate to use this kind of platform in India.
If we talk about the profitability of the Olymp trade then many people say that invest less and make more money. But it is not profitable in the long run to use this platform to make money as it is quite risky and not safe.
The website allows users to make their free demo account and practice their strategies. These strategies can be implemented at the time of real-time trading.
The investment can be done in many ways but the website keeps you uninformed about its decisions of investment. That is not a safe option as it is your hard-earned money. So, it is not a safe and quite risky form of trading.
So, we have concluded that it is not profitable and legal to do Olymp trading in India. Rather it is quite risky and you have the high chances to lose your hard-earned money as it is not a regulated one.
How much money can you make trading forex, have you ever thought? You can make a huge amount of money by doing the trading and investing money in the regulated markets that are recognized by the Government.
Trading customers can be placed on the Forex demo: the card is free and the balance is recoverable with 10,000 display units. Experienced traders have the option to switch to VIP status with a USD / EUR 2,000 deposit and access exclusive strategies, a personal account manager, and many other benefits.
Other business terms include a competitive and transparent media fee for the employment opening and an exchange fee. Not if they will charge commissions for closing. There are no additional costs to the merchant when depositing or withdrawing money, as they are paid by Olymp Trade.
To finance your account, you must select the deposit section on your dashboard and complete the payment method and the deposit amount.
If you withdraw your funds, you must send a withdrawal request to your panel. The best way to get back to 5 of the following locations is the Olymp Trade website. Many customers complain of slow or non-existent withdrawals included.
The forex trading legal in India is assured but the Olymp trade is illegal and non-profitable in India. It is not recognized by Indian financial bodies. So, don’t go for Olymp trading.