OLYMP TRADE BRUNEI – A DETAILED REVIEW
For online trading in Brunei on Fixed Time Trades, OLYMP TRADE BRUNEI is a leading name in the industry. It complies with the regulations of the International Financial Commission. Olymp trade Brunei accepts investors from most of the countries, including Brunei. They have their own custom-built modern, advanced, and most user-friendly trading platform. The trading platform is quite suitable for professional traders and beginners. While trading with Olymp Trade, you can trade Fixed Time trades lasting for 30 seconds, 60 seconds, and up to 5 minutes with a payout of up to 90%. Trades with an expiry of up to 3 hours are also available on the platform. In addition to Fixed Time Trades, the platform also offers Forex and CFD trading on hundreds of assets, which include Forex, Commodities, Stocks, and Indices. One of the most talked-about assets of the modern days, the BITCOIN, along with other major cryptocurrencies, is also available for trading. You can find more details about Olymp Trade and its features in this review.
FIXED TIME TRADING – OLYMP TRADE
Fixed Time Trades are one of the fastest ways to trade online in the financial market. Olymp Trade platform brings you several assets for trading in the financial markets. The platform is easy to use and has built-in analysis tools to help you make better trading decisions. You can switch to Forex Trading and Fixed Time Trading trading easily within your account and make use of all the opportunities in the market.
The payout for Fixed Time Trades with Olymp trade is up to 90% for a winning trade. The lowest investment amount is $1, and you can start trading with an initial deposit of $10. Don’t hesitate to sign up for a risk-free demo account and try all the features of the platform for free. Trading in a Demo Account enhances the trading skill and helps you build confidence to trade in the live market. Hence, learn and practice your analysis, risk management, and money management in the risk-free demo account, before trading with real money.
- Year Founded: 2014
- Minimum Deposit: $10
- Minimum Trade: $1
- Payouts: 92% Max
- Demo Account: Yes
FOREX TRADING – OLYMP TRADE BRUNEI
Olymp Trade has realized the potential and popularity of Forex trading and wants to provide its clients a competitive Forex trading account too. It is one of the few brokers who offer Digital Options and Forex trading in the same account. Olymp Trade provides Forex and CFD trading on Currency pairs, Stocks, and Cryptocurrencies on the MT4 platform. The traders can switch between the Forex platform and the Options platform with a click.
The traders can use the same capital for Forex and Fixed Time trading. The MT4 platform brings limitless possibilities for trading Forex. The assets available on the Forex trading MT4 platform include Currency Pairs, Commodities, Index, and Stock CFDs. Get flexible leverage of up to 1:500 and low fees on each trade while trading Forex with Olymp Trade.
CAN I TRADE WITH OLYMP TRADE IN BRUNEI?
Olymp trade provides Fixed Time Trades, Forex, and CFDs trading; you are free to trade any available trading instruments. Yes, you can trade Fixed Time Trades and Forex with Olymp Trade in Brunei. Fixed Time Trades have a payout of up to 90% for each winning trades.
IS OLYMP TRADE LEGAL IN BRUNEI?
Yes, trading with Olymp Trade is legal in Brunei. Olymp Trade is a legitimate financial trading platform having its registered address at James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent, and the Grenadines. It complies with the Financial Commission, which guarantees up to €20,000 indemnification amount if a dispute is resolved in favor of the trader.
OLYMP TRADE BRUNEI – FUND DEPOSIT AND WITHDRAWALS
The traders from Brunei can deposit funds using Credit or Debit cards with VISA or Mastercard logo. The other funding methods available are e-Wallet services like Neteller, Skrill, WebMoney, Qiwi Wallet, Yandex, Fasapay. If you face any trouble while depositing funds, you can always ask for help from customer service. The traders who deposit within one hour of registration get a bonus deposit of 100%.
The traders can withdraw funds from the Olymp trade account after verifying the account. The verification process is the international regulatory requirement to prevent money laundering and illegal financial transactions. After successful verification of the account by providing Identity and Address proof, the traders can request fund withdrawal. The initial amount can only be withdrawn using the same channel as it was deposited. The traders can withdraw the profit amount using any of their favorite payment channels. Withdrawal to bank accounts, bank cards, wire transfer, and e-Wallets are possible.
HOW DO YOU OPEN ACCOUNT WITH OLYMP TRADE
To open an account in Olymp Trade, you need to follow the following steps. It is elementary to gain access to a trading platform and start trading. This section will explain exactly how to do this.
First, you need to sign up for the broker’s website or use the registration form below. Once you enter your personal details, you can access the trading online platform. Now, Olymp Trade allows you to use the platform in a free demo account or start by depositing $ 10 real money. After that, you can trade with real money without complete verification of your account. We recommend doing this first.
After signing up here, you should fill in your account details (see image below). This means you confirm your email address and phone number. It is important to use your original data because brokers may need different documents for further verification. Once trader have set up their account they can start trading on the platform.
Open your trading account step by step:
- Sign up with Olymp Trade
- Verify your email
- Verify your phone number
- Complete your trading account profile
- Start trading
OLYMP TRADE ACCOUNT TYPES
There are three statuses for the Olymp Trade accounts, depending on trading activity and deposit amount. They are Starter, Advanced, and Expert. The higher the account status the better are the benefits. The Advanced and Expert accounts enjoy a higher payout of up to 92%, risk-free trades, and priority fund withdrawal processing in addition to tons of other benefits.
All the accounts get the Starter status by default and require a minimum deposit of $10. The Advanced Accounts require a deposit of $500 or more, and the Expert Accounts require $1000 or more deposit.
The Starter Accounts can get higher status after earning the required experience points too.
WHAT IS BEHIND OLYMP TRADE? – COMPANY FACTS
Olymp Trading platform has been operating since 2014 and accepts international traders. The Broker’s Website is owned and operated by Industries Ltd., located at James Street, Kingstown, First Floor, First St. Vincent Bank Ltd. Building. The agent is Walfort Limited, situated at KPMG Center, 1st Floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus. These companies are entirely legal and officially registered.
The online broker offers options trading and forex trading on a multi-functional trading platform. We can see on their website that brokers and platforms have received many awards from other organizations and websites for being reliable and professional. Also, Olymp Trade is the sponsor of the LCR Honda team at MotoGP 2019.
The trading company has an excellent track record and more and more traders want to trade on their trading platform. As a result, Olymp Trade is growing rapidly and is currently the fastest growing online broker worldwide. Olymp Trade is very popular due to its easy access to financial markets through the platform. In addition, trading here is very comfortable which we will prove in the next section.
More than 25,000 users are trading on the platform every day and the number is growing. With more traders, the number of payouts and traders increases every month. Overall, Olymp Trade pays its clients more than 13 million per month. As an international broker, traders receive international support in 8 different languages.
In conclusion, Binary Options broker Olymp Trade is one of the most popular online trading platforms. It is elementary and comfortable to invest in financial markets. In addition, the company has got an outstanding track record and is trusted by many organizations.
IMPORTANT VERIFICATION PROCESS
The legal verification process lasts only a few minutes. This is very easy to complete the account profile. As mentioned earlier, you need to confirm your email address and phone number. In the image below, users can see the Account Dashboard. Olymp Trade accepts users to trade without verification and complete profile, but we do not recommend doing so.
If you trade with high order volumes or make large transactions, the broker may request more documents from you. It could be a photo of your passport or a utility bill. Brokers do this to fight money laundering. Again, this is nothing special and a well-known process that 99% of Forex brokers do.
FREE OLYMP TRADE DEMO ACCOUNT FOR EVERYONE
Olymp Trade provides a free and unlimited demo account for its traders as a professional broker. Overall, everyone can use this account from anywhere. No real money deposit is required. On the other hand, a free demo account is a practice account filled with virtual money. Brunei users can use the platform without risk and try new strategies or markets to trade. This is a best way to learn more about software.
The demo account is filled with 10,000 USD and you can switch between demo account and live account with one click. See how you can do this in the picture above. Also, the demo account is unlimited. That means you can deposit virtual money into the account if you make a loss.
We recommend that every user try out a demo account first. It is very important to gain knowledge about trading platforms and financial products before you deposit real money. The Olymp Trade Free Demo Account is the best way to improve your trading skills and it is a useful tool for online trading.
DEMO ACCOUNT VS. REAL MONEY TRADING
Another thing to prove is the execution of the order. Order execution should be the same in live account and demo account. As a professional trader, we can tell you that there is almost no difference between placing orders in a demo and live accounts.
WHY YOU SHOULD USE THE FREE DEMO ACCOUNT:
- Learn about the trading platform
- Learn how to trade financial products
- Develop new trading strategies
Try out new markets and assets
FREE OLYMP TRADE BONUS IS AVAILABLE
Olymp Trade provides bonuses for traders. The olymp bonus can be up to 100% of the deposit. For every new users, there is a unique offer of first deposit bonus. Olymp Trade doubles your deposit for free. In addition, you can get a higher bonus on more deposits (see image below).
Users can use the bonus to make an extra profit. This is not possible to withdraw the bonus amount but you can increase your profit by the bonus amount. There are no restrictions on your trading account and no account balance is blocked. This is a new type of bonus compared to other bonus offers from other brokers.
Whether or not the bonus can be activated. After you activate and deposit the bonus you will receive an additional bonus balance in your account. Remember, you cannot withdraw bonuses.
In conclusion, Olymp Trade Bonus is a very good program for any trader who wants to trade with more volume in the market. It’s totally free and there are no restrictions on your account. It has only benefits and we recommend taking free bonus.
OLYMP TRADE BRUNEI – THE ADVANTAGES OF THE BONUS:
- Up to 100%
- Free deposit bonus
- No restrictions or account balance blocking
- You can not withdraw the trading bonus but the profit
- Fair conditions
ARE THERE OLYMP TRADE FEES?
Surprisingly there are no fees for deposits and withdrawals. This is a huge advantage over other forex brokers. You can make unlimited money transactions for free. In addition, for options trading, there is no fee. Only when uers trade Forex there is a trading commission for opening an order.
For an inactive account, there may be a inactivity fee. There is a service fee of $ 10 when you have not traded for 180 days. This fee is applicable only if you have money in your account balance. You need to trade at least 1 in 180 days to avoid service fees.
Fees for traders:
- No deposit fee
- There are no withdrawal fee
- No options trading fee
- Forex trading commission
- Inactivity fee after 180 days (10$)
WHAT CAN USERS TRADE ON THE PLATFORM? – WATCH OFFERS FOR TRADERS
The traders can trade options or Forex on the trading platform. These are two different financial products which we will discuss in detail in the next section. Users can invest in these financial products in over 200 different markets. Currency, cryptocurrency, stock, ETF, index available.
In the menu, you can choose the market of your choice. You will see changes and rate of return within 24 hours. It is also possible to save favorites. The rate of return (yield) for a fixed time trade can be up to 92% +. It is essential to know the regular trading time of your assets because the yield will be higher.
The platform works 24/7 and can be traded on OTC assets or cryptocurrencies over the weekend. Surprisingly on the platform, you will find many different cryptocurrency resources Traders can make a huge profit because the volatility in these assets is very high.
In conclusion, if you search for short-term or long-term investments, you are absolutely right on this platform. Olymp Trade provides the trader with any market and financial product required for his profit.
OLYMP TRADE BRUNEI – MOBILE TRADING (OLYMP TRADE APP)
Another important thing to check with a reliable online broker is the mobile app. Successful trading requires the occasional use of a mobile phone. On the other hand, many businesses prefer to do business with smartphones or tablets instead of computers. We’ve fully tested the app and we’ll show you our reviews in this section.
Olymp Trade’s mobile app is available for Android and Apple (iOS) devices. Also, you can use a tablet to trade. You can download and install the app in 1 minute from the App Store. In the image below you will see a live screenshot of the app.
It is similar to the web version, the Olymp Trade app has the same function and offers for trading. There is not so much difference between desktop and app. You can use analytical tools, indicators and chart types for trading.
The advantage of mobile app is that you can connect with your portfolio at any time. You need a smartphone to access more than 200 different markets. Also, order execution is as fast as the desktop version. After all, the mobile app is another reason why Olymp Trade is so popular.
SAFETY & SECURITY – IS OLYMP TRADE SAFE?
Olymp Trade employs advanced safety features to ensure the traders’ financial data protection. Users can use eWallets to fund their accounts. It means no need for them to provide their banking information.
The fund deposits with VISA and MASTER CARD go through highly secured and encrypted processing methods. Hence it is safe to use your cards on the Olymp Trade website. Olymp trade keeps the client’s funds segregated in European Banks.
Olymp Trade complies with International Financial Commission identifies Olymp Trade as a Category A broker. It assures monetary compensation up to €20,000 if the decision of the authority on the dispute is not voluntarily executed by a member of the organization. It is safe to trade with Olymp Trade as per the analysis of our team members.
FIXED TIME TRADES TRADING TUTORIAL:
Many traders are asking how to make money on the Olymp trading platform when it comes to trading. As mentioned earlier, you can choose between fixed time trading and forex trading in the menu. One of these two financial products can be changed with one click. In the following sections, we will discuss how to trade on the platform and how it works to invest money.
Fixed time trade (Wikipedia) is very popular because it is easy to understand how it works and you get 50/50 chance of making huge profit up to 92% +. Just select or choose a market or asset for your analysis and investment. Make a prediction of future price directions. You can choose an expiration date when the contract expires. At the end of the option, the price must be below or above the strike price (entry point). You can trade on both sides (up or down).
There are only two options. You can lose the amount of investment or win high yields. Know all the conditions before you start trading. Overall this means that your hit rate must be more than 50% or your investment will double when you lose a trade. You can make a lot of money using an asset with a high return on investment.
Minimum investment 1 $ per trade. You can choose the expiration date of any trade. It is possible to trade short term and long term. The minimum expiration time for a fixed time trade is only 60 seconds. This is why broker options are so popular. The traders can make a lot of money on the horizon in a short time and the market will go only 1 point from your predicted direction.
OLYMP TRADE FOREX TRADING TUTORIAL
There are some differences between these 2 financial products. The primary difference between Forex trading and fixed-time trading is that with Forex trading you can make more profit if the price goes higher towards you. Profits are limited with options trading. Forex trading means you can make an unlimited profit or loss.
For all the scary traders, you can’t borrow on the platform. The broker will automatically close your trade. It is possible to set profit and loss limits through forex trading by take-profit and stop-loss. For example, you invest in one currency and sell another. If the price goes up, profit can be made. Also, short trading is possible because you always trade 2 different currencies in one currency pair.
Forex trading is a leveraged trading. Its means you trade with more money than you own. The maximal leverage is 1: 500 and you can clearly see this on the trading platform. Forex trading requires leverage because there is very little volatility.
Summary of forex trading:
- Select the trading market users want to trade
- Make a forecast and analysis of the chart list
- Select your investment amount
- Set the stop-loss and take-profit
- Start your trading
- Select the trade whenever you want with profit or loss
OLYMP TRADE EDUCATION CENTER AND FREE WEBINARS
Olymp Trade provides a very good service for its traders. There is a huge learning center with learning materials. You can learn about each indicator, the news and the strategy and analysis. There are over 318 different videos for traders. New users should be very comfortable with the mass of education.
You can join the webinar to get more information. They are made by a professional trader and are free to join and live. Webinars cover a variety of topics, such as strategies or new traders tutorials. In addition, user can ask questions and chat with other traders.
OLYMP TRADE BRUNEI – CONCLUSION
Olymp Trade trading platform has an easy to use interface that makes trading very easy. The traders can use built-in indicators and analysis tools and make better trading decisions every day. The free trading signals of Olymp Trade quite informative and helps trading better. Forex trading on an MT4 platform makes it even more useful for a trader. Olymp Trade supersedes our expectations on trustworthiness, safety, and security of funds, transparency, and customer service. Hence we recommend Olymp Trade Brunei for seamless online trading experience. Check out the list of Fixed Time Trades Brokers and Forex Brokers in Brunei.