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CMC Markets Review
Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of financial products with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.
Top Takeaways for 2020
After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on CMC Markets:
- Founded in 1989, CMC Markets is publicly-traded, and regulated in four tier-1 jurisdictions alongside two tier-2 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.
- CMC Markets is a leader for low-cost trading and Professional Trading, which includes the largest selection of currency pairs in the industry. Our testing also found Customer Service to be excellent.
- The CMC Markets Next Generation platform delivers terrific tools, comprehensive market research, an excellent mobile app, and a massive selection of nearly 10,000 tradeable instruments. And, while limited to just 54 available symbols, MetaTrader is also offered for MT4 preferred traders.
Overall Summary
| Feature | CMC Markets |
|---|---|
| Overall | 5 Stars |
| Trust Score | 99 |
| Offering of Investments | 5 Stars |
| Commissions & Fees | 5 Stars |
| Platform & Tools | 5 Stars |
| Research | 5 Stars |
| Mobile Trading | 4.5 Stars |
| Customer Service | 4 Stars |
| Education | 4 Stars |
Is CMC Markets Safe?
CMC Markets is considered low-risk, with an overall Trust Score of 99 out of 99. CMC Markets is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). CMC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA). Learn more about Trust Score.
Regulations Comparison
| Feature | CMC Markets |
|---|---|
| Year Founded | 1989 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 2 |
| Tier-3 Licenses | 0 |
| Trust Score | 99 |
Offering of Investments
The following table summarizes the different investment products available to CMC Markets clients.
Offering Comparison
| Feature | CMC Markets |
|---|---|
| Forex: Spot Trading | Yes |
| Currency Pairs (Total Forex pairs) | 180 |
| CFDs – Total Offered | 9848 |
| Social Trading / Copy-Trading | Yes |
| Cryptocurrency traded as actual | No |
| Cryptocurrency traded as CFD | Yes |
Commissions & Fees
If trading costs matter to you, CMC Markets has you covered. In 2020, CMC Markets finished Best in Class in this category, thanks to its low spread offering, which is available to all its customer segments and account types.
Average spreads: CMC Markets offers highly competitive pricing, with average spreads on the EUR/USD as low as 0.7 pips and typical spreads of 0.81 pips, according to CMC Markets price data for the month of October 2020.
Rebates: CMC Markets offers liquidity rebates to active traders that surpass at least $25 million in notional trading volumes per month. Liquidity rebate levels range from $5 to as much as $10 per million for those that trade even higher amounts.
VIP accounts: CMC Markets Alpha offering is a VIP account launched through its Australia entity for high-net-worth clients who have $3K in commission spend or have more than $2.5m in holdings.
Guaranteed Stop-Loss Order (GSLO): CMC Markets offers GSLOs, which, as its name implies, guarantees the stop-loss order rate clients choose when setting risk thresholds on their positions. There is a premium for using the GSLO – for example, $8 per 100,000 units using the EUR/USD, and the GSLO also affects the prime margin, which is the amount at risk specified in the GLSO based on the rate chosen. Most brokers charge for GSLOs, although if not triggered, CMC Markets refunds this cost automatically.
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Fees Comparison
| Feature | CMC Markets |
|---|---|
| Minimum Initial Deposit | $0.00 |
| Average Spread EUR/USD – Standard | 0.81 (as of Oct 19) |
| All-in Cost EUR/USD – Active | 0.81 (as of Oct 19) |
| Active Trader or VIP Discounts | Yes |
Platforms & Tools
CMC Markets Next Generation trading platform is fast, reliable, and comes packed with several unique tools and numerous features to support traders of all skill levels. No question, it is a market leader and will impress even the pickiest of traders. That’s why in 2020 Next Generation won our award as the best Web Based Platform. And, for traders who prefer MetaTrader 4 (MT4), it too is also available as an alternative platform.
Charting: When it comes to charts, the experience is quite convincing as there are plenty of tools and a long list of 79 technical indicators and studies, and 74 chart patterns that are attachable to each chart. Another feature that stands out from the charting experience is the pattern-recognition tool, which offers traders numerous options for trading and analyzing price action. Patterns auto-adjust when the chart time-scale is changed, enabling traders to scan from a one-minute chart to a monthly chart and see any respective patterns identified.
Automated trading: The current version of the Next Generation platform doesn’t feature the ability to run automated trading strategies – even though pattern recognition and social-trading tools are available. Trader’s looking for automated trading can choose the broker’s MT4 platform offering.
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Research
CMC Markets’ research offering is rich with in-house content, including its Insights News, CMC Markets Blog, CMC TV, and even publishes a print magazine called Opto, as well as third-party content from Reuters and Morningstar. Traders can also access additional tools within the platform, including pattern recognition software and client sentiment tools – both of which are available to live account holders.
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Mobile Trading
The CMC Markets’ mobile app is cleanly designed and comes packed with multiple research tools, powerful charts, pre-defined watch lists for scanning, and much more.
Seamless platform experience: The overall look and feel of the CMC Markets mobile app closely resemble the web-based version of the Next Generation platform. No question, ample time was invested in the app’s development, especially given the challenge of organizing so much information with limited screen space.
Charting: Like much of the rest of the app, charting was just as impressive as the platform’s web version. Although only 29 of the 81 technical indicators are available on the mobile app, it’s still a strong offering compared to many of CMC Markets’ competitors, which often lack technical indicators altogether. While the charting experience was impressive, one minor drawback is that zooming in and out across different time frames was not always fluid.
Market research: For research purposes, another useful feature in the app is the economic calendar where you can subscribe to an event. Once subscribed to an event, an alert will notify you when the news release time approaches. There is also CMC TV, CMC Insights, the broker’s blog, Reuters News, educational content for trading strategies, the Trading Smart series, and webinar schedules.
Other tools: The pre-defined watch lists in the CMC Markets mobile app are great for identifying trade opportunities. Watch lists include popular products, price movers, and currently trending categories.
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Customer Service
To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.
Results
- Average Connection Time: th (22 brokers)
Final Thoughts
CMC Markets is a great choice for forex and CFD traders. The company’s Next Generation platform is powerful and versatile, with plenty of configuration options and tools for traders to customize the platform to meet their needs. CMC Markets finished Best in Class across eleven categories in 2020, continuing its streak near the top of the Industry in all key areas including as one of the most trusted brokers.
With nearly 10,000 instruments to choose from across nearly every asset class and global market, CMC Markets is a great choice for traders looking for a multi-asset solution and broad range CFDs and forex pairs at competitive prices. The broker’s expansion into stockbroking in Australia, coupled with its frequent trader program and Alpha service for VIP clients, helps CMC Markets further distinguish itself as a brilliant multi-asset broker.
About CMC Markets
Founded in 1989, CMC Markets (LSE: CMCX) has grown to become one of the leading retail forex, and CFD brokerages globally. The broker offers an extensive range of nearly 10,000 CFD instruments across major asset classes, including forex, commodities, and securities markets.
CMC Markets serves over 50,000 clients worldwide through its 15 offices globally, with a staff count of 687 people across its entities regulated in the UK, Canada, and Australia. CMC Markets holds over £200 million in Tier 1 regulatory capital and £332.4 million in client segregated funds as per its latest annual report. The company has a market capitalization of over £290 million as of September 2020. Read more on Wikipedia about CMC Markets.
CMC Markets Trading Features
| Feature | CMC Markets |
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy-Trading | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| cTrader | No |
| Charting – Indicators / Studies (Total) | 79 |
| Charting – Drawing Tools (Total) | 24 |
| Charting – Trade From Chart | Yes |
| Watchlists – Total Fields | 8 |
| Order Type – Trailing Stop | Yes |
CMC Markets Research Features
| Feature | CMC Markets |
|---|---|
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Weekly Webinars | Yes |
| AutoChartist | No |
| Trading Central (Recognia) | Yes |
| Delkos Research | No |
| Social Sentiment – Currency Pairs | Yes |
| Economic Calendar | Yes |
CMC Markets Mobile App Features
| Feature | CMC Markets |
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Trading – Forex | Yes |
| Trading – CFDs | Yes |
| Alerts – Basic Fields | Yes |
| Watch List | Yes |
| Watch List Syncing | Yes |
| Charting – Indicators / Studies | 23 |
| Charting – Draw Trend Lines | Yes |
| Charting – Trend Lines Moveable | Yes |
| Charting – Multiple Time Frames | Yes |
| Charting – Drawings Autosave | Yes |
| Forex Calendar | Yes |
2020 Review Methodology
For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.
List of the best CFD Broker 2020 – Trusted reviews
Table of Contents
Due to the large choice of different offers on the internet, it is difficult to find a secure and reputable CFD Broker today who can offer the client good trading conditions. Especially international it is confusing through many comparison sites because they do not always recommend the best CFD provider. In the following list, you get the guarantee to find the online broker with the best trading conditions. Read also the important criteria of this comparison, which was carried out by us with more than 7 years of experience in the industry.You will get a deeper look at these companies by our reviews in the following sections.
| CFD Broker: | Review: | Regulation: | Spreads: | Assets: | Advantages: | Open Account: | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. eToro | (5 / 5) ➜ Read the review |
CySEC, FCA, ASIC | 3.0 pips variable | 1,500+ | + Best platform + Social Trading + Cryptocurrencies + PayPal |
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| 2. IQ Option | (5 / 5) ➜ Read the review |
CySEC | 1.0 pips variable | 500+ | + Best platform + Binary Trading + Support 24/7 + Min. Deposit 10$ |
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| 3. Plus500 | (4.9 / 5) ➜ Read the review |
CySEC, FCA, AFSL | Variable | 2,000+ | + Support 24/7 + PayPal + Cryptocurrencies CFDs |
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| 4. IG | (4.9 / 5) ➜ Read the review |
FCA, NFA, AFSL | 0.6 pips variable | 16,000+ | + Huge diversity + PayPal + Broker since 1974 + Professional education |
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| 5. CMC Markets | (4.9 / 5) ➜ Read the review |
FCA, ASIC, FMA, MAS | 0.7 pips variable | 10,000+ | + Huge diversity + Very good platform + Broker since 1989 + Exclusive support |
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| 6. Markets.com | (4.9 / 5) ➜ Read the review |
CySEC, FSCA, ASIC, FCA | 0.3 pips variable | 2,000+ | + Easy to use + PayPal + Professional tools |
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| 7. ETX Capital | (4.9 / 5) ➜ Read the review |
FCA | 0.6 pips variable | 5,000+ | + Spread Betting + Huge varierity + Good service |
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| 8. ActivTrades | (4.9 / 5) ➜ Read the review |
FCA | 0.45 pips variable | 450+ | + High financial security + Low spreads + Professional platform |
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| 9. easyMarkets | (4.5 / 5) ➜ Read the review |
CySEC, ASIC | 0.9 pips fixed | 200+ | + Fixed spreads + Deal Cancellation + Friendly Platform |
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| 10. 24Option | (4 / 5) ➜ Read the review |
CySEC, IFSC | 1.1 pips variable | 250+ | + Account types + Good service + Always new assets |
| Review: | (5 / 5) |
|---|---|
| Regulation: | International Financial Commission (IFC) |
| Demo account: | ✔ Free |
| Minimum deposit: | 10$ |
| Minimum trade: | 1$ |
| Markets: | Forex, Cryptocurrencies, Commodities, Stocks |
| Products: | Fixed Time Trades & Forex |
| Yield: | up to 92%+ |
| Support: | 24/7 phone, chat, email |
(Risk warning: Your capital is at risk)
Watch our full review of the Olymp Trade trading platform:
Is Olymp Trade a regulated company?
Before you sign up with any online broker you should check the regulation of the company. On the internet, there are many scam websites that are not regulated and want to steal the customer’s money. They are looking professional but there is no regulation. Search for the regulation of the company on the broker´s website. In most cases, you will find the information about regulation and registration at the bottom of the website.
Olymp Trade is a fully regulated and legal company. The broker “Olymp Trade” is regulated by the International Finance Commission since 2020. Through our experience, we know that a lot of different Forex Brokers are regulated by this authority. Olymp Trade is regulated with the category “A” which implies more advantages and safety for the customers. In the next section, we will discuss the regulation of facts and details.
Category “A” means that the Financial Commission guarantees a monetary compensation up to 20,000€. The funds of traders are backed up if some mistakes happen or the broker or bank goes bankrupt. The Financial Commission is a contact person for every trader. If you got some issues with the broker you can contact them.
The violating of the rules of the certificate result in a loss of the license. Furthermore, the regulator verifies the trade execution of the broker. More than 5,000 orders are executed by the employees of the IFC. As a trader, you can be sure that you will get the best execution with Olymp Trade proofed by the IFC.
The regulator (IFC) is based in Hong Kong and London. It is an international authority for international brokers and a little bit different from the regulatory authorities of countries. From our experience, it is a trusted regulator and a fraud by Olymp Trade can be excluded. All in all, Olymp Trade shows that it is a real and legit company that is official regulated. In the next sections, we will go more into detail about the safety of the trading platform.
Olymp Trade is a regulated company:
- Regulated by the International Finance Commission
- Approved trading technology
- Verified execution
- 20,000€ compensation fund
- Independent contact person
Is Olymp trade safe or not?
In the section before, we showed you that Olymp Trade is a fully regulated company. That is the first sign of a good and safe online broker. In addition, there are more points for the safety of customers which we will present to you. First of all, you have to confirm your phone number and your profile for the full security of the account.
The money of the clients is managed in European banks which are fully regulated, too. If you do a deposit or a withdrawal, Olymp Trade only uses regulated payment systems like online wallets, credit cards, or bank transactions. In addition, the broker does not use your money for hedging or speculation. The funds are very safe.
In order to get more safety for your account, you can enable the Two-factor authentication. This feature gives you a double login to your account. When you logged into your account you will get an SMS verification code or you can use the google authentification app to get full access to your account. This feature will stop hackers before they get into your account.
Olymp Trade is a very safe broker:
- Funds are managed in European banks
- Regulated payment methods
- The broker does not invest with your money
- Two-factor authentication for more safety (Google, SMS)
(Risk warning: Your capital is at risk)
What is behind Olymp Trade? – Company facts
Olymp Trade operates since 2020 and accepts international traders. The broker’s website belongs and is managed by Inlustris Ltd. which is based in James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building. The agent is Wallfort Limited which is based in KPMG Center, 1-st floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus. These companies are fully legal and official registered.
The broker offers options trading and forex trading on the multi-functional trading platform. As we can see on their website the broker and platform got many awards from other institutions and websites for being reliable and professional. Also, Olymp Trade is a sponsor of the LCR Honda team at the MotoGP 2020.
Olymp Trade Awards
The company got a really good track record and more and more traders want to trade on their trading platform. Olymp Trade grows very fast and is at the moment the most growing online broker worldwide. Because of easy access to the financial markets through the platform Olymp Trade is very popular. In addition, it is very comfortable to trade there which we will prove in the next sections.
More than 25,000 users are trading every day on the platform and the number is rising. With more traders, the payouts and the traders per month are rising too. Overall, Olymp Trade pays more than 13 million dollars to its clients each month. As an international broker, traders will get international support in 8 different languages.
In conclusion, Olymp Trade is one of the most popular online platforms because it is very easy and comfortable to invest in the financial markets. The company got a really good track record and is trusted by many institutions.
How to open your account with Olymp Trade
To open an account with Olymp Trade you have to follow the next steps. From our experience, it is very easy to get access to the trading platform and start trading. This section will explain to you exactly how to do it.
First of all, you have to sign up on the broker’s website or use the registration form below. After you insert your personal details you can get access to the trading platform. Olymp Trade allows you to use the platform in the free demo account or starting with a real money deposit of 10$. You can trade with real money without a full verification of your account. We recommend to do it first.
Sign up for you free account:
After signing up you should fullfill your account details (see the picture below). That means you confirm your email address and phonenumber. It is important to use your real data because the broker can require different documents for further verification. After you set up your account you can start to trade on the platform.
Open your account step by step:
- Sign up with Olymp Trade (use the form above)
- Verify your email address
- Verify your phonenumber
- Complete your account profile
- Start trading
Important verification process
The verification process only lasts a few minutes. It is very easy to complete the account profile. As mentioned before you need to confirm your email address and phone number. In the picture below, you can see the account dashboard. Olymp Trade allows you to trade without verification and full profile but we do not recommend to do that.
If you are trading with high order volume or make big transactions the broker can request further documents from you. That can be a photo of your passport or a utility bill. The broker does that to fight money laundering. This is nothing special and a well-known process that is done by 99% of the Forex Brokers.
Free Olymp Trade demo account for everyone
As professional broker Olymp Trade offers a free and unlimited demo account for its traders. Everyone can use this account there is no need for a deposit of real money. The demo account is a practice account filled up with virtual money. Traders can use the platform without risk and try new strategies or markets to trade. It is a good way to learn more about the software.
The demo account is filled up with 10,000$ and you can change with one click between the demo account and live account. In the picture above you see how you can do it. In addition, the demo account is unlimited. That means you can deposit virtual money on the account if you make a loss for example.
We recommend that every user try out the demo account first. It is very important to get knowledge about the trading platform and the financial products before you deposit real money. The demo account is the best way to improve your trading skills and a useful tool for online trading.
Advantages of the demo account:
- 10,000$ balance
- Free and unlmited
- Switch between real money and demo account with one click
- Fill up the balance by yourself
Demo account vs. real money trading
Another point to prove is the order execution. The order execution should be the same in the live account and demo account. As professional traders, we can tell you that there is nearly no difference between the order execution in the demo account and in the live account.
Why you should use the demo account:
- Learn about the trading platform
- Learn how to trade the financial products (forex and options)
- Develope new trading strategies
- Try out new markets and assets
(Risk warning: Your capital is at risk)
Review of the Olymp Trade VIP account
Another account type is the VIP account for traders. You can get an upgrade to your real account if you deposit 2,000$ or more on the platform. The VIP account got a lot of different advantages for traders which we will discuss in this section.
The key features of this account are a higher rate of return, account manager and risk-free webinars. Also, more professional education and service ist available for the traders. Compared to other online brokers the requirements for the VIP account are very low. A 2,000$ deposit is not a huge amount for most traders.
Check out the advantages for traders:
| VIP Account: | |
|---|---|
| Rate of return: | Up to 92%+ |
| Maximum trade amount: | 5,000$ |
| Account manager: | ✔ |
| Risk-free trades: | ✔ depending on the trading turnover |
| Individual training: | ✔ |
| Private webinars: | ✔ |
| Secret strategies: | ✔ |
| Trading signals: | ✔ |
| Exclusive events: | Free gifts depending on the turnover |
How to deposit on Olymp Trade:
For deposit real money on the platform, you can use different payment methods. It always depends on your country of residence which payment methods are accepted. The minimum deposit is only 10$. You can start trading with 1$ investment amount each trade.
Some of the deposit methods
The deposits are made instantly to your account balance by electronic methods. In fact, is it quite easy to deposit money on the platform? Choose the payment method first. After that, you come into the next section (picture below). Traders can choose to take a free deposit bonus or not.
Make your deposit
Now you will get the payment notification if the process was sucessfull. Also, you will get a email with the deposit details. You will see the message in the picture below:
Confirmation of the payment
Deposit methods for 10$ minimum deposit:
- Credit Cards
- Neteller, Skrill
- Bitcoin
- WebMoney
- Fasapay
- Epayments
- And more methods depending on your country of residence
How to do your withdrawal:
For the withdrawal, you can use the same methods as the deposit. It is very easy to make a withdrawal too. Just go into the account dashboard and click on “withdraw”. Most withdrawals are processed within 24 hours. We tested the process and the money was in less than 5 hours into our account. The maximum duration for withdrawal is 3 business days.
Request your payment
Click on “send a request” and Olymp Trade will process the payment. The minimum limit for withdrawal is 10$ and there are no fees too. In addition, there are no maximum limits for your account.
In the picture below you will see our withdrawal request. We made a payment of 90$ with the payment method Neteller. It is a very efficient method to do international transactions.
Advantages of the Olymp Trade withdrawal:
- Very fast (from our experience in less than 24 hours)
- No fees
- 10$ minimum limit and no maximum limits
(Risk warning: Your capital is at risk)
Free Olymp Trade Bonus is available
Olymp Trade offers bonuses for traders. The bonus can be up to 100% of the deposit. For every new trader, there is a unique offer of a first deposit bonus. Olymp Trade doubles your deposit for free. Furthermore, you can get a high bonus on further deposits (see the picture below).
You can use the bonus to make additional profit. It is not possible to withdraw the bonus amount but you can withdraw your profit which is made by the bonus amount. There are no restrictions for your account and the account balance is not blocked. Compared to other bonus offers from other brokers this is a new type of bonus.
It is possible to activate the bonus or not. After you activated the bonus and made the deposit you will get an additional bonus balance in your account. Remember, you can not withdraw the bonus.
In conclusion, the Olymp Trade bonus is a very good program for any trader who wants to trade with more volume on the markets. It is completely free and there are no restrictions for your account. There are only advantages to it and we recommend to take the free bonus.
The advantages of the bonus:
- Up to 100%
- Free deposit bonus
- No restrictions or account balance blocking
- You can not withdraw the bonus but the profit
- Fair conditions
Are there Olymp Trade fees?
Surprisingly there are no fees for the deposit and withdrawals. This is a huge advantage compared to other Forex Brokers. You can do unlimited money transactions for free. In addition, for options trading, there are no fees to. Only when you trade forex there is a trading commission for open an order.
For an inactive account, there can be an inactivity fee. When you did not trade for 180 days there is a service fee of 10$. This fee only occurs if you got money in your account balance. To avoid the service fee you have to do at least 1 trade in 180 days.
Fees for traders:
- No deposit fee
- No withdrawal fee
- No option trading fee
- Forex trading commission
- Inactivity fee after 180 days (10$)
Olymp Trade Trading Platform Review
In the next section we will show you the Olymp Trade trading platform with all details and functions. The platform is multifunctional and offers a huge range of different markets and assets. The software is available for any device. That means you can trade with your computer, smartphone, or tablet.
From our experience, the platform is easy to use and understand. Within a few minutes, you will know how to trade because all functions are clearly shown in the software. For further information, Olymp Trade offers an education center with webinars, strategies, tutorials, and videos. All in all, it is one of the most user-friendly platforms for a trader. Continue reading to get an exact overview of how it works.
Olymp Trade Trading Platform
As you see in the picture above multi-charting is available. You use different indicators and chart types to analyze the market. We will go in more detail later. On the platform, you can find any function with less than 3 clicks. It is a very clear platform and all the functions are available for mobile (App) and desktop.
Advantages of the Olymp Trade software:
- User-friendly and multifunctional
- Customizeable
- Easy to understand
- Clear platform
- Available for any device
- A lot of indicators and analysis tools
What can you trade on the platform? – Offers for traders
Traders can trade options or forex on the platform. These are 2 different financial products which we will discuss in the next section in detail. You can invest in these financial products in more than 200 different markets. Currencies, cryptocurrencies, stocks, ETFs, indices are available.
On the menu, you can pick the market you want. You will see the changes within 24 hours and the rate of return. It is also possible to save favorites. The rate of return (yield) for fixed time trades can be up to 92%+. It is important to know the regular trading time of your asset because the yield will be higher.
Chose any market
The platform works 24/7 and it is possible to trade on the weekend OTC assets or cryptocurrencies. Surprisingly on the platform, you will find a lot of different cryptocurrency assets. Traders can make a huge profit because the volatility is very high in these assets.
In conclusion, if you are searching for short-term or long-term investments then you are completely right on this platform. Olymp Trade offers the trader any market and financial product which he needs to make a profit.
Offers for traders:
- More than 200 different markets
- Trade forex and fixed time trades on one platform
- Yield up to 92%+
- Long-term and short-term trades
- Currencies, cryptocurrencies, indices, commodities, stocks, ETFs
- Trading 24/7
(Risk warning: Your capital is at risk)
Mobile Trading (Olymp Trade App)
Another important point to check for a reliable online broker is the mobile app. For successful trading is necessary to use the mobile phone sometimes. On the other side, a lot of traders prefer to trade with the smartphone or tablet instead of the computer. We tested the app completely and we will show you our review in this section.
The mobile app of Olymp Trade is available for Android and Apple (iOS) devices. Also, you can use a tablet for trading. You can install the app within 1 minute by downloading it from the app store. In the picture below you will see a direct screenshot of the app.
Screenshot mobile app
Similar to the web version the Olymp Trade app has the same functions and offers for trading. There are not so many differences between the desktop and the app. You can use the analytic tools, indicators, and chart types for trading.
The advantage of the mobile app is that you get a connection to your portfolio any time you want. You just need your smartphone to get access to over 200 different markets. In addition, the order execution is fast like in the desktop version. All in all, the mobile app is another point why Olymp Trade is so popular.
Mobile trading is possible:
- The app is available for any device (Android, Apple)
- Fast execution like desktop trading
- Same functions like desktop version
- Trade 24/7
Chart types and indicators for analysis
For trading options and forex a technical analysis should be used. On the platform, you can use different chart types and indicators. Olymp Trade offers a huge range of tools for the analysis. If this is not enough for you you can use fundamental news and analysis which is also provided by Olymp Trade.
Chart types and analysis tools
If you click on the chart next to the symbol the menu for chart types and indicators will open. You can use more than 4 different chart types for trading. The most popular chart type is the Japanese candlesticks. It allows you to get more information from the chart than by using the line chart.
For a further analysis more than the technical analysis, you can click on the menu to get fundamental data. Olymp Trade provides you the economic calendar, trading signals (VIP), and information about volatility. We recommend checking the news before trading because the volatility can be very strong on certain events like economic news.
Make professional analysis with Olymp Trade:
- More than 20 indicators
- Technical analysis tools
- Economic calendar
- Fundamental analysis
- Different chart types
Multi charting is possible to analyze more than one chart at the same time.
Fixed Time Trades trading tutorial:
When it comes to trading many traders are asking how to make money on the Olymp Trade platform. As mentioned before you can choose between fixed time trades and forex trading on the menu. It is possible to switch with one click between these two financial products. In the next sections, we will discuss how to trade on the platform and how does it work to invest money.
Fixed time trades (Wikipedia) is very popular because it is easy to understand how it works and you get a 50/50 chance to make a very high profit of up to 92%+. Just choose a market or asset for your analysis and investing. Make a forecast of the price direction in the future. You can choose an expiry time when the contract will end. At the end of the option, the price has to be below or above the strike price (entry point). You can trade in both directions (up or down).
Fixed Time Trades trading
There are only two options. You can lose the investment amount or win the high yield. Before you start the trade you know all conditions. Overall it means your hit rate has to be over 50% or you double your investment amount when you lose a trade. By using an asset with a high return of investment you can make a lot more money.
The minimum investment is 1$ per trade. You can choose any expiry time of the trade. It is possible to trade short-term and long-term fixed time trades. The minimum expiry time for the fixed time trade 60 seconds. That is why options are so popular. You can make a lot of money on a small-time horizon and the market has to move only 1 point in your predicted direction.
Summary of fixed time trades trading:
- Choose the asset you want
- Make an analysis and a forecast of the price movement
- Choose the expiry time of the fixed time trade
- Trade up or down
- Make profit or lose
(Risk warning: Your capital is at risk)
Forex Trading Tutorial:
There are some differences between these two financial products. The main difference between forex trading and fixed time trades trading is that with forex trading you will make more profit if the price moves more in your direction. With options trading the profit is limited. Forex trading means that you can make an unlimited profit or loss.
For all scary trader, you can not make a debt on the platform. The broker will close your trade automatically. With forex trading, it is possible to set limits for the profit and loss by the take-profit and stop-loss. For example, you invest in a currency and sell the other currency. If the price is rising you can make a profit. Also, short trades are possible because you always trade 2 different currencies in one currency pair.
Forex trading is leveraged trading. That means you trade with more money than you own. The maximum leverage is 1:500 and you see that clearly on the trading platform. Leverage is necessary for forex trading because there is very low volatility.
Summary of forex trading:
- Choose the market you want to trade
- Make a forecast and analysis of the chart
- Choose your investment amount
- Set the stop-loss and take-profit
- Start trading
- Close the trade whenever you want with profit or loss
Review of the support for traders
Olymp Trade offers a chat, email, and phone support. The employees are working 24 hours per week each day. In addition, as an international broker, the support is available in more than 8 languages.
From our experience, the support works very quick and professional. If you got any questions you can write a specialist directly through the chat option. Furthermore, there are huge FAQ articles to answer the most asked questions. VIP traders get a personal account manager which will help you personally. It is nothing special but Olymp Trade tries to make good contact with its customers.
| Support available: | Languages: | Options: | Phone number: |
|---|---|---|---|
| 24/7 | More than 8 | Phone, email, chat | +27 (21) 1003880 Cape Town, South Africa +54 (11) 59175747Buenos Aires, Argentina |
Olymp Trade education center and free webinars
Olymp Trade offers a very good service for its traders. There is a huge education center with learning material. You can learn about each indicator, about the news, and about strategies and analysis. There are more than 318 different videos for traders. Beginners should be very comfortable with the mass of education.
Olymp Trade education
To get further information you can join the webinars. They are free to join and live made by a professional trader. The webinars are about different topics like strategies or beginner tutorials. In addition, you can ask questions and chat with other traders.
Video tutorials:
- How to trade
- Trend indicators
- Oscillators
- Strategies
- Webinars
All in all, Olymp Trade tries to educate its traders. You can use this offer or not. It is completely for for everyone. From our experience, there is information for beginners and advanced traders.
Conclusion of the Olymp Trade review: Recommended broker
Our test result and review says that Olymp Trade is one of the best brokers for trading fixed time trades and forex. On this page we showed you all details and functions of the Forex Broker. Now you got a good overview of the platform and know why you should sign up.
Olymp Trade offers very good trading conditions for trading options and forex on one platform. The software is professionally designed and easy to use by beginners and advanced traders. You can customize the chart for different strategies like you want. Another advantage of the broker is that you can start trading with a small deposit of 10$. Also, the minimum investment per trade is only 1$.
In conclusion, Olymp Trade is not so popular without reason. You get very fast access to the financial markets and you can trade with a very high return of investment on the platform. It is a trusted and recommended broker.
Why you should open an account with Olymp Trade:
- Regulated and safe company
- Free demo account
- Minimum deposit $10
- More than 100 markets
- Fixed time trades and forex trading on one platform
Olymp Trade is a legit and reliable online broker. You can invest by using the best conditions for forex and options trading. (5 / 5)
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