How to Trade and Withdraw on Olymp Trade

How to Trade Forex on Olymp Trade

How to Trade on Olymp Trade?

Olymp Trade is a popular online trading platform that allows you to trade various assets such as currencies, commodities, and more. We will explain how to trade on Olymp Trade in a few simple steps.

Step 1: Choose an Asset

Olymp Trade offers you a wide range of assets. you can find the most popular currency pairs (EUR/USD, AUD/USD, EUR/GBP...), commodities (Gold and Silver...), and variable equities (Apple, Tesla, Google, Meta...). You can use the search bar or the filter option to find the asset you want to trade.

Step 2: Analyze the Asset

2.1. Before placing a trade, it’s crucial to analyze the chosen asset’s price movement. Olymp Trade provides various chart types and technical analysis tools to assist you.

2.2. Use the chart to study historical price data, apply technical indicators, and identify potential entry and exit points.

Step 3: Set the Amount

Enter the amount of money you wish to invest in the trade. You can use the plus and minus buttons to adjust the amount of money. The minimum amount is $1, and the maximum is $3,000.

Step 4: Set the Expiry Time

Once you select an asset, you can choose an expiry time for your trade. Olymp Trade offers a range of expiry options, allowing you to choose a timeframe that aligns with your trading goals. Expiry times can vary from 1 to 5 minutes or 15 minutes to hours. Consider the asset’s volatility and your desired trading duration when setting the expiry time.

Step 5: Predict the price movement

The final step is to predict whether the price of the asset will go up or down by the end of the time frame. You can click on either the green button (Up) or the red button (Down). A green button means that you expect the price of the asset to rise above the strike price by the expiry time. A red button means that you expect the price of the asset to fall below the strike price by the expiry time. You will see a countdown timer and a graph showing the price movement of the asset.

Step 6: Wait for the outcome of your trade

After executing your trade, you can monitor its progress on the trading platform. You’ll see real-time information about your trade, including the current price, potential profit or loss, and time remaining until expiration.

If your prediction is correct, you will receive a fixed payout based on the asset and trade type. If your prediction is wrong, you will lose your investment amount.

That’s it! You have just learned how to place a trade on Olymp Trade.

Olymp Trade Trading Advantages

Advanced Technical Analysis Tools: The platform offers a range of technical analysis tools, indicators, and charting features. These tools assist traders in conducting in-depth market analysis, identifying trends, and making informed trading decisions.

Multilingual Support: Olymp Trade caters to traders worldwide by offering its platform and customer support in multiple languages.

Promotions and Bonuses: Traders may have access to promotions and bonuses offered by Olymp Trade, which can provide additional value.

Competitive Spreads: The platform offers competitive spreads on various assets, which can contribute to cost-effective trading.
 

Effective Olymp Trade App Trading Strategies

• Education First: Start by diving yourself into the educational resources offered by the app. Develop a comprehensive understanding of trading fundamentals, technical analysis, and risk management.
• Practice with a Demo Account: Before using real money, practice extensively with the demo account. This will help you improve your strategies, fine-tune your approach, and boost your confidence without worrying about losing real money.
• Set Clear Goals and Strategies: Define your trading goals, whether they involve short-term gains or long-term investments. Devise trading strategies aligned with these objectives and adapt them as the market evolves.
• Diversify Your Portfolio: Check out the different assets on the platform. Diversifying your investments helps reduce risk and increases your chances of getting consistent returns.
• Stay Updated: The financial markets are dynamic. Keep yourself informed about global economic events, geopolitical developments, and market trends that can impact your trading positions.

Withdrawing Funds from Olymp Trade: A Step-by-Step Guide

Olymp Trade Withdrawal Payment Methods

You can only withdraw money to your payment method. If you have made a deposit using 2 payment methods, a withdrawal to each of them should be proportional to the payment amounts. We will explore some of the most popular and convenient options for withdrawing money from Olymp Trade.

Bank Cards

One of the most common withdrawal methods on Olymp Trade is through bank cards, such as Visa and MasterCard. This method is widely used due to its convenience and accessibility. The processing time can take from 1 to 12 hours to credit money to your bank card.

Electronic Payment Systems

E-wallets like Skrill, Neteller, and Perfect Money are another popular withdrawal option on Olymp Trade. E-wallets offer fast and secure transactions, making them a preferred choice for many traders.

Cryptocurrencies

For traders who prefer cryptocurrencies, Olymp Trade also offers withdrawal options in popular digital currencies like Bitcoin, Ethereum, TRX, and more.

Internet Banking

Some traders may prefer direct bank transfers through internet banking services. It is a safe and reliable way to withdraw your money from Olymp Trade, as it does not involve any third-party intermediaries or online platforms that might pose security risks.

Olymp Trade withdrawal payment methods are diverse and flexible, allowing you to choose the one that suits your needs and preferences.
 

How to Withdraw Money from Olymp Trade: A Step-by-Step Guide?

Step 1: Log in to your Olymp Trade account and click on the "Payments" button on the top right corner of the screen. You will see your balance and the available payment methods for withdrawal.

Step 2: Choose the payment method that suits you best. Olymp Trade supports various payment options, such as bank cards, bank transfers, crypto, and e-wallets. You can only withdraw to the same payment method that you used to deposit. For example, if you deposited with a Mastercard, you can only withdraw to a Mastercard.

Step 3: Depending on your chosen withdrawal method, you will be prompted to provide relevant information. For bank transfers, you may need to input your bank account details, including the account number and routing information. E-wallet withdrawals may require the email address associated with your e-wallet account. Follow the instructions provided by Olymp Trade and accurately enter the requested details.

Enter the specific amount of money you wish to withdraw from your Olymp Trade account. Ensure that the requested amount does not exceed your available balance.

Step 4: You will see a confirmation message.

You can also check the status of your withdrawal request in the "Transaction History" section.

Step 5: Receive your money in your chosen payment method. Depending on the payment method and your bank, it may take from a few minutes to 24 hours for the money to arrive in your account. You can contact Olymp Trade’s customer support if you have any questions or issues regarding your withdrawal.

That’s it! You have successfully withdrawn your money from Olymp Trade.

What is the Minimum Withdrawal limit on Olymp Trade?

The minimum withdrawal limit is set at $10/€10 or the equivalent of $10 in your account currency.

Is Documentation Required for Money Withdrawals on Olymp Trade?

There’s no need to provide anything in advance, you will only have to upload documents upon request. This procedure provides additional security for the money in your deposit.
If your account needs to be verified, you will receive an instruction on how to do it by email.
 

How long does Olymp Trade Withdrawal take?

It usually takes payment providers from a few minutes to 24 hours to credit money to your bank card. In rare cases, this period may be extended up to 7 business days due to national holidays, your bank’s policy, etc.
If you’re waiting longer than 7 days, please, contact us in the live chat or write to [email protected]

Withdrawal Fees on Olymp Trade

Typically, Olymp Trade does not impose withdrawal fees; however, they may apply under certain conditions.

1. All USDT accounts are subject to withdrawal commissions.

2. A commission is charged when you withdraw money using a cryptocurrency payment method

3. Traders who deposit and withdraw and/or use duplicate trading accounts without trading could be subject to commissions in accordance with the Non-trading Transactions Regulation and KYC/AML Policy.

Olymp Trade Conclusion: Empowering Trading Excellence and Financial Ease

Olymp Trade emerges as a premier platform, facilitating seamless trading experiences and efficient withdrawal processes for its diverse user base. With an intuitive interface and a robust set of tools, Olymp Trade empowers both novice and experienced traders to engage confidently in the markets. The streamlined withdrawal procedures, coupled with a range of secure options, ensure swift and hassle-free access to funds, enhancing user convenience.

By offering comprehensive educational resources and prioritizing user satisfaction, Olymp Trade embodies reliability and effectiveness in the realm of online trading. Continuously evolving to meet the demands of an ever-changing financial landscape, Olymp Trade remains a stalwart companion, enabling users to navigate the complexities of trading while achieving their financial objectives with ease.