Olymp Trade in Singapore

Olymp Trade Singapore – Overview

Olymp Trade Singapore is a popular online trading platform, renowned for its user-friendly interface and a wide range of available assets for trading. The platform, which is regulated by the International Financial Commission, offers access to various markets including forex pairs, commodities, stocks, indices, and cryptocurrencies. It’s well-appreciated for its educational resources, demo accounts, and customer support that make it accessible for both beginners and experienced traders. The platform also offers a variety of deposit and withdrawal options, making it convenient for traders. This Olymp Trade Singapore Review offers an overview of the platform’s features, highlighting its strengths and areas of improvement.

Olymp trade is legal in Singapore

Account Types

Olymp Trade Singapore offers three main types of accounts to cater to different levels of traders – Starter, Advanced, and Expert. Each account type comes with its unique features and benefits.

  • Starter Account: The Starter account is designed for traders who are new to the platform. This account provides access to a free demo account with 10,000 virtual funds for practice. It also offers a minimum deposit of $10 and a maximum total trade amount of $2000. The return rate is up to 82% and more.
  • Advanced Account: The Advanced account is suitable for more experienced traders. It offers a minimum deposit of $500, a higher maximum trade amount of $3000, and a maximum total trade amount of $5000. The withdrawal processing period is shorter, usually within 24 hours. Advanced account holders also have access to consulting a personal analyst and receiving trading signals every day.
  • Expert Account: The Expert account requires a minimum deposit of $2,000. The withdrawal processing period is the shortest, usually within a few hours. Expert account holders receive all the benefits of the Advanced account plus priority withdrawal, a personal manager, and access to exclusive webinars and strategies. The return rate is up to 85% and more, and the commission is up to 13.5%. The return rate is up to 92%, with commission of up to 20%.

It is important to note that all account types on Olymp Trade Singapore have access to 24/7 customer support, educational resources, and a wide range of trading tools. The platform also offers risk-free trades and bonuses for each deposit.

FREE Demo Account

Olymp Trade Singapore demo account has $10,000 in virtual money, and is especially beneficial for beginners who are new to the world of trading. The demo account allows users to practice trading strategies without risking real money. It comes preloaded with virtual funds, allowing you to explore and familiarize yourself with the platform’s functionalities, tools, and various trading instruments. Furthermore, the demo account is not limited in time and can be refilled when needed. This makes it a valuable tool for gaining trading experience before moving on to live trading.

Tradeable Assets

Olymp Trade Singapore offers a broad range of financial instruments for trading and investment. Here are some of the most significant ones:

  • Forex Trading: Olymp Trade Singapore offers a platform for forex trading where traders can trade a variety of currency pairs. This includes major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.
  • Cryptocurrencies: Olymp Trade also offers trading of cryptocurrencies. This includes popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.
  • Commodities: Traders can also trade in commodities such as gold, silver, oil, natural gas, and more.
  • Stocks: Olymp Trade offers the opportunity to trade in stocks of major companies from around the world. This includes companies like Apple, Google, Tesla, and more.
  • Indices: This financial instrument allows traders to invest in a group of stocks representing a particular market or sector. Examples include the Dow Jones, S&P 500, and Nasdaq.
  • ETFs: Exchange Traded Funds (ETFs) are also available on the platform. ETFs are investment funds traded on stock exchanges, much like individual stocks.

All these instruments can be traded using different strategies and tools provided by Olymp Trade. It is important to note that trading in these instruments carries risk, and traders should ensure they understand these risks before engaging in any trades.

Olymp Trade Singapore Fixed Time Trades

What is FTT or Fixed Time Trades?

Fixed Times Trades is a financial instrument in which a trader invests in the price direction of an asset within a predetermined time frame. The investor either predicts that the price will rise (a CALL trade) or fall (a PUT trade). If the prediction is correct, the trader receives a predetermined profit, and if not, the trader loses the invested amount.

The platform offers a vast selection of assets for Fixed Times Trades, including currency pairs, commodities, stocks, and indices. The duration of trades can vary from one minute to a maximum of 23 hours, allowing traders to choose a time frame that best fits their trading strategy.

Profitability & Risks of Fixed Time Trades

The profitability and risks associated with Fixed Times Trades are two sides of the same coin. On the one hand, Fixed Times Trades can be highly profitable. The return on investment for successful trades can be up to 80-90%. This high return potential makes Fixed Times Trades an attractive investment option for many traders.

On the other hand, Fixed Times Trades also carry significant risks. The most apparent risk is the potential for financial loss. If a trader’s prediction is incorrect, they can lose their entire investment. Therefore, traders must manage their risks effectively. This can be done by carefully strategizing and using tools such as stop-loss orders and take-profit orders.

Additionally, market volatility can also increase the risks associated with Fixed Times Trades. During periods of high volatility, asset prices can change rapidly, and it can be challenging to accurately predict their direction.

In conclusion, while Fixed Times Trades on Olymp Trade can offer high profitability, they also come with significant risks. Therefore, traders should ensure they fully understand the potential outcomes and have a solid risk management strategy in place before engaging in Fixed time trades.

Olymp Trade Review Singapore

How to Get Started with Olymp Trade in Singapore?

Here’s a step-by-step guide on how to start trading with Olymp Trade in Singapore:

  • Visit the Olymp Trade website: The first step is to visit the official Olymp Trade website. Once there, you will find all the necessary information about the platform and its offerings.
  • Registration: To get started, you will need to register an account. Click on the ‘Registration’ button, usually located at the top-right corner of the website.
  • Fill in your details: Provide all the necessary information, such as your name, email address, and contact number. Choose a strong password for your account.
  • Choose your account type: Olymp Trade offers two types of accounts – a demo account and a standard account. The demo account is for beginners who want to learn and practice trading without any risk. The standard account is for those who are ready to start actual trading.
  • Make a deposit: Once you have chosen the account type, the next step is to make a deposit. The minimum deposit amount is typically $10.
  • Start trading: Once the deposit is made, you are all set to start trading. You can choose from a variety of financial instruments, such as currencies, stocks, commodities, etc.

Finally, remember that trading involves risk. Make sure you understand the risks involved and start with small amounts until you gain more experience.

Olymp Trade Singapore Fund Deposit & Withdrawal Options

Deposit Options

  • Credit/Debit Cards: Visa, Mastercard, and Maestro are accepted. This is one of the quickest ways to deposit money into your Olymp Trade account. The processing time is instant which means that the funds will be available for trading immediately after the transaction is confirmed.
  • E-Wallets: Olymp Trade also accepts deposits via popular e-wallets like Skrill, Neteller, Webmoney, and more. As with credit/debit cards, the processing time for e-wallets is also instantaneous.
  • Cryptocurrencies: Olymp Trade allows deposits through cryptocurrencies such as Bitcoin, Ethereum, and others. The processing time may vary depending on the blockchain network speed, but it typically takes a few minutes to a few hours.
  • Bank Transfers: You can also deposit funds into your Olymp Trade account through a direct bank transfer. However, the processing time for bank transfers is longer, usually taking between 1 to 3 business days.
  • Other Local Payment Methods: Depending on your location, you may also have access to other local payment solutions. These will also usually be processed instantaneously or within a few hours.

It is important to note that all these methods are secure and Olymp Trade ensures that all transactions are encrypted for the safety of their clients. However, each deposit method may have different minimum and maximum deposit limits, so it’s crucial to check these details before making a deposit.

Additionally, it’s worth mentioning that Olymp Trade does not charge any deposit fees, meaning that the amount you deposit is the exact amount that will be credited to your trading account. However, you may want to check with your bank or payment provider as they may charge a fee for the transaction.

Withdrawal Options

Here, we will delve into the withdrawal options and processing time for Olymp Trade in Singapore.

Withdrawal Options:

  • E-Wallets: Olymp Trade supports several e-wallets like Neteller, Skrill, WebMoney, etc. These platforms are quite popular because of their convenience and speed of processing transactions. The processing time is usually quite fast and can happen within 24 hours.
  • Bank Transfers: For those who prefer traditional methods, Olymp Trade also offers the option of bank transfers. It’s a safe and reliable method, although it might take a bit longer compared to e-wallets. It can take anywhere between 3 to 5 business days for the funds to reach your account.
  • Credit/Debit Cards: Another withdrawal option is through credit or debit cards. Most major cards such as Visa and MasterCard are accepted. Similar to bank transfers, credit or debit card withdrawals can take between 3 to 5 business days.

It’s important to note that before making a withdrawal, Olymp Trade might require you to verify your identity for security reasons. This procedure might include submitting documents like an ID, passport, or utility bill.

Also, the processing time might be affected by the withdrawal amount, with larger amounts requiring a longer processing time. Always ensure you check the platform’s withdrawal policies and terms before initiating a withdrawal.

In conclusion, Olymp Trade in Singapore offers several convenient withdrawal options that cater to different preferences. However, the processing time can vary, so it’s essential to plan your withdrawals accordingly.

Olymp Trade Singapore Trading Platform

Web Features

Here are some of Olymp Trade Singapore desktop platform features:

  • User-friendly Interface: The Olymp Trade desktop platform has a simple and intuitive interface that is easy to navigate even for beginners. The platform design is not overly complicated, making it easy for users to find the tools and functions they need.
  • Technical Analysis Tools: Olymp Trade provides a wide array of technical analysis tools, such as indicators and charting tools, which can help traders make informed decisions. These tools can be customized according to the user’s preferences.
  • Demo Account: The platform offers a free demo account that is preloaded with virtual funds. This allows users to practice trading strategies without risking real money.
  • Educational Resources: Olymp Trade provides a wealth of educational resources for traders, including webinars, tutorials, and guides. These resources can help both novice and experienced traders improve their trading skills.
  • Multiple Trading Instruments: Users can trade a variety of financial instruments on the Olymp Trade platform, including forex, stocks, commodities, and cryptocurrencies.
  • Secure Trading: Olymp Trade uses advanced security measures to protect user data and funds. The platform is also regulated by the International Financial Commission, which provides additional security for traders.
  • Multilingual Support: The platform is available in multiple languages, including English, Chinese, and Malay. This makes it accessible to a wide range of users in Singapore.
  • 24/7 Customer Support: Olymp Trade offers round-the-clock customer support via live chat and email. This ensures that users can get the help they need at any time.
  • Flexible Trading: The platform allows users to trade at any time and from anywhere. It also offers different types of trading, such as short-term and long-term trades.
  • Customizable Alerts: Users can set up alerts for price movements, news events, and other market developments. This can help traders stay on top of market trends and make timely trading decisions.

Mobile Application

The Olymp Trade Singapore mobile app offers a host of features that make online trading a seamless experience. It provides a user-friendly interface that allows users to navigate through various trading options effortlessly. The application offers an array of financial instruments to trade, including forex, stocks, commodities, and cryptocurrencies. It also provides educational resources to help novice traders understand the fundamentals of trading. Another notable feature is the demo account, where users can practice trading without any financial risk. The Olymp Trade app also supports multiple languages and offers 24/7 customer support, ensuring a smooth trading experience for users across Singapore.

The app provides a variety of technical analysis tools to help traders make informed decisions. These include indicators, oscillators, and drawing tools. Users can also customize the charts as per their preferences, making it easier to analyze the market trends. The app sends real-time notifications about market events and alerts on trading positions, ensuring users never miss an opportunity. Users can easily manage their accounts, check their trading history, and monitor their balances from within the app. The app also offers social trading features, allowing users to follow and copy the strategies of successful traders. The Olymp Trade mobile app is compatible with both iOS and Android devices, allowing users to trade from their smartphones or tablets.

Is Olymp Trade Legal in Singapore?

Olymp Trade is indeed legal in Singapore, allowing residents to trade various assets such as commodities, currency pairs, and indices. However, it’s worth noting that while Olymp Trade is legal, it is not regulated by the Monetary Authority of Singapore (MAS). This lack of regulation can pose potential risks for traders, including the risk of fraud or manipulation. Therefore, Singaporean traders must conduct their due diligence before starting to trade on Olymp Trade or similar platforms.

Olymp trade is legal in Singapore

Open Free Demo Trading Account

Trading Regulations in Singapore

Singapore has strict regulations in place when it comes to financial trading to protect traders and maintain the integrity of the financial markets. The Monetary Authority of Singapore (MAS) is the regulatory body responsible for overseeing all financial institutions and trading activities, including forex trading and binary options trading.

Any company that offers trading services in Singapore must be licensed and regulated by MAS. This regulation ensures that the company operates under strict guidelines to protect its clients’ investments. However, as mentioned earlier, while Olymp Trade is legal in Singapore, it is not regulated by the MAS.

Therefore, while it is possible to trade through platforms like Olymp Trade in Singapore, it is essential to keep the regulatory environment in mind. Traders need to be aware of the risks associated with trading on unregulated platforms and take necessary precautions to safeguard their investments.

Benefits of Trading with Olymp Trade Singapore

  • User-friendly Platform: One of the main benefits of trading with Olymp Trade in Singapore is its user-friendly platform. The platform is designed to be easy to navigate, making it a good choice for both beginners and experienced traders.
  • Low Minimum Deposit: Another benefit is the low minimum deposit required to start trading. This makes it accessible to a wide range of investors, regardless of their budget.
  • Reliable Customer Support: Olymp Trade also offers reliable customer support that can be reached 24/7. This ensures that traders can get assistance whenever they need it.
  • Regulation: Olymp Trade is regulated by the International Financial Commission, which provides a level of security for traders. This means that the platform is held to high standards of accountability and transparency.
  • Profitability: The platform also offers high profitability rates, with potential returns of up to 92% on successful trades. This can result in significant profits for traders who make the right decisions.

Customer Support

Olymp Trade in Singapore offers top-notch customer support to its users. They are committed to providing quick and efficient solutions to any issues or queries that the traders might have. Their customer support team is available 24/7, making it easy for traders to get assistance at any time. They can be reached through various channels such as live chat, email, or phone. In addition to this, Olymp Trade also offers a comprehensive FAQ section on their website, which covers a wide range of topics and can resolve many common inquiries. Their dedication to providing excellent customer service has contributed greatly to their reputation as a reliable trading platform.

Phone: + (356) 2034 16 34
Email: support-en@olymptrade.com
Main Office: 1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu

Olymp Trade in Singapore Review – Conclusion

In conclusion, Olymp Trade Singapore is a widely recognized online trading platform that offers a range of trading options. It provides an accessible and convenient way for Singaporeans to participate in global financial markets. With its user-friendly interface, educational resources, and customer support, it caters to both novice and experienced traders. However, potential investors should be aware of the risks involved in trading and invest wisely.

  • Trust and reputation of Olymp Trade 95% 95%
  • Ease of using the platform 96% 96%
  • Customer Service 95% 95%
  • Ease of Fund deposit and Withdrawal Processing 96% 96%
  • Over all Rating 95.5% 95.5%