Olymp Trade Kuwait

Olymp Trade Review Kuwait

Olymp Trade is one of the leading Global Fixed Time trading providers. It complies with International Financial Commission. They accept traders from most of the countries including Kuwait. You can now trade Forex and CFD in addition to Options trading with Olymp trade in Kuwait.

Olymp Trade is a reliable online trading platform in Kuwait with an excellent history of customer service and relationships with traders. It is in the registry of the International Financial Commission (FinaCom) as a Category a broker, which means it, operates in a transparent manner and complies with FinaCom standards. Olymp trade has successfully passed the audits carried out by 3rd parties on clients’ trading records.

With Olymp Trade Kuwait, you get the guarantee of reliable trading services, prompt money withdrawal, and the protection of deposits in the trading accounts.

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 Olymp trade offers excellent strategy based education and trading to interested traders. It is available for Free to all registered clients. The new traders can learn and practice Options trading in a free demo trading account. You do not lose any real money as long as you trade in a demo trading account. The demo account gives you an opportunity to learn and practice before risking your real money.

It is a safe and trustworthy Online Trading Platform for trading in Kuwait.

Olymp Trade Kuwait Review

Olymp trade started offering Options trading from 2014 and since then it is continuously expanding. Now Olymp trade has traders from several countries. While trading with Olymp trade Kuwait, you can be assured of transparent trading conditions, best customer service and free training materials.

Olymp trade Kuwait – Olymp trade help develop best traders

At Olymp trade, they don’t just give traders a chance to trade, but they also teach them how to trade. Olymp trade team has world-class analysts. They develop several original trading strategies and teach traders to use them intelligently. Olymp trade analysts consult one-on-one with traders to guide them with  effective trading strategies.

• Olymp trade Kuwait complies with several regulators globally.
• It provides online trading services in the financial markets in 2014.
• Stocks, Forex, Commodity and Indices CFD along with Fixed Time Options trading.
• Trading in a safe and secure environment with transparency.
• Several funding and withdrawal methods to help to trade in a safe and secure trading environment.
• Award winning customer service with Arabic language support.
• Profit of up to 90% on successful Fixed Time Options trade.
• Open a VIP account for deposits above $2000 and avail higher payout along with quick withdrawal processing.

Olymp Trade VIP Account

The account is available for advanced trading users and is preferred by very expert traders. For an Olymp Trade account to be live and utilized, traders must deposit $2000, or its currency equivalent.

The traders who acquired the VIP Accounts benefit from faster withdrawals, and they get the assistance of a VIP consultant, financial analysts, and some various trading instruments.

Pros

• Faster withdrawals
• VIP Consultant
• Suitable for elite traders
• Accommodating for large investment traders
• Free Demo Account available

Cons

• High minimum deposit amount
• Not ideal for novice traders

Olymp Trade Standard Account

The trading account that most traders use is the Standard Account and is available for any prospective client that wants to trade or test a free Demo Account casually.

The account has a minimal amount to trade with, which is 1 dollar, and a maximal amount to trade with, which is 2000 dollars. The Standard Account accepts the maximum possible profit of eighty percent when a successful trade. There is a minimal withdrawal fund of ten dollars with the Standard Account, with no limit for any withdrawal.

Withdrawals can take up to a minimum of 24 hours, with a maximum waiting time of three days.

Pros

• Free Demo Account available
• Low trading fees
• Low minimal deposit account
• Maximal possible profit of 80% for each successful trade
• The low minimal withdrawal amount

Cons

• Long withdrawal process

Cons

• None

Olymp Trade Deposit Options

• Bank Wire Transfer
• Credit And Debit Cards
• Electronic Wallets

Olymp Trade Withdrawals

There is an option that traders can withdraw one after completing the deposit. The maximal waiting time for a withdrawal request can take up to three days, but Olymp Trade tries to finish the transaction as quickly as possible. The average waiting time for any trader with a standard account is 24 hours. However, as a VIP account user, the average wait time is only a few hours.

There are no withdrawal fees, and the minimum withdrawal amount is ten dollars. Along with that, all transaction fees are on Olymp Trade, and they do not charge commissions to traders.

Pros

• No withdrawal fee
• Fast withdrawal process
• The low minimal withdrawal amount

Cons

• None

Olymp Trade Withdrawal Options

• Bank Wire Transfer
• Credit And Debit Cards
• Electronic Wallets

Trading Platforms

Olymp Trade’s Current Trade Platform is an internal trading platform established and developed by Olymp Trade’s software developers. The trading platform works on Android and iOS software as a mobile application. It means that all traders of Olymp Trade can trade anytime, anywhere worldwide.

According to tradrs reviews and feedback, the trading platform is user-friendly and has guidelines for client trading strategies. Olymp Trade and its mobile application are considered one of the best applications available in the financial market.

Olymp Trade’s trading platform is self-contained and easy to understand; It has technical indicators and analytics tools that help traders find the best trading strategies. The in-house Olymp trade platform also provides a history section at the bottom of the page, allowing traders to stay updated about a particular asset and track its progress. Here, a trading chart is on the left side of the page. Then, again on the right side of the page, an icon gives the trader the option of trading duration, amount of trading, and a put or call.

You will also find a MetaTrader4 (MT4) trading platform available for traders. MT4 is one of the most famous and most unique trading platforms globally, and most traders are familiar with this platform.

Web Trading Platform

There are 2 types of trading orders with Olymp Trade, price orders and time orders. Traders can place an order with price orders, depending on the price he has limited. As for the time orders, traders can place an order at a specific time, automatically executed at the time requested.

Traders may not be able to activate alerts and notifications for their Olymp Trade trading platform account, but they will be able to view all of their past and pending orders. Also, they will have the option to look through past traders, along with a detailed report of those trades. This will help traders keep track of their trades and what your next could be.

The platform is straightforward to use with the Olymp Trade platform. Traders will not find any issue finding the indicators, tools, and financial markets. Furthermore, the web trading platform is a multi-chart platform, which means you can operate several charts simultaneously.

Desktop Trading Platform

The desktop online trading platform is similar to the Olymp Trade online web trading platform, but the desktop trading platform must be downloaded on your Windows or Mac device.

Pros

• Available on Windows and MT4
• Multi-functional charting tools
• Easy access and user friendly
• Customizable
• 200+ financial markets available

Cons

• No alerts and notifications

Mobile Trading Platform

There are 2 types of trading orders with the Olymp Trade mobile application, price orders, and time orders. Traders can place an order with price orders, depending on the price you have limited to. As for the time orders, traders can place an order at a specific time, automatically executed at the time requested.

With Olymp Trade mobile application, you can use your fingerprint as a form of logging in to your trading account. Unfortunately, the fingerprint recognition feature is very rare to find since it requires advanced technology. Fingerprint recognition is a better alternative despite not having a two-step login process.

The trader can activate alerts and notifications through their mobile settings with the mobile application platform. Traders will see it in the form of a push notification found in their device’s settings.

Overall, the Olymp Trade mobile trading application is very user-friendly, and it allows traders on- the on-the-go to never miss a significant opportunity to trade. The mobile application is also available for traders with iOS and Android software. With Android, you can enable the fingerprint recognition feature as another form of logging in.

Pros

• Trading 24/7
• User friendly
• Fingerprint recognition for login is available
• 200+ financial markets available
• Multi-charts feature available

Cons

• No two-step login process

Market Research and Trading Tools

Olymp Trade has a wide range of educational materials and resources, educating traders on all the essentials for making good trading decisions and finding the best trading strategies. These educational resources include webinars, video tutorials, blog posts, trend indicators, and the presence of a social media platform.

Olymp Trade is considered one of the most popular trading providers that utilize social media to their benefit. Social media platforms like Facebook and YouTube disseminate educational resources to their traders. Any client interested in being educated in the trading industry has access to a live stream through Facebook. You can easily join the webinars available on YouTube.

The video tutorials available for new traders consist of guidelines and how-to videos that articulate any confusion traders might have over the website.

Pros

• Uses social media as an educational tool
• Easy access for traders
• Visual aid on using the platform
• Free educational resources
• Daily and weekly reviews available on the blog
• Interactive courses

Cons

• No news feed with live updates

There are also some trading tools that traders will find very helpful during their trading sessions. One of the most common trading tool is the economic calendar, which sets up alerts of the essential trading events that are taking place at a specific time and date. Even, the trading signals also allow you to move within a particular direction to profit from their trading as efficiently as possible and not face significant financial loss through analytics and in-depth data.

Customer Service

Olymp Trade provides customer service support available 24/7. Customer support can be reached via email address, phone support, or contact form. Their phone support is available in South Africa and Argentina.

Pros

• Available on 24/7
• Different methods of customer support
• Relevant responses

Cons

• The PO customer service can be a slow process

Means Of Communication

• Email Address
• Phone support
• PO Address

Some traders have been influenced by Olymp Trade’s trading experience, especially in the customer service support and withdrawal process. However, traders who request withdrawals will receive their funds within 24 hours, and VIP account holders will receive them within hours. Many trades that have used customer service have been grateful for quick and relevant answers. Still, the PO customer support method is slower than other options.

Conclusion

Olymp Trade is a trading service provider created in 2014 in St. Vincent and the Grenadines. It currently has 25,000+ active users, either using their standard or VIP accounts. In addition, the Olymp trade is regulated by being a member of the famous International Financial Commission (IFC), which acts as a mediator between traders and brokers. In case of any financial misconduct caused by the broker, IFC members must submit an annual report as a form of monitoring and evaluation with 20,000 USD financial compensation.

Olymp Trade is one of the best brokers. However, they do not accept clients from different countries, including the United States, the United Kingdom, and Japan, but not limited to. In addition, they are the very few brokers who have a strong social media presence, using social media as an educational tool for users to learn.