Olymp Trade Introduces a Better Way to Trade With Forex Platform in India

29/05/2025 Email Marketing

With a plethora of trading options and services, the platform is on the rise in the market. Once registered, each trader will get a free demo account to practice risk-free trades. This account trades exactly like the live accounts on the platform with live quotes for all currency pairs, indices, and commodities using Olymp Trade Demo Dollars.

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The entities in the alert list are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platforms for forex transactions. To sign up and start trading with Olymp Trade account, you must provide your name, a phone number and email address. Once all of the required information is entered, you can start practising with your demo trading account.

• Especially if you’re planning to invest in Forex Market that doesn’t remain open for all time.
• The entities in the alert list are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platforms for forex transactions.
• Still, trading with a VIP trading account is more profitable but requires a relatively high minimum deposit amount.
• In some instances, says the RBI, such ETPs-engaging agents personally contact gullible people to undertake forex trading or investment schemes and entice them with promises of “exorbitant returns”.
• VIP account traders are given higher payout rates, forex trade multipliers, as well as the ability to make risk-free trades.
• The stock price range is very wide and allows any trader to find an SPT that matches their price targets.
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Various methods of investing can be used on Olymp Trading which keeps new traders from making uninformed decisions. Traders can later enable their real accounts and start trading practices with their own money. In some instances, says the RBI, such ETPs-engaging agents personally contact gullible people to undertake forex trading or investment schemes and entice them with promises of “exorbitant returns”. Many people have lost money by trading with the unauthorised platforms, the RBI adds. Some of these platforms also claim to be regulated by overseas regulators and recipients of global awards, it had added. All these plus points draw trader’s attention towards the online trading broker.

Is Olymp Trade legal in India?

It has proved itself to be a reliable guide in the world of financial markets for hundreds of thousands of people from all over the world. In February this year, RBI had warned people against trading forex on unauthorized platforms following growing reports of people falling prey to such entities. Olymp Trade is one of the cheapest alternatives for new traders to start Join Olymp Trade trading. You can choose between standard to VIP trading account to start trade. The central bank has said people should not undertake forex transactions on unauthorised ETPs or remit or deposit money for such transactions.

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Amid the trading, if you encounter any issues, the chat function also pops up on the screen. This online broker allows you to put your strategy into execution that often surprises you when you draw profitable outcomes. If you’ve never stepped into a fully digital trading platform, it’s the best way to move on. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. Olymp Trade has announced an introduction of a service levels system.

Tools

Those indulging in illegal forex transactions can render themselves liable for legal action under the FEMA. It has been in the market of online trading for over 6 years and earned the trust of millions of traders worldwide. Olymp Trade is committed to providing transparent, reliable service, and paying close attention to client requests. Before investing your money, don’t forget to try a couple of strategies to determine what suits your goals and trading style best and thus minimise mistakes. Olymp Trade created its free educational material and built-in automated assistant, keeping the new traders in mind. These markets are helping people around the world in making their lives sustainable.

Olymp Trade Clients Now Have a New Loyalty System

Olymp Trade holds a reputed position in the industry since its first operation in 2014. The platform is famous for its loyalty and high-end efforts that satisfy its clients a lot. Thus, let’s dive into this Olymp Trade Review without waiting for long and bring to light all points stating how this platform provides you a leading edge in the market. Meanwhile, the RBI’s list of authorised ETPs includes FX-CLEAR, NDS-Call, NDS-OM, CROMS, TREPS, ASTROID, and FX-SWAP — they are all operated by Clearcorp Dealing Systems (India) Ltd. Others are i-Stream (operated by ICAP IL Indian Pvt Ltd), TEX/SEP and 360TGTX (operated by Three Sixty Trading Networks (India) Pvt.

Olymp Trade Commission or Brokerage

Notably, London-based OctaFX, which the RBI says is not authorised to deal in forex, was also one of the official sponsors of the Delhi Capitals team in the Indian Premier League (IPL) this year, say media reports. Ads of many such platforms can also often be seen on popular social media platforms including YouTube. To stay connected to the market, download an app for your iOS or Android smartphone. Olymp Trade mobile apps have the same atmosphere of active trading and can become an essential part of a trader’s career. It is a perfect solution for those who enjoy getting predictable financial results.

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Each trader has 10,000 Demo Dollars, which can be replenished an unlimited number of times. Though, in terms of education, the platform assists new traders a lot. Still, trading with a VIP trading account is more profitable but requires a relatively high minimum deposit amount. Also, the RBI has clarified that an entity not appearing in the ‘alert list’ can’t be assumed to be authorised by the RBI. The RBI says people can undertake forex transactions only with “authorised persons and for permitted purposes”, in accordance with the FEMA rules.

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If you are afraid of putting your money for trading via a random trading platform, you can check its licensing. In the demo account, the virtual account balance of £10,000 allows you to trade in a virtual environment. Whatever the features you’ll use in the premium accounts, you can get a glimpse of every pinpoint at the demo account. If you love putting your smart strategies while trading and always prefer multiple trading options, then Olymp Trade will surely be made for you. Ensure that the platform can close your account if you haven’t maintained a sufficient balance in your account. Also, the market situation can influence the fee structure set by the broker.

• It may be a primary trade mechanic for those who want to invest long-term in a relaxed manner.
• All concepts, strategies, and tools are explained in simple language to ensure even the newest traders can learn everything necessary and become successful.
• If you’re opting for a bank transfer, you may have to wait for a few hours or an entire day.
• All these plus points draw trader’s attention towards the online trading broker.
• Though, the platform will never accept your withdrawal request from the different payment options.
• If you are afraid of putting your money for trading via a random trading platform, you can check its licensing.
• Traders can later enable their real accounts and start trading practices with their own money.
• The trader can also place an order and get a position opened only after the specific conditions have been met, like the time and the asset price.

Deposits can be made quickly and easily through one of For a VIP account, you must deposit the required amount (approximately $2000). VIP account traders are given higher payout rates, forex trade multipliers, as well as the ability to make risk-free trades. Besides this, the Olymp Trade website provides users with a free demo account and allows them to practice their strategies which can be implemented whilst doing real-time trading.

• Respecting the recommendations of the users, the trading app introduced the Stock Price Trade service.
• Olymp Trade Forex is perfect for those who want to develop as a trader and get great results.
• Olymp Trade app also provides easy access to learning material which enables new traders to get acquainted with the system easily.
• Surprisingly, Olymp Trade offers attractive deals and bonuses for its clients from time to time.
• At the same time, it may very well complement other mechanics offered by Olymp Trade and serve as a diversification element.
• According to various sources, Olymp Trade is not technically illegal in India but it is in no way monitored or controlled by SEBI or RBI.
• There are trading strategies, workshops and webinars from the company’s analysts for traders of all levels in the “Education” section of the platform.

Investing with Olymp Trade: The Hobby that Pays

For instance- you can get attractive spreads, high leverage value, and much more. With the help of these consultants, you can enjoy profitable results. The additional benefits included in a VIP account are truly unbelievable. Though, the country where you reside is the chief deciding factor in whether you can trade in a particular asset or not. Don’t worry then; the Olymp Trade Mobile app here comes up as the best option for you.

In the first iteration, the company traders will receive Starter, Advanced, or Expert statuses. Using your mobile phone camera, scan the code below and download the Kindle app. Get to know where the market bulls are investing to identify the right stocks. The high quality of quotes and trade execution is certified by an independent system Verify My Trade. An audit of 5000 customers’ trades found that the quality of service meets the standards.

• Thus, let’s dive into this Olymp Trade Review without waiting for long and bring to light all points stating how this platform provides you a leading edge in the market.
• It is also crucial to point out that the value of spreads can rise or fall as the market conditions go up and down.
• You’ll have to pay off a significant fee if you want to trade overnight.
• The minimum amount deposit required to start trading on the platform is $10 which makes it easier for small-time traders to try their luck.
• However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket.
• Just visit the mobile app store and download the Olymp Trade app.

AREA OF LEGAL PRACTICE

Fixed Time Trade trading involves buying or selling a contract before a certain date (expiration) and getting specified returns. The risks of using this instrument are strictly limited, which prevents traders from getting a negative result like losing a larger amount than that of the investment. The Olymp Trade makes sure that every visitor on this fantastic online trading platform doesn’t encounter any confusion. Olymp Trade has been one of the strongest players in the financial industry. Over time, the platform has earned a high status in the online trading marketplace. Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit.

Olymp Trade is an A-recognized member of the International Financial Commission which enables the platform to cover unfair trade practices up to $20,000. The minimum amount deposit required to start trading on the platform is $10 which makes it easier for small-time traders to try their luck. Olymp Trade app also provides easy access to learning material which enables new traders to get acquainted with the system easily. It also offers you the assistance of forex for testing your knowledge.

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At the same time, it may very well complement other mechanics offered by Olymp Trade and serve as a diversification element. Stock Price Trades offers traders a choice of more than 60 stocks to trade which includes internationally famous corporate giants as well as public companies that represent very specific market sectors. The company has been a Category A member of the Financial Commission since February 2016, which guarantees traders reliable service and the protection of their rights. According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period.

EUR/USD news

You can go with it even though you are an Android phone user or iOS user. Just visit the mobile app store and download the Olymp Trade app. Today, the brand continues to evolve, and the awards that this online trading broker has achieved witness it. Every year, the company is setting a new record for its success. The brand has built a large repo in the online marketplace, which has become famous among young traders. Therefore, being a small investor, this place can prove to be a reliable option.