The Olymp Trade online trading platform is owned and operated by Inlustris Ltd.
Since emerging into the online trading markets in 2014., they have been awarded numerous industry forerunner awards and have been proved right by a 25,000 + traders daily. As of 2016, Olymp Trade has been classified as category A broker of the international Financial Commission. Their indemnification fund is €20,000. Read more about this interesting broker in our Olymp Trade Broker Review.
Olymp Trade Account Features
Olymp Trade offers its customers a full range of financial services within the same account. This account is also necessary for working with MetaTrader 4 software. The platform offers quite reasonable conditions for trading: the minimum deposit amount is $10/€10, the minimum trade amount is only $1/€1. А trade amount starts from 0.01 lot when working with MT4. The choice of currency for trading is made during the account registration process. Customers use the same account for trading in any mode.
The company introduced a system of statuses for its customers. It is a kind of development ecosystem for each trader. At the moment, there are three types of statuses available: Starter, Advanced or Expert. These statuses provide traders with a flexible system of trading conditions.
A trader gets a basic status when they make the first deposit. It enables to make up to 82% of an investment in profit and access a free training program.
To get an Advanced status, one should either make a deposit of at least $500/€500 into one’s account or gain 1500 experience points (XP). With this status, customers are able to make trades with a profit yield of up to 84%, get analyst advice and use 7 pre-configured strategies.
To become an Expert, a trader needs to accumulate 5000 XP or invest at least $2000. With this status, the payout rate increases to 92%, and in some cases to 100%. Customers of this group get access to risk-free trades, exclusive trading signals, and personal training.