Is Olymp Trade Malaysia A Legit Broker?

Posted by Zandra Faye on September 25th, 2019

Olymp Trade is one of the names that many Malaysian traders choose for. It is a broker that offers a good opportunity for people that want to make extra money in the financial market.

Olymp Trade Review Malaysia

Olymp Trade began in 2014, one of the most popular options trading brokers and owned by Smartex International Ltd in Seychelles in Cyprus. It offers Options Trading, Stocks, Forex and of course Cryptocurrencies. It differs from other platforms due to its extensive range of assets. And one of its essential advantages is their free demo account and low entry-level available for every trader. It does not charge any transaction or hidden fees to traders, a small fee is an exception for keeping a forex position open overnight.

The platform provides its customers to start trading with as low as . Also, you can start your first trade with as low as just which appears to be very tempting and every type of trader can start their trading journey by putting huge money into risk.

Before you choose to open an account at Olymp Trade, you need to remember that there are two types of account available. To begin your trading journey you can choose to open either a demo account or a standard account. Let’s check the difference!

Demo account - Any trading platform starts with a demo account since everyone starts as a beginner. To start trading you need to register with a demo account and if you already have enough knowledge and skills, you can proceed to the real money account.

Standard account -In this account, you require to make a minimum deposit of . This deposit will grant you access to ,000 as virtual money in your demo account.

Olymp trade deposit Method

You get to enjoy trading with the minimum deposit of   and you can use its ,000 as virtual money in your demo account. The minimum trade-in Olymp Trade is just which is a very small amount for new traders and a free demo account.

Conclusion

Trading needs knowledge, it is like going to a battle. It is very important to know how to use the tools and be prepared with your strategies. Compared to other brokers Olymp Trade Malaysia is a good trading platform for any types of trader. Overall the trading platform is user-friendly for new and experienced traders.