Olymp Trade is a popular online trading platform that has gained significant popularity in Thailand. With its user-friendly interface and a wide range of financial instruments, Olymp Trade has provided an accessible and convenient way for Thai traders to enter the global financial markets. Traders in Thailand can engage in various types of trading, including forex, commodities, stocks, and cryptocurrencies, all from the comfort of their own homes. In this Olymp Trade Thailand review, we will look closer at the broker’s features, legitimacy, and more.
How to Get Started with Olymp Trade Thailand
1. Research and educate yourself: Before starting, it is crucial to understand the basics of financial markets and trading strategies. Take time to research and educate yourself on various trading concepts, such as technical analysis, fundamental analysis, risk management, and market trends. There are numerous online resources, tutorials, and educational materials available to help you learn.
2. Choose a reliable broker: Selecting a reputable broker is essential for a smooth trading experience. Olymp Trade is a popular choice, known for its user-friendly interface, extensive educational resources, and reliable customer support. Ensure that the broker you choose is regulated by a recognized financial authority to ensure the security of your funds.
3. Open an account: To start trading with Olymp Trade, visit their website and click on the “Register” or “Sign Up” button. Fill in the required information, including your name, email address, and password. You may also need to provide additional details for account verification purposes, such as proof of identity and address.
4. Practice with a demo account: Olymp Trade provides a demo account for practicing trading without real money, enhancing familiarity with the platform, testing strategies, and confidence before transitioning to live trading.
5. Fund your account: Once you feel comfortable with the demo account, you can proceed to fund your live trading account. Olymp Trade offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets.
6. Develop a trading plan: Before executing trades, it is essential to have a well-defined trading plan. Determine your financial goals, risk tolerance, and preferred trading strategies. A trading plan helps you stay disciplined, manage risk effectively, and make informed trading decisions.
7. Start trading: With your account funded and a trading plan in place, you are ready to start trading on Olymp Trade. Explore the available financial markets, analyze market trends, and identify potential trading opportunities. Utilize the platform’s charting tools, indicators, and other features to assist your decision-making process.
8. Monitor and learn: As you engage in live trading, it is crucial to monitor your trades, track your performance, and continuously learn from your experiences. Keep up with market news and trends, adjust your strategies if needed, and always strive to improve your trading skills.
Is Olymp Trade Legal in Thailand?
Yes, It is legal to do transactions with Olymp Trade in Thailand. Olymp trade offers online trading services as a reputed global Financial trading provider. They accept traders from all over the world with few exceptions. And as per the Olymp trade website, online traders from Thailand can trade several Options, CFD, and Forex assets through Olymp trade. Hence, it is legal to trade with Olymp trade in Thailand.
However, you can always seek advice from a legal expert depending on your country of residence. While trading with Olymp trade and making money, you must fulfill the local tax liabilities.
Olymp Trade Trading Platforms
Olymp Trade offers both a mobile and PC platform for users to trade and invest in financial markets. The mobile platform is accessible through a user-friendly app, available for both Android and iOS devices. It provides traders with a convenient way to monitor their investments and execute trades on the go.
The PC platform, on the other hand, offers a more comprehensive trading experience with advanced features and tools. Traders can access real-time market data, analyze charts, and use various technical indicators to make informed trading decisions. Both platforms are highly secure and provide a seamless trading experience, allowing users to trade a wide range of assets, including currencies, stocks, commodities, and cryptocurrencies.
Whether on the mobile or PC platform, Olymp Trade offers a user-friendly interface, educational materials, and excellent customer support to ensure traders have a smooth and successful trading experience.
Lately, Olymp Trade introduced a new feature to its website. The broker allows you to perform trades on MetaTrader 4, which is the most well-known trading platform in the world today. You can guarantee reliability because, with MetaTrader 4, you will have no problems.
It also means more options for new traders. Islamic accounts are now open, something that will be crucial to Muslim traders. Olymp Trade also has robots, spreads start from zero pips, and leverage goes to 1:400, etc. These are just some of the features, so this means that Olymp Trade is on the move and expanding. If you are an expert trader, you know full well how great a MetaTrader 4 is. And because they are aiming for more audience, you can ensure that Olymp Trade is doing well to prove itself in the trading industry.
There are some bonuses that await traders when you fund your trading account on this website. After creating an account, your first option is to deposit within an hour. If you do this, you will get a 100% Olymp Trade bonus. But, the bonus applies only to deposits between 30 and 200 USD or EUR. So, you cannot get more than 200 dollars/euro this way.
But there is another way if you want to get a bigger bonus. Standard Olymp Trade deposit bonuses also start at $30, but you only get 10% with that amount. They go all the way up to 50% for amounts of 5000$. Also, various promo codes can pop up from time to time, depending on the broker.
Olymp Trade offers a Demo Account, Trading Account, VIP Account, and MT4 trading account to its clients. The VIP account comes with privileges and extra features. Its MT4 platform offers regular Forex trading on more than 100 assets with ultra-fast execution speed and low spreads.
Olymp Trade allows you to test the platform for yourself. The broker offers a demo trading account that lets you practice whatever trading skills you might have learned.
It is a way the company can show you that they have nothing to hide. You sign up with the broker, and the practice version of your account will be accessible right away. You don’t need to make a deposit. Once you complete the registration process, you will instantly get 10,000 virtual USD, which you can then open virtual trades to test out your strategies. Also, you can explore all the opportunities this unique trading software offers and see how it works. It is also an excellent tool if you want to learn about trading.
With the Olymp Trade VIP account, you can also receive trading signals from the broker. These signals are a part of the Olymp Trade VIP package. VIP members have their potential profit from a trade increased to 90% and a dedicated personal account manager to help them out with their investment. Also, you can access webinars where you can enhance your knowledge and get tips from trading experts.
The VIP Account starts with a deposit of at least 2000 USD. With risk-free trades and increased profits, there’s a high chance you’ll be able to get your investment back quickly.
You can open a regular trading account with as low as $10 deposit.
Olymp Trade does not limit its traders to Digital Options and Fixed Time trading. It also provides the industry-leading MT4 trading platform with fast execution speed to carry out CFD trading on Forex, Stocks, Indices, and Commodities.
Olymp Trade MT4 platform is especially popular for fast trade execution and low spread on trading with the lowest commission.
The MT4 traders get access to exclusive analytics and webinars free of cost.
Olymp Trade MT4 platform comes with four account types – Demo, Standard, ECN, and Swap-Free Account for Islamic Forex traders.
Before you start trading with Olymp Trade in Thailand, the first thing that you need to do is to fund your account. Olymp Trade deposit is simple to make. You can choose between bank cards (Visa and MasterCard) or one of several e-wallets (Skrill, Neteller, Qiwi, WebMoney, Yandex, or Fasapay). The next thing is you decide on the amount you want to deposit. With Olymp Trade, the minimum deposit requirement is 10 USD or EUR, which is one of the lowest requirements in the whole industry. Also, the broker covers all deposit fees. The amount you deposit will be the same amount that will be transferred to your trading account.
The withdrawal process has to go smoothly if a broker survives in the industry. Traders need to undergo the verification process. It will take one day for your documents (photo ID, proof of residence, etc.) to be processed.
To start an Olymp Trade withdrawal, you have to complete the login and then go to the Withdrawal section of your Dashboard. Keep in mind that you can only withdraw money through the same method you used to deposit them. The processing time can be up to five days, but usually, the requests are approved within 24 hours. The available methods are Qiwi, Yandex, Neteller, Skrill, Fasapay, Webmoney, and bank cards, whereas bank transfers depend on regions. Olymp Trade charges no withdrawal fees either on deposit and withdrawal, which can turn out to be quite an advantage. The minimum requirement for withdrawal is 10 USD or EUR. So we can say that this broker is one of the most flexible ones in this industry.
Olymp Trade Platform Features
- User-Friendly Interface: The Olymp Trade platform offers a seamless and easy-to-navigate interface, making it suitable for both beginner and experienced traders. The intuitive design allows users to access various features effortlessly.
- Analytical Tools: The platform offers a wide range of analytical tools to assist traders in conducting technical and fundamental analysis. These tools include various indicators, charts, and market news, empowering traders to identify trends, patterns, and potential trade opportunities.
- Risk Management Tools: Olymp Trade emphasizes risk management and offers several tools to help traders manage their risks effectively. Traders can set stop-loss and take-profit levels, as well as utilize features like pending orders, trailing stop, and market orders to optimize their trades.
- Social Trading: The platform incorporates a social trading feature, enabling traders to observe and copy the trades of successful investors. This feature allows less experienced traders to learn from experts and potentially replicate their success.
Is Olymp Trade a Trustworthy Trading Platform?
Many people widely regard Olymp Trade as a trustworthy trading platform. An online broker, regulated by the International Financial Commission (IFC), and has been operating since 2014. The IFC licenses and regulates the company, ensuring its adherence to strict financial and ethical standards. Additionally, Olymp Trade offers a user-friendly interface, comprehensive educational resources, and a range of trading tools to assist both novice and experienced traders. The platform also employs advanced security measures to protect users’ personal and financial information. Overall, Olymp Trade has built a solid reputation within the trading community and continues to provide a reliable and transparent trading experience.
Olymp Trade offers a wide range of educational resources to help traders enhance their skills and knowledge in the financial markets. The platform provides various learning materials such as video tutorials, e-books, webinars, and articles that cover a diverse range of topics including technical analysis, risk management, and trading psychology.
The broker has designed these resources to cater to traders of all experience levels, from beginners to advanced traders. With these educational resources, traders can gain a deeper understanding of the markets and improve their trading performance.
Olymp Trade offers efficient and reliable customer support to its traders. Whether you have a question, need assistance with a technical issue, or require guidance on trading strategies, their dedicated support team is available to help. You can easily reach out to them via email, live chat, or phone, and expect a prompt response. Additionally, the Knowledge Base provides a detailed FAQ section answering nearly 50 questions. The broker has a YouTube channel, and they are also active on Facebook. The team consists of knowledgeable professionals who are well-versed in the platform and trading industry, ensuring that you receive accurate and helpful information. With their customer support readily available, Olymp Trade ensures that traders have a smooth and enjoyable trading experience.
Olymp Trade has established itself as a prominent online trading platform in Thailand. Its user-friendly interface, extensive range of assets, and advanced trading tools have attracted a growing number of traders in the country. The platform’s commitment to providing educational resources and excellent customer support has also contributed to its popularity among both novice and experienced traders. As Olymp Trade continues to innovate and expand its services, it is expected to further strengthen its presence in the Thai market and contribute to the growth of online trading in the country.