I would not advise olimp trader! I traded on a demo account with fx, multiplied the depo in 2 weeks. I thought that all my strategy was working. I recharged my account for $100, I traded using the same strategy. And what do you think... I poured everything in 4 days, and I respected money and risk management. Quotes at the last second closed in the negative. Very negative feedback from this broker. I am also suspicious that when you deposit the account the broker charges up to 50% bonuses (as if saying that you are going to sell this money anyway). Imagine depositing $5000 and receiving $2500 bonus and you end up with $750 on your account. I think if the broker wouldn't drain the deposit, they wouldn't give such a bonus for anything in life. (It's very logical). Maybe I was unlucky, I don't know. But in general I don't recommend this broker.
Olymp Trade
Alfred13 May 2019 at 17:27
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Hello Alfred!
We're sorry that you have a negative impression of working on our platform.
Welcome bonuses, discounts - a common practice for most companies, you agree. In our case - it is a kind of "safety cushion". It gives new traders a chance to learn before making risky deals because we want our traders to be successful!
Like any other business, trading on the financial market requires knowledge and practice. You must apply a certain strategy based on the situation you see on the chart and only after a careful analysis of the price movement.
Try to analyze your transactions, both successful and unsuccessful, to identify patterns. If you have any questions, feel free to contact us - we are always happy to help!
Regards, Olymp Trade CIS team.
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I would not advise olimp trader! I...
I would not advise olimp trader! I traded on a demo account with fx, multiplied the depo in 2 weeks. I thought that all my strategy was working. I recharged my account for $100, I traded using the same strategy. And what do you think... I poured everything in 4 days, and I respected money and risk management. Quotes at the last second closed in the negative. Very negative feedback from this broker. I am also suspicious that when you deposit the account the broker charges up to 50% bonuses (as if saying that you are going to sell this money anyway). Imagine depositing $5000 and receiving $2500 bonus and you end up with $750 on your account. I think if the broker wouldn't drain the deposit, they wouldn't give such a bonus for anything in life. (It's very logical). Maybe I was unlucky, I don't know. But in general I don't recommend this broker.