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.

Most Searched Stocks

The price chart can be presented as Japanese candlesticks, bars, HeikinAshi candles or a line chart. No matter whether you’re trading through mobile or desktop, if you’re using Olymp Trade, you can invest at any time, anywhere. If you are afraid of putting your money for trading via a random trading platform, you can check its licensing.

Payment Methods provided by Olymp Trade

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. In the first iteration, the company traders will receive Starter, Advanced, or Expert statuses.

Investing with Olymp Trade: The Hobby that Pays

• Though, in terms of education, the platform assists new traders a lot.
• 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.
• 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.
• No matter whether you’re trading through mobile or desktop, if you’re using Olymp Trade, you can invest at any time, anywhere.
• This online broker allows you to put your strategy into execution that often surprises you when you draw profitable outcomes.
• Before you invest your hard earned money in financial markets, you are given the opportunity to practice and build a solid foundation of skills.

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. Pensions to persons suffering from cancer, tuberculosis and leprosy. The ‘alert list’ is not exhaustive, says the RBI, adding that it is based on what was known to the RBI till September 7, 2022.

RBI puts out alert list of illegal forex trading sites

These markets are helping people around the world in making their lives sustainable. Before you invest your hard earned money in financial markets, you are given the opportunity to practice and build a solid foundation of skills. Olymp Trade is a platform focused on making trading accessible to all. Investment is seen as one of the best hobbies, as it allows you to take advantage of the most traded financial market in the world, using the simplest trading instrument. Forex trading is by far the largest financial market with more than $5 million in daily volume, whereas options trading are the easiest instrument to learn.

The names that have been added to the RBI’s Alert List

However, you might have found this same thing in other online trading platforms too. 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. Fixed Time Trade trading involves buying or selling a contract before a certain date (expiration) and getting specified returns.

• The high quality of quotes and trade execution is certified by an independent system Verify My Trade.
• Head Coach Kevin Stefanski downplayed the absence, emphasizing the voluntary nature of the program.
• 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.
• Ensure that the platform can close your account if you haven’t maintained a sufficient balance in your account.

Request you to analyze my Fraud happened with me on Olymp Trade issue

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. With a plethora of trading options and services, the platform is on the rise in the market.

Popular Stocks

You can choose between standard to VIP trading account to start trade. 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.

But the rest of the features that this Trading Platform offers you are truly attractive. The platform runs under IFC regulation, which isn’t a reputable regulator, and that may cause a little hitch in your decision to choose Olymp Trade for trading. Though, the spreads you get in a standard account are only 1.1 pips. The video tutorials, webinars, and interactive courses are some of the best things you get with this online broker. However, it often becomes hard for a few traders to trust IFC regulatory bodies because it isn’t that famous. The regulation and licensing describe the reliability of any online marketplace related to monetary exchange.

Is Olymp Trade legal in India?

• Analyze the market sentiments & identify the trend reversal for strategic decisions.
• Traders can later enable their real accounts and start trading practices with their own money.
• For new traders, a demo account has always been the first helping hand.
• Olymp Trade is a platform focused on making trading accessible to all.
• It should be noted that there is a full economic calendar on the Olymp Trade platform, so no important news can be missed.
• Olymp Trade mobile apps have the same atmosphere of active trading and can become an essential part of a trader’s career.

Overall, Stock Price Trades is a truly user-oriented trade mechanic. It may be a primary trade mechanic for those who want to invest long-term in a relaxed manner. 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 Olymp Trade Platform 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.

What is the Olymp Trade app and is it legal and safe in India?

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. 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. 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.

Forex mode on the Olymp Trade platform attracts users with its usability, a simple mechanism of placing the orders to fix the profit (take profit) or limit the loss (stop loss). The platform uses high-end encryption, which provides full protection to the user’s data. Every market follows a varying timeframe and you may find yourself restricted to invest in your favorite asset.

Why Choose Olymptrade for Binary Options Trading?

If you’re opting for a bank transfer, you may have to wait for a few hours or an entire day. It’ll be best for new traders to skip this point if you haven’t yet grasped the vital information related to leverage. You’ll have to pay off a significant fee if you want to trade overnight. Apart from this, the platform also charges a subscription fee and inactivity fee.

The full list of unauthorised forex trading platforms

• Whenever you wish to make a well-informed decision, this app will always assist you.
• Myles Garrett, Cleveland Browns’ star defensive end, was absent from voluntary OTAs, attending the Crunchyroll Anime Awards in Tokyo with Chloe Kim.
• The ‘alert list’ is not exhaustive, says the RBI, adding that it is based on what was known to the RBI till September 7, 2022.
• 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.
• However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket.
• Fixed Time Trade trading involves buying or selling a contract before a certain date (expiration) and getting specified returns.
• All concepts, strategies, and tools are explained in simple language to ensure even the newest traders can learn everything necessary and become successful.
• Traders desired to experience a wide range of financial instruments offered under genuinely user-oriented terms.
• It is a perfect solution for those who enjoy getting predictable financial results.

Mainly for those users who often go a little overwhelmed after seeing too much technical on an online trading platform. Trading strategies, indicators, and analytical tools are essential for a trader. All concepts, strategies, and tools are explained in simple language to ensure even the newest traders can learn everything necessary and become successful. The site’s automated assistant answers traders’ questions as soon as they appear in the education section. The company’s commission for the executed trades is minimal, and traders aren’t charged extra for depositing or withdrawing their money.

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. 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.

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. “Resident persons undertaking forex transactions for purposes other than those permitted under the FEMA or on ETPs not authorised by the RBI shall render themselves liable for legal action under the FEMA,” it added. Perhaps it’s a helpful thing for beginners, but it isn’t for expert traders who have significant capital to invest in. For traders, trading on this platform becomes much easier as this entire platform is easy to navigate. Every option is well-organized that delivers easiness in the trading activities.

Key data points

The demo account by Olymp Trade is a complete copy of the premium account. So make sure you’re choosing the same mode of payment while depositing and withdrawing the money. Though, the platform will never accept your withdrawal request from the different payment options. Every feature of this mind-blowing trading platform is clear and concise. Amid the trading, if you encounter any issues, the chat function also pops up on the screen.

• Respecting the recommendations of the users, the trading app introduced the Stock Price Trade service.
• The RBI says people can undertake forex transactions only with “authorised persons and for permitted purposes”, in accordance with the FEMA rules.
• 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.
• If you make a trade up to £5,000, you also get the opportunity to interact with a VIP consultant personally.
• The site’s automated assistant answers traders’ questions as soon as they appear in the education section.
• If you’ve never stepped into a fully digital trading platform, it’s the best way to move on.
• In the first iteration, the company traders will receive Starter, Advanced, or Expert statuses.

Affectionately termed ‘Jensanity’ by local media, Huang’s arrival drew fervent crowds seeking autographs and glimpses of the AI icon. He attended a high-profile dinner with Taiwanese tech leaders and was a guest of honor at the World Masters Games opening ceremony. Myles Garrett, Cleveland Browns’ star defensive end, was absent from voluntary OTAs, attending the Crunchyroll Anime Awards in Tokyo with Chloe Kim.