Forex vs Olymp Trade

Forex vs Olymp Trade

Forex vs Olymp Trade - Can Forex Be Traded At Olymp Trade

Forex trading is speculating on the movement in value of a Forex pair. Going long on a Forex pair is speculating that its direction will be up relative to the starting value at the end of the trade. Going short is speculating that its direction will be down relative to the starting value. The trader can apply a wide range of analysis to find a basis for believing that its direction will be up or down.

Forex vs Olymp Trade
BrokerTrading PlatformsDescription
Olymp Trade
Broker
Web Trader, Desktop Download and Mobile App
Trading Platforms
Olymp Trade offers Forex trading with Multipliers up to 500x on its user friendly platform, with a low minimum deposit of $10
Description

It is possible to trade Forex in such a way that the trade can be structured to set a fixed time and payout, based on direction. Olymp Trade offers this kind of Forex trading. However open ended trades where the trader decides to end a trade are also possible at Olymp Trade, as it also offers Forex trading with Multipliers.

Multipliers have similarities with leveraged trading, however they limit the loss to the traded sum. Multipliers are available up to 500x. 70+ Forex pairs offered on Olymp Trade's user friendly platform. Trade sizes are from $1 to $2000+ (the maximum depends on the level of the trader and the market). There is a commission charge for a Forex trade, which is shown on the platform when placing a trade.

To trade Forex with a Multiplier, the trader selects a Forex Pair, a trade size, a Multiplier (up to 500x) and then a trade direction (Buy or Sell). A Take Profit and Stop Loss can also be set. Losses are limited to the traded amount.

Payment methods supported by Olymp Trade include Credit/Debit Cards, Neteller, Skrill, UnionPay, Perfect Money, Advcash, WebMoney, Bitcoin, Tether (ERC-20) and Ethereum. The minimum deposit is $10.

Olymp Trade