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olymp trade. reviews?

Discussion in 'Binary Options Brokers Discussion' started by MarvelPole, Jan 18, 2017.

  1. Yorley

    Yorley

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    For the most part, the differences relate to the cryptocurrency charts. I always have the cryptocurrency exchange chart and Olymp's chart visible at a glance. I see that the divergence is bigger than the commission amount. Regarding the conventional currencies like euro, I see no difference.
     
  2. Richards

    Richards

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    Try to compare at least one cryptocurrency, for example, bitcoin on different exchanges and you'll see the difference there, too. That's OK. At the moment, the bitcoin exchange rate on Olymp is closer to the exchange rate of Exmo. In fact, Olymp averages rates from different exchanges. The rate is not important because depositing and withdrawing can't be done in crypto. It's important to know if Olymp broadcasts price changes correctly. There's no problem with that.
     
  3. MarvelPole

    MarvelPole

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    If there are no common rates, then how are disputes resolved? I'd like to know just in case.
     
  4. Vernessh

    Vernessh

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    I was trying to figure this issue out at the stage of preparation. If there is a claim to the charts and the support wouldn't help, after two weeks from the filing of the claim, you can contact the international financial Commission. The Commission adjudicates disputes as an independent arbitrator. The trader does not bear any costs. So yeah. Yes, they also conduct independent monitoring of charts.
     
  5. Yorley

    Yorley

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    I think support should address issues from the broker's perspective. That is, in case of a complaint from the trader, their verdict will be unambiguously reached in favor of the broker.
     
  6. Vernessh

    Vernessh

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    It all depends on the type of the problem. You should agree that incorrect prices of 1-2 points are most likely associated with technical problems on the trader's side. For example, packages get lost or the platform is frozen. 2 weeks is enough to clear that out. If you're not satisfied with the answer from the support, you can contact the Commission. In general, before you trade on the Internet you need to be sure of the quality of communication. There is a ping program. It's really helpful :)
     
  7. Mazi

    Mazi

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    Are you suggesting contacting the Russian regulatory commission of a Russian broker? You must be joking)
     
  8. Vernessh

    Vernessh

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    I am not joking at all. The commission is registered in Hong Kong and in London. This is an international organization.
     
  9. Mazi

    Mazi

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    I see. In general, how high is the risk that a broker will not pay money?
     
  10. MarvelPole

    MarvelPole

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    Do you mean the withdrawal of money? It seems to me that dishonest brokers will make it more difficult for a trader to work (if he is successful) than close orders or slow down the withdrawal of funds. The reason is that if the evidence of such a case gets on the Internet, it will bring immense irreparable harm to the reputation of the broker.
     
  11. Vernessh

    Vernessh

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    Yes, I had a similar case. I earned good money, starting with a small deposit and increased it hundreds of times. As a result, the broker increased the execution time, but did not dare to close the withdrawal. In the end, I just withdrew all the money earned.
     
  12. Mazi

    Mazi

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    Teach me how to increase the deposit, please) Can you please tell me if there is any simple but working strategy?
     
  13. Astirewien

    Astirewien

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    I will have to disappoint you. Based on my experience - there is no such strategy. Otherwise, everyone could grow up the deposit from the start without any knowledge and experience. And be in black always.
    And where would the money come from in this case, so everyone could earn? lol
    Successful traders differ from the losers by the ability to learn more, to practice more, to analyze more, to stay in focus longer and keep going until the success comes. At least, I think so, and my experience confirms this theory overall.
    I would recommend you to stop looking for the the gold mine. However it doesn`t mean you should stop at all. Trading can change your life. The thing is you will have to work hard.
     
  14. Chionao

    Chionao

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    And what exactly do you mean by practicing, what exactly to analyze? I have recently joined the Olymp Trade and I understand that I have to learn. The success won’t come immediately, I get it. where to start at least?
     
  15. Astirewien

    Astirewien

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    Well, everything is simple with the start – read all the education tab in the broker' site (I checked - olymp trade have such one). There you will receive basic strategies and technics – they will not make you rich. Nevertheless you will test them and get the understanding of what and where to change to improve the results. Maybe, it will not work out from the first time, but this is what I call the practice.
    You should learn from those, who really make some good money. If you find the books written by successful traders – don’t be too lazy to read them, complete the courses, especially if they are free…And this already will be a lot, the majority of newcomers simply don’t have enough patience to do all this. Thus you will be already better than half of your “colleagues” ;)
     
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