New traders have so many fears and concerns when choosing a new broker to trade with.
And, while some of these fears are relateable and concerns genuine, only a few brokers even try to work effortlessly to ensure a seamless trading experience for traders.
Spoiler alert” –
Olymp Trade was voted by the Forex Awards as both the best mobile trading app and the best investment broker in 2021.
Is Olymp Trade the best trading platform in India?
The question of whether Olymp Trade is the best trading platform in India can only be answered by Indians.
As such we will pick reviews from different broker review sites in India to make the biggest part of our decision-making process.
Besides that, we will also look at the broker platform itself and try to find out features that are greatly loved in India and that make it stand out from the rest of the competition.
Olymp Trade Broker Review by Indians – Safety Concerns.
“Yes, using Olymp Trade is safe for an Indian User.
Olymp Trade tries its best to give the best possible experience to its traders.
Included in this service is them providing enough safety measures to ensure that every trader is trading safely.
Part of this is a secured login process through two-factor authentication.
Another thing is, withdrawal and deposit modes are safe when using Olymp Trade as they go to a secure system.
When you’re with a safe trading platform, you won’t have to worry about your account security anymore. You can dedicate your time to just studying trading strategies and be better at it.”
“Yes, but it’s not monitored by SEBI or RBI. It’s completely safe otherwise. But it is a member of IFC.”
Is Olymp Trade a Scam?
Rosemary Amaechi – A highly motivated novice trader.
” Originally Answered: Is Olymp Trade a scam? If not, what is the proof?
I was very cautious before choosing the Olymp Trade platform, I saw many controversial reviews, some of them were clearly positive and some of them were very negative.
But I also saw how they respond to all these reviews, they really care about their reputation and try to solve the trader’s problems.
So I continued my research because I found the platform really easy to start with and didn’t want to refuse the idea of trading with it. These are my reasons why it is definitely not a scam:
- The platform has a verified Facebook account, it’s got a quite high rating for a financial service. Facebook usually is very strict with any scams and reacts fast, the account was created in 2015 and still remains active. They also reply within a few hours according to Facebook, which means they are open to discussions.
- Olymp Trade is regulated by an independent organization called the International Financial Commission, any trader can file a report and get compensation if the problem was on the platform’s side. I’ve googled the official certificate and surfed through the FinaCom, it looks pretty serious.
- There are many communities about Olymp Trade, where traders provide their results and share experiences. I tend to believe that they couldn’t have scammed all these people. I also found many Quora users who have been trading on this platform for years.
- Recently, I created an account and after the verification, have withdrawn a small sum just to be sure that everything is okay. I got money on my card within a day.
There is a high chance of facing scams on a financial market, but Olymp Trade is surely not one of them.”
We could continue posting reviews from other sites but that would only fill our post with what’s already on the internet.
Back to our main topic,
Is Olymp Trade the best trading platform in India?
Let’s hope it is.
Now let’s look at some of the features that make Olymp Trade uniquely superior to other brokers.
- You can access and trade with Olymp Trade in Hindi.
- Olymp Trade has a large trading community for Indians.
- Free trading advice from experts.
- Free education materials.
- Good customer service.
- Demo account.
Access and trade with Olymp Trade in Hindi.
Though Olymp Trade started by providing only one language, English, it has in over the years of its existence added more languages on the platform.
As of the time of writing this post, Olymp Trade can be accessed in over 10 different languages including Arabic and Hindi.
The best part, you can always switch back to English or to any other supported language when you feel like it.
Would you like to start trading in Olymp Trade in Hindi? Create your account.
Olymp Trade has a large trading community for Hindi Traders.
Unlike on other Forex platforms, Olymp Trade has different communities for different Geos.
Meaning, if you are in Africa, you can join Olymp Trade trading communities for the geo and get to interact with other traders informally and in a language you both understand.
If you are in India and would like to get the view of other traders from the Asian Geo, you can as well join Olymp Trade trading communities for Asia or India to be specific.
You can find the Olymp Trade official communities for India on Facebook, Twitter, Telegram among other popular social networks.
Free trading advice from experts.
If you fancy privacy and would like to get curated advice personalized to you, then why not seek advice from Olymp Trade experts?
Besides using your VIP right to seek personalized advice from the Olymp Trade platform, you can also reach out to self-taught traders like me and ask anything about trading in Olymp Trade.
I’ll be quick and glad to reply to you. And so will other traders with blogs, and/or trading channels in India.
Free education materials.
Learn before you earn.
Ever come across this phrase in any trading community?
Well, it just means what it says. Learn before you earn.
If you ask me, I’ll say Olymp Trade has one of the most advanced knowledge centers in FTT trading and it’s free and accessible.
Another thing, you can learn how to trade in Hindi.
Good customer service.
Being new to trading, you will often get questions that need answering urgently.
These questions could be about making your first deposit in Olymp Trade, making your first withdrawal with Hindi wallets, or generally about trading.
If you don’t find answers to these questions in the Olymp Trade knowledge center, you can opt to contact Olymp trade direct in India or begin a live chat in the help section.
Whichever method you choose, you will get an Olymp Trade agent live and ready to help 24/7.
A good broker must always have a demo account.
What is a demo account?
It is a type of trading account often filled with virtual cash for traders to use to: –
- Familiarize themselves with the trading platform.
- Practice how to trade.
- Create trading startegies.
- And to test new trading strategies.
At Olymp Trade the demo account is issued to all new traders and it comes with $10,000 for trading practice.
And don’t forget that trading with the demo account is just like trading with a live account except the demo account relieves you of fear of losing real cash while experiencing the real market conditions.
Should your demo account be depleted while practicing how to trade, you can replenish it for free to the original $10,000.
Don’t have an account in Olymp Trade? Try the demo account for free.
Olymp Trade can be accessed via any device: –
Is Olymp Trade The Best Trading Platform in India?
You tell me.
I’m waiting to read your thoughts in the comments section.