Olymp Trade - olymptrade.com

[Markian]

I've been trading with Olymp Trade for a while. The broker's got good execution and is reliable. Always withdraws on time, never complains about the strategy I chose. All in all if I'd have to grade the broker, I'd give it a 9 out of 10. I'd like to know the opinion of other traders about this binary options broker. If anyone has something to say about the broker - please write.

[Zokhan]

Why would you give him 9 out of 10? Why not 10? What is the broker lacking in your opinion? 

[Markian]

In my view, the broker's got enough of everything, the only thing is, they could make the withdrawal automatic, so that it would happen in 5 minutes, then I would give all 10 stars.

[Marco]

I agree with you that the broker isn't bad, in terms of automatic money withdrawal, I don't really care, because I don't withdraw money so often, and besides I don't mind waiting.

[Trituy]

Have you been trading for a long time? I also like binary options, but I can't seem to find a decent broker.

[Marco]

I've been trading for over 6 months. I can say it's a pretty good company with a good trading platform, excellent execution and honest money withdrawal.

[Trituy]

You're outright praising this broker. It seems suspicious. I've never met a broker who is absolutely happy with their broker.

[Marco]

I've never said I was absolutely happy. I've just outlined a couple of aspects which this broker is actually good at. Olymp trade is not a perfectcompany or anything. But I can work with it and put up with minor flaws. 

[Markian]

I can back it up, this is a good company and you can trade with them. I've been working with them for about six months now. I've never had any problems, they pay money and don't mess with my trading. That's all that I need.

[Trituy]

You've said that the broker is not perfect and there're some moments that you're not happy with. Could you be more specific? 

[Marco]

As for the things I don't like, they are mostly my own cavils and not the broker's flaws. For example, I don't really like the site color scheme.

[Markian]

So those are your predilections that might be absolutely of no importance for others. For example, I couldn't care less about their site color scheme…

[Marco]

Well, and one other thing. It'd be great if risk-free trades were available on standard accounts and ony for vip clinets. 

[Markian]

Are you sure about that? Standard accounts have risk-free trades?

[Marco]

Oh, sure, you're right. It's just that I've tested a new strategy on a demo account and there were no risk-free trades. I'm sorry.

[Grondo]

Risk-free trades reduce your profit quite a bit. I think it's a double-edged sword of sorts.

[Marco]

Yes, the return is lower but, then again, you minimize the risks and losses. And the profit can be compensated with more trades or option price.

[Grondo]

I only partly agree with you. The more trades you've got, the higher the risks you'll lose the deposit pretty quickly, isn't that right?=)

[Marco]

If you're good at risk management and market analysis, then the number of trades won't affect the total risks.

[Grondo]

Well, maybe you're right. And what are your thoughts about closing trades before expiry?