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

The minimum amount deposit required to start trading on the platform is $10 which makes it easier for small-time traders to try their luck. Olymp Trade app also provides easy access to learning material which enables new traders to get acquainted with the system easily. Once registered, each trader will get a free demo account to practice risk-free trades. This account trades exactly like the live accounts on the platform with live quotes for all currency pairs, indices, and commodities using Olymp Trade Demo Dollars. Each trader has 10,000 Demo Dollars, which can be replenished an unlimited number of times.

RBI puts out alert list of illegal forex trading sites

According to various sources, Olymp Trade is not technically illegal in India but it is in no way monitored or controlled by SEBI or RBI. This means if a trader faces any issues with regards to the app’s transactions or collections then Indian authorities will not be able to help. As Olymp Trade is not regularized by Indian authorities, various Indian banks are not dealing with the platform directly, only some international Devit/Credit are accepted on this platform.

• 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.
• Various methods of investing can be used on Olymp Trading which keeps new traders from making uninformed decisions.
• If you’re opting for a bank transfer, you may have to wait for a few hours or an entire day.
• All these plus points draw trader’s attention towards the online trading broker.
• Therefore, being a small investor, this place can prove to be a reliable option.
• Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.
• Olymp Trade app also provides easy access to learning material which enables new traders to get acquainted with the system easily.

Investor alert! RBI says forex trading on these 34 platforms is illegal

It also offers you the assistance of forex for testing your knowledge. 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. In February this year, RBI had warned people against trading forex on unauthorized platforms following growing reports of people falling prey to such entities. The central bank has said people should not undertake forex transactions on unauthorised ETPs or remit or deposit money for such transactions. Those indulging in illegal forex transactions can render themselves liable for legal action under the FEMA. Olymp Trade is one of the cheapest alternatives for new traders to start trading.

Olymp Trade launches Stock Price Trades

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.

Financials

Head Coach Kevin Stefanski downplayed the absence, emphasizing the voluntary nature of the program. Garrett’s trip follows his recent contract extension, and his appearance with Kim has sparked relationship speculation.

• 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.
• Olymp Trade has announced an introduction of a service levels system.
• 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.
• However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket.
• Myles Garrett, Cleveland Browns’ star defensive end, was absent from voluntary OTAs, attending the Crunchyroll Anime Awards in Tokyo with Chloe Kim.

About Olymp Trade & Accepted Countries

The minimal deposit amount is $10 (or €10, if that’s the account currency), and one needs as little as $1 to open a trade. 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. Ads of many such platforms can also often be seen on popular social media platforms including YouTube.

Olymp Trade Introduces a Better Way to Trade With Forex Platform in India

It is also crucial to point out that the value of spreads can rise or fall as the market conditions go up and down. However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket. Whenever you wish to make a well-informed decision, this app will always assist you. If you have a question you can always find the answer through the automated assistant or a help centre.

India’s Top 50 NBFCs Ranking 2017

• Manage your money efficiently with this weekly money management guide.
• Olymp Trade Forex is perfect for those who want to develop as a trader and get great results.
• Mainly for those users who often go a little overwhelmed after seeing too much technical on an online trading platform.
• An audit of 5000 customers’ trades found that the quality of service meets the standards.
• Once all of the required information is entered, you can start practising with your demo trading account.
• Surprisingly, Olymp Trade offers attractive deals and bonuses for its clients from time to time.
• Therefore, the financial side of the new mechanic is also designed in favor of traders.

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 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.

Trump faces $2 trillion hurdle to win money from Saudi Prince

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.

Investing with Olymp Trade: The Hobby that Pays

In the demo account, the virtual account balance of £10,000 allows you to trade in a virtual environment. Whatever the features you’ll use in the premium accounts, you can get a glimpse of every pinpoint at the demo account. If you love putting your smart strategies while trading and always prefer multiple trading options, then Olymp Trade will surely be made for you. Ensure Join Olymp Trade that the platform can close your account if you haven’t maintained a sufficient balance in your account.

Popular Stocks

Also, the market situation can influence the fee structure set by the broker. You can go with it even though you are an Android phone user or iOS user. Just visit the mobile app store and download the Olymp Trade app.

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.

Today, the brand continues to evolve, and the awards that this online trading broker has achieved witness it. Every year, the company is setting a new record for its success. The brand has built a large repo in the online marketplace, which has become famous among young traders. Therefore, being a small investor, this place can prove to be a reliable option. Here, you can confidently invest your hard-earned money and secure a highly profitable position.

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.

Traders desired to experience a wide range of financial instruments offered under genuinely user-oriented terms. Respecting the recommendations of the users, the trading app introduced the Stock Price Trade service. There are trading strategies, workshops and webinars from the company’s analysts for traders of all levels in the “Education” section of the platform. It should be noted that there is a full economic calendar on the Olymp Trade platform, so no important news can be missed.

• The company’s commission for the executed trades is minimal, and traders aren’t charged extra for depositing or withdrawing their money.
• You’ll have to pay off a significant fee if you want to trade overnight.
• However, it often becomes hard for a few traders to trust IFC regulatory bodies because it isn’t that famous.
• According to various sources, Olymp Trade is not technically illegal in India but it is in no way monitored or controlled by SEBI or RBI.
• Deposits can be made quickly and easily through one of For a VIP account, you must deposit the required amount (approximately $2000).
• For traders, trading on this platform becomes much easier as this entire platform is easy to navigate.
• Especially if you’re planning to invest in Forex Market that doesn’t remain open for all time.

Manage your money efficiently with this weekly money management guide. Analyze the market sentiments & identify the trend reversal for strategic decisions. Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks. Olymp Trade Forex is perfect for those who want to develop as a trader and get great results. Meanwhile, the RBI’s list of authorised ETPs includes FX-CLEAR, NDS-Call, NDS-OM, CROMS, TREPS, ASTROID, and FX-SWAP — they are all operated by Clearcorp Dealing Systems (India) Ltd.

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.

• He attended a high-profile dinner with Taiwanese tech leaders and was a guest of honor at the World Masters Games opening ceremony.
• But the rest of the features that this Trading Platform offers you are truly attractive.
• Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited.
• Olymp Trade created its free educational material and built-in automated assistant, keeping the new traders in mind.
• The platform is famous for its loyalty and high-end efforts that satisfy its clients a lot.

Download ET App:

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 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.

Though, the country where you reside is the chief deciding factor in whether you can trade in a particular asset or not. Don’t worry then; the Olymp Trade Mobile app here comes up as the best option for you. Olymp Trade holds a reputed position in the industry since its first operation in 2014. The platform is famous for its loyalty and high-end efforts that satisfy its clients a lot. Thus, let’s dive into this Olymp Trade Review without waiting for long and bring to light all points stating how this platform provides you a leading edge in the market. Nvidia CEO Jensen Huang’s visit to Taiwan for the Computex trade show has sparked immense excitement.