Olymp Trade Botswana

Olymp Trade Review Botswana

Olymp Trade is the choice of Binary Options and Forex traders in Botswana. The recent addition to Olymp Trade is MT4 platform for Forex and CFD trading. It gives Olymp Trade Botswana the status of a full-fledged Forex trading provider. The Binary Options platform is one of the best in the industry, and the traders from Botswana can avail up to 100% bonus on their first deposit. In this Olymp Trade Review Botswana we will explain how to trade on Olymp trade and get a bonus

Olymp Trade Review Botswana – Account Types

Practice account

This platform offers traders an opportunity to trade into the demo account with a balance of 10,000$ USD to be able to practice trading skills and knowledge like strategies, money management plan and to get more familiar with the platform. Open your Free Demo Account Now!

Standard Account

This broker has as default and accounts for live trading with real money starting with a minimum investment of $10. The minimum trade size starting from $1 USD, and a maximum trade size of 2,000$ with a high yielding percentage so the client can make higher profits.

VIP Account

The traders who deposit more than 2,000$ become eligible for the VIP Status and get a higher payout along with other premium features. Few of the VIP account features are –

• Profit Payout : +92%
• Maximum Trade : 5,000$
• Personal Manager and Expert Training
• Exclusive strategies and Private VIP Webinars
• Risk-Free trades and Bonuses

Olymp Trade Review Botswana – Platform Features

Platform Education

This broker is unique from any other available in the industry. Olymp Trade offers an education section for everyone to learn the Basics of trading, basic strategies, General information about indicators and past webinars recorded and uploaded. This option will boost your level of knowledge and improve your skills.

Economic Calendar

The global economic releases affect the price of all the major currencies. Olymp Trade offers a section for experienced traders even the novice ones the chance to make the fundamental analysis and be able to avoid big volatility and risk of loss or to trade the upcoming news.

Trading Signals

Olymp Trade provided with the sponsoring of investing.com website a way to make your trading more easy and simple to trade with the signal that has not bad accuracy. Kindly don’t over risk while following those signals, some of the signals can be inaccurate and make you lose money.

Volatility

In the same broker volatility option explain the client more about trading sessions and how to determine the volatility during the session’s trading.

Olymp Trade Review Botswana – Funding Methods

Deposit

This broker allows the trader to fund their account with a starting amount of $10 USD in the standard account using the favorite payment method. The funds are generally added instantly to the account balance.

Withdrawal

The clients can withdraw their funds; the fund withdrawal takes 1-3 business days. For the VIP accounts, the fund withdrawal processing takes up to 24 hours.  There is no minimum and maximum withdrawal limit. Please note that withdrawn money can first be sent only to the same source of deposit. The profits can be withdrawn by bank transfers and e-wallets.

Olymp Trade Review Botswana – Payment Methods

Olymp trade payment methods list below:

• Bank Cards: Visa and MasterCard
• Electronic payment systems: known as e-wallet including ePayments, Neteller, Skrill, WebMoney, Qiwi Wallet, Yandex, Fasapay
• Cryptocurrency: Bitcoin

Please note while withdrawing money deposited from bank cards, you only can withdraw the deposited amount and will be marked as the refund from the same company in the bank statement. The profits can be withdrawn to the electronic payment systems, or you can do a wire transfer to your local bank.

The Platform Features and Technical Analysis

This broker provides a bunch of trading tools that help the client make his or her technical analysis. There are over +15 indicators available. They are – Relative Strength Index (RSI), Commodity Channel Index (CCI), Moving Average (MA), Bollinger Bands (BB), Fractal Momentum, and Alligator, etc.

In addition, there are some graphical tools that make the client having more tools to go deep in the analysis. They are – Trend lines, Fibonacci, Horizontal lines, Multi Chart type (Line, Heikin-Ashi, Candle Sticks, Bars), and Variable Time Frame Scale.

Web Trading Platform

There are two types of trading orders including Olymp Trade, Price Order and Time Order. With price orders, you can place an order, depending on your limited price. For time orders, you can place an order at a specific time, which will be executed automatically upon request.

You may not be able to activate alerts and notifications for your Olymp Trade Trading Platform account, but you will be able to see all your past and pending orders. You will also have the option to view past traders with detailed reports of those trades. This will help you keep track of your trades and what could be your next key.

With Olymp Trade Platform, the interface is very simple and easy to use. You will not find any problems with finding indicators, tools and financial markets. A web trading platform is a multi-chart platform, which means you can manage multiple charts at once.

Mobile Trading Platform

There are two types of trading orders with the Olymp Trade mobile application, price orders and time orders. With price orders, you can place an order, depending on your limited price. For time orders, you can place an order at a specific time, which will be executed automatically upon request.

With the Olymp Trade mobile application, you can use your fingerprint as a form to log in to your trading account. The fingerprint recognition feature is very rare because it requires advanced technology despite not having a two-step login process, fingerprint recognition is a good option.

With the mobile application platform, you are able to activate alerts and notifications through your mobile settings. You will see this in the form of a push notification found in the settings of your device.

Overall, the Olymp Trade mobile application is very user-friendly and allows traders. Travelers can never miss an essential opportunity to trade. The mobile application is available for traders including software, iOS and Android. With Android, you can enable the fingerprint recognition feature as another form of login.

Market Research and Trading Tools

Olymp Trade has a wide range of educational materials and resources, which allow traders to be educated on all the essentials for making good trading decisions and finding the best trading strategies. These educational resources include: webinars, video tutorials, trend indicators, blog posts, and the presence of a social media platform.

Olymp Trade is considered to be the trendy and most popular trading providers who use social media to their advantage. Social media platforms like Facebook and YouTube are used to spread educational resources to their traders. Any client interested in learning the trading industry can do so via a live stream via Facebook or join the webinars available on YouTube.

Customer Support Service

Olymp trade provides online support for your query that works from 24/24 and 7/7 with eight different languages available with 15 seconds response. You can reach them via:

• Chat
• Email
• Phone Callback

Cons

• No MT5 platform for Forex and CFD trading.
• Slightly higher spreads on Forex

Is Olymp Trade legal in Botswana?

Olymp Trade is a reliable broker, a member of the Financial Commission of A category. This is proof of the high quality of our services and guarantees each trader deposit insurance, comprehensive support and prompt resolution of all issues. It is legal to trade with Olymp Trade in Botswana; no regulators from Botswana impose a restriction on trading activity. However, you must keep updated with the recent legal developments to stay compliant.

Olymp Trade Review Botswana – Olymp Trade Numbers

Clients

Olymp Trade in Botswana claims that more than 25,000 users are trading every day. This number is not constant as the number is increasing day by day, and new traders are joining this platform to know more about binary options and forex trading and be able to make extra money. Over 247,256 users made trades on a live account, and more than 325,366 users are in practice mode in the last month ( July 2019).

Trades per month

Olymp Trade claims that more than 37,990,740 trades were closed in the last month also $4.7 is the size of the average tradings the previous month.

Trading Volume

This broker claims that they’re literally ramping up every day, becoming a bigger and bigger company with $171,236,104 in turnover in the last month.

Payouts

This broker claims that traders have done their withdrawal $13,681,062 was paid out in the last month for the profitable traders! That’s a huge amount; in addition, the amount of payouts is increasing an average of 7% each month.

Olymp Trade Review Botswana – Conclusion

Olymp Trade is a trading service provider that was created in 2014 in St. Vincent and the Grenadines. It currently has 25,000+ active users, either using their standard account or their VIP account. Olymp Trade is regulated by being a member of the renowned International Financial Commission (IFC), which acts as an intermediary between traders and brokers. In case of any financial misconduct caused by the broker, IFC members are required to submit an annual report as a form of monitoring and evaluation with 20,000 USD financial compensation.

Olymp Trade is one of the most famous brokers. However, they do not accept clients from different countries, including the United States, United Kingdom, and Japan but not limited to. They are one of the very few brokers who have a strong social media presence, using social media as an educational tool for traders to learn.  Check out other leading Online trading platforms in Botswana.