Olymp Trade BotswanaOnline trading platform for Options and Forex trading in 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.
Olymp Trade Botswana Company Overview
Olymp Trade in Botswana is an online platform for trading Forex and digital options. Joined the market in 2014 Since then they have improved step by step the old interface to make the platform seamless and lucrative for the trader needs.
General Information on Olymp Trade
- Regulated by the IFC
- 24/24 – 7/7 Working Days
- Hotline #1 : +27 (21) 1003880
- Hotline #2 : +54 (11) 59175747
- Email: firstname.lastname@example.org
Open a Free Demo Trading account with Olymp Trade to try its features before you make a decision to use their trading platform. The Demo Account come with no obligation to open a live account. You need not make any deposit to trade in a demo trading account. Hence, it is safe to practice in a demo account of Olymp Trade Botswana.
Free Demo Account
Olymp Trade Review Botswana
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!
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.
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 Platform Features
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.
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.
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. Proper money management is recommended while using this service.
In the same broker volatility option explain the client more about trading sessions and how to determine the volatility during the session’s trading.
Funding Methods Olymp Trade
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.
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 has a bunch of payment methods that are listed below :
Bank Cards: Visa and MasterCard
Electronic payment systems: known as e-wallet including ePayments, Neteller, Skrill, WebMoney, Qiwi Wallet, Yandex, Fasapay
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 – Trendlines, Fibonacci, Horizontal lines, Multi Chart type (Line, Heikin-Ashi, Candle Sticks, Bars ), and Variable Time Frame Scale.
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 :
- Phone Callback
Note that email query will be responded under 1-2 business days as a limit three days from sending date.
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 Numbers
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.
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.
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.