Although trading in India is a very sensitive topic, it is not illegal to trade digital options and Forex in the Asian country. Brokers can operate in the country without having to obtain licenses from regulators such as SEBI or RBI. Thus, Indians who want to earn extra income through the financial market can easily use Olymp Trade. Suppose you have doubts about whether the company is operating legally in India or not. In this case, you can always contact customer service via email, live chat, or even phone. You`ll always have all the answers you`re looking for, and you can even hold them legally responsible if they tell you something that`s not true. These awards show the hard work and dedication behind such a great trading platform and are also a symbol of credibility for traders around the world. It is much safer to trade on internationally renowned platforms than to register on unnamed and newly created websites. Right? Olymp Trade, a popular international online trading platform launched in 2014, is registered under Saledo Global LLC and is based in St.
Vincent and the Grenadines. The binary options market allows people to choose a schedule for their predictions. For Olymp Trade India, the delay varies from one minute to a month or more. The end of the expiration date determines whether you made a profit on a trade or not. Online retailers are not responsible for this high level of uncertainty because they are not the ones who do it. It is up to the country`s officials to regulate and enact clear and concise laws for online trading platforms. Digital options offer users higher returns, usually in excess of 90%. The Forex market, on the other hand, allows traders to exchange currencies for each other. The performance of currencies determines how traders make profits in this market.
The fact that Olymp Trade has a platform for Indian traders shows how serious they are in providing their services in the country. Customer support is available 24/7 and has published many articles that would help beginners navigate the financial markets. In addition, the Olymp Trade website offers users a free demo account and allows them to practice their strategies that can be implemented during real-time trading. Various investment methods can be used on Olymp Trading, which discourages new traders from making ill-informed decisions. Traders can then activate their real accounts and trade with their own money. Their legal representatives told us that India has no regulations, laws or prohibitions for Indian traders on the Olymp Trade platform. This means that Indians are free to trade in terms of stocks, commodities (gold, silver, platinum, etc.), ETFs, cryptocurrencies and everything provided by the trading website and app. To be part of it, you need a deposit of at least $2,000. The benefits of this status include increasing the payout rate on winning trades to 92%, the ability to open up to 30 positions, regular one-on-one training and access to a dedicated personal analyst, 15 built-in trading strategies, daily exclusive trading ideas, among others. Investing is not a sure thing, and no one can guarantee that you will become rich.
Most likely, if you don`t do your homework properly, you will inevitably lose all the money you deposit into your account. So, make sure you trade wisely and do thorough research before depositing real money on an online trading platform. However, it seems that there are no individual stocks that can be traded on Olymp Trade. I will also tell you more about the company and give you a comprehensive guide on how to trade safely and invest in the financial markets. And we answer the question: Is Olymp Trade legal in India? Olymp Trade`s services are available worldwide, except in some countries such as the United States, Japan, Israel, Canada, Russia and some others where reverse trading as investment vehicles require special regulations or have restrictions. Since the Indian government has not imposed a ban on binary options, Olymp Trade is widely available in India. In fact, the broker has special customer service options for Indian traders. The legal status of Olymp Trade and other online trading platforms that offer their services in India can be verified here:financialcommission.org/olymp-trade/Â A post shared by Olymp Trade (@olymptradecom) on Feb 19, 2020 at 7:39am PST With such credentials, you can trade on the platform even without depositing funds into your Olymp Trade account. This means that you can try it for free with a demo account without having to invest your real money. Olymp Trade India has an official certification from the Indian Finance Commission, which can be found on the institution`s official website here: financialcommission.org/olymp-trade/. According to the guidelines of the Reserve Bank of India, binary trading or any form of online forex trading is not legal in India and therefore, anyone who wants to invest in binary options should be aware of the consequences of binary trading.
This means that although Olymp Trade meets the minimum requirements to be a legitimate platform, anyone who uses the platform to trade binary options does so illegally and therefore has no legal recourse in case something goes wrong. The startup state account is the most basic type of account. It will be activated for you when you deposit the minimum allowed balance of $10. The maximum payout percentage for a winning transaction on this account is 82%. You must deposit a minimum of $500 and a maximum of $1,999 to achieve extended status. Benefits associated with this status include an increase in payout rate for successful trades to 84%, the ability to open up to 20 trading positions simultaneously, access to consultations with a personal analyst once a month, 7 already integrated trading strategies, and access to webinars and educational resources. Not only can you find currency pairs on Olymp Trade, but you can also trade metals and cryptocurrencies. All online trading through Olymp Trade goes through a web-based platform, which means you don`t need to install any software.
It`s easy to use even for beginners, and that`s what makes it so popular. This official certificate not only gives a clear answer to the legitimacy of the company, but also provides all traders with a higher form of protection against fraudulent activities of a broker and also helps prevent dangerous cybercriminals from accessing your funds. Indian traders can still register on the Olymp Trade website and start trading. There is no update yet from the official Olymp Trades website about this warning. We will see in the future if the broker is approved by the Indian government to offer his services legally. While researching for this article, I came across a number of conflicting opinions about the legality of Olymp Trade in India and I also found many videos on Youtube on how to apply winning strategies on Olymp Trade and how it is quite legitimate and exaggerated when it comes to depositing your winnings on their platform. If you`ve never heard of Olymp Trade, it`s an online trading platform that allows people to invest in different asset classes like stocks and cryptocurrencies. It was founded in 2014 and serves customers in more than 30 countries and is headquartered in St.
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