The broker Olymp Trade started its story in September 2014. That is to say it is a very young binary options broker. At the same time, each trader has the opportunity to get support and answers to all questions in Russian.
At the moment, the broker has not been issued a license. The traders have to trust its reputation. The registered office of this broker is the same that the legal address of IQ Option (both brokers are registered in Cyprus in the same building).
Features of trading binary options
The particularity is that this broker offers a platform with only one type of binary options, namely Call-Put. No other types of contracts, such as One Touch are offered. Regarding the timing of the expiry of options, the maximum duration is one hour, and the minimum – one minute. That means that the broker offers good opportunities for those who play on a small scale, but for those who want to use fundamental analysis, there is virtually no chance to do it with Olymp.
Types of underlying assets
This operator has very few underlying assets (10 types), while other brokers may offer times more. Available assets are currencies, including euro, ruble and dollar-ruble. There are also some types of commodity assets, including gold, silver and oil.
An interesting thing about Olymp Trade is its Random asset that changes unpredictably in the price, but at the same time it can be traded even on weekends. Here again, the use of the asset is interesting more for beginners than for serious traders.
Replenishment of the account and withdrawals
The minimum account balance is 350 rubles and the minimum value of the option is only 30 rubles. If you decide to refill the deposit in dollars, the amount will be a little bigger – USD 10 and USD 1 for the minimum bet. These numbers are very low. The company does not take any commission for withdrawal of funds.
