Binary option Olymp Trade - cheating or truth? Customer Reviews Olymp Trade

The topic of earnings in the network, however trivial, remains popular and is just gaining even more feedback from an increasing number of users. There is nothing surprising in this - against the backdrop of the crisis and unemployment in the real labor market, the virtual only develops, creating new prospects for employees in all spheres.

Today we are talking about trading, or rather - about playing on an instrument like binary options. To be more specific, we are talking about the service Olymp Trade. This broker of binary options is the only owner of two licenses at once: CROF and FinaCom, while the minimum rate is only $ 1, and the minimum deposit is $ 10, see the website for details.

Deception or truth (reviews of many users indicate that they want to know the answer to this question) is that on this platform you can make big money? Are the earnings tactics mentioned on this website fair? All this we will find out in the course of our article.

general description

So, in fact, as shown by the reviews devoted to the project Olymp Trade, we have a typical broker through which we can trade in the foreign exchange market. At least, the organizers of the project want to create such an impression, showing the clients various exchange quotations, describing the state of affairs in the market, making forecasts on the movement of currencies.

However, if we dig a little deeper, we will understand that this is not quite so. The essence of working with Olymp Trade (deception or truth - reviews will help us find out a little later) is a kind of gambling. After all, the user does not depend on what duration the drop or growth of quotations he predicts; He just needs to call the buttons "down" or "up" and after 30 or 60 seconds wait that his "bet" will be true or not. It, unlike the "Forex" brokers, can not change the time intervals, and hence, this is not a real trade.

Although, of course, what developers of such a project will be called his next gambling game on financial topics? Of course, everything is disguised as a real currency trade. This makes it possible to lure new customers through various motivating slogans, "success stories" and so on. As we can see, the office is really thriving.

Profitability

To achieve successful trade here, according to the representatives of the company, it is possible with the help of "analysis and calculation" (in fact, just guessing the further movement of quotations for a certain period of time). In fact, the client's profitability is limited to 80 percent of the amount on which the rate was applied. That is, unlike the classical form of trading in the foreign exchange market, here the client can receive only a fixed profit, which also has some features of this kind of activity. Roughly speaking, expecting to "haggle" in a million here will be naive.

Format of transactions

More I would like to dwell on the format of concluding transactions within the service Olymp Trade (deception or truth - reviews will show). When a user wishes to contract, he can do this, as already mentioned, only for a certain term of time (30, 60 seconds or longer). This determines the percentage of profit that will ultimately end up.

The transaction is concluded by defining one of the two directions - "down" or "up". In fact, all forecasts are limited to these definitions. In practice, everything looks really simple, and the developers of the project bribe new users: everyone thinks that using a form from a pair of buttons, he can start to successfully trade and earn a lot of money. This, of course, is not quite true - in fact, it is not so easy to predict the movement of the currency in any time frame. Yes, and the honesty of Olymp Trade (deception or truth - reviews of some customers indicate the first) is also in doubt. But all in order.

Fast registration

Another interesting trick with which to lure new "players" is a simple form of creating an account. It is placed right on the main page of the site, consists of six lines and two checkmarks, due to which the client may have a certain desire to try himself as a trader "here and now", fill in the indicated fields and start trading.

Of course, at further stages it will be necessary to indicate more detailed information about yourself in order to comply with the safety criteria (especially, as you understand, concerns financial issues and withdrawal of funds). Still need to clarify that at the registration stage, the customer can specify the promo code Olymp Trade, issued to him by another participant. This will give an opportunity to earn on the back of the given clients, receiving a certain percentage.

Low Input

By the way, as for depositing funds and trading on binary options with this company, in order to lure more participants, the company set the entry threshold at the level of $ 10. One can imagine how many users, through generous advertising of the project on all possible sites, decided to "try" or "experiment" by making a contribution at the minimum rate and simply losing the deposit. Of course, and this is normal, because here it is so "sweet" described the opportunity to start earning "from scratch" and all "in 3 clicks." Many of those who are looking for an opportunity to earn income online, would like to try.

Instruments

For the convenience of customers, the site provides a set of currency pairs, where you can earn. These are the classic "bundles" that each of us had the opportunity to see on the "Forex" -places: currencies USD / RUB, GBP / USD and others. Depending on the movement of quotations on the specified and a number of other directions, the user can make a "truthful" forecast or make a mistake and just lose everything.

In turn, the organizers of the project convince that the presence of such diversity makes real profitable trade for a wide range of people: after all, for example, if you are an expert at the rate - JPY / USD, you can find a "field" for work in any conditions. And, in addition, ordinary users are available a number of forecasts from the administration, which are published on the page "VKontakte." Everyone has the opportunity to work with them and, agreeing or refuting them, follow their strategy.

However, on the Internet for certain there are paid signals for Olymp Trade, compiled by reputable experts who can help more.

Training

Another "chip" of the project is the rate on a set of services that go further with the ability to conduct financial transactions based on forecasts. In particular, this training. To ensure that no one can say that Olymp Trade is a scam who collects money (and many real user testimonials testify to this as brightly as possible), the company offers participants a set of various courses and information assistants. Being guided by them, it is possible that someone can earn money here, but the project participants who have already lost money obviously do not believe in such an opportunity.

Guarantees

And at the same time, Olymp Trade (the broker of binary options, the reviews we collected about) placed information about its guarantees on its website. They have different nature and, naturally, are able to protect the user from various problems. For example, here it is stated that the funds of partners are stored in the European Bank (obviously, hinting at the instability of the domestic banking system); Or that the company's activities are governed by a license from the CBR (which shows the serious intentions of the company); Or the security of the Internet connection to the client with a special SSL certificate (means the security of the transactions being conducted).

Real stories

The theoretical description of the service, the characteristics of its work and some of its assumptions is important, but it is best to illustrate them with examples of feedback and information from people who already had experience with the project. Otherwise, you can guess for a long time what the Olymp Trade service is - it is cheating or the truth that you can earn here, and so on.

We are guided by the feedback. Many of them describe the standard situation: a person discovered binary options and, of course, decided to try. To do this, he first makes sure: Olymp Trade - cheating or not? Reads the recommendations (which are often written by the authors of the project), learns about what to earn here really. Some guarantees also talk about this. Opens a trial demo account. Of course, the service developers are aware of this strategy and are ready for it.

As shown by Olymp Trade reviews, the trial account wins the majority of participants. Associate this with the algorithms of the project, which are aimed at luring the player means. Seeing profitable trade on the "demo", a person enters real money, hoping to repeat. And, of course, loses, claiming that Olymp Trade is a fraud. Or the truth - in case his forecast still "played" and he made a withdrawal in time. Of course, so few do.

Some reviews indicate that it is really possible to build a successful interaction with the platform, as a result of which the user will be in a significant gain. Perhaps, someone even manages to multiply his bank several times - I do not exclude such an option. However, as the recommendations of experienced players show, most still lose their deposit, once and forever saying goodbye to the career of the "trader" options.

conclusions

To say unequivocally that the project belongs to the category of "truth" or "deception" is impossible due to the inability to obtain accurate statistics of wins or losses, and also to check whether the quotes indicated in the service coincide with the actual situation on the market. According to many reviews, the trick with profitable trade on a demo account and unprofitable on a real one is not all of the tools in the company's arsenal. There is also a theory that some people manage to trade "in the plus" at the very beginning of their activities. When requesting withdrawal of funds, there are some delays; The user again plays and is defeated.

To explain the nature of such strange situations (which are repeated in different reviews) can only be some special algorithms that operate on the site. Therefore, honesty arises in the service.

And, in general, to say that Olymp Trade - frank scammers, it is impossible. Trading here can be profitable, but it is not so easy to organize, as advertising and "fake" comments show.