What is the Olymp Trade app and is it legal and safe in India?

It also offers you the assistance of forex for testing your knowledge. It has proved itself to be a reliable guide in the world of financial markets for hundreds of thousands of people from all over the world. In February this year, RBI had warned people against trading forex on unauthorized platforms following growing reports of people falling prey to such entities. The central bank has said people should not undertake forex transactions on unauthorised ETPs or remit or deposit money for such transactions. Those indulging in illegal forex transactions can render themselves liable for legal action under the FEMA. Olymp Trade is one of the cheapest alternatives for new traders to start trading.

• Analyze the market sentiments & identify the trend reversal for strategic decisions.
• It has been in the market of online trading for over 6 years and earned the trust of millions of traders worldwide.
• Others are i-Stream (operated by ICAP IL Indian Pvt Ltd), TEX/SEP and 360TGTX (operated by Three Sixty Trading Networks (India) Pvt.
• Olymp Trade is a platform focused on making trading accessible to all.

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The minimal deposit amount is $10 (or €10, if that’s the account currency), and one needs as little as $1 to open a trade. Notably, London-based OctaFX, which the RBI says is not authorised to deal in forex, was also one of the official sponsors of the Delhi Capitals team in the Indian Premier League (IPL) this year, say media reports. Ads of many such platforms can also often be seen on popular social media platforms including YouTube.

AREA OF LEGAL PRACTICE

• Ltd), FXall and Matching (operated by Refinitiv India Transaction Services Pvt. Ltd.) and BTBS (operated by Bloomberg Tradebook Singapore Pte Ltd.).
• That’s why you can also trust this online trading platform easily.
• These markets are helping people around the world in making their lives sustainable.
• For instance, how you can manage capital, the latest trading tips, etc.
• Also, the RBI has clarified that an entity not appearing in the ‘alert list’ can’t be assumed to be authorised by the RBI.
• With a plethora of trading options and services, the platform is on the rise in the market.
• The platform guides and encourages new users through recommendations.

According to various sources, Olymp Trade is not technically illegal in India but it is in no way monitored or controlled by SEBI or RBI. This means if a trader faces any issues with regards to the app’s transactions or collections then Indian authorities will not be able to help. As Olymp Trade is not regularized by Indian authorities, various Indian banks are not dealing with the platform directly, only some international Devit/Credit are accepted on this platform.

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Today, the brand continues to evolve, and the awards that this online trading broker has achieved witness it. Every year, the company is setting a new record for its success. The brand has built a large repo in the online marketplace, which has become famous among young traders. Therefore, being a small investor, this place can prove to be a reliable option. Here, you can confidently invest your hard-earned money and secure a highly profitable position.

About Olymp Trade & Accepted Countries

These markets are helping people around the world in making their lives sustainable. Before you invest your hard earned money in financial markets, you are given the opportunity to practice and build a solid foundation of skills. Olymp Trade is a platform focused on making trading accessible to all. Investment is seen as one of the best hobbies, as it allows you to take advantage of the most traded financial market in the world, using the simplest trading instrument. Forex trading is by far the largest financial market with more than $5 million in daily volume, whereas options trading are the easiest instrument to learn.

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Manage your money efficiently with this weekly money management guide. Analyze the market sentiments & identify the trend reversal for strategic decisions. Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks. Olymp Trade Forex is perfect for those who want to develop as a trader and get great results. Meanwhile, the RBI’s list of authorised ETPs includes FX-CLEAR, NDS-Call, NDS-OM, CROMS, TREPS, ASTROID, and FX-SWAP — they are all operated by Clearcorp Dealing Systems (India) Ltd.

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In the demo account, the virtual account balance of £10,000 allows you to trade in Olymp Trade India a virtual environment. Whatever the features you’ll use in the premium accounts, you can get a glimpse of every pinpoint at the demo account. If you love putting your smart strategies while trading and always prefer multiple trading options, then Olymp Trade will surely be made for you. Ensure that the platform can close your account if you haven’t maintained a sufficient balance in your account.

Olymp Trade launches Stock Price Trades

Many people have lost money by trading with the unauthorised platforms, the RBI adds. Some of these platforms also claim to be regulated by overseas regulators and recipients of global awards, it had added. All these plus points draw trader’s attention towards the online trading broker. With a plethora of trading options and services, the platform is on the rise in the market.

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This online broker allows you to put your strategy into execution that often surprises you when you draw profitable outcomes. If you’ve never stepped into a fully digital trading platform, it’s the best way to move on. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. Olymp Trade has announced an introduction of a service levels system. In the first iteration, the company traders will receive Starter, Advanced, or Expert statuses.

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Overall, Stock Price Trades is a truly user-oriented trade mechanic. It may be a primary trade mechanic for those who want to invest long-term in a relaxed manner. At the same time, it may very well complement other mechanics offered by Olymp Trade and serve as a diversification element. Stock Price Trades offers traders a choice of more than 60 stocks to trade which includes internationally famous corporate giants as well as public companies that represent very specific market sectors. The company has been a Category A member of the Financial Commission since February 2016, which guarantees traders reliable service and the protection of their rights. According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period.

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• Analyze the market sentiments & identify the trend reversal for strategic decisions.
• Olymp Trade is a platform focused on making trading accessible to all.
• In terms of deals and promotions, users can get a 50% bonus on their initial deposit.
• For new traders, a demo account has always been the first helping hand.
• According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period.
• Others are i-Stream (operated by ICAP IL Indian Pvt Ltd), TEX/SEP and 360TGTX (operated by Three Sixty Trading Networks (India) Pvt.
• Olymp Trade created its free educational material and built-in automated assistant, keeping the new traders in mind.
• It has been in the market of online trading for over 6 years and earned the trust of millions of traders worldwide.

If you’re opting for a bank transfer, you may have to wait for a few hours or an entire day. It’ll be best for new traders to skip this point if you haven’t yet grasped the vital information related to leverage. You’ll have to pay off a significant fee if you want to trade overnight. Apart from this, the platform also charges a subscription fee and inactivity fee.

Traders desired to experience a wide range of financial instruments offered under genuinely user-oriented terms. Respecting the recommendations of the users, the trading app introduced the Stock Price Trade service. There are trading strategies, workshops and webinars from the company’s analysts for traders of all levels in the “Education” section of the platform. It should be noted that there is a full economic calendar on the Olymp Trade platform, so no important news can be missed.

It is also crucial to point out that the value of spreads can rise or fall as the market conditions go up and down. However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket. Whenever you wish to make a well-informed decision, this app will always assist you. If you have a question you can always find the answer through the automated assistant or a help centre.

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Mainly for those users who often go a little overwhelmed after seeing too much technical on an online trading platform. Trading strategies, indicators, and analytical tools are essential for a trader. All concepts, strategies, and tools are explained in simple language to ensure even the newest traders can learn everything necessary and become successful. The site’s automated assistant answers traders’ questions as soon as they appear in the education section. The company’s commission for the executed trades is minimal, and traders aren’t charged extra for depositing or withdrawing their money.

• Olymp Trade has been one of the strongest players in the financial industry.
• You can use the demo account right after the simple registration process.
• Whatever the features you’ll use in the premium accounts, you can get a glimpse of every pinpoint at the demo account.
• If you love putting your smart strategies while trading and always prefer multiple trading options, then Olymp Trade will surely be made for you.
• The additional benefits included in a VIP account are truly unbelievable.
• You’ll have to pay off a significant fee if you want to trade overnight.
• We are certified stock broker review & comparison website working with multiple partners.

• Myles Garrett, Cleveland Browns’ star defensive end, was absent from voluntary OTAs, attending the Crunchyroll Anime Awards in Tokyo with Chloe Kim.
• That’s why you can also trust this online trading platform easily.
• Olymp Trade has announced an introduction of a service levels system.
• The platform guides and encourages new users through recommendations.
• The platform runs under IFC regulation, which isn’t a reputable regulator, and that may cause a little hitch in your decision to choose Olymp Trade for trading.
• For instance, how you can manage capital, the latest trading tips, etc.
• These markets are helping people around the world in making their lives sustainable.
• Traders desired to experience a wide range of financial instruments offered under genuinely user-oriented terms.

Over time, the platform has earned a high status in the online trading marketplace. Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit. Therefore, the financial side of the new mechanic is also designed in favor of traders. The newly announced service eliminated minimum trade amounts, and instead, replaced it with SPT unit price equals the underlying stock’s price. The stock price range is very wide and allows any trader to find an SPT that matches their price targets. On evaluating suggestions and feedback from the client, Olymp Trade witnessed a demand for simple, straightforward, and new trading mechanics.

• The ‘alert list’ is not exhaustive, says the RBI, adding that it is based on what was known to the RBI till September 7, 2022.
• Every year, the company is setting a new record for its success.
• However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket.
• Before investing your money, don’t forget to try a couple of strategies to determine what suits your goals and trading style best and thus minimise mistakes.

Also, the market situation can influence the fee structure set by the broker. You can go with it even though you are an Android phone user or iOS user. Just visit the mobile app store and download the Olymp Trade app.