Your question: Is Olymp trade legal in Nigeria?

Generally, Olymp Trade is fully regulated and a registered company as you can see on their webpage. The broker accepts international clients and gives them very good conditions to trade options and forex. Traders can start with the free demo account or with only 10$ deposit.

Is Olymp trade available in Nigeria?

There is no doubt , Olymp Trade is the ultimate way for anyone to start trading in the forex market. Olymp Trade’s responsive and user-friendly platform is available everywhere, 24/7, across Nigeria. They make it convenient to trade on the global financial markets, anytime, anywhere.

How do I withdraw money from Olymp trade in Nigeria?

The Withdrawal process is similar with the deposit method, after withdrawing your funds from your Olymp trade account to your Bitcoin wallet, you can then withdraw them into your bank account in Nigeria by selling your bitcoins at MyTopExchange: Inside your user dashboard, click on “sell bitcoin”

Does Olymp trade pay in Naira?

If you have a bank account with Naira Bank, you can use your Naira Bank Debit/Credit Card to deposit funds into your trading account. Once you have done this, you can start trading Forex and other assets in Olymp Trade immediately. I’ve moved to the Philippines mainly to start freelancing there.

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Is Olymp Trade Safe?

Are Olymp Trade Accounts Safe? Yes. Accounts with Olymp Trade are protected by KYC protocols, limits, scam protection, and more. To determine, if Olymp Trade is safe or not we must start with the verification process, also known as KYC.

What is the best time to trade forex in Nigeria?

Best Forex Trading Time in Nigeria

The best time to trade forex in Nigeria is between 2:00 pm and 6:00 pm, according to Nigeria local time. At this time, the London and the New York trading sessions start to overlap, bringing with it lots of market activities and opportunities.

Can Olymp Trade make you rich?

The Olymp Trade system allows you to earn up to 90 percent profit with minimum investment. … The minimum trade requirement is $1, which could help you earn up to 80 percent profit from your investment on a regular account, and up to 90 percent on a VIP account.

How much can you withdraw from Olymp Trade?

There are NO limits on how much you can withdraw from your account, but the minimum amount is $10. Over 90% of withdrawal requests are processed in less than 1 business day. Having Expert status with Olymp Trade guarantees 1 business day withdrawals.

How do you withdraw profit from Olymp Trade?

What is the withdrawal procedure?

  1. Log in to your trading account.
  2. Click on ‘Make a Deposit’ button. On the payments page, click on the ‘Withdraw’ option.
  3. Fill in the requested information. As mentioned, the amount you want to withdraw must be equal to or exceed $10.
  4. Choose the payment option.
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Does Olymp trade accept Mastercard?

Visa/Mastercard Bank Cards

Visa and Mastercard bank cards are the most popular method of making a deposit and withdrawing funds into/from your Olymp Trade account. To use it, you must have a valid bank card. … The minimum deposit or withdrawal amount is $10.

How much deposit do you need for Olymp trade?

The minimum deposit on Olymp Trade is only $19. The maximum one-time deposit that you can make is $5000. You can get additional funds for trading on the platform as bonuses. The bonus amount depends on the one of your deposit: the larger the deposit, the larger the bonus.

What is the minimum investment in Olymp trade?

Another feature of Olymp Trade that makes it accessible for beginners is their low deposits. The minimum deposit is set at $10, and the minimum trade amount is $1. New traders do not have to worry about losing a large investment.

Is Olymp Trade is genuine?

To complement their educational material Olymp trade provides a free demo trading platform. New traders are able to set up accounts without making a deposit to the platform. … In conclusion, Olymp Trade is not a scam.

Is Olymp Trade a gambling?

Olymp Trade is a casino.

You will place your bet based on your prediction. (ii) If you trade Forex, Olymp Trade plays a role as the broker. For example, all players will play together and the Bookmaker will be the dealer – only charge small amounts of commission money for each game.

Does Olymp Trade really work?

Olymp Trade has so much upside and has reduced the risk of investing in the market that anyone looking for a solid platform need look any further. Setting up an account takes only several minutes, deposits and withdrawals are fast, and the tools for successful trading is at your fingertips.

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