Olymp Trade is a global digital trading platform.
It offers investors a wide array of trading assets, including stocks, cryptocurrencies, and Forex.
The question of whether Olymp Trade is legal in India has been asked frequently.
Quick Answer
Olymp Trade is legal in India and fully compliant with the Securities and Exchange Board of India (SEBI) regulations. It has an Indian entity, Olymp Trade India, which was granted an SEBI license to operate as a registered Foreign Portals Provider.
Olymp Trade is a global digital trading platform that offers trading services to both retail and institutional investors. It offers a wide variety of trading options, including stocks, commodities, indices, cryptocurrencies, and Forex.
What Is Olympt Trade?
Founded in 2014, Russian brokerage company Financial Market Relations Regulation Center (FMRRC) has authorized this online trading platform.
It is a global company that offers trade services across more than 100 countries including India.
It offers a wide range of trading instruments, such as forex, cryptocurrencies, stocks, indices, commodities, options, and more.
However, it majorly focuses on forex trading and offers various tools for traders, including a demo account and a market analysis.
Pros and Cons of Trading With Ollymp Trade
The broker offers traders an opportunity to open several trading accounts, depending on their level of experience and investment.
- Demo account: This is a free demo account that requires no initial deposit.
- Standard Account: This account requires a minimum deposit, usually around $10,000.
- VIP Account: This is an account designed for high-net-worth individuals. It requires a minimum deposit of at least $20,000.
In addition, the broker offers a wide range of trading instruments, including stocks, commodities, indices, currency pairs, and more.
How to Get Started With Olympic Trade in India
In order to get started with trading on an online trading platform, you first need to sign up. Here’s what to do:
- Visit the official Olympic Trades website olimptrade.com.
- Click on the “ Register ” button in the top-right corner.
- Fill out the required fields.
- Verify your phone number.
- Upload a copy of your ID card.
- Wait for your email verification.
- Deposit funds into your account.
- Start trading!
Is Ollymp Trade Legal in India?
Yes, it is.
The RBI has regulated binary trading providers such as IQ Option and OLYMP TRADE. These financial services are legal, so traders don’t have to worry about getting scammed.
To be on the safe side, you should always trade with a provider that’s licensed by a regulatory body.
One of the most popular choices is CySec, which has strict guidelines that brokers must follow.
However, not all binary options brokers have a license.
It can be hard for you to figure out if you’re dealing with a legitimate broker or not.
Recent Regulatory Changes in India
The Reserve Bank of India (RBI) has prohibited individuals from trading in cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and others. This prohibits traders from making deposits through credit cards, debit cards, internet banking, or any other payment method.
As a result, several exchanges like Binance, Coinbase, Kraken, Bitfinex, etc. have barred Indian users from their platforms. However, there are still a few exchanges that allow Indians to buy and sell cryptos, and OLYMP TRADE is one of them.
Conclusion: Is Olymp Trade Legit in India?
As a trader, you should always be cautious when it comes to choosing an online broker.
Our research indicates that you can safely trade with the OlimpTrade. It is a legitimate platform that has all the necessary licensing and compliances.
In addition, it has various security measures in place to protect your funds and investment. If you are looking for a safe and reputable online trading platform, then you should definitely consider trading with the OlymTrade.
If you have any questions or comments, feel free to leave them in the comments section below. We would be happy to answer them for you
We hope this guides was off assistance for is olymp trade legal in india.
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