Olymp Trade is an online brokerage platform that gives its customers the opportunity to take part in trading and financial investments by utilizing the volatility of many major stocks, commodities, currency pairs, and financial indices as underlying assets.
Olymp Trade maintains a large and diverse clientele base throughout the globe including India and many other Asian countries.
The article covers the beginning steps to downloading, registering, and utilizing Olymp Trade in India.
Downloading Olymp Trade in India
The first step to begin using Olymp Trade In India is to download the proper platform to the selected system you would like to use. The two options are Mobile Platform, and PC platform we will cover both below.
Mobile
A phone or tablet is the most popular way to trade for many in today’s fast-paced world. Very little time is left between activities and commutes to work, this option gives a trader who is on the go the most freedom.
The way to access Olymp Trade on your mobile device is by using a developed application for your operating system. For example, If your OS is Android or Google, an application for the Olymp Trade app is supported through the Google Play store.
Alternatively, if your OS is Apple, Olymp Trade is again supported in the Apple Store. A simple search of Olymp Trade will prompt both of these to your store’s home screen.
After installing the program app, you can click on the home screen Icon mentioned above. The opened window will prompt you to log in or create an account.
PC Platform
As a trader in India, you have two options for utilizing Olymp Trade’s trading platform via a personal computer, the first of which is the web-based browser that can be accessed through this link.
This is a more simplistic option and the only one we will cover at length today. Although you can learn how to download a program file through our home page.
When accessing the landing page of the website you will see prompts to register a free account. Account verification will take 1-3 business days, but in the meantime, you will be granted access to the demo account, and all functional features of the platform.
Once you have become acclimated and gone through the tutorial modes as well as the research provided you are ready to deposit and open your live account.
If you currently have a mobile account and are moving over to a PC then your login details will be the same as your mobile device. All of your current trades and personal details such as account balance will be linked. Your settings and toolset preferences will need to be placed inside the web-based download separately from your mobile device.
How To Register Your Olymp Trade Account in India
New User Registration
To begin trading on the platform new users will need to complete the registration process by clicking the “Register” button that is in the top right-hand corner of the web page here.
- Once you select the register button, provide your personal information including name, email address, and phone number to the platform relative boxes.
- A second option is to select the Login button, an email and password section will be prompted and beneath you will see several options: Facebook, Google, and Apple.
- Select any of these three options and proceed forward in the same manner as step one and provide the necessary information needed to complete your profile.
Verification
In order to complete the verification process in India and begin funding and trading on your account, you will need to pass the verification standards. Below we will break down each step.
- Identification
- Proof of Residence
- Payment Method
Begin your registration process here.
Identification
To verify your identity, you will need to provide proof by uploading a scan or photo of a driver’s license, passport, or personal ID card alongside a 3D selfie provided with the camera on your mobile device or a web camera on a personal computer or laptop.
Make sure all uploaded pictures of cards are placed against dark backgrounds with well-lit rooms and remove the use of flash during the photo creation. Clarity can affect how quickly we are able to verify the documents you need.
Proof of Residence
In order to verify the address where you currently reside, you must upload documents that contain your address as well as your full name. Forms that include this information are listed below.
- Tax return
- Bank statement from the most recent month
- Work or Student Identification
- Utility bills such as water, gas, or electric
- Internet bill
- Temporary registration or renters agreement
- Valid ID card with current address
Forms Olymp Trade does not accept as proof of address:
- Mobile phone bills or home telephone bills
- Credit card statements or receipts
- Medical bills
- Insurance statements, automotive or home
- Invoices of any kind
Funding Your Olymp Trade Account
Before undertaking any withdrawals on an Olymp Trade account it is important to understand the correlation between depositing funds into the account, bonus money provided to traders, and forms of payment that work for both funding and withdrawal.
The most popular and fastest means of withdrawing money from an Olymp Trade account in India is through the use of a bank card that has been verified through the registration process.
The largest hurdle to overcome in India is finding the right bank to use in Olymp Trade India. The easiest method is by using an electronic banking company. The most popular online banking platform that offers you a physical debit card is Payoneer.
Payoneer is a popular online bank, this company holds a large and diverse number of users that depend on receiving and sending money. It is very popular across the globe because of its ease of use and giving many the means to obtain a real account with all of the perks and amenities of a brick-and-mortar bank.
This bank allows everyone to fund their purchases through it. All a person needs to do is to enter the bank’s website, register, and follow the instructions on the website. After registration is complete, a personalized MasterCard from the Payoneer Bank is requested and is provided free of charge. It is sent to you by mail, and once it is received, it allows you to use it after 24 hours of activation.
Trading on Olymp Trade in India
Once you have funded your account and gone through the motions of utilizing the platform’s free demo account, you are ready to begin live trading. Opening trades in several modes are available to you, Forex, Fixed Time Trades, and Stocks mode. Many major stocks, currency pairs, commodities, and indices can be traded on the site. Indices, in particular, contain large catalogs of assets bundled together.
Trade timing is another important factor for Indian traders. Understanding the correlating time zones for each major market and where they fall on the IST clock is important for creating and maintaining your investment routine.
In Conclusion
Olymp Trade offers complete daily access to trading, whether during business days on the major markets or utilizing a decentralized market during the weekend. As a result, you have the opportunity to make the most of each day regardless of the time you prefer to trade or the asset you find the most interesting.
Now that you know how to set up and use your Olymp Trade account in India, learn more about the strategies and tools at your disposal. Be sure to visit the Olymp Trade platform for more information.
