Sometimes there are situations when traders successfully make money on trading platforms and everything goes fine until the moment of money withdrawal... The company somehow starts having technical problems or something else, the withdrawal of funds is delayed, or even not carried out at all. If you have never encountered such a problem in your life, then consider yourself very lucky - you have found a reliable online investment platform. If the opposite situation occurred, distrust of all companies could easily form, following the example of one single unscrupulous platform.
Olymp Trade platform is reliable , how money is withdrawn from the company, whether applications are delayed or, on the contrary, processed clearly and quickly. Withdrawal of funds is a fairly important topic, because without this, all the advantages of the company cease to play any role. Traders should not only earn money on the site, but also receive their earned money on time.
Withdrawing money from Olymp Trade
Whatever may be said about Olymptrade, reviews regarding payouts are generally good. Ease of withdrawing money and no commission are the advantages of a broker. But there is also a significant drawback - it takes longer to withdraw funds than its competitors. The Olymp Trade operator checks the application within 5 days, and the banking transaction lasts up to 3 days. As a rule, payment is processed faster and takes 2 or 3 days. Olymp Trade has the opportunity to buy VIP status. Then your request will be accepted first, and the withdrawal will take no more than a day. Other brokers have it a little easier. For example, Binomo pays out money in one day completely free of charge.
To cash out your earnings, first fill out a withdrawal request:
- On the Olymp Trade website, go to the menu or personal account and select “Withdraw”.
“Withdraw” command in the menu on the main page of the site.
- In the window that appears, enter the required amount. But keep in mind that you can cash out at least 10 dollars, 10 euros or 350 rubles, depending on the currency of your deposit.
Application form for withdrawal of funds.
- Click "Submit Application".
That's all, the request has been processed. Remember that the money will go to the same e-wallet or card from which the account was replenished.
Types of cards and payment systems with which Olymp Trade cooperates.
When withdrawing any amount from the system, all gifts from the broker are burned. So the bonus itself cannot be cashed out, but profit from it can be cashed out.
Withdrawal methods
You can make a deposit using a bank card, WebMoney and other payment systems, which are shown in the screenshot below.
Each of these payment systems can also be used to withdraw funds. But at the same time, you cannot so easily choose a method of withdrawing money. You can receive a payment only to the wallet from which the deposit was made.
Sometimes problems may arise with transferring funds to the card. Moreover, the reasons are not related to the company. Let's take a closer look at the transfer to the card in more detail.
How to withdraw money from Olymp Trade to a card
You can make a deposit using your card without any problems. The bank will allow you to transfer funds without any problems. But when transferring back from the account to the trader’s card, the bank can only approve the amount that is equal to the original transfer. The remainder is transferred back to the platform.
This policy of banks is related to the fight against money laundering. Therefore, many companies immediately warn that you cannot withdraw an amount to the card that exceeds the deposit amount.
What to do if the bank reverses the transfer? In this case, an OlympTrade support worker will definitely contact you. If this does not happen, contact the company yourself. Olympus will offer to transfer money to any of the available online wallets. The main condition is that it must belong to you.
In this case, it is unlikely that you will be able to withdraw money to the card, since the company is already powerless here.
Verification
Financial control authorities require all brokers to issue money only to verified users. Before you take your earnings from Olymp Trade, you must confirm your identity with documents. The purpose of this procedure is to protect your funds from fraud. But there is no need to send documents in advance. If your account requires verification, the broker will send an email with detailed instructions. Typically you are asked to provide the following documents:
- color scan or high-quality photograph of your passport or international passport;
- photo of a utility bill or driver's license.
The verification process takes a maximum of one day.
Limitations of payment systems
Here we will briefly talk not about olymptrade’s restrictions on withdrawing money (because there are none), but about restrictions from payment systems like Qiwi, Yandex, WebMoney, etc. The fact is that these companies also require the client to undergo their own verification. You need to send a scan of your passport and confirm your identity, which also takes several days.
This is required so that the client can accept any receipts without restrictions. For example, without verification, Qiwi accepts no more than:
- 15 thousand rubles per day;
- 200 thousand rubles per month.
Naturally, an experienced trader is concerned about how to withdraw much more money from olymptrade. To increase daily and monthly limits, you need to provide additional documents - and which ones should be clarified specifically with the payment system. Therefore, we first find out about their conditions, and only then calmly withdraw funds.
Advice for clients with a large deposit
Naturally, olymp trade, like any normal broker, strives to approach each client individually. If you plan to work with large enough funds, the company will immediately assign you VIP status. Such traders are given a lot of additional bonuses.
Money can be withdrawn within 24 hours; in addition, the services of a personal manager are offered who can advise on all situations related to both withdrawal and trading. To become a VIP, you only need to top up your account with $2,000 or more.
What to do if the money has not arrived?
If 5 days have passed after completing the application and the money has not been received, do not rush to be indignant. In any case, you will receive your earnings.
- If it is indicated that the application is still being processed, contact the Olymp Trade support service.
- If the status is “Payment successfully made,” then the money has already been transferred to the bank that services your card or wallet. In this case, you need to call the bank and find out the reason for the delay.
- You may be transferring to an e-wallet that has exceeded the maximum amount for deposits and withdrawals per day. In this case, representatives of the payment system will help you.
Trading platform Olymp Trade
The Olymp Trade trading platform is a set of software and technical solutions for obtaining data on financial instruments for the purpose of making transactions. Works on a web browser platform, no need to download to your computer.
Link to the platform - olymptrade.com/platform
The minimum deposit amount is $10, the minimum amount of one trade transaction is $1. Before you start real trading, you should practice on a demo account.
The Olymp Trade trading platform is very easy to use. From the settings, you can select trading instruments, design theme (light or dark), chart display (linear or candlesticks), and set indicators.
How to trade in Olymp Trade:
- Login to the terminal.
- Select a currency pair.
- Set expiration time.
- Specify the transaction amount. We recommend 1–2% of the deposit.
- Click “Higher” or “Lower” depending on the predicted movement of the financial instrument.
The Olymp Trade trading terminal provides two types of trading transactions (fixed time trade): classic and time.
Classic: you need to set a certain time before the transaction is completed - 1 minute, 5 minutes, and so on. Set any temporary value of your own, enter the amount and select “Higher” or “Lower”. At the end of the transaction, if the forecast is correct, the profit will be credited to the account.
Time: you need to set the exact end time of the transaction (time before expiration). For example, at 17:59 the transaction will be closed:
The maximum possible return with a correct forecast depends on the financial instrument. For major currency pairs it is 80% per trade.
Reviews about Olymp Trade
Here are a few screenshots showing reviews of Olymp Trade from real broker clients.
Many people note the convenient trading platform, good analytics, training opportunities, and a small initial deposit.
Successful Trading Techniques
Sooner or later, any successful strategy fails. How to make money on olymptrade with minimal losses? The market is changing and what worked effectively a couple of years ago is already outdated. In case of constant failures, it is recommended to change the chosen trading model, master a new strategy or develop your own. Only the constant pursuit of new knowledge, testing of current tactics, and non-standard use of analysis tools reduces the degree of risk and leads to successful trading. It is necessary to monitor changes and current news, as well as develop acquired skills. Then the question of whether it’s realistic to make money on Olymp Trade will disappear on its own.
You shouldn’t bet every penny on one deal. Anyone who comes to olymp trade and wonders how to quickly win on a single contract usually loses everything. Trading does not tolerate all-in games. You can find a lot of information about how to make money on Olymp Trade and the main secrets of binary options trading. However, before you buy your first binary option, you need to work hard on the theoretical and practical fundamentals, the laws of market behavior, and the principles of money management. Beginners who receive a loss from a trade for the first time have an irresistible desire to win it all back. Often such trading resembles bookmaker bets.
Whereas an experienced trader knows the right path. For example, having spent almost your entire deposit on Olymp Trade, how can you earn a large amount again from the minimum, consistently, without giving in to panic and keeping a cool mind.
Another secret to success is the trading break. There are situations when quotes behave unpredictably, thereby one after another transactions are closed in the negative. In this case, it is recommended to close the olymptrade , forget about how to win and switch to something else that is not related to binary options. And only the next day return to trading. It is recommended to take a long break and resist the temptation to open the terminal after two hours.
How to quickly make money on Olymp Trade ? There is no such income. You will have to read, watch and practice a lot. Is it possible to make money on olymptrade ? Yes, and this is evidenced by numerous reviews and posts. But this is far from easy money, as it might seem. Experienced traders believe that trading is not a way to quickly generate income, but actions aimed at minimizing risks.
Getting real money
When the basics of trading have been learned by heart and the tactics have been worked out in practice, the crucial moment comes - the transition to trading using a real deposit. How to make money on Olymp Trade? Basic recommendations:
- Self-discipline is an important character trait needed by any trader. Studying the basics of how to make money on Olymp Trade, video reviews, practicing strategies on demo accounts - all this becomes useless if a trader gives in to emotions, loses his mind in the pursuit of excess profits and violates the strategy. When trading binary options, it is important to stop in time if a series of transactions results in a loss. The main secret of olymptrade (how to win ) is to stop and analyze your actions.
- Clear understanding of the magnitude of risk. Before starting trading, you need to decide on the number of transactions and the amount of loss that will allow you to complete the session completely before the next day. It is also recommended to adhere to the money management rule, according to which the transaction amount should not exceed 5% of the deposit amount.
Bonuses and withdrawal conditions
When paying, the user can take advantage of the welcome bonus within the first hour after registration.
The size of the welcome bonus depends on the amount deposited
Bonuses are also available when transferring funds to a deposit. Their size also correlates with the amount of replenishment of the trade balance.
| No. | Replenishment amount, rub. | Bonus amount, % | Bonus amount, rub. |
| 1. | 350 | 0 | No bonus |
| 2. | 1200 | 0 | No bonus |
| 3. | 2 000 | 10 | 200 |
| 4. | 5 000 | 20 | 1 000 |
| 5. | 10 000 | 20 | 2 000 |
| 6. | 18 000 | 30 | 5 400 |
| 7. | 100 000 | 30 | 30 000 |
| 8. | 300 000 | 50 | 150 000 |
Details of the use of bonuses are described in the service agreement. On the page for replenishing your account, information is indicated that withdrawal of “gift” funds is not available, but those earned using a bonus account are possible.
