Olymp Trade (olymptrade.com) - real reviews of the binary options broker!

The binary options industry is younger compared to forex and other markets. But reliable players have already appeared on the market; there are platforms where you can trade without fear for the integrity and safety of your money. Today we will talk about one of these binary options brokers - Olymp Trade, where you can trade without the slightest fear.
In the review we will not remain silent about pitfalls if they are discovered. From this article you will learn:

1. General information about the company Olymp Trade
2. Registration and verification
3. Account types
4. Trading platform Olymp Trade. How to trade?
5. Replenishment and withdrawal of funds
6. Training and analysis materials
7. Conclusion

Details

Open an account

Trading conditions

Currently, the minimum deposit at Olymp Trade is 350 rubles.

The minimum transaction size within the trading platform is 30 rubles.

The size of the maximum transaction that can be concluded with the broker in question is 10 thousand rubles for a regular account and 50 thousand rubles for VIP status holders.

The profit received from an open trading position can reach 90% of the trader’s initial bet.

The broker provides its clients with a large selection of investment assets. There are a total of 65 available positions. Among them are 35 currency pairs, 12 company stocks, 6 commodities, 11 indices and bitcoins.

An undeniable advantage of the brokerage company is the availability of a free and unlimited time use of a demo account. This demo account gives each trader the opportunity to work out a trading strategy and improve their own skills without any risks. The demo account size will be 10 thousand virtual currency units.

Full review of Olymp Trade Olymp Trade binary options broker

Broker Olymp Trade has been providing binary options trading services since 2014. This is no longer a young company, but a strong player in the Russian financial market. Broker Olymp Trade was designed and created for the Russian-speaking segment. However, over time he began to work on the international market. Therefore, the broker provides strong and professional support in Russian. Quick communication with the broker by phone and chat make working with the broker convenient. Today OlympTrade has a license where the regulator is TsROFR (No. TsRF RU 0395 AA Vv0088). The legal address of the company is the same as the legal address of IQOption, it’s just that these two brokers are registered in the same building in Cyprus (Or in the same law firm)

Reviews about Olymp Trade. Divorce or not?

Average ratings of the broker by users on various thematic resources fluctuate around 7.9 on Russian-language sites, and 8.3 on English-language sites (all on a ten-point scale). Of course, there are some negative comments. The main negativity of real reviews about Olymp Trade is concentrated around the frequent blocking of traders’ accounts. Indeed, the broker’s user agreement is quite strict even with logins from other IPs, not to mention fraudulent schemes and the creation of additional accounts. In addition to blocking, Olymp Trade clients complain about the lack of an affiliate program and the ineffectiveness of trading signals. Here are typical negative reviews.

However, comments in the category of “Olympus Trade is a scam” and other radical formulations can be called into question by checking the presence of proceedings on the regulator’s website. And over the four years of activity, there was not a single justified complaint, which means that either none of the “abandoned” clients filed a complaint with the regulator, or such a comment should be treated with some skepticism.

On the other hand, positive feedback is concentrated around the platform and trading conditions.

Recommendations

Of course, there is always a certain risk, but it must be recognized that in terms of reliability, Olymp Trade is one of the most optimal options, provided that the client complies with the terms of cooperation. The second problem is the low rates of profitability on assets, so Olymp Trade should not be considered as the only option, especially if your strategy does not regularly produce more than 70% profit. But Olympus cannot be ignored either; its excellent platform and trading capabilities, including contract modifications, as well as the high level of security of funds, allow us to recommend Olympus Trade as an option for diversifying trading accounts and additional trading. Moreover, the minimum deposit size is more than affordable, and anyone can test the service without much loss.

Demo account Olymp Trade

Olymp Trade broker training account

OlympTrade offers to try binary options trading for free on a demo account with 10,000 virtual units. All assets and types of instruments are available for demo trading as on a real account. The charts are exactly the same as in real life from liquidity provider Thomson Reuters. The demo account can be replenished several times; it also has no time limits. To switch to a real account, you just need to top up your deposit in any convenient way.

• You can start training on a demo account: Open Demo account

Account types

Instead of an abundance of different types of accounts, the company divided all clients into 2 categories:

• ordinary – for them the maximum transaction amount limit is set at $2000/€2000, there is no support for a personal consultant and other pleasant additions;
• VIP – for them the payout reaches 92%, the limit on one transaction is $5000/€. Such clients get access to exclusive strategies, closed broker events, risk-free transactions (the broker compensates for the probable loss, but the compensated funds must be worked out).

The advantages of VIP clients cannot be called decisive. And let’s add this to the advantages of the broker, there is no discrimination by account type, you can trade normally by replenishing your account with either $100 or $5000.

To switch to the VIP client category, you need to top up your account with one payment in the amount of $2000/€2000/100,000 rubles. If after receiving this status in the first 15 days the trader withdraws part of the funds from the account, then this status is canceled.

Regulation of the broker Olim Trade

International Financial Commission On February 22, 2021, ]Olymp Trade[/anchor] joined the International Financial Commission. Membership in the Financial Commission is an honorary status granted only to reliable and honest companies that have repeatedly proven the high quality of the services provided.

• Reimbursement of the deposit - From the Compensation Fund up to $20,000, in case of dishonest actions of the broker.
• Legal support - Support during the settlement of your matter.
• Free access - To free educational materials on trading, as well as information on each of the participating companies of the Financial Commission.

Olymp Trade is a trademark of the brokerage company Smartex International Ltd, which provides binary options trading services.

Olymp Trade is an international binary options broker operating on the market since 2014. The owner of the brand is Smartex International Limited. The company is the winner of prestigious awards: KROUFR Awards “Best Binary Options Broker”, IAIR Awards “Best Platform for Trading Binary Options” and Show World “Fastest Growing Broker”. The broker gained enormous popularity thanks to the unique conditions that he offered to clients: a minimum threshold for entering the market (deposit from $10/€10), high profitability up to 90%, guaranteed payments without commission in 24 hours, a full-fledged training account without investments, round-the-clock technical support and its own trading training center. FinaCom experts who certified Olymp Trade highly appreciated the security, power, “cleanliness” of accounting flows, the integrity of trading operations, the confidentiality of customer information and backup data storage.

Replenishment and withdrawal of funds

You can deposit funds into your account:

• from a bank card or by transfer through a bank branch (the slowest method);
• from Qiwi, Yandex Money, WebMoney, ePayments, FasaPay, Neteller, Scrill wallets. Let us note the fact of cooperation with WebMoney - another argument in favor of the broker’s reliability.

When you replenish, you will definitely be offered a deposit bonus (from 10% to 50%) , which directly depends on the replenishment amount. You can refuse it; the corresponding option is in the section indicating the amount to top up your account.

Please note that the broker introduces requirements for working out bonuses. A certain trading turnover is set and only when it is reached you will be able to freely dispose of the profit received using the bonus.

The minimum amount for depositing and withdrawing is the same – $10/€10 or 350 rubles. The binary options broker Olymp Trade does not charge commissions for depositing or withdrawing funds.

When it comes to output, the same methods are available. Moreover, the withdrawal only works in the direction in which the money was transferred to your account. That is, if you topped up from a WebMoney wallet, then you will have to withdraw it to it. An exception is situations when withdrawal in the same direction is impossible, for example, a bank card has expired or is blocked.

The broker reviews withdrawal requests within 5 business days. They claim that 90% of applications are reviewed within 24 hours after submission.

In some cases, the bank allows you to withdraw to the card only the amount that was transferred from it to the broker’s account. In this case, Olymp Trade will ask you for other details for withdrawing funds, for example, an electronic payment system wallet.

Trading platform

Convenient trading platform of the broker Olymptrade

We can say with complete confidence that the Olymp Trade broker has one of the best trading platforms for binary options! Here is just an incomplete list of the advantages of the Olymp Trade terminal:

• Switching timeframes
• Candlestick charts
• Technical indicators
• Scaling quote charts
• Levels of open trades directly on the quote chart
• Panel of open positions with a convenient trade timing bar
• Accurate quotes
• Trading binary options 60 seconds using non-stop technology
• Expiration times up to 3 hours
• Instantly open trades with no slippage

Registration procedure

In order to log into your personal account and go directly to trading, an investor needs to register in the system. This can be done by filling out the appropriate registration form offered by the site.

To gain access to this user form, you must click on the orange “Start Trading” button. In the window that opens, select the “Registration” tab.

The Olymp Trade registration form itself consists of only a few fields:

Quick registration in Olymp Trade

It only takes a few seconds to open an account with Olymp Trade. Since the broker has quick registration using social networks. Van needs to click on one link to start making money.

Quick registration in Olymp Trade

After registration, you will be able to test a demo account [this is a virtual account, does not require depositing funds] or open a real account and start trading on the exchange.

Registration and verification

To start trading with Olymp Trade:

• fill out the registration form. It is located on the main page of the site on the left side. It is possible to quickly register using personal data from Facebook or another social network;

  

• an account has been created, by default, each new client receives a demo account with a balance of 10,000 units of currency indefinitely. , the Olymp Trade trading platform immediately opens .

When registering, select the correct currency; you cannot change it later. The only option to do this is to delete your account and register again.

Although registration was quick, your profile is empty, you need to fill it out and increase security:

• Click on the button that opens the menu, it is located in the upper left corner. Select Profile;
• Confirm your email and phone number. I also strongly recommend that you indicate your real full name, since in the future you may have to undergo verification, and it is better to prepare for this immediately;

  

• We recommend activating two-factor authentication. It will take a couple of minutes, and security will increase by an order of magnitude. Here you can also find settings for trading itself, in particular activating and disabling trading in 1 click.

  

As for account verification, there is no direct requirement in the client agreement to go through it immediately after registration. You can open an account, top it up and trade, but when you withdraw your profits, the Olymp Trade trading platform will most likely require you to provide scans of documents confirming your personal information and registration address.

So it’s better not to delay with this, but immediately upload the necessary documents. The corresponding button is located at the bottom of the profile settings.

The requirements are quite strict. In addition to scans of your passport and other document confirming your registration, you will also have to take a selfie with the documents. The company allows up to 5 working days for verification.

If the data changes, for example, when changing a surname or moving, the client is obliged to notify the broker about this within 7 days. The corresponding requirement is specified in the client agreement. Failure to comply is a reason to block your account.

Another caveat is that multiple registration is prohibited. If you need to register again, be sure to contact technical support, explain the situation, the previous account will be deleted, and you will become a client of the Olymp Trade trading platform again. If several accounts associated with a client are detected, the binary options broker Olymp Trade blocks all except one.

Types of contracts

The trading terminal offers several types of options: classic and turbo. They differ in the duration of expiration. The profitability of binary assets can vary within 90%. Classic options are distinguished by the long-term validity of the transaction, therefore, short-term transactions are classified as turbo assets. It is worth noting that if an incorrect forecast is used, about 60% of the money bet will be returned to the platform client. It should be taken into account that the profitability in this case will decrease significantly.

Training and analytics from the Olymp Trade broker in 2021

The company attracts new clients not only with favorable working conditions, but also with the opportunity to master trading from scratch and receive forecasts from high-class professionals.

Education

A market newcomer can start learning from the main page of the site.

Access to educational programs from the main page

Or through your personal account.

Training from your personal account

The information is divided according to several characteristics:

• by difficulty level - for beginners or experienced traders;
• by the method of presenting the material - videos, articles;
• by topic - indicators, strategies.

Educational blocks

There is an official channel:

https://www.youtube.com/channel/UCfLuTumP4Tz8SPCMuDcnLOw/featured

Here you can watch training or analytical videos.

Analytics

The basic set of analytical tools offered by the broker's terminal includes a dozen trend indicators and a dozen oscillators. They can be installed on top of the main chart.

Selecting an indicator on the main chart

Or open a separate technical analysis window.

Go to the tab for technical analysis

There is no option to install additional signals. Fans of fundamental analysis are encouraged to use the company's calendar of economic events.

Calendar of economic events

You can work with any signals inside the terminal or on the MetaTrader4 platform, and the terminal can be used only for conducting transactions. For beginners, all forecasting techniques are collected in a single video block on the company’s official channel:

Terminal consultant services

On the Olymp Trade platform, novice traders are given the opportunity to consult with specialists on the issues of concluding transactions and working in the trading terminal. The following types of customer support are available today:

• personal manager services;
• online chat for real-time communication;
• telephone consultation;
• contacting the ticket system on the trading panel;
• Email.

The waiting time during business hours is 5-15 minutes, and on weekends and holidays problems are resolved within 1-3 hours.

Getting to know the terminal

The Olymp Trade trading terminal is a platform on which all investment operations for the purchase and sale of binary options are carried out. The following option time intervals are available to traders: 30 seconds, 5 minutes, 10 minutes, 15 minutes and 10 hours. In addition, you can independently set the timeframe hourly or minutely, but it should not exceed 11 hours. Clients are also offered early closure of the transaction, which can be done if less than ¼ of the total contract time remains until the end of the order’s validity period.

Compared to trading terminals from other companies, the Olymp Trade platform has a more comprehensive control panel, which includes basic settings and tools. It is equipped with a “How to trade” button, which redirects the trader to a page with help information. In addition, the amount of money currently in the account is displayed. In the upper right corner there is an icon that allows you to switch from a real account to a demo account. In the terminal you can find all the necessary tools for effective trading.

Olymp Trade uses binary options as trading instruments, the underlying assets of which can be currency pairs, cryptocurrency, futures and other objects. Since 2014, their number has increased significantly and currently amounts to 65 options, including:

• 6 commodities - precious metals, natural gas, oil and copper.
• 35 currency pairs - classic: GBP/USD and EUR/USD, ruble: USD/RUB and EUR/RUB, rare: GBP/JPY and CAD/CHF.
• 13 securities options – shares of European and American companies: Google, Apple, Tesla.
• 10 indices – Hang Seng, FTSE100 and NASDAQ exchange-traded funds.

Also, quite recently, the Olymp Trade broker began working with crypto-assets, a popular one of which is Cryptoindex. This is a kind of composite instrument, the price of which is based on the fluctuations of several quotes: Bitcoin, Litecoin and Ethereum. Changing the trend can be carried out with a tendency to rise or fall up to 3 points per second. Crypto asset trading and profit making scheme has some similarities with the PTC index.

Strategies for beginners and not only from the Olymp Trade broker

Trading that provides stable earnings is impossible without using the rules for opening a deal or strategy. It is based on trend indicators, oscillators, and uses one signal or a combination of them. A win-win strategy reduces risk and strikes an optimal balance between losses and profits. You can create it yourself or use ready-made options. Olymp Trade offers several ready-made strategies, for each of which the tactics for opening an option and the main characteristics of the signals are described.

We slide along the averages

Moving average (SMA) crossovers can be used as a primary signal for turbo trades or intraday trading. Only the period settings change. If the working timeframe is a minute, then the fast SMA should be taken with a period of 4, and the slow one - 60. A purchase is opened at the moment when the fast line crosses the slow one from bottom to top. Selling from top to bottom. The duration of the option is 5-10 working TF. That is, from 5 to 10 minutes for M1. Details about the strategy:

Profitability is from 70%, you can increase it by adding signals with the RSI oscillator.

Sale

Confirmed signal for the Put option: the fast line (purple) crossed the slow line (red) from top to bottom, on the oscillator the chart crossed the 70 line from top to bottom. That is, the asset left the overbought zone and its value began to fall. The reverse picture is needed for the Call option.

Buying using moving averages and RSI

On the oscillator, the chart left the oversold zone, followed by the formation of an intersection of moving averages. The oscillator cuts off up to 70% of false signals.

MACD professional

The tactic is designed for intraday medium-term trading. The analysis is carried out on an hourly chart, the duration of the transaction is from one to two hours. Three indicators are needed:

• EMA with a period of 10;
• MACD oscillator;
• Parabolic SAR.

In the technical analysis window we get the following picture:

MACD professional

Transactions are opened if three conditions are met on the Japanese candlestick chart. Put: EMA is moving down, the SAR point is above the candle, the MACD line crosses the signal line from top to bottom.

MACD professional put

Call: EMA is directed upwards, SAR is below the candlestick, MACD crosses the signal one from bottom to top.

MACD professional call

Designations in the figures: 1 - direction of the exponential average, 2 - location of the Parabolic SAR signals, 3 - direction of the MACD lines (they are duplicated by the histogram bars). Profitability over 80%. Video on how the strategy works:

Japanese standard

A non-indicator strategy based on candlestick analysis. If a trader uses scalping (short-term options), then patterns should be looked for on the M5 chart. If medium-term trading, then M15 and above. The duration of the transaction is equal to or 2 times longer than the working schedule period. That is, when analyzing five-minute candles, the option opens for 5-10 minutes.

Signals for opening an option

Buy: the body of the bullish (green) candle is greater than the body of the last bearish (red). Second option: the first bullish candle was smaller than the bearish one, but the second one closed above the high of the first one.

Candles for buying an option

Sell: the body of a bearish candle is larger than the previous bullish one or 2 bearish candles have been formed in succession, with the second one closing lower.

Candles for selling an option

It is better to use candlestick analysis during the European or American session. Open an option after the signal candle closes.

The shorter the time interval, the more false signals there will be.

The average yield for M5 is from 75%.

Japanese pearl

Trend strategy suitable for any time intervals. Based on the signals of a single indicator - Ichimoku. Its full name, Ichimoku kinkou-hyou, is translated from Japanese as “price equilibrium table that can be seen at a glance.” But not everything is as scary as the translation of the title.

Ichimoku was created for the stock market, but traders adapted it for Forex and binary options. There is only one feature: the reliability of the signals increases with the working time interval. By its principle, it is a combination of several moving averages and the Momentum oscillator, which have a slightly different calculation algorithm and graphical display. After installing the indicator, the following lines simultaneously appear on the candlestick chart:

1. Tenkan sen (Tenkan sen), which determines the direction of the short-term trend. It is built according to the data of the last nine candles.
2. Kijun sen, which determines the direction of medium-term price movement, is built based on data from 26 candles. It can be used as a resistance or support level.
3. Leading sliding senkou span A and senkou span B, between which there is a space called the “Ichimoku cloud”. Line A is ahead of developments by 26 periods, line B by 52. ​​Initially, the indicator was created for a weekly chart, so values ​​that are multiples of weeks were used. Depending on which line is higher, the cloud is painted in different colors (according to the color of the top line). While the value of the asset is inside it, there is no clear trend in the market, there is a flat. Closing a candle below or above the upper/lower border of the cloud is a strong signal of the beginning of a pronounced trend movement.
4. Chinkou Span is a lagging curve whose calculation algorithm is reminiscent of the Momentum indicator.

Chart with installed indicator

Signals for opening trades

Sell: the candle closed below the lower border of the cloud. Second option: Tenkan sen crosses Kijun sen from top to bottom.

Sales and purchases in Ichimoku

After closing the candle where the lines crossed in the desired direction, a put option is opened for up to three time frames. The same is done when the candle closes below the cloud. Buy: the candle closed above the upper border of the cloud or the Tenkan sen crosses the Kijun sen from bottom to top. The intersection of the lines is the first signal that the trend has changed. The signal confirms the closing of the candle body above/below the boundaries of the cloud. For short-term transactions, it is better to use a combination: signal and confirmation. At intervals of half an hour or more, only intersection can be used. The profitability of the strategy is above 75%.

Video on “Japanese Pearl”:

Reflection

The price movement forecast in this strategy is built using three elements:

• candlestick analysis - you need to know reversal patterns;
• resistance and support levels;
• oscillator Slow Stochastic Oscillator
  , which is available in the technical analysis tools of the terminal.

Transaction duration is 3-5 timeframes, profitability from 70%, suitable for working with time intervals up to M30. The strategy is described in detail in the video:

Early start

Medium-term trading system using the EMA line and the Bears Power oscillator. Gives reliable signals on time intervals H1 and older, it is recommended not to use for pairs with the Japanese yen. Trading tactics are described in detail in a special webinar conducted by the company in December 2021:

Procedure for opening transactions:

1. Call. EMA crossed the chart from bottom to top, Bears Power is in the negative part and is growing. After closing a candle whose body is entirely above the EMA, you can open an option.
2. Put. The exponential average crossed the chart from top to bottom, the oscillator shows positive indicators that are decreasing. As soon as the candle closes below the EMA, you can sell the option.

The duration of the transaction is from one to three candles, the strategy is only for currency pairs.

Law of relative strength

To work, you will need the RSI indicator and knowledge of the concept of “divergence” (divergence). A buy deal is opened when the RSI crosses the 30% border from bottom to top (has left the oversold zone) and moves up. At the same time, a top has formed on the chart below the previous one, the price is moving down. This is divergence.

Bullish and bearish RSI divergence

Selling is opened when there is a bearish divergence on the chart, the RSI leaves the overbought area, crossing the 70% mark from top to bottom.

Selling during bearish divergence

Buying an option is possible with the opposite picture.

Bullish divergence for a call option

The duration of the option is up to three time intervals of the work schedule.

"Three O" strategy

A variant of trading against the main trend, which is preferably used in low- or medium-volatility markets. The best option is the Asian trading session, the beginning of the European one and the end of the American one. Based on signals:

• RSI;
• CCI;
• Williams lines.

A deal is opened when the following conditions are simultaneously met:

• sell - RSI is below 70%, CCI is below the 100 line, the Williams curve has dropped below -20;
• buy - RSI is above 30%, CCI is above 100, Williams curve is above -80.

It is better to work on time intervals of less than an hour. Details at the Olymp Trade webinar:

Demark method

Again, an option for trading against the main trend, which is based on price movements between resistance and support levels. In this case, between Thomas DeMark levels or TD lines. Suitable for working with any assets on time intervals from an hour, option duration 1-2 TF. Video material to help:

DeMark's method does not work in flat trading.

TD lines are built in an unusual way:

• for an uptrend a support level is made, and a resistance level for a downtrend;
• The candlestick chart is read from right to left, from current quotes to past ones.

To construct a curve, mark the first point on the chart: a candle whose maximum (minimum) overlaps the highest values ​​of the three previous and three subsequent candles. If the trend is up, the candle will have a low lower than the 6 candles surrounding it. In a downward trend - with a maximum above three candles on the right and three on the left. Next, you need to find a second candle, unrelated to the first, that meets the same conditions. That is, in an uptrend, its minimum will be lower than 3 previous and subsequent candles, and in a downtrend, the maximum quote will be higher.

Resistance level on a downtrend

You need to buy when a bullish candle closes, the half of its body will be above the red line in the figure. To sell in an uptrend, look for candles with lows.

Selling by TD

When the signal appears (a bearish candle, which is half the body below the support), wait until the candle closes, then open a sell option for 1-2 candles.

Japanese trend

The tactics are based on a combination of Heiken Ashi candlestick analysis and RSI indicators. Suitable for any currency pairs, short and medium timeframes (up to an hour). Rules for entering the market:

1. Put. The RSI curve has passed the 50 level from top to bottom, the candles show a downward trend.
2. Call. The curve has passed 50% from bottom to top, and the candlesticks show an upward trend.

Option duration is 1-2 candles, efficiency is more than 70%. The working methodology is described in detail in the video:

Instructions for choosing a broker

You are not required to open an account with one of the companies listed above. You may not even take our binary options rating into account at all. The best thing you can do is to independently analyze a particular broker that you consider potential for cooperation.

Interesting poll at the end of the article!

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Below we provide detailed instructions on how to evaluate any binary options broker; stick to it and you are guaranteed to weed out suspicious offers. When choosing, you cannot limit yourself to a superficial study of the conditions and reading a couple of reviews on the Internet. Data becomes outdated, companies introduce new capabilities, so you have to work with the information yourself. You will have to take into account:

• reputation and experience of the company;
• regulation;
• trading conditions;
• trading terminal;
• deposit and withdrawal methods
• bonus policy;
• technical support work and other nuances.

Let's look at each point in more detail.

I also recommend reading:

Forex broker Amarkets: detailed review and personal review

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Reputation and experience in the industry

Everyone was once a beginner, but in 2021 several old-timers can already be identified (examples: Binary.com, Olymp Trade). Age is a good filter; scammers can rarely last more than 1 year. If a company has been operating for 3-5 years, this is at least a reason to take a closer look at it.

The next step is to check the broker’s reputation. We recommend:

• check whether the name of the broker or the owner company (they may not be the same) is on the blacklists of various self-regulatory organizations; there may have been fines from regulators in the past. Misdeeds can be different, if the broker was caught, for example, in forging a certificate - end your acquaintance with him there. TsROFR, FinaCom and other organizations have blacklists - don’t be lazy to study them;

  
  TFC blacklist

• check whether the company has been involved in scandalous stories in the past;
• study reviews. Don't forget about black PR. If you see something negative, pay attention to it only if there is evidence, for example, an appeal to the regulator and subsequent failure to comply with its decision.

As for registration, the vast majority have it offshore. So even the best binary options brokers are registered in Cyprus, Seychelles, Virgin Islands, Vanuatu. These are the jurisdictions most often chosen. The reason is the tax policy of offshore zones and difficulties with legislation in many countries. In Russia, for example, the legal status of binary options has not yet been determined.

Regulation

The situation in this matter is approximately the same as with the warranty when purchasing some equipment for the home. It’s not a fact that you’ll ever use the warranty card, but it’s calmer when you have it. Companies without regulation are not included in various ratings of binary options brokers

As for work in Russia, none of the brokers working with BO has or will have a license from the Central Bank in the near future. Over the past few years, the working conditions of Forex brokers have become more stringent, and what will happen to binary options is not entirely clear. None of the brokers received a Central Bank license, not because of their reluctance.

Regarding the different binary options licenses, consider the following:

• Having SRO (self-regulatory organization) certificates is valued lower than a certificate from a real regulator. By and large, the SRO does not have any leverage other than blacklisting the broker;
• There are a lot of regulators, usually we are talking about licenses from the Cyprus CySEC, the British FCA, VFSA (Vanuatu), a license from the Maltese MFSA is less common. Sometimes there is reference to compliance with European MiFID II rules. The Maltese regulator has the greatest weight - it has very strict rules and fraudsters will not be able to obtain its license. If you see a certificate like the one in the picture below, you can trust the company.

  

If the company operates in the EU, there may also be licenses from regulators in local countries.

Trading conditions

Newbies are most concerned about:

• starting deposit;
• bet size;
• a set of assets available for trading.

Advice!

Here we recommend that you first focus on the minimum bet, and then look at the restrictions on the starting deposit. It's all about money management. If the broker gives a minimum bet of $5, a deposit of $250 will be required to maintain the risk of 2% on the transaction. Most likely this amount will be higher than the threshold set by the broker.

With a bet of $1 for the same money management, the deposit should be equal to $50. At the start, it is more important for a beginner to gain trading skills; there is no point in opening an account of $250 if you can work with the same MM with a deposit of $50. When you reach a stable result, then you will think about increasing your deposit.

When it comes to the range of available assets, the more choices the better. But this cannot be considered the decisive criterion in determining the best binary options broker . Most people need 5-7 currency pairs.

Trading terminal

Its functionality can directly affect trading. Imagine that you are working with turbo options, for which the expiration period is 1-2 minutes, and the strategy is indicator:

• Working, for example, with Binarium, indicators are not available in the terminal; there are only a minimum of graphical analysis tools. You will have to look for an entry point on the live chart from Trading View, then switch to the Binarium terminal and enter into a trade. Several seconds are lost;

  

• in the Olymp Trade platform or any other platform containing built-in indicators, you enter into a deal as soon as you see a signal to enter the market. With expiration times of 1-2 minutes and a few seconds play a role.

  

Evaluate the ease of working with the platform. Navigation should be extremely simple, but the terminal should not be too primitive.

Replenishment and withdrawal of funds

A simple rule works here - the more options for depositing/withdrawing funds, the better. For Russia, the standard set includes:

• bank transfer and cards;
• EPS wallets. Usually this is YandexMoney, WebMoney, Qiwi, Skrill, Neteller;
• Crypto – optional; accounts in cryptocurrency are still rare.

  

If among the methods of replenishment and withdrawal of funds there is no option with a bank, WebMoney, but only Qiwi, AdvCash - this is very suspicious. These payment systems have poor security and it is better not to deal with such brokers.

Bonus policy

Depending on the honesty of the company, the bonus is:

• as an element of the fight for the client
  . Brokers use them as an advantage over other companies, give big bonuses, and make the conditions for working them out more lenient. This is typical of honest brokers;
• as an element of deception for a newbie
  . Formally, the company does not hide anything, but plays on the fact that the newcomer does not understand the nature of the bonus funds, and views them as a gift. After receiving the gift money, it turns out that you can use it only after working it out. The leverage is set in such a way that the profit in trading will work for more than one month to work off the “donated” hundred dollars. With a 99.9% probability, a beginner loses money in an attempt to gain the desired trading turnover.

Bonuses should not be forced. And if you took or received it by mistake, then try to cancel it by contacting technical support. If you plan to refuse a bonus, do not trade after receiving it, but immediately seek help.

Always evaluate the conditions for working out the bonus. This is written either in the client agreement or directly in the window with a description of the “gift”. And don’t chase record bonuses; the larger the amount, the stricter the working conditions.

And one more thing - the presence of a bonus should not limit your use of your own money. The best brokers from the TOP list do not allow themselves such liberties.

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Analytics and training materials

Consider both as an addition to good trading conditions and a convenient terminal. Both educational materials and analytics are not a significant factor when choosing a broker.

Analytics can even “spoil” a beginner by teaching him to work based on other people’s signals. If it is worth considering, it is as an alternative view of the market. Sometimes it helps to critically evaluate your own forecasts.

As for training, brokers offer both basic knowledge and ready-made strategies. But all this can be found freely online. Sometimes you come across something like “secret strategies”, but not a single broker will purposefully teach you strategies of their own that actually work. Think of it as a marketing gimmick.

What else to pay attention to

In addition to the above, when choosing the best binary options broker, consider:

• speed and adequacy of technical support response to requests. It is desirable that, in addition to the standard chat or email, there is also a hotline operating 24x7;
• managerial behavior. And in 2021, there are scammers calling people and offering to either open an account or offer analytics from a broker with a guaranteed result. This is a sure sign of an unreliable broker;
• a reliable company will not offer to connect to your account and trade for you;
• no matter what they write on the main pages of the site, the withdrawal can take up to 1-2 business days. This is normal and there is no need to panic.

Cooperation with a normal broker looks like this:

• the company ensures stable operation of the terminal and fair quotes;
• the trader trades and, if necessary, withdraws money without any problems.

It is important for a beginner to understand that the broker has no goal of teaching you how to trade. It simply creates the conditions for trading, the rest is up to you.

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RSI + CCI strategy

This strategy requires experience with technical analysis charts. The deal can be concluded on all currency pairs with the dollar. The trader’s task is to determine exactly when the trend will end and a reversal will occur. To do this, you need to turn on the indicators:

• RSI relative strength indicator with parameter 14;
• CCI index of the commodity channel is 20.

If both indicators enter the oversold or overbought zone, you can buy an option. For the CCI parameter, these zones are below 200 and above 200, respectively. And for RSI, the interval 70-100 is considered overbought, and 0-30 is oversold. All these zones are visible on the chart.

We buy an option with a time frame of 5 minutes. We are waiting for both indicators to fall into the overbought and oversold zones. If the indicators are in the oversold zone, we wait for their release and enter into a trade “higher” for 30 minutes. And vice versa, when both indicators leave the overbought zone, we buy a downside option.

Candlestick chart with RSI and CCI curves.

The main thing in this strategy is not to rush. Many beginners enter a trade too early and lose money. But if you respond to signals correctly, the strategy is profitable in 60% of cases.