Beware of Olymptrade

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What is Olymp Trade?
If you are an Internet user you must have seen Olymp Trade app advertisement at least once.

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Now, Talking about Olymp Trade it is a multi-asset trading Platform owned by Inlustris ltd.

It is a Binary trading option, which is the simplest and cheapest mode of earning money online.

In case you don’t know what actually is Binary Option

It is the Financial exotic option in which the later payoff is either fixed or nothing at all.

There two types of binary options

1.cash or nothing

2. asset or nothing

Now, The former pay the fixed amount of money if the option expires in the money while the latter pays the value of underlying security.

They are also called all or nothing options, digital options, fixed return options on American Stock Exchange.

Pros
Simplest and cheapest way of trading
The demo account is provided to become the pro player
The deposit and withdrawal process with Olymp trade is damn easy
They offer numerous tools, guides, webinars to teach newbie regarding the trading.
Cons
It is to be noted that trading in any field binary, crypto anywhere is a bit riskier. But once you pro you can control the risk.