RBI puts out alert list of illegal forex trading sites

CFD is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash-settled. Apart from educational tools, Olymp Trade comes with a plethora of features. The platform guides best platform for forex and stocks trading in India and encourages new users through recommendations. Surprisingly, Olymp Trade offers attractive deals and bonuses for its clients from time to time. In terms of deals and promotions, users can get a 50% bonus on their initial deposit.

• An audit of 5000 customers’ trades found that the quality of service meets the standards.
• Surprisingly, Olymp Trade offers attractive deals and bonuses for its clients from time to time.
• Forex trading is by far the largest financial market with more than $5 million in daily volume, whereas options trading are the easiest instrument to learn.
• Olymp Trade is committed to providing transparent, reliable service, and paying close attention to client requests.
• If you make a trade up to £5,000, you also get the opportunity to interact with a VIP consultant personally.
• Affectionately termed ‘Jensanity’ by local media, Huang’s arrival drew fervent crowds seeking autographs and glimpses of the AI icon.

Olymp Trade Trading Account Features

If you’re opting for a bank transfer, you may have to wait for a few hours or an entire day. It’ll be best for new traders to skip this point if you haven’t yet grasped the vital information related to leverage. You’ll have to pay off a significant fee if you want to trade overnight. Apart from this, the platform also charges a subscription fee and inactivity fee.

Investment in Asset Classes or Markets by Olymp Trade

• To sign up and start trading with Olymp Trade account, you must provide your name, a phone number and email address.
• The video tutorials, webinars, and interactive courses are some of the best things you get with this online broker.
• Besides this, the Olymp Trade website provides users with a free demo account and allows them to practice their strategies which can be implemented whilst doing real-time trading.
• Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.
• Olymp Trade is a platform focused on making trading accessible to all.
• According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period.
• Olymp Trade mobile apps have the same atmosphere of active trading and can become an essential part of a trader’s career.

These markets are helping people around the world in making their lives sustainable. Before you invest your hard earned money in financial markets, you are given the opportunity to practice and build a solid foundation of skills. Olymp Trade is a platform focused on making trading accessible to all. Investment is seen as one of the best hobbies, as it allows you to take advantage of the most traded financial market in the world, using the simplest trading instrument. Forex trading is by far the largest financial market with more than $5 million in daily volume, whereas options trading are the easiest instrument to learn.

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That’s why you can also trust this online trading platform easily. For new traders, a demo account has always been the first helping hand. Similarly, if you’re also a new trader without any prior trading experience, don’t skip using the demo account. Suppose you want to take a full overview of this online trading platform before using its premium account.

Olymp Trade Mobile App

The price chart can be presented as Japanese candlesticks, bars, HeikinAshi candles or a line chart. No matter whether you’re trading through mobile or desktop, if you’re using Olymp Trade, you can invest at any time, anywhere. If you are afraid of putting your money for trading via a random trading platform, you can check its licensing.

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Forex mode on the Olymp Trade platform attracts users with its usability, a simple mechanism of placing the orders to fix the profit (take profit) or limit the loss (stop loss). The platform uses high-end encryption, which provides full protection to the user’s data. Every market follows a varying timeframe and you may find yourself restricted to invest in your favorite asset.

Olymp Trade Commission or Brokerage

This online broker allows you to put your strategy into execution that often surprises you when you draw profitable outcomes. If you’ve never stepped into a fully digital trading platform, it’s the best way to move on. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. Olymp Trade has announced an introduction of a service levels system. In the first iteration, the company traders will receive Starter, Advanced, or Expert statuses.

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You can choose between standard to VIP trading account to start trade. It has been in the market of online trading for over 6 years and earned the trust of millions of traders worldwide. Olymp Trade is committed to providing transparent, reliable service, and paying close attention to client requests. Before investing your money, don’t forget to try a couple of strategies to determine what suits your goals and trading style best and thus minimise mistakes. Olymp Trade created its free educational material and built-in automated assistant, keeping the new traders in mind.

Regular Quickler trader who is doing 98% of trades

• It may be a primary trade mechanic for those who want to invest long-term in a relaxed manner.
• Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit.
• Before you invest your hard earned money in financial markets, you are given the opportunity to practice and build a solid foundation of skills.
• Olymp Trade is an A-recognized member of the International Financial Commission which enables the platform to cover unfair trade practices up to $20,000.
• Get to know where the market bulls are investing to identify the right stocks.
• Ads of many such platforms can also often be seen on popular social media platforms including YouTube.
• Notably, London-based OctaFX, which the RBI says is not authorised to deal in forex, was also one of the official sponsors of the Delhi Capitals team in the Indian Premier League (IPL) this year, say media reports.
• The Olymp Trade makes sure that every visitor on this fantastic online trading platform doesn’t encounter any confusion.

The demo account by Olymp Trade is a complete copy of the premium account. So make sure you’re choosing the same mode of payment while depositing and withdrawing the money. Though, the platform will never accept your withdrawal request from the different payment options. Every feature of this mind-blowing trading platform is clear and concise. Amid the trading, if you encounter any issues, the chat function also pops up on the screen.

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The entities in the alert list are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platforms for forex transactions. To sign up and start trading with Olymp Trade account, you must provide your name, a phone number and email address. Once all of the required information is entered, you can start practising with your demo trading account. Deposits can be made quickly and easily through one of For a VIP account, you must deposit the required amount (approximately $2000). VIP account traders are given higher payout rates, forex trade multipliers, as well as the ability to make risk-free trades. Besides this, the Olymp Trade website provides users with a free demo account and allows them to practice their strategies which can be implemented whilst doing real-time trading.

Olymp Trade Trading Hours

But the rest of the features that this Trading Platform offers you are truly attractive. The platform runs under IFC regulation, which isn’t a reputable regulator, and that may cause a little hitch in your decision to choose Olymp Trade for trading. Though, the spreads you get in a standard account are only 1.1 pips. The video tutorials, webinars, and interactive courses are some of the best things you get with this online broker. However, it often becomes hard for a few traders to trust IFC regulatory bodies because it isn’t that famous. The regulation and licensing describe the reliability of any online marketplace related to monetary exchange.

Also, the RBI has clarified that an entity not appearing in the ‘alert list’ can’t be assumed to be authorised by the RBI. The RBI says people can undertake forex transactions only with “authorised persons and for permitted purposes”, in accordance with the FEMA rules. Though, in terms of education, the platform assists new traders a lot. Still, trading with a VIP trading account is more profitable but requires a relatively high minimum deposit amount. Olymp Trade is an A-recognized member of the International Financial Commission which enables the platform to cover unfair trade practices up to $20,000.

What is an Alert List?

• However, you can also assume it a small trading tool that you’ll be carrying for all time in your pocket.
• The ‘alert list’ is not exhaustive, says the RBI, adding that it is based on what was known to the RBI till September 7, 2022.
• Every year, the company is setting a new record for its success.
• It is a perfect solution for those who enjoy getting predictable financial results.
• All concepts, strategies, and tools are explained in simple language to ensure even the newest traders can learn everything necessary and become successful.
• Whenever you wish to make a well-informed decision, this app will always assist you.
• The risks of using this instrument are strictly limited, which prevents traders from getting a negative result like losing a larger amount than that of the investment.
• Fixed Time Trade trading involves buying or selling a contract before a certain date (expiration) and getting specified returns.
• Apart from educational tools, Olymp Trade comes with a plethora of features.

Affectionately termed ‘Jensanity’ by local media, Huang’s arrival drew fervent crowds seeking autographs and glimpses of the AI icon. He attended a high-profile dinner with Taiwanese tech leaders and was a guest of honor at the World Masters Games opening ceremony. Myles Garrett, Cleveland Browns’ star defensive end, was absent from voluntary OTAs, attending the Crunchyroll Anime Awards in Tokyo with Chloe Kim.

Over time, the platform has earned a high status in the online trading marketplace. Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit. Therefore, the financial side of the new mechanic is also designed in favor of traders. The newly announced service eliminated minimum trade amounts, and instead, replaced it with SPT unit price equals the underlying stock’s price. The stock price range is very wide and allows any trader to find an SPT that matches their price targets. On evaluating suggestions and feedback from the client, Olymp Trade witnessed a demand for simple, straightforward, and new trading mechanics.

• Analyze the market sentiments & identify the trend reversal for strategic decisions.
• Olymp Trade is a platform focused on making trading accessible to all.
• Others are i-Stream (operated by ICAP IL Indian Pvt Ltd), TEX/SEP and 360TGTX (operated by Three Sixty Trading Networks (India) Pvt.
• Olymp Trade mobile apps have the same atmosphere of active trading and can become an essential part of a trader’s career.
• Every option is well-organized that delivers easiness in the trading activities.
• It has been in the market of online trading for over 6 years and earned the trust of millions of traders worldwide.
• According to a 4 February Mint report, RBI had noticed that these platforms offered a derivative product called contracts for differences (CFD) during the lockdown period.

The risks of using this instrument are strictly limited, which prevents traders from getting a negative result like losing a larger amount than that of the investment. The Olymp Trade makes sure that every visitor on this fantastic online trading platform doesn’t encounter any confusion. Olymp Trade has been one of the strongest players in the financial industry.

Related stocks

• All these plus points draw trader’s attention towards the online trading broker.
• If you’re opting for a bank transfer, you may have to wait for a few hours or an entire day.
• Olymp Trade app also provides easy access to learning material which enables new traders to get acquainted with the system easily.
• Various methods of investing can be used on Olymp Trading which keeps new traders from making uninformed decisions.
• Here, you can confidently invest your hard-earned money and secure a highly profitable position.
• The risks of using this instrument are strictly limited, which prevents traders from getting a negative result like losing a larger amount than that of the investment.
• Therefore, being a small investor, this place can prove to be a reliable option.

It also offers you the assistance of forex for testing your knowledge. It has proved itself to be a reliable guide in the world of financial markets for hundreds of thousands of people from all over the world. In February this year, RBI had warned people against trading forex on unauthorized platforms following growing reports of people falling prey to such entities. The central bank has said people should not undertake forex transactions on unauthorised ETPs or remit or deposit money for such transactions. Those indulging in illegal forex transactions can render themselves liable for legal action under the FEMA. Olymp Trade is one of the cheapest alternatives for new traders to start trading.