Olymp trade application is an amazing application where you can do trading and withdraw your earned profits easily. The application is regulated and this makes it a good platform to trade in. It has amazing features that make it easy to use and every user is guaranteed quality services every time they get on the app.
This article seeks to answer the question of whether the application is a scam or not. What are the available payment methods and how can you withdraw your profit? Read on!
Should I open an account with the Olymp trade application?
The Olymp trade company has managed to develop a good reputation in the trading industry. It is regarded as one of the qualified brokers for trading and online investment. The company has incorporated amazing features into its Olymp trade app which makes it user-friendly and modifiable for the user’s convenience.
As stated above, the application provides users with an easy step-by-step process that allows them to withdraw their real earned profits. Olymp trade app is best for trading in forex and therefore users are guaranteed to have zero problems when carrying out their transactions.
How to withdraw profits from the app
Here we focus on the step-by-step procedure of how you can easily withdraw your profits from the Olymp trade app. The internet is full of scammers who take advantage of uncertain traders out there. However, this is not the case with the Olymp trade. The company is regulated and it ensures that users get all their profits without a hustle. The application also features different payment methods that you can use to withdraw your money. This include:
- Use of Debit or credit cards
- Use of electronic wallets such as Qiwi, Neteller, Yandex, and others
The company shows a lot of promise and as it continues to grow, more methods of payment and markets to trade will gradually become available. Below is a detailed guide on how you can withdraw money from the Olymp trade app without any difficulties:
- Apply for a withdrawal on the page
On the Olymp trading platform, you will see a MENU button. On the menu, click withdraw and you will immediately get transferred to the withdrawal page. This page highlights information regarding your finances including account balance, the amount available for withdrawal, and available bonuses.
The minimum amount that you are required to have in your account to make a withdrawal is $10. However, you can withdraw any amount as there are no maximum limits. You can also withdraw the money using the same method of payment that you may have used for depositing.
- Proceeding to payment
Once you have made your withdrawal request, you will get an email notification to let you know that your payment process is proceeding well. Note that the money you requested for withdrawal can no longer be used for trading because it is no longer available. Once the payment is complete, the amount you specified will be subtracted from your balance.
- Payment successfully done
Once the withdrawal is done and the amount deposited into your preferred account, you will receive another email notification. Moreover, the withdrawal will also be displayed on your Olymp Trade account. In case you wish to make large withdrawals, the broker may request ways to personally identify yourself to fight off scammers.
Can I Withdraw bonuses?
The app does not allow bonus withdrawals. The available bonuses are provided to help you earn more profit. On the bonus menu, you will be able to see the available amount. This can be then converted to a deposit amount that you can use to trade with, hence earning more profit.
How long does it take to withdraw money from Olymp Trade app?
The withdrawal period typically varies from two to five business days. However, this timeline depends on the payment method you chose. The process is much quicker for users with electronic wallets such as Neteller which might take just a few hours. Electronic payment methods are more convenient because they are much faster and also well regulated.
Another amazing feature of the company is that it does not charge any extra fees when making withdrawals. The same feature applies when making deposits. This makes the Olymp Trade app more convenient to use compared to other brokers.