As mentioned above, Olymp’s trading platform has been developed by the company’s own programming team, which makes it much easier to apply internal corrections and amendments, as well as carry out technical updates. The broker offers iOS and Android mobile apps, and the browser version of the platform is also adapted for any screen resolution, which makes it possible to use the trading platform on smartphones and tablets with no inconveniences.
Olymp Trade focuses on the single trading tool – the classic “call/put” option; the platform offers 8 standardized expiration terms, with the longest being 3 hours and the shortest being 1 minute; traders can set their own timeframes as well. In this respect, the platform can still be considered quite minimalist due to the moderate choice of tools and assets, however, that same fact, together with the high level of usability, makes it an interesting option for beginner traders.
In case of a winning trade, the profit percentage varies between 10-80%, depending on the asset and current market conditions, such as volatility. After a losing trade, a small window appears, advising to proceed to the educational section or to get acquainted with the currently present automated signals. In the left part of Olymp’s trading screen, an indicator can be found with other traders’ current positions, which might also be used as a separate trading signal. Users are allowed to cancel trades up to ¾ into the life of an option.
The trading interface is refreshingly simple, neatly organized and easily understandable, yet lacks a “wow”-factor which might attract experienced traders; beginners, on the other hand, will find it to be a good potential introduction to the world of binary options trading.