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Olymp trade, opinions

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Taking care of professional traders and their needs is indeed a good path for any brokerage to choose. I don’t think that nowadays brokers can compete by a mere lowering of spreads and commissions. This is is a straight path to the hell of unprofessional attitude to the quality of service, cause you can’t keep lowering commissions leaving the high quality of service simultaneously. So in case Olymp really stakes on widening the scope of services they provide, maximizing the number of assets and improving the quality of connection and executions - this is what can really make the company compatible among other brokerages.

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You might be right. On my side I wouldn’t mind having a bit more variety in indicators usage here. I like the overall stability of Olymp’s platform, but adding custom indicators like this is possible in Metatrader, wouldn’t hurt at all.

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Please don’t consider it an offence, but what kind of indicators can you miss here? No, really, I’m just trying to get it understood. My charts are naked, I don’t use any indicators and have very few chart drawings there. But I never stop wondering how others use indies and how they can be helpful. Especially the exotic ones. 

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I’m not that sure about exotics, but my set of simple indicators like moving averages and MACD help me remove emotional aspect from trading. I definitely can “read” charts as they are like you do, I can identify trends, see levels of support and resistance a you say, but without indicators I feel helpless in decision making. This wasn’t like that from the very beginning. In the beginning I considered myself to be a great naked trader and chart-reader as well. The problems started when I moved to trading live money and get consistently profitable. This is when I realized I need some help from the side to be making sound and most importantly decisions. Without indicators its rather easy to see that i.e market is going up. But when exactly it’s time to go long? When it’s time to fix the profit, where should be the stop loss, where is target? People may laugh about moving averages intersections as long as they want to, but as long as they help traders make decisions without draining their brains - people will keep using those.

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I see your point. You are right, emotions are difficult to keep under control. But I guess those who love getting emotions won’t find any use neither in indicators, nor in scientific approach, nor in any other statistical numbers. Only huge ZERO on their accounts will help in certain cases. But you are right, it’s good when people have choice. If they like indicators - here you go. If you don’t like - simply don’t use the feature 🙂

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You know, this is really funny, but look like Olymp’s marketing team is watching our conversation. Did you know they’ve added MetaTrader support in the least of their constantly expanding features? 

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No way! How did you find out? Oh my, any custom  indicators of my choice are there now! Even volumes! Jeez, I can see the volumes now. THANK YOU OLYMP, U’DA BEST!

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Well, I simply wanted to register a demo here. And I was offered to use MetaTrader as one of the platform options. I refused it by the way :) The original platform is something I really liked when I read some of Olymp Trade’s reviews. It’s plain, it’s got MOST IMPORTANT indicators, its easy to switch between option and forex. But I do beileve some of their clients will appreciate the innovations like you did :)

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It’s for muslims. Islamic religion does not allow doing any financial operations after the sunset, this is why SWAPs are not charged upon their request. Instead they pay the alternative fee, which is about same as SWAP.  

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No, MetaTrader does not have a feature that would allow options trading, so this would be the main difference. The other thing is that there is a different approach to trading fees. At Olymp’s web trading platform they apply commission per trade and no spreads. With MT4 there are spreads but no other fees. 

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Thank you, I’ve got the idea. It seems like this is not possible to login to Metatrader without registering the special Olymp account for this purpose. Or am I wrong? 

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Hmm, looks like a lot of changes. From what I see with MT4 one can choose between ECN and standard, which basically means you can apply both formats of fees application with Metatrader account. With ECN you’ll get commission and no spreads, with standard you’ll get spreads and zero commissions. The other difference that I’ve noticed is that MT allows trading a wider list of assets. Personally I felt totally fine with the assets the have in the original platform. And to tell the truth, it was easier to calculate the risks with the web platform of Olymp’s. Anyway, I hope they are just expanding and don’t plan to close the support of their custom trading platform. It is nice to have a choice. I’m undecided yet about which one I prefer. 

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Fingers crossed it's all about expansion, and they will keep the support of options trading. THe last few weeks were a total blessing for options trading. Markets are very volatile and there are so many opportunities. I absolutely hate when the price is stuck near the entry point and keeps moving between win and loss situation till the expiration. I didn’t happen much lately which I’m happy about.    

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