A country in the Pacific-Asia region, Malaysia has quietly become one of the well-off countries in the world. It permits citizens to trade in any financial product with few or no limitations. This is why binary option in Malaysia has made a great development over the last few years. Even though privileged, there are things that you should be considering to avoid regret like choosing a broker equipped with knowledge.
Popular amongst Malaysian traders is Options trading. But, because of the ascending numbers in online financial scams, taking extra measures is highly recommended through legitimate and reliable brokers only. Many experienced Malaysian traders commend Olymp Trade as one of the brokers you can trust.
OlympTrade Review in Malaysia
Own by Smartex International Ltd. in Seychelles, Cyprus, Olymp Trade is known to be one of the largest trading platform brokers. Established in 2014, numerous trading options are offered like Stocks, Forex, Options Trading, and Cryptocurrencies. It is also considered different among other financial services because of its free demo account, wide range of assets, and low entry-level for traders.
No transaction and hidden fees but a small fee will be charged for open positions kept overnight. For traders’ convenience, they will have access to both Forex trading and Digital options through the same account and platform.
Two types of accounts are available with Olymp Tade and one is a Demo account that you can choose to create to start learning how to trade. Beginners must register with a demo account to acquire sufficient skills and knowledge before proceeding to a real money account. Second is the Standard account that requires a $10 minimum deposit and will let you access to $10,000 virtual funds in your demo account.
One of the essential advantages of the trading platform is the availability of a demo account immediately after the registration, which is not common. Typically, a demo account can be opened only after the replenishment of a real account for a considerable amount. Both demo and real accounts allow canceling the transaction before it is completed with a refund of up to 60% of the transaction amount.
The minimum deposit amount is just $10, and $1 for minimum trade which is economical for new traders and a free demo account.
Options trading is an accessible tool for everyone and with a reliable broker like Olymp Trade Malaysia, you’ll be guaranteed to have productive and secured trading.
Risk warning: Be aware and keep in mind that trading is risking money. It’s better to start with a demo account if it’s your first time to gain proper knowledge and experience. Never spend money that you can’t bear to lose.