[Resolved] Olymp Trade — Couldn't sort things out about FTT

Peter_Tandon

from Almora, Uttarakhand

Apr 23, 2024

Address:

Almora

I have recently joined this broker.
I didn't have any troubles during registration, as well as verification was passed smoothly. Well, it took some time after I uploaded documents, but I know that this procedure usually takes more time than you expect.
Moreover, I quickly deposit funds via crypto, it was super fast.

However, the main point of my application is about FTT trading mode. There was a day when I traded too much and hence the commission charged was too high. But, my friend told me that he doesn't pay a lot while trading FTT and it made me stuck... We compared numbers and it turned out he pays like 20% fewer than me. What's going on, Olymp Trade?

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May 4, 2024

Complaint marked as Resolved

I completely forgot about statuses. It's fair he pays 20% fewer than me since he has commission discount because of the Expert status. I really missed this detail. Sorry, olymp trade for suspecting you in something, I sincerely didn't want to do that and big thanks to you for explaining me everything. It's truly essential for me, I'll be more attentive!;)

Olymp Trade customer support has been notified about the posted complaint.

Verified Support

May 03, 2024

Olymp Trade Customer Care's response Hi, Peter_Tandon.
Fixed Time Trades (Fixed Time, FTT) is one of the trading modes available on the Olymp Trade platform. In this mode, you make trades for a limited period of time and receive a fixed rate of return for a correct forecast about the movements in currency, stock, and other asset prices.

Trading in Fixed Time mode is the easiest way to earn money on changes in the value of financial instruments. However, to achieve positive results, you need to take a training course and practice with a free demo account available on Olymp Trade.
Best regards, Olymp Trade team.