Oct 22, 2023
Complaint marked as Resolved Alright, I found the root of my problem, there are no spreads on Olymp Trade forex trading.I thought I needed to activate it from somewhere to display the buy and sell price, but I just discovered that this broker is charging a commission only, there are no spreads at all.
The commission is calculated based on the trade size and multiplier used… I still need to understand better how it works, but I think this would be even better for my trading strategy.
Olymp Trade customer support has been notified about the posted complaint.
Thank you for your comment. We do not charge for Spreads. A small fee as commission is taken only on the Forex trading mode. A certain amount is deducted from the trader's balance when opening a Forex trade. This amount depends on several criteria: trade amount, multiplier, asset specification, etc. The current commission is shown along with the rest of the information about the trade. However, the final payment may sometimes differ slightly due to the market situation.
Information about the minimum commission rate for opening trade and other conditions can be found in the "Assets " menu's " Trading Conditions " tab. You can access it through the "Help" section.
Another fee that you may need to know is the Overnight fee. Overnight fee is a commission for carrying a trader's leveraged position overnight and then deducted from the balance on a daily basis.
The amount of commission depends on the factors of the trade amount, direction, multiplier, and overnight fee rate of the pair. The latter can be found in the "Assets " menu's " Trading Conditions " tab.
Best regards, Olymp Trade team.
We are so happy that we have been useful to you. We understand that sometimes there would be some confusion around trading. But we are glad that you have reached out to us. We are here to answer any question that occurs to you along your trading journey.
Please let us know if you have any further questions.
Best regards, Olymp Trade team.