[Resolved] Olymp Trade — No leverage on the platform

[Resolved] Olymp Trade — No leverage on the platform

P PeterMutti Feb 10, 2024 Feb 19, 2024 This thread was updated on Feb 19, 2024

You know how you select the leverage of your account before you use it, this broker does not let you do that. Once you open an account, the broker just gives to you whichever leverage. I think it is the maximum leverage for all instruments because on the major currency pairs, I see something like 500X. So what if I do not want to trade with 500X? Some people do not like to trade with high leverages like that and I think it is wrong of the broker to just give clients a fixed leverage. I think many people will agree with me. Or did I miss something? Was this information helpful? No (0) Yes (0)
Feb 23, 2024 Complaint marked as Resolved I guess I didn't understand how it worked. It turns out that there is nothing wrong with leverage of this broker. Moreover, now I realize that this leverage option is more convenient than the one I expected to get. It turns out that I can customize leverage and choose its value. Thank you for clarification! And now I know that I have advantage because I can customize my orders more precisely. Olymp Trade customer support has been notified about the posted complaint. Verified Support Feb 19, 2024 Olymp Trade Customer Care's response Hello! You can select the appropriate multiplier if you click on the "Multiplier" button. All the best, Olymp Trade
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