Aug 18, 2023
Complaint marked as Resolved Daaamn I just found out after doing some digging, how could I miss that, they are practically the same thing! if the original assets cannot be bought and sold after market hours, the CFDs work with the same logic. I thought they are a little bit different than the actual one, well technically they are, but price-wise, cfds here follow the real value of the assets. I did not know that, I thought they were differnces to it. Now that I understood, it absolutely seems logical and clear to me.
Olymp Trade customer support has been notified about the posted complaint.
Thank you for your interest in OTC assets. We are glad to inform you that OTC (Over-The-Counter) assets are formed not within a formal exchange but on the basis of over-the-counter information sources. The distinctive feature of the OTC market lies in the principle that the OTC traders act as market makers and have the right to independently set the price of the assets.
The main difference lies in the fact that the liquidity providers do not participate in transactions with OTC assets, as the company executes the trade independently. That is, the participation of liquidity providers is not required for the opening and early closing of the trade. In OTC the trade is made at the moment of agreeing on the essential terms with the company. We suggest using cryptocurrencies on weekends and regular currency pairs on working days.
Please let us know if you have any further questions.
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.