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Olymp Trade is like most internet trading platforms. Olymp Trade makes revenue through a technique called the “spread”. Spread refers to the price difference between asset’s asking and bid prices. A trader pays the asking cost when they buy an investment. They are then paid the price they bid to sell the asset. Spread, which is how the platform was born, is the difference between these two prices.
Olymp Trade does charge a fee for overnight positions. The “overnight charge” is charged to traders who keep open positions overnight. The cost of the “overnight fee” varies depending on the asset. However, it is displayed in the trading platform before the trade can be executed.
Olymp Trade offers a variety of trading tools and training resources that can be used to generate additional revenue. To help traders increase their success chances and improve their trading skills, Olymp trade offers educational resources such as webinars and video lessons. The platform makes money through these tools, which increase trading volume and activity.
Olymp Trade also offers its training program and VIP account with additional perks, such as priority withdrawals and a personal manager. These services are paid and help Olymp Trade make money.
These are the methods Olymp Trade uses to generate revenue. You don’t have to worry, Olymp Trade isn’t trying trick you. The platform just wants to make money and keep offering high-quality services to its users. Olymp Trade makes sure that traders are informed and educated to make better decisions and improve their chances of success.