Olymp Trade’s Commitment
Olymp Trade has been there for seven years. It’s almost a decade, and it has a long way to go.
Throughout these years, many things have changed in the sphere of online trading. That’s why, to survive and keep thriving, a broker needs to have certain qualities.
For Olymp Trade, it’s transparency, reliability, and a commitment to listening and hearing what traders have to say.
Among many requests Olymp Trade has been receiving, were suggestions from traders that appeared to describe a possibly new product.
On the one hand, traders were looking forward to having a new trading mechanic. First, an alternative to the other ones is a good thing from a diversification point of view. Second, it’s natural that users want to have a fresh tool to use just to have some change from time to time.
A more in-depth investigation revealed that traders were looking for something easy to use. A product that doesn’t require much specific knowledge and is designed in a simple and transparent manner.
On the other hand, traders shared a request to possibly provide them with a different set of financial conditions on their trade. As potentially beneficial for them as it possibly can be.
The New Mechanic’s Features
Olymp Trade was very happy to receive these requests. All of them are very interesting and valid points. Olymp Trade compiled them into one vision to design a new trading mechanic.
Stock Price Trades.
Its main feature is simplicity. Stock Price Trades is a very straightforward trading mechanic.
Friendly, simple, transparent. At the same time, it’s responsive to traders’ needs.
Trading Instrument Choice
Stock Price Trades is a trading mechanic that has stocks as an underlying asset type. There are more than 60 stocks to trade.
Some of them are shares of globally recognised corporations such as American Express, FedEx, or Monster. You may see their logos around you every day in your household and in the streets.
Others are a bit more specific and may be interesting for selective traders. Adobe, Verizon, Ralph Lauren, and Honeywell are available just to name a few.
Indefinite Time to Keep Open Positions
Stock Price Trades is a mechanic that favors position trading. It may be most effective when you open a position and hold it open for a long time. You may open a position making a buy trade and keep it open for as long as you want.
Essentially, it’s the investor’s approach. It gives traders freedom to plan for long-term trades and do so in a relaxed manner.
No More Fixed Minimum Trade Amount
There is no minimum trade amount. SPT is traded in units. A price of an SPT unit is equal to the price of the underlying stock. Therefore, the latter is the only thing that defines the entry-level amount with a particular SPT.
The price range of SPT is wide enough so that every trader can find a fitting underlying stock to match their required price target. There are cheap ones and there are expensive ones.
Therefore, instead of a minimum trade amount, traders now have a choice of stocks to pick.
No Commission for Opening a Position
This new trading mechanic takes no commission for opening a position. Instead of that, a Sale Success Fee is only charged to a trader’s account if the position is closed with profit.
Financially, it’s a breakthrough approach because it no longer imposes a fee on a trade with no regard to its outcome.
Conversely, with SPT, if there is profit on a position that was closed, a minor part of that profit will be retained by Olymp Trade as Sale Success Fee. If the position is closed with no profit, no such fee is to be paid.
With this approach, Olymp Trade links the positive outcome of traders’ activities to its own financial success. The more gains a trader makes, the more Olymp Trade may have as well.
It’s fair and mutually beneficial.
SPT is Worth Trying Out
If a trader prefers active day trading, Stock Price Trades may be used as a diversification tool to balance the risks associated with other trading mechanics and trading instruments.
If a trader chooses long-term investing as the primary trading strategy, Stock Price Trades perfectly fits that objective.
In both scenarios, SPT is a new, simple, user-friendly product offered by Olymp Trade and accompanied by 24/7 support and all the explanatory guidelines.