[Resolved] Olymp Trade — A low leverage

[Resolved] Olymp Trade — A low leverage

Omar Panchal Jan 8, 2021

Olymp Trade, can you explain why I can't choose a leverage of more than 1:500 in the platform? It's my deposit and my money. Why can't I use it as I see fit? Yes, I have a little deposit. Not all traders are millionaires. And sometimes, your customers can't deposit a few thousand dollars into the account at once. But I know that my friends with the same deposit amount earn much more if they use 1:1000 or even 1:2000 leverage. Why can't I choose it? Please add such an opportunity! Was this information helpful? No (0) Yes (0)
Jan 12, 2021 Complaint marked as Resolved For a long time, I was dissatisfied with 1:500 but recently it turned out that it’s enough to steadily increase my depo. I simply changed my approach to trading and now it completely suits me. Olymp Trade customer support has been notified about the posted complaint. Verified Support Jan 11, 2021 Olymp Trade Customer Care's response Hi there, Omar Panchal! Thank you for getting in touch with us. We understand your point of view, it is indeed your own choice how to dispose of the funds on the platform. Your opinion matters to us, we will take into consideration your comment regarding adding new leverage options. For now, the maximum leverage on the Olymp Trade platform is 1:500. The 1:000 or 1:2000 leverage is not introduced as it will bring high-risk exposures as it amplifies not only the profit but also a possible loss. Best regards, Olymp Trade team.
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