Options trading is a relatively new trading instrument that has gain attention of Pakistani traders very quickly. With an increase of online financial transactions, the risk of fraud in options is also high just like any unregulated financial transaction, so it is advisable to play cautiously with an accredited broker like Olymp Trade.
Is trading Bianry Option is legal in Pakistan?
Trading Options has been legalizing in Pakistan by governing body called SECP. Although, option trading is not regulated by any Pakistani financial institutions. Since most of the regulated options brokers are operating overseas, Olymp Trade provides the most reliable and professional platform for trade.
Why trade Options?
Olymp Trade platform provides one of the most reliable solution for Pakistani traders for successfully executing options trading. The transparent nature of options trading keeps traders aware of risks and possible gain for each trade before entering into a transaction.
The trader does not require to know the different complicated procedure to execute a trade. In the beginning, only things you need to understand is technical analysis, fundamental analysis, and basics of money management. On our website, we have prepared a lot of articles about these (and also other) topics that will help you to trade.
The simplicity of options trading reduces the risk management worry of traders. The concern of margin call will also disappear as the transaction of options is without leverage or margin.
Options are one of the most profitable financial instruments for traders where a payout may reach up to 92% through a broker like Olymp Trade. All it is required from a trader to identify the correct direction of the asset.
A recognized broker also provides free educational tutorials to make sure traders are well aware of the risk and technique for successful trade execution. OlympTrade is providing good trading materials in their trading academy. So don’t forget to check these materials.
Olymp Trade – Good broker for Pakistani traders
A reliable and professional broker act as a critical for achieving successful and fair trading. Olymp Trade is offering its services from 2014 and recognized as one of the most trusted brokers in the Options market and a member of Financial Commission of A category. Membership of International Financial Commission showcase dependable and sincere effort of quality service during its operational tenure.
As we said at the beginning we are getting a lot of questions, and one of them is – how to register to Olymp Trade’s platform. It’s very simple, go to > Olymp Trade registration form < and fill all required info (email and password).
Now you will be redirected to the broker’s platform. Here you can start with a demo account of virtual money of $10,000. For real account, you can deposit a minimum amount of $10 and can trade with as low as $1.
It provides multiple secure deposit methods (check the list below) :
I guess that everybody will find a way, how to deposit to this broker. There are many ways.
OlympTrade verification for Pakistani traders
Similarly, it is equally important to verify your account with Olymp Trade for the completion of registration. Certain documents are needed to make sure the account is verified successfully to withdraw funds from the Olymp Trade account.
- A color copy (scan/photo) passport or national ID card where the face of the individual is visible including the details in the passport or national ID.
- User “selfie“ photo with its passport and the detail of the document is visible.
- Screenshot of bank transaction or e-wallet with payment confirmation.
Share all necessary documents to the e-mail address that you get in the registration email. Usually, it’s this – firstname.lastname@example.org – but make sure it’s 100% right. Send it together with the login email address given at the time of registration. Generally, the process of verification takes up to five business days, but it can also take 1-3 days. The user will get a notification e-mail after the completion of validation.
Detailed info about the verification process, you will find more info in our OlympTrade review.
The opportunity of trading options comes with a high payout, but we must not get lure by it. We always advise to start with a small amount and gradually increase your investment. To avoid any cheating rely on brokers like Olymp Trade which is one of the recognized and trusted name for options trading.
Never start trading on real account if you don’t have any experience. You need to have proper knowledge and experience. Never forget that when you are trading you are risking your money, it’s not that easy how you may think. Be careful and remember that you shouldn’t trade with money that you can’t afford to lose. Good luck!