Security instructions for two-factor authentication of the Olymp Trade account


Two-factor authentication

You are here. It probably means you have chosen Olymp Trade as your derivatives broker, and you have put your trust in it. Security is very important for all the parts. That is why the first thing to do is to fill meticulously your personal data on the profile site. Here, I want to tell you what else you can do to keep your Olymp Trade account safe.

Key Takeaways🔑

Olymp Trade is a reliable trading platform that prioritizes account security.
Providing accurate personal information and enabling two-factor authentication are important steps for securing your account.
Keep your profile information up to date and make sure you have a stable mobile network when waiting for your authentication code.

Contents

Provide all necessary information at Olymp Trade

It is possible, that you are here just for fun. Only to play with trading a bit. If this is your case, there is no need to worry too much about security. However, if you joined Olymp Trade to earn, then you should do everything possible to make it a safe place for your funds.

First you need to go to your Profile section
First, you need to go to your Profile section

The first thing is to complete personal information. Go to the Profile section and fill in all the data like name and surname, e-mail address, and telephone number. Remember to update the information whenever they change.

Remember to have your profile data updated
Remember to have your profile data updated

Two-factor authentication of the Olymp Trade account

Then you can use two-factor authentication. Whether you choose an e-mail or SMS, the data should be real to secure your account. Click on the “Google” or “SMS” button and you will receive a message with a sequence of numbers. You should then enter these numbers in the provided field and press “Confirm”.

Three easy steps to have 2-factor authenticaton
Three easy steps to have 2-factor authentication

You will see on the site that two-factor authentication with SMS is turned on when this button is highlighted in green. Now, every time you log into the Olymp Trade account, you will receive a message with a code on your phone.

Authentication with SMS is turned on
Authentication with SMS is turned on

Pros and Cons👍👎

  • Pros:
    • Increased account security
    • Keeps your funds safe
    • Helps prevent unauthorized access
  • Cons:
    • Requires additional step during login
    • Depends on stable mobile network
    • Requires accurate personal information

 

Security Feature Details
Two-factor authentication Requires a code sent via SMS or email for login
Profile Information Ensure all personal information is correct and up-to-date
Stable Mobile Network Needed for the delivery and timely input of the authentication code

Final remarks on two-factor authentication at Olymp Trade

Usually, it will take just a few seconds for the system to send you a message with a code required for logging in. But it may sometimes take a little bit longer, especially when you experience some problems with the mobile network. You have to enter the code within 30 seconds. That is why you should always remember to ensure a good connection when you are waiting for your authentication code.

All the best!

Q&A

  • Q: What is the importance of two-factor authentication?
  • A: Two-factor authentication provides an additional layer of security, making it harder for unauthorized users to access your account.
  • Q: Why do I need to provide accurate personal information?
  • A: Providing accurate personal information is essential for account recovery and verification purposes.
  • Q: Why is a stable mobile network important for two-factor authentication?
  • A: A stable mobile network ensures the timely delivery of your authentication code, which you need to enter within 30 seconds.
  • Q: What happens if I don’t enter the authentication code in time?
  • A: If you don’t enter the code within 30 seconds, you will need to request a new one.
  • Q: What should I do if I don’t receive the authentication code?
  • A: Make sure your mobile network connection is stable. If you still don’t receive the code, contact Olymp Trade customer support.

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Bart Bregman

Full time day trading, and helping out with Olymp Trade wiki in my spare time to create an awesome platform for beginners. I'm a digital nomad that travels the world while working from everywhere!

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