Where is your tab for financial derivatives?! What are Fixed Time Trades? Is your Olymp Trade platform broken? No worries, we will explain everything in this short article.
The Olymp Trade platform is developing constantly. We have already written about Meta Trader 4 platform you can use to trade with Olymp Trade broker. The company introduces new features and new indicators to make trading even more simple. The last change is the implementation of Fixed Time Trades. And today we will get a closer look at this subject.
A new trading mode: Fixed Time Trades
On April 2nd, Fixed Time Trades mode replaced financial derivatives on the Olymp Trade platform. Now, when you want to shift from currency trading to financial derivatives, you will see the Fixed Times tab instead.
The other part of the platform remains the same. The trading process does not change. You still have to choose the expiration time for your trade, the amount of money you want to invest in this particular transaction, and of course, you need to speculate on the direction the price will go in the future.
If you want to review your past trades or check the open positions, you should look at the right side of the interface. You will see all the trades there. The difference is that now you will find “Fixed Time” where before was the tab for financial derivatives.
A new model does not influence the rates of return, nor the rules for receiving a profit.
Pros and Cons of Fixed Time Trades (FTT) on Olymp Trade📊
- Continual Development: Olymp Trade is constantly evolving and adding new features.
- Simplified Trading: FTT simplifies trading by setting a predetermined expiration time for trades.
- Accessible Information: All past trades and open positions can be easily viewed on the trading interface.
- Change of Terminology: Users may need time to adapt to the change from financial derivatives to Fixed Time Trades.
- Need for Continuous Learning: As the platform evolves, users need to stay updated and learn new features.
- No Changes to Profit Rates: The introduction of FTT does not influence the rates of return or rules for receiving profits.
Key Differences: Financial Derivatives vs. Fixed Time Trades (FTT) 📉📈
|Financial Derivatives vs FTT
|No change in the trading process; traders choose the expiration time, amount to invest, and speculate the price direction.
|No significant changes; the “Fixed Time” tab has replaced the tab for financial derivatives.
|Rates of Return
|No changes in the rates of return or the rules for receiving profits.
What does it change?
The changes are needed because Olymp Trade gains new customers all the time. The growth is an integral part of the process. It requires the company to involve deeper with the bigger companies to ensure a high quality of service.
Fixed Time Trades allow interacting with bigger companies more constructively. This is done by sending each customer’s transactions to the providers of liquidity and securing them with other financial assets.
I hope the changes are more clear to you now. But if you have any further questions, please use the comment section below. You can also contact the Olymp Trade support team, which works continuously to help with any issue you might have.
Wish you a pleasant experience with Olymp Trade!
Quick Q&A Section🔍
- Q: What are Fixed Time Trades (FTT) on Olymp Trade?
A: FTT are trades with a predetermined expiration time. They have recently replaced financial derivatives on the Olymp Trade platform.
- Q: How does the introduction of FTT affect the trading process?
A: The trading process remains largely unchanged. Traders still need to select the expiration time, decide the amount to invest, and predict the price direction.
- Q: Is there a change in the user interface with the introduction of FTT?
A: Yes, the “Fixed Time” tab has replaced the tab for financial derivatives. Otherwise, the interface remains the same.
- Q: Have the rates of return or profit rules changed with the introduction of FTT?
A: No, the introduction of FTT does not affect the rates of return or the rules for receiving profits.
- Q: Why did Olymp Trade introduce FTT?
A: The introduction of FTT allows Olymp Trade to interact more constructively with larger companies by sending each customer’s transactions to liquidity providers and securing them with other financial assets.
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