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Offshore binary options brokerage Olymp Trade said it has introduced Brazilian reals (BRL) as a new currency for trading account. The broker’s clients can open accounts with it in BRL. With the new addition, there are four account currencies available, since the broker already supports Euros (EUR), US dollars (USD), and Russian rubles (RUB).
Investors can open an account with Olymp Trade with a minimum deposit requirement of $10 and start trading with as little as $1. The broker offers profits of up to 90% (80% for common users and 90% for VIP-clients).
Olymp Trade, set up in 2014, is a trading brand of Seychelles-registered online binary options trading service provider Smartex International Ltd. Its main market of operation is Russia. The broker is not regulated under any jurisdiction, but is an A-Category member of Hong Kong-based external dispute resolution (EDR) organisation Financial Commission (FinaCom), which ensures its clients access to up to $20,000 compensation in case of dispute.
The broker has developed its own proprietary web-based trading platform for binary options in the financial markets.It offers access to more than 60 trading assets, including CryptoIndex, an index for cryptocurrencies, that it launched last month.