Olymp Trade has been in the market of online trading for over 6 years. It is a well-known broker that has earned the trust of millions of traders worldwide. Olymp Trade is committed to providing transparent, reliable service, and paying close attention to client requests. One such request was to have a simple, straightforward, and new trading mechanic. Traders wanted to see a wide range of financial instruments offered under genuinely user-oriented terms. Stock Price Trades is Olymp Trade’s new trading mechanic that was created in response to client desires.
Launched recently, it offers traders a choice of more than 60 stocks to trade. Among them, they may find internationally famous corporate giants as well as public companies that represent very specific market sectors. Minimum trade amounts were removed. Instead, the SPT unit price equals the underlying stock's price. The stock price range is very wide and allows any trader to find an SPT that matches their price targets.
Time is now on the side of traders too. They can open a position with SPT and hold it for as long as they want. It’s a perfect trading mechanic for long-term strategies. There are no commissions for opening trades. Instead, traders have a Sale Success Fee they pay if only an SPT position is closed with a profit. Therefore, the financial side of the new mechanic is also designed in favor of traders.
Overall, Stock Price Trades is a truly user-oriented trade mechanic. It offers favourable conditions and is easy to use. It may be a primary trade mechanic for those who want to invest long-term in a relaxed manner. At the same time, it may very well complement other mechanics offered by Olymp Trade and serve as a diversification element.
Either way, it’s worth trying. What are you waiting for? Go ahead and check it out!