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Depositing an Olymp Trade Account From India: How-to Guide

By: OlympTrade Posted Nov 23, 2020 General 331 Views
(Updated Mar 16, 2021 03:43 PM)

Any trading career starts with funding a trading account. So, the first question a beginner asks often sounds like: “How does the Olymp trade deposit work for my country?”

As a big and reliable broker, OT provides a well-designed payment system allowing to move funds in and out of the platform in a fast and easy manner. To make things convenient for all kinds of clients, they hand-picked the best deposit methods a trader can choose between.

The list varies across countries, depending on the local regulation and the citizens’ preferences. Today, we will talk about the Olymp Trade deposit in India, where over 16,000,000 of the company’s clients reside.

Going forward, an Indian trader can choose between the classic banking methods, several e-payment systems, and a BTC transfer. To see the complete and updated list, go to the Olymp Trade platform:

Olymp Trade Deposit Methods in India

Today, Olymp Trade supports 20 safe and well-established payment methods in India. You can use any of them for depositing or withdrawing funds. By the way, we do recommend you to support 2+ options - it’s always good to have a plan B.

Below are some of the most popular Olymp Trade deposit methods in India:

- Banking cards (Visa/Mastercard)

- Skrill

- Neteller

- WebMoney

- Netbanking


- AstroPay Card

- Globepay

- Bitcoin

Before making a choice, note that different methods may have different minimum deposit requirements. In most cases, it’s only $10, but there are some exceptions. For instance, if you deal with GlobePay and Bitcoin transactions, the Olymp Trade minimum deposit amount will be $50 and $40.

In this guide, we will briefly cover some of the frequently used options, with instructions for each one.

How to Fund Your OT Account Using a Banking Card

It’s The Number One Olymp Trade deposit option in India. For this type of transfer, you can use any debit or credit Mastercard/Visa card. Remember to check if the card is active and there is enough money in your banking account.

You can fund your OT account with a banking card in 3 easy steps:

1. Click Deposit, select the Banks Card payment method, and enter the amount. For Olymp trade, the minimum deposit amount is $10.

2. Fill in the fields CARD NUMBER, CVV, CARDHOLDER NAME, and VALID THRU. Click Pay.

3. If everything is ok, you will be redirected to the Payment Confirmation page. After it, the money will be credited to your Olymp Trade account.

How to Fund Your OT Account Using UPI

Unified Payments Method (UPI) is a real-time payment system that lets people instantly transfer money between banks through a smartphone. To use this system, you need to open an account with a UPI-friendly bank. The minimum deposit amount for this payment method is $10. Here is what you have to do to fund your Olymp Trade account via UPI.

1. Register in the system using any UPI-enabled bank app and create a unique UPI ID (Virtual Payment Address). Link your bank account and phone number to it.

2. At the Olymp Trade platform, choose UPI from the list of the available deposit methods.

3. Enter your UPI Payment Address and complete the funding process.

How to Fund Your OT Account Using a Bank Transfer

Another traditional Olymp Trade deposit method is a good old bank transfer. You can select this option if your bank supports NetBanking technology. As most banks in India have already adopted this tech, odds are it does.

In this case, here is your action plan:

1. Go to the Olymp Trade platform and choose the NetBanking method.

2. Enter your details (name, phone number) and the deposit amount.

3. In the Banking Options list, choose your bank to get redirected to its page.

4. Log into your bank account and complete the transfer.

Though traditional deposit methods are convenient, sometimes a problem may emerge on the bank’s side. If a transaction fails, you can try again later or reach out to your bank for help. Or, if it doesn’t work, opt for a payment system like Skrill.

How to Fund Your OT Account Using Skrill

Skrill is a global e-payment system widely accepted in India. It is well-known for security, extreme ease of use, and speed: most transactions are processed in no time. Among other things, you can use Skrill for making deposits and withdrawals at the Olymp Trade platform. The minimum deposit amount for this option is $10.

Now, let’s break down the funding process:

1. Open a free Skrill account and fund it using one of the available options.

2. At the Olymp Trade platform, choose Skrill in the list of payment methods.

3. Enter the deposit amount and some personal data (email address, password) to access your Skrill account. Note that this system will request you to enter the security code issued when you opened the account.

4. Complete the funding process.

How to Fund Your OT Account Using Neteller

Neteller is an e-payment system many Indian traders love. Therefore, you will find it in the list of the Olymp trade deposit methods, too. Like Skrill, Neteller makes user convenience its top priority.

The funding process looks pretty similar, too:

1. Create an account at Neteller and fund it using a bank transfer, a credit/debit card, another payment system, or a Bitcoin transaction.

2. At the Olymp Trade platform, choose Neteller in the list of available deposit methods.

3. Enter the deposit amount (minimum $10) and your email. Click Deposit.

4. Complete the funding process using the Neteller system.

How to Increase Your Deposit Amount Due to Bonuses

As you can see, the list of the Olymp Trade deposit methods in India is rather long and diverse. No matter your payment habits, they’ve got you covered. Besides, there’s a pleasant detail to keep in mind. Whatever option you use, you may get a special bonus - the extra money you receive every time you deposit more than $30.

To increase your deposit with a bonus, you need a promo code. If you have one, don’t forget to enter it when funding your account at the platform’s website: Do not have any codes yet? Follow the Olymp Trade global and local news for special offers and sales.

What about Olymp Trade Deposit Charges?

Excellent news: depositing and withdrawing funds to/from the Olymp Trade platform is free. However, if you are using an intermediary like Skrill, they may charge you up to 1% of your deposit/withdrawal amount. To avoid miscalculations, you’d better check with your bank or payment provider how much you will owe them exactly.

Let’s Recap

Olymp Trade makes depositing funds as easy as possible. First, the platform supports many payment methods, including cryptocurrency transfers. Second, it ensures your funds’ safety and your personal data protection and charges 0% deposit and withdrawal fees.

Last but not least, the barrier to entry is really low: in most cases, you need no more than $10 to start real trading. This impressive set of advantages makes this broker increasingly popular - both in India and worldwide.

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