Comparison of OlympTrade’s trading account types and platforms

An innovative account on a platform with revolutionary tools for quick and effective trading.

Olymp Trade

Olymp Trade is an international broker operating in the online trading sector for a decade. Despite being relatively young, the broker has quickly gained popularity among traders due to its excellent service. Strictly regulated, the broker bases its operations on total transparency and legality, both in data handling and in the management of traders’ funds. Olymp Trade offers its clients a well-structured trading environment with a wide range of instruments to trade, advantageous trading conditions, and high security standards.

The main goal of the broker is to provide a service suitable for any category of trader that allows the client to operate to the fullest of their abilities regardless of experience level. In practice, a safe and comfortable environment that is able to simplify the realization of investments and manage the risk factor accurately. Additionally, the broker supports clients through a 24/7 customer service, composed of experts in the field always ready for any eventuality.

Among the various services available, it’s worth noting the sector dedicated to information and sharing. The broker commits to providing extremely useful educational materials to improve one’s style and broaden their knowledge. Divided into various categories, it allows traders of any level to update and evolve to a higher level.

Among the advantages offered by the broker, we can distinguish:

• A minimum deposit of only $10.
• Possibility to open positions starting from $1.
• More than 100 instruments available for trading including: Forex, OTC, cryptocurrencies, and blue chips.
• Several trading modes available on a single account. Although the broker offers only one account for trading, it is designed in such a way as to allow any trader to negotiate with simplicity and speed.
• Proprietary trading platform with state-of-the-art functions and tools that will allow traders to invest to the best of their abilities.
• Numerous events focused on knowledge and sharing that will allow traders from all over the world to trade informed.

Visit the official Olymp Trade website

Olymp Trade Crypto Trading

Since the launch of the first crypto in 2009 (Bitcoin), the popularity of cryptocurrencies has increased immensely. Today, there are over 22,000 in the world with a total market value amounting to 1.2 trillion dollars, and it is estimated that over 65% of traders worldwide regularly invest in this market.

High profits.

Extreme volatility. The price of cryptocurrencies could vary greatly and in a short time. By creating accurate strategies based on detailed analyses, the client can derive excellent profits from the transactions made.

Diversify the portfolio.

Not being subject to variations derived from events on other markets, cryptocurrencies are considered by traders an excellent option to protect against the overall loss risks of their portfolio.

Accessibility.

Compared to more traditional forms of trading that require a minimum amount or proof of residence, cryptos allow any trader with an internet connection to trade 24/7.

Shield against inflation.

Cryptocurrencies are decentralized instruments that are not subject to limits imposed by governments. Their value does not vary based on market events, interest rates, or variation in the value of a country’s currency. The number of cryptos available is limited, and their price varies only based on the market. This makes cryptos an excellent refuge in case of risky and unpromising market periods.

Rapid and secure transactions.

Crypto transactions do not require any intermediary and thanks to blockchain technology are extremely secure and transparent. They can be executed 7 days a week, 24 hours a day, and with lower costs compared to traditional currencies.

Extreme liquidity.

Most cryptos on the market can be exchanged at any time and with extreme simplicity without causing significant price swings. Among the highly volatile cryptos, we find: Bitcoin, Tether, Ethereum, and USD Coin.

It’s important to remember that crypto assets are not regulated in some EU countries and do not offer any consumer protection or guarantees. Furthermore, any profits may be subject to taxes.

Olymp Trade offers traders a wide range of cryptos to trade with extremely advantageous trading conditions. On the page dedicated to crypto assets, the broker describes in detail the characteristics of each available crypto, in this way the client can accurately evaluate which instrument to invest in.

Invest in cryptocurrencies with Olymp Trade

Olymp Trade Account

The broker has a single account for trading. But despite not offering a wide choice, the available account has been created to meet any need. The account has an innovative structure that allows both novice and professional traders to choose the solution best suited to their style.

Here’s how it works: the account has three different states (Starter, Advanced, and Expert), and each state corresponds to a trader’s experience level, with each state offering additional services and features. At the time of registration, the account will be set to “Starter,” a state that offers basic functionality. By making deposits of a certain amount or earning experience points through trading, traders will be able to access the next states.

1. Each state offers certain functions and tools that vary based on the deposit made or experience points accumulated.
2. The available states are: Starter, Advanced, and Expert. Each state corresponds to a set of tools and functions (basic, advanced, and maximum).
3. Each state has specific advantages such as higher profit yield, faster funds withdrawal, and much more.
4. A reached state lasts a max of 30 days. At the expiration of the specified times, the trader can maintain the reached status, be downgraded if they have not met the required criteria or move to the next level. Traders can vary their status by making deposits of a certain amount or accumulating experience points through trading. Successful operations will give more experience points.
5. The “Advanced” state is accessible with a minimum deposit of $500.
6. The “Expert” state is available with a deposit starting from $2,000.
7. The “Starter” state represents the basic starting level and is accessible with deposits starting from $10.
8. In addition to deposits, the client can evolve their state by accumulating experience points. Experience points can be earned through trading. The amount of points that the trader can obtain varies based on the outcome of the investments and the volume of trades made.

In the next comparative table, you can learn in detail all the characteristics of each state:

Open a real account with Olymp Trade

Opening a New Olymp Trade Account

Interested traders can open a new account in a few minutes, the new client will need to provide the necessary information for registration, verify the provided data, and make an initial deposit to trade. The newly opened account will be set to the “Starter” status. Should the client wish to access a different status, they can make the necessary deposit to enjoy the state that best suits their needs. Furthermore, if the trader wants to test the offered environment without risking funds, they can opt for a demo account version on which virtual funds will be loaded.

To open an account, simply follow the next simple steps:

First step.

To start, the interested trader will need to visit the official website and click on the “Register” icon visible at the top right of the page. In the new screen, the client will have to provide personal data necessary for registration such as: name, surname, date of birth, valid email, phone number, country, and residence address, set a secure password.

Second step.

To start investing, the client will need to verify the account by sending documents that can prove their real identity and country of origin. To do this, the client will have to: contact the support team, request verification, send a clear front and back photo of an identification document (ID card, driving license, passport) and a recent utility bill in the trader’s name (electricity, gas, etc.).

Final step.

In this last phase, the client will have to make a deposit starting from only $10 and start investing in their account set to the “Starter” status. To take advantage of the benefits of the following states, the trader will have to make the required deposit.

Open a real account with Olymp Trade

Olymp Trade Platform

The Olymp Trade platform is innovative software that allows traders to invest to their fullest potential regardless of experience level. The platform features an intuitive interface, suitable for both beginners and professionals, and offers cutting-edge tools and functions to gain the maximum benefit from any operation. Among the numerous options for investing, the software includes two innovative investment modes: Quickler and Fixed Time Trades.

• Intuitive platform, suitable for any category of trader, allows beginners and professionals to trade with simplicity and efficiency.
• Available on any fixed (Mac and Windows) and mobile (IOS and Android) device.
• Extremely fast software that uses little RAM memory.
• Wide range of latest generation tools and functions including: market trend analysis, indicators, oscillators, trading signals, and more.
• Constantly updated to offer optimal service.
• Pending orders: allow the client to open an operation at a certain pre-set price and time.
• More funds on already opened operations: service that allows the client to load more money on already opened positions to increase resilience to fluctuations.
• Stop loss: to automatically follow any price increases to maximize profits and reduce loss risks.
• Multiplier: financial leverage to use to open positions with higher volumes.

Invest on Olymp Trade platform

Fixed Time Trades

Fixed Time Trades (FTT – fixed-time trading mode) is an innovative style of quick and effective trading that allows the client to focus exclusively on the price fluctuation within a predetermined period. In practice, the trader will have to decide in which direction the price will go in a previously established interval. If the client’s prediction on the asset’s price is correct, they will receive the profit already indicated at the opening of the position!

The fixed-time trading mode is great for traders intending to trade in the short term. Trading times can be set from a minimum of 1 minute to a maximum of 23 hours.

• Fixed Earnings: the client knows in advance how much they will earn from the open operation.
• Wide range of instruments available including: stocks, cryptocurrencies, indices, metals, commodities, and much more.
• The service allows the use of pending orders, zero-risk operations, and the option cancellation feature.
• Possibility to access a wide range of fixed-time strategies created by experts in the field carefully selected by the broker.

To access the service and open a fixed-time position, just follow the next simple phases:

• Click on “fixed-time mode” and select the instrument you want to invest in.
• Decide the amount to invest.
• Set the operation duration time.
• Predict whether the price will decrease or increase by clicking on Down or Up.
• Wait for the outcome of the investment.

If the trader wants to try the service without investing real funds, they can opt for the demo version of the account and invest virtual funds.

Invest with Olymp Trade Fixed Time Trades

Quickler

A revolutionary trading tool that allows the investor to invest and draw potential profits in a few seconds! Exclusively designed for frenetic trading, Quickler can be considered as a synthetic asset, a market volatility index based on complex probabilistic mathematical models that determine prices based on volatility coefficient and historical past prices.

In practice, the fixed-time tool allows the trader to negotiate on a certain instrument and gain profits in just 5 seconds.

It’s important to clarify that Quickler does not allow the trader to change the operation times; the investment duration will never be more than or less than 5 seconds. The preset line graph cannot be changed to candles or Japanese bars, but the client will be allowed to use all available indicators for efficient technical analysis.

• In your personal area, select Quickler from the list of available resources.
• After careful analysis, predict whether the price of the selected instrument will increase or decrease.
• Open the operation.
• View the result of the investment after 5 seconds!

Tips for Investing with Quickler

Although it may be extremely tempting to have such rapid trading with practically immediate results, it’s important to clarify that this type of investment is not suitable for all categories of traders. Having experience in trading and a fair knowledge of the markets is essential to make decisions in such a short span of time. Both experienced traders and beginners can test the service through the use of a demo account and expand their experiences before investing real funds.

To make the best use of the service, it will be useful to read the following tips:

• Before investing with Quickler, it will be useful to study the behavior of the instrument you want to invest in.
• Practice on a demo account to test strategies and expand your knowledge.
• Manage the risks of loss through limits on daily operations, consecutive loss positions, and daily losses.
• Use technical indicators and trading signals to optimize each operation.

Invest with Olymp Trade Quickler

Posted by Maria Sanchez

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Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.