To gain profit on one of the large and reputable Olymp Trade brokerage services, you can use different types of accounts. Today, in addition to convenient desktop and both smqartphone and tablet applications, users can also use the MT4 platform.
Find out what account types exist at Olymp Trade today, what privileges and advantages each of them gives, as well as which one should you choose in your circumstances.
Demo Account At Olymp Trade
Demo, that is, Demonstration Account is a type that helps new users of the system see how the platform works and allows to discover how to use many of its functions and capabilities. Iт case you do not have enough experience and are afraid of incurring losses at the very beginning, then simply by registering you can use a simulator that will help you understand the intricacies of trading, understand the price movement charts and the peculiarities of opening positions.
You can apply a demo account for learning as long as you like in order to have time to properly find out and understand how to act for successful trading. In this case, you can get 10,000 trainer units again if the demo balance drops below 5,000.
In the process of learning on a demo account, you will gain experience practically no different from what you will have when trading with real funds. You will be able to try out any strategies before you start risking your money.
How Can I Open a Demo Account?
You need only create login and password on the trading service. You can register an account at any time using any of the world languages available on Olymp Trade.
Also, by visiting the website www.metatrader.olymptrade.com you can register a MetaTrader 4 account or simply use your existing account. Log in with your username and password, without the need to create new ones.
Differences Between Account Options at Olymp Trade
The time has its frame when using the Forex mode, so the trader will have only weekly time limit, while in the fixed time mode in general, both Demo and Real accounts look the same. This allows beginners and not only them to test different strategies using small amounts of their real money.
What Types of Accounts Can I Use at Olymp Trade For MetaTrader 4?
Users can use Standard and ECN accounts in both demo and real modes. You can pay a spread of at least 1.1 points using a Standard account, while opening an order there is no need to pay a fee. The ECN account allows you to trade with a fixed charge with a spread equal to zero.
It is worth using the demo versions of both types of accounts to understand the essence of both methods. We also recommend trying various trading options with overnight hold replacement using the function without SWAP.
Open MetaTrader 4 Accounts
When you have registered on the www.metatrader.olymptrade.com website or logged in with your existing username and password, you can create one of the proposed MetaTrader 4 account options, both a demo version and a real one, and then select the Standard type or ECN.
Using this data, you can log into both the MetaTrader 4 web application and the mobile application. You can change the password for your MT 4 account at your convenience by going to your personal account and selecting the settings.
So, starting with the demo account of the chosen option, you can safely start learning and developing as a trader. Your funds will initially be protected from beginner mistakes while you improve your trading skills.