OLYMP TRADE DEMO ACCOUNT REVIEW 2020
How to use the Olymp Trade Demo Account? – On this page, I will answer all your questions about the virtual money account of Olymp Trade and show you how to trade on the platform. With more than 5 years of experience in options trading, I will show you my secrets why you should use a demo account and how to use it correctly. Also, I will discuss the question of when to start with real money. Read the next sections to become a successful trader.
HOW TO OPEN YOUR OLYMP TRADE DEMO ACCOUNT:
To open an trading account with Olymp Trade is completely free. There are no account fees for you. You can just start with your regular email address and a safe password by using the form below. In addition, you have to choose your account currency. This have also an impact on your real trading account but you can change the currency later.
The account opening is very fast and is done in less than 10 seconds. You get a direct access to the trading platform.
Facts about the account opening:
- Just sign up with your email adress and a password
- Choose your currency before the account opening
- Get direct access to the trading platform
- No account fees
The advantages of the Olymp Trade Demo Account
I recommend it to try the demo account before you deposit real money. There are different advantages about this account compared to other Option Brokers. The demo account is free and unlimited. You can deposit virtual money with one click and change the account balances quickly.
Beginners should use the demo account for practise and get experience
With the demo account, you can start trading without risk. It is an account filled up with virtual money which is imitating real money trading. So beginners can try the trading platform and get the first experience. It is very important to get knowledge about the order execution and analysis of the trading platform before investing real money. All that can be done by the demo account of Olymp Trade.
It is a good opportunity for advanced traders too
If you are an advanced trader the demo account is important for you too. You can develop new strategies or try new markets for trading. If you want to make new experiences without any risk the virtual account is the best method for you. Overall I can say, that the demo account is necessary to generate knowledge and increase your success rate.
- Trade without any risk (virtual money)
- Deposit to your demo account for free
- Unlimited and no restrictions of the account
- Change between the demo account and real money with only one click
- Gain more experience and knowledge about the markets
HOW TO TRADE WITH THE OLYMP TRADE DEMO ACCOUNT
In the following section, I will show you how to exactly trade with Olymp Trade in the demo account. This is similar to trading with real money and got the conditions 1 to 1 from a real money account. If you feel comfortable to trade with virtual money you can start with real money.
First of all, you have to check the trading platform. For the most beginners, it is very difficult to get an overview but the next picture will help you. You can choose between 200 different markets for trading. It is possible to invest in stocks, cryptocurrencies, forex, and commodities. The return of an investment can be high as 90%+ but you should beware of the stock exchange opening. If the stock exchange is not open you can only trade with a small yield.
Choose an asset you want for trading. It can depend on the yield, favorites, or fundamental data. After that, you should analyze the markets. Olymp Trade will give you a huge range of analytic tools for free. You can use indicators, news, fundamental analytics, and technical analysis for getting investment ideas or creating trading strategies.
In the middle of the trading platform you can change the timeframe for example. It is possible to trade short-term or long-term trades with Olymp Trade. Added indicators are showing on the bottom line of the chart or directly in the chart. With a few clicks, you can change their behavior and settings. In the upper right corner, you will your account balance. It is important to check it always. Because you should manage your money correctly in order to do not get bankrupt.
If you all do that you can start trading and place your order on the market. On the right side, you will see the order mask. You can change the duration (expiry time) of the trade and start to invest in any amount. The minimum investment is 1$. Start trading on rising or falling markets. At the end of the trade the chart has to be upper or lower your entry point in order to get the high yield.
How to trade on Olymp Trade step by step:
- Choose your market
- Make a analysis for the future direction of the market
- Invest any amount starting 1$
- Choose the expiry time of the contract
- Invest into rising or falling markets
- Get a high yield if the price is below or upper your entry point
Frequently asked questions
Through my community, I get a lot of questions about trading with Olymp Trade. In the following section, I will answer your questions professionally, so that you can start trading with good knowledge.
Get I access to all functions of the broker in the demo account?
Yes. You can use all the functions as with the real account. The demo account simulates the real money trading 1 to 1. I tested it several times and there are no differences in performance. Also, you can use the support 24/7 in order to get help. Even access to the education center is possible for free. Olymp Trade offers a huge variety of video tutorials for traders. Online webinars are possible too. In conclusion, the demo account is the best way to learn more about the broker.
- The demo account simulates real money trading 1 to 1
- Get access to the 24/7 support
- Free education center
- Video tutorials
- Free online webinars
How long should you trade with the demo account before real money trading
This is a difficult question for any trader because every person is different and got different preferences. I recommend to start with the demo account before real money trading. You should feel comfortable with the trading platform and know how to use it. In addition, a good strategy is possible to make profit in the long run.
You should make your first profits in the demo account. If you earn consistent money you can start to trade real money. Also, I recommend to start with a small deposit on Olymp Trade. Deposits are possible from 10$. If you make a profit with small money you can increase your investments.
Can you real money by using the demo account?
This is not possible. The Olymp Trade Demo Account is only for practice in trading. It is virtual money which can not be withdrawn. The broker will not gift you any money for free. To earn real money you have to do a deposit in your real account. You can choose there different payment methods like bitcoin, credit card, or online wallets.
How to recover money for your Olymp Trade Demo Account
This is quite simple. You can fill up your account with 10,000$ any time you want. Just click on the “make a deposit” button in your demo account.
After that, you will see another section where you can click to make a deposit on the demo account or your real account.
Now you are done and you can start trading with 10,000$ virtual money. Recover the money any time you made a loss so you can practice unlimited and try out the platform for free.
Review conclusion of the Olymp Trade Demo Account
The Olymp Trade Demo Account is the best way to learn how to trade on the trading platform. It is a completely free account with virtual money. There are no risks by opening the demo account and using it for trading. Olymp Trade is not charging any fees for traders.
The demo account is filled up with 10,000$ and you can recover the money with 2 clicks if you made a loss. Furthermore, you will get access to all the functions of the Olymp Trade Broker. This is a huge advantage compared to other online providers. You can join webinars or learn in the education center. Overall, every beginner should start with the demo account of Olymp Trade.
- Free and unlimited demo account
- Recover the money with 2 clicks
- 1 to 1 simulation of real money trading
- Get access to all functions of the broker
- Learn how to trade without risk
- Test the trading platform