Overview of Olymp Trade account types
The more the world changes, the more it evolves in terms of technology. This is particularly true in the monetary field. With the Olymp Trade online broker, you can take full advantage of its services for money transactions from one country to another. Although this system does exist, it has a number of accounts enabling you to maintain your business transactions. What are Olymp Trade's outlets? Find out more in this article.
The standard account first on the system list
As you know, these accounts are trading accounts for large investors and also for those wishing to make a transaction. The Standard account is of a very general nature, and offers its services to investors who wish to have a minimum deposit of 400 bath that the platform must be able to provide.
What's more, these investors have free access to a multitude of standard currencies, enabling them to conclude contracts on various exchanges ranging from around 40 to 84,000 bath. With this, you have the opportunity to collect 400 bath. That's your profit. With Olymp Trade, browse to better understand the platform's user options.
The demo account, second on the system list
This is what investors call a test account. In fact, this account is issued to enable investors to test the platform before making the firm decision to invest with real funds. This account is sold with virtual money and has the same operating criteria as the standard account, the only difference being that the demo account is of a test nature. You have the opportunity to test its functionalities free of charge before use. The sum is 300,000 bath, half of which will be yours. All you need is the courage to use the demo account. Many investors don't start with this account, but with the standard one, because you can lose a lot of money and also benefit more than you imagine. Demo is a balance you need to know how to handle.
The premium account, third on the system list
Before you start using the VIP account, you'll need to be up to the task. You need to have the right qualities and a broad knowledge of the investment world. When you're a beginner, stick to the standard and demo accounts. When you see that you can handle the premium account, go for it and benefit from its advantages. As an amateur, you risk losing a lot of money. Loss of winnings means ruin.
What's more, with the VIP account, you'll need lots of training tools to trade with full performance. Have 2000000 bath and more if you want to use the premium account to enjoy its benefits in peace. The three accounts have been unveiled on the web. It's up to you to decide which one to choose, according to your level, your means and your qualities as an investor. There's no need to think too hard, as you'll need to analyze your criteria before signing up for an account.
In short, on Olymp Trade, as on many trading platforms, you have three essential accounts at your disposal: the demo account with which you can practice trading, the standard account and the premium account.