Olymp Trade is a Broker that offers various types of accounts for trading in the market, whether it be Forex, crypto currencies or Binary Options, it is important to note that this Broker’s newest accounts are Forex accounts, as their Forex trading services are the latest.
Olymp Trade was first a Binary Options Broker in its early days in 2014, then it was a Binary and Cryptomoney Broker and now finally it’s a Forex Broker as well, which I think is particularly great as it allows us to diversify our investment portfolio by investing in this Broker.
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What are the types of accounts at Broker Olymp Trade?
Two demo accounts
These accounts represent Olymp Trade’s Standard and ECN live accounts and have a dummy balance to test all the features and functionality of the platform.
With this account you can trade Forex and the commissions for trading investment instruments start at 1.1 pips and there is no fixed commission per lot, the minimum deposit is 10 monetary units of the accepted base currencies.
With this account you can trade with real money just like the previous one and the spreads for the trading instruments start at 0.0 spreads, but you have a standard fixed commission per lot, the minimum deposit is 10 currency units of the accepted base currencies.
(Please note that all Olymp Trade Forex trading accounts are equipped with the MetaTrader 4 platform)
Binary Options Accounts
This account is for trading with a fictitious balance in Olymp Trade and to test all the Broker’s features.
This account is for people who trade Binary Options with money amounts between $10 and $2,000, has various financial instruments and can have returns of up to 85% on successful trades, the minimum deposit is $10 or its equivalent in the other accepted base currencies.
This account is for people who trade binaries with low or high amounts of money, as such it is similar to the standard account with the difference that it requires a minimum deposit of $2,000 or its equivalent in the accepted base currencies and you can have returns of up to 92% on successful trades.
Don’t wait any longer and join Olymp Trade Broker now for Forex trading or for Binary Options and Kryptonex trading, in the case of Kryptonex accounts these are the same as Binary Options accounts, of course you have to take into account that the two investment products are different.