If you want to start trading the first step will be opening an account on the trading platform. You are in the right place. Olymp Trade is currently one of the most prominent platforms. Here we will show you how to register a new account.
You will find a registering form on the sidebar of the Olymp Trade Wiki website.
Once you enter your personal data and review the service agreement, you simply press the “SIGN UP” button.
You will then receive an e-mail from Olymp Trade with a verification link. Go ahead and click the link that will redirect you to the Olymp Trade website. There you can now log in.
A few things you should keep in mind while opening a new account
You won’t be asked for too many personal details. You do, however, need to include true information, particularly if you consider opening the real account later on. At some point, you will have to verify your account, if you are thinking about being a professional trader. It will simplify the process of making deposits and withdrawals.
For registration purpose use an email you will also want to have for the real account. The practice and the real account require only one email address.
How to get back $10,000 to your training account
Once you have opened a demo account it will be credited with virtual cash in the amount of 10,000. I always advise to treat it as a real account and real money. But knowing you don’t really lose money can change your behaviour. Most probably you will be more ready to take bigger risk. And that’s also okay. A demo account is for practice, after all. But what to do when the account balance drops below 2,000 demo money or you lose all the money from your demo account?
Do not worry. Olymp Trade allows you to recover virtual money once your balance is under 5,000. Remember, you can do it only once in 72 hours.
In order to do that simply click “Make a deposit” button (1) in the top right corner of the platform. Then top up your balance by clicking “Deposit up to 10,000 demo money”.
You have now renewed the balance and can train again.
Practice on the demo account for a few weeks. Check different markets, strategies, time frames. Find out what works best for you. And then open a real account and slowly start to make real money.
Do you have already a free demo account opened? Was it complicated? Share your experience with us. Use the comments section down below.
Best of luck!
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