Understanding Olymp Trade Statuses

Olymp Trade, a globally recognized online trading platform, caters to the varying needs of its user base by offering three unique account statuses: Starter, Advanced, and Expert. The Starter status is designed for new traders who are just beginning their journey in the world of trading, offering them basic functionalities to dip their toes in the financial markets.

The Advanced status offers a step up for traders who are seeking to extend their trading capabilities. It includes enhanced features and resources that facilitate a more enriched trading experience.

But the crème de la crème of account statuses on Olymp Trade is the Expert status. This is ideal for those who wish to harness their full trading potential and turn their trading hobby into a serious income source. It grants users exclusive benefits that amplify their trading prowess, especially in Fixed-Time Trades (FTT) and Forex modes.

Go to Olymp Trade’s Official Website

The Benefits of Expert Status

While all statuses on Olymp Trade have their unique benefits, the Expert status is the key to unlocking a treasure trove of exclusive perks.

In FTT mode, Expert status holders can leverage a significantly high profitability of up to 92%. They also gain access to risk-free trades, which can help them mitigate potential losses in case of incorrect price forecasts. This status expedites fund withdrawals, making liquidity management easier for traders. Additionally, Expert status provides four personal analyst sessions per month, helping users develop and refine their strategies. Lastly, it offers access to 15 unique, efficiency-enhancing strategies designed by Olymp Trade’s leading analysts.

In Forex mode, the benefits of Expert status extend to include exclusive trading strategies, a discount of up to 20% on position-opening fees, and access to the Trailing Stop-Loss feature. This feature automatically adjusts your stop loss level when the market moves favorably, protecting accumulated profits.

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Attaining Expert Status on Olymp Trade

To elevate your account status to Expert on Olymp Trade, you can choose among several avenues:

1. Make a one-time deposit of at least $2,000, €2,000, or 500 USDT for a USDT account.
2. Earn experience points (XP) by trading on your live account and completing daily tasks. Successful trades and larger trade volumes offer more XP.
3. Participate in Olymp Trade’s contests, tournaments, and other activities. Your achievements could reward you with additional XP or even a status upgrade.
4. Purchase an Expert status subscription from the Olymp Trade Market.
5. Experience the Expert Status with a Free Trial

To let you get a feel of the exceptional advantages of Expert status, Olymp Trade offers a 48-hour free trial. After answering a short quiz, if your score is high enough, your account will be automatically upgraded to Expert status for two days.

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Setting up a Forex Trading Account on Olymp Trade

The process of setting up a Forex trading account on Olymp Trade is designed to be straightforward, even for beginners.

1. Registration: Go to the Olymp Trade website and click on the “Register” button. Input your email and password, then click “Register” again to finalize the process.
2. Validation: Once registered, validate your account via email and/or phone number.
3. Account Verification and Payment Method: As per regulatory requirements, Olymp Trade needs to verify your identity, the method for depositing funds, and the legitimacy of those funds. This verification process may vary depending on local laws of the trader’s country.
4. Deposit: Upon successful verification, you can deposit funds using various methods like debit and credit cards, bank transfers, electronic payment systems, and more.
5. Start Trading: Once your deposit reflects in your Olymp Trade account, you can start trading. Profits or losses will be automatically added or deducted from your trading balance.

Go to Olymp Trade’s Official Website

Exploring Olymp Trade Mobile App

The Olymp Trade mobile app offers a seamless trading experience, allowing you to trade and analyze the market on the go. With access to over 100 financial instruments and 30+ indicators, you can enjoy the platform’s user-friendly interface and leverage the provided indicators and analytical tools to make profitable trades.

The mobile app offers a training mode via a demo account, where users can practice trading without risking their funds. Regular tournaments, educational resources in the form of courses, webinars, trading strategies, analytics, and news are other key features that can enhance your trading journey. Personalized offers, a community of traders, and 24/7 multilingual support further enrich the user experience.

The newest addition to the Olymp Trade platform is a unique trading instrument known as “Quickler.” It offers a thrilling trading experience ideal for fast-paced trading. Its pricing depends on the broad array of assets available on the platform, functioning similarly to a market volatility index.

In summary, Olymp Trade’s account statuses, easy-to-use Forex trading account setup, and a comprehensive mobile app create an ideal environment for both beginners and experts. The platform ensures traders have all the necessary tools to navigate the financial markets successfully, whether they’re just starting or looking to take their trading game to the next level.

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FAQs about Olymp Trade’s trading service

What are the different statuses offered by Olymp Trade?

Olymp Trade offers three statuses for users: Starter, Advanced, and Expert. Every user begins with the Starter status. Those who seek more perks usually upgrade to Advanced, and those who are serious about trading and want to maximize their potential can upgrade to Expert status.

Why is the Expert status on Olymp Trade recommended for serious traders?

Expert status on Olymp Trade offers exclusive advantages in both Fixed-Time Trades (FTT) and Forex modes, such as up to 92% profitability in FTT mode, risk-free trades, faster fund withdrawals, personal analyst sessions, unique strategies, discounts on position-opening fees, and more. It’s designed for traders looking to transform trading into a solid income source.

How can one upgrade their status to Expert on Olymp Trade?

There are several ways to upgrade your status to Expert on Olymp Trade. You can deposit at least $2,000 or €2,000 to your account, earn enough experience points through trades and daily tasks, participate in Olymp Trade’s contests or tournaments to win extra XP or a status upgrade, or buy a subscription for Expert status in the Market.

What are the steps to set up a Forex trading account on Olymp Trade?

To set up a Forex trading account on Olymp Trade, you need to register on the website, validate your account, verify your identity and source of funds, make a deposit, and start trading. The process is straightforward, but you need to ensure that trading on Olymp Trade is legal in your country.

What types of Forex accounts does Olymp Trade offer?

Olymp Trade offers demo and standard accounts. The demo account is ideal for new investors wanting to test strategies without financial risk. The standard account is suitable for intermediate investors who feel confident about their trading knowledge. Olymp Trade doesn’t offer VIP accounts, but instead offers statuses (Starter to Expert) that unlock limitless trading opportunities.

What is a quickler in Olymp Trade?

Quickler is a unique trading instrument ideal for fast-paced trading. Its pricing is derived from the vast list of the platform’s assets, functioning similarly to a market volatility index.

What educational resources does Olymp Trade provide?

Olymp Trade provides education in the form of courses, webinars, trading strategies, analytics, and news. Traders can gain access to more advanced materials and tools by earning XP for Trader’s Way and leveling up their account. Professional analysts also provide investing advice and tips.

Does Olymp Trade organize tournaments for its users?

Yes, Olymp Trade hosts regular tournaments, allowing traders to compete with users from all across the globe and win grand prizes. Both regular weekly tournaments and competitions devoted to special occasions are organized.

What kind of customer support does Olymp Trade offer?

Olymp Trade provides multilingual support 24/7. You can contact them through email, a chat service, or even via a voice call to get prompt help or advice from their specialists.

What is the Olymp Trade community like?

Olymp Trade offers an international trading community where traders can partake in regular contests and tournaments, win valuable prizes, and get exclusive trading terms through special statuses. They can also consult a personal manager.