Demo Trading at Olymp Trade

Updated: 2019-11-14T07:59:17Z
To learn how to trade options and make money on it, you first need to open a demo. Olymp Trade provides an opportunity for everyone to open a free demo on the platform for online trading in financial markets for effective training. The demo at OlympTrade is a great opportunity to evaluate all the advantages of the platform, study the terms of the deals, and only then invest in real options trading. Instructions.
Demo Trading Forex / Options in Olymp Trade

Demo on Olymp Trade


It is quite easy to start trading on a demo in Olymp Trade, for this you do not need to replenish the deposit with a broker. The platform with the possibility of demo trading is provided free of charge when registering on the official site of olymptrade.com. I emphasize here especially that not all brokers provide such functionality as a demo version on a platform for real trading.

In the OlympTrade platform, you will be able to independently switch between demo and real trading, this is very convenient for testing new strategies. For example, you can test new strategies without risk, and in case of positive results, immediately open real deals. To switch, you need to go to the menu and select - "Demo" or "Real" trading.

Open demo (free) - https://olymptrade.com


The advantages of trading on a demo


Olymp Trade demo account is not limited in time, you can use it as long as you need. For beginners, this is an excellent tool to learn how to trade options without any risk.

Be sure to test in trading on a demo, such convenient features as:
"Cancel transaction" - cancel a losing trade.
"Early closing of the transaction" - you can close the transaction ahead of schedule. The amount of the return will depend on the degree of change in the price of the asset. The more actively the price chart moves in the direction of the chosen direction of the transaction, the greater will be the amount of the return on deposit when the option is sold.
"Risk-free transaction" (up to a certain limit) - if your forecast did not come true, the broker will return the amount of the bet to your deposit.

Important! I will note the fact that you can immediately start trading on a demo at Olymp Trade, while many brokers offer to open a demo only after replenishing a real account with a minimum deposit amount.

Unlimited use and simple opening demo is a plus.

How to open a demo for options trading


After registering on the official website of OlympTrade, you will instantly get access to your personal account and the ability to trade options on your training demo. The virtual balance will be credited in the amount of 10 thousand units to start online trading.
Considering that the Olymp Trade broker has a minimum transaction amount of only $ 1, this will be enough to fully explore the platform and test more than one strategy.

With the help of this conditional money, you can safely learn to trade options on currency pairs, cryptocurrency, stocks, raw materials and metals, test various strategies. In your account, you can replenish and restore the balance an unlimited number of times.

How Soon Can You Start Using The Olymp Trade Demo


The demo gives 10.000 USD or EUR depending on the currency selected. Taking into consideration that the minimum order accepted by the platform is one USD, anybody can take advantages of up to 10.000 positions. At the same time, it provides access to all analytical tools, indicators and oscillators included in the platform. Additionally, the demo lets investors use each of the broker investments modalities.


How to login the demo Olymp Trade

How to login the demo


To login the demo trading in OlympTrade, you need to go to the main page of the broker's official website and click on the "Login" button:
An authorization form will appear, in which you need to enter the data that you provided during registration. Enter your login (your e-mail address) and your password to log into the platform. If you log in from someone else’s computer, check the special box so that no stranger can enter your personal account in the future. If you log in from your computer or from a mobile application for a tablet or smartphone, then there is no need for that. Click on the link "Login" and go to the demo trading.

You can go online authorization on our OlympTrade login page.

If you have forgotten your password, you can always get a new password to your e-mail. To restore, you need to click the special link "get a new password" under the orange button and in the next window enter your email address.

How to replenish the balance of the demo


Let's see how to top up a demo balance on the Olymp Trade platform. Initially, 10,000 units are credited to it, and if you still need to recharge the demo, then you need to open a trading platform. Further, at the top of the terminal, next to the balance amount, you will see a large button "Deposit funds", which allows you to replenish the balance with one click. You need to click on it, then select "Add a demo account to 10,000 units.".

I note that you can replenish the demo only if the amount on the virtual balance is less than 5 thousand units. Recharge occurs instantly.

For example, if you choose an interesting and profitable strategy, and the balance is on a demo zero, you should not postpone your plans. Click a couple of buttons and on your training account again 10 thousand conventional units to continue trading.

How to switch to real trading from demo


Many novice traders ask when and how to switch from a demo to real options. There is no exact answer here and it is individual for each trader. Someone quickly learns and after a week goes over to the real one, and not even a month is enough to start trading profitably. When you master the educational version of Olymp Trade, you can start trading for real and make money.

To switch from a demo to a real one, you need to replenish the balance in your account. The minimum deposit amount is from 10 US dollars / 10 Euro.

How to open demo deals with options


Consider further how to open a demo deal. In educational and real trading on OlympTrade, deals with options Above and Below are made on the platform through a special online form.

Above / Below - If you think that the price of an asset will be higher than the price at which you open a deal, then click on the "Higher" button, and if, on the contrary, you think that it will go down, then click the "Below" button. Between the Above and Below buttons is the selected asset, in this example it is a EUR / USD pair, and the current exchange price is displayed, which is constantly changing on the live chart in the platform.
Transaction Amount - In the "Transaction Amount" field, enter the amount that you are ready to invest in the purchase of an option (you can change it using the arrows).
Transaction Time - The Transaction Time field is the expiration time, it indicates the validity period of the option you purchased (choose it yourself). Further, the platform will immediately show how much you earn in case of a right decision for a given period of time.

Consider further whether there are any significant differences between the real and demo version of the platform for online trading.

Are there any differences between demo trading and real


Trading on Forex and Options Above / Below on a demo in Olymp Trade does not differ from the real one, which makes it stand out among many brokers. Available to trader: a virtual amount of money on the balance sheet and unlimited ability to use the platform. All chart functions are available - scaling, scrolling the history of price fluctuations, changing the timeframe and display format, indicators and the ability to freely use technical analysis on the price chart. There are also no restrictions on the choice of financial assets. The expiration time (transaction time) and time periods of the graphs do not differ. Quotes come in real time from the largest investment banks and are the same for all traders, including demo and real trading.

Summary


Options and Forex are highly profitable trading tools, but in order to use all opportunities 100% and to earn well, you need to open a training demo version, learn the platform and learn how to apply different strategies correctly.

Demo Olymp Trade is suitable for both beginners and experienced traders. Start trading options and forex for free with no risk on the demo. Use the favorable offer of the broker and register on the site.

For those who want to immediately start real trading on Forex and options, use the 100% bonus on the link below. You double your deposit on first deposit. Example: you replenish $ 500, and get $ 1000 to your balance! The bonus is valid only for 1 hour after registration!

Get a 100% bonus on deposit, click here - Registration + Bonus

Start free trade training on a demo!
Demo Trading at Olymp Trade Demo Trading at Olymp Trade Reviewed by Admin on July 11, 2019 Rating: 5