All registered users get a demo, or training, account. In fact, it is a free trading simulator, which can be used for following asset charts and making trades - however, traders use demo currency units when practicing in a demo mode.

The use of the simulator is not limited in time. And if there is less than 5000 units on the demo account balance, a trader can easily reset it to the initial amount of 10000 in just 2 clicks.

The trade making process is as close to the real one as possible. It makes it possible to test new trading strategies in the demo mode so that you could use them effectively when making real investments.

There are two account types available for both demo and live modes- ECN and Standard. Using the ECN account, you trade with zero spread and a fixed commission. With a Standard account, a trader has to pay the spread, which starts at 1.1 pips, but does not have to pay a commission for opening a trade.

To figure out how things work, create demo accounts of both types. Do not forget to experiment with a SWAP free option. It replaces a fixed commission for holding a position overnight.

How to Withdraw Money From Olymp Trade?

The Olymp Trade platform strives to meet the highest quality standards of carrying out financial transactions. What is more, we keep them simple and transparent.

The funds withdrawal rate has increased tenfold since the company was founded. Today, more than 90% of requests are processed during one trading day.

However, traders often have questions about the funds withdrawal process: which payment systems are available in their region or how they can speed up the withdrawal.

For this article, we collected the most frequently asked questions.

1. Bank cards.
2. Digital wallets (Neteller, Skrill, etc.).
3. Payment invoice generation in banks or special kiosks.
4. Local banks (bank transfers).
5. Cryptocurrencies.

For example, you can deposit and withdraw your funds from Olymp Trade in India using Visa/Mastercard bank cards or by creating a virtual card in the AstroPay system, as well as using e-wallets like Neteller, Skrill, WebMoney, FasaPay, GlobePay. Bitcoin transactions are also good to go.

Just register on the trading platform. You can do it right now. A demo account is available in all languages of the Olymp Trade platform.

Contents

• What Is a Demo Account?
• How Do I Open a Demo Account on Olymp Trade?
• What Platforms Does Olymp Trade Open Accounts for?
• What Is the Difference Between Olymp Trade's Demo and Live Accounts?
• What Kind of Accounts Do You Offer for MetaTrader 4?
• How Do I Open a MetaTrader 4 Account on Olymp Trade?

Olymp Trade is a large broker that supports several trading terminals. The list is not limited to the platform and mobile apps of the same name. Olymp Trade now provides an opportunity to work in MetaTrader 4.

An increase in the number of products led to the appearance of various account types. From this article, you will learn about their benefits and how to get the one you need. Let's start with the Olymp Trade demo account.