MT4 – Account Types Available On Olymp Trade
Olymptrade mt4 platform
To gain profit on one of the large and reputable Olymp Trade brokerage services, you can use different types of accounts. Today, in addition to convenient desktop and Olymp Trade 代理 both smqartphone and tablet applications, users can also use the MT4 platform.
Find out Olymp Trade 代理 what account types exist at Olymp Trade today, what privileges and advantages each of them gives, as well as which one should you choose in your circumstances.
Demo Account At Olymp Trade
Demo, that is, Demonstration Account is a type that helps new users of the system see how the platform works and allows to discover how to use many of its functions and capabilities. Iт case you do not have enough experience and are afraid of incurring losses at the very beginning, then simply Olymp Trade 代理 by registering you can use a simulator that will help you understand the intricacies of trading, understand the price movement charts and the peculiarities of opening positions.
You can apply a demo account for learning as long as you like in order to have time to properly find out and understand how to act for successful trading. In this case, you can get 10,000 trainer units again if the Olymp Trade 代理 Olymp Trade 代理 demo balance drops below 5,000.
In the process of learning on a demo account, you will gain experience practically no different from what you will have when trading with real funds. You will be able to try out any strategies before you start risking your money.
How Can I Open a Demo Account?
You need only create login and password on the trading service. You can register an account at any time using any of the world languages available on Olymp Trade.Olymp Trade 代理
Also, by visiting the website www.metatrader.olymptrade.com you can register a MetaTrader 4 account or simply use your existing account. Log in with your username and Olymp Trade 代理 password, without the need to create new ones.
Differences Between Account Options at Olymp Trade
The time has its frame when using the Forex mode, so the trader will have only weekly time limit, while in the fixed time mode in general, both Demo and Real accounts look the same. This allows beginners and not only them to test different strategies using small amounts of their real money.
What Types of Accounts Can I Use at Olymp Trade For MetaTrader 4?
Users can use Standard and ECN accounts in both demo and real modes. You can pay a spread Olymp Trade 代理 of at least 1.1 points using a Standard account, while opening an order there is no need to pay a fee. The ECN account allows you to Olymp Trade 代理 trade with a fixed charge with a spread equal to zero.
It is worth Olymp Trade 代理 using the demo versions of both types of accounts to understand the essence Olymp Trade 代理 of both methods. We also recommend trying various trading options with overnight hold replacement using the function without SWAP.
Open MetaTrader 4 Accounts
When you have registered on the www.metatrader.olymptrade.com website or logged in with your existing username and password, Olymp Trade 代理 Olymp Trade 代理 you can create one of the proposed MetaTrader 4 account options, both a demo Olymp Trade 代理 version and a real one, and then select the Standard type or ECN.
Using this data, you can log into both the MetaTrader 4 web application and the Olymp Trade 代理 mobile application. You can change the password for your MT 4 account at your Olymp Trade 代理 convenience by going to your personal account and selecting the settings.
Open MetaTrader Olymp Trade 代理 4 Accounts on Olymptrade
So, starting with the demo account of the chosen option, you can safely start learning and developing as a trader. Your funds will initially be Olymp Trade 代理 protected from beginner mistakes while you improve your trading skills.
Olymp Trade’s Halal Accounts
Olymptrade halal account
Olymp Trade’s platform offers Muslim users opportunities to trade forex that meet all Olymp Trade 代理 Olymp Trade 代理 Islam’s requirements.
Our trading platform has attracted thousands of traders from across the globe. Users not only love our platform due to its high quality standards, but we Olymp Trade 代理 Olymp Trade 代理 also ensure that we always meet the requirements of our customers and have created a trading environment that is truly comfortable.
Olymp Trade platform accounts have been brought in line with Islam requirements, specifically for traders from Muslim countries. This makes Olymp Trade 代理 it possible for Muslim users to learn more about business opportunities presented by the forex (foreign exchange) market.
The main reason why Muslims often don’t want to trade forex is because of the common misconception that forex trading is gambling.
Trading Is Not Gambling
With gambling, every outcome depends on chance. This is not the case with forex as cash flows internationally are governed by the economy, more specifically, the laws Olymp Trade 代理 of supply and demand. Investors don’t rely on intuition or chance, but use trading strategies that allow them to identify market conditions where they can possibly make a profit.
By using Olymp Trade’s Forex platform, our clients are able to learn how to use common analysis tools, basic trading strategies and general forex trading principles for free.
The users of the platform don’t have to pay swaps, which depend on the interest rates as defined by the country that has issued the currency’s central bank. If a position is to be kept open on the platform overnight, a fixed fee is payable. This fee is known beforehand and has no link to the interest rate of any bank. Traders therefore know the position’s total cost, even before it is opened, irrespective of the level of investment horizon they set.
Real Prices and Markets
When traders execute trades in spot-markets, they are trading with real goods. As Islam bans working on contracts that involve the deferred supply of goods, e.g. futures or forwards, our Muslim traders only work in the real Olymp Trade 代理 market, i.e. the spot market.
Trades are executed at market prices that are Olymp Trade 代理 determined by other users of foreign exchange markets. A chart is used to indicate Olymp Trade 代理 the actual value of the asset. Working with these prices fully meets Islam requirements.
Trades are not limited by time, allowing you to make decisions on investments without Olymp Trade 代理 having to worry about factors such as futures expiration, i.e. its circulation expiring.Olymp Trade 代理
In Islam, opinions on trading the foreign exchange market differ. Some individual see forex as a game, while others don’t accept participating in trading due to the close Olymp Trade 代理 link between loan interest and currencies. The mechanisms that are used to determine whether Olymp Trade 代理 various aspects of trading comply with Islam’s requirements are very complex. For those who want to trade in the forex market however, Olymp Trade’s platform presents a high-quality Olymp Trade 代理 option that meets exacting standards.
Olymp Trade is an international online trading platform.Olymp Trade 代理
The platform has been successfully operating since 2014, its trademark being a variety of instruments and impeccable quality service. This is confirmed by prestigious prizes from such industry Olymp Trade 代理 experts as KROUFR Awards, IAIR Awards, Show FX World and others.
The unique customer Olymp Trade 代理 benefits offered by Olymp Trade have been appreciated by traders from over 20 countries of the world.
These benefits include a low-cost access to the market (deposits Olymp Trade 代理 start from $10/ €10), guaranteed no-commission money withdrawal within 1-5 days, a full-featured demo account, 24-hour multilingual technical support and a comprehensive trading knowledge database. FinaCom experts, who certified the Olymp Trade platform, emphasized the safety, capacity and transparency of the accounting flow, honesty of trading operations processing, protection of confidential customer information and backup data Olymp Trade 代理 Olymp Trade 代理 storage
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