The first thing that you should know about Olymp Trade is that it offers a free demo account. With this demo account, you can practice different trading strategies in real time and learn about the different investment options available. This free demo account also allows you to avoid making any impulsive decisions as you can always disable the real account and practice trading with real money. If you are satisfied with the demo account, you can then switch to a real one.
Accepts Multiple Deposit Methods
Traders Union reported that the Olymp Trade’s bonus is based on the percentage of your investment, so it will be higher if you deposit with your own funds rather than using a pre-determined percentage of your account. If you’re in the US, you’ll be able to use Bitcoin and Litecoin, while traders in India will be able to deposit using their local bank or popular e-wallets.
Olymp Trade is a member of the Financial Commission. This is a worldwide body that regulates financial services and offers protection for its customers. Its platform has a simple, intuitive interface, and a diverse portfolio of trading assets. Olymp Trade is available for users in more than thirty countries. There’s no regulatory body in North America or Europe, but it has been a member of the Financial Commission since 2016, so there’s no reason for you to be worried about your funds.
Benefit From A Spread Betting Platform
A spread betting platform is a financial instrument which lets traders bet on multiple currencies without incurring a commission. The spread on the quoted price is what benefits the spread betting platform. This financial instrument has a number of advantages over other financial trading options. It allows traders to stake a relatively small amount of capital while taking advantage of market diversity. Its flexibility and ease of trading make it an appealing option for many traders. Here are some of its main benefits.
A spread betting platform allow traders to trade in contracts for difference (CFDs), which are tradable securities without having to deliver physical goods. A CFD does not require delivery of a physical security or good, but its value is transferable while it is in force. The broker and client establish an agreement to trade and exchange the difference at the beginning and end of each trade. Spread betting allows traders to profit when the price of one asset increases and another falls. One of the main criteria for selecting a broker is user-friendliness. Quotex offers a browser-based platform that does not require any downloads. The web platform is usually limited in features, as compared to downloadable platforms such as Meta Trader.
Last Lines
When choosing a spread betting platform, consider the number of markets it offers. Spread betting brokers may offer bonuses for account opening, as well as reduced holding costs. Some brokers offer demo accounts, while others only offer a limited selection of markets. For example, serious forex traders may want to invest in the interbank FX market with an ECN account, which allows them to trade directly with other banks. Others might prefer to trade in a CFD, which offers hedging and other benefits.
