Olymp Trade is a trading platform with numerous advantages and features. For beginners, a demo account is available for free. A demo account requires basic details to be approved instantly. It offers 10,000 virtual units of currency, so you can evaluate the trading platform without risking your real money. When you’re ready to open a full account, registration can be a bit more complex. You may have to supply a photo ID, passport copy, proof of residence, and confirm your payment method.
The website of olymp trade is easy to use. The site is designed in a clean, organized manner. It features links that are easy to find. There are also help centers and social media pages to provide insight into current economic news. But, with the help of Olymp Trade, anyone can participate in the Financial market without spending thousands of dollars on educational resources.
Olymp Trade is an internationally recognized broker. Founded in 2014, this company has become a trailblazer in the online trading industry. It employs financial experts, developers, and support staff to listen to traders’ needs and introduce new on-demand features. When it comes to the world of spread betting, there are many different strategies you can use to make your trades profitable. Forex scalping, trend following, news trading, and hedging are some of the most common methods of using forex spread betting.
When it comes to earning a profit with spread betting forex, you can calculate it by dividing the spread by the price of the traded asset. For example, if the EUR/USD currency pair is at 1.950, you’ll earn $10 for every 0.0001 increment, or pip. In other words, if the price of the currency pair is at 1.0950 and you bet on that pair, you’ll earn nine pips, or $90. This is a good example of how spread betting works. However, you need to carefully consider your betting strategy.
For example, the FCA is the best regulator for spread betting, while CySEC is another. A tier two regulator would be the Financial Supervision Commission of Mauritius. These are both great regulators of financial markets, and they’ll protect you if you’re a newbie. Another benefit of using the Quotex demo account is the fact that you can learn the trader’s strategies without risking real money. You can try different trading strategies with the virtual currency and test out new strategies without risking real money. As you become more familiar with trading, you’ll be able to transfer your winning trading strategies from the demo account to the live account. But before you do so, make sure that you’ve verified that your new trading strategies work in the live account.
To encourage new traders, Quotex offers a deposit bonus that can range from 10% to 80% of your deposit. If you register through our website, you’ll be eligible to receive this bonus after making your first trade. This bonus is only available to new users, so it’s important that you read the terms and conditions before applying. The first benefit is that it allows you to switch currencies and currency pairs without incurring any additional charges.