OLIMP broker Accounts

olimp Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

olimp Account Types Explained

Olymp Trade offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type available in 2025.

1. Standard Account

• Minimum Deposit Requirement: $10
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:400
• Key Features: Access to all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, stocks, and cryptocurrencies.

2. Advanced Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Reduced spreads, typically around 0.8 pips.
• Leverage Options: Up to 1:300
• Key Features: Additional analytical tools, priority customer support, and access to trading signals.
• Target User Profile: Intermediate traders looking for more features.
• Trading Instruments Available: All instruments available in the Standard account.

3. Expert Account

• Minimum Deposit Requirement: $2,000
• Spread/Commission Structure: Tight spreads starting from 0.5 pips.
• Leverage Options: Up to 1:200
• Key Features: Comprehensive trading tools, personal account manager, and exclusive market insights.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: All instruments available in the Advanced account.

4. Demo Account

• Minimum Deposit Requirement: None (virtual funds)
• Spread/Commission Structure: Simulated market conditions.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without risk, access to all trading features.
• Target User Profile: New traders wanting to learn and practice.
• Trading Instruments Available: All instruments available in live accounts.

5. Islamic Account

• Minimum Deposit Requirement: $10
• Spread/Commission Structure: Similar to Standard accounts.
• Leverage Options: Up to 1:400
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: All instruments available in the Standard account.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Advanced Account
• Advanced Traders: Expert Account
• Practice: Demo Account
• Islamic Compliance: Islamic Account

Detailed olimp Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• Access to a wide range of instruments
• Educational resources available
• Advanced Account:
• Lower spreads
• Additional analytical tools
• Priority customer support
• Expert Account:
• Tightest spreads
• Personal account manager
• Exclusive insights and tools
• Demo Account:
• Risk-free trading environment
• Unlimited practice time
• Access to all trading features
• Islamic Account:
• Complies with Sharia law
• No swap fees
• Same features as Standard account

Disadvantages of Each Account Type

• Standard Account:
• Limited features compared to higher tiers
• Advanced Account:
• Higher minimum deposit required
• Expert Account:
• Significant initial investment needed
• Demo Account:
• No real profits can be made
• Islamic Account:
• Limited to features of Standard account

olimp Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Olymp Trade operates in many countries but may have restrictions in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted due to regulatory issues; check the Olymp Trade website for the latest updates.
• Identity Verification Documents Needed: A government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing the user's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• Olymp Trade follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure the security of its platform and compliance with international laws.

Verification Time Frames

• Account verification typically takes between 1 to 3 business days, depending on the completeness of the submitted documents.

Step-by-Step olimp Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the Olymp Trade website.
2. Personal Information Entry: Fill in your email and set a password.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with the mobile app offering a more streamlined experience for quick sign-ups.

Common Registration Issues and Solutions

• Issue: Email not received for verification.
• Solution: Check spam/junk folders or request a new verification email.
• Issue: Document upload fails.
• Solution: Ensure documents are clear and within the size limits specified.

Average Account Approval Time

• The average account approval time is between 1 to 3 business days, depending on the volume of applications and the completeness of submitted documents.

How to Upgrade/Downgrade Account Types

• Users can upgrade or downgrade their account type by contacting customer support and following the necessary procedures, which may include additional deposits.

olimp Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading with virtual funds, providing a risk-free environment to learn the platform and test strategies.

How to Open a Demo Account

• A demo account is automatically created upon registration, allowing users to start practicing immediately.

Demo Account Limitations

• The demo account has a virtual balance that can be replenished but does not allow for real profits.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• The demo account uses virtual funds and does not involve real trading, while the live account requires real money and can yield actual profits or losses.

Duration/Expiry of Demo Accounts

• Demo accounts do not have a fixed expiry but may be limited based on inactivity.

olimp Islamic Account Details

Swap-Free/Islamic Account Availability

• Olymp Trade offers Islamic accounts that comply with Sharia law, allowing for trading without incurring swap fees.

Eligibility Requirements

• Traders must indicate their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts are identical to Standard accounts in features but do not incur swap fees.

How to Apply for Islamic Account

• During the registration process, select the Islamic account option or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading strategies that comply with Islamic finance principles.

FAQs – olimp Account Types & Opening

1. What account types does olimp offer？

• Olymp Trade offers Standard, Advanced, Expert, Demo, and Islamic accounts.

1. What is the minimum deposit for each account type？

• Standard: $10, Advanced: $500, Expert: $2,000, Demo: None, Islamic: $10.

1. How long does olimp account verification take？

• Verification typically takes 1 to 3 business days.

1. Does olimp offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with olimp？

• Yes, traders can have multiple accounts, including different types.

1. Does olimp offer Islamic/swap-free accounts？

• Yes, Olymp Trade offers Islamic accounts that are swap-free.

1. What documents do I need to open a olimp account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type by contacting customer support.