What Account Types and Fees Does Olymptrade Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Starter Account |
Beginners |
No minimum deposit, basic tools, up to 85% return |
Ideal for small capital and risk-free trading |
| Advanced Account |
Intermediate Traders |
$500 minimum deposit, enhanced trading benefits, up to 89% return |
Requires moderate trading experience |
| Expert Account |
Experienced Traders |
$2,000 minimum deposit, full platform capabilities, up to 93% return |
Best suited for high-volume trading |
| Demo Account |
All Traders |
Virtual funds, risk-free practice |
Available for all users to test strategies before live trading |
Account Opening Process
To open an account with Olymptrade, you will need to follow a straightforward process. First, you must submit personal information, including your name, email, and phone number. After that, you will provide employment and financial information to help assess your trading profile. The next step is identity verification, which requires uploading a government-issued ID and proof of address. Once your information is verified, you can start trading on the selected account type. It is also worth noting that you have the flexibility to upgrade your account to a professional tier as your trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Standard spreads maintained |
| CFDs (Stocks) |
1.5 |
$0 (ECN: $5/lot) |
Varies by stock liquidity |
| CFDs (Indices) |
1.2 |
$0 (ECN: $4/lot) |
Competitive rates for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Olymptrade may charge for various services. Deposit and withdrawal fees can vary based on the payment method used. Inactivity fees may apply if the account remains dormant for an extended period. While there are no platform usage fees, traders should be aware of overnight interest (swap rates) on leveraged positions. Lastly, currency conversion fees may be applicable for accounts held in currencies other than the trading asset.
