How to Activate Risk Free trade in Olymp Trade! If you’re new to trading or looking to try out a new strategy without risking your own money, risk-free trades can be a great option. In this article, we will explore how to activate risk-free trades in Olymp Trade, a popular online trading platform. We will provide a step-by-step guide and share tips on how to use risk-free trades effectively. So, let’s dive in!
Olymp Trade is a leading online trading platform that offers a wide range of financial instruments, including forex, cryptocurrencies, stocks, indices, and commodities. It is known for its user-friendly interface and a wide range of educational resources, making it popular among both beginner and experienced traders.
Risk-free trades are a unique feature offered by Olymp Trade that allows traders to place a trade without risking their own money. If the trade results in a loss, Olymp Trade refunds the lost amount back to the trader’s account. However, if the trade is profitable, the trader gets to keep the profits.
Risk-free trades are usually offered as a promotion or a bonus to traders, and they come with certain terms and conditions. For example, the trader may need to make a minimum deposit or achieve a certain trading volume to be eligible for risk-free trades. It’s important to carefully read and understand the terms and conditions associated with risk-free trades before using them.
There are several benefits to using risk-free trades in Olymp Trade. Here are some of the key advantages:
- Practice trading without risking your own money: Risk-free trades provide an excellent opportunity for beginner traders to practice their trading skills without the fear of losing their own money. It allows them to gain confidence and experience in a live trading environment.
- Test new strategies: Risk-free trades are also useful for experienced traders who want to test out new trading strategies without risking their own capital. It allows them to experiment with different approaches and refine their trading techniques.
- Recover losses: If a trader incurs losses on a trade, the refund from a risk-free trade can help them recover some or all of the lost amount, reducing the impact on their trading account.
Activating risk-free trades in Olymp Trade is a straightforward process. Here is a step-by-step guide:
Step 1: Sign up and create an account with Olymp Trade if you don’t have one already.
Step 2: Make a deposit into your Olymp Trade account. The minimum deposit required to be eligible for risk-free trades may vary depending on the promotion or bonus offer.
Step 3: Navigate to the trading platform and select the financial instrument you want to trade.
Step 4: Set the trade parameters, such as the trade amount, expiration time, and direction (up or down).
Step 5: Check the box that says “Activate risk-free trade” before placing the trade.
Step 6: If the trade results in a loss, the refunded amount will be credited back to your Olymp Trade account automatically. You can use this refunded amount to place another trade or withdraw it from your account.