The Olymp Trade status system helps traders not only to hone their skills but also to make more out of the trading platform. Unlocking new indicators and getting higher profitability in the FTT mode motivate traders to keep searching for favorable situations for making trades.
Making investments is not only about making money but also about earning guaranteed experience points (XP). This motivation is especially important for novice traders who have a harder time getting a foothold in this business.
Beginners are always on the lookout for the best ways to trade on different assets. Therefore, the main advantage of a Starter status is that it enables future traders to start literally from scratch and develop trading skills in the most comfortable way — by moving along the Trader’s Way.
What Is the Starter Status About?
With a Starter status, a trader can use the basic version of the trading platform under standard service conditions. Almost all the company clients start with it. They choose from 27 available technical analysis indicators as well as visual analysis tools. Besides, Starter traders get an increased rate of return on their trades of up to 82% at happy hours.
How Do I Get and Extend the Starter Status?
To reach this status, you just need to switch from a demo account to a live one and deposit any amount from $10 to $500 into it (a higher deposit amount will activate an Advanced status, which can be reached by depositing from $500 to $2,000).
There is no need to extend the Starter status since it is the basic one. However, the accumulated experience points will reset to zero every 30 days. In light of this, make sure you gain enough XP during this period to achieve an Advanced status. It’s not that hard to do.
What Rewards Does the Trader’s Way Offer to Starter Traders?
|The number of XP needed||Reward|
|0||The Moving Average advisor is a ready-to-go trading strategy, which provides buy or sell signals online. Using advisors makes it easiest for you to start trading on Forex.|
|50||30% bonus on your deposit|
|450||Secret indicator StochRSI|
|1 200||30% bonus on your deposit|
|2 300||Advanced status for 24 hours|
|3 750||50% off an Advanced status. Upgrade for $250|
|5 550||30% bonus on your deposit|
|7 700||You unlock Trailing Stop — a moving Stop Loss order, which trails the asset price at the set distance.|
|10 200||Risk-free trades|
|13 050||Increased rate of return of 85% in the FTT mode|
|16 250||A call from a professional analyst who will give you valuable advice on trading. For example, they can tell you the best way to trade the news in the Forex mode.|
|19 800||Advanced status for 30 days|
You can find the current list of rewards available on the Trader’s Way on the trading platform: click on “Profile,” then open the Trader’s Way tab.
In the same location you can find the following video that explains how to quickly move from Starter to Advanced status.
How Do I Quickly Upgrade to Advanced Status?
Let’s get to the hacks that will help you move along the Trader’s Way. Starter traders can quickly earn a reward that upgrades their status to Advanced for 24 hours. It activates all the benefits of the new level for 1 day.
And if you actively trade during this period, you can reach an Advanced status for 30 days without investing extra money.
The second way to quickly upgrade from Starter to Advanced is to get a discount on Advanced for the experience you have earned on the Trader’s Way (see the table above). Thus, you can reach a new status at half price.
However, you will need at least $260 to do this: $10 to start trading and $250 to fund your account and reach an Advanced status. This is the cheapest and fastest way to get Olymp Trade privileges for an extended period.
What Else Do I Need to Know to Follow the Trader’s Way?
As you can see, the Trader’s Way gives you every opportunity to gain a more privileged status as quickly as possible. But your progress depends on how good your trading skills are.
To improve your trading, use our free tutorials and webinars from the Olymp Trade experts. You can find these materials in in our Help Center.
We wish you success in investing and learning on Olymp Trade!