Olymp Trade Multi Accounts: Why It’s Great

Know the pros of having several interconnected accounts on the same platform.

Smart traders are always seeking new ways to make the most of their money. Olymp Trade Multiple Accounts make it easier to manage your funds, saving you a lot of time and reducing hassle.

Multi Accounts is a great feature Olymp Trade has been working on a lot. This article explains how it functions and why it makes an Indian trader’s life way easier.

Let’s start with making the term clear.

What Are Multi Accounts?

Olymp Trade Multi Accounts is a solution that allows traders in India and other locations to create up to 5 accounts within the same profile. All these accounts are interconnected, so you can quickly transfer money from one to another ? the same way you do in your banking app.

Why Multi Accounts Are Useful

Managing your funds from one control panel has many pros. With Olymp Trade Multiple Accounts, you can:

• Use a separate account for a certain strategy, trading mode, or payment method;



• Create a safe-haven account to keep a part of your funds protected from market turbulence;



• Compartmentalize your profits by using individual accounts for various investment goals;



• Make instant and easy funds transfers between the accounts.

Adding a separate account for testing a new strategy, investment style, or trading mode is very convenient. It allows you to create a sandbox environment for every approach to assess its profitability better.

Creating a safe-haven account helps you isolate your emergency funds from the rest of your money and the risks you take. Form a risk-tolerant account and another that is risk-averse. Use the two to test your ability to trade each style. Use different tools and combinations in each account to track which works best for you.

Sorting out your trading profits is good if you use trading to reach multiple financial goals in terms of horizon and priority. Multi Accounts is the perfect tool to help keep each separate.

There is a lot to be learned from utilizing different trading strategies and tools. Learn more about the tools that are available on the platform and how to use them in this article.

How to Add Olymp Trade Multiple Accounts in India

Adding Olymp Trade Multiple Accounts to an existing one is easy. Just go to the platform and follow this simple 3-step plan:

1. Open the Accounts menu and click the Plus icon in the upper right corner of the screen;



2. Select the currency (right now, the USD is the only option in India, but more currencies will be added soon);



3. Choose a name (for instance, “Emergency fund”) and click Create an Account;



4. To add more accounts, repeat this process.

Now, you have a new account where you can store money for unexpected expenses. You may add more accounts if you are saving for different goals and want to separate them.

As you see, there’s no rocket science here. If you are already registered with Olymp Trade, you can create a new account in a few clicks.

Do I Need to Verify Every Account I Add?

Account verification may be time-consuming and often involves a lot of paperwork, but it’s not the case with the Olymp Trade platform. You can create a trading account in a matter of minutes, following the hints of the system.

Besides, when you add a new account to your existing one, there’s no need to start the procedure anew. All your accounts stem from the same trading ID, so you don’t verify them separately. One problem less to worry about.

Can I Rename My Olymp Trade Multi Accounts?

By default, when new Olymp Trade Multiple Accounts are opened, they get a simple name like “USD Account 2”. You can change the names of your accounts to distinguish them easily.

Say, you decided to use “USD Account 2” for your savings. Let’s rename it accordingly.

1. Go to Accounts;



2. Select the one you plan to rename;



3. Click on this Account menu and click Rename;



4. Enter the new name (“Savings”) and click Confirm.

To rename other accounts, repeat this simple process.

Can I Deactivate one of my Olymp Trade Multiple Accounts?

There are many reasons why you may want to deactivate one of your Olymp Trade Multiple Accounts.

For example, you reached the goal you have been investing for. Or your circumstances have changed, and this goal is no longer relevant. Or you created this account just to see how this feature functions, and now want to delete it.

Regardless of the reason you may have, if you don’t need some account anymore, you can archive (deactivate) it. As always, the process is easy as 1-2-3. But there are some important things to keep in mind.

Before you archive one of your Olymp Trade Multiple Accounts, make sure that:

1. It is empty (i.e., has zero balance);



2. All the trades associated with this account are closed;



3. It’s not your main account.

IMPORTANT:if money comes to an archived account, it will be restored automatically.

You will receive a confirmation as soon as it happens.

In this case, you have two options to choose from:

• To transfer money to an active account and repeat the archiving process for the restored account;



• To keep the restored account active and continue using it.

How Do I Deposit Money to My New Account?

To fund your new Olymp Trade Multiple Accounts, follow this plan:

1. Go to Accounts (to the left of the blue Deposit button);



2. Select the account you need from the list;



3. Click on this Account menu (3 vertical dots) and choose Deposit;



4. Choose the preferred payment method from the drop-down box;



5. Choose a deposit amount and confirm it;



6. Apply a Promo Code (if you have any) to get a bonus. A promo code can add 30% (or even more) to your deposit amount, so don’t miss this opportunity.

To withdraw money, use the same menu. Note that withdrawals are processed with the same payment methods you use for depositing funds. Choose the method you prefer and complete the process.

How Do I Switch Between My Accounts?

Go to Accounts and click on the selected account to open its menu. Use this menu to deposit or withdraw funds, and rename or deactivate your account. We broke it down for you earlier in this article.

Switch between your accounts with ease. Make the most of the tools at your disposal. Multi Accounts could make a difference in your trading future that rockets you to new trading heights.

Olymp Trade Multiple Accounts are also available on the mobile, web, and Olymp Trade PC desktop platforms. No matter where you are, you can access your full portfolio and make trades on the go. See for yourself what all the hype is about. Creating spaces for us to experiment as humans is how we have grown and evolved as a species. Multi Accounts could be the key to the next step in your trading journey.

To try it in action now, go to the platform.

Use this new feature to manage your funds in a more effective and convenient way. Keep an eye out for important updates coming soon. Follow their socials and join your local Facebook community to stay up to date on all things Olymp Trade.