Of all the businesses, the most important thing is to keep your profits and losses under control. It will help you evaluate good or bad investments. From there, you can make reasonable decisions to increase the highest profitability possible. In this article, I will show you how to use the advantages of the Multi-Account feature in Olymp Trade.
With Multi-Account, you can better manage your finances. Let’s see how it works and the benefits it brings to investors.
- 1 What is the Multi-Account feature?
- 2 What are the benefits of the Multi-Account feature?
- 3 How to create multiple accounts with 3 simple steps in Olymp Trade
- 4 Step 2: Proceed to “Add an account”
- 5 How to reasonably use multiple accounts
- 6 Summary
What is the Multi-Account feature?
The Multi-Account feature allows traders to create up to 5 linked accounts. Specifically, each new account will use the currency you choose when creating it (EUR, USD, BRL). And each account will have an individual balance that traders can see in the list of accounts where all the accounts are clearly listed.
What are the benefits of the Multi-Account feature?
For most of the time, more means more troublesome. However, in Olymp Trade, you can use multiple accounts to easily track your investments. Here, I will outline some advantages of using multiple accounts instead of just one.
- First, you can have a separate account for different trading modes. This is more convenient in depositing and withdrawing. You can have a separate account for each different payment method (all payment methods are still applicable).
- You can check out how profitable your trading strategy is by dedicating an account to that strategy.
- For better profit management, you can create an account to save them.
- When making deposits and withdrawals, you can select any account from the multi-account menu.
How to create multiple accounts with 3 simple steps in Olymp Trade
If you do not have an account in Olymp Trade, you can create one quickly by clicking the box below.
Once you have an account and have chosen your trading currency, you can still easily create one more account in another currency. You can create more accounts by doing the following:
Step 2: Proceed to “Add an account”
Step 3: Select a currency (you cannot change the currency you selected earlier) then click “Next”
Name the account, then select “confirm”.
Eventually, you have added a separate account with the main account. Use them with whatever you want to best serve the trading process to make a profit.
How to reasonably use multiple accounts
All of your accounts are available in the account menu. You can use your accounts in a variety of ways to facilitate your trading.
For example, you can use the 1st account to open short-term trading orders. And for the second account, you can use it to invest in long-term strategies. You can also save profits in a separate non-trading account for easy profit and loss calculation.
The Multi-Account feature will give you the flexibility to invest online in Olymp Trade that no other broker can do. In addition, you can rename your account to better distinguish them. In the future, Olymp Trade may add more options to manage multiple accounts.
When launching the Multi-Account feature, Olymp Trade aims at customers’ convenience. With a few simple steps, you can switch to another account. This is in order to facilitate the statistics and research of the foreign exchange, electronic money, and commodity markets.
If you have questions or problems using the Multi-Account feature, leave a comment below. We will assist you in the fastest time possible.