Statuses - All you need to know!

4 min. readlast update: 03.05.2024

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✨Types of Statuses

In Olymp Trade, statuses are the classifications of trading accounts. The higher your status, the more trading privileges you have. You can obtain a Starter, Advanced, or Expert status. 

  • Starter: After registration, every user is instantly granted this status, which unlocks access to standard trading conditions. This status is ideal for new traders looking to get started. 
  • Advanced: This status provides enhanced trading opportunities and is ideal for traders seeking to fast-track their progress.
  • Expert: The highest status offers the best trading conditions, advanced tools, and numerous benefits. It's the status of the most skilled traders.

📹Check this video to learn more about statuses:

⏫How can I upgrade my status? 

You can upgrade your status to Advanced or Expert by depositing and accumulating XP on the Trader's Way. You can also buy the status on the Marketplace

💰First-time deposit

Get Advanced status by depositing $500 to your fiat account or Expert status by depositing $2000.

Get your status at a special price with a USDT account! 💰

Deposit $100 into your USDT account to get Advanced status or deposit $500 into your USDT account to get Expert status. 

Check out this article to get started with your USDT account!

📈 Progress on the Trader's Way

You can obtain Advanced and Expert status by accumulating Experience Points (XP) on the Trader's Way.

What is the Trader's Way? 

The Trader's Way is a level-based program where you progress according to your trading activity. When you close deals and participate in our in-platform events and our referral program, you earn XP. Accumulating XP will bring you closer to the next level in the Trader's Way. Each new level will give you outstanding rewards, such as trading tools, bonuses, and new statuses.  

What are experience points or XP? 

XP are the points you receive for your trading activities. You will need them to advance on the Trader's Way and receive the rewards of each level. 

How do I check my progress on the Trader's Way? 

Follow your progress on the Trader's Way by clicking the profile icon in the top right corner. 

📸Heres what it looks like: 

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Learn more about the Traedr's Way with these short videos:

From Starter to Advanced

From Advanced to Expert

🛒Buy your status 

You can also get Advanced status for a monthly subscription of $98 and Expert status for a monthly subscription of $399. Here's how to do it:

  • Click on the 'Marketplace' icon and select 'Trading Conditions.'
  • Choose the status you wish to purchase, 'Advanced' or 'Expert.' 

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  • Select the subscription period and payment method. 
  • Check that all the information is correct and click 'Confirm payment.' 

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You can buy your status by depositing new funds or using your trading balance. Read more about it here

⏰Status Duration

A status is valid for 30 days after its activation. During this time, you can "save" your current status by accumulating the necessary XP.  

Saving status

You can keep your Stater status indefinitely - it's your account's default status. To keep your Advanced status, you need 35000 XPs. To save your Expert status, you need 160,000 XPs.  

Your profile shows how much time and XPs you have left to extend your status. 
  • On your profile, click on the status box. You will see the "time left until the current Trader's Way Stage ends" and the points needed to reach the next level. 

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  • You must obtain the 'Maintain Status' reward to extend your status. For Advanced status, it is at level 8. For Expert status, it is at level 5.
📸This is what it looks like: 

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✨Ready to take your trading to the next level? Unlock premium statuses for the ultimate trading experience! Don't miss out on the best conditions for success!

Read more about the benefits of each status in this article.

If you found this article helpful, don't forget to hit 👍!  

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