5paisa vs Olymp Trade
5paisa | Olymp Trade |
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2.5
5paisa is #35 in our broker rankings. |
1.5
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Traders from US accepted |
Traders from US not accepted
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5paisa is one of India's fastest growing discount brokers, with 3.3 million registered customers. The financial services provider offers multi-asset trading opportunities spanning thousands of stocks, IPOs, commodities and currency pairs. The brand's pricing model is transparent, with flat fees per transaction including a ₹20 commission per stock trade. |
Olymp Trade was established in 2014 and now boasts over 89 million traders. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform and attractive rewards for new traders. Olymp Trade also offers fixed time trades (FTT) over a diverse range of markets. The brand is licensed offshore by the VFSC. |
Comment by Reviewer | |
"5pasia will appeal to Indian investors looking for low-cost stocks and derivatives trading on a feature-rich mobile app." | "Olymp Trade remains a good choice for beginners looking for a user-friendly bespoke platform and mobile app, plus 24/7 customer support. The $10 minimum deposit makes it easy to get started, however, the range of additional day trading tools trails competitors." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, Stocks, Futures, Options | Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades |
Demo Account | |
No | Yes |
Minimum Deposit | |
INR 450 | $10 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$0 | $1 |
Regulator | |
SEBI | VFSC |
Margin Trading | |
Yes | No |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
Yes | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Mobile Apps | |
iOS & Android | Android & Windows |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$10 | |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | You can speculate on a small range of CFDs covering popular asset classes such as forex, indices, commodities, cryptos and ETFs. Whilst prices trail the best brokers, the CFD trading platform is a compelling solution for beginners looking for simplicity, and you can get started with just $10. |
Forex Trading | |
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee. There is a flat fee of ₹20 per order. Currencies can be traded through the Apple and Android-friendly mobile app. | Olymp Trade offers the industry average of around 30 currency pairs. Spreads came in at 1.1 pips for EUR/USD during tests, which is not the most competitive compared to leading brands like AvaTrade (0.9 pips). That said, experienced traders can access multipliers up to x500 on major pairs. |
GBPUSD Spread | |
N/A | |
EURUSD Spread | |
N/A | 1.1 |
EURGBP Spread | |
N/A | |
Assets | |
4 | 30+ |
Currency Indices | |
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Cryptocurrency | |
Crypto trading not offered | Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto. |
Spread | |
Variable | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Binary options trading not offered | Olymp Trade offers fixed time trades (FTT) on a diverse but modest range of markets, from OTC currencies to composite indices. FTT commissions are charged between 5%-10% and you can trade with ultra-short time frames from 5 seconds. Payouts are available up to 93% for those who can afford the $2000 'Expert' status deposit. |
Payout | |
93% | |
Expiry Times | |
5 seconds - 23 hours | |
Ladder Options | |
No | No |
Boundary Options | |
No | No |
More Comparisons | |
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