Olymp Trade vs 7Bforex

Olymp Trade vs 7Bforex Comparison Table 2023
Olymp Trade 7Bforex
1.5
1.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Olymp Trade Offer Fixed time trades over a huge range of markets. Established in 2014, the firm now boasts over 25k active traders each day.

7Bforex is a broker-dealer geared towards Nigerian traders, offering a sign-up bonus and the MT4 platform.

Pros
  • Full range of investments
  • Low minimum deposit
  • MT4 integration
Cons
  • No copy trading
  • Weak regulatory oversight
Bonus
₦10,000 Welcome Bonus
Instruments
Fixed Time Trades CFDs, Forex, Stocks, Indices, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$10 ₦5,000
Payment Methods
Minimum Trade
€/$1 0.01 Lots
Regulator
FinaCom
Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No 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 and Windows Android
Auto Trading
EAs
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • NGN
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Leveraged CFDs can be used to go long or short on hundreds of popular markets.
Leverage
1:200 (Default), 1:1000 (Maximum)
FTSE Spread
From 2.1 pips (Standard)
GBPUSD Spread<
From 2.1 pips (Standard)
Oil Spread
From 2.1 pips (Standard)
Stocks Spread
From 2.1 pips (Standard)
Forex Trading
Forex trading not offered Trade a wide range of currency pairs with floating spreads.
GBPUSD Spread
From 2.1 pips (Standard)
EURUSD Spread
From 2.1 pips (Standard)
EURGBP Spread
From 2.1 pips (Standard)
Assets
60+
Cryptocurrency
Trade crypto-fiat pairs including major tokens like Bitcoin.
Spread
From 2.1 pips (Standard)
Coins
  • BTC
  • ETH
  • XRP
  • DASH
  • BIT
  • EDO
  • ETP
  • IOTA
  • NEO
  • OMG
  • SAN
  • XMR
  • ZEC
  • EDO
  • LTC
  • TRX
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Olymp Trade offers fixed time trades over a huge range of markets. Established in 2014, the firm now boasts more than 25k active traders. Binary options trading not offered
Payout
90%
Expiry Times
5 seconds - 23 hours
Ladder Options
No No
Boundary Options
No No
More Comparisons
Olymp Trade
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