Olymp Trade vs Binarium

Olymp Trade vs Binarium Comparison Table 2024
Olymp Trade	Binarium
Review 1.5	Review 2.6

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.	Binarium is an established international broker offering binary options trading on diverse markets including stocks, indices, forex, commodities and cryptocurrencies. Traders can start trading with as little as $1 and earn payouts up to 80% of their stake.
Comment by Reviewer
"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."	"Binarium is a good binary options broker for traders looking for an experienced brand with low deposit requirements and a welcome bonus."
Pros
Short-term strategies are catered to with scalping signals and chart timeframes from 5 seconds Diverse range of day trading markets including commodities, cryptos and composite indices Over 10 flexible payment methods available including bank cards and Bitcoin deposits Beginner-friendly blog section with analytics, trading education and market news Minimum deposit and withdrawals of only $10, ideal for newer traders Fixed time trades (FTT) on popular markets with payouts up to 93% 24/7 customer support via the broker's hotline, email or live chat Commission discounts up to 20% for experienced investors	Segregated client funds Promotions including 100% welcome bonus and trading tournaments Flexible payment methods and account currencies, including support for crypto payments Community forum platform Enhanced educational features Demo account with virtual funds Low minimum deposit requirements
Cons
Weak regulatory oversight and offshore registration means traders will receive limited safeguards compared to top alternatives Only one proprietary platform available, with no access to popular third-party software such as MT4 or cTrader Commissions charged on all assets - up to 15% on standard trades and up to 10% on FTT The best conditions are available only to those who can deposit at least $500 Very limited range of charting tools and indicators on the platform Research and education trails most alternatives Limited transparency on the website	Unregulated Limited trading instruments Limited information on broker’s website No industry established trading terminals Lower payouts than other binary options brokers Specific bonus terms and conditions to meet before being able to withdraw funds
Awards
Best Mobile Trading Platform - World Finance Awards 2021 Best Investment Broker - The Forex Awards 2021 Best FX Trading Platform - Forex Expo 2020
Instruments
Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades	Forex, Stocks, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$5
Trading Platforms
Olymp Trade Platform	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card Mastercard Neteller Perfect Money Skrill UnionPay Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Mastercard Neteller QIWI Visa WebMoney Wire Transfer Yandex Money
Minimum Trade
$1	$1
Regulator
VFSC
Margin Trading
No	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
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
Android & Windows	iOS & Android
App Review
	Binarium offers a mobile app that should provide an optimal trading experience on the go. However, we’ve observed worrying complaints of deposits not showing in account balances despite multiple requests to the support team. So, despite a very modern interface and capable charting tools, it trails industry leaders.
Android App Rating
	3.3
iOS App Rating
	1.3
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
Yes	No
Account Currencies
USD	USD EUR AUD RUB
Stock Exchanges
CAC 40 Index France DAX GER 40 Index FTSE UK Index Hang Seng Japan Exchange Group Nasdaq Russell 2000 S&P 500
Commodities
Gold Natural Gas Oil Platinum Precious Metals Silver
CFD Trading
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.	CFD trading not offered
Forex Trading
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.	Trade 20 forex pairs, including majors like EUR/GBP and USD/GBP as well as minor pairs. On the downside, this isn't the most varied selection of currencies available.
GBPUSD Spread
	N/A
EURUSD Spread
1.1	N/A
EURGBP Spread
	N/A
Assets
30+	20
Currency Indices
USD
Cryptocurrency
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.	Trade binary options on three Bitcoin pairs – BTC/USD, BTC/GBP and BTC/EUR – with flexible contract lengths. Simply bet whether the price of the asset will rise or fall.
Spread
Variable	N/A
Coins
BTC ETH LTC DASH AVX BNB BCH LNK DOGE GLM SOL XTZ XRP ADA DASH EOS KSM MAT DOT XLM UNI	BTC
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 (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.	Binarium is an experienced binary options broker offering access to a range of financial markets with a proprietary, sleek platform. New users can claim a welcome bonus up to $1,500 or practice in the demo account with $10,000.
Payout
93%	80%
Expiry Times
5 seconds - 23 hours
Ladder Options
No	No
Boundary Options
No	No

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