Olymp Trade vs FXDD

Olymp Trade vs FXDD Comparison Table 2023
Olymp Trade Review 2023	FXDD Review 2023
Review 1.5	Review 3.4
Traders from US not accepted See available binary options brokers	Traders from US not accepted See available CFD brokers
Olymp Trade was established in 2014 and now boasts over 25k active traders each day. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform, competitive spreads and attractive rewards for new traders. Olymp Trade also offers fixed time trades over a huge range of markets.	FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta and Mauritius, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/5 customer support. Superior pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.
Comment by Reviewer
"Olymp Trade is a good option for beginners looking for access to popular financial markets, 24/7 support, and a user-friendly trading platform."	"We recommend FXDD for experienced traders looking for reliable VPS hosting and automated trading tools. It will also serve traders familiar with the MetaQuotes software with support for both MT4 and MT5."
Pros
Over 10 flexible payment methods including bank cards and Bitcoin deposits Diverse asset classes including commodities, cryptos and composite indices Comprehensive blog section with analytics, trading education and market news Minimum deposit and withdrawals of only $10, ideal for newer traders 24/7 customer support via the broker's hotline, email or live chat Fixed time trades on popular markets	A choice of standard pricing with no commissions or ECN pricing with low commissions of $0.0299 per 1000 Trading Central integration with daily fundamental market analysis and automated chart pattern software MetaTrader platforms available via desktop, web and mobile with signals and Expert Advisors (EAs) Accessible for beginners with just a $1 minimum deposit, plus mini, micro and demo accounts Regulated by the MFSA with investor compensation and negative balance protection VPS accounts for algo traders and experienced traders running complex strategies Swap free / Islamic friendly trading accounts 24/5 multilingual customer support
Cons
Offshore broker with weak regulatory oversight Only one proprietary platform available Limited transparency	Withdrawal fees apply for more than one payment per calendar month There is a $25 withdrawal fee for payments under $100 We didn't rate the outdated market insights section Narrow range of instruments vs other online brokers A $30 inactivity fee applies to dormant accounts
Awards
	Most Trusted Forex Broker Europe 2012 - Global Banking & Finance Review Best New Platform Europe 2012 - Global Banking & Finance Review Most Transparent FX Broker 2011 - Middle East Forex & Investment Summit
Instruments
Fixed Time Trades	Forex, CFDs, indices, shares, commodities
Demo Account
Yes	Yes
Minimum Deposit
$10	$1
Trading Platforms
Own	MT4 MT5 DupliTrade
Payment Methods
AstroPay Bitcoin Payments Doku Wallet FasaPay Flutterwave M-Pesa Neteller Perfect Money Skrill WebMoney Wire Transfer Yandex Money	Credit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
FinaCom	Malta Financial Services Authority (MFSA), Mauritius Financial Services Commission (MFSC)
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	Yes
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	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Social Trading
No	Yes
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
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP JPY
Commodities
	Gold Silver
CFD Trading
CFD trading not offered	Access CFDs across popular financial markets with just $1 to get started. Strategies can be automated in either of the MetaTrader platforms, and experienced traders can benefit from VPS hosting.
Leverage
	1:30
FTSE Spread
	21
GBPUSD Spread
	0.4
Oil Spread
	6.0
Stocks Spread
	Variable
Forex Trading
Forex trading not offered	Trade a competitive range of 67 forex pairs with ECN spreads from 0.2 pips and leverage up to 1:30. FX traders can also make use of the Trading Central signals or the broker's daily forex analysis.
GBPUSD Spread
	0.4
EURUSD Spread
	0.5
EURGBP Spread
	1.6
Assets
	67
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.	Crypto trading not offered
Spread
Variable
Coins
BTC ETH LTC DASH
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 on a huge range of markets. Established in 2014, the firm now sees more than 30 million monthly transactions with an average monthly payout of over $16 million.	Binary options trading not offered
Payout
90%
Expiry Times
5 seconds - 23 hours
Ladder Options
No	No
Boundary Options
No	No

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