Olymp Trade vs FXOpen

Olymp Trade vs FXOpen Comparison Table 2023
Olymp Trade Review 2023	FXOpen Review 2023
Review 1.5	Review 3.7
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.	FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.
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."	"FXOpen is a good, reliable all-round broker with competitive pricing that will especially suit high-volume traders who can benefit from fee discounts."
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	No requotes Phone dealing News trading 600+ instruments True ECN model Scalping permitted Multiple payment methods Bonuses and trading contests Unlimited demo account Copy trading (global traders) Low minimum deposit (global traders) MT4, MT5, TradingView & TickTrader platforms
Cons
Offshore broker with weak regulatory oversight Only one proprietary platform available Limited transparency	Inactivity fee Withdrawal fees apply for some methods No access to all instruments on some accounts
Awards
	Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon Awards
Instruments
Fixed Time Trades	Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes	Yes
Minimum Deposit
$10	$1
Trading Platforms
Own	MT4 MT5 TradingView
Payment Methods
AstroPay Bitcoin Payments Doku Wallet FasaPay Flutterwave M-Pesa Neteller Perfect Money Skrill WebMoney Wire Transfer Yandex Money	Airtm Alipay Boleto Credit Card Debit Card Mastercard Netbanx Asia Neteller Skrill Trustly Visa WebMoney Wire Transfer Yandex Money
Minimum Trade
$1	0.01 Lots
Regulator
FinaCom	FCA, CySEC, ASIC
Margin Trading
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS, Android and Windows	iOS & Android
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP AUD JPY CHF HKD RUB
Stock Exchanges
	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange S&P 500
Commodities
	Gasoline Gold Oil Silver
CFD Trading
CFD trading not offered	FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution.
Leverage
	1:30 (EU), 1:500 (Global)
FTSE Spread
	0.8
GBPUSD Spread
	0.2
Oil Spread
	4.0
Stocks Spread
	N/A
Forex Trading
Forex trading not offered	FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts.
GBPUSD Spread
	0.2
EURUSD Spread
	0.2
EURGBP Spread
	0.2
Assets
	50+
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.	FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK.
Spread
Variable	Variable
Coins
BTC ETH LTC DASH	BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO
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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