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Olymp Trade
Doesn't accept traders from US. See available binary options brokers
Not available in your countryRead Olymp Trade review
Rating breakdown
- Regulation & trust3.0same as IQ Option (3.0)
- Assets & markets3.5same as IQ Option (3.5)
- Fees & costs2.80.2 lower than IQ Option (3.0)
- Platforms & tools4.31.0 higher than IQ Option (3.3)
- Accounts & banking3.50.5 higher than IQ Option (3.0)
- Education4.31.8 higher than IQ Option (2.5)
- Research3.42.6 higher than IQ Option (0.8)
- Customer support4.31.3 higher than IQ Option (3.0)
IQ Option’s score. Numbers show the difference.
IQ Option
Doesn't accept traders from US. See available binary options brokers
Not available in your countryRead IQ Option review
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Rating breakdown
- Regulation & trust3.0same as Olymp Trade (3.0)
- Assets & markets3.5same as Olymp Trade (3.5)
- Fees & costs3.00.2 higher than Olymp Trade (2.8)
- Platforms & tools3.31.0 lower than Olymp Trade (4.3)
- Accounts & banking3.00.5 lower than Olymp Trade (3.5)
- Education2.51.8 lower than Olymp Trade (4.3)
- Research0.82.6 lower than Olymp Trade (3.4)
- Customer support3.01.3 lower than Olymp Trade (4.3)
Olymp Trade’s score. Numbers show the difference.
| Olymp Trade | IQ Option | |
|---|---|---|
| Overview | Olymptrade was established in 2014 and now boasts over 88 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. | IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10. |
| Customer Reviews | Based on 9 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | 100% Deposit Bonus | – |
| Comment by Reviewer | “OlympTrade is built for short-term traders with contracts from just 5 seconds and fast execution. It also stands out as one of the few fixed time trade brokers to offer trading on ETFs, plus composite indexes, while its customer support excelled during testing, especially on live chat, where we got responses of under 1 minute. The trade-off is weak regulatory oversight making it higher risk.” | “After a raft of upgrades, including FX options, multipliers, added indicators and longer expiries - IQ Option is best suited to active short-term traders who want a user-friendly, fast platform for digital options alongside CFDs and multipliers in one place. With a track record stretching back to 2013, it's also one of the most established binary providers.” |
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| Awards | – |
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| Instruments | Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $10 |
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| Payment Methods | ||
| Minimum Trade | $1 | 0.001 Lots |
| Regulator | VFSC | CySEC |
| Margin Trading | No | Yes |
| Margin Rate | – | 0.2% |
| 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 | Yes | Yes |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | No | No |
| Mobile Apps | Android (plus APK), iOS (plus progressive web app) | Android (plus APK), iOS (plus progressive web app) |
| App Review | – | IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless. |
| Android App Rating | ||
| iOS App Rating | ||
| 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 |
| Inactivity Fee | $10 | €10 (or equivalent) |
| Islamic Account | Yes | Yes |
| Account Currencies |
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| Stock Exchanges | ||
| Commodities | ||
| CFD Trading | ||
| Overview | 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. | IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available depends on your location (1:30 in EU, 1:500 globally), but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform. |
| Leverage | – | 1:500 |
| GBPUSD Spread | – | 1 |
| Oil Spread | – | 2.3 |
| Stocks Spread | – | 2 |
| Forex Trading | ||
| Overview | 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. | IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area. |
| GBPUSD Spread | – | 5 pips |
| EURUSD Spread | 1.1 | 14 pips |
| EURGBP Spread | – | 15 pips |
| Assets | 30+ | 60+ |
| Currency Indices |
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| Cryptocurrency | ||
| Overview | 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. | IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software. |
| Spread | Variable | BTC 7%, ETH 12% (Var) |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | 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. | IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+. |
| Payout | 93% (110% on InZone contracts) | 95% |
| Expiry Times | 5 seconds - 23 hours | 60 seconds - 1 month |
| Ladder Options | No | Yes |
| Boundary Options | No | Yes |
Not available in your countryRead Olymp Trade review