Olymp Trade vs IQ Option

Olymp Trade vs IQ Option Comparison Table 2023
Olymp Trade IQ Option
1.5
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Open an account with just $10. Trade via CFD over 10 Cryptocurrencies directly, traditional forex with low spreads.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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." "IQ Option is a good broker for beginners with an easy to use platform and a low minimum investment."
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
  • User-friendly platform for beginners
  • Excellent range of payment methods
  • Reliable 24/7 multilingual support
  • Access to IQ Option community
  • High payouts on binary options
  • iOS & Android compatible app
Cons
  • Offshore broker with weak regulatory oversight
  • Only one proprietary platform available
  • Limited transparency
  • €10 inactivity fee after 90 days
  • No MetaTrader 4 integration
Awards
  • Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net
  • Best Binary Broker 2021 - DayTrading.com
Instruments
Fixed Time Trades CFD, Forex, Crypto, Stocks, Digital Options
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Payment Methods
Minimum Trade
€/$1 0.001 lots
Regulator
FinaCom
Margin Trading
No Yes
Margin Rate
0.2%
MetaTrader 4
No No
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 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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS, Android and Windows iOS, Android and Windows
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 Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • ZAR
Commodities
CFD Trading
CFD trading not offered IQ Option offers highly leveraged CFDs on 6 asset classes through its award-winning platform.
Leverage
1:500
GBPUSD Spread
1
Oil Spread
2.3
Stocks Spread
2
Forex Trading
Forex trading not offered IQ Option offer forex trading on a range of currencies. Spreads are on the high side and the brand do not excel in this area.
Forex App

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 synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.

GBPUSD Spread
5 pips
EURUSD Spread
14 pips
EURGBP Spread
15 pips
Assets
250+
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. IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets.
Spread
Variable BTC 7%, ETH 12% (Var)
Coins
  • BTC
  • ETH
  • LTC
  • DASH
  • BTC
  • TRX
  • XRP
  • BCH
  • ETH
  • EOS
  • OMG
  • ETC
  • QTUM
  • ZEC
  • 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. IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low minimum deposit.
Payout
90% 91%
Expiry Times
5 seconds - 23 hours
Ladder Options
No Yes
Boundary Options
No Yes
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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