Olymp Trade vs LBLV

Olymp Trade vs LBLV Comparison Table 2023
Olymp Trade Review 2023 LBLV Review 2023
1.5
0.5
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.

LBLV is an offshore forex and CFD broker offering 1400+ financial instruments and a range of high-deposit accounts. Founded in 2017, the brokerage claims to offer competitive fees, fast execution and advanced resources, though the weak regulatory status makes the broker less reliable than regulated alternatives.

Bonus Offer
30% deposit bonus
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 LBLV for experienced traders willing to deposit at least $5000 with this offshore broker to access high leverage up to 1:400 and tight spreads."
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
  • Over 1,400 instruments available across multiple markets, including stocks and crypto
  • Helpful economic calendar with useful filters including time zone and impact score
  • High leverage up to 1:400, ideal for active day traders
  • Advanced MetaTrader 5 platform
  • Tight spreads on forex assets
Cons
  • Offshore broker with weak regulatory oversight
  • Only one proprietary platform available
  • Limited transparency
  • Unverifiable information on the website and lack of transparency
  • Poor regulation with limited evidence of client protection
  • Very high minimum deposit starting from $5000
  • Poor customer service with no live chat
  • US traders not accepted
Instruments
Fixed Time Trades Forex, CFDs, indices, shares, commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $5000
Trading Platforms
  • Own
  • MT5
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
FinaCom FSA (Seychelles)
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
iOS, Android and Windows Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
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
Commodities
CFD Trading
CFD trading not offered CFDs are available on key asset classes with high leverage up to 1:400. You can also access the broker's platform on multiple devices, though we are disappointed with the lack of additional trading tools and research.
Leverage
1:400
FTSE Spread
Vairable
GBPUSD Spread
0.3
Oil Spread
Variable
Stocks Spread
Variable
Forex Trading
Forex trading not offered LBLV offers major and minor pairs but fails to offer prospective clients any transparency on forex spreads and fees. Beginners will also struggle to access the high-deposit forex trading accounts.
GBPUSD Spread
0.3
EURUSD Spread
0.3
EURGBP Spread
0.3
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. Go long or short on a handful of popular cryptos, including Bitcoin. However, the suite of digital tokens is limited vs alternatives so we don't recommend LBLV for dedicated crypto traders.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • DASH
  • BTC
  • ETH
  • XRP
  • ADA
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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