Olymp Trade vs Moomoo

Olymp Trade vs Moomoo Comparison Table 2024
Olymp Trade Moomoo
1.5
3.8

Olymp Trade was established in 2014 and now boasts over 89 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.

Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.

Customer Reviews
3.5
Comment by Reviewer
"Olymp Trade remains a good choice for beginners looking for a user-friendly bespoke platform and mobile app, plus 24/7 customer support. The $10 minimum deposit makes it easy to get started, however, the range of additional day trading tools trails competitors." "Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."
Pros
  • Short-term strategies are catered to with scalping signals and chart timeframes from 5 seconds
  • Diverse range of day trading markets including commodities, cryptos and composite indices
  • Over 10 flexible payment methods available including bank cards and Bitcoin deposits
  • Beginner-friendly blog section with analytics, trading education and market news
  • Minimum deposit and withdrawals of only $10, ideal for newer traders
  • Fixed time trades (FTT) on popular markets with payouts up to 93%
  • 24/7 customer support via the broker's hotline, email or live chat
  • Commission discounts up to 20% for experienced investors
  • It is reassuring that Moomoo holds licenses with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS), among others
  • Moomoo is a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients
  • The ‘Moomoo Token’ generates dynamic passwords for transaction security - a unique and helpful safety feature
  • Moomoo's analytics and insights are impressive and detailed compared to other brands
  • There is no minimum deposit requirement making the broker accessible for beginners
  • The broker offers access to extended pre-market trading hours
  • There are reduced options contract fees from $0.65 to $0
Cons
  • Weak regulatory oversight and offshore registration means traders will receive limited safeguards compared to top alternatives
  • Only one proprietary platform available, with no access to popular third-party software such as MT4 or cTrader
  • Commissions charged on all assets - up to 15% on standard trades and up to 10% on FTT
  • The best conditions are available only to those who can deposit at least $500
  • Very limited range of charting tools and indicators on the platform
  • Research and education trails most alternatives
  • Limited transparency on the website
  • There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
  • It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
  • There is no phone or live chat support - common options at most other brokers
Awards
  • Best Mobile Trading Platform - World Finance Awards 2021
  • Best Investment Broker - The Forex Awards 2021
  • Best FX Trading Platform - Forex Expo 2020
  • Best Trading Platform 2022 - Fintech Breakthrough
  • Best Active Trading App 2021 - Investing Simple
  • Best Trading Technology 2021 - Benzinga
  • Best Online Stock Brokers 2021 - Benzinga
Instruments
Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades Stocks, Options, ETFs, ADRs, OTCs
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • Olymp Trade Platform
  • Desktop Platform
  • Mobile App
Payment Methods
Minimum Trade
$1 $0
Regulator
VFSC SEC, FINRA, MAS, ASIC, SFC
Margin Trading
No Yes
Margin Rate
6.8
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 Yes
Mobile Apps
Android & Windows Yes (iOS & Android)
Android App Rating
3.3
iOS App Rating
4.6
Copy Trading
No No
Social Trading
No No
Trade Signals
None
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $0
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
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. CFD trading not offered
Leverage
1:2
Stocks Spread
$0 per trade
Forex Trading
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. Forex trading not offered
EURUSD Spread
1.1
Assets
30+
Currency Indices
  • USD
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
  • AVX
  • BNB
  • BCH
  • LNK
  • DOGE
  • GLM
  • SOL
  • XTZ
  • XRP
  • ADA
  • DASH
  • EOS
  • KSM
  • MAT
  • DOT
  • XLM
  • UNI
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 (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. Binary options trading not offered
Payout
93%
Expiry Times
5 seconds - 23 hours
Ladder Options
No No
Boundary Options
No No
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