Olymp Trade vs Plus500

Olymp Trade vs Plus500 Comparison Table 2023
Olymp Trade Review 2023	Plus500 Review 2023
Review 1.5	Review 4.1
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.	Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker holds multiple licenses from reputable regulators, including in the UK, Europe and Australia.
	82% of retail CFD accounts lose money.
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."	"Plus500 is a great option for CFD traders seeking a trustworthy broker with extensive market access, low fees and a reliable trading platform."
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 commissions and tight spreads on over 2,800 instruments across forex, shares, indices, commodities, options and ETFs Premium service for professional traders with added benefits including external webinars, expert analysis and a dedicated client manager ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment Excellent reputation with 24 million clients worldwide and licensed in multiple jurisdictions Reliable 24/7 customer support via email, telephone, live chat and WhatsApp Excellent risk management tools including guaranteed stop loss orders Authorized by tier-one regulators including the FCA
Cons
Offshore broker with weak regulatory oversight Only one proprietary platform available Limited transparency	No MetaTrader 4 integration $10 monthly inactivity fee No copy trading
Awards
	Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com
Instruments
Fixed Time Trades	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Trading Platforms
Own	Own
Payment Methods
AstroPay Bitcoin Payments Doku Wallet FasaPay Flutterwave M-Pesa Neteller Perfect Money Skrill WebMoney Wire Transfer Yandex Money	Apple Pay Credit Card Debit Card Google Wallet Mastercard PayPal POLi Skrill Swift Trustly Visa Wire Transfer
Minimum Trade
$1	Variable
Regulator
FinaCom	FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Margin Trading
No	Yes
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	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$10
Islamic Account
Yes	No
Account Currencies
USD	USD EUR GBP AUD ZAR CZK
Stock Exchanges
	Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext London Stock Exchange SIX Swiss Exchange
Commodities
	Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Livestock Oil Platinum Silver Soybeans Steel Sugar
CFD Trading
CFD trading not offered	Commission-free CFDs span an excellent range of markets. Traders can go long or short on popular assets with variable leverage and competitive spreads.
Leverage
	1:30
FTSE Spread
	1.8
GBPUSD Spread
	1.1
Oil Spread
	0.04
Stocks Spread
	0.08
Forex Trading
Forex trading not offered	Plus500 offers forex trading via CFDs with tight, variable spreads and an impressive range of over 70 currency pairs.
Forex App
	Plus500 have developed their mobile apps to match the WebTrader online platform . Secure, reliable and uncomplicated, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
GBPUSD Spread
	1.1
EURUSD Spread
	0.6
EURGBP Spread
	1.4
Assets
	70+
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	Variable
Coins
BTC ETH LTC DASH	BCH BTC ETH LTC XRP IOTA NEO EOS XMR
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

Review	Review
	82% of retail CFD accounts lose money.
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