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Olymp Trade
#6 in our binary options broker rankings
Accepts traders from Nepal
Rating breakdown
- Regulation & trust3.01.0 higher than Pocket Option (2.0)
- Assets & markets3.51.0 higher than Pocket Option (2.5)
- Fees & costs2.80.7 lower than Pocket Option (3.5)
- Platforms & tools4.31.0 higher than Pocket Option (3.3)
- Accounts & banking3.5same as Pocket Option (3.5)
- Education4.30.8 higher than Pocket Option (3.5)
- Research3.40.4 higher than Pocket Option (3.0)
- Customer support4.31.0 higher than Pocket Option (3.3)
Pocket Option’s score. Numbers show the difference.
Pocket Option
#1 in our binary options broker rankings
Accepts traders from Nepal
Rating breakdown
- Regulation & trust2.01.0 lower than Olymp Trade (3.0)
- Assets & markets2.51.0 lower than Olymp Trade (3.5)
- Fees & costs3.50.7 higher than Olymp Trade (2.8)
- Platforms & tools3.31.0 lower than Olymp Trade (4.3)
- Accounts & banking3.5same as Olymp Trade (3.5)
- Education3.50.8 lower than Olymp Trade (4.3)
- Research3.00.4 lower than Olymp Trade (3.4)
- Customer support3.31.0 lower than Olymp Trade (4.3)
Olymp Trade’s score. Numbers show the difference.
| Olymp Trade | Pocket 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. | Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders. |
| Customer Reviews | Based on 9 customer reviews | Based on 23 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | 100% Deposit Bonus | 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.” | “Pocket Option stands out as one of the best binary brokers for active traders owing to its now industry-leading range of binary assets and frequent platform upgrades, including ‘AI Trading’ and a wider suite of expiry times, ranging from just 3 seconds up to 4 hours for short-term traders.” |
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| Awards | – |
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| Instruments | Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $5 |
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| Payment Methods | ||
| Minimum Trade | $1 | $1 |
| Regulator | VFSC | – |
| 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 | Yes |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | No |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | No | Yes |
| Mobile Apps | Android (plus APK), iOS (plus progressive web app) | Android (plus APK), iOS via mobile web trader and progressive web app |
| App Review | – | Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience. |
| Android App Rating | ||
| iOS App Rating | – | |
| Auto Trading | – | Yes |
| Copy Trading | No | Yes |
| Copy Trading Platform | – | Pocket Option hosts a user-friendly social trading service. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. The social trading solution is also available 24/7 and has active community chats. Tip: check the number of trades made and profit generated over several months rather than comparing providers over a few days. |
| Social Trading | No | Yes |
| Trade Signals | – | Yes |
| 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 | $0 |
| Islamic Account | Yes | Yes |
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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. | CFD trading not offered |
| 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. | Binary and OTC options can be purchased on 40+ currency pairs, with 55+ currency pairs available if you deposit $1000. Typical payouts are reasonable at 81% and the $1 minimum trade makes the broker accessible to new forex traders. There is also access to the MT4 and MT5 platforms for experienced forex traders. |
| GBPUSD Spread | – | N/A |
| EURUSD Spread | 1.1 | N/A |
| EURGBP Spread | – | N/A |
| Assets | 30+ | 55+ |
| 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. | Pocket Option has a strong crypto offering with popular tokens like Bitcoin, Dogecoin and Litecoin. It’s also one of the only binary brokers we’ve seen to offer a Bitcoin ETF. The payouts up to 92% on cryptos like Bitcoin are also excellent, and a step up from the payouts that were closer to 15% during our previous round of tests. |
| Spread | Variable | N/A |
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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. | Pocket Option offers ultra-short-term binaries from 3 seconds on one of the simplest web platforms for beginners. Typical payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. |
| Payout | 93% (110% on InZone contracts) | 92% (218% on accumulator Express Trades) |
| Expiry Times | 5 seconds - 23 hours | 3 seconds - 4 hours |
| Ladder Options | No | No |
| Boundary Options | No | No |