Olymp Trade vs Trading 212

Olymp Trade vs Trading 212 Comparison Table 2023
Olymp Trade Review 2023	Trading 212 Review 2023
Review 1.5	Review 3.5
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.	Trading 212 is a European-regulated CFD, stock and ETF broker that also offers ISA accounts. Traders can access markets through a proprietary trading platform and speculate on the movements of 1800+ tradeable instruments including forex, stocks, ETFs and commodities.
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."	"Trading212 falls short of the standards we expect from online brokers. A subpar mobile trading app and questionable changes to margin requirements have eroded user confidence. There are better alternatives for day traders."
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	Demo account with virtual funds Portfolio copy trading functionality Low minimum deposit requirement A suite of educational resources Commission-free trading across a range of assets
Cons
Offshore broker with weak regulatory oversight Only one proprietary platform available Limited transparency	No access to MT4 or MT5 Execution-only brokerage with no managed account option Questionable operating practices and treatment of customers Some products such as options and cryptocurrency are not offered Low account and fund safety score
Instruments
Fixed Time Trades	Forex, CFDs, Indices, Shares, Commodities, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$10	$1
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 Giropay Google Wallet iDeal Mastercard PayPal Skrill Sofort Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
FinaCom	FCA, CySEC, FSC
Margin Trading
No	Yes
STP Account
No	Yes
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	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS, Android and Windows	iOS & Android
Auto Trading
	AutoInvest portfolio
Copy Trading
No	Yes
Copy Trading Platform
	Trading 212 offers a portfolio copy trading service which is user-friendly and suitable for beginners
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD	USD EUR GBP CAD SEK NOK CHF CZK
Stock Exchanges
	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group S&P 500 SIX Swiss Exchange
Commodities
	Cocoa Coffee Copper Corn Cotton Gasoline Gold Lead Livestock Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	Trade leveraged CFDs on thousands of instruments, including forex, equities, commodities, indices, bonds and futures. The selection of asset classes is decent, but the trading software, particularly the mobile app, lags behind competitors.
Leverage
	1:30
FTSE Spread
	2.5 points
GBPUSD Spread
	0.00028 pips
Oil Spread
	0.4 pips
Stocks Spread
	0.2% Var
Forex Trading
Forex trading not offered	Trade 170+ major, minor and exotic forex pairs with floating spreads and leverage up to 1:30. Forex futures are also available on some currency pairs. However the forex broker has a track record of amending margin requirements without appropriate notice.
Forex App
	Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
GBPUSD Spread
	0.00028 pips
EURUSD Spread
	0.00015 pips
EURGBP Spread
	0.00044 pips
Assets
	170+
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
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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