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Olymp Trade vs TrioMarkets

Olymp Trade vs TrioMarkets Comparison Table 2023
Olymp Trade Review 2023 TrioMarkets Review 2023
Review
1.5
Review
3
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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.

TrioMarkets is true ECN broker established in 2014. The firm's headquarters is in Mauritius but has licensed offices in Europe and the the UAE. The brand has been recognized with global awards including the 'Most Trusted Forex Brokerage Company' from the Finance Derivative Magazine 2023.

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." "Based on my evaluations, TrioMarkets is suitable for experienced traders looking for zero-commissions, PAMM accounts or reliable VPS services. That said, I'm not a huge fan of the small asset line-up, the offshore licensing, and the lack of educational resources."
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
  • I feel reassured that clients can access the trusted MetaTrader 4 platform, which is accessible via desktop, web and mobile applications
  • It's good to see that the broker offers a VPS, social trading, PAMM/MAM accounts and FXI API trading tools designed to enhance the overall experience
  • I like that there's a choice of four account types with access to all instruments and competitive pricing
  • I'm a fan of the true ECN execution model with no rejections or dealing desk intervention
Cons
  • Offshore broker with weak regulatory oversight
  • Only one proprietary platform available
  • Limited transparency
  • I'm disappointed by the small product line-up of only 130+ instruments - much less than most brokers I review
  • It's a shame that the broker only offers the MetaTrader 4 trading terminal, with no bespoke software or alternative options
  • I'm a little hesitant that the global entity is regulated offshore by the Financial Services Commission (Mauritius)
  • I'm not thrilled that withdrawal fees apply for some payment methods
  • There is limited educational content available and I also noticed that much of the market news is outdated
Instruments
Fixed Time Trades Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Trading Platforms
  • Own
  • MT4
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
FinaCom FSC
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No Yes
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
Yes
Copy Trading
No Yes
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 TrioMarkets offers a poor total selection of 130+ CFDs on the MT4 terminal. The Basic Account offers commission-free trading with average spreads of 2.4 pips, which is not very competitive compared to alternatives.
Leverage
1:30
FTSE Spread
0.8
GBPUSD Spread
From 0.00002
Oil Spread
0.03
Stocks Spread
N/A
Forex Trading
Forex trading not offered My tests found a decent range of 60+ major, minor and exotic currency pairs including EUR/USD and USD/JPY on the MT4 terminal. You can benefit from no dealing desk intervention and leverage up to 1:500.
GBPUSD Spread
From 0.00002
EURUSD Spread
From 0.0
EURGBP Spread
From 0.00002
Assets
63
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. There are only 4 popular crypto CFDs available; BTC, ETH, LTC and XRP with 1:2 leverage. This is definitely one of the smallest ranges of cryptos I have seen so I think dedicated crypto traders may want to consider other options.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • DASH
  • BTC
  • ETH
  • LTC
  • XRP
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
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