Olymp Trade vs Videforex

Olymp Trade vs Videforex Comparison Table 2024
Olymp Trade	Videforex
Review 1.5	Review 3.4

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.	Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
Customer Reviews
	2 Based on 2 Videforex customer reviews
Bonus Offer
	20% to 200% Deposit Bonus
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."	"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."
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	Videforex allows you to enter positions with just ¢0.01 You can easily mirror the trades of experienced investors with low fees Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent The firm facilitates both day trading and binary options which is great for those looking to diversify their portfolios Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
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	No MetaTrader 4 integration The broker isn’t overseen by a trusted regulatory agency US clients aren’t accepted due to legal restrictions
Awards
Best Mobile Trading Platform - World Finance Awards 2021 Best Investment Broker - The Forex Awards 2021 Best FX Trading Platform - Forex Expo 2020
Instruments
Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades	Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$250
Trading Platforms
Olymp Trade Platform	TradingView
Payment Methods
Bitcoin Payments Credit Card Debit Card Mastercard Neteller Perfect Money Skrill UnionPay Visa Wire Transfer	Bitcoin Payments Credit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa
Minimum Trade
$1	$0.01
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	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Android & Windows	Android
App Review
	Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.
Android App Rating
	4.4
iOS App Rating
	4.1
Auto Trading
	Yes
Copy Trading
No	Yes
Copy Trading Platform
	Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
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	Yes
Inactivity Fee
$10	$10
Islamic Account
Yes	No
Account Currencies
USD	USD EUR GBP AUD RUB
Stock Exchanges
CAC 40 Index France DAX GER 40 Index FTSE UK Index Hang Seng Japan Exchange Group Nasdaq Russell 2000 S&P 500	Dow Jones FTSE UK Index Hong Kong Stock Exchange IBEX 35 Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Gold Natural Gas Oil Platinum Precious Metals Silver	Copper Gold Oil
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.	Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Leverage
	1:500
FTSE Spread
	Floating from 0.2
GBPUSD Spread
	Floating from 0.1
Oil Spread
	Floating from 0.05
Stocks Spread
	NA
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.	Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.
GBPUSD Spread
	Floating from 0.1 pips
EURUSD Spread
1.1	Floating from 0.1 pips
EURGBP Spread
	Floating from 0.1 pips
Assets
30+	35
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.	Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
Spread
Variable	Floating
Coins
BTC ETH LTC DASH AVX BNB BCH LNK DOGE GLM SOL XTZ XRP ADA DASH EOS KSM MAT DOT XLM UNI	BTC ETH QUANT UNI SOL BNB DOGE XRP XMR MATIC USDT
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.	Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Payout
93%	98%
Expiry Times
5 seconds - 23 hours	5 seconds - 1 month
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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