Orbex vs Olymp Trade

Orbex vs Olymp Trade Comparison Table 2024
Orbex Olymp Trade
2.4
1.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Founded in 2011, Orbex is an award-winning offshore forex and CFD broker, licensed in Mauritius and the Seychelles. This NDD broker aims to provide clients with transparency, security and market-leading technology. With low trading costs, PAMM accounts and vast education resources, this broker is a popular choice among beginners and expert traders.

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.

Comment by Reviewer
"Orbex is a top choice for Gulf Region traders looking for award-winning multilingual customer support and the locally supplied prepaid card, or beginners looking to invest through PAMM accounts." "Olymp Trade is a good option for beginners looking for access to popular financial markets, 24/7 support, and a user-friendly trading platform."
Pros
  • Access additional trading tools to help you make informed decisions, including integrated Trading Central analysis and a free VPS
  • Excellent monthly webinars aimed at various experience levels plus comprehensive educational hub
  • 24/5 multilingual customer support via telephone, email and live chat
  • Instant deposits and withdrawals via the secure Orbex wallet, with no fees
  • Orbex prepaid card and mobile app allows you to fund, trade and transfer directly from your wallet
  • Member of the Investor Compensation Fund to compensate clients if the broker fails to meet its obligations
  • 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
Cons
  • Prepaid card only available to clients in the Gulf Region and Palestine
  • No copy trading solution
  • No top-tier regulation
  • Offshore broker with weak regulatory oversight
  • Only one proprietary platform available
  • Limited transparency
Awards
  • Best FX Broker Europe 2020 - Global Banking & Finance Review
  • Best FX Broker Mena 2020 - Global Banking & Financing Review
  • Best Forex Broker 2019 - Global Banking & Finance Review
  • Best Trading Education Provider 2018
Instruments
Forex, CFDs, indices, commodities, futures Fixed Time Trades
Demo Account
Yes Yes
Minimum Deposit
$200 $10
Trading Platforms
  • MT4
  • TradingCentral
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
CySEC, BaFin, FSC (Mauritius) FinaCom
Margin Trading
No No
STP Account
No No
ECN Account
Yes 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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes iOS, Android and Windows
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
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
Go long or short on CFDs across key asset classes. Traders can choose between the powerful MT4 or MT5 platforms and conduct comprehensive analysis using the pre-included charting tools and Expert Advisors. CFD trading not offered
Leverage
1:500
FTSE Spread
1.5
GBPUSD Spread
From 0
Oil Spread
1.8
Stocks Spread
Variable
Forex Trading
Orbex offers 44 currency pairs with minimum spreads from 1.5 pips in the standard account, which is not as competitive as other brands. On the plus side, some traders will be pleased to see high leverage up to 1:500. Forex trading not offered
GBPUSD Spread
From 0
EURUSD Spread
From 0
EURGBP Spread
From 0.5
Assets
44
Cryptocurrency
Crypto trading not offered 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.
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
Binary options trading not offered 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.
Payout
90%
Expiry Times
5 seconds - 23 hours
Ladder Options
No No
Boundary Options
No No
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