Quotex vs Olymp Trade

Quotex vs Olymp Trade Comparison Table 2023
Quotex Olymp Trade
4.4
1.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Quotex is a binary options broker founded in 2019 and based offshore in St. Vincent and Grenadines. Over 400 digital options are available covering currencies, commodities, stocks and crypto. Binary contracts span 5 seconds to 4 hours with high payouts of 95%+ depending on market conditions.

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.

Bonus Offer
30% Deposit Bonus
Comment by Reviewer
"Quotex is best for making short-term bets on popular markets. The payouts up to 98% are above average and the platform is easy to use. That said, the lack of regulatory oversight, education and weak support are drawbacks." "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
  • Quotex is excellent for short-term binary trading with turbo contracts from 5 seconds
  • Account funding is straightforward thanks to the wide range of payment methods and zero fees
  • The platform delivers a superb user experience with a strong charting package
  • The $10 starting deposit and $1 minimum stake make Quotex.io great for beginners
  • Daily signals are useful for finding opportunities
  • 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
  • Quotex is unregulated, which means traders receive limited safeguards
  • Despite advertised payouts of up to 98%, testing shows average payouts trail best-in-class broker Pocket Option
  • There is no copy trading, which could support new traders looking to learn from experienced investors
  • Customer support was weak during testing with no live chat and slow response times
  • Quotex trails industry leaders when it comes to education and market research
  • Offshore broker with weak regulatory oversight
  • Only one proprietary platform available
  • Limited transparency
Instruments
Digital Options on Stocks, Indices, Forex, Commodities, Cryptos Fixed Time Trades
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Trading Platforms
  • Web Platform
  • Mobile App
  • Own
Payment Methods
Minimum Trade
$1 $1
Regulator
None FinaCom
Margin Trading
No No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Android iOS, Android and Windows
Auto Trading
No
Copy Trading
No No
Social Trading
No No
Trade Signals
Daily Trading Signals
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • INR
  • JPY
  • MYR
  • IDR
  • RUB
  • BRL
  • NGN
  • THB
  • VND
  • UAH
  • USD
Stock Exchanges
Commodities
Forex Trading
You can trade binaries on 20+ currency pairs including majors, minors and exotics. This is a smaller range of forex assets than leading competitors but payouts are decent, climbing to over 80% on the EUR/USD. Forex trading not offered
GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
20+
Cryptocurrency
Quotex offers binary options trading on a handful of cryptos. While the range of digital currencies is narrow, there are leading tokens, including Bitcoin, Litecoin and Ethereum. Payouts on cryptocurrencies are also above average. 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
N/A Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • ETH
  • LTC
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Quotex offers ultra-short-term binaries on hundreds of assets with up/down contracts that expire between 5 seconds and 4 hours. The broker provides an intuitive web platform, with multiple charting styles, dozens of indicators and daily trading signals. 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
98% 90%
Expiry Times
5 seconds - 4 hours 5 seconds - 23 hours
Ladder Options
No No
Boundary Options
No No
More Comparisons
Quotex
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Olymp Trade
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