Your capital is at risk. Trade only with funds you can afford to lose.
XM
#1 in our CFD broker rankings
Accepts traders from Armenia
Rating breakdown
- Regulation & trust4.51.5 higher than Olymp Trade (3.0)
- Assets & markets4.51.0 higher than Olymp Trade (3.5)
- Fees & costs4.01.2 higher than Olymp Trade (2.8)
- Platforms & tools4.80.5 higher than Olymp Trade (4.3)
- Accounts & banking4.51.0 higher than Olymp Trade (3.5)
- Education4.80.5 higher than Olymp Trade (4.3)
- Research4.30.9 higher than Olymp Trade (3.4)
- Customer support4.90.6 higher than Olymp Trade (4.3)
Olymp Trade’s score. Numbers show the difference.
Olymp Trade
#7 in our binary options broker rankings
Accepts traders from Armenia
Rating breakdown
- Regulation & trust3.01.5 lower than XM (4.5)
- Assets & markets3.51.0 lower than XM (4.5)
- Fees & costs2.81.2 lower than XM (4.0)
- Platforms & tools4.30.5 lower than XM (4.8)
- Accounts & banking3.51.0 lower than XM (4.5)
- Education4.30.5 lower than XM (4.8)
- Research3.40.9 lower than XM (4.3)
- Customer support4.30.6 lower than XM (4.9)
XM’s score. Numbers show the difference.
| XM | Olymp Trade | |
|---|---|---|
| Overview | XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades. | Olymptrade was established in 2014 and now boasts over 88 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. |
| Customer Reviews | Based on 53 customer reviews | Based on 9 customer reviews |
| Trustpilot Score | ||
| Bonus Offer | $30 No Deposit Bonus, 100% Deposit Bonus | 100% Deposit Bonus |
| Promotions | – | |
| Comment by Reviewer | “With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years.” | “OlympTrade is built for short-term traders with contracts from just 5 seconds and fast execution. It also stands out as one of the few fixed time trade brokers to offer trading on ETFs, plus composite indexes, while its customer support excelled during testing, especially on live chat, where we got responses of under 1 minute. The trade-off is weak regulatory oversight making it higher risk.” |
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| Instruments | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades |
| Demo Account | Yes | Yes |
| Minimum Deposit | $5 | $10 |
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| Minimum Trade | 0.01 Lots | $1 |
| Regulator | CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE | VFSC |
| Margin Trading | Yes | No |
| STP Account | Yes | 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 | Yes | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | No |
| Mobile Apps | iOS, Android & Windows | Android (plus APK), iOS (plus progressive web app) |
| App Review | XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1,400+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand. | – |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | Expert Advisors (EAs) on MetaTrader | – |
| Copy Trading | Yes | No |
| Copy Trading Platform | XM offers copy trading through its intuitive app with exclusive crypto pairs. XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account. | – |
| Social Trading | Yes | No |
| Trade Signals | Yes | – |
| VPS Hosting | Yes | No |
| Tournaments | Yes | No |
| Demo Competitions | Yes | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $5 | $10 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | XM delivers for CFD traders with flexible leverage and a huge range of markets, including bespoke thematic indices for exposure to popular sectors like artificial intelligence. The MT4/MT5 platforms are also fast and dependable while a free VPS is available to qualifying XM traders running algo trading strategies. | 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. |
| Leverage | 1:1000 | – |
| FTSE Spread | 1.4 | – |
| GBPUSD Spread | 0.8 | – |
| Oil Spread | 0.03 | – |
| Stocks Spread | 1.79 (Apple) | – |
| Forex Trading | ||
| Overview | XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.6 pips on the EUR/USD in the commission-free account. | 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. |
| GBPUSD Spread | 0.8 | – |
| EURUSD Spread | 0.8 | 1.1 |
| EURGBP Spread | 1.5 | – |
| Assets | 55+ | 30+ |
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| Cryptocurrency | ||
| Overview | XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with very high leverage up to 1:500, amplifying potential returns but also losses. You can day trade major tokens like Bitcoin, Ethereum and Ripple, though the suite of tokens trails the 100+ crypto derivatives at some category leaders. | 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 | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Binary options trading not offered | 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. |
| Payout | – | 93% (110% on InZone contracts) |
| Expiry Times | – | 5 seconds - 23 hours |
| Ladder Options | No | No |
| Boundary Options | No | No |