Olymp Trade vs IQ Option

Olymp Trade vs IQ Option Comparison Table 2024
Olymp Trade	IQ Option
Review 1.5	Review 4
Traders from US not accepted See available binary options brokers	Traders from US not accepted See available binary options brokers
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.	IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.
	RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Customer Reviews
	5 Based on 1 IQ Option customer reviews
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."	"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."
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	User-friendly platform for beginners Excellent range of payment methods Reliable 24/7 multilingual support Access to IQ Option community High payouts on binary options iOS & Android compatible app
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	€10 inactivity fee after 90 days No MetaTrader 4 integration
Awards
Best Mobile Trading Platform - World Finance Awards 2021 Best Investment Broker - The Forex Awards 2021 Best FX Trading Platform - Forex Expo 2020	Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com
Instruments
Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades	CFD, Forex, Crypto, Stocks, Digital Options
Demo Account
Yes	Yes
Minimum Deposit
$10	$10
Trading Platforms
Olymp Trade Platform	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card Mastercard Neteller Perfect Money Skrill UnionPay Visa Wire Transfer	Volet Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money
Minimum Trade
$1	0.001 Lots
Regulator
VFSC
Margin Trading
No	Yes
Margin Rate
	0.2%
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	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
Android & Windows	iOS, Android and Windows
App Review
	IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless.
Android App Rating
	4.2
iOS App Rating
	4.3
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP ZAR
Stock Exchanges
CAC 40 Index France DAX GER 40 Index FTSE UK Index Hang Seng Japan Exchange Group Nasdaq Russell 2000 S&P 500	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
Gold Natural Gas Oil Platinum Precious Metals Silver	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.	IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform.
Leverage
	1:500
GBPUSD Spread
	1
Oil Spread
	2.3
Stocks Spread
	2
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.	IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.
Forex App
	IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.
GBPUSD Spread
	5 pips
EURUSD Spread
1.1	14 pips
EURGBP Spread
	15 pips
Assets
30+	60+
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.	IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software.
Spread
Variable	BTC 7%, ETH 12% (Var)
Coins
BTC ETH LTC DASH AVX BNB BCH LNK DOGE GLM SOL XTZ XRP ADA DASH EOS KSM MAT DOT XLM UNI	BTC TRX XRP BCH ETH EOS OMG ETC QTUM ZEC LTC DASH
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.	IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+.
Payout
93%	91%
Expiry Times
5 seconds - 23 hours
Ladder Options
No	Yes
Boundary Options
No	Yes

Review	Review
	RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK