Quotex vs Olymp Trade
vs
| Quotex | Olymp Trade |
|---|---|
4.4
|
1.5
|
 Traders from US not accepted
|
Traders from US not accepted
|
|
Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries. |
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. |
| Customer Reviews | |
|
4.4
Based on 16 Quotex customer reviews
|
|
| Bonus Offer | |
| 30% Deposit Bonus | |
| Comment by Reviewer | |
| "Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks." | "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." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| Digital Options on Stocks, Indices, Forex, Commodities, Cryptos | Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $10 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| $1 | $1 |
| Regulator | |
| VFSC | |
| 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 | |
| iOS & Android | Android & Windows |
| App Review | |
Quotex offers a fully-featured trading app that’s packed with helpful tools, from dynamic charting to in-built signals. It follows the same user-friendly design as the desktop platform, ensuring a smooth transition whether you’re trading from a computer, tablet or mobile device. And with over 1 million downloads and at least 4/5 on the Apple App Store and Google Play Store, it’s proven popular with all types of mobile traders. |
|
| Android App Rating | |
4.1 |
|
| iOS App Rating | |
4.2 |
|
| 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 | $10 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
|
|
| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | 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. |
| 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 reasonable, climbing to over 80% on the EUR/USD during testing. | 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 | |
| N/A | |
| EURUSD Spread | |
| N/A | 1.1 |
| EURGBP Spread | |
| N/A | |
| Assets | |
| 20+ | 30+ |
| Currency Indices | |
|
|
| Cryptocurrency | |
| Quotex only offers binary options trading on a handful of cryptos. Yet while the range of digital currencies is narrow, there are leading tokens, including Bitcoin, Litecoin and Ethereum. Payouts on cryptocurrencies are also above average based on routine tests. | 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 | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Quotex continues its streak near the top of the industry with ultra-short-term binaries on hundreds of assets. The binary broker provides a web platform that delivers a terrific user experience with a clean design, multiple charting styles, dozens of indicators and daily signals. | 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 | |
| 98% | 93% |
| Expiry Times | |
| 5 seconds - 4 hours | 5 seconds - 23 hours |
| Ladder Options | |
| No | No |
| Boundary Options | |
| No | No |
|
|
|