CMC Markets vs. Olymp Trade Comparison

This contrast overview assists individuals who have a hard time to pick between CMC Markets and Olymp Trade to locate the most effective online broker for their trading and investment needs. It evaluates the highlights of both brokers side by side to help users contrast their solution and make a notified choice.

To assist individuals select the right broker in between CMC Markets and Olymp Trade to discover the best-suited platform, below is a listing of broker’s advantages and disadvantages, complied with by a comparison of their main trading functions, including trading platforms & devices, charges, mobile trading, deposit & withdrawal, assets, regulation, and customer support.

CMC Markets vs. Olymp Trade: Summary

CMC Markets logo

CMC Markets is a UK based online broker founded in 1989. It is regulated by three tier-one regulators including the FCA, ASIC and CIRO. Users can trade on over 12.500 tradable instruments including shares, forex and CFDs.

CMC Markets proprietary trading platform called Next Generation offers various advanced trading tools, an extensive education section and reliable trade execution.

CMC Markets charges low forex spreads from 0.7 pips (EUR/USD) and 0% commission. Additional bonuses and rebates for active traders makes CMC Markets a low cost broker.

CMC’s customer service is available by phone, email and live chat only 24/5 (from Sunday to Friday night).

Olymp-Trade-logo

Olymp Trade is a multinational binary options broker based in Saint Vincent and the Grenadines. It is not regulated by any tier-one regulator and is not considered safe. Users can trade on various markets, including 35 forex pairs, 12 cryptocurrencies, 10 indices, 4 metals, 2 energies, and 12 stocks. Additionally, users can invest in stocks or speculate on options.

Olymp Trade trading fees are above average compared to similar brokers from the industry, like IQ Option and AvaTrade. They charge low spreads from 0.8 pips EUR/USD and $4 commission per lot on its ECN accounts. Payouts on options are 86.5%. The broker doesn’t charge non-trading or inactivity fees.

Olymp Trade’s customer support is available through email and live chat.

Pros

  • Low minimum deposit ($0)
  • Low average spreads from 0.73 pips EUR/USD
  • Fast and reliable trade execution
  • Great research tools and educational materials
  • Bonus and rebate program

Cons

  • High stock trading fees
  • Customer service availability is limited (24/5)

Pros

  • Low minimum deposit ($10)
  • Competitive forex spreads (0.8 pips EUR/USD)
  • Compatibility with MT4 and TradingView
  • Broad range of financial instruments
  • High payouts on options (86.5%)

Cons

  • Higher account tiers come with more benefits
  • Non-transparent overnight fees and margin requirements
  • Limited advanced charting and trading tools

Key features

  • Competitive forex spreads
  • MT4 Compatibility
  • Access to 338 forex pairs and 9,000 shares
  • Comprehensive market research tools
  • Beginners and advanced trading features
  • Competitive pricing

Key features

  • Access to 65 + forex currency pairs
  • Compatibility with MT4 and TradingView
  • Zero commission stock trading
  • Wide range of available payment methods
  • Low trading fees and high binary option payouts
  • Bonuses of up to 100%

CMC Markets vs. Olymp Trade Comparison

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CMC Markets logo

CMC Markets

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65% of retail CFD accounts lose money

BROKER COMPARISON

CMC Markets logo
Olymp-Trade-logo

Overall rating

4,0/5

2,9/5

Overall rating

4,0/5

2,9/5

Trading Platform & Tools

4.2

2.8

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 500:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.7

3.5

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month £10 0
Forex (EUR/USD) 0.7 pips 1.1
Stocks & ETF 0 0
CFD (Gold) 3.4 pips 20
Crypto 0 0
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

2.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.9

4.5

See details
Minimum deposit (in UAE) 0 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.2

2.7

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 330 39
CFD Indices & Funds 98 21
CFD Stocks 9500 40
CFD Commodities 100 6
CFD Crypto 0 21
CFD Bonds 50 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

2

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.3

1.2

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

3.2

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

CMC Markets vs. Olymp Trade Comparison Conclusion

The results of our comparison of CMC Markets vs. Olymp Trade are involved the table below.

Broker:Best For:
CMC MarketsForex and CFDs
Olymp TradeBinary Options

Selecting the right choice in between CMC Markets and Olymp Trade can be difficult. Both on-line brokers have resemblances however vary concerning trading instruments, platforms & apps, regulation, deposit & withdrawals, and study and education. Choosing the very best broker depends upon customers’ trading & financial investment goals, private choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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