eToro vs. Olymp Trade Comparison

This contrast guide aids individuals that struggle to select in between eToro and Olymp Trade to discover the best online broker for their trading and financial investment demands. It assesses the main features of the two brokers side by side to assist users contrast their service and make a notified decision.

To assist users select the ideal broker between eToro and Olymp Trade to find the best-suited system, below is a checklist of broker’s benefits and drawbacks, complied with by a comparison of their major trading functions, including trading platforms & tools, costs, mobile trading, deposit & withdrawal, possessions, policy, and customer assistance.

eToro vs. Olymp Trade: Summary

eToro logo

eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.

eToro charges 0% commission on stocks, ETFs and cryptocurrencies. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).

Their customer support is available through email and live chat in Arabic and English.

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 ($50)
  • 0% commission stocks and ETF trading
  • Easy to use mobile trading app and platforms
  • Industry leading social/copy trading app
  • Responsive customer support

Cons

  • Algorithmic trading not available
  • Forex and CFD fees above industry average
  • Education and research tools missing

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

  • Average trading fees
  • Industry leading social/copy trading tool
  • Easy buy/sell order types
  • Crypto exchange & brokerage services
  • Fast registration and KYC on-boarding process
  • Multiple payment options

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%

eToro vs. Olymp Trade Comparison

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eToro logo

eToro

Open account Read review

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

BROKER COMPARISON

eToro logo
Olymp-Trade-logo

Overall rating

4,9/5

2,9/5

Overall rating

4,9/5

2,9/5

Trading Platform & Tools

4.9

2.8

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:30 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.8

3.5

See details
Withdrawal Fee $5 0
Deposit Fee 0 0
Inactivity Fee $10 a month after one year $10 if no trades in a month
Cost Per Trade N/A 0
Cost Per Month N/A 0
Forex (EUR/USD) 1.1 pip 1.1
Stocks & ETF 0 0
CFD (Gold) 5 pip 20
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.9

2.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

4.5

See details
Minimum deposit (in UAE) $50 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

2.7

See details
Shares 2.800 0
ETF & Funds 0 0
Crypto 30 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 49 39
CFD Indices & Funds 250 21
CFD Stocks 2800 40
CFD Commodities 54 6
CFD Crypto 32 21
CFD Bonds 0 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

5.0

1.2

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

Customer Support

5.0

3.2

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

Winner

eToro vs. Olymp Trade Comparison Conclusion

The results of our contrast of eToro vs. Olymp Trade are involved the table listed below.

Broker:Best For:
eToroStocks and ETFs & Social Copy Trading
Olymp TradeBinary Options

Picking the appropriate selection in between eToro and Olymp Trade can be tough. Both online brokers have similarities but differ concerning trading instruments, systems & apps, policy, deposit & withdrawals, and study and education and learning. Picking the most effective broker relies on individuals’ trading & investment objectives, private choices, and experience level.

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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