Forex.com vs. Olymp Trade Comparison

This contrast guide helps individuals who struggle to pick between Forex.com and Olymp Trade to discover the best online broker for their trading and financial investment requirements. It evaluates the main features of the two brokers side by side to assist users contrast their solution and make an informed choice.

To aid users choose the best broker in between Forex.com and Olymp Trade to find the best-suited platform, listed below is a list of broker’s advantages and disadvantages, followed by a contrast of their major trading functions, including trading systems & devices, costs, mobile trading, deposit & withdrawal, assets, guideline, and client assistance.

Forex.com vs. Olymp Trade: Summary

Forex.com logo

Forex.com a reputable forex and CFD broker regulated by 7 tier–one regulators. They offer access to 5500+ tradable symbols across various markets including forex, stocks, cryptos and CFDs. Forex.com also offers a wide range of proprietary platforms with access to advanced charting features through TradingView, social trading tools and MT4 integration.

Forex.com trading fees are with an average spread of 1.1 pips (EUR/USD) above industry average.

Forex.com customer support is available 24/7 via email, phone and live chat. Their exceptional educational resources, great market research and ease of use make this broker a good choice for beginners and intermediate traders.

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 ($100)
  • Low average spread from 0.74 pips EUR/USD
  • Advanced charting features and performance analytics
  • Award Winning Mobile trading app
  • Professional customer support

Cons

  • Educational videos are missing
  • MT5 available outside of US only
  • Limited assets available on MT5

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 trading fees
  • Compatibility with MT4 and MT5
  • 5500 tradable symbols and 4550 CFDs overall
  • Award winning mobile trading app
  • Advanced charting and performance analytics available
  • Great combination of ease of use and personal customisation

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%

Forex.com vs. Olymp Trade Comparison

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Forex.com logo

Forex.com

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BROKER COMPARISON

Forex.com logo
Olymp-Trade-logo

Overall rating

4,4/5

2,9/5

Overall rating

4,4/5

2,9/5

Trading Platform & Tools

4.6

2.8

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 500:1
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 $15 per month (after 12 months) $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.8 pips 1.1
Stocks & ETF 0 + spread 0
CFD (Gold) 0.8 20
Crypto 0 0
Options 0 0
Conversion Fees 0.50% 0
Misc. Fees 0 0
Overnight Fees 2.50%

Mobile Trading

5.0

2.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

4.5

See details
Minimum deposit (in UAE) $100 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.1

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 91 39
CFD Indices & Funds 17 21
CFD Stocks 9500 40
CFD Commodities 22 6
CFD Crypto 8 21
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

4.0

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

Forex.com vs. Olymp Trade Comparison Conclusion

The outcomes of our comparison of Forex.com vs. Olymp Trade are involved the table below.

Broker:Best For:
Forex.comForex and CFD trading and MT4
Olymp TradeBinary Options

Choosing the right selection between Forex.com and Olymp Trade can be difficult. Both online brokers have resemblances but differ regarding trading tools, platforms & apps, regulation, down payment & withdrawals, and research and education and learning. Picking the very best broker relies on individuals’ trading & financial investment objectives, specific 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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