FXCM vs. Olymp Trade Comparison

This comparison overview helps users that battle to choose in between FXCM and Olymp Trade to locate the most effective online broker for their trading and investment needs. It analyzes the main features of the two brokers alongside to help customers contrast their solution and make an educated choice.

To aid customers pick the ideal broker in between FXCM and Olymp Trade to discover the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, adhered to by a contrast of their primary trading functions, consisting of trading platforms & devices, costs, mobile trading, down payment & withdrawal, possessions, guideline, and customer assistance.

FXCM vs. Olymp Trade: Summary

FXCM logo

FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.

FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.

FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.

FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.

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)
  • Average forex spread and 0% commission
  • Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
  • Detailed Trade execution reports (execution quality and slippage)
  • Feature rich mobile apps

Cons

  • Low amount of trading instruments
  • Relatively high trading and other fees

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

  • Over 400 CFDs across various markets
  • Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
  • Multiple order types availability
  • TradingView integration
  • Support for advanced, algorithmic, and copy trading
  • Regulated by 4 tier-one regulators

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%

FXCM vs. Olymp Trade Comparison

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FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

FXCM logo
Olymp-Trade-logo

Overall rating

4,0/5

2,9/5

Overall rating

4,0/5

2,9/5

Trading Platform & Tools

4.7

2.8

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:400 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.4

3.5

See details
Withdrawal Fee $40 0
Deposit Fee 0 0
Inactivity Fee $50 per year after 12 months $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips 1.1
Stocks & ETF 0 0
CFD (Gold) 0.5 pips 20
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

2.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.5

4.5

See details
Minimum deposit (in UAE) $300 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.0

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 45 39
CFD Indices & Funds 15 21
CFD Stocks 219 40
CFD Commodities 12 6
CFD Crypto 7 21
CFD Bonds 1 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

4.5

3.2

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

Winner

FXCM vs. Olymp Trade Comparison Conclusion

The results of our comparison of FXCM vs. Olymp Trade are involved the table listed below.

Broker:Best For:
FXCMForex and CFDs; Algorithmic trading
Olymp TradeBinary Options

Choosing the right option between FXCM and Olymp Trade can be challenging. Both online brokers have similarities yet differ regarding trading instruments, systems & applications, regulation, deposit & withdrawals, and research study and education and learning. Picking the most effective broker relies on customers’ trading & financial investment goals, individual preferences, 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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