Interactive Brokers vs. Olymp Trade Comparison

This comparison guide assists individuals that struggle to select between Interactive Brokers and Olymp Trade to locate the best online broker for their trading and financial investment demands. It analyzes the highlights of both brokers alongside to aid customers compare their service and make a notified choice.

To aid individuals pick the ideal broker in between Interactive Brokers and Olymp Trade to discover the best-suited platform, listed below is a checklist of broker’s advantages and disadvantages, followed by a comparison of their primary trading functions, including trading systems & tools, charges, mobile trading, down payment & withdrawal, possessions, law, and customer assistance.

Interactive Brokers vs. Olymp Trade: Summary

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

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)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials 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

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

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%

Interactive Brokers vs. Olymp Trade Comparison

Select up to 3 Brokers

24Option
ActivTrades
Admiral Markets
ADSS
Ally Invest
Alpaca Markets
Alpari
Alvexo
Amana Capital
AMP Futures
AMP Global
ARMO Broker
AVAtrade
Axi
Axiory
Ayrex
Binary.com
BinaryCent
Binomo
BlackBull Markets
Brokerpoint
Capex (Ex. CFD Global)
Capital.com
Capitalize.ai
Captrader
Charles Schwab
ChoiceTrade
City Index
CMC Markets
Comdirect
Davy Select
Degiro
Dukascopy
E-Trade
EasyEquities
Eightcap
eOption
eToro
ETX Capital
ExpertOption
FBS
Fidelity
FinmaxFX
Finq.com
Firstrade
Flatex
Forex.com
FP Markets
Fusion Markets
FX Trading
FXCM
FXPro
FXTM
GoMarkets
HF Markets
HYCM
IC Markets
IG Trading
Interactive Brokers
Internaxx
IQ Option
IQCent
IronFX
Libertex
Lightspeed
LiteFinance
Magnifi
Markets.com
Merrill Edge
MEXEM
Moneta Markets
Multibank
Naga
Next Markets
Ninja Trader
Oanda
OctaFX
Olymp Trade
OneRoyal
Optimus Futures
OptionRobot.com
Passfolio
Pepperstone
Plus500
Pocket Option
Questrade
RaceOption
Rakuten Securities
Revolut
Robinhood
RoboForex
Sarwa
Saxo Bank
Skilling
SogoTrade
Spreadex
Swissquote
Tastytrade
TD Ameritrade
ThinkMarkets
Tickmill
TMGM
Toroption
Trade Ideas
Trade Nation
TradeStation
Trading212
TrendSpider
Vantage
Vestinda
VT Markets
Webull
XM
XTB
Zacks Trade
Zerodha
Compare brokers
Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

BROKER COMPARISON

Interactive Brokers
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 1:20 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.9

3.5

See details
Withdrawal Fee 0 0
Deposit Fee 1% 0
Inactivity Fee 0 $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips + 0.08 to 0.20 bps times trade size comission 1.1
Stocks & ETF $ 0.005 per share 0
CFD (Gold) 0.02% 20
Crypto 0.12% to 0.18% of trade value 0
Options 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees Yes on CFD’s

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) $0 $10.00
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

2.7

See details
Shares 16.500 0
ETF & Funds 35.000 0
Crypto 4 0
Commodities 1 0
Indices 3052 0
Options 50.000 0
Futures 245 0
Bonds 1.000.000 0
Forex 115 39
CFD Indices & Funds 13 21
CFD Stocks 8.000 40
CFD Commodities 2 6
CFD Crypto 0 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

4.8

1.2

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

Customer Support

4.9

3.2

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

Winner

Interactive Brokers vs. Olymp Trade Comparison Conclusion

The results of our comparison of Interactive Brokers vs. Olymp Trade are involved the table below.

Broker:Best For:
Interactive BrokersStocks and ETFs
Olymp TradeBinary Options

Picking the best selection between Interactive Brokers and Olymp Trade can be hard. Both on-line brokers have resemblances however differ relating to trading tools, systems & applications, policy, down payment & withdrawals, and research and education and learning. Choosing the best broker relies on customers’ trading & financial investment goals, 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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