IQ Option vs. Olymp Trade Comparison

This contrast guide aids individuals that battle to pick in between IQ Option and Olymp Trade to find the most effective online broker for their trading and financial investment demands. It evaluates the main features of the two brokers alongside to aid individuals contrast their service and make an educated decision.

To help customers choose the right broker between IQ Option and Olymp Trade to locate the best-suited system, listed below is a list of broker’s advantages and disadvantages, adhered to by a contrast of their main trading attributes, consisting of trading systems & devices, fees, mobile trading, deposit & withdrawal, possessions, regulation, and customer support.

IQ Option vs. Olymp Trade: Summary

IQ Option logo

IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.

IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
General Risk Warning: “The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”

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

  • Multi-chart platform layout with technical analysis
  • Fast trade execution
  • 24/7 customer support in Arabic and English
  • Free demo account with $10.000 virtual money
  • Leverage of up to 1:1000

Cons

  • Trading fees are above industry average
  • Inactivity fee $10/90days

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

  • Access to a wide variety of markets
  • Great research and education tools
  • User friendly platform
  • $10 minimum deposit and $1 minimum trade requirement
  • Access to 3000+ tradable symbols

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%

IQ Option vs. Olymp Trade Comparison

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IQ option

IQ Option

Open account Read review

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

IQ option
Olymp-Trade-logo

Overall rating

2,8/5

2,9/5

Overall rating

2,8/5

2,9/5

Trading Platform & Tools

3.1

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

3.3

3.5

See details
Withdrawal Fee 0 (*currency conversion fee might apply) 0
Deposit Fee 0
Inactivity Fee $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month 10 EUR 0
Forex (EUR/USD) 4.7pip 1.1
Stocks & ETF 0.48pip 0
CFD (Gold) 4.8pip 20
Crypto 127.14pip 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.0

2.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

4.5

See details
Minimum deposit (in UAE) $10 $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 Over 180 0
ETF & Funds 0 0
Crypto 19 0
Commodities 9 0
Indices 9 0
Options Over 40 0
Futures 0 0
Bonds 0 0
Forex Instruments Over 30 39
CFD Indices & Funds Over 20 21
CFD Stocks OVer 180 40
CFD Commodities 9 6
CFD Crypto 19 21
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

1.0

2

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.4

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

IQ Option vs. Olymp Trade Comparison Conclusion

The results of our comparison of IQ Option vs. Olymp Trade are wrapped up in the table listed below.

Broker:Best For:
IQ OptionForex and CFD trading
Olymp TradeBinary Options

Picking the ideal option in between IQ Option and Olymp Trade can be hard. Both on the internet brokers have similarities however vary relating to trading instruments, systems & apps, regulation, down payment & withdrawals, and research and education and learning. Picking the most effective broker relies on users’ trading & financial investment objectives, private 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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