This comparison overview assists customers that have a hard time to choose in between IronFX and Olymp Trade to locate the best online broker for their trading and financial investment needs. It evaluates the main features of both brokers side-by-side to assist users contrast their service and make an educated decision.
To aid users choose the appropriate broker between IronFX and Olymp Trade to find the best-suited platform, listed below is a checklist of broker’s pros and cons, followed by a comparison of their major trading attributes, including trading platforms & devices, costs, mobile trading, down payment & withdrawal, possessions, policy, and customer support.
IronFX vs. Olymp Trade: Summary
IronFX is a forex and CFD broker founded in 2010. Therefore, it is regulated by two tier-one financial authorities (CySec and ASIC) and is considered safe. The broker provides users access to 80 forex pairs and over 300 CFDs on forex, spot metals, and futures. The broker allows trading with up to 1:300 leverage and offers a free demo account for beginner traders.
IronFX fees are below average compared to similar brokers from the industry. They charge low spreads from 0.1 pips (EUR/USD). Additionally, the broker charges 3% inactivity fees after 90 consecutive days of inactivity on any account.
IronFX’s customer support is available through email (support@IronFX.com) and live chat in English and Arabic.
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)
- Competitive forex spreads from 0.8 pips (EUR/USD)
- Wide range of platforms and plugins (MetaTrader 4, AutoChartist, and Trading Central)
- Great research and education materials
- 7 Different account types
Cons
- Algorithmic trading is only available through MetaTrader 4
- High inactivity fees (3% of account balance after 90 days)
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 over 80 forex pairs and 300 CFDs
- Compatible with MT4 and Trading Central
- Excellent Copy Trading features
- Advanced charting and analysis tools
- Welcome bonuses for new users
- Commission-free CFD trading and low floating spreads from 0,0 pips
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%
IronFX vs. Olymp Trade Comparison
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IronFX
Olymp Trade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1000:1 | 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
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 3% on withdrawal if you have not entered a trade after deposit | $10 if no trades in a month |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.7 | 1.1 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0.6 | 20 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100.00 | $10.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 80+ |
| ETF & Funds | 0 | 10+ |
| Crypto | 0 | 20+ |
| Commodities | 0 | 10+ |
| Indices | 0 | 10+ |
| Options | 0 | 0 |
| Futures | 27 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 84 | 100+ |
| CFD Indices & Funds | 21 | 21 |
| CFD Stocks | 150 | 40 |
| CFD Commodities | 16 | 6 |
| CFD Crypto | 0 | 21 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IronFX vs. Olymp Trade Comparison Conclusion
The results of our contrast of IronFX vs. Olymp Trade are involved the table below.
| Broker: | Best For: |
| IronFX | Forex and CFD Trading & Social Copy Trading |
| Olymp Trade | Binary Options |
Choosing the ideal selection between IronFX and Olymp Trade can be difficult. Both on-line brokers have similarities but differ pertaining to trading instruments, platforms & applications, policy, down payment & withdrawals, and research and education. Choosing the best broker depends upon individuals’ trading & financial investment goals, private choices, 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.