Lightspeed vs. Olymp Trade Comparison

This contrast overview helps customers that struggle to choose between Lightspeed and Olymp Trade to discover the best online broker for their trading and financial investment needs. It examines the highlights of both brokers alongside to help customers contrast their solution and make an educated decision.

To aid individuals select the best broker between Lightspeed and Olymp Trade to discover the best-suited platform, below is a list of broker’s pros and cons, adhered to by a contrast of their major trading features, including trading systems & tools, costs, mobile trading, deposit & withdrawal, assets, policy, and consumer support.

Lightspeed vs. Olymp Trade: Summary

lightspeed-logo

Lightspeed is a globally operating online broker regulated by FINRA. They offer users access to 6,000 stocks, options, and futures. Their trading platforms ( LightSpeed Trader, LightSpeed Web & Mobile, and Sterling Trader Pro) offer advanced trading and charting tools including level 2 trading and dynamic charting, LiveVolX and Eze EMS.

Lightspeed offers low per-share and per-contract fees for high volume traders. The minimum deposit requirement at Lightspeed is $10,000 or $25,000.

Lightspeed’s customer support is available 24/7 through email, live chat, and phone in English language.

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

  • Great choice of different trading platforms
  • Wide range of stocks, options and features
  • Responsive customer support
  • Competitive pricing on higher volume

Cons

  • High minimum deposit requirement

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 10,000 different stocks, ETFs, options, and futures
  • Trading fee discounts for active stock and ETF traders
  • Broad range of risk management tools and third-party software
  • Extensive education section with live webinars, trading courses, and and blog
  • Level 2 order book information and dynamic charting features
  • Fast order routing

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%

Lightspeed vs. Olymp Trade Comparison

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BROKER COMPARISON

lightspeed-logo
Olymp-Trade-logo

Overall rating

4,0/5

2,9/5

Overall rating

4,0/5

2,9/5

Trading Platform & Tools

3.8

2.8

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 6:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.1

3.5

See details
Withdrawal Fee $50 per transaction 0
Deposit Fee 0 0
Inactivity Fee $25 if no trading in previous year $10 if no trades in a month
Cost Per Trade $4.50 0
Cost Per Month Yes, depending the platform 0
Forex (EUR/USD) 0 1.1
Stocks & ETF $0.0045 per share 0
CFD (Gold) 0 20
Crypto 0 0
Options $0.60 per contract 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.9

2.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

4.5

See details
Minimum deposit (in UAE) $10,000.00 $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 4 markets 0
ETF & Funds 4 markets 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 8 markets 0
Futures 9 markets 0
Bonds 0 0
Forex Instruments 0 39
CFD Indices & Funds 0 21
CFD Stocks 0 40
CFD Commodities 0 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

4.2

1.2

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

Customer Support

4.2

3.2

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

Winner

Lightspeed vs. Olymp Trade Comparison Conclusion

The outcomes of our contrast of Lightspeed vs. Olymp Trade are wrapped up in the table listed below.

Broker:Best For:
LightspeedStocks, futures and options; High volume traders
Olymp TradeBinary Options

Selecting the right choice in between Lightspeed and Olymp Trade can be difficult. Both on-line brokers have resemblances yet differ relating to trading instruments, platforms & apps, law, down payment & withdrawals, and study and education. Choosing the most effective broker depends upon users’ trading & investment goals, private preferences, 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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