Next Markets vs. Olymp Trade Comparison

This comparison guide assists customers that struggle to choose in between Next Markets and Olymp Trade to locate the most effective online broker for their trading and investment requirements. It assesses the highlights of both brokers side by side to aid users compare their service and make an informed choice.

To help customers choose the ideal broker in between Next Markets and Olymp Trade to find the best-suited system, listed below is a list of broker’s pros and cons, complied with by a contrast of their major trading functions, consisting of trading systems & devices, costs, mobile trading, deposit & withdrawal, assets, policy, and client assistance.

Next Markets vs. Olymp Trade: Summary

Next Markets logo

Next Markets is a multi-asset CFD broker based in Germany. It is regulated by the MFSA and is considered safe. The broker allows users to trade over 7,000 stocks, 1,000 ETFs, and CFDs on cryptos, forex, commodities, and bonds.

Next Market’s fees are below average compared to similar brokers in the industry. They charge 0% commission on stock and ETFs and low fees on CFDs. Forex spreads start from 0.6 pips (EUR/USD). The broker does not charge any withdrawal on inactivity fees.

Next Market’s customer service is available from Monday to Friday from 09:00 to 18:00 by email and phone (+49 221 98259 007).

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)
  • 0% commission stocks and ETFs
  • Low spreads from 0.6 pips (EUR/USD)
  • Free trading signals
  • No hidden commissions or non-trading fees

Cons

  • Algorithmic trading is not available
  • Limited advanced trading tools and features
  • No demo or Islamic swap-free accounts are available

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 8,000 financial instruments
  • Broad range of deposit & withdrawal methods
  • User friendly mobile app
  • Competitive trading fees, spreads, and commissions
  • Beginner friendly trading tools and features
  • User friendly mobile app

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%

Next Markets vs. Olymp Trade Comparison

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Next Markets logo

Next Markets

Open account Read review

56.65% of retail CFD accounts lose money

BROKER COMPARISON

Next Markets logo
Olymp-Trade-logo

Overall rating

3,5/5

2,9/5

Overall rating

3,5/5

2,9/5

Trading Platform & Tools

2.4

2.8

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.3

3.5

See details
Withdrawal Fee 0 0
Deposit Fee 0 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 1.1
Stocks & ETF 0 0
CFD (Gold) 0 20
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.8

2.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

4.5

See details
Minimum deposit (in UAE) $0.00 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.5

2.7

See details
Shares 7000 0
ETF & Funds 1000 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 0 39
CFD Indices & Funds 1000 21
CFD Stocks 7000 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

2

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.8

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

Next Markets vs. Olymp Trade Comparison Conclusion

The outcomes of our comparison of Next Markets vs. Olymp Trade are involved the table below.

Broker:Best For:
Next MarketsStocks and ETF trading and investing
Olymp TradeBinary Options

Selecting the right selection between Next Markets and Olymp Trade can be difficult. Both online brokers have resemblances however differ pertaining to trading instruments, systems & apps, regulation, down payment & withdrawals, and research study and education and learning. Selecting the very best broker depends upon users’ trading & 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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