Olymp Trade vs. Swissquote Comparison

This comparison overview assists individuals who battle to choose in between Olymp Trade and Swissquote to discover the very best online broker for their trading and financial investment demands. It analyzes the highlights of both brokers side by side to assist customers compare their service and make a notified decision.

To assist customers pick the ideal broker in between Olymp Trade and Swissquote to find the best-suited system, listed below is a listing of broker’s pros and cons, adhered to by a comparison of their main trading functions, consisting of trading platforms & devices, charges, mobile trading, deposit & withdrawal, possessions, policy, and consumer support.

Olymp Trade vs. Swissquote: Summary

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.

Swissquote logo

Swissquote is a low risk forex and CFD online broker, regulated by 4 top-tier financial regulators. It is a great choice for traders who are looking for high quality research, daily market updates, a great variety of tradable assets and account security on a Swiss bank.

Their Advance Trader proprietary trading platform suite is available as desktop, web and mobile version. Together with the MetaTrader platform suite, it delivers an excellent trading experience for traders and investors at all levels. Minimum deposit is $1000 and trading fees are above industry average. Swissquote operates a bank.

Choose Swissquote if you are looking to trade physical cryptos with a highly trusted online broker that also offers great banking services.

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

Pros

  • Great choice of trading instruments offered
  • Very good research and education
  • Great For Mobile Trading

Cons

  • Few deposit and withdrawal option

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%

Key features

  • Access to 3,000 + financial instruments
  • Full MetaTrader Integration (MT4, MT5 and Advanced Trader)
  • Wide range of advanced trading tools and features
  • No inactivity fees
  • Algorithmic trading availability

Olymp Trade vs. Swissquote Comparison

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Swissquote logo

Swissquote

Open account Read review

84.5% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

Olymp-Trade-logo
Swissquote logo

Overall rating

2,9/5

4,2/5

Overall rating

2,9/5

4,2/5

Trading Platform & Tools

2.8

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 500:1 1:400
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.5

3.0

See details
Withdrawal Fee 0 $10
Deposit Fee 0 0
Inactivity Fee $10 if no trades in a month 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.1 1.6 pips
Stocks & ETF 0 $9
CFD (Gold) 20 5.37 pips
Crypto 0 0.50%
Options 0 $1.49 per contract
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.5

1.9

See details
Minimum deposit (in UAE) $10.00 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.7

4.9

See details
Shares 0 60
ETF & Funds 0 9000
Crypto 0 26
Commodities 0 0
Indices 0 0
Options 0 6
Futures 0 6
Bonds 0 53000
Forex Instruments 39 80
CFD Indices & Funds 21 26
CFD Stocks 40 0
CFD Commodities 6 12
CFD Crypto 21 12
CFD Bonds 0 3
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

2

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.2

5.0

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

Customer Support

3.2

4.5

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

Winner

Olymp Trade vs. Swissquote Comparison Conclusion

The outcomes of our comparison of Olymp Trade vs. Swissquote are involved the table listed below.

Broker:Best For:
Olymp TradeBinary Options
SwissquoteInvestors

Picking the right option between Olymp Trade and Swissquote can be challenging. Both on the internet brokers have similarities however differ concerning trading instruments, systems & applications, policy, deposit & withdrawals, and study and education. Choosing the best 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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