This contrast guide assists users that battle to choose between Olymp Trade and ThinkMarkets to discover the best online broker for their trading and financial investment demands. It examines the main features of both brokers side-by-side to help individuals contrast their solution and make an informed choice.
To assist users pick the right broker in between Olymp Trade and ThinkMarkets to locate the best-suited platform, listed below is a list of broker’s benefits and drawbacks, followed by a comparison of their primary trading features, including trading systems & tools, charges, mobile trading, deposit & withdrawal, properties, guideline, and client support.
Olymp Trade vs. ThinkMarkets: Summary
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.
ThinkMarkets is an online forex and CFD broker founded in 2010. It is regulated by 5 tier-one regulators, including the FCA, ASIC and MiFID. Users can trade on 3,500 financial instruments, including forex and CFDs on stocks, precious metals, indices, commodities, and cryptocurrencies. Their trading platforms include a proprietary platform (ThinkTrader), MetaTrader 4, and MetaTrader 5.
ThinkMarkets trading fees are average compared to other similar brokers from the industry. They charge 0% commission on stocks and CFDs and spreads from 0.4 pips (EUR/USD). ThinkMarkets also charges inactivity fees of $25/month.
ThinkMarket’s customer support is available through email (support@thinkmarkets.com), phone (+357 252 62149), and live chat in Arabic and English.
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
- Low minimum deposit ($0)
- Commission-free stock and CFD trading and $0,25 futures contracts
- MT4 and MT5 integration
- Wide range of educational materials
- Islamic swap-free, and zero spread accounts
Cons
- Spreads on forex are relatively high compared to other brokers
- Inactivity fees
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
- Commission-free stock and CFD trading (3,500+ assets)
- Compatible with the full MetaTrader suite (4 & 5)
- Regulated by multiple bodies (FCA, ASIC, FSCA, FSA, CySEC, and JFSA)
- Wide range of educational resources available
- Free VPS Server access
Olymp Trade vs. ThinkMarkets Comparison
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Olymp Trade
ThinkMarkets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 2000:1 |
| 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 | $10 if no trades in a month | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.1 | 1.1 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 20 | 1.9 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $10.00 | $0.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 80+ | 0 |
| ETF & Funds | 10+ | 0 |
| Crypto | 20+ | 0 |
| Commodities | 10+ | 0 |
| Indices | 10+ | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 100+ | 48 |
| CFD Indices & Funds | 21 | 381 |
| CFD Stocks | 40 | 3548 |
| CFD Commodities | 6 | 15 |
| CFD Crypto | 21 | 27 |
| 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
Olymp Trade vs. ThinkMarkets Comparison Conclusion
The outcomes of our comparison of Olymp Trade vs. ThinkMarkets are wrapped up in the table below.
| Broker: | Best For: |
| Olymp Trade | Binary Options |
| ThinkMarkets | Forex and CFDs on Stocks |
Choosing the best choice between Olymp Trade and ThinkMarkets can be hard. Both online brokers have similarities but vary pertaining to trading tools, platforms & apps, policy, deposit & withdrawals, and research and education. Choosing the most effective broker relies on individuals’ trading & financial investment goals, individual 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.