Olymp Trade vs. XTB Comparison

This contrast guide helps users that have a hard time to pick in between Olymp Trade and XTB to find the most effective online broker for their trading and investment requirements. It assesses the main features of the two brokers side by side to aid individuals contrast their solution and make a notified choice.

To assist individuals pick the appropriate broker between Olymp Trade and XTB to locate the best-suited system, below is a checklist of broker’s advantages and disadvantages, adhered to by a comparison of their major trading features, consisting of trading platforms & tools, charges, mobile trading, down payment & withdrawal, assets, guideline, and consumer support.

Olymp Trade vs. XTB: 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.

XTB logo

XTB is an international multi-asset broker founded in 2002. It is regulated by two-tier one regulators (the FCA and MiFID) and therefore considered trustworthy. The brokers offers access to 12,000 tradable symbols including 5,400 CFDs on forex, indices, commodities, stocks, ETFs, and cryptocurrencies.

XTB has a proprietary platform (xStation 5) that features extensive trading and research tools including market news, up-to-date price tables, and market calendars. Users can also use various order types and risk management features such as stop-loss orders and negative balance protection. Besides its feature rich proprietary platforms, XTB offers limited MT4 integration.

XTB trading fees are in line with the industry average. They charge an average spread of 0.91 pips (EUR/USD), and also offer spread rebates between 5% to 30% on active trading. XTB also charges inactivity fees of $10/month after 12 months of inactivity.

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 ($10)
  • Competitive trading fees
  • Great research and education materials
  • MT4 compatibility
  • Cashback rebates and free paper trading account
  • Feature rich and intuitive mobile app

Cons

  • Only CFD trading
  • Charges 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

  • Access to 12,000 financial instruments
  • Free Stock and ETF trading
  • Daily market analysis videos, price tables, and economic calendar
  • Micro-lot trading available
  • Beginner-friendly mobile app (xStation Mobile)
  • Multi-lingual support in English, Arabic and over 10 other languages

Olymp Trade vs. XTB Comparison

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XTB logo

XTB

Open account Read review

81% of CFD retail account lose money

BROKER COMPARISON

Olymp-Trade-logo
XTB logo

Overall rating

2,9/5

3,8/5

Overall rating

2,9/5

3,8/5

Trading Platform & Tools

2.8

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 500:1 1:500
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

3.7

See details
Withdrawal Fee 0 $0
Deposit Fee 0 $0
Inactivity Fee $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month 0 €12
Forex (EUR/USD) 1.1 1.0 pips
Stocks & ETF 0 0
CFD (Gold) 20 1.19 pips
Crypto 0 100 pips
Options 0 0
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

2.1

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

2.9

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 39 57
CFD Indices & Funds 21 37
CFD Stocks 40 1796
CFD Commodities 6 23
CFD Crypto 21 10
CFD Bonds 0 0
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

3.2

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

Customer Support

3.2

4.4

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

Winner

Olymp Trade vs. XTB Comparison Conclusion

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

Broker:Best For:
Olymp TradeBinary Options
XTBForex and CFDs; Beginners and intermediate traders

Choosing the ideal option in between Olymp Trade and XTB can be hard. Both on-line brokers have resemblances however vary concerning trading instruments, platforms & applications, policy, down payment & withdrawals, and study and education and learning. Selecting the most effective broker depends upon customers’ 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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