If you’re wavering between EasyMarkets and Olymp Trade for your forex trading needs, fear not! Our impartial, expert comparison is your knight in shining armor. Key difference on a silver platter? EasyMarkets whispers sweet nothings into beginner ears, while Olymp Trade steals glances from seasoned traders with its robust features.
Table of content
- EasyMarkets: Where Slow and Steady Wins the Race
- 🥇 It Doesn’t Get Easier Than This
- 🏫 School’s In Session
- Olymp Trade: Climbing The Ladder Towards Advanced Fx Trading
- 🎯 Precision, Your Name Is Olymp Trade
- 💪 Flex Those Trading Muscles!
- Pros and Cons: Because Nothing’s Perfect
- EasyMarkets – Cushioned and Comfortable
- Olymp Trade – Powerful and Well-equipped
- Shedding Light on Regulations, Fees, and Customer Support
- Regulatory Standards: Safeguarding Your Interest
- Fee Structures: Hidden Distractions or Straight Shooters?
- Customer Support: Your Lifeline in the Trading Fray
- Choose Your Champion: EasyMarkets or Olymp Trade?
- Frequently Asked Questions (FAQs)
- ❓Is EasyMarkets good for beginners?
- ❓What kind of traders should opt for Olymp Trade?
- ❓Are EasyMarkets and Olymp Trade licenced and regulated?
- ❓How reliable is the customer service of EasyMarkets and Olymp Trade?
- ❓Do EasyMarkets and Olymp Trade charge commission fees?
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
Be mindful: Trading involves risk and may lead to loss of capital.
Be mindful: Trading involves risk and may lead to loss of capital.
|Publicly traded company?||No||No|
|Does it offer banking services?||No||No|
|Country headquarters||Cyprus||Republic of Vanuatu|
|Website Language Options||en, ar, es, pol, chi||EN, RU, FR, ES, TR, TH, CN, VI, ID, KR, JA|
|Separate Client Funds?||Yes||No|
|Non-ESMA Branches Available?||Yes||Yes|
|EU Clients Accepted?||Yes||No|
|US Clients Accepted?||No||No|
|Canadian Clients Accepted?||Yes||No|
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
|Forex (e.g. USDJPY or EURGBP)||Yes||No|
|Options and futures (S&P500 Futures or Crude Oil Futures)||No||No|
|Funds Van(ARK invest or BlackRock Equity Dividend)||No||No|
|CFDs (Google Share in CFD form)||Yes||No|
|Cryptos (BTC or ETH)||Yes||No|
|Stocks and ETFs (TESL or AAPL)||Yes||No|
|Commodities (Gold or Silver market)||Yes||Yes|
|Beginner-friendly (demo-account access)||Yes||Yes|
|Advanced /pro (High-frequency trading, algorithmic trading)||Yes, MT4/MT5 for Algo trading No API for HFT||No|
|Binary option (note this is non-regulated trading, considers EXTREME risk)|
🏛️Tier 1 Regulatory Bodies:
|FSA (Financial Services Authority)||(Body replaced by(FCA) in 2013)||(Body replaced by(FCA) in 2013)|
|FCA (Financial Conduct Authority)||No||No|
|MAS (Monetary Authority of Singapore)||No||No|
|FINMA (Swiss Financial Market Supervisory Authority)||No||No|
|CFTC (Commodity Futures Trading Commission)||No||No|
|MIFID-ESMA (Markets in Financial Instruments Directive)||Yes||No|
|ASIC (Australian Securities and Investments Commission)||Yes||No|
|IIROC (Investment Industry Regulatory Organization of Canada)||No||No|
|SFC (Securities and Futures Commission)||No||No|
🏛️Tier 2 Regulatory Authorities:
|FMA (Financial Markets Authority)||No||No|
|CBR (Central Bank of Russia)||No||No|
|FSCA (Financial Sector Conduct Authority)||No||No|
|SEC (Securities and Exchange Commission)||No||No|
|DFSA (Dubai Financial Services Authority)||No||No|
|CBRC (China Banking Regulatory Commission)||No||No|
|CySEC (Cyprus Securities and Exchange Commission)||Yes||No|
|ISA (Israel Securities Authority)||No||No|
🏛️Tier 3 Regulatory Oversight:
|MMA (Maldives Monetary Authority)||No||No|
|EDR (External Dispute Resolution)||No||No|
|FSA (Seychelles Financial Services Authority)||No||No|
|SCB (Securities Commission of The Bahamas)||No||Yes|
|FSC (Financial Services Commission, Mauritius)||No||No|
|VFSC (Vanuatu Financial Services Commission)||No||No|
|IFSC (International Financial Services Commission, Belize)||No||No|
|CIMA (Cayman Islands Monetary Authority)||No||No|
|SVG (St. Vincent & Grenadines Financial Services Authority)||No||No|
|FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis)||No||No|
|BMA (Bermuda Monetary Authority)||No||No|
|BVI (British Virgin Islands Financial Services Commission)||No||No|
Max Leverage Options:
|Leverage for Non-EU Clients||200:1||1/500|
|European Leverage Limits||30:1||Not avelible in EU|
|Leverage in Australia||200:1||N/A|
|US Leverage Restrictions||0||1/500|
|Canadian Leverage Rules||200:1||No|
|Demo Account Access||Yes||Yes|
|Expiration of Demo Accounts||Yes||Yes|
|Account Currency Choices||EUR, USD||USD, EUR, GBP, AUD, CAD, NZD, CHF, JPY|
|Low-cost Account (nano lots)||Yes||Yes, $10|
|Variable Spread Accounts||No||Yes|
|Fixed Spread Accounts||Yes||Yes|
|Zero Spread Accounts||No||No|
|Professional Trading Accounts||Yes||No|
|Active Trader Rewards Program||Yes||Yes|
💰Deposits and Withdrawals:
|Minimum Deposit Requirements||No||Yes, $10|
|Minimum Withdrawal Limits||No||Yes, $50|
|Credit Card Options||Yes||Visa, Mastercard, Maestro|
|Bank Transfer Availability||No||yes|
|Additional Payment Methods||Credit Card, Neteller, Skrill||Bank transfer, credit/debit card, WebMoney, Qiwi, China UnionPay, cryptocurrencies|
|Deposit Processing Time||instant||Instant|
|Withdrawal Processing Time||1-5 business days||Yes|
Fees and Charges:
|Commissions on Withdrawals||No||Yes|
|Account Inactivity Fees||No||Yes|
|Currency Conversion Costs||No||Yes|
|Are bonus Programs Available?||Yes||Yes|
Security Protocols and Measures:
|(AML) Policy Compliance||Yes||No|
|Know Your Customer (KYC)||Yes||Yes|
|Twitter Follower Counts||20.9K||25.2K|
💹Forex Fixed Spreads:
|EUR/GBP Spread Range||1.5||No|
|EUR/USD Spread Range||1||No|
|USD/JPY Spread Range||2||No|
|GBP/USD Spread Range||1.7||No|
|USD/CHF Spread Range||2||Yes|
|AUD/USD Spread Range||1.2||No|
|USD/CAD Spread Range||2||No|
|NZD/USD Spread Range||2.3||No|
Trade Execution Methods:
|Direct Market Access (DMA)||No||No|
|Straight Through Processing (STP)||No||No|
|Electronic Communication Network (ECN) Execution||No||No|
|Market Maker Model||Yes||Yes|
|Non-Dealing Desk (NDD) Approach||No||No|
|First In, First Out (FIFO) Rule Application||No||Yes|
|4-Digit Decimal Pricing||Yes||Yes|
|5-Digit Decimal Pricing||Yes||Yes|
Order Types & Tools:
|Stop Loss Orders||Yes||Yes|
|Take Profit Orders||Yes||Yes|
|Fill or Kill (FOK) Orders||Yes||No|
|Trailing Stop Orders||Yes||Yes|
|Margin Call Alerts||Yes||Yes|
|One Cancels Other (OCO) Orders||No||Yes|
|Guaranteed Stop Loss Orders||No||Yes|
|Negative Balance Protection Measures||Yes||No|
|Minimum Trade Sizes||0.001 lots||Yes|
|Maximum Trade Sizes||100 lots||Yes|
Available Asset Classes:
|Forex Currency Pairs||135||Yes|
|Exchange-Traded Funds (ETFs)||No||No|
|Initial Public Offerings (IPOs)||No||No|
|Dow Jones Index||No||No|
|FTSE 100 Index||Yes||No|
|Nikkei 225 Index||Yes||Yes|
|Gold Market Trading||Yes||Yes|
Special Account Features:
|Multi-Account Manager (MAM)||No||Yes|
|Percentage Allocation Money Management (PAMM)||No||No|
|Social Trading Integration||No||No|
|Copy Trading Support||No||No|
|Lot Allocation Money Management (LAMM)||No||Yes|
Supported Trading Techniques:
|Spread Betting Opportunities||No||No|
|Automated Expert Advisor (EA) Integration||Yes||No|
|Virtual Private Server (VPS) Options||No||No|
|Application Programming Interface (API) Support||Yes||Yes|
Trading Tools and Features:
|One-Click Trade Execution||Yes||Yes|
|Signal Trading Availability||No||Yes|
|Price Alert Notifications||Yes||Yes|
|Number of Chart Indicators Offered||51||Yes|
|Number of Chart Drawing Tools Provided||31||Yes|
|Direct Trading From Charts||Yes||Yes|
Mobile Trading Compatibility:
|Windows Mobile App||Yes||Yes|
|Mobile Trading Signal Integration||Yes||Yes|
|App for Smartwatches||No||Yes|
|Forex Mobile Trading||Yes||Yes|
|CFD Mobile Trading||Yes||Yes|
|Alert Notifications on Mobile Devices||Yes||Yes|
|Mobile Charting and Drawing Tools||Yes||Yes|
|Languages Supported on Mobile App||en, ar, es, pol, chi||English, French, German, Spanish, Italian, Portuguese, Russian, Arabic, Turkish, Polish, Czech, Hungarian, Slovenian, Bulgarian, Romanian, Greek, Danish, Norwegian, Swedish, Finnish|
|Watchlist Feature on Mobile App||Yes||Yes|
|Crude Oil Trading||3||Yes|
|Natural Gas Trading||50||No|
Stock Trading Fees:
|Amazon (AMZN) Shares||$0-$2.50||$0-$1|
|Ford Motor Co Shares||$0-$2.50||$0-$1|
|Alphabet (GOOGL) Shares||$0-$2.50||$0-$1|
|Adobe (ADBE) Shares||$0-$2.50||$0-$1|
|Microsoft (MSFT) Shares||$0-$2.50||$0-$1|
|Nvidia (NVDA) Shares||$0-$2.50||$0-$1|
Index Trading Fees:
|FTSE 100 Fee Structure||2.2||Yes, 0.05% per trade|
|S&P 500 Fee Structure||0.5||No|
|Dow Jones Fee Structure||3||Yes|
|Nasdaq Fee Structure||1.5||No|
|CAC 40 Fee Structure||1.5||Yes|
|DAX 30 Fee Structure||1.8||Yes|
|Nikkei 225 Fee Structure||10||Yes|
|Euro Stoxx 50 Fee Structure||2||No|
Cryptocurrency Trading Fees: Maker-Taker-Spread
|Bitcoin Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Ethereum Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Ripple Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Binance Coin Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Cardano Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Solana Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Polygon Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Dogecoin Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Chainlink (LINK) Fees||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Polkadot (DOT)||0.10%, 0.10%, Up to 3.5%||(binary option)|
|Avalanche (AVAX)||0.10%, 0.10%, Up to 3.5%||(binary option)|
Available Trading Platforms:
|cTrader Desktop App||No||No|
|cTrader Web Interface||No||No|
|Mirror Trader Platform||No||No|
|MT4 Desktop Interface||No||Yes|
|MT4 Web Platform||No||Yes|
|MT5 Desktop App||No||Yes|
|MT5 Web Interface||No||No|
|Proprietary Desktop Software||No||Yes|
|Proprietary Web-based Platform||Yes||Yes|
|Mac-Compatible Platform Options||No||Yes|
|Sirix Trading Platform||No||Yes|
|Platform Tutorial Videos||Yes||Yes|
|Beginner-Level Trading Videos||No||Yes|
|Expert-Level Trading Videos||No||Yes|
Customer Support Options:
|Callback Request Feature||No||Yes|
|Email Support Availability||Yes||Yes|
|Live Chat support||Yes||Yes|
|Offered Support Languages||en, ar, es, pol, chi||Yes|
|In-Depth Professional Reports||Yes||No|
|Social Trading Features - Social Newsfeeds||Yes||Yes|
|Economic Event Calendar||No||Yes|
|Daily Email With Trading Ideas||Yes||Yes|
|Analysis From Trading Central (Recognia)||Yes||Yes|
|Analysis From Delkos Research||No||No|
|Trader Sentiment Metrics||Yes||Yes|
|Twitter-Based News Updates||Yes||Yes|
|Facebook-Based News Updates||Yes||Yes|
|Daily Market Commentary||Yes||Yes|
EasyMarkets: Where Slow and Steady Wins the Race
Yes, EasyMarkets does foster a reputation for simplicity – and bravely so, amid flashy technological leaps. This platform prioritizes ‘ease of use’ higher than an Everest expedition, holding the beginner’s hand from Square One to the dizzying heights of fx trading. Chuckleful labeled “Forex for Dummies”, its simplicity shouldn’t be mistaken as a trade-off for power. EasyMarkets comes packed with basic functionality and learning resources to send rookie traders soaring in no time.
🥇 It Doesn’t Get Easier Than This
The uncluttered interface, the basic set of features, and the seamless navigation of EasyMarkets pose a stark contrast against the tangled webs some novice traders often find themselves in. The platform is outfitted with a good variety of assets, comprehensive market analysis, and more. Nonetheless, it thins on advanced analytics tools like Fibonacci indicators, thus potentially leaving the seasoned traders wanting.
🏫 School’s In Session
Olymp Trade: Climbing The Ladder Towards Advanced Fx Trading
Olymp Trade, on the other hand, is a platform that bears the weight of the world – well, at least in terms of complex trading features. With a labyrinth of sophisticated technical analysis features and charting tools, Olymp Trade is the seasoned trader’s nirvana. This platform is not for the faint-hearted, or for those preferring the simpler path.
🎯 Precision, Your Name Is Olymp Trade
Think a scalpel’s precision in the hands of a seasoned FX surgeon, and you’ve pinned down the unique tenor of the Olymp Trade. Cutting-edge charting tools, technical indicators, oscillators – you name it, and they deliver. Even if it means occasionally overwhelming the trader with too many options.
💪 Flex Those Trading Muscles!
With Olymp Trade, you’ve got the gym, now it’s time to work up those trading muscles! Whether you’re swinging, scalping, or day trading, this platform’s got you covered in ways that’ll make a Swiss Army Knife blush.
Pros and Cons: Because Nothing’s Perfect
Navigating the pros and cons of each platform is like stepping into a boxing match with George Foreman and Mike Tyson. There’ll be impressive punches but also a few low blows.
EasyMarkets – Cushioned and Comfortable
– Extremely user-friendly interface.
– Solid educational resources for beginners.
– Not enough bells and whistles for experienced traders.
– Limited range of technical analysis tools.
Olymp Trade – Powerful and Well-equipped
– Advanced charting tools.
– Wide range of technical indicators and oscillators.
– Might be too complex for beginners.
– May overwhelm traders with too many options.
Shedding Light on Regulations, Fees, and Customer Support
No comparison between trading platforms can be complete without discussing regulations, fees, and customer support. Let’s put these giants into the ring once again.
Regulatory Standards: Safeguarding Your Interest
Both EasyMarkets and Olymp Trade take regulatory oversight seriously, operating under internationally recognized governing bodies that ensure fair practices and protect trader interests. EasyMarkets is licensed by regulatory bodies such as the ASIC in Australia and CySEC in Cyprus.
Olymp Trade, on the other hand, has got its license from IFC. While both follow a stringent set of regulations and rules, be aware that regulatory standards can vary depending on your geographical location and the particular body under whose jurisdiction the platform falls.
Fee Structures: Hidden Distractions or Straight Shooters?
When it comes to the cost that could make or break your trading game, EasyMarkets is notable for its fixed spreads, no-slippage guarantee, and zero to minimum commission fees. Talk about ‘easy’ on the pocket! However, do remember that overnight fees may still apply.
Olymp Trade, in contrast, applies a variable commission fee, depending on the asset being traded and the account type. It’s almost like choosing your own adventure, but into your wallet! But don’t be flustered; Olymp Trade’s transparent fee structure ensures no hidden ambush awaits you around the corner.
Customer Support: Your Lifeline in the Trading Fray
In the unpredictable seas of online trading, customer support is your trustworthy lifebuoy. When things go awry – and they may – having steady support can make all the difference. The good news is that neither EasyMarkets nor Olymp Trade scrimps on this.
EasyMarkets offers user-friendly support with multiple methods of communication, including telephonic support, live chat, and email. On the other hand, Olymp Trade parades around boasting its impressive 24/7 customer service, available in different languages. So if you happen to brood over trading in the middle of the night and need assistance, Olymp Trade has your back – even if it’s 2 a.m.!
Choose Your Champion: EasyMarkets or Olymp Trade?
The riveting debate of EasyMarkets vs Olymp Trade ends not with a loud boom, but with a gentle question; are you a humble beginner looking to learn the ropes, or a battle-hardened trader, seeking a platform to match your skillset? Your answer determines your champion in this forex trading arena. Let the trading games begin!
Frequently Asked Questions (FAQs)
❓Is EasyMarkets good for beginners?
Absolutely! Often regarded as ‘Forex for Dummies’, EasyMarkets has a beginner-friendly interface, simple yet functional features, and a trove of educational resources designed to help novice traders grasp the basics of forex trading.
❓What kind of traders should opt for Olymp Trade?
Olymp Trade caters to the needs of seasoned traders with its highly advanced charting tools and wide-ranging technical indicators. In fact, this platform flexes its muscles to the fullest when a veteran trader is at helm.
❓Are EasyMarkets and Olymp Trade licenced and regulated?
Yes, both EasyMarkets and Olymp Trade fall under the supervision of internationally recognized regulatory bodies. EasyMarkets is authorized and regulated by ASIC in Australia and CySEC in Cyprus. Olymp Trade, however, is licensed by the International Financial Commission (IFC).
❓How reliable is the customer service of EasyMarkets and Olymp Trade?
Both platforms offer robust customer support. EasyMarkets provides assistance via telephone, live chat, and email. Meanwhile, Olymp Trade shines with 24/7 customer service, available in multiple languages.
❓Do EasyMarkets and Olymp Trade charge commission fees?
EasyMarkets has a policy of zero to minimum commission fees and applies fixed spreads. However, be aware of overnight fees. Contrastingly, Olymp Trade sets variable commission fees depending on the asset and account type.
Disclaimer And General Risk Warning:
- ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
- ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
- ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
- ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
- ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
- ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
- ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
► Trade with caution and be warned!