In the grand arena of online trading, the duel between FP Markets and Olymp Trade is akin to a classic chess game. But which platform takes the checkmate? To cut to the chase, both platforms excel in their respective fields with FP Markets leaning towards Forex and CFDs, while Olymp Trade shines in Fixed Time Trades and Forex. But that’s just the tip of the iceberg. Let us delve deeper.
Key Takeaways
→FP Markets beckons with superior Forex/CFD offerings and lower spreads. |
→Olymp Trade entices with simple user-friendly interface and an emphasis on education. |
→Both platforms prioritize safety, customer service, and provide extensive educational resources. |
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
(Data
last updated:
14-09-2023)
🏢Company Background:
Data | FP Markets | Olymp Trade |
---|---|---|
Regulatory Compliance? | Yes | Yes |
Publicly traded company? | No | No |
Does it offer banking services? | No | No |
Year Founded | 2005 | 2014 |
Country headquarters | Australia | Republic of Vanuatu |
Website Language Options | en, ar, de, es, fr, po, ru, viet, mal, it | EN, RU, FR, ES, TR, TH, CN, VI, ID, KR, JA |
Separate Client Funds? | Yes | No |
Non-ESMA Branches Available? | No | Yes |
EU Clients Accepted? | Yes | No |
US Clients Accepted? | No | No |
Canadian Clients Accepted? | No | No |
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
Data | FP Markets | Olymp Trade |
---|---|---|
Forex (e.g. USDJPY or EURGBP) | Yes | No |
Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | 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 |
Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
Data | FP Markets | Olymp Trade |
---|---|---|
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:
Data | FP Markets | Olymp Trade |
---|---|---|
FMA (Financial Markets Authority) | No | No |
CBR (Central Bank of Russia) | No | No |
FSCA (Financial Sector Conduct Authority) | Yes | 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:
Data | FP Markets | Olymp Trade |
---|---|---|
Offshore Regulators | No | Yes |
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:
Data | FP Markets | Olymp Trade |
---|---|---|
Leverage for Non-EU Clients | 500:1 | 1/500 |
European Leverage Limits | 30:1 | Not avelible in EU |
Leverage in Australia | 30:1 | N/A |
US Leverage Restrictions | 0 | 1/500 |
Canadian Leverage Rules | 0 | No |
📂Account Offerings:
Data | FP Markets | Olymp Trade |
---|---|---|
Demo Account Access | Yes | Yes |
Expiration of Demo Accounts | No | Yes |
Account Currency Choices | EUR, USD | USD, EUR, GBP, AUD, CAD, NZD, CHF, JPY |
Standard Accounts | Yes | Yes |
Micro-lots Accounts | Yes | Yes |
Low-cost Account (nano lots) | No | Yes, $10 |
Variable Spread Accounts | Yes | Yes |
Fixed Spread Accounts | No | Yes |
Zero Spread Accounts | No | No |
ECN Accounts | Yes | Yes |
Swap-Free Accounts | No | No |
Islamic Accounts | No | No |
Professional Trading Accounts | No | No |
Active Trader Rewards Program | No | Yes |
💰Deposits and Withdrawals:
Data | FP Markets | Olymp Trade |
---|---|---|
Minimum Deposit Requirements | 100 | Yes, $10 |
Minimum Withdrawal Limits | No | Yes, $50 |
Credit Card Options | Yes | Visa, Mastercard, Maestro |
Bank Transfer Availability | Yes | yes |
PayPal Support | Yes | Yes |
Neteller Integration | Yes | Yes |
Skrill Compatibility | No | Yes |
Additional Payment Methods | Bank Transfer, Credit Card ,Neteller | Bank transfer, credit/debit card, WebMoney, Qiwi, China UnionPay, cryptocurrencies |
Deposit Processing Time | 1 business day | Instant |
Withdrawal Processing Time | 1 business day | Yes |
Fees and Charges:
Data | FP Markets | Olymp Trade |
---|---|---|
Deposit-related Fees | Yes | No |
Commissions on Withdrawals | No | Yes |
Overnight/Swap Charges | Yes | Yes |
Account Inactivity Fees | No | Yes |
Currency Conversion Costs | Yes | Yes |
Are bonus Programs Available? | No | Yes |
Security Protocols and Measures:
Data | FP Markets | Olymp Trade |
---|---|---|
(2FA) available? | Yes | Yes |
(SSL) security? | Yes | Yes |
(AML) Policy Compliance | Yes | No |
Know Your Customer (KYC) | Yes | Yes |
🌐Brand Influence:
Data | FP Markets | Olymp Trade |
---|---|---|
Twitter Follower Counts | 4935 | 25.2K |
💹Forex Fixed Spreads:
Data | FP Markets | Olymp Trade |
---|---|---|
EUR/GBP Spread Range | No | No |
EUR/USD Spread Range | No | No |
USD/JPY Spread Range | No | No |
GBP/USD Spread Range | No | No |
USD/CHF Spread Range | No | Yes |
AUD/USD Spread Range | No | No |
USD/CAD Spread Range | No | No |
NZD/USD Spread Range | No | No |
Trade Execution Methods:
Data | FP Markets | Olymp Trade |
---|---|---|
Direct Market Access (DMA) | Yes | No |
Straight Through Processing (STP) | Yes | No |
Electronic Communication Network (ECN) Execution | Yes | No |
Market Maker Model | Yes | Yes |
Non-Dealing Desk (NDD) Approach | Yes | 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:
Data | FP Markets | Olymp Trade |
---|---|---|
Stop Loss Orders | Yes | Yes |
Take Profit Orders | Yes | Yes |
Limit 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 | 0.01 lots | Yes |
Maximum Trade Sizes | 100 lots | Yes |
Available Asset Classes:
Data | FP Markets | Olymp Trade |
---|---|---|
Forex Currency Pairs | 70 | Yes |
Cryptocurrencies | 60 | Yes |
Commodities | 18 | Yes |
Equities | - | No |
Market Indices | 11 | No |
Exchange-Traded Funds (ETFs) | No | No |
Futures Contracts | No | No |
Options Contracts | No | Yes |
Bonds | No | No |
Metals | 4 | Yes |
Agricultural Products | No | No |
Energy Resources | 3 | No |
Interest Rates | No | No |
Penny Stocks | No | Yes |
Initial Public Offerings (IPOs) | No | No |
Asset Blends | No | No |
Dow Jones Index | No | No |
FTSE 100 Index | Yes | No |
DAX Index | Yes | Yes |
Nikkei 225 Index | Yes | Yes |
Gold Market Trading | Yes | Yes |
Special Account Features:
Data | FP Markets | Olymp Trade |
---|---|---|
Multi-Account Manager (MAM) | Yes | Yes |
Percentage Allocation Money Management (PAMM) | Yes | No |
Social Trading Integration | No | No |
Copy Trading Support | Yes | No |
Lot Allocation Money Management (LAMM) | No | Yes |
Supported Trading Techniques:
Data | FP Markets | Olymp Trade |
---|---|---|
Scalping Strategies | Yes | Yes |
Hedging Techniques | Yes | No |
Spread Betting Opportunities | No | No |
Automated Expert Advisor (EA) Integration | Yes | No |
Virtual Private Server (VPS) Options | Yes | No |
Application Programming Interface (API) Support | Yes | Yes |
Trading Tools and Features:
Data | FP Markets | Olymp Trade |
---|---|---|
One-Click Trade Execution | Yes | Yes |
Signal Trading Availability | Yes | 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 |
Customizable Watchlist | Yes | Yes |
Mobile Trading Compatibility:
Data | FP Markets | Olymp Trade |
---|---|---|
Android App | Yes | Yes |
iOS App | Yes | Yes |
Windows Mobile App | No | 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, 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 |
Commodity Offerings:
Data | FP Markets | Olymp Trade |
---|---|---|
Crude Oil Trading | 0.03 | Yes |
Natural Gas Trading | No | No |
Silver Markets | 0.01 | Yes |
Platinum Trading | No | Yes |
Copper Trading | No | Yes |
Soybean Contracts | No | No |
Corn Markets | No | Yes |
Gold Markets | 0.78 | Yes |
Lithium Markets | Yes | Yes |
Stock Trading Fees:
Data | FP Markets | Olymp Trade |
---|---|---|
Apple Shares | $0-$2.50 | $0-$1 |
Amazon (AMZN) Shares | $0-$2.50 | $0-$1 |
Invidia Shares | $0-$2.50 | $0-$1 |
META Shares | $0-$2.50 | $0-$1 |
Ford Motor Co Shares | $0-$2.50 | $0-$1 |
Alphabet (GOOGL) Shares | $0-$2.50 | $0-$1 |
BP Shares | $0-$2.50 | $0-$1 |
Tesco Shares | $0-$2.50 | $0-$1 |
Barclays Shares | $0-$2.50 | $0-$1 |
Lloyds 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:
Data | FP Markets | Olymp Trade |
---|---|---|
FTSE 100 Fee Structure | 1.65 | Yes, 0.05% per trade |
S&P 500 Fee Structure | 0.54 | No |
Dow Jones Fee Structure | 3.56 | Yes |
Nasdaq Fee Structure | 1.56 | No |
CAC 40 Fee Structure | 1.96 | Yes |
DAX 30 Fee Structure | 1.73 | Yes |
Nikkei 225 Fee Structure | 8.74 | Yes |
Euro Stoxx 50 Fee Structure | 2 | No |
Cryptocurrency Trading Fees: Maker-Taker-Spread
Data | FP Markets | Olymp Trade |
---|---|---|
Bitcoin Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Ethereum Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Ripple Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Binance Coin Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Cardano Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Solana Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Polygon Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Dogecoin Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Chainlink (LINK) Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Polkadot (DOT) | 0.03%, 0.06%, Up to 2% | (binary option) |
Avalanche (AVAX) | 0.03%, 0.06%, Up to 2% | (binary option) |
Available Trading Platforms:
Data | FP Markets | Olymp Trade |
---|---|---|
cTrader Desktop App | No | No |
cTrader Web Interface | No | No |
Mirror Trader Platform | No | No |
ZuluTrade Integration | No | No |
MT4 Desktop Interface | Yes | Yes |
MT4 Web Platform | Yes | Yes |
MT5 Desktop App | Yes | Yes |
MT5 Web Interface | Yes | No |
Tradingview | No | No |
Proprietary Desktop Software | Yes | Yes |
Proprietary Web-based Platform | No | Yes |
Mac-Compatible Platform Options | Yes | Yes |
Sirix Trading Platform | No | Yes |
Education Resources:
Data | FP Markets | Olymp Trade |
---|---|---|
Education Offerings | Yes | Yes |
Webinar Offerings | Yes | Yes |
Platform Tutorial Videos | Yes | Yes |
Beginner-Level Trading Videos | Yes | Yes |
Expert-Level Trading Videos | No | Yes |
Tutorial guides | Yes | Yes |
Terminology Glossary | Yes | Yes |
Customer Support Options:
Data | FP Markets | Olymp Trade |
---|---|---|
Callback Request Feature | No | Yes |
Email Support Availability | Yes | Yes |
Telephone Support | Yes | Yes |
Live Chat support | Yes | Yes |
Offered Support Languages | en, ar, chi(t/s), de, es, fr, po, thai, ko, ind, mal, it | Yes |
Research-Tools:
Data | FP Markets | Olymp Trade |
---|---|---|
In-Depth Professional Reports | Yes | No |
Social Trading Features - Social Newsfeeds | No | Yes |
Economic Event Calendar | No | Yes |
Daily Email With Trading Ideas | Yes | Yes |
Analysis From Trading Central (Recognia) | No | Yes |
Analysis From Delkos Research | No | No |
AutoChartist Tool | No | No |
Trader Sentiment Metrics | No | Yes |
Twitter-Based News Updates | Yes | Yes |
Facebook-Based News Updates | Yes | Yes |
Daily Market Commentary | Yes | Yes |
Time to Dive-Trade In
Table of content
- Time to Dive-Trade In
- The Skinny and Pinny: FP Markets
- The New Wave Maven: Olymp Trade
- A Duel of Digits: Platform Comparison
- Spreads and Fees: FP Markets Takes the Trophy 🏆
- Platforms and Tools: A Tête-à-Tête
- Education and Resources: A Shared Crown 👑
- Customer Service: Even-Stevens
- Security: A Rampart We Cannot Ignore
- Let’s Talk About Encryption, Baby🔐
- Client Money Handling: Show Me The Money!
- Deposit and Withdrawal: The Money Mandate
- Transferring Your Green: The Journey of the Moolah💰
- Withdrawal Times: Speed is the Key⏱️
- Who’s Winning The Mobile Scene? The App-solute Truth
- FP Markets Mobile Trading: On The Go Gains 🚀
- Olymp Trade Mobile Trading: Pocket-sized Profits📱
- The Final Verdict: Choose Your Chess Piece
- The Final Verdict: Choose Your Chess Piece
- Frequently Asked Questions (FAQs)
- Which platform is better for beginner traders, FP Markets or Olymp Trade?
- Which platform offers lower fees, FP Markets or Olymp Trade?
- Does Olymp Trade offer demo accounts?
- What about deposit methods? Can I use my Credit Card or Skrill Account to deposit funds to FP Markets?
- Can I trade on mobile with FP Markets and Olymp Trade?
- Do I need to worry about the security of my funds with these platforms?
- What kind of assets can be traded on these platforms?
- How’s the customer support at FP Markets and Olymp Trade?
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
The Skinny and Pinny: FP Markets
FP Markets, established in 2005, is like the head honcho when it comes to Forex and CFD trading🏁. With 50+ forex pairs and 10,000+ instruments across metals, indices, commodities, equities, and crypto, it’s a Rolodex that puts the phonebook to shame. FP Markets is regulated by ASIC and CySEC (read: safe as grandmother’s recipes) and offers both MetaTrader and IRESS platforms. Talk about offering a smorgasbord of goodies!
The New Wave Maven: Olymp Trade
Started in 2014, Olymp Trade may sound new but have carved a name in Fixed Time Trades and Forex. With over 75 instruments, it might look like a dwarf in front of FP, but remember sometimes less is more😉. It brings a user-friendly platform, a rich educational suite, a low minimum deposit of $10, and free practice accounts. Truly, the sherpa for a trading newbie!
A Duel of Digits: Platform Comparison
Spreads and Fees: FP Markets Takes the Trophy 🏆
While Olymp Trade brackets in 80% returns for successful trades, FP Markets wins the day with tighter spreads (starting from 0.0 pips on ECN account) and low commission on forex trades (as low as $3 per lot). No trophy without pain though – you need a minimum deposit of $100 on FP.
Platforms and Tools: A Tête-à-Tête
FP Markets grants the robust MetaTrader and sophisticated IRESS. The latter is a delectable treat with Direct Market Access (DMA) and detailed financial analysis 📊. Olymp’s pride is its proprietary platform with a simple interface. A feature-loaded heavyweight vs a minimalist champ – you decide!
Both contenders understand “knowledge is power.” Olymp Trade offers interactive courses, webinars, and strategies. FP Markets, not to be outdone, serves up eBooks, video tutorials, and market analysis. Your tutor for trading, either way!
Customer Service: Even-Stevens
FP Markets and Olymp Trade both take customer service seriously. They offer 24/5 support via live chat, phone, and email. So this round is a draw 🤝.
Security: A Rampart We Cannot Ignore
Let’s Talk About Encryption, Baby🔐
Both FP Markets and Olymp Trade understand the importance of security. FP Markets are regulated by ASIC and CySEC and also have indemnity insurance. Olymp Trade, a member of the International Financial Commission, has a compensation fund of up to €20,000 per covered claim. Rest assured, your deposits, transactions, and personal data are secure with both platforms.
Client Money Handling: Show Me The Money!
FP Markets follows the client money handling rules set by ASIC and keeps your money in separate client trust accounts at AA-rated Australian banks. Olymp Trade also follows strict money management policies to ensure client funds are safe. Both platforms hence give the assurance that they are not using your money for their business expenses. That’s as comforting as a Netflix and chill evening, isn’t it?
Deposit and Withdrawal: The Money Mandate
Transferring Your Green: The Journey of the Moolah💰
Both FP Markets and Olymp Trade offer a variety of deposit methods including bank transfer, credit/debit cards, and e-wallets like Skrill, Neteller, and others. FP Markets charges no fees for deposits and withdrawals. Olymp Trade, while also largely fee-free, may have charges based on the payment method.
Withdrawal Times: Speed is the Key⏱️
At FP Markets, withdrawals to e-wallets are processed within 24 hours and bank transfers take 2-3 business days. Olymp Trade promises withdrawal processing within 24 hours, subject to their conditions. So, you can fast-forward your money out, should you wish to!
Who’s Winning The Mobile Scene? The App-solute Truth
FP Markets Mobile Trading: On The Go Gains 🚀
FP Markets offers the MetaTrader 4/5 mobile app. An ideal companion for those who cannot sit still, it gives you full trading functionality on both Android and iOS. Handy charts, market news on the fly, and all those technical indicators to help you trade from your phone while on a road trip!
Olymp Trade Mobile Trading: Pocket-sized Profits📱
Olymp Trade’s proprietary mobile app, available on Android and iOS, is a work of art for beginners. Simple interface paired with powerful features and on-the-spot education resources – it ensures trading is as close as your pocket!
Before ”
The Final Verdict: Choose Your Chess Piece
“‘, we can add a line like “Now that we’ve dissected both these platforms, it’s time to bring down the hammer.”
The Final Verdict: Choose Your Chess Piece
FP Markets, with robust offerings and razor-thin spreads, is a victor for the seasoned trader. Olymp Trade, with an easy platform and strong educational support, is a comforting cocoon for the trading rookie. So which knight, bishop or king will you move? The decision, dear reader, is in your hands!
Disclaimer: Trading involves risk. You are advised to exercise caution, invest time into research, consider your financial situation and seek independent advice if necessary.
Frequently Asked Questions (FAQs)
Which platform is better for beginner traders, FP Markets or Olymp Trade?
If you’re just stepping into the world of trading, Olymp Trade with its user-friendly interface, low minimum deposit, and rich educational resources might be a more fitting choice.
Which platform offers lower fees, FP Markets or Olymp Trade?
FP Markets generally offers lower spreads and commissions on Forex and CFD trading. However, Olymp Trade promises up to 80% returns for successful trades.
Does Olymp Trade offer demo accounts?
Yes, Olymp Trade allows the users to practice trading with a free demo account loaded with virtual funds. This helps beginners to learn without risking real money.
What about deposit methods? Can I use my Credit Card or Skrill Account to deposit funds to FP Markets?
Yes, FP Markets accepts a variety of payment methods including credit/debit cards and e-wallets like Skrill and Neteller.
Can I trade on mobile with FP Markets and Olymp Trade?
Yes, both FP Markets and Olymp Trade offer mobile trading through their respective apps available for Android and iOS devices.
Do I need to worry about the security of my funds with these platforms?
Both platforms are regulated and follow stringent security measures. FP Markets is regulated by ASIC and CySEC. Olymp Trade is a member of the International Financial Commission. They both prioritize the security of their client’s funds and personal data.
What kind of assets can be traded on these platforms?
FP Markets boasts a vast range of over 10,000 assets including Forex, metals, indices, commodities and crypto. Olymp Trade, while offering fewer assets (around 75), provides trading opportunities in currency pairs, commodities, stocks, cryptocurrencies and indices.
How’s the customer support at FP Markets and Olymp Trade?
Both platforms offer 24/5 support via live chat, phone, and email ensuring their customers are never left in the dark.
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