Considering an online trading platform and caught between HFM and Olymp Trade? Get ready for some clear, concise, and amusing insights that will help you make that all-important decision!
Key Takeaways
| → HFM boasts top-tier regulation, numerous assets, and customized trading strategies. |
| → Olymp Trade offers a user-friendly interface, extensive educational materials, and lower entry barriers. |
| → Both platforms have their unique advantages and possible drawbacks; your choice depends on your trading needs and preferences. |
The Face-off: HFM vs Olymp Trade
Table of content
- The Face-off: HFM vs Olymp Trade
- Unmasking HFM: The Good, The Bad, and The Trading
- Get Your Cake and Eat It Too 🎂
- Hitting Some Snags 💢
- On Spotlight: Olymp Trade- Pros and Cons
- Trade Like a Pro, Even If You’re Not 😎
- Some Lumps in the Gravy 🥴
- Diving Deeper: HFM’s Key Features
- HFM: Where ‘Advanced’ Meets ‘Trading’ ☝️
- Like Your Coffee? HFM Has Variety, Too ☕
- Exploring Olymp Trade: Devil Is in the Details
- Dance with Olymp Trade’s Simplicity 💃
- Space Age Education, Medieval Trading? Not at Olymp Trade! 🪐
- The Final Verdict: HFM or Olymp Trade?
- The Final Verdict: HFM or Olymp Trade?
- Frequently Asked Questions: HFM vs Olymp Trade
- Ain’t No Question Too Tricky! 🤓🔍
- Q1. Are HFM and Olymp Trade regulated?
- Q2. Can beginners use HFM or Olymp Trade?
- Q3. Which one is better for professional traders, HFM or Olymp Trade?
- Q4. Are there any deposit requirements for these platforms?
- Q5. What learning resources do these platforms offer?
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
Now that we’ve whetted your appetite, let’s delve deeper into each platform and let you decide which one rings your bell—HFM or Olymp Trade. Hint—it’s like choosing between two mouth-watering desserts. There’s no wrong choice!
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 | HFM | Olymp Trade |
|---|---|---|
| Regulatory Compliance? | Yes | Yes |
| Publicly traded company? | No | No |
| Does it offer banking services? | No | No |
| Year Founded | 2010 | 2014 |
| Country headquarters | UK | Republic of Vanuatu |
| Website Language Options | en, ar, chi(t/s), de, es, fr, po, ru, tur, thai, ko, ind, viet, mal, it, tag | 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? | No | No |
📍Elite Signals offers real-time insights
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
| Data | HFM | 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) | Yes | 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) | No | No |
| Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
| Data | HFM | 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) | No | No |
| IIROC (Investment Industry Regulatory Organization of Canada) | No | No |
| SFC (Securities and Futures Commission) | No | No |
🏛️Tier 2 Regulatory Authorities:
| Data | HFM | Olymp Trade |
|---|---|---|
| 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:
| Data | HFM | Olymp Trade |
|---|---|---|
| Offshore Regulators | No | Yes |
| MMA (Maldives Monetary Authority) | No | No |
| EDR (External Dispute Resolution) | No | No |
| FSA (Seychelles Financial Services Authority) | Yes | 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 | HFM | Olymp Trade |
|---|---|---|
| Leverage for Non-EU Clients | 1000:1 | 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 | HFM | Olymp Trade |
|---|---|---|
| Demo Account Access | Yes | Yes |
| Expiration of Demo Accounts | Yes | Yes |
| Account Currency Choices | EUR, GBP, USD, ZAR, AED | USD, EUR, GBP, AUD, CAD, NZD, CHF, JPY |
| Standard Accounts | Yes | Yes |
| Micro-lots Accounts | Yes | Yes |
| Low-cost Account (nano lots) | Yes | Yes, $10 |
| Variable Spread Accounts | Yes | Yes |
| Fixed Spread Accounts | No | Yes |
| Zero Spread Accounts | Yes | No |
| ECN Accounts | No | Yes |
| Swap-Free Accounts | Yes | No |
| Islamic Accounts | Yes | No |
| Professional Trading Accounts | Yes | No |
| Active Trader Rewards Program | No | Yes |
💰Deposits and Withdrawals:
| Data | HFM | Olymp Trade |
|---|---|---|
| Minimum Deposit Requirements | 5 | 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 | Yes | Yes |
| Additional Payment Methods | Bank Transfer,Credit Card ,PayPal, Neteller,Skrill | Bank transfer, credit/debit card, WebMoney, Qiwi, China UnionPay, cryptocurrencies |
| Deposit Processing Time | up to 10 minutes | Instant |
| Withdrawal Processing Time | 2 business days | Yes |
Fees and Charges:
| Data | HFM | Olymp Trade |
|---|---|---|
| Deposit-related Fees | No | No |
| Commissions on Withdrawals | No | Yes |
| Overnight/Swap Charges | Yes | Yes |
| Account Inactivity Fees | No | Yes |
| Currency Conversion Costs | No | Yes |
| Are bonus Programs Available? | Yes | Yes |
Security Protocols and Measures:
| Data | HFM | Olymp Trade |
|---|---|---|
| (2FA) available? | Yes | Yes |
| (SSL) security? | Yes | Yes |
| (AML) Policy Compliance | Yes | No |
| Know Your Customer (KYC) | Yes | Yes |
🌐Brand Influence:
| Data | HFM | Olymp Trade |
|---|---|---|
| Twitter Follower Counts | 9754 | 25.2K |
💹Forex Fixed Spreads:
| Data | HFM | 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 | HFM | Olymp Trade |
|---|---|---|
| Direct Market Access (DMA) | No | No |
| Straight Through Processing (STP) | Yes | No |
| Electronic Communication Network (ECN) Execution | Yes | No |
| Market Maker Model | No | 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:
| Data | HFM | Olymp Trade |
|---|---|---|
| Stop Loss Orders | Yes | Yes |
| Take Profit Orders | Yes | Yes |
| Limit Orders | Yes | Yes |
| Fill or Kill (FOK) Orders | No | No |
| Trailing Stop Orders | Yes | Yes |
| Margin Call Alerts | Yes | Yes |
| One Cancels Other (OCO) Orders | No | Yes |
| Guaranteed Stop Loss Orders | Yes | Yes |
| Negative Balance Protection Measures | Yes | No |
| Minimum Trade Sizes | 0.01 lots | Yes |
| Maximum Trade Sizes | 100 lots | Yes |
Available Asset Classes:
| Data | HFM | Olymp Trade |
|---|---|---|
| Forex Currency Pairs | 51 | Yes |
| Cryptocurrencies | No | Yes |
| Commodities | 9 | Yes |
| Equities | - | No |
| Market Indices | 22 | No |
| Exchange-Traded Funds (ETFs) | No | No |
| Futures Contracts | 18 | No |
| Options Contracts | No | Yes |
| Bonds | 3 | No |
| Metals | 7 | Yes |
| Agricultural Products | 4 | No |
| Energy Resources | 5 | 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 | 9 | Yes |
| Gold Market Trading | Yes | Yes |
Special Account Features:
| Data | HFM | Olymp Trade |
|---|---|---|
| Multi-Account Manager (MAM) | No | Yes |
| Percentage Allocation Money Management (PAMM) | Yes | No |
| Social Trading Integration | Yes | No |
| Copy Trading Support | Yes | No |
| Lot Allocation Money Management (LAMM) | No | Yes |
Supported Trading Techniques:
| Data | HFM | 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 | HFM | 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 | HFM | Olymp Trade |
|---|---|---|
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows Mobile App | No | Yes |
| Mobile Trading Signal Integration | No | 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, de, es, fr, gre, po, pol, ru, thai, ind, mal, it, 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 | HFM | Olymp Trade |
|---|---|---|
| Crude Oil Trading | 0.05 | Yes |
| Natural Gas Trading | 1.1 | No |
| Silver Markets | 0.03 | Yes |
| Platinum Trading | 3 | Yes |
| Copper Trading | 0.005 | Yes |
| Soybean Contracts | No | No |
| Corn Markets | No | Yes |
| Gold Markets | 0.19 | Yes |
| Lithium Markets | No | Yes |
Stock Trading Fees:
| Data | HFM | 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 | HFM | Olymp Trade |
|---|---|---|
| FTSE 100 Fee Structure | 1.18 | Yes, 0.05% per trade |
| S&P 500 Fee Structure | 0.4 | No |
| Dow Jones Fee Structure | 2.8 | Yes |
| Nasdaq Fee Structure | 2.08 | No |
| CAC 40 Fee Structure | 1 | Yes |
| DAX 30 Fee Structure | 1.5 | Yes |
| Nikkei 225 Fee Structure | 9 | Yes |
| Euro Stoxx 50 Fee Structure | No | No |
Cryptocurrency Trading Fees: Maker-Taker-Spread
| Data | HFM | Olymp Trade |
|---|---|---|
| Bitcoin Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Ethereum Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Ripple Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Binance Coin Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Cardano Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Solana Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Polygon Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Dogecoin Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Chainlink (LINK) Fees | 0.10%, 0.10%, Up to 2% | (binary option) |
| Polkadot (DOT) | 0.10%, 0.10%, Up to 2% | (binary option) |
| Avalanche (AVAX) | 0.10%, 0.10%, Up to 2% | (binary option) |
Available Trading Platforms:
| Data | HFM | 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 | No | Yes |
| Proprietary Web-based Platform | No | Yes |
| Mac-Compatible Platform Options | No | Yes |
| Sirix Trading Platform | No | Yes |
Education Resources:
| Data | HFM | 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 | Yes | Yes |
| Tutorial guides | No | Yes |
| Terminology Glossary | No | Yes |
Customer Support Options:
| Data | HFM | 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 | Yes |
Research-Tools:
| Data | HFM | Olymp Trade |
|---|---|---|
| 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) | No | Yes |
| Analysis From Delkos Research | No | No |
| AutoChartist Tool | Yes | No |
| Trader Sentiment Metrics | No | Yes |
| Twitter-Based News Updates | Yes | Yes |
| Facebook-Based News Updates | Yes | Yes |
| Daily Market Commentary | Yes | Yes |
Unmasking HFM: The Good, The Bad, and The Trading
Get Your Cake and Eat It Too 🎂
HFM checks several boxes for seasoned traders. With its top-tier regulatory authorities, such as CySEC and FCA, safety won’t keep you up at night. The platform offers a vast array of tradable assets, including forex pairs, cryptocurrencies, equities, and more.
Hitting Some Snags 💢
However, newcomers might feel overwhelmed with HFM’s complexity. Its desktop platform can look like a NASA control panel to the uninitiated! The platform’s minimum deposit can be a bit steep, stepping up the barrier for newbies.
On Spotlight: Olymp Trade- Pros and Cons
Trade Like a Pro, Even If You’re Not 😎
Olymp Trade keeps its platform as simple as making a sandwich. Its user-friendly interface invites beginners with open arms. And there’s more—Olymp Trade offers an impressive library of educational resources, including webinars, courses, and even 1-on-1 mentoring sessions.
Some Lumps in the Gravy 🥴
While Olymp Trade offers an excellent platform for beginners, experienced traders may find its tradable asset selection somewhat limited. Besides, some traders have expressed concerns about its regulatory status, although it is a member of the Financial Commission.
Diving Deeper: HFM’s Key Features
HFM: Where ‘Advanced’ Meets ‘Trading’ ☝️
At HFM, the features align to accommodate the needs of seasoned traders. With HFM’s advanced charting tools, the global financial market is literally at your fingertips! From analyzing historical market trends to predicting future movements, its resources are myriad.
Like Your Coffee? HFM Has Variety, Too ☕
HFM’s vast asset portfolio caters to a wide range of trading interests. Forex pairs, commodities, cryptocurrencies, indices, and equities—you’re spoilt for choice! The cherry on top? HFM offers hyper-efficient trade execution. Your trade orders had never looked this swift!
Exploring Olymp Trade: Devil Is in the Details
Dance with Olymp Trade’s Simplicity 💃
Olymp Trade’s simplicity breaks down complexities, making it easy to focus on making smart trading decisions. There’s almost a zen-like focus in an environment that isn’t crowded with too many advanced features.
Space Age Education, Medieval Trading? Not at Olymp Trade! 🪐
The educational resources Olymp Trade offers are akin to the legendary Library of Alexandria. From in-depth courses and webinars to one-on-one mentoring sessions, there’s something for every learner. Its demo account further aids in honing skills without the risk of actual financial loss. Ready to trade? Olymp Trade makes the transition as smooth as butter with its low initial deposit.
The Final Verdict: HFM or Olymp Trade?
With HFM and Olymp Trade staging their performances, one can’t deny the showmanship of both platforms. It’s a tight race indeed. But remember, don’t get swayed by the flashing lights alone. Know your trading needs and goals well, and choose the platform that harmonizes best with them.
Is it the advanced nature of HFM or the simplicity of Olymp Trade that steals your heart? Remember, in the end, it’s not about the platform but the harmony between your trading needs and the features offered—and, of course, the tunes of profit you’d like to dance to!
The Final Verdict: HFM or Olymp Trade?
Choosing between HFM and Olymp Trade is like picking between classical and jazz. They both have their melodies and tempo that cater to different audiences. Remember, the best trading platform for you is one that meets your trading needs and aligns with your financial goals.
Frequently Asked Questions: HFM vs Olymp Trade
Ain’t No Question Too Tricky! 🤓🔍
Q1. Are HFM and Olymp Trade regulated?
Yes, both are regulated. HFM is regulated by top-tier authorities like the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Olymp Trade, on the other hand, is a member of the Financial Commission, an independent regulatory organization.
Q2. Can beginners use HFM or Olymp Trade?
Definitely! Both platforms cater to beginners, but in different ways. HFM might come off as a bit intimidating due to its advanced features. However, Olymp Trade is renowned for its user-friendly interface and extensive educational materials, which are ideal for newcomers.
Q3. Which one is better for professional traders, HFM or Olymp Trade?
It depends on what you’re seeking in a platform. HFM is designed with advanced features and a vast array of assets that likely appeal to professional traders. Olymp Trade, although beginner-friendly, can also serve seasoned traders who prefer a straightforward and intuitive platform.
Q4. Are there any deposit requirements for these platforms?
Both HFM and Olymp Trade require initial deposits. HFM has a relatively higher deposit requirement compared to Olymp Trade, which is known for its low entry barriers.
Q5. What learning resources do these platforms offer?
HFM provides customized trading strategies, while Olymp Trade offers a broad range of educational resources from webinars to courses and 1-on-1 mentoring to help traders at various levels enhance their trading skills.
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!
Author & Expert Trader - Financial Analyst:
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