To cut a long story short: IC Markets and Olymp Trade, both come with their unique strengths. Still, for an experienced trader seeking advanced functionalities, IC Markets leads. While Olymp Trade serves as an ideal platform for beginners with its user-friendly and intuitive platform.
Key Takeaways
| →IC Markets boasts unparalleled variety of trading instruments |
| →Olymp Trade shines with user-friendly platform & educational content |
| →Both platforms ensure high standard of security and regulation |
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 | IC Markets | Olymp Trade |
|---|---|---|
| Regulatory Compliance? | Yes | Yes |
| Publicly traded company? | Yes | No |
| Does it offer banking services? | Yes | No |
| Year Founded | 1974 | 2014 |
| Country headquarters | Australia | Republic of Vanuatu |
| Website Language Options | en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi | 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? | Yes | No |
| Canadian Clients Accepted? | No | No |
📍Elite Signals offers real-time insights
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
| Data | IC 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, supports (HFT, Algo, API) | No |
| Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
| Data | IC Markets | Olymp Trade |
|---|---|---|
| FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | (Body replaced by(FCA) in 2013) |
| FCA (Financial Conduct Authority) | Yes | No |
| MAS (Monetary Authority of Singapore) | Yes | No |
| FINMA (Swiss Financial Market Supervisory Authority) | Yes | No |
| CFTC (Commodity Futures Trading Commission) | Yes | 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 | IC Markets | Olymp Trade |
|---|---|---|
| FMA (Financial Markets Authority) | Yes | 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) | Yes | No |
| CBRC (China Banking Regulatory Commission) | No | No |
| CySEC (Cyprus Securities and Exchange Commission) | No | No |
| ISA (Israel Securities Authority) | No | No |
🏛️Tier 3 Regulatory Oversight:
| Data | IC 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) | Yes | No |
| BVI (British Virgin Islands Financial Services Commission) | No | No |
Max Leverage Options:
| Data | IC Markets | Olymp Trade |
|---|---|---|
| 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 | 50:1 | 1/500 |
| Canadian Leverage Rules | 0 | No |
📂Account Offerings:
| Data | IC Markets | Olymp Trade |
|---|---|---|
| Demo Account Access | Yes | Yes |
| Expiration of Demo Accounts | No | Yes |
| Account Currency Choices | AUD, EUR, GBP, USD, ZAR, AED, CHF, JPY, NZD, SGD | USD, EUR, GBP, AUD, CAD, NZD, CHF, JPY |
| Standard Accounts | Yes | Yes |
| Micro-lots Accounts | Yes | Yes |
| Low-cost Account (nano lots) | Yes, $10 | |
| Variable Spread Accounts | Yes | Yes |
| Fixed Spread Accounts | No | Yes |
| Zero Spread Accounts | No | No |
| ECN Accounts | No | Yes |
| Swap-Free Accounts | No | No |
| Islamic Accounts | No | No |
| Professional Trading Accounts | Yes | No |
| Active Trader Rewards Program | Yes | Yes |
💰Deposits and Withdrawals:
| Data | IC Markets | Olymp Trade |
|---|---|---|
| Minimum Deposit Requirements | Yes $300 | 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 | No | Yes |
| Skrill Compatibility | No | Yes |
| Additional Payment Methods | Bank Transfer, Credit Card,PayPal | Bank transfer, credit/debit card, WebMoney, Qiwi, China UnionPay, cryptocurrencies |
| Deposit Processing Time | instant | Instant |
| Withdrawal Processing Time | 1 business day | Yes |
Fees and Charges:
| Data | IC Markets | Olymp Trade |
|---|---|---|
| Deposit-related Fees | Yes | No |
| Commissions on Withdrawals | No | Yes |
| Overnight/Swap Charges | Yes | Yes |
| Account Inactivity Fees | Yes | Yes |
| Currency Conversion Costs | Yes | Yes |
| Are bonus Programs Available? | No | Yes |
Security Protocols and Measures:
| Data | IC 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 | IC Markets | Olymp Trade |
|---|---|---|
| Twitter Follower Counts | 10.2K | 25.2K |
💹Forex Fixed Spreads:
| Data | IC 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 | IC Markets | Olymp Trade |
|---|---|---|
| Direct Market Access (DMA) | Yes | No |
| Straight Through Processing (STP) | Yes | No |
| Electronic Communication Network (ECN) Execution | No | No |
| Market Maker Model | No | 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 | IC Markets | 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 | IC Markets | Olymp Trade |
|---|---|---|
| Forex Currency Pairs | 90 | Yes |
| Cryptocurrencies | 90 | Yes |
| Commodities | 34 | Yes |
| Equities | - | No |
| Market Indices | 37 | No |
| Exchange-Traded Funds (ETFs) | 20 | No |
| Futures Contracts | 5 | No |
| Options Contracts | 20 | Yes |
| Bonds | 12 | No |
| Metals | 5 | Yes |
| Agricultural Products | No | No |
| Energy Resources | 6 | No |
| Interest Rates | Yes | No |
| Penny Stocks | Yes | |
| Initial Public Offerings (IPOs) | Yes | No |
| Asset Blends | 1 | 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 | IC Markets | Olymp Trade |
|---|---|---|
| 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:
| Data | IC Markets | Olymp Trade |
|---|---|---|
| Scalping Strategies | Yes | Yes |
| Hedging Techniques | Yes | No |
| Spread Betting Opportunities | Yes | 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 | IC Markets | Olymp Trade |
|---|---|---|
| One-Click Trade Execution | Yes | Yes |
| Signal Trading Availability | Yes | Yes |
| Price Alert Notifications | Yes | Yes |
| Number of Chart Indicators Offered | 22 | Yes |
| Number of Chart Drawing Tools Provided | 17 | Yes |
| Direct Trading From Charts | Yes | Yes |
| Customizable Watchlist | Yes | Yes |
Mobile Trading Compatibility:
| Data | IC 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, de, es, fr, po | 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 | IC Markets | Olymp Trade |
|---|---|---|
| Crude Oil Trading | 2.8 | Yes |
| Natural Gas Trading | No | No |
| Silver Markets | 2 | Yes |
| Platinum Trading | No | Yes |
| Copper Trading | No | Yes |
| Soybean Contracts | No | No |
| Corn Markets | No | Yes |
| Gold Markets | 0.3 | Yes |
| Lithium Markets | Yes | Yes |
Stock Trading Fees:
| Data | IC Markets | Olymp Trade |
|---|---|---|
| Apple Shares | $0-$3 | $0-$1 |
| Amazon (AMZN) Shares | $0-$3 | $0-$1 |
| Invidia Shares | $0-$3 | $0-$1 |
| META Shares | $0-$3 | $0-$1 |
| Ford Motor Co Shares | $0-$3 | $0-$1 |
| Alphabet (GOOGL) Shares | $0-$3 | $0-$1 |
| BP Shares | $0-$3 | $0-$1 |
| Tesco Shares | $0-$3 | $0-$1 |
| Barclays Shares | $0-$3 | $0-$1 |
| Lloyds Shares | $0-$3 | $0-$1 |
| Adobe (ADBE) Shares | $0-$3 | $0-$1 |
| Microsoft (MSFT) Shares | $0-$3 | $0-$1 |
| Nvidia (NVDA) Shares | $0-$3 | $0-$1 |
Index Trading Fees:
| Data | IC Markets | Olymp Trade |
|---|---|---|
| FTSE 100 Fee Structure | 1 | Yes, 0.05% per trade |
| S&P 500 Fee Structure | 0.4 | No |
| Dow Jones Fee Structure | - | Yes |
| Nasdaq Fee Structure | 1 | No |
| CAC 40 Fee Structure | 1 | Yes |
| DAX 30 Fee Structure | 2 | Yes |
| Nikkei 225 Fee Structure | 7 | Yes |
| Euro Stoxx 50 Fee Structure | 2 | No |
Cryptocurrency Trading Fees: Maker-Taker-Spread
| Data | IC Markets | Olymp Trade |
|---|---|---|
| Bitcoin Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Ethereum Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Ripple Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Binance Coin Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Cardano Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Solana Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Polygon Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Dogecoin Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Chainlink (LINK) Fees | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Polkadot (DOT) | 0.01%, 0.07%, Up to 2.5% | (binary option) |
| Avalanche (AVAX) | 0.01%, 0.07%, Up to 2.5% | (binary option) |
Available Trading Platforms:
| Data | IC 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 | No | Yes |
| MT4 Web Platform | No | Yes |
| MT5 Desktop App | No | Yes |
| MT5 Web Interface | No | No |
| Tradingview | No | No |
| Proprietary Desktop Software | No | Yes |
| Proprietary Web-based Platform | Yes | Yes |
| Mac-Compatible Platform Options | Yes | Yes |
| Sirix Trading Platform | No | Yes |
Education Resources:
| Data | IC 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 | Yes | Yes |
| Tutorial guides | Yes | Yes |
| Terminology Glossary | Yes | Yes |
Customer Support Options:
| Data | IC 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, dan, de, es, fr, ne, nor, po, ru, swe, it, swi | Yes |
Research-Tools:
| Data | IC Markets | 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 | Yes | Yes |
| Twitter-Based News Updates | Yes | Yes |
| Facebook-Based News Updates | Yes | Yes |
| Daily Market Commentary | Yes | Yes |
Under the Hood – Features and Conditions
Table of content
- Under the Hood – Features and Conditions
- Olymp Trade: The People’s Champion or Apprentice Sorcerer?
- IC Markets: A Smorgasbord of Options or Tools Galore?
- Trading Platforms
- Fees, Spreads, and Commissions
- Which Platform is Safer?
- Pros and Cons
- Olymp Trade
- IC Markets
- User Experience
- Olymp Trade: Warriors of Simplicity?
- IC Markets: Advanced Tech, Steep Learning Curve?
- Access To Global Markets
- Scalability
- Deposits & Withdrawals
- Customer Support
- Regulatory Compliance
- The Verdict
- Frequently Asked Questions (FAQs)
- 💰Do Olymp Trade and IC Markets charge commission on trades?
- 📜 Are both platforms regulated?
- 🌍 Which platform offers a greater variety of trading instruments?
- 🎓 Which platform is more suitable for beginners?
- 🔧 What platforms do IC Markets and Olymp Trade use?
- 💨 How quick are withdrawals?
- 👥 How reliable is their customer support?
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
Olymp Trade: The People’s Champion or Apprentice Sorcerer?
Launched in 2014, Olymp Trade thrived by providing an easy-to-navigate platform, making forex trading no more complex than casting a magic spell 🎩✨. Geared heavily towards beginners, it provides an interactive education and training platform. With its easily accessible customer service and a wide array of languages supported, Olymp Trade has steadily carved a place in the forex market.
However, when it comes to trading instruments, Olymp Trade might leave you with a feeling of “Is this all?” 😟 Just around 80 financial instruments to trade, including forex, commodities, and ETFs.
IC Markets: A Smorgasbord of Options or Tools Galore?
Since 2007, IC Markets has grown to become the advanced trader’s playground. Offering 1700+ tradable assets across forex, CFDs, crypto, stocks, and more, it’s like a trader’s paradise loaded with options. Throw in superior trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, and you may begin to understand why many professional traders turn to IC Markets.
However, with a vast variety of options comes complexity! Hence, beginners may find its platform a little intimidating at first, like trying to navigate a labyrinth with a malfunctioning compass. 😓
Trading Platforms
Both boast impressive platforms. Olymp Trade provides its custom-developed web platform, focusing on straightforwardness, while IC Markets connects through MT4, MT5, and cTrader, granting traders advanced trading functions.
While both feature mobile apps for trading on-the-go, only Olymp Trade has won awards for their app’s interface 💁♂️.
Fees, Spreads, and Commissions
IC Markets, unlike its savvy Wall Street counterparts, embraces the no-commission model on some accounts. The spreads are highly competitive and could turn into a tight fist fight with Olymp Trade.
Olymp Trade, on the other hand, charges no commissions but their spreads can be wider. So, for active trades, the cost might pile up like a nasty stack of unwashed dishes 🍽️ 💸.
Which Platform is Safer?
Both platforms maintain high security standards. IC Markets is regulated by Australian Securities and Investments Commission(ASIC) and Seychelles Financial Services Authority (FSA). Olymp Trade, regulated by the International Financial Commission (IFC), provides strong security measures, including SSL encryption. Safety’s their mutual vow – break it, face the music 🥁🔒.
Pros and Cons
Olymp Trade
Pros: 👍
- Easy-to-use platform
- Great for beginners
- Extensive educational material
Cons: 👎
- Limited financial instruments
- Spreads could be lower
IC Markets
Pros: 👍
- Vast selection of financial instruments
- Choice of trading platforms
- Competitive spreads
Cons: 👎
- Could be complex for beginners
User Experience
Olymp Trade: Warriors of Simplicity?
Olymp Trade has cultivated a robust platform tailored for ease-of-use. An intuitive interface, complemented by a mobile app with an award-winning design, appeals to newbie traders. Their extensive range of educational tools and resources aid users in grasping forex trading quicker than a chameleon catching a fly. 🦎 This, coupled with a responsive and resourceful customer support team, ensures a hassle-free trading experience.
However, seasoned traders seeking more advanced tools may find Olymp Trade slightly underwhelming. Picture a bunch of engineers using a basic toolkit – functional, but far from ideal.
IC Markets: Advanced Tech, Steep Learning Curve?
IC Markets distinguishes itself with a platform rich in features and tools designed for more experienced traders. Its integration with MetaTrader and cTrader platforms offers a profusion of advanced charting and analytical tools. It’s akin to transforming from a push bike to a high-speed sports bike: thrilling but intimidating to the uninitiated! 🚴 ↗️ 🚀
IC Markets’ platform might have a steep learning curve, but the plethora of trading options it provides is worthy of the initial effort.
Access To Global Markets
With Olymp Trade being more limited in its range of instruments, access to global markets is fairly restricted. It’s like trying to globe-trot with only a handful of travel destinations.
On the contrary, IC Markets offers a passport to the global financial world with a vast array of tradable assets.
Scalability
IC Markets might nab the trophy 🏆 here as it is designed to grow with the trader. It’s equally suitable for a beginner, skilled trader, or a trading master, allowing progression with an advanced range of tools and instruments available.
Olymp Trade primarily caters to the beginner market, and while it indeed provides an excellent launchpad, its offerings might limit your growth as you gain experience and develop advanced strategies.
Deposits & Withdrawals
Both platforms provide various deposit and withdrawal methods, including bank transfers, credit/debit cards, and numerous e-wallets. They both strive for quick and hassle-free processes, rather like making an online purchase, but with the added thrill of possible significant returns on investment.
Bear in mind, though, international withdrawal speed might vary due to different financial regulations worldwide. In short, prepare for occasional slow dances while the transactions clear. 💃💸
Customer Support
As a forex trader, access to timely and helpful customer support can make a world of difference, like having a reliable wingman in a battle.
Olymp Trade excels here with 24/7 customer support, available via live chat, email, or phone. Their hands-on approach might just snatch the cherry on top 🍒 .
IC Markets also provides excellent customer support. Their team is like a band of Avengers at traders’ disposal, aiding traders combat challenges swiftly. However, they’re yet to introduce a 24/7 service. This leaves room for Olymp Trade to sneak in and gain an upper hand. ⌛🤔
Regulatory Compliance
Regulatory compliance isn’t merely a mouthful of syllables, but an assurance of safety and transparency. Both Olymp Trade and IC Markets have implemented rigorous measures and are bound by international regulatory bodies.
So, rest assured, your hard-earned investments are as safe as guarded treasure in Aladdin’s Cave. 💰🔐
Now, as we journey towards the exciting verdict, let’s take a deep breath – the suspense is like waiting for your score in a game show, isn’t it?
The Verdict
Here’s the long and short of it: both IC Markets and Olymp Trade are reliable, each satisfying the requirements of different trader profiles.
The user-friendly Olymp Trade is a great stepping stone for beginners dipping their toes in the forex market, complete with helpful tutorials and customer support. While IC Markets, with its advanced functionalities and extensive range of offerings, caters more to the seasoned traders honing their strategies.
Remember, the best choice depends on you – the type of trader you are, your knowledge level, and what you’re looking for in a trading platform. After all, one man’s meat is another man’s poison, right? 😉
Happy trading in 2023, folks! 💹🙌💰
Frequently Asked Questions (FAQs)
💰Do Olymp Trade and IC Markets charge commission on trades?
IC Markets does not charge commission on some of its accounts, while Olymp Trade operates a no-commission model. However, the latter’s spreads can be wider, leading to potentially higher costs for active trades.
📜 Are both platforms regulated?
Yes, both Olymp Trade and IC Markets adhere to regulatory compliance. Olymp Trade is regulated by the International Financial Commission (IFC), while IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and Seychelles Financial Services Authority (FSA).
🌍 Which platform offers a greater variety of trading instruments?
While Olymp Trade offers around 80 financial instruments, IC Markets takes the cake with a whopping 1700+ tradable assets.
🎓 Which platform is more suitable for beginners?
Olymp Trade, with its user-friendly and simple platform, is a great starting point for beginners. Meanwhile, IC Markets, due to its advanced functionalities and expansive selection of tradable assets, is more appealing to experienced traders.
🔧 What platforms do IC Markets and Olymp Trade use?
Olymp Trade uses its custom-developed web platform, while IC Markets provides access to advanced trading platforms like MetaTrader 4, MetaTrader 5, and cTrader.
💨 How quick are withdrawals?
Both platforms strive for quick withdrawal processing. However, the processing speed may vary based on user’s location and chosen banking method. It’s generally advisable to prepare for occasional slower transactions.
👥 How reliable is their customer support?
Both provide reliable customer support, but Olymp Trade inches ahead by offering 24/7 support, compared to IC Markets’ limited coverage hours.
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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