After exhaustive research, the verdict is in—both IQ Option and Olymp Trade are neck to neck when it comes to offering user-friendly and reliable online trading platforms. However, each presents its unique feature-set, advantages, and shortcomings.
Key Takeaways
→Both platforms allow for multi-instrument trading; nevertheless, IQ Option offers a slightly more extensive range. |
→Olymp Trade is recognized for its user-friendly interface and intuitive operation. |
→Both Olymp Trade and IQ Option have pitfalls, such as limited educational resources and regulatory restrictions respectively. |
The Big Picture: IQ Option and Olymp Trade
Table of content
- The Big Picture: IQ Option and Olymp Trade
- First Up: IQ Option
- Welcome to The IQ Club—Where Quality Meets Variety
- The IQ Setback – A Scroll of Regulations
- Next: Olymp Trade
- An Olympian Touch—User Friendly and Beginner’s Hub
- A Hurdle in the Olymp Race—Educational Awry
- Scratching the Surface: A Deeper Dive into IQ Option & Olymp Trade
- IQ Option: A Closer Look
- The Green Flag – Platform Layout, Assets, and Tools
- Up the IQ Ladder: Tutorials and Analysis
- The Red Flag – Customer Service and Withdrawal Delays
- Olymp Trade: A Closer Look
- The Green Flag – Demo Accounts, Interface, and Responsive Support
- Mastering the Trade: Olympian Assistance
- The Red Flag – Limited Financial Instruments and Educational Content
- Consultation
- FAQs: All Things Trading – IQ Option vs Olymp Trade
- 1. Question: Do IQ Option and Olymp Trade have demo accounts for practice?
- 2. Question: Can I trade cryptocurrencies on IQ Option and Olymp Trade?
- 3. Question: Is customer support available 24/7 on both platforms?
- 4. Question: Are IQ Option and Olymp Trade mobile-friendly?
- 5. Question: Which platform is better for beginners? IQ Option or Olymp Trade?
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
IQ Option and Olymp Trade, two titans of the online trading world, often leave traders in a stitch about which platform to lean on. Situated within the complex web of financial instruments, they both offer a rich array of options to dabble in forex, cryptocurrencies, stocks, and much more. Let us delve further into this face-off. 😉
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 | IQ Option | Olymp Trade |
---|---|---|
Regulatory Compliance? | Yes | Yes |
Publicly traded company? | Yes (part of flatexDEGIRO) | No |
Does it offer banking services? | Yes (UK) | No |
Year Founded | 2013 | 2014 |
Country headquarters | Cyprus | Republic of Vanuatu |
Website Language Options | EN, DE, FR, IT, ES, NL, PT, PL, CZ, BG, RU, TR, UA | 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 | Stock, Crypto, & Forex
Type of assets offered:
Data | IQ Option | Olymp Trade |
---|---|---|
Forex (e.g. USDJPY or EURGBP) | No | 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) | No | No |
Cryptos (BTC or ETH) | No | No |
Stocks and ETFs (TESL or AAPL) | No | 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 | IQ Option | 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 | IQ Option | 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 | IQ Option | Olymp Trade |
---|---|---|
Offshore Regulators | Yes | Yes |
MMA (Maldives Monetary Authority) | No | No |
EDR (External Dispute Resolution) | Yes | No |
FSA (Seychelles Financial Services Authority) | Yes | No |
SCB (Securities Commission of The Bahamas) | Yes | Yes |
FSC (Financial Services Commission, Mauritius) | No | No |
VFSC (Vanuatu Financial Services Commission) | Yes | 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 | IQ Option | Olymp Trade |
---|---|---|
Leverage for Non-EU Clients | 1/500 | 1/500 |
European Leverage Limits | 30:1 | Not avelible in EU |
Leverage in Australia | N/A | N/A |
US Leverage Restrictions | 1/500 | 1/500 |
Canadian Leverage Rules | No | No |
📂Account Offerings:
Data | IQ Option | Olymp Trade |
---|---|---|
Demo Account Access | Yes | Yes |
Expiration of Demo Accounts | Yes | Yes |
Account Currency Choices | EUR, USD, GBP, AUD, CAD, NZD, CHF, JPY | USD, EUR, GBP, AUD, CAD, NZD, CHF, JPY |
Standard Accounts | Yes | Yes |
Micro-lots Accounts | Yes | Yes |
Low-cost Account (nano lots) | Yes, $10 | Yes, $10 |
Variable Spread Accounts | Yes | Yes |
Fixed Spread Accounts | Yes | Yes |
Zero Spread Accounts | Yes | No |
ECN Accounts | Yes | Yes |
Swap-Free Accounts | No | No |
Islamic Accounts | No | No |
Professional Trading Accounts | No | No |
Active Trader Rewards Program | Yes | Yes |
💰Deposits and Withdrawals:
Data | IQ Option | Olymp Trade |
---|---|---|
Minimum Deposit Requirements | Yes, $10 | Yes, $10 |
Minimum Withdrawal Limits | Yes, $20 | Yes, $50 |
Credit Card Options | Visa, Mastercard, Maestro | 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/debit card, PayPal, Skrill, Neteller, Sofort, iDeal, Giropay, EPS, Bancontact, Przelewy24, WebMoney, Qiwi, China UnionPay, cryptocurrencies | Bank transfer, credit/debit card, WebMoney, Qiwi, China UnionPay, cryptocurrencies |
Deposit Processing Time | Instant | Instant |
Withdrawal Processing Time | Yes | Yes |
Fees and Charges:
Data | IQ Option | Olymp Trade |
---|---|---|
Deposit-related Fees | Yes | No |
Commissions on Withdrawals | Yes | Yes |
Overnight/Swap Charges | Yes | Yes |
Account Inactivity Fees | Yes | Yes |
Currency Conversion Costs | Yes | Yes |
Are bonus Programs Available? | Yes | Yes |
Security Protocols and Measures:
Data | IQ Option | Olymp Trade |
---|---|---|
(2FA) available? | Yes | Yes |
(SSL) security? | Yes | Yes |
(AML) Policy Compliance | Yes | No |
Know Your Customer (KYC) | Yes | Yes |
🌐Brand Influence:
Data | IQ Option | Olymp Trade |
---|---|---|
Twitter Follower Counts | 77.5K | 25.2K |
💹Forex Fixed Spreads:
Data | IQ Option | Olymp Trade |
---|---|---|
EUR/GBP Spread Range | No | No |
EUR/USD Spread Range | No | No |
USD/JPY Spread Range | Yes | No |
GBP/USD Spread Range | No | No |
USD/CHF Spread Range | Yes | Yes |
AUD/USD Spread Range | No | No |
USD/CAD Spread Range | Yes | No |
NZD/USD Spread Range | No | No |
Trade Execution Methods:
Data | IQ Option | Olymp Trade |
---|---|---|
Direct Market Access (DMA) | Yes | No |
Straight Through Processing (STP) | Yes | No |
Electronic Communication Network (ECN) Execution | No | No |
Market Maker Model | Yes | Yes |
Non-Dealing Desk (NDD) Approach | Yes | No |
First In, First Out (FIFO) Rule Application | Yes | Yes |
4-Digit Decimal Pricing | Yes | Yes |
5-Digit Decimal Pricing | Yes | Yes |
Order Types & Tools:
Data | IQ Option | 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 | Yes | Yes |
Guaranteed Stop Loss Orders | Yes | Yes |
Negative Balance Protection Measures | Yes | No |
Minimum Trade Sizes | Yes | Yes |
Maximum Trade Sizes | Yes | Yes |
Available Asset Classes:
Data | IQ Option | Olymp Trade |
---|---|---|
Forex Currency Pairs | Yes | Yes |
Cryptocurrencies | Yes | Yes |
Commodities | Yes | Yes |
Equities | Yes | No |
Market Indices | Yes | No |
Exchange-Traded Funds (ETFs) | No | No |
Futures Contracts | No | No |
Options Contracts | Yes | Yes |
Bonds | No | No |
Metals | Yes | Yes |
Agricultural Products | No | No |
Energy Resources | Yes | No |
Interest Rates | No | No |
Penny Stocks | Yes | Yes |
Initial Public Offerings (IPOs) | No | No |
Asset Blends | Yes | No |
Dow Jones Index | Yes | No |
FTSE 100 Index | Yes | No |
DAX Index | Yes | Yes |
Nikkei 225 Index | Yes | Yes |
Gold Market Trading | Yes | Yes |
Special Account Features:
Data | IQ Option | Olymp Trade |
---|---|---|
Multi-Account Manager (MAM) | Yes | Yes |
Percentage Allocation Money Management (PAMM) | Yes | No |
Social Trading Integration | Yes | No |
Copy Trading Support | Yes | No |
Lot Allocation Money Management (LAMM) | Yes | Yes |
Supported Trading Techniques:
Data | IQ Option | 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 | IQ Option | Olymp Trade |
---|---|---|
One-Click Trade Execution | Yes | Yes |
Signal Trading Availability | Yes | Yes |
Price Alert Notifications | Yes | Yes |
Number of Chart Indicators Offered | Yes | Yes |
Number of Chart Drawing Tools Provided | Yes | Yes |
Direct Trading From Charts | Yes | Yes |
Customizable Watchlist | Yes | Yes |
Mobile Trading Compatibility:
Data | IQ Option | Olymp Trade |
---|---|---|
Android App | Yes | Yes |
iOS App | Yes | Yes |
Windows Mobile App | Yes | Yes |
Mobile Trading Signal Integration | Yes | Yes |
App for Smartwatches | Yes | 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 | English, French, German, Spanish, Italian, Portuguese, Russian, Arabic, Turkish, Polish, Czech, Hungarian, Slovenian, Bulgarian, Romanian, Greek, Danish, Norwegian, Swedish, Finnish | 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 | IQ Option | Olymp Trade |
---|---|---|
Crude Oil Trading | Yes | Yes |
Natural Gas Trading | No | No |
Silver Markets | Yes | Yes |
Platinum Trading | Yes | Yes |
Copper Trading | Yes | Yes |
Soybean Contracts | No | No |
Corn Markets | Yes | Yes |
Gold Markets | Yes | Yes |
Lithium Markets | Yes | Yes |
Stock Trading Fees:
Data | IQ Option | Olymp Trade |
---|---|---|
Apple Shares | $0-$1 | $0-$1 |
Amazon (AMZN) Shares | $0-$1 | $0-$1 |
Invidia Shares | $0-$1 | $0-$1 |
META Shares | $0-$1 | $0-$1 |
Ford Motor Co Shares | $0-$1 | $0-$1 |
Alphabet (GOOGL) Shares | $0-$1 | $0-$1 |
BP Shares | $0-$1 | $0-$1 |
Tesco Shares | $0-$1 | $0-$1 |
Barclays Shares | $0-$1 | $0-$1 |
Lloyds Shares | $0-$1 | $0-$1 |
Adobe (ADBE) Shares | $0-$1 | $0-$1 |
Microsoft (MSFT) Shares | $0-$1 | $0-$1 |
Nvidia (NVDA) Shares | $0-$1 | $0-$1 |
Index Trading Fees:
Data | IQ Option | Olymp Trade |
---|---|---|
FTSE 100 Fee Structure | Yes, 0.07% per trade | Yes, 0.05% per trade |
S&P 500 Fee Structure | Yes | No |
Dow Jones Fee Structure | Yes | Yes |
Nasdaq Fee Structure | Yes | No |
CAC 40 Fee Structure | Yes | Yes |
DAX 30 Fee Structure | Yes | Yes |
Nikkei 225 Fee Structure | Yes | Yes |
Euro Stoxx 50 Fee Structure | Yes | No |
Cryptocurrency Trading Fees: Maker-Taker-Spread
Data | IQ Option | Olymp Trade |
---|---|---|
Bitcoin Fees | (binary option) | (binary option) |
Ethereum Fees | (binary option) | (binary option) |
Ripple Fees | (binary option) | (binary option) |
Binance Coin Fees | (binary option) | (binary option) |
Cardano Fees | (binary option) | (binary option) |
Solana Fees | (binary option) | (binary option) |
Polygon Fees | (binary option) | (binary option) |
Dogecoin Fees | (binary option) | (binary option) |
Chainlink (LINK) Fees | (binary option) | (binary option) |
Polkadot (DOT) | (binary option) | (binary option) |
Avalanche (AVAX) | (binary option) | (binary option) |
Available Trading Platforms:
Data | IQ Option | Olymp Trade |
---|---|---|
cTrader Desktop App | Yes | No |
cTrader Web Interface | Yes | No |
Mirror Trader Platform | Yes | No |
ZuluTrade Integration | Yes | 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 | Yes | Yes |
Mac-Compatible Platform Options | Yes | Yes |
Sirix Trading Platform | Yes | Yes |
Education Resources:
Data | IQ Option | 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 | IQ Option | Olymp Trade |
---|---|---|
Callback Request Feature | Yes | Yes |
Email Support Availability | Yes | Yes |
Telephone Support | Yes | Yes |
Live Chat support | Yes | Yes |
Offered Support Languages | Yes | Yes |
Research-Tools:
Data | IQ Option | Olymp Trade |
---|---|---|
In-Depth Professional Reports | Yes | No |
Social Trading Features - Social Newsfeeds | Yes | Yes |
Economic Event Calendar | Yes | Yes |
Daily Email With Trading Ideas | Yes | Yes |
Analysis From Trading Central (Recognia) | Yes | Yes |
Analysis From Delkos Research | Yes | 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 |
First Up: IQ Option
Welcome to The IQ Club—Where Quality Meets Variety
IQ Option boasts about 50 million registered users worldwide, an impressive customer base that vouches for its credibility. The platform offers over 500 underlying assets across various categories. From your high-flying stocks to your digital nuggets (cryptocurrencies), IQ Option has got you covered. 📈
The IQ Setback – A Scroll of Regulations
Despite its vast offerings, international restrictions might limit your trading capabilities on IQ Option. Some countries, for example, cannot take part in CFD or binary trading. You may have heard of “all is fair in love and trade,” but sadly, geography does tend to play spoilsport here.
Next: Olymp Trade
An Olympian Touch—User Friendly and Beginner’s Hub
With Olymp Trade, the name says it all. No, it does not offer trading in Olympic medals, but it does provide a user interface as smooth as the Olympic ice-skating arena. ⛸️ Its platform is designed to cater to beginner investors, making it an excellent choice for those kick-starting their trading journey.
A Hurdle in the Olymp Race—Educational Awry
While Olymp Trade may be beginner-friendly, it could further improve its educational resources. Although they offer a free demo account, the overall educational content could use a bit more than just the basics. Who said trading was child’s play? 🤷♂️
Scratching the Surface: A Deeper Dive into IQ Option & Olymp Trade
Let us have a macroscopic view of both these platforms. IQ Option and Olymp Trade, what makes them stand out? Are there any hidden traps we should be wary of? All this and more, up next. So tighten your seatbelts; it’s time for a roller-coaster ride through the world of online trading.
IQ Option: A Closer Look
The Green Flag – Platform Layout, Assets, and Tools
IQ Option’s visual interface emerges as a crowd favourite, a digital Times Square if you will, where everything you need is right in front of you. The sleek layout coupled with an array of trading tools allows for an enriching trading experience. The platform covers a host of assets—forex, ETFs, cryptocurrencies, you name it! Let your trading portfolio sparkle with diversification. 💎
Up the IQ Ladder: Tutorials and Analysis
Ensuring continuous user growth, IQ Option provides educational resources that cover core trading concepts and strategies. Moreover, advanced analysis tools like ‘Most Popular’ assets under ‘Market Mood’ can guide your decision-making process.
The Red Flag – Customer Service and Withdrawal Delays
Despite these features, users sometimes report hiccups in IQ Option’s customer service and delayed withdrawal. Seasoned traders often like reminding beginners, “In the world of trading, time quite literally is money,” and these issues can certainly work as speed bumps on your journey.
Olymp Trade: A Closer Look
The Green Flag – Demo Accounts, Interface, and Responsive Support
Olymp Trade offers a free-to-use demo account that can be topped up indefinitely—a feature especially suited for beginners still finding their footing. Its interface, as user-friendly as a well-trained Labrador, coupled with responsive customer support, provides a seamless experience. 🐕
Mastering the Trade: Olympian Assistance
The platform continually fosters user growth with webinars, trend indicators, and strategy tips, turning the Herculean task of mastering trading into a walk in the Olympian park.
The Red Flag – Limited Financial Instruments and Educational Content
However, Olymp Trade offers fewer financial instruments relative to IQ Option. Furthermore, while its educational content is gold for beginners, it can leave advanced traders wanting more as if opening a big, promisingly noisy Christmas present only to find a tiny porcelain doll. 🎁
Consultation
Both the IQ Option and Olymp Trade platforms offer a lucrative space to explore online trading. Whether it’s number-filled charts, moving average lines, or a throng of candlestick graphs, these platforms have something for every trader. In the vibrant world of trading, what matters most is finding a platform that suits your style and meets your individual trading needs, so choose wisely!
FAQs: All Things Trading – IQ Option vs Olymp Trade
1. Question: Do IQ Option and Olymp Trade have demo accounts for practice?
Answer: Yes, both IQ Option and Olymp Trade provide demo accounts. These accounts are equipped with virtual funds for you to practice your trading strategies. Remember, in the world of trading, losing virtual money beats losing real money. 😄
2. Question: Can I trade cryptocurrencies on IQ Option and Olymp Trade?
Answer: Sure, you can. Both platforms offer popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. So, strap in, set your sights on the moon and trade away!
3. Question: Is customer support available 24/7 on both platforms?
Answer: IQ Option’s customer support is available 24/7, ready to assist whenever you’re in a tight spot. Olymp Trade’s customer support is equally efficient, providing 24/7 assistance in 8 different languages. So, no need for that panic button just yet! 🆘
4. Question: Are IQ Option and Olymp Trade mobile-friendly?
Answer: Yes, indeed, both trading platforms provide mobile apps for iOS and Android devices. You can monitor your investments, make trades, and do everything else you do on your desktop version, but on the go—because trading never really sleeps, does it?
5. Question: Which platform is better for beginners? IQ Option or Olymp Trade?
Answer: Both platforms have features suited for beginners. However, Olymp Trade’s focus on intuitive operation, simple interface, and the provision of a demo account make it slightly more beginner-friendly. That doesn’t mean IQ Option isn’t a smart option (pun unintended)—its wide range of assets and learning resources are definitely a plus for rookies as well.
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