Exnova and Olymp Trade can be the perfect choice to trade binary options, digital options, cryptocurrencies, etc. This is because these trading platforms have good trading conditions. In addition, both platforms have simple and user-friendly interfaces and are popular with many traders.
As both trading platforms are equally popular for their high-quality features, traders often find it difficult to decide which platform to use. This Exnova vs. Olymp Trade guide will help you choose a broker that suits your trading preferences. Let us evaluate the two brokers from different perspectives to make the choice easier for you.
Exnova vs. Olymp Trade – A full comparison of all features
Exnova vs. Olymp Trade are different in many ways. Here we look at what traders look for in a broker.
| Basis | Exnova | Olymp Trade |
|---|---|---|
| ⭐ Rating (based on this comparison): | 8.5/10 | 7/10 |
| ???? Minimum deposit: | $10 | $10 |
| ???? Minimum trade value: | $1 | $1 |
| ???? Deposit and withdrawal methods: | Bank transfers, credit cards, debit cards, electronic wallets | Bank transfers, credit cards, debit cards, electronic wallets, cryptocurrency |
| ???? Asset available: | 250 | More than 75 |
| ???? Withdrawal fee: | Applicable after one free withdrawal after every month | Free withdrawals |
| ???? Bonus: | No | Sign-up and deposit bonuses are available |
| ???? Customer support: | 24×7 support | 24×7 support |
| ???? Education and research: | Yes | Yes |
| ???? Demo account: | Free demo account | Free demo account |
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
#1 Minimum deposit
Traders often want to join a trading platform that does not have a very high minimum deposit amount. A low minimum deposit amount is the least amount a trader should fund in his trading account.
Exnova and Olymp Trade have the same minimum deposit amount. Both brokers allow traders to initiate trading with $10.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 8 / 10 | 8 / 10 |
| Minimum deposit: | $ 10 minimum Exnova deposit | $ 10 minimum Olymp Trade deposit |
| Deposit/withdrawal fees: | No | No |
| Payment methods: | Credit cards, cryptocurrencies, local bank transfers, electronic wallets | Credit cards, cryptocurrencies, local bank transfers, electronic wallets |
| Withdrawal duration: | Maximum 3 business days (often after a few hours) | Maximum 3 business days (often after a few hours) |
#2 Minimum trade
Some brokers have very high minimum trade requirements. Therefore, such trading platforms are a big no-no for traders. However, both brokers allow traders to trade with as little as $1.
Traders looking for a platform that allows them to start trading with a small amount of money can choose either of these two brokers.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 8 / 10 | 8 / 10 |
| Minimum trade: | $ 1 | $ 1 |
#3 Demo account
A demo account is there to practice trading.
Traders also need a trading platform to build their trading strategies. Exnova and Olymp Trade both offer traders a free demo account. Traders can sign up for the Exnova demo account or the Olymp Trade demo account and use it for free for 30 days.
The two brokers offer traders virtual funds in their trading accounts. This gives them almost $10,000 in virtual funds that they can use to practice trading.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 9 / 10 | 7 / 10 |
| Demo account: | Available | Available |
| Virtual funds: | $10,000 | $10,000 |
| User-friendliness: | Excellent | Good |
| Duration: | 30 days | 30 days |
#4 Deposit and withdrawal durations
There are several deposit and withdrawal methods available on these two platforms. Exnova and Olymp Trade offer fast deposits for traders. For example, they can transfer money by bank transfer, e-wallet, credit card, or debit card.
While deposits are fast on both trading platforms, withdrawals can take some time. Compared to Exnova, Olymp Trade has a longer withdrawal time.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 6 / 10 |
| Deposit duration: | 1-3 business days | 1-3 business days |
| Withdrawal duration: | 1-3 business days | 1-3 business days |
| Payment methods: | Credit cards, cryptocurrencies, local bank transfers, electronic wallets | Credit cards, cryptocurrencies, local bank transfers, electronic wallets |
#5 Asset offering
Traders should rely on a trading platform that has a large number of assets to trade. When a trader gets many assets, they can manage their risk more effectively. There are over 250 assets on Exnova. This makes it a better trading platform than Olymp Trade.
Olymp Trade offers traders almost 75+ underlying assets to trade. Therefore, traders who want a trading platform that offers them more assets should choose Exnova over Olymp Trade.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 9 / 10 | 5 / 10 |
| Return on investment: | Up to 100% | Up to 92% |
| Binary Options: | Yes | Yes |
| Forex / CFD Trading: | Yes | Yes |
| Assets: | 250+ (crypto, currencies, stocks, indices, commodities) | 75+ (crypto, currencies, stocks, indices, commodities) |
| OTC trading: | Yes | Yes |
| Trade execution: | 0,5 ms | 0,5 ms |
| Margin trading: | Available | Available |
#6 Withdrawal fees
There are no hidden charges for your transactions. This is a major advantage of Olymp Trade.
No trader wants to sign up to an online platform that charges a withdrawal fee. We all love free withdrawals. If you do, then Olymp Trade is the perfect platform for you.
However, when you trade with Exnova you will be charged withdrawal fees of around 2% per withdrawal. Exnova only allows one free withdrawal per month. After your first withdrawal, the broker will charge an Exnova fee for withdrawals depending on the currency and payment method.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 6 / 10 | 10 / 10 |
| Withdrawal fees: | 2% per Exnova withdrawal, 1 free withdrawal per month | No Olymp Trade withdrawal fees |
#7 Bonus
There is no mention of bonuses on Exnova. So if you get a bonus with Exnova, consider yourself lucky. On the other hand, signing up with Olymp Trade can be a good choice for traders looking for a broker that offers bonuses.
Olymp Trade offers traders sign-up and deposit bonuses. Deposit bonuses can be almost 30% of the amount you deposit into your trading account.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 0 / 10 | 8 / 10 |
| Deposit bonus: | / | Up to 110% Olymp Trade bonus for deposits (depending on the account type) |
| Sign-up bonus | / | Up to 30% |
| Risk-free bonus: | / | Available |
| Balance bonus: | / | / |
| Percentage of turnover bonus: | / | / |
| Bonus turnover: | / | No bonus turnover |
| Free lottery: | No | No |
#8 Customer support
Exnova and Olymp Trade have a customer support system that is always ready to help traders in times of need. The brokers offer 24×7 support to traders who experience problems while trading online. This support is available in several languages.
Traders can contact customer support through various channels on both trading platforms.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 10 / 10 |
| Support availability: | The Exnova support is available 24/7 | The Olymp Trade support is available 24/7 |
#9 Regulation
When comparing the regulatory aspects of Exnova and Olymp Trade, it’s important to note that regulation is a crucial element of trust for traders in the brokerage industry. Exnova, operated by Digital Smart LLC, does not disclose any regulatory oversight on its website, leaving its regulatory status unclear. In contrast, Olymp Trade is a member of the Vanuatu Financial Services Commission (VFSC), which provides traders with a degree of security and arbitration.
Now, let us take a closer look at the regulation of both platforms.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 8 / 10 | 10 / 10 |
| Regulation: | Not mentioned on their site | Vanuatu Financial Services Commission (VFSC) |
| European Regulation: | No | No |
| US Regulation: | No | No |
| Other regulators: | / | / |
#10 Auto trading
When it comes to automated trading with binary robots, Olymp Trade clearly offers a more robust suite of tools than Exnova. Olymp Trade has built-in digital assistants such as Advisors, which track chart behavior to find optimal trade entry points, and can be combined with various strategies such as MACD Professional and Predatory Look. In addition, Olymp Trade provides an Insights tool for fundamental analysis and up-to-date asset reviews, alerting traders to potential market opportunities. The platform also includes Automated Advice for real-time data crucial for day trading, allowing traders to quickly switch between trading modes and view price movements.
In contrast, Exnova falls short as it lacks integration with advanced automated trading platforms such as MT4 and MT5, which are essential for traders looking to use automated trading suites. Exnova does offer a mobile application for managing trades on the go, but this does not make up for the lack of sophisticated automated trading features offered by Olymp Trade.
| Specification: | Exnova | Olymp Trade |
|---|---|---|
| Rating (based on this comparison): | 0 / 10 | 7 / 10 |
| Auto Trading: | Not available | Available |
What is Exnova?
What is Exnova? This is a multi-featured trading platform. It is a good platform for beginners. Exnova offers advanced features. These features are easy to implement when trading online.
Opening an account with Exnova requires only a few simple steps. The broker also supports fast deposits and withdrawals. Trade execution at Exnova is also satisfactory.
With Exnova, traders can enjoy several advantages when trading.
Advantages of Exnova
- This broker is perfect for beginners because of its low minimum Exnova deposit requirements.
- Traders can start trading by funding their account with $10.
- The minimum trade value at Exnova is only $1.
- The broker offers traders many features. Traders can trade the available assets by performing technical analysis using these features.
- Exnova offers a live chat feature to traders where they can connect with experienced traders.
- Traders can open a free Exnova demo account. Once funds in this trading account are exhausted, traders can get a replenishment.
- The process of depositing or withdrawing funds from your Exnova trading account is not complicated at all.
- There are several deposit and withdrawal methods that make it easy for traders to deposit and withdraw funds.
- Traders get the best choice of underlying assets at Exnova. They can build their portfolio by choosing from over 250 assets available on the platform.
- You have access to various OTC assets on Exnova that you can trade over the weekend.
- Traders can set up multiple binary options charts when conducting technical analysis.
- Exnova offers a lot of support and guidance to help traders become proficient in trading.
- Stop Loss and Take Profit features are designed to help traders limit their losses.
- There’s also a negative balance protection feature that allows traders to avoid losing more than their trading account balance.
This means that Exnova is popular with traders because it has many great features. They allow traders to have a smooth trading experience.
Let us now take a look at what Olymp Trade has in store for traders.
(Risk warning: Your capital can be at risk)
What is Olymp Trade?
Olymp Trade is a broker that can support any trader’s financial goals with the availability of a vast range of assets. The broker is widely known for offering traders a great platform for trading binary options, crypto, stocks, commodities, forex, and indices.
Over 80 million traders are registered on the Olymp Trade platform. It is distributed in over 130 countries and many languages. Olymp Trade is a reputable online trading company that has been serving traders for over 7 years.
Olymp Trade offers traders a number of features that make trading highly advantageous. Let’s evaluate some of the benefits traders receive when using this online trading platform.
Advantages of Olymp Trade
- Olymp Trade offers traders secure trading conditions.
- It has a simple user interface, so traders of all experience levels will find it easy to use.
- It is a promising binary options broker that offers 24×7 support to traders.
- Trading with Olymp Trade is very convenient due to the fast order execution.
- Olymp Trade deposits and Olymp Trade withdrawals carry no commissions or Olymp Trade fees.
- The broker allows traders to sign up for a free trading account.
- Traders only need an initial investment of $10 to use Olymp Trade.
- Traders can trade over 75 financial instruments with the broker.
- Olymp Trade is widely known for offering high profit percentages to traders.
- Traders can receive deposit bonuses on the trading platform.
- There are many manuals and tutorials available for traders to learn how to trade.
So Olymp Trade offers pretty decent trading conditions for traders. Moreover, the platform is free to use, so traders need not hesitate to give it a try!
Both Exnova and Olymp Trade offer good trading conditions. The features offered by both brokers are almost similar. So how does a trader decide which broker to choose when comparing Exnova vs. Olymp Trade?
Let’s compare the two brokers from different perspectives to decide which one is better.
(Risk warning: Your capital can be at risk)
Conclusion: Exnova performs better in our comparison
When comparing Exnova and Olymp Trade, it is clear that Exnova is better in terms of its offers and services for traders.
Both Exnova and Olymp Trade are good trading platforms. But which one should you choose? It all depends on your trading objectives.
For example, if you are looking for a broker that allows you to be more diversified, you should choose Exnova. On the other hand, if you want a broker with no withdrawal fees or commissions, Olymp Trade may be your best option.
Although we strongly recommend that you choose Exnova as your preferred broker, you need to consider your trading needs, style and preferences before deciding which broker to use.
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
Frequently asked questions about trading with Exnova and Olymp Trade:
Between Exnova and Olymp Trade, which broker offers more benefits to traders?
Traders will find almost identical trading conditions on both trading platforms. Well, there are a few things that traders may find different. For example, both brokers offer traders advanced trading features. However, traders looking for a platform with more trading assets and better risk management should choose Exnova.
Is Exnova a good trading platform?
Yes, Exnova can be a good trading platform depending on your trading needs. You can explore and trade many assets with the right risk management tools available on Exnova. The broker also offers good support to traders if they get stuck while trading. The platform is easy to use. So to say that Exnova is a good trading platform would not be wrong.
Is Olymp Trade worth using?
Yes, Olymp Trade is a great platform to start your trading journey. You can start trading on Olymp Trade with a minimum deposit of $1 and a minimum trade value of $1. Moreover, traders can use many trading tools to make profitable trades on Olymp Trade. So it is a trading platform worth using.
Is there a demo account available with Exnova and Olymp Trade?
Yes, traders can get a demo account on both trading platforms. It is free and refillable. Traders will receive $10,000 in funds with both brokers.
Tip: You might also want to check out our other comparisons:
