IQ Option vs Olymp Trade: Which one is the better broker?

IQ Option vs Olymp Trade – Choosing a reliable broker can be difficult. If you are considering diversifying your investment portfolio through binary options or forex trading to enhance your professional career, it is imperative that you align yourself with a reputable online broker.

Both platforms are globally recognised, reliable and advanced trading solutions in today’s market.

In this article, we aim to delve deeper into the features of IQ Option and Olymp Trade and provide a comprehensive analysis of each of them. We will explore the unique selling points and benefits of each. Will it help you? Of course, it will! Let’s just go through all the important points and make the right decision.

Detailed comparison between IQ Option vs Olymp Trade:

See the core facts of both brokers here:

IQ Option overview

IQ Option is a well-known online brokerage that allowes trading of options, FX, and CFDs. It is primarily a brokerage company based in St Vincent and the Grenadines. Almost 25,000,000 verified customers trade here. Among many other things, it’s one of the best binary options brokerage firms.

In general, IQ Option offers its clients three types of brokerage accounts. Clients can quickly sign up for a real account, an IQ Option demo account or a VIP account.

The demo account allows clients to start their trading career. The real account, on the other hand, requires a minimum investment to open. An initial deposit of $10 is required to open the account. An additional $3,000 is required to open a VIP account.

IQ Option clients can invest in over 500 financial instruments. IQ Option also offers a fantastic interactive learning program. So that anyone interested in trading with IQ Option can understand more about it. In addition, beginners can quickly get to grips with the platform. Not only that, but it is especially useful for professionals.

IQ Option is a recognised organisation (IQ Option LLC). Furthermore, this broker organisation offers its services in several countries around the world. Unfortunately, IQ Option is not available in Japan, Canada, the United States, Israel, and a few other countries.

Here are the key facts about IQ Option:

• Founded in 2013, the company is the world’s leading binary options broker.
• Increasing account registrations
• Foreign clients are using a trustworthy firm
• There are nearly 500 marketplaces
• A simple initial IQ Option deposit of $10 is required, yet the investment yields a high rate of return
• A platform of excellent quality and accessibility

Olymp Trade overview

Olymp Trade is quite similar to IQ Option – They are almost identical in terms of binary options trading. This binary broker is also established in Cyprus, with a strong presence in Russia and offices in St Vincent and the Grenadines. Olymp Trade is estimated to have more than 25,000 traders using its website every day.

It offers two types of brokerage accounts on its website: basic and VIP. To start trading, a basic account requires an initial investment of $10. VIP accounts require an initial deposit of $2,000 with Olymp Trade.

However, both of these accounts start with a $10,000 Olymp Trade demo account. The company offers over 100 assets to trade on the platform. There are also various educational components that newbies can use for trading training, ensuring that you get better as a trader over time when using this platform.

The Olymp Trade platform is regulated by the International Financial Commission (IFC), although there is no real national regulator.

However, based on our research and testing, the brokerage firm meets the highest security standards.

The following are the most important facts regarding Olymp Trade:

• The company is based in Cyprus and St Vincent and the Grenadines.
• It is an IFC Brokerage and a licensed Binary Options / Forex Broker.
• A small initial investment of $10 is required to use the secure trading system.
• Over 44 million downloads
• Approximately 25,000 people use it every day.
• Growing popularity

IQ Option vs Olymp Trade – Most important conditions compared:

In the next section we will give you an overview of the conditions for traders. This means what you can trade on the platforms and what offers are available. Every trader wants to make as much profit as possible. So the broker should have a high return on investment and low trading fees.

IQ Option clearly wins the comparison of conditions. You can trade the most markets, and the most financial products and get the best return on investment with this broker. This does not mean that the other 2 brokers are bad, but IQ Option has the best offers for traders.

Organizations’ regulations (regulatory agencies)

The International Financial Commission (IFC) regulates Olymp Trade with the highest possible level A (This is not an official authority). It is an impartial organization that examines brokers based on a number of factors. We also know that the authority is legitimate because many reputable brokers have received this certification. IQ Option LLC is not regulated and has no plans to become regulated, but it is a registered company.

Assessment of active customers

Over 25,000 active investors use Olymp Trade with a regular account from the website. According to their website, around 250,000 active customers executed real trades on a real account in January 2020. They boast that their platform is regularly attracting more clients. Their monthly turnover exceeds $171 million.

IQ Option, on the other hand, serves more than 50 million users with monthly trading activity of more than $290 million.

Analysis of trading platforms: IQ Option vs. Olymp Trade

Previously we discussed the trading and facilities of binary options companies. And you know very well that Olymp Trade is a real competitor of IQ Option. Despite their similarities, they have different business policies and advantages. Now we are going to help you differentiate and choose the best alternative between them.

In this section we will thoroughly evaluate both systems with each and every analysis, so that you will not be confused, regardless of whether you are a new trader on these sites. The following review will help you decide which is the better option before you sign up. Let us start with a point-by-point analysis of the study.

Ease of access

Clients and investors can access both marketplaces through a range of online applications. They are easily accessible via desktop OS (Windows and MacOS) as well as smartphone apps (Android and iOS).

Olymp Trade also offers the renowned MetaTrader 4 trading system for currency trading, which is not available with IQ Option.

IQ Option and Olymp trade charting

According to our observations, IQ Option has a more sophisticated trading platform. There are more opportunities to evaluate charts and apply technical tactics. Additional signals and analysis tools are available. In addition, the chart can be customized more thoroughly than on Olymp Trade.

This is not to say that you can’t work effectively with Olymp Trade; both platforms provide the necessary tools for investing.

Charting software:

• Signals
• Tools for drawing
• Varieties of binary options charts
• Patterns for Multiple Charts
• Platforms that are adjustable

Return on invested capital

Olymp Trade offers profits of between 70% and 92%, depending on the investment products or assets used. This also depends on the type of account and the stability of the accounts. IQ Option’s investment profits vary between 75% and 100%.

The account types and variability are also taken into consideration here. Overall, due to the high return, you may make more profit with IQ Option. A further significant distinction is that you can make a 100 percent return on IQ Option without having a VIP account. You must have the Olymp Trade VIP account to gain 92 percent.

Account options that they provide

There are several types of accounts available. Olymp Trade has three different account types, while IQ Option has 2 different account types. The account level is determined by the amount deposited and traded.

To open a basic account with either broker, the trader must deposit at least $10 into the account. The VIP account requires a deposit of $2,000 for Olymp Trade and a significant deposit amount (differs depending on the country of residence) for the IQ Option VIP account.

The premium account offers several additional benefits to the account user. Previously it offered higher yielding alternatives and a personalised advisor programme. The risk-free transactions on the Olymp Trade website are covered by the VIP account.

Faster transfers, a private account advisor and free trading digital books are all features of IQ Option’s VIP account. Both IQ Option and Olymp Trade offer a demo account on their platforms. This account has a digital money balance of $10,000.

Offered financial assets

Olymp Trade’s platform supports over 80 types of assets or investment products. FX, Binary Options, Commodities, Cryptos, Stocks and Commodity Markets are all available.

 IQ Option also offers over 300 investment products or assets. Binary Options, Forex, Commodities, Cryptos and Indices are all covered.

Trading assets are determined by the time of day and the opening of the stock market. IQ Option offers significantly more trading alternatives. You can trade on a wider range of markets than with Olymp Trade. IQ Option clearly dominates in this analysis.

Payment options offered

Olymp Trade currently accepts just 9 funding options. They take VISA or MasterCard cards, as well as debit cards and credit cards, Neteller and Webmoney, as well as several other online wallet payment options.

However, IQ Option enables over 20 different payment options for secure deposits and withdrawals. IQ Option allows all payment methods offered by Olymp Trade.

We are not able to provide all payment methods as they vary depending on your country of residence. Finally, IQ Option tops this analysis as the broker offers more funding options.

Withdrawals and deposits

Olymp Trade & IQ Option is a fast and simple trading platform. If you trade using credit/debit (bank) cards or an e-wallet, the payment will be completed within a few minutes. Olymp Trade also offers its clients a deposit incentive. Throughout the deposit process, the customer has the option to decline the incentive. The account requires a low minimum deposit of USD10.

You can withdraw funds from your account using the same process you used to make a deposit. There are no withdrawal fees or charges on either platform. In addition, the withdrawal limit is $10 per account.

Customer support review

Both Olymp Trade and IQ Option offer a friendly and knowledgeable support team. They are skilled and knowledgeable about investing on these sites. If the investor or anyone else needs assistance, they can easily interact with them through chat, phone, or email.

At the moment, they can also be contacted through other social media channels such as Facebook.

Final conclusion – IQ Option wins the comparison

In conclusion, when comparing IQ Option and Olymp Trade, both platforms prove to be strong and reliable choices for binary options and Forex trading, effectively meeting the needs of traders. However, IQ Option clearly outshines Olymp Trade in several aspects, making it the superior choice for traders. IQ Option offers higher returns on investment, a wider range of trading instruments, and more advanced analytical tools, enabling traders to make more informed decisions.

In addition, IQ Option offers a more sophisticated and user-friendly trading platform, allowing traders to navigate and execute trades with ease. The platform also offers more resources and financial tools, enhancing the overall trading experience. The availability of more payment options and the provision of a wider range of assets and markets further solidifies IQ Option’s superiority.

Frequently asked questions about IQ Option vs Olymp Trade: