The best 5 Olymp Trade alternatives in comparison for traders

Many traders who decide to enter the binary options world take the help of Olymp Trade. That’s because it’s a reliable trading broker established in 2014. 

This unique trading platform offers different assets for trading, like indices, stocks, currencies, CDFs, ETFs, and more. Olymp Trade has a smooth interface that allows quick trade, so no trader loses money due to technical glitches.

Olymp trade alternative

What’s better? Well, unlike other trading brokers, this one does not ask traders to register with the platform by depositing huge fees. Anyone can start their binary options trading journey by depositing an affordable amount of $10

Traders also get access to demo accounts where they can practice to develop their skills. In addition, there are no inactivity or withdrawal fees. But Olymp Trade does not offer its services in all the countries. 

So, if Olymp Trade is unavailable in your area or you want to trade using another broker, here are some options:

Broker:
Regulation:
Yield & Assets:
Advantages:
The offer:
5.0/5
12345
IFMRRC
Yield: 90%+
100+ Markets
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
Live-account from $50
  Sign up for free

(Risk warning: Trading is risky)

3.7/5
12341
No
Yield: 90%+
100 Markets
  • Accepts international clients
  • 24/7 support
  • Binary & CFDs
  • High returns
  • Free bonus
  • TradingView charts
Live-account from $250
  Sign up for free

(Your capital can be at risk)

3.5/5
12341
Yield: 90%+
50+ Markets
  • High bonus
  • Social trading
  • Accepts international clients
  • Free gifts
Live-account from $250
  Sign up for free

(Risk warning: Trading is risky)

5/5
12345
/
Yield: 94%+
300+ Markets
  • $10 minimum deposit
  • Free demo account
  • High return up to 100% (in case of a correct prediction)
  • The platform is easy to use
  • 24/7 support
Live-account from $10
  Sign up for free

(Risk warning: Your capital might be at risk)

5.0/5
12345
MFSA, GSC, MGA
Yield: 90%+
200+ Markets
  • Supports automated trading
  • Regulated trading
  • Multiple platforms
  • Different financial products
  • MetaTrader 4/5
  • High yield 90%+
Live-account from $10
  Sign up for free

(Your capital is at risk)

Broker:
Regulation:
IFMRRC
Yield & Assets:
Yield: 90%+
100+ Markets
Advantages:
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
The offer:
Broker:
Regulation:
No
Yield & Assets:
Yield: 90%+
100 Markets
Advantages:
  • Accepts international clients
  • 24/7 support
  • Binary & CFDs
  • High returns
  • Free bonus
  • TradingView charts
The offer:
Broker:
Regulation:
Yield & Assets:
Yield: 90%+
50+ Markets
Advantages:
  • High bonus
  • Social trading
  • Accepts international clients
  • Free gifts
The offer:
Broker:
Regulation:
/
Yield & Assets:
Yield: 94%+
300+ Markets
Advantages:
  • $10 minimum deposit
  • Free demo account
  • High return up to 100% (in case of a correct prediction)
  • The platform is easy to use
  • 24/7 support
The offer:
Broker:
Regulation:
MFSA, GSC, MGA
Yield & Assets:
Yield: 90%+
200+ Markets
Advantages:
  • Supports automated trading
  • Regulated trading
  • Multiple platforms
  • Different financial products
  • MetaTrader 4/5
  • High yield 90%+
The offer:
➨ Sign up with the best alternative Pocket Option

(Risk warning: Trading involves risks)

Best five Olymp Trade alternatives 

Undoubtedly, Olymp Trade is one of the finest trading brokers that lets you enter the trading market in the safest and most secure way. But if you want to try trading using some other broker, we have got your back.

olymp trade

We have carefully analyzed numerous trading brokers and have listed 5 of the best ones for you. Keep reading to find the right trading brokers for yourself. 

#1 Pocket Option: Best for USA traders 

If you are a USA trader, you should choose Pocket Option because it offers more than hundreds of underlying assets for you to trade. It was established in 2017 and is licensed by IFMRRC

Pocket Option is the only trading broker that accepts new traders from Europe and the United States. It has clear terms and conditions, including no commission, no deposits, and withdrawal fees.

Pocket Option

It offers several payment methods so traders can easily enter the binary options world. In addition, this broker offers the best indicators, social trading, high returns, signals, and more. 

When you open an account with Pocket Option, you can get a Pocket Option bonus of up to 100% (the best in the industry). This trading platform should be your choice if you want to trade through a reliable and transparent platform. 

  • Maximum Profit: 96% 
  • Minimum Deposit: $50 
  • Minimum Trading Amount: $1 
  • Offered Assets: 100+ Crypto, Commodities, Stocks, and Currency Pairs 
  • Platform: Web, Android, iOS, and Windows
➨ Sign up with the best alternative Pocket Option

(Risk warning: Trading involves risks)

#2 BinaryCent: Best for Copy Trading 

If you are looking for an excellent trading platform that allows copy trading, you can choose BinaryCent. This platform offers CDFs, Forex trading, and options. If you are trading using BinaryCent, you can expect a payout of 95%.

Binarycent

This platform is owned by a company, Cent Project LTD, a subsidiary of Finance Group Corp. It was started in 2017 with the aim of accepting international traders from the UK, USA, Australia, and Canada. 

Traders prefer this platform because it offers better leverage of up to 1:100 and copy trading.

Using copy trading, you can follow the steps of most successful traders. In addition, you can see their trades in real-time. As a result, your chances of success will be increased. 

  • Minimum Deposit: $250 
  • Minimum Trade: $0.10 
  • Assets: CFDs, Forex, and Options 
  • USA Friendly: Yes
➨ Sign up with BinaryCent for free now!

(Risk warning: Trading involves risks)

#3 RaceOption: Best for bonuses

Another binary options broker that you can consider is RaceOption. It is known for offering lucrative bonuses, so it processes more than 10,000 trades per day. 

The official website of RaceOption

RaceOption was established in 2014 and is based in the UK. Traders of Australia, Canada, and the US can easily make trades using this platform without facing any restrictions.

One thing that has made RaceOption so popular is its 1-hour withdrawals. Furthermore, it allows weekend trading and offers deposit bonuses of up to 100%. It also offers 60 seconds trading, live charts, CFD trading, and instant trade executions. 

RaceOption is an excellent trading platform that offers multiple funding options, including cryptocurrencies and credit cards. Whether you are a beginner or a professional, RaceOption is the right trading platform. 

  • Minimum Deposit: $250 
  • Payouts: 90% 
  • Maximum Bonus: 20-100% Deposit Match 
  • USA Friendly: Yes
➨ Sign up with RaceOption for free now!

(Risk warning: Trading involves risks)

#4 IQ Option: Best trading platform 

IQ Option is one of the best trading platforms, regulated by CySEC. It was established in 2013 and had more than 43 million registered users. This platform has traders from 213 countries, and it processes more than 1 million trades per day.

The official website of IQ Option

Talking about the asset, IQ Option offers more than 250 assets, including commodities, ETFs, CFDs, stocks, commodities, and cryptocurrencies. If you make a successful trade, you can expect a payout of 95%.  

You can make traders through IQ Option via their trading apps or Web. When you register yourself with this platform, you get access to a IQ Option demo account, where you can enhance your trading skills. The demo account comes with $10,000 dummy money, so you get an idea of real trading.

iq option demo account

IQ Option offers multi-chart layouts, technical analysis, real-time alerts, and financial indicators. In addition, it also comes with a few risk management features like Negative Balance Protection, Take Profit, Stop Loss, and Trailing Stop to protect your money. 

But if you are a trader of the US, European Economic Area, Israel, Puerto Rico, Australia, Japan, and Canada, you cannot trade using IQ Option. 

  • Minimum Deposit: $10 
  • Max Payout: 95% 
  • Min. Trade: $1
➥ Sign up with IQ Option for free now!

(Risk warning: You capital can be at risk)

#5 Deriv: Best for beginners 

Are you a beginner looking for a simple trading broker to enter the binary options trading world? In that case, you must consider registering yourself with Deriv because it’s an excellent trading platform with a simple user interface.

How to begin trading on Deriv

This platform (former name: Binary.com) was founded in 1999, making it one of the oldest and most reliable trading brokers. It has more than 1 million registered users throughout the world. The offices of Deriv are situated in different places like the British Virgin Islands, Grenadines, Vanuatu, and Malaysia. 

On simple rise/fall trading, Deriv offers attractive returns exceeding 100%. On the other hand, if you choose to trade through high-low or touch/no-touch, you can expect a payout of 1000%.

This trading broker offers different trading assets, including synthetic indices, commodities, major indices, and currencies. The expiry time on these assets ranges from 10 seconds to 365 days. 

Deriv helps its registered traders to maximize their risk by allowing them to sell their contract before it reaches the expiry time. This way, you can lock in your profit and face minimum loss. The simple interface of this platform lets you execute the trade without fail. 

What’s more? Well, Deriv offers a variety of payment options so you can make smooth deposits and withdraw money without any hassle. The accepted payment methods include Visa, bank transfer, Fasapay, Neteller, Mastercard, Skrill, Maestro, and more.

Deriv payment methods

Along with beginners, Deriv is also used by professional traders because it offers advanced features that can satisfy experts’ needs. But if you are a trader from the US, Hong Kong, or Canada, you cannot trade using this platform. 

➨ Sign up with Deriv for free now!

(Risk warning: Trading involves risks)

How to choose a Binary Trading platform?

Choosing a binary options trading broker might sound easy, but it is not. For this reason, you need to consider a few factors before you register yourself with any trading broker. We have listed some important factors that will affect your trading experience. Scroll down to have a look. 

Mobile Trading apps

It’s important that the trading broker you have selected must have mobile trading apps so you can enter the market. Most trading brokers offer trading apps so traders can keep an eye on the market.

Pocket Option Apple Store

Many trading apps also let the trader execute trades and access the market from anywhere. So, whenever you are looking for a binary options broker, always check whether it offers mobile apps or not. 

➨ Sign up with Pocket Option for free now!

(Risk warning: Trading involves risks)

Asset index 

Along with the apps, you also need to consider the assets that the brokers offer for trading. Transparent brokers always list the asset that they offer for everyone to see. The bigger the list of offered assets, the more you have chances of making a profit.

Available assets on Pocket Option

In general, binary options brokers offer around 30-70 different assets to trade. But some bigger brokers are known to offer better assets for trading. 

Regulated brokers 

No matter how great a trading broker is, you must reconsider your decision if it is not regulated. That’s because licensing and regulation is the key factor that helps in understanding how transparent a broker is.

pocket option regulation

The regulated brokers are known to follow the laws so traders can smoothly execute the trades. They also make sure that the deposited funds are kept safely in the bank accounts. On the other hand, unregulated brokers are risky, and trading with them can make you lose money.

Unregulated brokers have some advantages, including attractive sign-up bonuses. But it’s only to attract new traders. If you live in regions like India or Europe, using an unregulated broker might be prohibited in your area. In such a case, you are left with the option of only using offshore brokers. 

Some major binary options broker regulated agencies include: 

  • CySEC – The Cyprus Securities and Exchange Commission (Cyprus) 
  • FSB – Financial Services Board (South Africa) 
  • CFTC – Commodities Futures Trading Commissions (United States) 
  • FCA – Financial Conduct Authority (UK) 
  • ASIC – Australia Securities and Investment Commission
➨ Sign up with the best alternative Pocket Option

(Risk warning: Trading involves risks)

Low minimum deposits 

Another factor that makes a trading broker interesting is the low minimum deposit. Choosing a broker that charges low deposit fees is sensible because it doesn’t make you dig a hole in your pocket.

pocket option minimum deposit

Some trading brokers are known to charge as low as $10 deposit fees. If you choose to enter the market with a trader that charges low deposit money, that means you are not risking a huge amount of money. 

Along with low deposits, a low trading amount is also important. Different trading platforms have different minimum trade amounts. 

High payouts 

Trading with a binary options broker that offers a high payout is beneficial because that is the whole purpose of trading. Isn’t it? Generally, brokers offer a payout between 50% to 100%. But if you are trading through a reputed broker, you can also expert 200% payout for making successful trades. 

Make more money with binary options

So, before you get yourself registered with any broker, you must check the payout amount that the broker offers. This way, you will have an idea of how much you can expect to make a winning trade. 

➨ Sign up with Pocket Option for free now!

(Risk warning: Trading involves risks)

Binary Options bonus

A few trading brokers offer lucrative binary options brokers, but it is mainly done to attract traders. Some common forms of bonus offered by brokers include risk-free trades, deposit match bonuses, and sign-up bonuses.

Pocket-Option-bonus-1

You can expect somewhere between 20-100% of the initial investment. But you need to follow certain terms and conditions so withdraw this money. 

Demo accounts 

A binary options broker that offers access to demo accounts should be your priority because you can practice your trading skills. Demo accounts also come with dummy money for you to enhance your skills.

The Pocket Option demo account

But if the offered demo account is not realistic, you might not get the real idea of binary options trading. A realistic demo account can prepare you for the unpredictable binary options market. So, if a trading broker does not offer a demo account, you must not choose it. 

Social trading 

Along with demo accounts, social trading can also help you better understand the trading world. How? Well, social trading lets you analyze VIP traders as they trade assets.

pocket option social trading

In a nutshell, social trading can help you enhance your trading skills without the risk of losing money to learn and improve your trading skills. 

➨ Sign up with Pocket Option for free now!

(Risk warning: Trading involves risks)

Binary trading signals 

Unfortunately, not every binary option offers binary trading signals, but if some brokers offer it, you can consider registering yourself with it. That’s because trading signals are helpful, especially if you are a new trader.

pocket option signals

You can understand the market’s direction using the trading signals. Professional brokers do not require trading signals because they have a good idea of the binary options market. 

Conclusion : There are different alternatives – The best is Pocket Option

Olymp Trade is a good trading platform, but it does not offer its services in all areas. If this trading platform is not available in your area, you can register yourself with its alternatives.

pocket option high low

Additionally, we have also mentioned factors that you must consider while choosing a trading platform. Each factor is crucial and must not be overlooked. So, before you get yourself registered, consider those factors. The best Olymp Trade alternative is Pocket Option!

➨ Sign up with the best alternative Pocket Option

(Risk warning: Trading involves risks)

About the author

Percival Knight
I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.

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