IQ Option vs Olymp Trade. We compared 10+ features to choose a better broker

iq option vs olymp trade
IQ Option vs Olymp Trade

Olymp Trade is one of the few online options brokers that can be said to be a real IQ Option competitor. Many new traders are torn between choosing wither platform. It is not easy to choose when both brokers have been working for years to develop their platforms and trading services.

Key Takeaways🔑

Both IQ Option and Olymp Trade are popular trading platforms with unique features and offerings.
Comparing their account types, asset offerings, and other factors can help you make an informed decision.
Always conduct your own research and analysis before choosing a trading platform for your investments.

What matters in the IQ Option vs Olymp Trade battle

This review will help you decide which between the two platforms is worth investing in. I'll compare both side by side based on key features that include the following:

    • How long the broker has been operational
    • The regulatory body monitoring the broker’s activities
    • Active traders
    • Account types offered
    • Types of assets offered
    • Returns on trades (options)
    • Payment methods accepted
    • Deposits and withdrawals
    • Accessibility
    • Support
    • Additional features

How long has IQ Option vs Olymp Trade been operational?

OlympTrade was founded in 2014 and is located in Saint Vincent and the Grenadines. IQ Option on the other hand was launched in 2013 and is located in Saint Vincent and the Grenadines.

Regulators

Olymp Trade is regulated by the Financial Commission (FinaCom). This is an independent regulator based in Russia.

Regulators ensure that the broker's activities are in accordance with financial laws. They also handle disputes arising from broker malpractices.

Active traders

According to the Olymp Trade website over 220000 traders transacted using real accounts over the month of February 2019. The platform also boasts over 25000 users trading on the platform daily. Their monthly trading volume exceeds $170 million.

IQ Option on the other hand boasts over 50 million users with a monthly trading volume exceeding $360 million.

olymp-trade-visitors-by-country

iq-option-visitors-by-country

Account types offered

Olymp Trade has two different accounts. One is for trading forex while the other is for trading options. In addition to these, the platform also offers standard and VIP accounts.

To open a standard account, you'll need a minimum deposit of $10. VIP accounts require a minimum deposit of $20000. The VIP account includes a personal consultant and higher returns for options traders. It also includes risk-free trades.

IQ Option also has 2 accounts. The standard account requires a minimum deposit of $10. You can enter trades with as little as $1. IQ Option VIP accounts on the other hand are available for traders with a significant deposit (exact amount is subject to change)

This account also includes a personal account manager, faster withdrawals and free trading eBooks.

Both platforms also offer demo accounts which are credited with $10000 virtual cash.

Types of assets

Olymp Trade offers options, forex, stocks, indices, cryptocurrencies and commodities. In total, there are about 80 different financial instruments.

assets-at-iq-option

IQ Option on the other hand has far more financial instruments. These include forex, options, ETFs, commodities, indices, cryptocurrencies and CFDs.

Returns on trades (options)

Olymp Trade offers returns ranging from 82% to 90% depending on the asset, volatility and account type.
IQ Option on the other hand offers returns ranging from 65% to 95% in case of a successful prediction. The return also depends on the asset, volatility and account type.

Payment methods accepted

Currently, Olymp Trade only accepts 9 payment methods. These include debit/credit card and eWallets such as Skrill and Neteller. IQ Option on the other hand accepts over 20 different payment methods. In addition to those Olymp Trade accepts, IQ Option also accepts Jeton among others.

payment-methods-iq-option

Deposits and withdrawals

Both platforms will process deposits within several minutes especially if you're using a bank card or eWallet. Olymp Trade also offers a deposit bonus which you can reject during the deposit process. The minimum deposit amount is $10.

Withdrawals can only be made to the account you used to make a deposit. Traders will be subject to 2% withdrawal fee starting from the 2nd withdrawal per month. The minimum withdrawal amount is also $10.

Withdrawals are processed within 24 hours to 5 business days. For both platforms, VIP account holders will enjoy faster withdrawal processing.

Accessibility

Both Olymp Trade and IQ Option are accessible via web browser, desktop apps (Windows and macOS) as well as smartphone apps (Android and iOS).

Support

Both platforms have a friendly and knowledgeable support team. Their support can be reached via phone, chat and email. They can also be reached via social media platforms such as Facebook.

Additional features

Olymp Trade has two different trading interfaces; one for options and another for forex. The trading interfaces are intuitively designed and easy for beginners to get stared with. This broker also offers bonuses for deposits made.

However, you'll have to achieve a specific trading volume before you're able to withdraw the bonuses. This broker also offers risk-free trades. That is, your trade amount is automatically refunded to your account should the trade lose.

IQ Option also has a well-designed trading interface. Their interface is easy to navigate and includes dozens of technical indicators. This broker also offers custom features such as chats and support which allows you to interact with other traders. IQ Option also holds tournaments which allow traders to win cash prizes.

Both platforms also support early trade exits for options traders. For Olymp Trade, the refunded amount can be as high as 120% provided the trade was in the money. For IQ Option, the refund is termed profit after the sale, this can be positive or negative depending on how the trade goes.

Pros and Cons

👍 Pros:

  • Both platforms have low minimum deposit requirements, making them accessible to a wide range of investors.
  • IQ Option offers a greater variety of assets, while Olymp Trade has a simpler and more intuitive trading interface.
  • Both platforms provide demo accounts for users to practice trading without risking real money.

👎 Cons:

  • IQ Option's wider range of assets may be overwhelming for beginner traders.
  • Neither platform is available to traders in certain countries due to regulatory restrictions.


IQ Option Olymp Trade
Regulated by FinaCom
Offers forex, options, ETFs, commodities, indices, cryptocurrencies, and CFDs Offers options, forex, stocks, indices, cryptocurrencies, and commodities
Higher return potential for options traders (65% to 95%) Return potential for options traders ranges from 82% to 90%
More than 20 different payment methods accepted Accepts 9 payment methods

Do we have a winner in the IQ Option vs Olymp Trade battle

Both platforms are a good place for options traders to invest. Their $10 minimum deposit makes it easy to get started with a little investment. IQ Option offers more and better features including a higher return for options traders. Determining who wins in the IQ Option vs Olymp Trade battle is difficult, and choosing one broker from the two can be a matter of individual preference.

If you haven't seen it yet, be sure to watch our IQ Option vs Olymp Trade video posted at the end of this article. Have you traded on either or both of these platforms? Kindly share your experience in the comments section below.

Good luck in your trading!

Q&A Section

    • Q: Are both IQ Option and Olymp Trade suitable for beginners?

A: Yes, both platforms provide user-friendly interfaces, demo accounts, and educational resources to help beginners get started.

    • Q: Can I access both platforms on various devices?

A: Yes, both IQ Option and Olymp Trade are accessible via web browsers, desktop apps (Windows and macOS), and smartphone apps (Android and iOS).

    • Q: How long does it take to process withdrawals on IQ Option and Olymp Trade?

A: Withdrawals are processed within 24 hours to 5 business days. VIP account holders enjoy faster withdrawal processing on both platforms.

    • Q: Can I trade both forex and options on both platforms?

A: Yes, both platforms offer options, forex, and various other asset classes for trading.

GENERAL RISK WARNING

The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Kindly note that this article does not provide any investment advice. The information presented regarding past events or potential future developments is solely an opinion and cannot be guaranteed as factual, including the provided examples. We caution readers accordingly.

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FAQ

Bart Bregman

Author / IQ Option expert: "My name is Bart Bregman, I have 9 years of full-time professional trading experience. I've been trading with IQ Option for more than 7 years, mainly on the shorter time frames doing technical analyses, and have many experience with Binary Options, CFDs, Options, and Crypto trading. There is no such thing as a bad trade! As a digital nomad trader, I'm mostly traveling all over the world. Follow my journey on Instagram at https://www.instagram.com/bart_bregman/. "

    3 replies to "IQ Option vs Olymp Trade. We compared 10+ features to choose a better broker"

    • Gede suyatna

      Dari berbagai platform trade,sudah pernah saya ikuti dng akun riil,hanya iq option yang belum bisa di ikuti dengan akun riil,banyak platform yang ada hanya iq option yang resikonya rendah,kemarin dari iq option menyatakan 90%trader kalah,karena mereka belum tahu apa itu skalper dan apa itu swinger,asal main aja,Tapi iq option banyak sekali peminatnya.saya akui dari berbagai macam trading iq optio terbaik didunia,nanti pasti banyak yang ikut,???

    • Gede suyatna

      Platform iq option terbaik didunia.tetepi saya juga yang tahu taktiktrade semenjak munahesahoma dari abad16 yang jadi base perdagangan berkembang astronasi,pebonanci,basetrade dunia,dan jadi tolak ukur kesejahtraan bisa lose.berita berita dunia bisa diketahui lebih dulu,kalau perdagangan benar.dari neraca perdagangan bisa dibaca dan dianalisa,situasi dunia.buktinya astronanci bisa membuktikan kebenarannya.tapi saya sistem tradereteiler,masih selalu lose juga…taktik dagang spt itu sedikit yang mendalami,saya yang paham taktikwordtrade dan beri penjelasan masyarakat trend dunia akan spt ini selanjutnya jadi pusing.pertanyaan saya apa yang musti dipersiapkan parapetani peternak peladang kalau trader trus lose.contoh kalao minyak,bras,gas coklat harganya trus naik artinya penduduk dunia perlu beras,minyak coklat.jadi petani,peladang tanam padi coklat yang banyak,tapi kenapa trader selalu lose???jadi trend dagang sulit dikenali.trimakasi.

    • Broker Forex terbaik dunia

      I don’t even understand how I finished up right here, but I assumed this put up was good.
      I do not understand who you might be however definitely you’re going to a famous blogger
      in the event you aren’t already. Cheers!

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