This contrast overview aids individuals that struggle to choose in between ETX Capital and Olymp Trade to discover the very best online broker for their trading and investment requirements. It examines the highlights of the two brokers side by side to aid individuals contrast their service and make an informed choice.
To aid users select the best broker between ETX Capital and Olymp Trade to discover the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, adhered to by a contrast of their major trading functions, consisting of trading platforms & devices, fees, mobile trading, deposit & withdrawal, possessions, guideline, and client assistance.
ETX Capital vs. Olymp Trade: Summary
ETX Capital is a UK based brokerage firm founded in 1965. It offers access to over 6000 tradable instruments including shares, forex, commodities, crypto and CFDs. ETX Capital offers a variety of trading platforms and features including a pro version platform, copy trading app and MT4 integration.
ETX Capital charges competitive trading fees and offers multiple advanced order types including GTC, GSLO, and OCO.
ETX Capital customer service is available 24-7 through email, live chat, and phone.
Olymp Trade is a multinational binary options broker based in Saint Vincent and the Grenadines. It is not regulated by any tier-one regulator and is not considered safe. Users can trade on various markets, including 35 forex pairs, 12 cryptocurrencies, 10 indices, 4 metals, 2 energies, and 12 stocks. Additionally, users can invest in stocks or speculate on options.
Olymp Trade trading fees are above average compared to similar brokers from the industry, like IQ Option and AvaTrade. They charge low spreads from 0.8 pips EUR/USD and $4 commission per lot on its ECN accounts. Payouts on options are 86.5%. The broker doesn’t charge non-trading or inactivity fees.
Olymp Trade’s customer support is available through email and live chat.
Pros
- Low spreads from 0.6 pips EUR/USD
- Compatibility with MT4
- Great choice of different trading platforms (desktop and mobile)
- Fast account opening
- Very good for Research and Education
Cons
- The offer (and choice) of trading instrument could be better
Pros
- Low minimum deposit ($10)
- Competitive forex spreads (0.8 pips EUR/USD)
- Compatibility with MT4 and TradingView
- Broad range of financial instruments
- High payouts on options (86.5%)
Cons
- Higher account tiers come with more benefits
- Non-transparent overnight fees and margin requirements
- Limited advanced charting and trading tools
Key features
- Low overall trading fees
- Compatibility with MT4
- Wide range of educational materials
- Low, floating spreads
- Advanced order types
- Free unlimited demo trading account
Key features
- Access to 65 + forex currency pairs
- Compatibility with MT4 and TradingView
- Zero commission stock trading
- Wide range of available payment methods
- Low trading fees and high binary option payouts
- Bonuses of up to 100%
ETX Capital vs. Olymp Trade Comparison
Select up to 3 Brokers
ETX Capital
Olymp Trade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 400:1 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | $10 if no trades in a month |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.6 pips | 1.1 |
| Stocks & ETF | 0.4 pips | 0 |
| CFD (Gold) | 0.4 pips | 20 |
| Crypto | Variable | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $10.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 80+ |
| ETF & Funds | 0 | 10+ |
| Crypto | 0 | 20+ |
| Commodities | 0 | 10+ |
| Indices | 0 | 10+ |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 62 | 100+ |
| CFD Indices & Funds | 30 | 21 |
| CFD Stocks | 5000 | 40 |
| CFD Commodities | 29 | 6 |
| CFD Crypto | 4 | 21 |
| CFD Bonds | 11 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
ETX Capital vs. Olymp Trade Comparison Conclusion
The results of our comparison of ETX Capital vs. Olymp Trade are involved the table below.
| Broker: | Best For: |
| ETX Capital | Forex and CFD trading |
| Olymp Trade | Binary Options |
Choosing the best choice between ETX Capital and Olymp Trade can be tough. Both online brokers have similarities however vary regarding trading instruments, systems & apps, regulation, deposit & withdrawals, and study and education. Picking the very best broker relies on individuals’ trading & financial investment goals, individual choices, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.