Finq.com vs. Olymp Trade Comparison

This comparison guide aids customers that struggle to pick between Finq.com and Olymp Trade to find the best online broker for their trading and investment requirements. It evaluates the highlights of both brokers side-by-side to assist individuals compare their solution and make an informed decision.

To assist individuals choose the appropriate broker between Finq.com and Olymp Trade to locate the best-suited platform, below is a listing of broker’s benefits and drawbacks, complied with by a contrast of their main trading attributes, consisting of trading platforms & devices, costs, mobile trading, down payment & withdrawal, possessions, law, and customer support.

Finq.com vs. Olymp Trade: Summary

Finq-com-logo

Finq.com is a CFD broker based in Israel. Although the broker is regulated by the FSA, it is not considered safe. Users can access 2,100 financial instruments, including CFDs on stocks, commodities, forex, ETFs, indices, cryptocurrencies, and bonds. Trading platforms are available as a web version and MT4 integration.

Finq.com trading fees are average compared to similar CFD brokers from the industry. They charge an average floating spread of 0,14 pips on EUR/USD and no commission on CFD trades. There are no additional trading or non-trading fees, such as inactivity, currency conversion, or deposit and withdrawal transaction fees.

Finq.com’s customer support is available by email (support@finq.com), live chat, and WhatsApp in Arabic and English.

Olymp-Trade-logo

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 minimum deposit ($100)
  • Competitive spread from 0.14 pips (EUR/USD)
  • No hidden fees
  • Up to $4,000 welcome bonus for new traders
  • $10,000 free demo account

Cons

  • Limited regulation
  • High minimum deposit of $100
  • Lacks educational material and research resources

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

  • Competitive trading fees
  • Compatibility with MT4 and TradingCentral
  • Access to over 2,100 financial instruments
  • Free demo account availability
  • Fast registration and KYC on-boarding process
  • 24/5 support in English and Arabic

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%

Finq.com vs. Olymp Trade Comparison

Select up to 3 Brokers

24Option
ActivTrades
Admiral Markets
ADSS
Ally Invest
Alpaca Markets
Alpari
Alvexo
Amana Capital
AMP Futures
AMP Global
ARMO Broker
AvaFutures
AVAtrade
Axi
Axiory
Ayrex
Binary.com
BinaryCent
Binomo
BlackBull Markets
Brokerpoint
Capex (Ex. CFD Global)
Capital.com Review
Capitalize.ai
Captrader
Charles Schwab
ChoiceTrade
City Index
CMC Markets
Comdirect
Davy Select
Degiro
Dukascopy
E-Trade
EasyEquities
Eightcap
eOption
eToro
ETX Capital
ExpertOption
FBS
Fidelity
FinmaxFX
Finq.com
Firstrade
Flatex
Forex.com
FP Markets
Fusion Markets
FX Trading
FXCM
FXPro
FXTM
GoMarkets
HF Markets
HYCM
IC Markets
IG Trading
Interactive Brokers
Internaxx
IQ Option
IQCent
IronFX
Libertex Review March 2024
Lightspeed
LiteFinance
Magnifi
Markets.com
Merrill Edge
MEXEM
Moneta Markets
Multibank
Naga
Next Markets
Ninja Trader
Oanda
OctaFX
Olymp Trade
OneRoyal
Optimus Futures
OptionRobot.com
Passfolio
Pepperstone
Plus500
Pocket Option
Questrade
RaceOption
Rakuten Securities
Revolut
Robinhood
RoboForex
Sarwa
Saxo Bank
Skilling
SogoTrade
Spreadex
Swissquote
Tastytrade
TD Ameritrade
ThinkMarkets
Tickmill
TMGM
Toroption
Trade Ideas
Trade Nation
TradeStation
Trading212
TrendSpider
Vantage
Vestinda
VT Markets
Webull
XM
XTB
Zacks Trade
Zerodha
Compare brokers

BROKER COMPARISON

Finq-com-logo
Olymp-Trade-logo

Overall rating

3,4/5

2,9/5

Overall rating

3,4/5

2,9/5

Trading Platform & Tools

3.5

2.8

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 300:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.5

3.5

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $50 if no trades after 3 months $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.8 1.1
Stocks & ETF 0 0
CFD (Gold) 0.3 20
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.4

2.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.0

4.5

See details
Minimum deposit (in UAE) $100.00 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.9

2.7

See details
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 55 100+
CFD Indices & Funds 50 21
CFD Stocks 2000 40
CFD Commodities 19 6
CFD Crypto 4 21
CFD Bonds 5 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

2

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

3.0

1.2

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.5

3.2

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Finq.com vs. Olymp Trade Comparison Conclusion

The results of our contrast of Finq.com vs. Olymp Trade are wrapped up in the table listed below.

Broker:Best For:
Finq.comCFD Trading With Welcome Bonuses
Olymp TradeBinary Options

Selecting the right option between Finq.com and Olymp Trade can be hard. Both on-line brokers have resemblances but vary regarding trading instruments, platforms & apps, regulation, down payment & withdrawals, and research study and education and learning. Choosing the best broker depends on customers’ trading & financial investment objectives, private 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.

This site is registered on wpml.org as a development site.