This comparison guide assists customers that struggle to choose in between Next Markets and Olymp Trade to locate the most effective online broker for their trading and investment requirements. It assesses the highlights of both brokers side by side to aid users compare their service and make an informed choice.
To help customers choose the ideal broker in between Next Markets and Olymp Trade to find the best-suited system, listed below is a list of broker’s pros and cons, complied with by a contrast of their major trading functions, consisting of trading systems & devices, costs, mobile trading, deposit & withdrawal, assets, policy, and client assistance.
Next Markets vs. Olymp Trade: Summary
![Next Markets logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Next-Markets.png)
Next Markets is a multi-asset CFD broker based in Germany. It is regulated by the MFSA and is considered safe. The broker allows users to trade over 7,000 stocks, 1,000 ETFs, and CFDs on cryptos, forex, commodities, and bonds.
Next Market’s fees are below average compared to similar brokers in the industry. They charge 0% commission on stock and ETFs and low fees on CFDs. Forex spreads start from 0.6 pips (EUR/USD). The broker does not charge any withdrawal on inactivity fees.
Next Market’s customer service is available from Monday to Friday from 09:00 to 18:00 by email and phone (+49 221 98259 007).
![Olymp-Trade-logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/08/Olymp-Trade.png)
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 ($0)
- 0% commission stocks and ETFs
- Low spreads from 0.6 pips (EUR/USD)
- Free trading signals
- No hidden commissions or non-trading fees
Cons
- Algorithmic trading is not available
- Limited advanced trading tools and features
- No demo or Islamic swap-free accounts are available
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
- Access to 8,000 financial instruments
- Broad range of deposit & withdrawal methods
- User friendly mobile app
- Competitive trading fees, spreads, and commissions
- Beginner friendly trading tools and features
- User friendly mobile app
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%
Next Markets vs. Olymp Trade Comparison
Select up to 3 Brokers
![Next Markets logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Next-Markets.png)
Next Markets
![Olymp-Trade-logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/08/Olymp-Trade.png)
Olymp Trade
BROKER COMPARISON
![Next Markets logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Next-Markets.png)
![Olymp-Trade-logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/08/Olymp-Trade.png)
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 100:1 | 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 | 1.1 |
Stocks & ETF | 0 | 0 |
CFD (Gold) | 0 | 20 |
Crypto | 0 | 0 |
Options | 0 | 0 |
Conversion Fees | 0 | 0 |
Misc. Fees | 0 | 0 |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | $0.00 | $10.00 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
Shares | 7000 | 80+ |
ETF & Funds | 1000 | 10+ |
Crypto | 0 | 20+ |
Commodities | 0 | 10+ |
Indices | 0 | 10+ |
Options | 0 | 0 |
Futures | 0 | 0 |
Bonds | 0 | 0 |
Forex Instruments | 0 | 100+ |
CFD Indices & Funds | 1000 | 21 |
CFD Stocks | 7000 | 40 |
CFD Commodities | 0 | 6 |
CFD Crypto | 0 | 21 |
CFD Bonds | 0 | 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
Next Markets vs. Olymp Trade Comparison Conclusion
The outcomes of our comparison of Next Markets vs. Olymp Trade are involved the table below.
Broker: | Best For: |
Next Markets | Stocks and ETF trading and investing |
Olymp Trade | Binary Options |
Selecting the right selection between Next Markets and Olymp Trade can be difficult. Both online brokers have resemblances however differ pertaining to trading instruments, systems & apps, regulation, down payment & withdrawals, and research study and education and learning. Selecting the very best broker depends upon users’ trading & investment goals, private choices, and experience level.
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.