In this comparison we will take a look at IQ Option vs Olymp Trade. Comparing brokers is not always easy. We will take a look at IQ Option and Olymp trade and break down the pros and cons of both. Between both IQ Option is the better choice. IQ Option has more markets available, the company has been around for longer, allows Islamic Accounts, and has more deposit methods available. Their trading platform won many awards. Olymp Trade is a better choice if you reside in the USA or any of the IQ Option banned countries.
| IQ Option | Olymp Trade |
|---|---|
 IQ Option is a trading platform, offering a wide range of investment options through CFDs ,derivatives like binary and digital options. Full Review |  Olymp Trade is a popular online broker, serving over 25,000 active traders every day. They offer stocks, commodoties, ETFs, Cryptocurreny, and Forex. |
| Year founded: | |
| 2013 | 2014 |
| Regulated by: | |
| CySec | FinaCom |
| Headquarters: | |
| Limassol, Cyprus | St. Vincent and the Grenadines |
| Is a Bank: | |
| No ❌ | No ❌ |
| Demo Account: | |
| Yes ✔️ | Yes ✔️ |
| Minimum Deposit: | |
| $10 | $10 |
| Minimum Trade: | |
| $1 | $1 |
| Islamic Account: | |
| Yes ✔️ | No ❌ |
| Social/Copy Trading: | |
| No ❌ | No ❌ |
| Spread Betting: | |
| No ❌ | No ❌ |
| Excluded countries: | |
| Albania, Afghanistan, Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Portugal, Russia, South Sudan, Syria, USA | USA, Canada, Israel, Australia, Russia, Europe |
Types of Products And Markets Available
When comparing the types of markets offered, IQ Option is better. IQ Option offers more markets and instruments you can trade. In total they offer 262 CFDs and binary options. Olymp Trade offers 102 CFDs and doesn't allow binary options. Visit IQ Option
| IQ Option | Olymp Trade |
|---|---|
| Markets Available: | |
| Options, Forex, Stocks, Crypto, Commodities, ETF, Indices | Commodities, Stocks, Indices, ETF, Currencies, Crypto |
| CFDs Total | |
| Yes ✔️ 262 | Yes ✔️ 102 |
| Forex Pairs | |
| Yes ✔️ 41 | Yes ✔️ 35 |
| Stocks | |
| Yes ✔️ 181 | Yes ✔️ 37 |
| Cryptocurrencies | |
| Yes ✔️ 12 | Yes ✔️ 3 |
| Commodities | |
| Yes ✔️ 4 | Yes ✔️ 6 |
| ETFs | |
| Yes ✔️ 24 | Yes ✔️ 4 |
| Options | |
| Yes ✔️ | No ❌ |
| EFPs | |
| No ❌ | No ❌ |
| Mutual Funds | |
| No ❌ | No❌ |
| Robo Portfolios | |
| No ❌ | No ❌ |
Trading Platforms
When comparing the trading platforms, both brokers offer good proprietary platforms and mobile trading apps. IQ Option doesn't have a desktop platform available, while Olymp Trade does. Both iOS and Android is supported.
Comparing the awards their platforms received, IQ option has 15 and Olymp Trade won 4.
Overall, IQ Option is better for their trading platform.
| IQ Option | Olymp Trade |
|---|---|
| Proprietary Platform: | |
| Yes ✔️ | Yes ✔️ |
| Desktop Platform: | |
| ❌ | Yes ✔️ MacOs, Windows |
| Mobile App: | |
| Yes ✔️ iOS, Android | Yes ✔️ iOS, Android |
| Web Trading Platform: | |
| Yes ✔️ | Yes ✔️ |
| MetaTrader: | |
| No ❌ | No ❌ |
| cTrader: | |
| No ❌ | No ❌ |
| Mirror Trader: | |
| No ❌ | No ❌ |
| Zulu Trade: | |
| No ❌ | No ❌ |
| Dupli Trade: | |
| No ❌ | No ❌ |
Fees
It is hard to compare fees of brokers. Some brokers don't charge commissions, but charge higher spreads. Spreads also vary on market conditions, volatility, liquidity and more. Overall, both are close. IQ Option has a withdrawal fee that Olymp Trade doesn't charge. If you want to withdraw funds multiple times to your bank account via wire transfer, Olymp Trade is better.
| IQ Option | Olymp Trade |
|---|---|
| Trading Fees: | |
| Yes ✔️ Spread Varies | Yes ✔️ Spread Varies |
| Deposit Fees: | |
| No ❌ | No ❌ |
| Withdrawal Fees: | |
| $31 (Bank Transfer) $0 (Credit Cards, eWallets) | $0 (Bank Transfer) $0 (Credit Cards, eWallets) |
| Overnight Funding: | |
| Yes ✔️ | Yes ✔️ |
| Inactivity Fee: | |
| Yes ✔️ $10/month | Yes ✔️ $10/month |
Customer Support
Customer support is great on both platforms. Both offer email, online chat and phone support. Olymp trade has 2 more languages, but IQ Option support is quicker. The average response time for chat support is 43 seconds and 20 minutes for email. IQoption is better for their customer support.
| IQ Option | Olymp Trade |
|---|---|
| eMail: | |
| Yes ✔️ | Yes ✔️ |
| Online Chat: | |
| Yes ✔️ | Yes ✔️ |
| Phone Support: | |
| Yes ✔️ | Yes ✔️ |
| Languages: | |
| 13 | 15 |
Account Funding
Both have all the major deposit methods available, while IQ Option offers a few more. For most users both have a good selection of payment methods.
| IQ Option | Olymp Trade |
|---|---|
| Deposit Methods: | |
| Visa, MasterCard, Maestro, Visa Electron, Neteller, Skrill, WebMoney, PayPal, Wire Transfer, Bitcoin, eWallets | Visa, MasterCard, Skrill, AstroPay, WebMoney, Bitcoin, BanCo, BBVA Frances |
| Deposit Fee: | |
| No ❌ | No ❌ |
Education
Looking at the educational resources, both IQ option and Olymp trade offer webinars and video tutorials. We give this one to IQ option as the webinars are better and frequent.
| IQ Option | Olymp Trade |
|---|---|
| Video Tutorials: | |
| Yes ✔️ | Yes ✔️ |
| Webinars: | |
| Yes ✔️ | Yes ✔️ |
Verdict
So which is better? IQ Option or Olymp Trade? We picked IQ Option as the better broker. They offer more markets, have fast execution times, and great 24/7 customer support. Their trading fees are good, and their trading platform won many awards. The multichart layout, historical quotes, technical analysis, alerts, risk management tools, and the trading community make IQ Option a better choice.
IQ Option
- Award Winning Platform
- Payouts up to 900%
- Regulated by CySec
- Great selection of financial assets
