IQ Option vs Olymp Trade

IQ Option vs Olymp Trade – Which is better?

IQ Option and Olymp Trade are two very popular binary options brokers in the market. Many beginners wonder which broker to choose and which will best suit their needs. That is why we decided to prepare a detailed comparison of these two platforms and clearly define which broker is better. If you do not want to read the entire article, below is a summary with a quick choice.

Quick Pick:

Best Regulations:

Best for Beginners:

If you are looking for a broker that offers the highest level of security, experience, high returns and many certificates, choose IQ Option. If you are a complete beginner, choose Olymp Trade because this broker offers an easy-to-use platform that has a 30-day learning program that will teach you the basics of trading in a month. Each of the brokers listed has a free demo account that you can open by going to the broker’s website.

Detailed Comparison

History

was founded in 2013 and I am one of the most experienced binary options brokers on the market. The broker quickly gained popularity thanks to its trading platform, which was the first to offer traders the possibility of advanced chart analysis. Olymp Trade was established shortly after, in 2014. Olymp Trade initially focused on Asian markets, but over time expanded its activities to other countries. Over 100 million customers use the services of IQ Option, and slightly over 60 million customers use the services of Olymp Trade.

Result:  beacuse is more experienced.

Trading Platforms

Both brokers offer very nice looking and modern platforms. IQ Option focuses primarily on a large number of indicators and analytical tools. Olymp Trade also offers the possibility of using “Adviser”, which automatically analyze the market and inform about the transaction signal. You will find the opportunity to participate in various tournaments on both platforms. IQ Option offers a lot more information about the asset you are interested in – the broker provides news, automatic analyzes and information about trading hours.

Result: A draw in my opinion because each broker has its advantages.

Bonuses

does not offer bonuses of any kind. This is due to the fact that the broker has many certificates in various jurisdictions and is subject to certain legal restrictions. offers bonuses (up to 50%), risk free trades and much more.

Result: Olymp Trade because it offers bonuses and risk free trades.

Instruments

is a universal broker. In addition to binary options, it also offers stocks, crypto, ETFs, CFDs, digital options. Thanks to this, you can try your hand at different instruments and choose what is best for you. offers binary options and CFDs on stocks and currencies.

Result:  because it offers more instruments.

Assets

The diversity of the platform again shows its dominance in terms of the amount of available assets – on the IQ Option platform you will find over 400 assets, and on the platform only 150. In addition, IQ Option provides more tools for analyzing stocks, making trading easier.

Result:  because it has more assets.

Regulations

IQ Option has many regulations all over the world. The most recognizable certificate we will award to IQ Option is CySEC. Olymp Trade has one license – FinaCom. The broker is a “Category A” member of the International Finance Committee. Thanks to this, you have a guarantee that you will not be cheated, and the quality of services is at the highest level. In both cases, they are government licenses, so they are as secure as possible.

Result: It’s a draw

Minimum / Maximum Trade

As for the minimum investment, both brokers offer the possibility to open a position for only $1. The limit for IQ Option is as high as $20,000. It is an absolute record in the industry. Olymp Trade gives you the option to open a minimum position of $1 and a maximum position of up to $5000 (for the “Expert” account type)

Winner:  because it allows you to open a larger position.

Mobile Apps

, just like , offer their mobile applications on phones with Android and iOS, and even computers with Windows and MacOS. The applications are very similar to each other and it is difficult to identify a favrotite. In my opinion, this is a matter of preference.

Result: In my opinion, the application is a bit better because it offers the full functionality of the platform.

Demo Accounts

Both brokers offer a free demo account that you can open by going to the broker’s website. In both cases, the account is open-ended and you will receive $ 10,000 in virtual funds that you can top up at any time.

Result: It’s a draw

Minimum Deposit

and offer a minimum deposit of $ 10. Thanks to this, practically everyone can start their adventure with trading. It is worth noting that Olymp Trade offers several types of accounts depending on how much you deposit. You get the best trading conditions by making a minimum deposit of $ 2000. If you plan to deposit less, IQ Option will be a better choice.

Result:  because it offers solid, very good investment conditions and a deposit from just $10.

Payment Methods

Both brokers perfectly match their offer to the country in which they operate. Below is a list of the available payment methods. Please note that depending on which country you live in, the deposit methods will differ.

IQ Option: Visa, Mastercard, Maestro, Sofort, Bank Transfer, Skrill, Neteller

Olymp Trade: Visa, Mastercard, Maestro, Boleto, Pix, AstroPay Card, Loterica, Banco do Brasil, Caixa, Bardesco, Perfect Money, Skril, Neteller, Bitcoin, Tether (trc-20), Etherium, WebMoney, China UnionPay

Result: It’s a draw

Conclusion

As you can see, the choice can be very difficult. At first glance, brokers offer very similar features, similar platforms and a high level of regulation. Better investment conditions, extensive experience and many certificates speak in favor of IQ Option. Olymp Trade offers bonuses, a 30-day course for beginners. In my opinion, IQ Option is generally a better broker, but if you’re looking for a beginner’s platform, go for Olymp Trade.

IQ Option

IQ Option is the most recognizable binary options broker on the market. The broker was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to offer numerous indicators, professional analytical tools and an integrated economic calendar. Currently, over 100 million clients use the broker’s services. IQ Option is renowned for the highest returns in the industry and a high level of security. The broker is regulated by 7 entities around the world. IQ Option is not only binary options but also forex, CFDs, Crypto, ETFs and stocks. Due to legal restrictions, IQ Option cannot offer bonuses, signals or copy traders. If you are looking for a regulated binary options broker with a modern platform and the highest returns in the industry, choose IQ Option.

• Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
• Minimum Deposit: $10
• Minimum Trade: $1
• Bonus: None
• Payouts: 98% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• US / UK / EU / AU Traders: No

Olymp Trade

Olymp Trade is a very popular binary options platform that was established in 2014. It is the most awarded broker on the market, and you will receive many awards for its platform and the quality of its services. Olymp Trade gives you access to an advanced trading platform with many indicators and analytical tools. In our opinion, it is the best broker for beginners because it offers a low minimum deposit from $5 and has a special educational program for beginner traders. The educational program is based on simple and progressively more difficult daily tasks. According to the data provided by Olymp Trade, 30 days is enough to gain advanced knowledge that will allow you to earn money on the market. If you are looking for a regulated binary options broker that offers a modern platform, low initial deposit and a great educational program, choose Olymp Trade.

• Regulation: Yes, FinaCom
• Minimum Deposit: $10
• Minimum Trade: $1
• Bonus: Up to 50%
• Payouts: 92% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• US / UK / EU / AU Traders: No