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Comparison CMC Markets vs Olymp Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs Olymp Trade. Which of them: CMC Markets or Olymp Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading are provided to customers by CMC Markets and Options Trading are provided by Olymp Trade. As for platforms, CMC Markets offers Web Platform, Android App, iOS App, while Olymp Trade offers Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. We can withdraw funds from CMC Markets with the help of Bank Wire, and its withdrawal fee is free. And Olymp Trade provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in CMC Markets is 1 - 2 business days, and that one in Olymp Trade is 1 - 5 business days.
As a result, the rating of CMC Markets is 4.8 stars versus that of Olymp Trade of 4 stars.