Comparison DEGIRO vs Olymp Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare DEGIRO vs Olymp Trade. Which of them: DEGIRO or Olymp Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Now, let’s compare commission fees in Forex, the commission fee of DEGIRO is 5, and the commission fee of Olymp Trade is starts at 0 pips. We can also analyze commission fees for trading CFD: they are 4 in DEGIRO vs 0 pips for ECN in Olymp Trade. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are DEGIRO provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, and Olymp Trade provides customers with Options Trading. Concerning the platforms, DEGIRO uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Olymp Trade uses 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. DEGIRO was founded in 2013 in Netherlands, and it is regulated by AFM, DNB. And Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. Withdrawal of funds from DEGIRO can be done using Bank Wire with a withdrawal fee of 0. And Olymp Trade provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in DEGIRO is 1-2 business days, and that one in Olymp Trade is 1 - 5 business days.
As a result, the rating of DEGIRO is 4.1 stars versus that of Olymp Trade of 4 stars.