Comparison eToro vs Olymp Trade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares eToro vs Olymp Trade. Is eToro or Olymp Trade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. You can read more detailed information on commission fees in the online broker reviews.
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, Crypto Trading are provided to customers by eToro and Options Trading are provided by Olymp Trade. Concerning the platforms, eToro uses 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. eToro was founded in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. 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 eToro with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $25. 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 eToro is within 1 business day, and that one in Olymp Trade is 1 - 5 business days.
As a result, the rating of eToro is 4.5 stars versus that of Olymp Trade of 4 stars.