Comparison Fidelity vs Olymp Trade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Fidelity vs Olymp Trade. Is Fidelity or Olymp Trade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. When analyzing trading options, the commission fees of Fidelity is $4.95 + $0.65, and that one of Olymp Trade is none. 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, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Fidelity and Options Trading are provided by Olymp Trade. As for platforms, Fidelity offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Olymp Trade offers Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Fidelity was established in 1946 in USA, and it is regulated by SEC, FINRA, FCA (UK). And Olymp Trade was established in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. We can withdraw funds from Fidelity with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). 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 Fidelity is immediate (Bank Wire), and that one in Olymp Trade is 1 - 5 business days.
As a result, the rating of Fidelity is 4.3 stars versus that of Olymp Trade of 4 stars.