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Comparison Firstrade vs Olymp Trade

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Firstrade vs Olymp Trade. Which of them: Firstrade 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 Firstrade is $0, and that one of Olymp Trade is none. 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 Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and Olymp Trade provides customers with Options Trading. As for platforms, Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), 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. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. 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 Firstrade with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. 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 Firstrade is 2-3 business days, and that one in Olymp Trade is 1 - 5 business days.

Overall, Firstrade boasts 3.9 stars versus Olymp Trade 4 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Firstrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Olymp Trade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Firstrade
Stock
$0
ETFs
$0
Options
$0
Mutual Funds
$0
Bonds
$40
Forex Spreads
N/A
CFDs
N/A
Olymp Trade
Stock
N/A
ETFs
N/A
Options
N/A
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
Starts at 0 pips
CFDs
0 pips for ECN

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Firstrade
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Olymp Trade
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Firstrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Olymp Trade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Firstrade
Research & Analysis
Education
Demo account
Olymp Trade
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Firstrade
Android App
iOS App
Olymp Trade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Firstrade
Minimum deposit
$0
Bank Wire
Visa/Mastercard
Olymp Trade
Minimum deposit
$10
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Firstrade
Bank Wire
Visa/Mastercard
Withdrawal Time
2-3 business days
Withdrawal Fee
$30 domestic US, $50 international
Olymp Trade
Bank Wire
Visa/Mastercard
Withdrawal Time
1 - 5 business days
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Firstrade
Сountry of Origin
United States
Year Founded
1985
Regulated By
SEC and FINRA
Olymp Trade
Сountry of Origin
St. Vincent and the Grenadines
Year Founded
2014
Regulated By
Not Regulated

Customer Service

Customer Service
Phone
Email
Live Chat
 
Firstrade
Phone
Yes
Email
Yes
Live Chat
No
Olymp Trade
Phone
+27 (21) 1003880
Email
support-en@olymptrade.com
Live Chat
No

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