Comparison IQ Option vs Olymp Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IQ Option vs Olymp Trade. Which of them: IQ Option 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 IQ Option is from 0.035%, and that one of Olymp Trade is none. 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, Options Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by IQ Option and Options Trading are provided by Olymp Trade. As for platforms, IQ Option 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. IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. 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 IQ Option with the help of Bank Wire, Visa/Mastercard, 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 IQ Option is within 1 business day, and that one in Olymp Trade is 1 - 5 business days.
Overall, IQ Option boasts 3.9 stars versus Olymp Trade 4 stars.