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Comparison Olymp Trade vs Plus500
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Olymp Trade vs Plus500. Is Olymp Trade or Plus500 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 Olymp Trade is starts at 0 pips, and the commission fee of Plus500 is from 0.6 pips. We can also analyze commission fees for trading CFD: they are 0 pips for ECN in Olymp Trade vs from 0.065% in Plus500. You can read more detailed information on commission fees in the online broker reviews.
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 Olymp Trade provides customers with Options Trading, and Plus500 provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading. As for platforms, Olymp Trade offers Web Platform, Android App, iOS App, while Plus500 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. Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. And Plus500 was founded in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. We can withdraw funds from Olymp Trade with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Plus500 provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. The time for withdrawal in Olymp Trade is 1 - 5 business days, and that one in Plus500 is 1-2 working days.
Overall, Olymp Trade boasts 4 stars versus Plus500 4 stars.