Comparison Olymp Trade vs Trading 212
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Olymp Trade vs Trading 212. Which of them: Olymp Trade or Trading 212 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 Trading 212 is 0.8 average spread for EUR/USD. When analyzing commission fees in CFD: Olymp Trade provides 0 pips for ECN, and Trading 212 provides fees built into spreads. 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. Options Trading are provided to customers by Olymp Trade and Stocks Trading, ETFs Trading, Forex Trading are provided by Trading 212. As for platforms, Olymp Trade offers Web Platform, Android App, iOS App, while Trading 212 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 established in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. And Trading 212 was established in 2004 in Bulgaria, and it is regulated by FCA, FSC. Withdrawal of funds from Olymp Trade can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Trading 212 provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of 0. The withdrawal time for Olymp Trade is 1 - 5 business days, and that one for Trading 212 is 0-5 days.
Overall, Olymp Trade boasts 4 stars versus Trading 212 4.3 stars.