Olymp Trade or IQ Option | Which Broker is Better?

Do you want to start trading options online?

Have you created an account with any broker yet?

If you haven’t, chances are it’s because you have read lots of online reviews and are now confused if to go with broker A (Olymp Trade for most newbies); or broker B (IQ Option) for other traders.

Whatever your predicament, don’t worry!

Because in this post we’re about to shed some light on the two brokers.

And I guarantee that by the time you finish reading this guide you’ll find it easy to pick a side.

Best Brokers 2019

Trading Platform Start TradingBroker ReviewMinimum DepositMinimum Investment
Olymp Trade Demo Read
$10$1
Iq Option Trading App Demo Review
$10$1
Expert Option Kenya Demo Read$50$1
Iron FX Demo Review$10$1
Best brokers in Kenya 2019 Demo Read$10$1
Binomo Demo Review$10$1

Olymp Trade Broker Review

Olymp trade is an international trading platform which allows you to make money online by opening trades on; currency pair options, stock options, indices, commodities and cryptocurrencies.

The platform is cyprus based with headquarters in Seychelles.

It is estimated that olymp trade gets over 20,000 traders in a day with a sum of $13 681 062 plus – paid out monthly in winnings and over 37 990 740 trades closed every month.

If these figures are anything to go by, then Olymp Trade is yet the biggest options broker in the world.

Advantages of Trading With Olymp Trade 

1. Safety And Reliability – Olymp Trade is regulated by the Financial Commision (FinaCom) which is an independent organization that guarantees protection of trader rights.

The quality of trade execution on Olymp Trade is also certified by an independent system – Verify my trade.

2. Simple Trading Mechanics – Since options trading is all about a trader predicting if the asset price will rise above the current market quotation or fall below the current market quotation; it is very easy to pick sides in olymp trade.

When your prediction is correct you earn full benefits of the outcome. And if your prediction is wrong, you will lose your money.

3. High Yields – You will earn a maximum of 92% of your investment if your forecast is correct in Olymp Trade

4. Demo Account – Olymp Trade has a training account which allows you to trade on real market conditions without any risk.

To activate this account type, create an Olymp Trade account via the form below.

An Olymp Trade Demo account comes with $10,000 demo units which you can replenish for free if you exhaust them.

5. Easy to Access – The Olymp Trade platform is easily accessible via: –

  1. The Olymp Trade Android App – Download
  2. Olymp Trade iOS App – Download
  3. Web Browsers – Chrome, Mozilla, Opera mini, Safari…

6. The Olymp Trade platform is fully localized to the following languages: Russian, English, Thai, Indonesian, Portuguese, Spanish, Turkish, Vietnamese, Chinese, Arabic, Hindi and Malay.

7. All the best trading indicators in one place:

For technical analysis you can use either of these indicators in Olymp Trade: – SMA, EMA, WMA, Parabolic SAR, MACD, RSI, Stochastic, DeMarker, Bulls Power, Bears Power, Williams %R, Bollinger Bands, Ichimoku Cloud, Sentiment, Alligator, Aroon, Zig Zag, CCI, Momentum, Rate Of Change, Gator, Awesome Oscillator, Detrended Price Oscillator, Average Directional Index

8. Over 78 Assets Available to Trade – these include 36 currency pairs; 10 cryptocurrencies against USD; 2 cryptocurrency pairs; 6 commodities; 10 stock indices and 13 shares of the largest companies worldwide.

Olymp Trade Account Types 

Demo account – this account type is free to activate. You only need to register to start trading on a demo account – without the risk of losing your money.

Standard Account – To activate this a account type, deposit at least $10 in yo your account.

Benefits of Trading With a Standard Account in Olymp Trade

  1. You’ll earn real money when you win
  2. Get a maximum yield of 82% when you win
  3. Minimum deposit $10
  4. Maximum trade amount $2,000
  5. Withdrawal fees not charged

How to deposit Money to Olymp Trade 

Advantages of Trading With a VIP Account in Olymp Trade

To get a VIP status in Olymp Trade, make a lump sum deposit of $2,000 on your trading account.

Thereafter, you will get these benefits: –

  • Increased return on the assets: the return is 10% higher than that of standard traders.
  • An increased maximum trade amount: $ 5000 / € 5000 / ₽4000000 / 35000R$.
  • A personal VIP consultant who provides support to you and teaches online trading strategies.
  • You will be added to the “Boost your trading volume” program, which allows you to receive risk-free trades monthly for high trading volume.
  • You’ll be taught secret trading strategies.
  • You get the opportunity to participate in private theoretical and practical webinars.
  • Also get daily market reviews.

IQ Option Review

IQ Option is a trading platform that lets you make money through financial instruments like; Binary and Digital Options, Forex, Crypto (СFD), Stocks and other CFD contracts.

It is free to join and to train risk free on real market conditions.

Advantages of Trading With IQ Option

1. Over 400 assets to trade – spread across: –

  • Stocks (CFD) 187 
  • 53 Options
  • 74 Forex pairs
  • 26 Cryptocurrencies
  • Commodities
  • And 25 ETFs

2. Low Investment

You can start trading in IQ Option with $1 only.

Between Olymp Trade and IQ Option, what's best to invest in

3. Multiple Deposit And Withdrawal Methods 

You can fund your IQ option account from any part of the world via these methods: –

  • Visa,
  • Visa Electron,
  • Maestro, and
  • MasterCard.
  • e Wallets – Skrill, Neteller, WebMoney
  • Bitcoin.

4. All the best Trading Indicators in One Place 

For technical analysis you can use either of these indicators in Iq Option: –

SMA, Parabolic SAR, MACD, RSI, Stochastic, Bulls Power, Bears Power, Bollinger Bands, Ichimoku Cloud,  Alligator, Aroon, Zig Zag, CCI, Momentum, Rate Of Change, Gator, Awesome Oscillator, Detrended Price Oscillator and Average Directional Index

5. Simple Trading Mechanics

Trading in IQ Option is easy. You just need to predict the future price of a given asset. And when the outcome is the same as your prediction, you win.

There are three possible outcomes when trading options with IQ Option.

a. Price decline also known as put option

Choose this option if you think that the price of a given asset will fall. You can play the card by pressing the down/red button on your trading chart.

b. Price Rise/Call Option

You win with this option if you predict that the price of the asset which you are trading will rise in value. Just click on the green/up button on your chart to execute this option.

You will win if the new price is more expensive – even with a single point.

c. Neutral

Other times you can predict that the price of an asset will rise or fall but then it stays neutral at expiration. In this case you get your money back.

6. Safety and Reliability 

Iq Option is regulated by Cyprus Securities and Exchange Commission – CySEC.

Now, this is really good because CySEC holds client investments separate from broker money and maintains the investments with grade AAA banks.

In addition, CySEC ensures that trader info is highly protected by secure SSL certificates.

And this is important because it means that you can not be scammed and your info is always safe with IQ Option.

IQ Option Account Types 

Demo Account.

Iq Option has a demo account which new traders can use for training and to acquaint themselves with the market without risks.

These demo accounts come with $10,000 demo credits which you can replenish at any time when your account is depleted.

IQ Option Standard Account 

You can activate this account type by depositing $10 into your live trading account.

Benefits of this account type

  1. Earn real money when you win
  2. Get a maximum yield of 90% when you win
  3. Minimum deposit $10
  4. Start getting volatility alerts
  5. Receive market updates on email
  6. Fast Payouts

How to Deposit Money to Your IQ Option Account

IQ Option VIP Account

This account type is only available to non-EU traders.

To qualify, make a minimum deposit of $1900 or have a trading volume of $15000 within a period of 3 months.

Benefits of the IQ Option VIP Account

  • Increased profitability on different assets
  • Enhanced training that will help you make profits
  • Get a VIP account manager
  • Participate in IQ Option tournaments for free

Olymp Trade or Iq Option, Which one is Better?

  • Olymp Trade has built a stronger brand. And so has Iq Option.
  • Both brokers offer demo accounts with $10,000 for training and standard accounts activated with a minimum deposit of $10
  • You can trade with $1 on both platforms
  • Both Olymp trade and Iq option have good customer service teams supporting multiple languages
  • Easy deposit and withdrawal methods
  • Reduced payout turnaround time.
  • Free education

What edge does Iq Option have Over Olymp Trade? 

  • You only need to deposit $1900 to activate a VIP account
  • Iq Option profits are calculated with 90%. Olymp Trade’ is 80%

What edge does Olymp Trade have Over IQ Option? 

  1. Comprehensive education material
  2. User friendly interface
  3. Olymp Trade is reputable and loved globally.

READ  Beginners Guide For Trading Profitably in Olymp Trade

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