You are a trader and looking for a good platform to trade. If you want a reliable broker, both Olymp Trade and IQ options. Olymp Trade is one of the few online options brokers and it can be said to be a real IQ Option competitor. Many new traders are torn between choosing wither platform. Olymp Trade has a guarantee by The Financial Commission (FinaCom). There are some differences between IQ option vs Olymp trade the following:
Regulators
Olymp Trade is one of the regulated by the Financial Commission and it is an independent regulator based in Russia. IQ Option, on the other hand, is regulated by the Cyprus Securities and Exchange Commission (CySEC). Both IQ option vs Olymp trade regulators ensures that the broker’s activities are in accordance with financial laws. They also handle disputes arising from broker malpractices.
Types of assets
Olymp Trade is offering options, forex, stocks, indices, cryptocurrencies, and commodities. There are about 80 different financial instruments. IQ Option, on the other hand, has far more financial instruments. These include forex, options, ETFs, commodities, indices, cryptocurrencies and CFDs.
Returns on trades (options)
Olymp Trade is offering returns ranging from 82% to 90% depending on the asset, volatility and account type. IQ Option, on the other hand, offers returns ranging from 65% to 95%. The return also depends on the asset, volatility and account type.
Accessibility
Both Olymp Trade and IQ Option are accessible via a web browser, desktop apps (Windows and macOS) as well as smartphone apps (Android and iOS).
Support
IQ option or Olymp trade platforms have a friendly and knowledgeable support team. Their support can be reached via phone, chat, and email. They can also be reached via social media platforms such as Facebook.
Additional features
Olymp Trade has two different trading interfaces; one for options and another for forex. The trading interfaces are intuitively designed and easy for beginners to get started with. This broker also offers bonuses for deposits made.
IQ Option also has a well-designed trading interface. Their interface is easy to navigate and includes dozens of technical indicators. This broker also offers custom features such as chats and support which allows you to interact with other traders. IQ Option also holds tournaments that allow traders to win cash prizes.
Conclusion
Both platforms are a good place for options traders to invest. Their $10 minimum deposit makes it easy to get started with a little investment. IQ Option offers more and better features including a higher return for options traders
