Broker to Trading

Both of these brokers offer trading on user friendly trading platforms, including 24/7 trading. Each has a low minimum trade size of $1 and a low minimum deposit of $10. Both provide account types with additional features for higher minimum deposits (e.g. VIP account types). Thus the trader can trade with a smaller or larger account size. Both brokers offer a similar maximum payout rate for their Up/Down trading format.

Neither allows automated trading with robots. Both brokers offer fixed time trades, however Olymp Trade also provides trading with multipliers (up to 500x), which are open ended, including with Stocks and Crypto CFDs on its live and demo accounts. Binomo offers CFD trading with multipliers only on its demo account so far, as it is developing this feature.

Minimum deposit and minimum trade size

• The minimum deposit for Binomo is $10 (but can be lower in some countries). The minimum deposit for Olymp Trade is $10.
• The minimum trade size for Binomo is $1. The minimum trade size for Olymp Trade is also $1.

Trade types and payout rates

• Binomo offers trading in an Up/Down format (called FTT), where the value of the market at the end of the trade is compared with its value at the start. The maximum payout rate varies depending on the account type. The Standard account offers payout rates up to 85%. The Gold account offers payout rates up to 90%. The VIP account offers payout rates up to 90%.
• Olymp Trade offers trading in an Up/Down format (called FTT Mode). Maximum payout rates depend on the level of the trader. The maximum payout rates are 82%* for Starter, 84%* for Advanced and 92%* for Expert.

Account types and features

• Binomo offers three live trading accounts. These are Standard, Gold and VIP. All accounts allow for participation in tournaments. The minimum deposit for the Standard account is $10, for Gold $500 and for VIP $1000. Gold offers more markets to trade, a deposit bonus up to 150%, quicker withdrawals, a payout rate up to 90% and cashback up to 5%. VIP has the most markets to trade (70+), the quickest withdrawals (up to 4 hours), a payout rate up to 90%, a deposit bonus up to 200%, cashback up to 10%, insurance, a personal manager, risk free trades and prizes. Tournaments are available for all account types, including the free demo. The Happy Hour is available for Standard, Gold and VIP, when payouts are increased on selected trades.
• Olymp Trade offers three trader levels, Starter, Advanced and Expert. The minimum deposit for Starter is $10. Starter is for deposits up to $499, Advanced is for deposits from $500 to $1999 and Expert is for deposits above $2000. Starter offers free education and the basic functions of the platform. Advanced offers a monthly analyst consultation, seven pre-configured strategies, one weekly private webinar and funds withdrawal within 3 days. Expert offers risk free trades, weekly analyst consultation, trading signals, exclusive trading ideas, all pre-configured strategies, 3 private webinars per week, personal training and withdrawal of funds within 24 hours. Each level can have higher maximum deposit amounts and offers improved maximum payouts.

Platform and markets

Binomo provides a trading platform for desktop and mobile trading apps.

Olymp Trade offers a trading platform available for desktop and mobile trading apps.

• Binomo offers markets to trade covering Currency Pairs, Stocks, Energy, Indices, Metals and Cryptocurrencies.
• Olymp Trade markets to trade covering Currency Pairs, Stocks, Energy, Indices, Metals, Cryptocurrencies and ETFs.

Fastest trade time

The fastest trade time on Binomo is 30 seconds. The fastest trade time on Olymp Trade is 1 minute.

Why Binomo or Olymp Trade ?

Traders who want to trade on a user friendly trading platform can do so at either broker. Traders who want to trade on smaller account sizes and with a low minimum deposit can do so at either. Traders who want to trade fixed time trades can do this at both brokers. Traders who want to trade multipliers on a range of markes (including Cryptos) can do so at Olymp Trade. Traders who want 30 second trading, can find this at Binomo.

Comparison Summary

• Each has a minimum trade size of $1
• Both offer a minimum deposit of $10
• Each allows deposits and withdrawals in cryptocurrencies
• Each provides VIP type accounts, with higher minimum deposits
• Binomo has a faster trade time (30 seconds)
• Olymp Trade also provides live trading with Multipliers, up to 500x