Online Broker | Maximum Payout Rate | Minimum Deposit | Markets | Trade Types |
---|---|---|---|---|
Olymp Trade | 92%* Maximum Payout Rate | $10 Minimum Deposit | 80+ Markets To Trade | FTT Mode Trade Types |
IQ Option | 900%* Maximum Payout Rate | $10 Minimum Deposit | 400+ Markets To Trade | All-or-Nothing, Digital Trade Types |
IQ Option vs Olymp Trade Comparison
Both of these brokers offer trading for desktop and mobile. Each has a minimum trade size of $1 and a minimum deposit of $10. Each broker provides a user friendly trading platform available on a range of devices from desktop to mobile.
Both offer an Up/Down format (called FTT Mode at Olymp Trade and All-or-Nothing at IQ Option) while IQ Option additionally provides a target based format (called Digital). Up/Down (or High/Low) is a basic trading format, where the value of the market at the end of the trade is compared with its value at the beginning of the trade.
Target based formats set targets and can offer higher payout rates given that they can be more difficult trades. IQ Option offers a higher maximum payout rate for the target based format and the High/Low format, for successful trades.
Both brokers also offer leveraged trading. Each provides Multipliers, which offer leverage up to 500:1. The trader selects the trading mode from the platform.
Minimum deposit and minimum trade size
- The minimum deposit for Olymp Trade is $10. The minimum deposit for IQ Option is $10.
- The minimum trade size for Olymp Trade is $1. The minimum trade size for IQ Option is also $1.
Payout rates and formats
- 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.
- IQ Option offers Up/Down trading (called All-or-Nothing), with payout rates up to 100%. It also provides Digital Options which have strike price targets and payout rates up to 900%.
Account types
- 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.
- IQ Option has two account types, Real and VIP. IQ Option Ltd. provides VIP status for traders from non-EEA countries. The minimum deposit for a Real account is $10. On its trading platform IQ Option offers market analysis and video tutorials. For VIP status, the trader must meet at least one of the following requirements, namely to deposit $1900 (or its equivalent) or to have a trading volume of $15,000, in a three month period. The VIP account includes increased payout rates for some markets, extra training, free access to tournaments, an account manager, personal tutoring, support 24/7, a direct call from their specialists and unique offers.
Broker | Trading Platforms | Description |
---|---|---|
IQ Option Broker | Web Trader & Apps Trading Platforms | IQ Option offers a user friendly platform with a wide range of markets including fixed time trades, with payout rates up to 900%* and trade times down to 30 seconds Description |
Olymp Trade Broker | Web Trader & Apps Trading Platforms | Olymp Trade offers a user friendly platform with payout rates up to 92%* Description |
Platform and markets
Olymp Trade provides a trading platform for desktop and mobile trading apps.
IQ Option offers a trading platform available for desktop and mobile trading apps.
- Olymp Trade offers 80+ markets, covering Currency Pairs, Stocks, Commodities, Cryptocurrencies, ETFs and Indices.
- IQ Option offers 400+ markets, covering Currency Pairs, Stocks, Commodities, Cryptocurrencies, ETFs and Indices (this is range for all types of trading, All-or-Nothing and Digital formats have less markets to trade on).
Fastest trade time
The fastest trade time on Olymp Trade is 1 minute. The fastest trade time on IQ Option is around 30 seconds.
Why Olymp Trade or IQ Option ?
Traders who want to be able to trade with higher payout rates can consider IQ Option as it offers higher maximum payout rates on both of its formats compared with Olymp Trade, for successful trades. Traders who want to trade using leverage can find more markets on IQ Option's platform. Both brokers have the same minimum trade size and minimum deposit. Traders can thus trade with smaller account sizes at each, or larger if they wish.
Comparison Summary
- Each broker has the same minimum deposit ($10) and order size ($1)
- On its All-or-Nothing trade type, IQ Option has payout rates up to 100%
- On its Digital format, IQ Option offers payout rates up to 900%
- IQ Option has more markets for leveraged trading
- IQ Option allows a faster trade time (30s)