Trading is your profession, and you are looking for a good trading platform. I recommend both Olymp Trade and IQ Options to you if you want a reliable broker. The Olympia Trade is one of only a few online options brokers that can be considered a real competitor to the IQ Option platform. A lot of new traders are unsure which platform to choose. A guarantee for Olympia Trade is provided by The Financial Commission (FinCom). There are the following differences between IQ options vs Olymp Trade.

Regulations

It is an independent regulator based in Russia that is regulated by the Financial Commission. Cyprus Securities and Exchange Commission (CySEC) is in charge of regulating IQ Option. The broker’s activities must be in compliance with the financial laws enforced by both IQ option vs Olymp trade regulators. Additionally, they resolve disputes arising from broker malpractice.

The different types of assets

In addition to stocks and indices, cryptocurrencies, commodities, and options, Olympia Trade also offers foreign exchange and forex. The platform offers approximately 80 financial products. In comparison, IQ Option offers a much larger variety of products. Commodities, indices, forex, options, ETFs, and CFDs are part of this group.

Trade returns 

In accordance with the asset, volatility and type of account, Olympic Trade’s returns range from 82% to 90%. As opposed to IQ Option, which offers returns of 65%-95%. Returns are also affected by the trader’s account type, volatility, and asset.

Availability

In addition to the Olymp Trade and IQ Option web browsers, both companies have desktop apps (Windows and macOS) and mobile apps (Android and iOS).

Assistance

A friendly and knowledgeable support team is available for either IQ option or Olymp trade platforms. Emails, chats, and phone calls can be used to contact them. Facebook and other social media platforms can also be used to reach them.

Added features

Optimum Trade offers two trading interfaces: an option-based interface and a forex-based interface. It is very easy for beginners to use the trading interfaces because they are intuitively constructed. Deposit bonuses are also available at this broker.

There is also a user-friendly trading interface with IQ Option. Users can navigate the interface with ease and there are more than a dozen technical indicators available. Additionally, this broker offers customized features such as chats and support so that traders can interact with each other. Trades can also compete for cash in tournaments offered by IQ Option.

Summary

Investing in options is a good idea on both platforms. Getting started with just $10 is easy thanks to their minimum deposit. Options traders can earn a higher return with IQ Option’s more and better features.