Feature | Exness | Olymp Trade |
|---|---|---|
Company | Exness Group | Olymp Trade |
Founded | 2008 | 2014 |
Regulation | FCA, CySEC, FSCA, FSC | International Financial Commission (FinaCom) |
Account Types | Standard, Standard Cent, Pro, Zero, Raw Spread | Standard, VIP |
Minimum Deposit | $10 for Standard accounts | $10 for Standard, $2000 for VIP |
Demo Account | Yes, with unlimited virtual funds | Yes, with $10,000 in virtual funds |
Trading Instruments | Forex, metals, cryptocurrencies, energies, indices, stocks | Forex, stocks, indices, cryptocurrencies, commodities |
Leverage | Up to 1:2000 (or higher in some regions) | Fixed at 1:500 for Forex |
Spread Type | Floating spread, as low as 0.0 pips on Raw Spread accounts | Fixed and floating spread options |
Commission | Only on certain accounts (e.g., Raw Spread account) | No commission on most trades, but options trading has set percentages |
Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Trader app | Olymp Trade Platform (web-based and mobile app) |
Web-Based Platform | Yes, through WebTerminal and Exness Trader | Yes, primary platform is web-based |
Mobile App | Yes, available for both iOS and Android | Yes, available for both iOS and Android |
Order Types | Market order, limit order, stop order, trailing stop | Fixed options with time durations, Forex orders |
Market Hours | 24/7 trading for cryptocurrencies, other assets follow market hours | 24/7 trading with limitations based on asset |
Trading Features | Real-time data, risk management tools, automated trading (MT4/MT5) | Fixed time trading, risk-free trades (VIP), social trading |
Education & Analysis | Webinars, articles, market news, analysis tools | Tutorials, webinars, blog, economic calendar |
Deposit Methods | Bank transfer, credit card, e-wallets (e.g., Skrill, Neteller), crypto | Bank transfer, credit card, e-wallets (Skrill, Neteller), crypto |
Withdrawal Methods | Bank transfer, credit card, e-wallets, crypto | Bank transfer, credit card, e-wallets |
Withdrawal Processing | Instant to several hours depending on the method | Up to 24 hours for VIP, 3-5 business days for Standard |
Customer Support | 24/7 live chat, email, phone support in multiple languages | 24/7 live chat, email, phone, available in multiple languages |
Available Regions | Over 100 countries, restricted in the U.S. | Available in many regions, restricted in the U.S., EU, and some others |
Bonuses & Promotions | Occasionally offers bonuses and promotions | Occasionally offers bonuses, especially for VIPs |
Social Trading | Not available directly, but compatible with copy trading platforms | Limited, mainly for VIP users |
Security Features | SSL encryption, account verification, segregated accounts | SSL encryption, account verification, membership with FinaCom |
Islamic Accounts | Yes, swap-free accounts for Islamic traders | Yes, swap-free option available |
Best Suited For | Experienced traders who want access to advanced tools and high leverage | Beginner to intermediate traders interested in fixed-time and Forex trading |
Scalping | Allowed on all account types | Allowed on Forex trades |
Hedging | Allowed on all account types | Allowed, but with some limitations |
Algorithmic Trading | Available with MT4 and MT5 via Expert Advisors | Not supported for automated trading |
Swap-Free Option | Available for Islamic accounts on request | Available on request |
Account Currency Options | USD, EUR, GBP, and other local currencies, plus cryptocurrencies | USD, EUR |
Negative Balance Protection | Available on all accounts | Available |
Order Execution Speed | Ultra-fast execution, typically < 0.1 seconds | Fast, average 1-second execution |
Market News Feed | Integrated news feed and economic calendar on the platform | Economic calendar, no direct news feed |
VIP Account Benefits | No VIP account, but Pro and Zero accounts offer advanced features | Access to exclusive strategies, risk-free trades, personal manager |
Account Verification | Requires ID and address verification, generally fast processing | Requires ID verification, typically fast for standard accounts |
Advanced Charting Tools | Available on MT4 and MT5 (customizable indicators, templates, alerts) | Limited charting options on proprietary platform |
Trade Sizes | Minimum trade size 0.01 lots for standard accounts | Minimum trade size starts at $1 for standard accounts |
Stop Loss / Take Profit | Available for all accounts, customizable in MT4/MT5 | Available on Forex trading, fixed time trades use fixed durations |
Risk Management Tools | Stop Loss, Take Profit, Trailing Stop, Margin Call Alerts | Stop Loss and Take Profit for Forex only |
Copy Trading | Not directly available, though compatible with third-party copy trading platforms | Limited, mainly for VIP users |
Custom Indicators | Available on MT4/MT5, custom indicators can be installed | Not available |
Withdrawal Fees | Generally free, but may vary by payment method and region | Free, but conversion fees may apply depending on currency |
Deposit Bonuses | Occasionally offered, primarily to new users | Occasional promotions, more frequent for VIP users |
Platform Compatibility | Compatible with Windows, macOS, iOS, Android | Web-based, compatible with most browsers and mobile apps |
Trading Competitions | None directly from Exness, but participates in some third-party events | Regular competitions and tournaments for VIP accounts |
Personalized Support | Available for all users, no dedicated manager | VIP accounts receive a personal account manager |
Market Depth | Available on MT5 accounts, shows detailed market order book | Not available |
Server Locations | Multiple global locations for low latency | Limited server locations due to centralized web-based platform |
Guaranteed Stop-Loss | Not available, standard stop-loss mechanisms are used | Not guaranteed |
Asset Diversification | High, includes wide range of global assets and cryptocurrencies | Moderate, focused mainly on popular Forex pairs and indices |
Educational Courses | Structured courses, video tutorials, and articles | Basic tutorials, videos, webinars |
Real-Time Price Alerts | Available through MT4/MT5 and Exness app, customizable price notifications | Limited to Forex assets, basic alert options |
Social Media Integration | None, does not share trading on social platforms | Limited sharing for promotional purposes on social media |
One-Click Trading | Yes, integrated into MT4/MT5 and Exness platforms | Yes, available on both web and mobile platforms |
Order History & Reports | Detailed trade history, downloadable account statements | Trade history available, but limited in-depth reporting options |
Advanced Technical Analysis | Yes, supports multiple third-party indicators on MT4/MT5 | Basic technical analysis tools, limited to preset indicators |
Risk-Free Trading Mode | Not available | Available for VIP accounts, a percentage of trades are "risk-free" |
Account Tiers | Standard and professional tiers with specific features | Standard and VIP accounts |
Multi-Language Support | Extensive, over 15 languages supported in customer service | Available in over 10 languages, region-dependent |
Integrated Signals | Yes, signals integrated with MetaTrader platforms | Yes, trading signals provided for VIP accounts |
Withdrawal Limits | No minimum withdrawal amount, but high withdrawals may require verification | Limits vary by account type; VIP withdrawals are prioritized |
Profit Payouts | Instant for most e-wallets, bank delays depending on region | Usually processed within 24 hours, faster for VIP accounts |
Customer Loyalty Programs | Occasional reward programs for frequent traders | VIP program with regular bonuses, risk-free trades |
Broker Transparency | Transparent about pricing, spreads, and commissions | Transparent, but some fees apply on options-based trading |
Crypto Wallet Support | Available, accepts major cryptocurrencies like Bitcoin, Ethereum | Available, but limited to select cryptocurrencies |
Time Zone Adaptability | Yes, MT4/MT5 adjusts based on trader’s time zone | Not directly available; fixed-time trade expiration |
Market Sentiment Indicators | Sentiment indicators available on MT4/MT5 | Available, primarily for Forex and stock assets |
Risk Level Indicators | Margin call alerts and risk monitoring integrated | Limited, mainly relies on user-defined stop-loss settings |
Fund Segregation | Yes, segregates client funds for added security | Limited, operates with FinaCom's insurance on user funds |
API Access | Available, allows for integration of custom trading systems | Not available |
Data Encryption | Advanced SSL encryption for all transactions | Basic SSL encryption |
Third-Party Tool Integration | Yes, allows plugins on MT4/MT5 for enhanced trading experience | Not available |
Account Inactivity Fees | No inactivity fees | No inactivity fees |
Trading Rewards | Occasional trading incentives and bonuses | Rewards and cashback for VIPs |
VIP Perks | No exclusive VIP perks, though high-volume traders enjoy lower spreads | Personal account manager, higher profit payouts, exclusive strategies |
User Reviews & Feedback | Generally high, praised for advanced features and reliable withdrawals | Generally positive, praised for simplicity and ease of use |
Analytics & Reports | Detailed reports through MT4/MT5 | Basic analytics, limited compared to MetaTrader platforms |
Profit-Sharing Options | No profit-sharing plans | Limited, only available for specific competitions |
Real-Time Economic Calendar | Available and synced on MT4/MT5 for market events | Available but not integrated into the platform |
Platform Customization | High, MT4/MT5 support custom indicators and layouts | Limited, mostly basic customization options |
Exness offers a highly customizable and advanced trading experience ideal for experienced traders, while Olymp Trade provides a simplified platform suited for beginners and intermediate traders with intuitive options trading features.