Feature | eToro | Olymp Trade |
---|---|---|
Founded | 2007 | 2014 |
Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia) | International Financial Commission (IFC) |
Minimum Deposit | $200 | $10 |
Trading Instruments | Forex, Stocks, ETFs, Cryptocurrencies, Commodities, Indices | Forex, Stocks, Commodities, Indices, Cryptocurrencies |
Platform Type | Web-based, Mobile App, Desktop App | Web-based, Mobile App |
User Interface | Social trading-focused, with a simple dashboard and advanced options | User-friendly interface, built for simplicity |
Trading Style Support | Day trading, Copy Trading, Long-term investing | Fixed-time trades (FTT), Forex mode |
Copy Trading | Yes, through the "CopyTrader" system | No copy trading support |
Leverage Options | Up to 1:30 (retail), higher for professional traders | Up to 1:500 depending on account type |
Order Types | Market, Limit, Stop Loss, Take Profit | Basic order types for FTT and Forex |
Demo Account | Yes, $100,000 virtual funds | Yes, $10,000 virtual funds |
Deposit Methods | Credit/Debit Card, Bank Transfer, PayPal, Skrill, Neteller | Credit/Debit Card, Bank Transfer, E-wallets (Skrill, Neteller) |
Withdrawal Time | 1–5 business days | 1–3 business days |
Fees | No commissions on stocks, spreads vary per asset, $5 withdrawal fee | No commissions on trades, spreads or fixed trade premiums |
Spread | Variable (e.g., 1 pip for major forex pairs) | Fixed and floating spreads |
Overnight Fees (Swaps) | Yes, for non-leveraged positions held overnight | No overnight fees for fixed-time trades |
Mobile App | Yes (iOS and Android) | Yes (iOS and Android) |
Social Trading Features | Strong social trading community, feed system | No social trading features |
Customer Support | 24/5 live chat, email, phone | 24/7 live chat, email |
Account Tiers | Basic account for retail traders, eToro Club for premium users (Silver, Gold, Platinum) | Standard, Advanced, and VIP accounts |
Security | Two-factor authentication (2FA), regulatory compliance | Two-factor authentication, financial commission protection |
Education Tools | Extensive: webinars, blogs, market insights, trading academy | Basic: trading tips, webinars, and tutorials |
Availability | Available in 100+ countries (excluding U.S. for stock trading) | Available in 100+ countries, though restricted in some regions |
Target Audience | Traders looking for long-term investing, social and copy trading | Traders looking for short-term strategies, FTT trading |
Account Currency | USD (default), EUR, GBP, AUD (based on country) | USD, EUR, other currencies (depends on user’s settings) |
Fractional Shares | Yes, users can purchase fractions of shares | No, trades are based on full contract sizes |
Charting Tools | Advanced: multiple indicators, candlestick patterns, drawing tools | Basic to moderate: candlesticks, line charts, technical indicators |
Technical Indicators | 100+ indicators (RSI, MACD, Bollinger Bands, etc.) | 20+ indicators (RSI, Moving Averages, Stochastic Oscillator, etc.) |
Market Sentiment Tools | Yes, real-time sentiment from eToro's user trades | Limited sentiment analysis for major pairs |
Social News Feed | Yes, with user interactions and real-time market updates | No dedicated social feed available |
Timeframe Options | Wide range (minutes to months for analysis) | Focuses on short-term trades (from 1 minute to 4 hours) |
Auto Trading/Bots | No external bots allowed; only CopyTrader system | No bot or auto-trading support |
Portfolio Management | Yes, fully customizable portfolio with performance tracking | Limited to individual trade management |
VIP Membership Benefits | Yes, includes dedicated account managers, priority withdrawals, and access to exclusive market insights | VIP level includes higher payouts, faster withdrawals, and webinars |
Risk Management Tools | Yes, Stop Loss, Take Profit, Trailing Stop, negative balance protection | Yes, with stop-out levels and minimum trade control |
Custom Trade Alerts | Yes, via mobile and desktop notifications for price changes | Basic notifications for major price events |
Multi-Asset Portfolios | Yes, thematic portfolios with exposure to multiple asset categories | No, single asset-based contracts |
Profit Sharing Model | No, traders copy others' trades for free (fees only apply to spreads) | No copy or profit-sharing feature available |
Margin Trading | Available with varying leverage, depending on account and regulation | Yes, with leverage up to 1:500 on forex |
Trade Duration Flexibility | Unlimited for stocks and crypto, configurable for forex and CFDs | Strict time limits for fixed-time trades |
Web Trading Experience | Customizable workspace with advanced tools | Pre-built interface with fixed toolset |
Bonus Programs | None (compliant with regulations) | Bonuses for deposit amounts (depending on promotions) |
Withdrawal Limits | No specific limit, but large withdrawals may require verification | No specific limit, although identity verification applies |
Security of Funds | Segregated client funds, insured under regulated bodies | Client fund protection under IFC (up to $20,000 insurance coverage for disputes) |
Public Performance Data | Yes, for copied traders (their performance history is visible) | No public performance tracking for users |
Fees Transparency | Clear fee breakdown provided in the app | Generally transparent, but fixed-time trades have hidden costs (due to premium adjustments) |
Supported Countries | 100+ countries, but restricted in the U.S., Canada, Japan, etc. | Available in 100+ countries, restricted in the U.S., Europe, and a few regions |
Account Verification | Mandatory: government ID, proof of address, and sometimes financial assessment | Mandatory: government ID and proof of address |
Regulation Level | Heavily regulated by multiple tier-1 authorities | Light to moderate regulation (IFC oversight) |
Transaction Fees | No deposit fees, $5 withdrawal fee, and inactivity fee after 12 months | No deposit or withdrawal fees (only payment provider fees may apply) |
Deposit Speed | Instant with credit/debit cards and e-wallets; 1-3 days via bank transfer | Instant for e-wallets and cards; 1-2 days for bank transfers |
Withdrawal Speed | 1-5 business days (depending on method) | Typically within 24 hours for VIP users, 1-3 business days for standard users |
Swap-Free (Islamic Accounts) | Yes, offers swap-free accounts for Islamic traders | Yes, users can opt for swap-free settings in some regions |
Asset Types for Crypto | Bitcoin, Ethereum, Dogecoin, Ripple, and 70+ crypto assets | Limited: Bitcoin, Ethereum, Litecoin, Ripple, and a few others |
Cross-Platform Integration | Seamless sync between mobile, desktop, and web versions | Seamless sync between mobile and web versions |
Trade Simulator Customization | Demo account funds can be replenished manually up to $100,000 | Demo account comes with $10,000 that can be reset if funds are depleted |
Account Closure Policy | Users can request account closure easily via the app; remaining funds are refunded | Account closure upon request, but processing times can vary |
Promotional Events | No bonuses or promotions due to strict regulations | Offers frequent promotional bonuses and limited-time contests |
Contests and Tournaments | No trading tournaments offered | Regular trading tournaments for users to compete and win prizes |
Profit Payout Rates | N/A for traditional trading (profits depend on market movements) | Fixed percentage payout for successful fixed-time trades (up to 90% for VIP accounts) |
Risk Levels for Beginners | Lower risk with Stop Loss, Take Profit, and copy trading features | Higher risk due to fixed-time trades and high leverage options |
Advanced Trade Features | CFD options with trailing stops, guaranteed stops for premium accounts | No trailing stops, but offers early trade closure options for certain trades |
Geopolitical Sentiment Analysis | Yes, built-in feeds that analyze market sentiment based on news | No dedicated geopolitical analysis tools |
API Trading Support | No support for APIs; trades are made manually or via copy trading | No API trading or automated systems allowed |
Market Hours | 24/5 for forex and CFDs, 24/7 for cryptocurrency | 24/7 for crypto and fixed-time trades, 24/5 for forex and stock-related trades |
Chart Time Intervals | 1 second to 1 month (highly customizable) | 15 seconds to 1 day (limited options) |
Trade Execution Speed | 10ms to 50ms (depending on market conditions) | Fast, typically under 10ms for fixed-time trades |
News Integration | Yes, integrates major financial news updates directly into the platform | No direct news feeds, but users can access economic calendars |
Economic Calendar | Yes, built-in economic calendar with detailed filters and alerts | Yes, economic calendar provided in the platform |
Mobile App Unique Features | CopyTrader, price alert notifications, seamless switch between demo and live accounts | Quick trade options, price alerts, and limited customization |
Account Lock Options | Yes, accounts can be locked or paused temporarily for security reasons | Yes, accounts can be paused or locked temporarily via customer support |
Order Execution Mode | Market orders, limit orders, and instant execution for stocks and CFDs | Instant order execution for FTT, market execution for forex |
Fixed Payout Multiplier | Not applicable, since trades are based on market performance | Yes, payouts for FTT are predetermined by asset and expiry time |
Customizable Watchlists | Yes, multiple watchlists with personalized filters and grouping | Yes, simple watchlists with favorites marked for quick access |
Customer Support Language Options | 20+ languages available for global users | 10+ languages available, focused on global regions |
Language Customization | Available on all platforms | Limited to primary supported languages |
AI or Robo Advisory | No AI-based advisory system; human-driven analysis and copy trading | No AI or robo-advisory tools available |
Account Funding Security | Fully secured with SSL encryption, tier-1 financial compliance | Secured with encryption, but less regulated than top-tier brokers |
Trader Education Resources | Full courses, blogs, webinars, and community discussions | Basic tutorials, video guides, and tips for FTT strategies |
eToro is ideal for long-term investments, copy trading, and multi-asset portfolios, while Olymp Trade excels in short-term trading with fixed-time contracts and lower entry costs.