eToro vs Olymp Trade Comparison & Reviews

FeatureeToroOlymp Trade
Founded20072014
RegulationFCA (UK), CySEC (Cyprus), ASIC (Australia)International Financial Commission (IFC)
Minimum Deposit$200$10
Trading InstrumentsForex, Stocks, ETFs, Cryptocurrencies, Commodities, IndicesForex, Stocks, Commodities, Indices, Cryptocurrencies
Platform TypeWeb-based, Mobile App, Desktop AppWeb-based, Mobile App
User InterfaceSocial trading-focused, with a simple dashboard and advanced optionsUser-friendly interface, built for simplicity
Trading Style SupportDay trading, Copy Trading, Long-term investingFixed-time trades (FTT), Forex mode
Copy TradingYes, through the "CopyTrader" systemNo copy trading support
Leverage OptionsUp to 1:30 (retail), higher for professional tradersUp to 1:500 depending on account type
Order TypesMarket, Limit, Stop Loss, Take ProfitBasic order types for FTT and Forex
Demo AccountYes, $100,000 virtual fundsYes, $10,000 virtual funds
Deposit MethodsCredit/Debit Card, Bank Transfer, PayPal, Skrill, NetellerCredit/Debit Card, Bank Transfer, E-wallets (Skrill, Neteller)
Withdrawal Time1–5 business days1–3 business days
FeesNo commissions on stocks, spreads vary per asset, $5 withdrawal feeNo commissions on trades, spreads or fixed trade premiums
SpreadVariable (e.g., 1 pip for major forex pairs)Fixed and floating spreads
Overnight Fees (Swaps)Yes, for non-leveraged positions held overnightNo overnight fees for fixed-time trades
Mobile AppYes (iOS and Android)Yes (iOS and Android)
Social Trading FeaturesStrong social trading community, feed systemNo social trading features
Customer Support24/5 live chat, email, phone24/7 live chat, email
Account TiersBasic account for retail traders, eToro Club for premium users (Silver, Gold, Platinum)Standard, Advanced, and VIP accounts
SecurityTwo-factor authentication (2FA), regulatory complianceTwo-factor authentication, financial commission protection
Education ToolsExtensive: webinars, blogs, market insights, trading academyBasic: trading tips, webinars, and tutorials
AvailabilityAvailable in 100+ countries (excluding U.S. for stock trading)Available in 100+ countries, though restricted in some regions
Target AudienceTraders looking for long-term investing, social and copy tradingTraders looking for short-term strategies, FTT trading
Account CurrencyUSD (default), EUR, GBP, AUD (based on country)USD, EUR, other currencies (depends on user’s settings)
Fractional SharesYes, users can purchase fractions of sharesNo, trades are based on full contract sizes
Charting ToolsAdvanced: multiple indicators, candlestick patterns, drawing toolsBasic to moderate: candlesticks, line charts, technical indicators
Technical Indicators100+ indicators (RSI, MACD, Bollinger Bands, etc.)20+ indicators (RSI, Moving Averages, Stochastic Oscillator, etc.)
Market Sentiment ToolsYes, real-time sentiment from eToro's user tradesLimited sentiment analysis for major pairs
Social News FeedYes, with user interactions and real-time market updatesNo dedicated social feed available
Timeframe OptionsWide range (minutes to months for analysis)Focuses on short-term trades (from 1 minute to 4 hours)
Auto Trading/BotsNo external bots allowed; only CopyTrader systemNo bot or auto-trading support
Portfolio ManagementYes, fully customizable portfolio with performance trackingLimited to individual trade management
VIP Membership BenefitsYes, includes dedicated account managers, priority withdrawals, and access to exclusive market insightsVIP level includes higher payouts, faster withdrawals, and webinars
Risk Management ToolsYes, Stop Loss, Take Profit, Trailing Stop, negative balance protectionYes, with stop-out levels and minimum trade control
Custom Trade AlertsYes, via mobile and desktop notifications for price changesBasic notifications for major price events
Multi-Asset PortfoliosYes, thematic portfolios with exposure to multiple asset categoriesNo, single asset-based contracts
Profit Sharing ModelNo, traders copy others' trades for free (fees only apply to spreads)No copy or profit-sharing feature available
Margin TradingAvailable with varying leverage, depending on account and regulationYes, with leverage up to 1:500 on forex
Trade Duration FlexibilityUnlimited for stocks and crypto, configurable for forex and CFDsStrict time limits for fixed-time trades
Web Trading ExperienceCustomizable workspace with advanced toolsPre-built interface with fixed toolset
Bonus ProgramsNone (compliant with regulations)Bonuses for deposit amounts (depending on promotions)
Withdrawal LimitsNo specific limit, but large withdrawals may require verificationNo specific limit, although identity verification applies
Security of FundsSegregated client funds, insured under regulated bodiesClient fund protection under IFC (up to $20,000 insurance coverage for disputes)
Public Performance DataYes, for copied traders (their performance history is visible)No public performance tracking for users
Fees TransparencyClear fee breakdown provided in the appGenerally transparent, but fixed-time trades have hidden costs (due to premium adjustments)
Supported Countries100+ 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 VerificationMandatory: government ID, proof of address, and sometimes financial assessmentMandatory: government ID and proof of address
Regulation LevelHeavily regulated by multiple tier-1 authoritiesLight to moderate regulation (IFC oversight)
Transaction FeesNo deposit fees, $5 withdrawal fee, and inactivity fee after 12 monthsNo deposit or withdrawal fees (only payment provider fees may apply)
Deposit SpeedInstant with credit/debit cards and e-wallets; 1-3 days via bank transferInstant for e-wallets and cards; 1-2 days for bank transfers
Withdrawal Speed1-5 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 tradersYes, users can opt for swap-free settings in some regions
Asset Types for CryptoBitcoin, Ethereum, Dogecoin, Ripple, and 70+ crypto assetsLimited: Bitcoin, Ethereum, Litecoin, Ripple, and a few others
Cross-Platform IntegrationSeamless sync between mobile, desktop, and web versionsSeamless sync between mobile and web versions
Trade Simulator CustomizationDemo account funds can be replenished manually up to $100,000Demo account comes with $10,000 that can be reset if funds are depleted
Account Closure PolicyUsers can request account closure easily via the app; remaining funds are refundedAccount closure upon request, but processing times can vary
Promotional EventsNo bonuses or promotions due to strict regulationsOffers frequent promotional bonuses and limited-time contests
Contests and TournamentsNo trading tournaments offeredRegular trading tournaments for users to compete and win prizes
Profit Payout RatesN/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 BeginnersLower risk with Stop Loss, Take Profit, and copy trading featuresHigher risk due to fixed-time trades and high leverage options
Advanced Trade FeaturesCFD options with trailing stops, guaranteed stops for premium accountsNo trailing stops, but offers early trade closure options for certain trades
Geopolitical Sentiment AnalysisYes, built-in feeds that analyze market sentiment based on newsNo dedicated geopolitical analysis tools
API Trading SupportNo support for APIs; trades are made manually or via copy tradingNo API trading or automated systems allowed
Market Hours24/5 for forex and CFDs, 24/7 for cryptocurrency24/7 for crypto and fixed-time trades, 24/5 for forex and stock-related trades
Chart Time Intervals1 second to 1 month (highly customizable)15 seconds to 1 day (limited options)
Trade Execution Speed10ms to 50ms (depending on market conditions)Fast, typically under 10ms for fixed-time trades
News IntegrationYes, integrates major financial news updates directly into the platformNo direct news feeds, but users can access economic calendars
Economic CalendarYes, built-in economic calendar with detailed filters and alertsYes, economic calendar provided in the platform
Mobile App Unique FeaturesCopyTrader, price alert notifications, seamless switch between demo and live accountsQuick trade options, price alerts, and limited customization
Account Lock OptionsYes, accounts can be locked or paused temporarily for security reasonsYes, accounts can be paused or locked temporarily via customer support
Order Execution ModeMarket orders, limit orders, and instant execution for stocks and CFDsInstant order execution for FTT, market execution for forex
Fixed Payout MultiplierNot applicable, since trades are based on market performanceYes, payouts for FTT are predetermined by asset and expiry time
Customizable WatchlistsYes, multiple watchlists with personalized filters and groupingYes, simple watchlists with favorites marked for quick access
Customer Support Language Options20+ languages available for global users10+ languages available, focused on global regions
Language CustomizationAvailable on all platformsLimited to primary supported languages
AI or Robo AdvisoryNo AI-based advisory system; human-driven analysis and copy tradingNo AI or robo-advisory tools available
Account Funding SecurityFully secured with SSL encryption, tier-1 financial complianceSecured with encryption, but less regulated than top-tier brokers
Trader Education ResourcesFull courses, blogs, webinars, and community discussionsBasic tutorials, video guides, and tips for FTT strategies
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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.