Comparison of Binomo and Olymp Trade
| Feature | Binomo | Olymp Trade |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2014 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Instant | Instant |
| Regulation | SVGFSA | VFSC |
| Platforms | Binomo | Olymp Trade |
| Spread | - N/A | ⬈ High |
| Maximum Leverage | 1:1 | 1:500 |
| Minimum Deposit | $10 | $10 |
| Base Currencies | USD, EUR | USD, EUR, USDT |
| Funding Methods | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) | Visa/MasterCard, Maestro, UnionPay, Bank Wire, Neteller, Skrill, WebMoney, Perfect Money, Volet.com, Binance Pay, Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), Solana (SOL), Polygon (MATIC), Dai (DAI), Binance Coin (BNB), TRON (TRX), USD Coin (USDC), XRP (XRP) |
| Inactivity Fee | $30 per month after 30 days of inactivity | $10 per month after 3 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence | ✖ |
| Investor Protection | FinancialCommission.org | FinancialCommission.org |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✖ | ✔ |
| EAs/Robots | ✖ | ✖ |
| Depth of Market (DOM) | ✖ | ✖ |
| Tradable Assets (CFDs) | Currencies, Commodities, Indices, Stocks, Cryptocurrencies | Currencies, Stocks, Cryptocurrencies, Metals, Energies, Indices, ETFs, OTC, Composite |
| Review | Binomo Review | Olymp Trade Review |
About Binomo
Binomo is a binary options trading platform founded in 2014 that targets beginners with a very low $10 minimum deposit and $1 trade size. The broker is a Category A member of the International Financial Commission, giving clients access to a €20 000 compensation fund in case of disputes. Three live account tiers (Standard, Gold, VIP) unlock higher payouts-up to 90% - and faster withdrawals. While Binomo’s proprietary web and mobile apps are easy to use and offer weekend trading, the company is not regulated by top-tier financial authorities and is unavailable to traders in the EU and several other jurisdictions.
Pros
- Low $10 minimum deposit and $1 trade size
- Up to 90% payouts on VIP tier
- Fast proprietary web & mobile platform
- Free demo account with $10000 virtual funds
- Member of the International Financial Commission with €20000 compensation fund
- Multilingual interface and local payment options
Cons
- Not regulated by major authorities such as FCA or ASIC
- Limited number of underlying assets versus CFD/forex brokers
- No MetaTrader or third-party platforms available
- Education materials are basic compared to top forex brokers
About Olymp Trade
Olymp Trade is a multi-asset broker founded in 2014 and best known for its low $10 entry threshold, proprietary all-in-one platform and dual modes: Fixed-Time Trades (FTT) and Forex. The broker is a Category A member of the International Financial Commission, giving clients access to a €20 000 compensation fund in case of disputes. Although not overseen by top-tier regulators, Olymp Trade attracts beginners with an unlimited demo, negative-balance protection and more than 100 instruments across seven markets. At the same time, higher trading costs on Forex contracts and geo-restrictions for US, UK and most EU residents limit its appeal to seasoned professionals.
Pros
- Ultra-low $10 minimum deposit and $1 trade size
- Proprietary web, desktop and mobile platform with intuitive UI
- Membership of the Financial Commission with €20 000 compensation
- Unlimited, refillable demo account
- Over 100 instruments across 7 asset classes
- Negative balance protection and fast withdrawals
Cons
- No MT4/MT5 or cTrader support
- Not regulated by FCA, ASIC or CySEC
- Forex mode charges commission on each trade
Binomo & Olymp Trade Regulation
| Feature | Binomo | Olymp Trade |
|---|---|---|
Companies | Dolphin Corp LLC, Pollack Trade LTD | Aollikus Limited, Visepoint Limited, Martique Limited |
Countries | St. Vincent & the Grenadines | Vanuatu, Malta, Cyprus |
Regulators | SVGFSA | VFSC |
Investor Protection | FinancialCommission.org | FinancialCommission.org |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Binomo | Olymp Trade |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Forex |
| Min Deposit | — | $10 |
| Lot Size | — | 0.01 |
| Spread Type | — | Fixed |
| Execution | — | Instant |
| Min Spread | — | 2 |
| Fee | — | $8 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 100% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | FTT | Fixed Time |
| Minimum Deposit | $10 | $10 |
| Option Types | FTT (Fixed Time Trade), 5-Second Trades (5ST) | Call/Put (FTT), Quickler |
| Minimum Stake | $1 | $1 |
| Payout | from 40% to 90% | from 10% to 93% |
| Expiration Time | from 5 seconds to 1 hour | from 5 seconds to 23 hours |
Funding and Fees
| Feature | Binomo | Olymp Trade |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, USDT |
Deposit and withdrawal methods | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) | Visa/MasterCard, Maestro, UnionPay, Bank Wire, Neteller, Skrill, WebMoney, Perfect Money, Volet.com, Binance Pay, Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), Solana (SOL), Polygon (MATIC), Dai (DAI), Binance Coin (BNB), TRON (TRX), USD Coin (USDC), XRP (XRP) |
Inactivity fee | $30 per month after 30 days of inactivity | $10 per month after 3 months |
Interest on margin | ||
Withdrawal fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence |
Trading Platforms and Conditions
| Feature | Binomo | Olymp Trade |
|---|---|---|
Trading Platforms | Binomo | Olymp Trade |
Execution Speed | 50 ms | 80 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | N/A | high |
Trading Assets
| Asset | Binomo | Olymp Trade |
|---|---|---|
Currencies | 28 | 28 |
Indices | 5 | 11 |
Stocks | 28 | 33 |
Cryptocurrencies | 6 | 19 |
Bonds | 0 | 0 |
Metals | 2 | 2 |
Energies | 1 | 1 |
Soft Commodities | 0 | 0 |
ETFs | 0 | 6 |
Education and Analytics
| Feature | Binomo | Olymp Trade |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
Which Broker is Better?
After comparing Binomo and Olymp Trade, Olymp Trade comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.