Comparison of Olymp Trade and Quotex
| Feature | Olymp Trade | Quotex |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2019 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Instant | Instant |
| Regulation | VFSC | IFC |
| Platforms | Olymp Trade | Quadcode |
| Spread | ⬈ High | - N/A |
| Maximum Leverage | 1:500 | 1:1 |
| Minimum Deposit | $10 | $10 |
| Base Currencies | USD, EUR, USDT | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, EGP, MXN, JPY, BDT, PKR, PHP, TRY, KRW |
| Funding Methods | 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) | Visa, Mastercard, Perfect Money, YooMoney, FKWallet, 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) |
| Inactivity Fee | $10 per month after 3 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | FinancialCommission.org | - |
| Protection Size | €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, Stocks, Cryptocurrencies, Metals, Energies, Indices, ETFs, OTC, Composite | Currencies, Commodities, Indices, Stocks |
| Review | Olymp Trade Review | Quotex Review |
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
About Quotex
Quotex is an offshore digital options platform launched in 2019. The broker attracts traders with a low entry threshold (deposits from just $10 and trades from $1), high potential returns of up to 98% and a convenient proprietary web platform with 24/7 support. There are more than 50 assets to choose from: currency pairs, commodities, stocks and indices. At the same time, Quotex is not regulated by reputable financial authorities: the company is registered in St Kitts & Nevis, and the IFMRRC certificate is no longer valid, so investor protection is limited. Despite this, the broker remains popular thanks to instant deposits and withdrawals without commissions, generous deposit bonuses and regular tournaments with a prize pool.
Pros
- Minimum deposit $10 and trades from $1
- High payouts - up to 98% on VIP account
- Own convenient web platform and Android application
- Fast withdrawal without commissions
- Bonuses and tournaments
Cons
- No license from top regulators, investor protection is limited
- Only binary options are available, no classic Forex/CFD
- Max. transaction volume is limited to $1000
- Poor training materials and analytics
Olymp Trade & Quotex Regulation
| Feature | Olymp Trade | Quotex |
|---|---|---|
Companies | Aollikus Limited, Visepoint Limited, Martique Limited | ON SPOT LLC GROUP |
Countries | Vanuatu, Malta, Cyprus | Saint Kitts and Nevis |
Regulators | VFSC | IFC |
Investor Protection | FinancialCommission.org | - |
Investor Protection Size | €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Olymp Trade | Quotex |
|---|---|---|
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 | Fixed Time | Standard |
| Minimum Deposit | $10 | $10 |
| Option Types | Call/Put (FTT), Quickler | High/Low, Turbo |
| Minimum Stake | $1 | $1 |
| Payout | from 10% to 93% | from 20% to 92% |
| Expiration Time | from 5 seconds to 23 hours | from 60 seconds to 4 hours |
Funding and Fees
| Feature | Olymp Trade | Quotex |
|---|---|---|
Base currencies | USD, EUR, USDT | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, EGP, MXN, JPY, BDT, PKR, PHP, TRY, KRW |
Deposit and withdrawal methods | 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) | Visa, Mastercard, Perfect Money, YooMoney, FKWallet, 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) |
Inactivity fee | $10 per month after 3 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Olymp Trade | Quotex |
|---|---|---|
Trading Platforms | Olymp Trade | Quadcode |
Execution Speed | 80 ms | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | N/A |
Trading Assets
| Asset | Olymp Trade | Quotex |
|---|---|---|
Currencies | 28 | 24 |
Indices | 11 | 13 |
Stocks | 33 | 8 |
Cryptocurrencies | 19 | 0 |
Bonds | 0 | 0 |
Metals | 2 | 4 |
Energies | 1 | 2 |
Soft Commodities | 0 | 0 |
ETFs | 6 | 0 |
Education and Analytics
| Feature | Olymp Trade | Quotex |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Contests
| Feature | Olymp Trade | Quotex |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List | — |
|
- Quotex tournamentsStart Balance: $100 · Prize Pool: $5000 · Period: DailyLearn More
Customer Support
Which Broker is Better?
After comparing Olymp Trade and Quotex, 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.
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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.