Quotex vs OlympTrade

Founded in 2019, Quotex is a broker offering over 100 assets like forex, stocks, indices, commodities, and cryptocurrencies. The platform focuses on ease of use, with short-term contracts from 5 seconds to 4 hours and payouts up to 98%.

Quotex remains a leading firm with short-term binary options on over 400 assets and payouts up to 98%. The company offers a web platform with a user-friendly design, various charting styles, many indicators, and daily trading signals.

Forex Trading
Trade binary options on over 40 currency pairs, including major, minor, and exotic ones. While the selection is smaller than some competitors, payouts can exceed 80% on the EUR/USD.

Crypto Trading
Quotex offers binary options trading on a limited selection of major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It excels in crypto payouts, achieving up to 94% on Bitcoin during peak sessions. The platform is also user-friendly for beginner crypto binary traders.

Founded in 2014, Olymptrade has over 89 million traders. It operates in more than 130 countries and supports 13 languages. The platform is stable and offers appealing incentives for new traders. Olymp Trade provides fixed time trades (FTT) across various markets and is licensed offshore by the VFSC.

Olymp Trade provides fixed time trades (FTT) on various markets, including OTC currencies and composite indices. FTT commissions range from 5%-10%, and trades can be as short as 5 seconds. Payouts can reach up to 93% with a $2000 deposit for 'Expert' status.

CFD Trading
You can trade a limited selection of CFDs, including forex, indices, commodities, cryptos, and ETFs. Although prices are not the most competitive, the CFD platform is a good choice for beginners seeking simplicity, with a minimum start amount of $10.

Forex Trading
Olymp Trade provides about 30 currency pairs, which is the industry average. During tests, the spreads for EUR/USD were 1.1 pips, which is less competitive than leading brands like AvaTrade at 0.9 pips. However, experienced traders can access multipliers up to x500 on major pairs.

Crypto Trading
Olymp Trade provides major cryptocurrencies like Bitcoin and Ethereum. The Basic Altcoin Index is a valuable option, offering wider market exposure for those who prefer not to invest in a single cryptocurrency.