InvestorQ : What is the opinion about options trade(Olymptrade,iq options)?
Irshad made post

What is the opinion about options trade(Olymptrade,iq options)?

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Anusha Savla answered.
1 year ago
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Both are good platforms for trading in options. Here is a quick comparison between Olymptrade and IQ options.
IQ Option is a Seychelles-based binary options broker. It boasts of over 25 million subscribers. IQ Option is one of the most popular binary options brokers. Olymptrade is a Cyprus-based binary options broker, with headquarters in Seychelles and a strong operating base in Russia. Olymptrade has around 20,000 active clients but these are not verified numbers.

IQ options offer a demo account, real account, or premium account. The demo account is meant to give beginners a head start. The real account requires a minimum deposit of $10 while the premium account requires a minimum m deposit of $3000. On the other hand, Olymptrade offers two types of accounts; Standard account with a minimum deposit of $10, and VIP account with a minimum deposit of $2000. Both come with an in-built demo account loaded with a $10,000 virtual deposit.

IQ Option offers over 300 assets to deal in along with a strong varsity module for early-stage learners. On the other hand, Olymptrade only offers around 60 assets to trade and that can be a consideration for traders.

IQ options are regulated by CySec of Cyprus but it is not permitted for trading in certain countries like the United States, Canada, Japan, Israel, and a few others. Olymptrade is also regulated by CySec but it is regulated by the FCA also, which guarantees trade on this platform. Olymptrade is more popular across Europe and many countries where IQ Options is not permitted.
The final call will depend on what exactly you are looking at out of the above features.
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