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Do you want to know which is the better broker between CPT Markets and OLYMPTRADE ?
In the table below, you can compare the features of CPT Markets , OLYMPTRADE side by side to determine the best fit for your needs.
EURUSD: 0.2
XAUUSD: 0.1
Long: -6.49
Short: 1.94
Long: -21.31
Short: 11.33
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of cpt-markets, olymptrade lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
CPT Markets | Basic Information |
Registered Country/Region | Belize |
Founded in | 2016 |
Regulation | FCA (UK), FSC (Belize) |
Minimum Deposit | $500 |
Demo Account | Yes |
Tradable Assets | Forex, Metals, Energy, Indices, Cryptocurrencies |
Trading Platforms | MetaTrader 4, WebTrader, Mobile App |
Spreads | From 0.0 pips |
Commission | $3 per lot |
Leverage | Up to 1:1000 |
Deposit Methods | Bank Wire Transfer, Credit/Debit Cards, E-wallets |
Withdrawal Methods | Bank Wire Transfer, Credit/Debit Cards, E-wallets |
Education | Trading Academy, Webinars, Trading Tools |
Customer Support | Phone, Email, Live Chat |
CPT Markets is a global financial brokerage firm that offers a variety of financial instruments for trading. Founded in 2016, the broker is headquartered in London, UK, and is regulated by the Financial Conduct Authority (FCA) and the International Financial Services Commission (IFSC). CPT Markets provides its clients with access to a range of trading platforms, including the popular MetaTrader 4 (MT4) platform, as well as a variety of educational resources and trading tools. The broker also offers competitive spreads and leverage, with the ability to trade on a range of asset classes, including forex, commodities, indices, and cryptocurrencies. However, CPT Markets does not offer its services to residents of the United States, Canada, and some other jurisdictions.
CPT Markets is a legit broker and it has two entities regulated in their own jurisdictions:
CPT Markets is the trading name used by CPT Markets Limited, registered in Belize, regulated by the Belize International Financial Services Commission, license number: No. IFSC000314/351.
CPT Markets UK is the trading name used by CPT Markets UK Limited. The company's registered office is located in Wales, England, with registration number 6707165, authorized and managed by the UK Financial Conduct Authority (FCA), number 606110. CPT Markets UK Limited is an associated company of CPT Markets Limited.
When evaluating a potential broker to trade with, it's important to consider both the advantages and disadvantages. This can help you make an informed decision on whether a broker like CPT Markets is suitable for your trading needs. In this section, we will provide an overview of the pros and cons of trading with CPT Markets, including aspects such as trading conditions, account types, customer support, and more. By the end of this section, you should have a better understanding of what CPT Markets has to offer and whether it aligns with your trading goals and preferences.
Pros | Cons |
Wide selection of trading instruments | Limited range of tradable instruments |
Multiple account types to suit various traders | No proprietary trading platform |
Competitive spreads and commissions | Limited educational resources |
Multiple deposit and withdrawal options | Limited research and analysis tools |
Negative balance protection and client fund safety | Limited customer support options outside of Asia |
Access to popular trading platforms such as MT4 | Limited social trading options |
CPT Markets offers a range of financial instruments across different markets, including forex, indices, commodities, and cryptocurrencies. The broker's asset selection is designed to provide traders with diversified trading opportunities and a chance to profit from market volatility. With over 60 currency pairs, major indices such as the S&P 500 and Nasdaq 100, popular commodities like gold, silver, and crude oil, as well as cryptocurrencies like Bitcoin and Ethereum, CPT Markets has a range of assets to suit different trading styles and strategies. In this way, traders have access to a broad range of markets to trade, making it easier to find potential opportunities in various markets.
Pros | Cons |
Diverse range of assets including forex, commodities, indices, and cryptocurrencies | Limited selection of stocks compared to some other brokers |
Competitive spreads and low commissions | No option to trade futures |
No option to trade options | |
Limited information about some of the available assets | |
No access to bonds or other fixed-income assets |
CPT Markets (Belize) offers three types of trading accounts: Standard, Platinum, and ECN. Each account comes with a minimum deposit requirement of $500.
The Standard account is designed for beginner traders who want to start trading with a small investment. This account offers fixed spreads and allows trading in all available instruments. It also comes with the option to use a swap-free account for those who want to trade according to Shariah law.
The Platinum account is aimed at more experienced traders who require access to a wider range of trading tools and services. This account offers variable spreads and allows trading in all available instruments. It also comes with a personal account manager, free VPS hosting, and priority withdrawal processing.
The ECN account is designed for advanced traders who require faster execution speeds and the ability to trade with no dealing desk intervention. This account offers raw spreads, which means that traders can access the tightest spreads available in the market. It also allows trading in all available instruments and comes with the option to use a swap-free account for those who want to trade according to Shariah law. Additionally, the ECN account offers free VPS hosting and priority withdrawal processing.
Pros | Cons |
Multiple account types to choose from | High minimum deposit requirement of $500 |
Competitive spreads on all account types | No 24/7 customer support |
Access to various trading instruments | No bonuses or promotions offered |
Advanced trading platforms offered | |
Negative balance protection | |
Demo Accounts Available |
CPT Markets offers demo accounts to its clients, which can be used to practice trading without risking real money. The validity period of the CPT Markets demo account is 30 days, after which the account will expire. It's not possible to extend the demo account's validity period, but clients can open a new demo account once the previous one expires. Each client is allowed to have multiple demo accounts to test different trading strategies or to use them for educational purposes.
To initiate the account opening process with CPT Markets, interested individuals may visit the broker's official website and click on the “Open Account” button.
This will redirect them to the account registration page where they will be required to fill out the necessary personal and contact information, as well as financial details and other relevant documents.
After completing the online registration form, the account will then be subject to review and approval by CPT Markets. Once the account has been verified and activated, clients may then proceed to fund their trading account with the required minimum deposit and start trading various financial instruments offered by the broker.
CPT Markets (Belize) offers a maximum leverage of up to 1:1000, which is considered to be high. However, it's worth noting that the actual leverage offered to traders may vary depending on their account equity.
For example, traders with a lower account balance may have a lower leverage ratio, while those with a higher account balance may be able to access higher leverage ratios. This is because higher leverage ratios can increase the risk of losses, and brokers must take steps to ensure that traders have enough margin to cover potential losses.
You can request a change to the leverage of your trading account by logging into the CPT Markets Client Portal, clicking on “Accounts” section, selecting the relevant account number, and clicking on the “double arrow - leverage change” icon, selecting the suitable leverage from the options.
While CPT Markets (UK) offers trading leverage up to 1:30 in accordance with the regulations set by the Financial Conduct Authority (FCA). One of the regulations set by the FCA is the maximum allowable leverage that can be offered to retail clients, which is currently set at 1:30 for forex trading. This is intended to protect retail clients from incurring large losses due to excessive leverage.
CPT Markets offers variable spreads, which means that the spread can widen or narrow based on market conditions. The broker also charges commissions on some of its account types.
The spreads on CPT Markets' forex pairs start from 0.0 pips, with an average spread of 0.2 pips on the EUR/USD pair. The broker also offers competitive spreads on other major currency pairs, such as GBP/USD, USD/JPY, and AUD/USD.
For indices, the spread on the UK 100 index starts from 0.8 points, while the spread on the US 500 index starts from 0.5 points. For commodities, the spread on gold starts from 0.3 pips, while the spread on silver starts from 0.02 pips.
In terms of commissions, CPT Markets charges $4 per lot for its ECN account, while the Standard and Platinum accounts have no commission charges.
Below is a table comparing the spreads of CPT Markets on EUR/USD, Crude Oil, and Gold with those of FP Markets and AvaTrade:
Broker | EUR/USD Spread | Crude Oil Spread | Gold Spread |
CPT Markets | 0.3 pips | 3.5 cents | 20 cents |
FP Markets | 0.1 pips | 3 cents | 25 cents |
AvaTrade | 0.9 pips | 3 cents | 35 cents |
In addition to trading costs, CPT Markets also charges non-trading fees that clients should be aware of. These fees include fees for deposits, withdrawals, account inactivity, and other administrative fees that may apply.
CPT Markets does not charge fees for deposits and withdrawals, and clients can make unlimited free-of-charge withdrawals per month. However, it should be noted that some payment providers may charge their own fees for transactions, which is beyond the control of the broker.
Inactivity fees may be charged to clients who have not made any trades or account activity for a period of 90 days or more. The fee for this inactivity is $50 per month, which will be deducted from the client's account balance. However, if there is no available balance in the account, no fee will be charged.
Other administrative fees that may apply include fees for account closure, wire transfers, and chargebacks. These fees vary depending on the specific circumstances and are listed in the broker's terms and conditions
Besides, CPT Markets also charge swap fees. Swap fees are charges incurred for holding a position overnight, also known as an overnight financing fee. The amount of the swap fee depends on the instrument being traded and the direction of the position (long or short).
CPT Markets gives its clients access to two excellent choices of trading platforms, the advanced MT4 and MT5. CPT Markets offers the popular MetaTrader 4 (MT4) trading platform, which is available for download on desktop and mobile devices. MT4 is a well-established platform in the industry, offering advanced charting tools, technical analysis indicators, and the ability to execute trades directly from the platform. Additionally, CPT Markets also provides a web-based platform, which can be accessed through a web browser without the need for any downloads. The web platform offers similar features to the desktop platform, including charting tools and order execution.
Besides, CPT Markets also offers the MetaTrader 5 (MT5) trading platform to its clients. With MT5, traders can access a range of order types, including market orders, limit orders, stop orders, and trailing stops. The platform also supports hedging, allowing traders to open multiple positions in the same market in different directions. In addition to the desktop version, CPT Markets also offers a mobile version of the MT5 platform, allowing traders to access the markets from anywhere with an internet connection. The mobile app is available for both iOS and Android devices and offers many of the same features as the desktop version.
Broker | Platform | Desktop | Web | Mobile | Automated Trading |
CPT Markets | MetaTrader 4 | ✔ | ✔ | ✔ | ✔ |
MetaTrader 5 | ✔ | ✔ | ✔ | ✔ | |
cTrader | ❌ | ❌ | ❌ | ❌ | |
FXCM | Trading Station | ✔ | ✔ | ✔ | ✔ |
MetaTrader 4 | ✔ | ✔ | ✔ | ✔ | |
NinjaTrader | ✔ | ❌ | ✔ | ✔ | |
FP Markets | MetaTrader 4 | ✔ | ✔ | ✔ | ✔ |
MetaTrader 5 | ✔ | ✔ | ✔ | ✔ | |
WebTrader | ❌ | ✔ | ✔ | ✔ | |
IRESS | ✔ | ❌ | ✔ | ✔ |
CPT Markets offers a variety of deposit and withdrawal methods for its clients, including bank wire transfer, credit/debit card, and online payment systems. The broker does not charge any fees for deposits, but third-party fees may apply depending on the payment method used. Withdrawals are generally processed within one business day, but it may take up to five business days for funds to appear in the client's account, depending on the withdrawal method.
Clients can make deposits and withdrawals in multiple currencies, including USD, EUR, GBP, AUD, and CAD. However, it's worth noting that there may be some currency conversion fees charged by the payment provider. In terms of minimum deposit requirements, CPT Markets requires a minimum deposit of $500 for all account types, which is higher than the industry standard.
Pros | Cons |
Multiple deposit and withdrawal options | Some methods may incur fees or minimum transaction amounts |
No deposit or withdrawal fees for most methods | Withdrawals can take up to 3 business days to process |
Option to use local bank transfer in some regions | Limited availability of some methods in certain regions |
Withdrawal options are more limited than deposit options | |
Currency conversion fees may apply for some methods |
CPT Markets has set the minimum deposit amount at $500, which is relatively higher than the industry average. This may be a consideration for some traders who are just starting out or have limited funds available for trading.
Below is a table comparing the minimum deposit requirements of CPT Markets, IC Markets, and FP Markets:
Broker | Minimum Deposit |
CPT Markets | $500 |
IC Markets | $200 |
FP Markets | $100 |
CPT Markets offers customer support to clients via various channels. Clients can reach out to the broker's customer service team through phone, email, live chat, and social media platforms such as Facebook and Twitter. The broker also provides a comprehensive FAQ section on its website that covers a wide range of topics related to trading and account management.
CPT Markets' customer service team is available 24/5 to assist clients with any questions or issues they may have. The broker has a multilingual support team that can assist clients in different languages, including English, Chinese, Spanish, and Arabic.
CPT Markets offers a variety of educational resources to help traders improve their skills and knowledge of the financial markets. These resources include:
Webinars: CPT Markets offers regular webinars covering a range of topics, from trading strategies and market analysis to risk management and trading psychology.
Video Tutorials: CPT Markets provides a range of video tutorials covering different aspects of trading, including technical analysis, fundamental analysis, and trading psychology.
eBooks: CPT Markets offers a range of eBooks covering various topics related to trading, including forex trading, stock trading, and commodity trading.
Economic Calendar: CPT Markets provides an economic calendar that displays upcoming economic events and their potential impact on the financial markets.
Market Analysis: CPT Markets provides daily market analysis, including technical analysis, fundamental analysis, and market news.
Trading Tools: CPT Markets offers a range of trading tools, including trading calculators, economic indicators, and a margin calculator.
CPT Markets is a regulated broker that offers a range of trading instruments on multiple trading platforms. The broker's competitive spreads and flexible leverage options make it an attractive option for traders. Additionally, CPT Markets provides a wide range of educational resources, including webinars, trading courses, and market analysis, to help traders improve their skills and make informed trading decisions.
However, CPT Markets does have some drawbacks. The minimum deposit requirement of $500 is higher than industry standards, and the broker charges higher than average non-trading fees. Customer support options are limited, with no phone support available. Finally, while the broker offers a variety of deposit and withdrawal options, some users have reported slow processing times for withdrawals.
Overall, CPT Markets may be a suitable choice for experienced traders who value competitive pricing and a variety of educational resources. However, potential users should weigh the pros and cons carefully and conduct their own research before opening an account with the broker.
Q: Is CPT Markets regulated?
A: Yes, CPT Markets is regulated by the Financial Conduct Authority (FCA) in the UK and the International Financial Services Commission (IFSC) in Belize.
Q: What is the minimum deposit requirement for CPT Markets?
A: The minimum deposit requirement for CPT Markets is $500.
Q: What trading platforms are available with CPT Markets?
A: CPT Markets offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as the CPT Markets Mobile App.
Q: Does CPT Markets offer a demo account?
A: Yes, CPT Markets offers a demo account that is valid for 90 days. Multiple demo accounts can be opened.
Q: What is the maximum leverage offered by CPT Markets?
A: CPT Markets offers leverage up to 1:1000, but the actual leverage offered varies depending on the account equity.
Registered in | St. Vincent and the Grenadines |
Regulated by | No effective regulation at this time |
Year(s) of establishment | 2-5 years |
Trading instruments | Information not available |
Minimum Initial Deposit | Information not available |
Maximum Leverage | Information not available |
Minimum spread | Information not available |
Trading platform | MT4 |
Deposit and withdrawal method | Information not available |
Customer Service | Email/phone number/address |
Fraud Complaints Exposure | Yes |
Note: At this time, we only have a cursory look at OLYMPTRADE as the company's official website (https://olymptrade.com/ ) does not open properly.
Screenshot time: 01/28/2023
WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.
OLYMPTRADE is registered in St. Vincent and the Grenadines and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet.
OLYMPTRADE caters to a diverse range of traders, including beginners and experienced traders alike.The platform offers a wide range of financial instruments for trading, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC, and composites. Traders have the flexibility to choose between two types of accounts: Real Account and Demo Account. The Real Account allows traders to engage in live trading with real money, while the Demo Account provides a risk-free environment for practice. While specific information about spreads is not available on the website, OLYMPTRADE mentions that there are no commissions charged.Traders can access the OLYMPTRADE trading platform via a downloadable application on both mobile and desktop devices. The platform offers a user-friendly interface with various trading tools, features, educational resources, market analysis reports, and customer support services available 24/7.
When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.
OLYMPTRADE offers a user-friendly trading platform with a wide range of market instruments, a demo account for practice, comprehensive customer support, and educational resources. However, it is not regulated by a reputable authority, lacks transparency on leverage and spreads, provides limited information on fees and commissions, has a relatively low minimum deposit requirement, and offers limited advanced features. Traders should carefully consider these pros and cons before deciding to trade with OLYMPTRADE.
Pros | Cons |
User-friendly trading platform with a range of tools and features. | Not regulated by a reputable financial authority, which carries higher risk. |
Wide selection of market instruments, including currencies, stocks, metals, cryptocurrencies, and more. | Lack of transparency regarding leverage and spreads. |
Demo account available for practice and learning. | Limited information on trading fees and commissions. |
Comprehensive customer support available 24/7. | Relatively low minimum deposit requirement may attract inexperienced traders. |
Educational resources to enhance trading knowledge and skills. | Limited availability of advanced trading features and platforms. |
OLYMPTRADE offers a diverse range of market instruments, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC trading, and composites, providing traders with ample opportunities to engage in various trading strategies.
Currencies: OLYMPTRADE offers a wide range of currency pairs for trading, including major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs like USD/TRY and NZD/CAD. Traders can speculate on the exchange rate movements between these currency pairs.
Stocks: OLYMPTRADE provides access to a variety of stocks from global markets. Traders can invest in individual company stocks, such as Apple, Amazon, or Google, and speculate on their price movements. Stock trading allows traders to benefit from the performance of specific companies.
Metals: OLYMPTRADE allows trading in precious metals like gold, silver, platinum, and palladium. These metals are often seen as safe-haven assets and can be used as a hedge against inflation or economic uncertainties. Traders can speculate on the price fluctuations of these metals.
Indices: OLYMPTRADE offers trading on major stock indices from around the world, including the S&P 500, NASDAQ, FTSE 100, and Nikkei 225. Index trading allows traders to speculate on the overall performance of a specific stock market, rather than individual stocks.
Commodities: OLYMPTRADE provides access to various commodities such as oil, natural gas, and agricultural products like corn and wheat. Commodity trading allows traders to speculate on the price movements of these essential goods, which can be influenced by factors like supply and demand dynamics, weather conditions, and geopolitical events.
Cryptocurrencies: OLYMPTRADE offers trading in popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. Cryptocurrency trading allows traders to speculate on the price volatility of these digital assets, which have gained significant popularity in recent years.
ETFs (Exchange-Traded Funds): OLYMPTRADE allows trading in ETFs, which are investment funds traded on stock exchanges. These funds are composed of a basket of assets, such as stocks, bonds, or commodities. Traders can invest in ETFs to gain exposure to a diversified portfolio of assets.
OTC (Over-the-Counter): OLYMPTRADE provides over-the-counter trading, which refers to trading financial instruments directly between two parties without the involvement of an exchange. OTC trading allows for more flexible and customized transactions, particularly for certain derivatives and exotic instruments.
Composites: OLYMPTRADE offers composite instruments, which are synthetic assets created by combining multiple financial instruments. These composites can represent various strategies or themes, such as a basket of stocks from a particular sector or a combination of different asset classes. Traders can speculate on the performance of these composites.
Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.
OLYMPTRADE offers two types of accounts: Real Account and Demo Account. The Real Account allows traders to engage in live trading with real money, providing access to the full range of market instruments and features offered by OLYMPTRADE. Traders can deposit funds into their Real Account and trade in real-time market conditions, experiencing the actual risks and rewards of trading.
On the other hand, the Demo Account is a practice account that allows traders to simulate trading without using real money. It is an excellent option for beginners or those who want to test trading strategies and explore the platform's functionalities. The Demo Account provides virtual funds, enabling traders to practice and gain confidence before venturing into live trading.
Here is a brief description of the account opening process for OLYMPTRADE:
Registration: Visit the OLYMPTRADE website and click on the “Register” button to start the registration process. Fill in the required information, such as your name, email address, and preferred password. Make sure to read and agree to the terms and conditions before proceeding.
Account Verification: After completing the registration, you may need to verify your account. OLYMPTRADE may require you to provide certain documents for verification purposes, such as a copy of your identification document (e.g., passport or driver's license) and proof of address (e.g., utility bill or bank statement). Follow the instructions provided by OLYMPTRADE to submit the necessary documents.
Account Funding: Once your account is verified, you can proceed to fund your account. OLYMPTRADE offers various deposit methods, such as credit/debit cards, bank transfers, and electronic payment systems. Choose your preferred payment method and follow the instructions to make a deposit. Be aware of any minimum deposit requirements set by OLYMPTRADE.
Platform Access: Once your account is funded, you will gain access to the OLYMPTRADE trading platform. You can log in using your registered email address and password. The platform provides a user-friendly interface with a range of trading tools and features.
Account Configuration: Before you start trading, you may need to configure your account settings. This includes selecting your preferred language, setting up notifications, and adjusting other platform preferences according to your trading preferences. Take some time to explore the platform and familiarize yourself with its features.
It's important to note that the specific steps and requirements may vary, so it's advisable to refer to the official OLYMPTRADE website or contact their customer support for the most accurate and up-to-date information regarding the account opening process.
The official website of OLYMPTRADE does not provide specific information about leverage. However, it is common for similar types of brokers to offer leverage ratios ranging from 100:1 to 500:1. Please note that leverage allows traders to multiply their trading positions, but it also amplifies both potential profits and losses. It is important to fully understand the implications of leverage and exercise responsible risk management when trading on any platform. For accurate and up-to-date information about leverage on OLYMPTRADE, it is recommended to refer to the broker's official website or contact their customer support.
Spreads & Commissions (Trading Fees)
OLYMPTRADE's official website does not provide specific information about spreads. However, it is mentioned that there are no commissions charged. In general, similar brokers in the industry offer spreads that start from 0 to 0.1 pips. Spreads refer to the difference between the bid and ask prices of a financial instrument and can vary depending on market conditions and the specific asset being traded. For accurate and up-to-date information about spreads on OLYMPTRADE, it is recommended to refer to the broker's official website or contact their customer support.
OLYMPTRADE provides a simple and convenient deposit and withdrawal process for its traders. The minimum deposit amount is 10 USD/10 EUR, making it accessible for traders with varying budgets. OLYMPTRADE supports multiple deposit and withdrawal methods, including Bank Transfer, Credit/Debit Cards, Bank Wire Transfer, E-wallets, and Cryptocurrency.
Traders can choose to deposit funds using popular payment options such as credit or debit cards, bank transfers, and e-wallets.
Similarly, when it comes to withdrawing funds, OLYMPTRADE supports the same methods used for deposits. The withdrawal process is typically straightforward, and the platform strives to process withdrawal requests promptly. However, the processing time may vary depending on the chosen withdrawal method and the policies of the respective financial institutions involved.
The support service provided by OLYMPTRADE is not very extensive. It can only be accessed via email, address and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.
Below are the details about the customer service.
Email: support@olymptrade.com
support-en@olymptrade.com
Phone Number: +356 20341634
Address: 54, Immakulata, Triq il-Mina ta Hompesch, ZABBAR ZBR 9016.
On our website, you can see that many users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
OLYMPTRADE is an online trading platform that caters to a diverse range of traders, offering a wide selection of market instruments and account types. The platform provides a user-friendly interface, downloadable on mobile and desktop devices, with access to real-time market quotes, trading tools, and educational resources. However, it is important to note that OLYMPTRADE is not regulated by a reputable financial authority, which poses a higher risk for traders. The platform lacks transparency on leverage and spreads, limited information on fees and commissions, and advanced features. Traders should carefully evaluate these pros and cons before deciding to trade with OLYMPTRADE. While OLYMPTRADE offers convenience and comprehensive customer support, traders should exercise caution and conduct thorough research before opening an account.
Q: Is OLYMPTRADE a regulated broker?
A: No, OLYMPTRADE is not a regulated broker.
Q: What is the minimum deposit required to open an account with OLYMPTRADE?
A: The minimum deposit required to open an account with OLYMPTRADE is 10 USD/10 EUR.
Q: What trading instruments are available at OLYMPTRADE?
A: OLYMPTRADE offers a wide range of trading instruments, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC trading, and composites
Q: Does OLYMPTRADE offer a demo account?
A: Yes, OLYMPTRADE offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.
Q: What trading platforms does OLYMPTRADE offer?
A: OLYMPTRADE offers their our trading platform.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive cpt-markets and olymptrade are, we first considered common fees for standard accounts. On cpt-markets, the average spread for the EUR/USD currency pair is From 0.9 pips, while on olymptrade the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
cpt-markets is regulated by FCA,FSC,FSCA. olymptrade is regulated by --.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
cpt-markets provides trading platform including STANDARD ACCOUNTS and trading variety including --. olymptrade provides trading platform including -- and trading variety including --.