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Olymptrade , IFC Markets Broker Comparison
Do you want to know which is the better broker between Olymptrade and IFC Markets ?
In the table below, you can compare the features of Olymptrade , IFC Markets side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
2.75
Offshore Regulation
Under guarantee
--
5-10 years
VFSC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
2.96
Regulated
Under guarantee
5-10 years
FSCA,FSC
International Bank Transfer,VISA,MASTER,Mobile Money,African Local Bank,Crypto Currencies,Bitwallet,WebMoney,Volet (ADVCash),Domestic Transfer,Wire transfer
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Pro Micro,Classic Micro,Direct Nano,Classic Nano,ECN Standard,Pro Standard,Direct Micro,Direct Standard,MetaTrader 4 Classic Standard,NetTradeX Direct Standard,NetTradeX Classic Standard
--
15 USD
1:400
From 0.1
10.00
Floating
0.01
--
Olymptrade 、 IFC Markets BrokerRelated News
Olymptrade 、 IFC Markets BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do olymptrade and ifc-markets have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
olymptrade
| OlymptradeReview Summary | |
| Founded | 2014 |
| Registered Country/Region | Vanuatu |
| Regulation | No regulation |
| Market Instruments | Forex, Stocks |
| Demo Account | ✅ |
| Leverage | / |
| Spread | From 0 pips |
| Trading Platform | Olymptrade, PWA |
| Minimum Deposit | $/€ 10 |
| Customer Support | Phone: + (356) 2034 16 34 |
| Email: support-en@olymptrade.com | |
| Social Media: Facebook, Instagram, Telegram, Youtube, Twitter, Tiktok, Pinterest | |
| Physical Address: 1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu | |
Olymptrade Information
Olymptrade is an online trader registered and established in Vanutu in 2014. It supports traders in trading forex and stocks through its own trading platform. In addition, it also supports a minimum spread of 0 and 0 commission. But currently, it is in an unregulated state.
Pros and Cons
| Pros | Cons |
| Support demo accounts | No regulation |
| 24/7 support | No account detail information |
| The spread starts from 0 | MT4/5 is not supported |
| Support zero commission | Limited trading products |
| Low minimum deposit of $10 |
Is Olymptrade Legit?
Olymptrade was registered in 2014, but it is currently unregulated.
What Can I Trade on Olymptrade?
Olymptrade supports you in trading forex, with over 100 assets including currency pairs,majors, minors, exotics,crypto and more. In addition, you can also trade stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Cryptos | ❌ |
| Futures | ❌ |
| Indices | ❌ |
| Options | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Bonds | ❌ |
| ETFs | ❌ |
Account Types
Olymptrade did not provide specific account information. What can be known is that the minimum deposit amount is 10 US dollars or euros. It also supports the opening of demo accounts and Islamic accounts.
Olymprade Fees
Foreign exchange trading supports 0 spread, with commissions starting from 0.6 pips. And there is no commission for opening a stock position for trading.
If no transactions are made in a real account and/or funds are not deposited or withdrawn within 180 days, a monthly idle fee of $10 (or the equivalent account currency) will be charged.
If the account balance is lower than the idle fee, only the available balance will be charged. Accounts with a balance of zero will not be charged any fees.
Trading Platform
Olymprade offers its own trading platform, which can be used on both desktop and mobile devices. In addition, there is a web-based trading platform called PWA.
| Trading Platform | Supported | Available Devices | Suitable for |
| Olymptrade | ✔ | Desktop, Mobile | / |
| PWA | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Deposits can be made using bank cards, cryptocurrencies or electronic payment systems. To withdraw money, you need to press the payment button through your account, select withdrawal, specify the withdrawal amount and confirm the transaction. The minimum withdrawal amount is 10 US dollars or euros.
ifc-markets
| IFC Markets Review Summary | |
| Founded | 2005 |
| Registered Country/Region | The Virgin Islands |
| Regulation | LFSA, FSCA (Exceeded), CySEC (Revoked), FSC (Offshore Regulated) |
| Market Instruments | Indices, Forex, ETF, CFDs, Metals, Cryptocurrencies |
| Demo Account | ✅ |
| Social/Copy Trading | / |
| Leverage | 1:400 |
| Spread | 0.4 - 1.8 pips |
| Trading Platform | Net Trade X, MT4, MT5 |
| Minimum Deposit | $0 |
| Customer Support | Live Chat |
| Tel: +442039661649 | |
| Email: info@ifcmarkets.com | |
| Social media: Telegram, WhatsApp, FaceBook, Instagram, X, Linkedin, YouTube | |
| Address: 'AGP Chambers', 84 Spyrou Kyprianou Avenue, 4004 Limassol, Cyprus | |
IFC Markets Information
IFC Markets is a regulated broker founded in 2005 and registered in the Virgin Islands. It offers trading in Indices, Forex, ETF, CFDs, Metals, and Cryptocurrencies with leverage up to 1:400 and variable spreads via Net Trade X, MT4, and MT5 trading platforms. There is no minimum deposit.
Pros and Cons
| Pros | Cons |
| Regulated by LFSA | Limited info on trading conditions |
| Various trading assests | No info on deposit and withdrawal |
| MT4 and MT5 supported | |
| Live chat support |
WikiFX Field Survey
WikiFX field survey team visited IFC Markets's address is Cyprus, and we found its office on site, which means the company operates with an physical office.
Is IFC Markets Legit?
Yes, IFC Markets are legitimate. It is regulated by Labuan Financial Services Authority (LFSA) under IFC Markets Ltd, with license number MB/20/0049.
| Regulatory Status | Regulated By | Licensed Institution | License Type | License Number |
| Regulated | Labuan Financial Services Authority (LFSA) | IFC Markets Ltd | Straight Through Processing (STP) | MB/20/0049 |
| Exceeded | Financial Service Corporate (FSCA) | IFC MARKETS SA (PTY) LTD | Financial Service Corporate | 51818 |
| Revoked | Cyprus Securities and Exchange Commission (CYSEC) | IFCM Cyprus Ltd | Common Financial Service License | 147/11 |
| Offshore Regulated | British Virgin Islands Financial Services Commission (FSC) | IFCMARKETS. CORP. | Retail Forex License | SIBA/L/14/1073 |
What Can I Trade on IFC Markets?
| Tradable Instruments | Supported |
| Indices | ✔ |
| Forex | ✔ |
| ETF | ✔ |
| CFDs | ✔ |
| Metals | ✔ |
| Cryptocurrency | ✔ |
| Stocks | ❌ |
| Equity | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Net Trade X | ✔ | Windows, MacOs, iOS, Android | / |
| MT4 | ✔ | Windows, MacOs, iOS, Android | Beginners |
| MT5 | ✔ | Windows, MacOs, iOS, Android | Experienced traders |
Do olymptrade and ifc-markets have lower transaction costs?
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 olymptrade and ifc-markets are, we first considered common fees for standard accounts. On olymptrade, the average spread for the EUR/USD currency pair is -- pips, while on ifc-markets the spread is From 0.1.
Which broker between olymptrade, ifc-markets is safer?
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.
olymptrade is regulated by VFSC. ifc-markets is regulated by FSCA,FSC.
Which broker between olymptrade, ifc-markets provides better trading platform?
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.
olymptrade provides the -- platform with products like --; ifc-markets offers the Pro Micro,Classic Micro,Direct Nano,Classic Nano,ECN Standard,Pro Standard,Direct Micro,Direct Standard,MetaTrader 4 Classic Standard,NetTradeX Direct Standard,NetTradeX Classic Standard platform featuring assets including --.
