Financial trading has always been a favorite of investors who want to try their luck and make some profits. With the advancement of technology, online trading has become more popular, and several brokers offer an online trading platform. Olymp Trade and Exness are two leading brokers in the financial trading industry that provide a trading platform for investors.
Olymp Trade was established in 2014 and is headquartered in St. Vincent and the Grenadines. It is regulated by the International Financial Commission (IFC), and it provides services to customers in more than 100 countries, including India, Malaysia, Indonesia, Brazil, and others. Exness was established in 2008 and is headquartered in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), and it provides services to customers in more than 180 countries, including the UK, Russia, and China.
Account Types and Minimum Deposit
Olymp Trade offers two types of accounts: a demo account and a real account. The demo account is free and enables traders to practice trading with virtual money. The real account has a minimum deposit of $10, and it provides traders with access to various trading instruments, including Forex, stocks, commodities, and cryptocurrencies. On the other hand, Exness provides four account types: cent account, mini account, classic account, and ECN account. The minimum deposit for the cent account is $1, while the other account types have a minimum deposit of $100.
Olymp Trade provides a web-based trading platform that is user-friendly, and it has an intuitive interface. The platform is accessible via a browser, and it is compatible with both desktop and mobile devices. Exness provides both a web-based and a mobile-based trading platform. The web-based platform is user-friendly and accessible via a browser, while the mobile-based platform is compatible with both iOS and Android devices.
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Olymp Trade provides traders with access to various trading instruments, including Forex, stocks, commodities, and cryptocurrencies. The broker offers more than 70 instruments in total. Exness provides traders with access to more than 150 trading instruments, including Forex, stocks, commodities, and cryptocurrencies. The broker offers a wide range of instruments to help traders diversify their portfolios.
Deposit and Withdrawal Methods
Olymp Trade supports several deposit and withdrawal methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. The broker does not charge any fees for deposits, and the withdrawal fees depend on the withdrawal method. Exness supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The broker does not charge any fees for deposits or withdrawals, except for bank transfers.
In conclusion, Olymp Trade and Exness are two reputable brokers in the financial trading industry that offer a wide range of trading instruments and user-friendly trading platforms. Olymp Trade is more suitable for beginner traders as it has a low minimum deposit and a simple trading platform. On the other hand, Exness is more suitable for experienced traders as it provides traders with access to a wide range of trading instruments and a sophisticated trading platform. Ultimately, investors should choose a broker that suits their trading needs and preferences.
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In accordance with the requirements set by the European Securities and Markets Authority (ESMA), trading with binary and digital options is only available to customers categorized as professional clients.
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