IQ Option Vs Olymp Trade Vs ExpertOption: Which Is Best Platform For Options Trading?

Do you want to try trading digital options or Forex for your financial growth? Then you should choose one of the online brokers for that. However, it is difficult to find a reliable trading platform nowadays. By now, three major brokers are leading the industry, namely IQ Option, Olymp Trade, and Expert Option. But most people have their reasons to choose one. The situation seems pretty confusing that when it comes to choosing a suitable trading platform for you.

Here, we will also analyze these three major platforms briefly and describe how we compare all three. To know which one is better for you and how? Stick to this article till the end.

IQ Option Review

IQ Option is a renowned online broker for Forex, trading options, and CFDs. It is a Cyprus-based broker company with over 25 million Registered trading customers. It is a good binary option for most broker s. IQ Option allows its users to create three kinds of trading accounts: a real account, a demo account, or a premium account here. You can start your trading journey with a demo account. Demo accounts are here to get you started with no effort. The real account, however, needs a minimum deposit to open. You need at least $10 to open a real account on IQ Option. The premium account needs at least a minimum deposit of $3000 to open.

You can trade for over 500 markets with IQ Option. They also provide a fantastic educational and training system online. So a user who wants to trade with IQ Option can learn about it easily. The educational system is brilliant, and you can learn easily with it. The resources are excellent enough to get you started comfortably.

It is a registered company regulated by CySEC. It is available in most of the countries of the world but not in Canada, the USA, Japan, and Israel.

The Main Highlights of IQ Option:

• It is probably the largest broker for digital options.
• It is growing in terms of users.
• It is a regulated company.
• It works internationally.
• It has access to over 500 markets.
• You can get started with as low as $10.
• High returns over smaller investments.
• Quality and user-friendliness are the key features.

Olymp Trade Review

It is not much different from IQ Option and is also in Cyprus. It has a great service base in Russia. Over 25,000 people are actively trading on this platform.

It allows you to create two kinds of accounts, namely the standard and VIP account. You can create a standard account from as low as $10. The VIP account needs at least a deposit of $2000 to start with. However, both of them proceed with a virtual vault of $10,000 that serves the purpose of the demo account.

The company provides over one hundred assets for trading. It also boasts its educational assets that are good for newcomers and are amazing. The International Financial Commission (IFC) regulates the platform and has no authority from any country in the world. That is why it is not available to European clients. It has, however, the highest security standards.

The Main Highlights of Olymp Trade:

• Regulated by IFC.
• A good broker for digital options and forex.
• Requires a small deposit of $10, to begin with.
• It is more secure than its competitors.
• Over 40 million downloads.
• It has over 25,000 daily users.

Expert Option Review

Starting from 2015, Expert Option has over 9 million active traders and is based in Saint Vincent and the Grenadines. Though they do not offer their services in Israel, Switzerland, Canada, and the United States, they are operational in 150 countries around the world.

The Main Highlights of Expert Option

Expert Option offers five types of accounts to its users, which are:

• Basic Account: requires $50 minimum deposit
• Silver Account: requires $500 minimum deposit
• Gold Account: requires $2500 minimum deposit
• Platinum Account: requires $5000 minimum deposit
• Exclusive Account: Invite only.

Expert Option offers over one hundred trading options to its users, with a 95 percent profitability on withdrawals. There are diverse kinds of trading possibilities available. The best thing about Expert Option is that it offers a demo account with a deposit of $1000, to begin with. It has its mobile apps and also provides good educational material.

The drawbacks, however, are that it does not have a transparent system of withdrawals. The company can easily disappoint clients who need a regular withdrawal. Some security issues are also here. Unless it resolves these issues, trading on this platform is not safe.

IQ Option Vs Olymp Trade Vs Expert Options: Which one is the best?

So IQ Option vs Olymp Trade vs Expert Option — which one is the best?

IQ Option is the best out of three, and there are various reasons for that. The most important reason for choosing between trading platforms are not the fees. It is indeed the trustworthiness and the legitimacy of the platform you’ve chosen.

We recommend choosing a trustworthy, safe, and secure platform that is regulated by a recognized authority. IQ Option is regulated by CySEC, which is an international regulator. The other two are not regulated by recognized regulators.

IQ Option is also preferable to the rest because of higher returns, a higher variety of assets, and charting tools. It is also user-friendly and simple to navigate.

I hope this helps. You can also read: PI Network Cryptocurrency: Expected Value, How To Invest And Make Money