Among the trading and investing community, there are two platforms that offer traders a wide variety of options, and those brands are IQ Option and Olymp Trade. Each platform is different and it’s up to you to decide which one will fit your needs best. This article will assist you with that by going over several features you should consider.
Starting with IQ option, first you’ll notice the professional appearance immediately on the homepage. The company advertises 167 stock CFD products, along with options, Forex and Cryptocurrencies.
One of the benefits you’ll notice right away are the wide array of product you can utilize. When trading or investing, you want to have the variety to enable trading through different markets. Limiting your assets not only can be stressful, but result in missed opportunities. Furthermore, the platform can be run on desktop and mobile. In this environment, having a mobile platform is a must. Lastly, IQ Option has was several awards include the 2017 Award of Excellence.
A couple drawbacks to consider include the CFD product being risky for some investors. It’s important to understand your risk tolerance because you may find that CFD’s are not for you. Also, there charting is simplistic and you may want to utilize another platform or charting platform to technically analyze your desired assets.
Next on our list is Olymp Trade, which same as IQ Option offers a professional and easily navigated website right out of the gate. The homepage includes statistics such as traders online, amount paid out to traders and the number of trades closed in the prior month.
A few of the benefits include the free training, which is broken out between beginners and experienced traders. Having a robust training center is important because it will retain individuals no matter their experience level. Also, same as IQ Option you can take your trading on the rode through the Apple App Store or Google Play. Lastly, you will find the company is open regarding their regulations and awards, instilling a sense of confidence in the investor.
However, one of the drawbacks is the inability to readily find their list of products. As a trader, you want to understand what you’ll have access too and how to implement your trading strategy. Furthermore, beyond the few tabs on the homepage the remainder of the website seems empty. As a trading platform it’s important to have all of your information readily available.
Which Platform Offers Better Trading Conditions?
Overall, it would appear that IQ Option offers a wide array of options and trading assets that would fit many traders’ needs. On top of that, they have awards and a mobile platform that will allow you to trade from nearly anywhere. However, keep in mind that in order to fully understand a platform, you need to open a demo account and test drive for yourself.
You may find the Olymp Trade fits your needs better over IQ Option. However, I recommend starting with IQ Option first and going from there.
Which Platform is Better for Mobile Trading?
When it comes to identifying the best mobile platform, again, it goes hand in hand with what you are looking to trade and invest. Unless the company truly doesn’t care about their mobile presence then you will likely be fine with any mobile platform.
However, between these two companies you should start with IQ Option. If you find their mobile platform to not be to your liking then you’ll have to consider other factors such as asset selection and if other platforms have what you need.
Overall, both platforms provide a sense of confidence when looking at their platform. Each has their own benefits and drawbacks, and it’s up to you to decide which fits your style best. Visit each website and complete your own due diligence, using our review to guide you along the way. Once you find the right platform, the sky’s the limit.