Compare forex brokers HQBroker VS Olymp Trade

If you're choosing between HQBroker and Olymp Trade forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is HQBroker better than Olymp Trade? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

HQBROKER VS OLYMP TRADE

HQBroker
HQBroker Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this HQBroker broker review.

Brokerage company HQBroker shift online trading to more qualitative level with the help of professional analysts. Although company was founded in 2017 at this moment it offers advanced trading solutions and state-of-the-art environment for every trader. Company pay close attention to client’s needs and constantly upgrades its services.

Olymp Trade
Olymp Trade Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this Olymp Trade broker review.

Olymp Trade is an international online trading platform that has offered its services since 2014. The “Olymp Trade” brand belongs to Smartex International Ltd., which is registered in St. Vincent and the Grenadines. The company has 20 mln. customers worldwide and seeks to make Forex trading transparent and affordable to everyone. Activities are regulated by the International Financial Commission.

The company offers trading totally without spread, displaying only one price per each of the 42 assets. Apart from the currency pairs, this list consists of cryptocurrencies and metals.

# Broker's Features HQBROKER Availability OLYMP TRADE Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare HQBroker vs Olymp Trade.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. HQBroker offers Online Financial Trading and Investment Services Such as CFDs, Currency Pairs, Indices, Shares, Options, Co, while Olymp Trade offers Crypto-currencies, Currencies, Commodities, Indice.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. HQBroker is Broker, ECN, while Olymp Trade is Broker.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. HQBroker recommended minimum capital is N/A, while Olymp Trade has a Minimum Deposit Requirement of 10.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. HQBroker is regulated by not regulated, while Olymp Trade regulated by IFC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. HQBroker offers USD, GBP, EUR, NZD, AUD different account currencies for each account types, while Olymp Trade offers dollar, euro, ruble, Brazilian real, Thai baht, Ch account currencies.

Languages Available: Next lets have a look at each broker's different Language options. HQBroker offers English, while Olymp Trade offers English, Thai, Indonesian, Portuguese, Spanish, Tu Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. HQBroker offers Credit Cards, Wire Transfer, Skrill different payment methods for each account types, while Olymp Trade offers Credit Card, QIWI, Skrill, Webmoney, Bitcoin, Yand payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, HQBroker makes MetaTrader4 Desktop/Mobile, Web Trader available to clients, while Olymp Trade offers Olymp Trade platform.

The Verdict: HQBroker or Olymp Trade?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Olymp Trade is more reliable based on our criteria above. Only Olymp Trade offers demo account, allowing you to test their platform to see which is suitable for you. Olymp Trade offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Olymp Trade has a wider range of languages in which customer service is offered making the broker more accessible.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.