Compare forex brokers Trading Point of Financial Instruments UK Limited VS Olymp Trade

If you're choosing between Trading Point of Financial Instruments UK Limited 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 Trading Point of Financial Instruments 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.

TRADING POINT OF FINANCIAL INSTRUMENTS VS OLYMP TRADE

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.

Trading Point of Financial Instruments
Trading Point of Financial Instruments 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 Trading.com broker review.

Trading.com is here to revolutionise the world of online trading.

Traditional trading has become overcomplicated and simply doesn’t cut it in today’s modern world. We are here to simplify the trading process. To offer traders quick, direct and straightforward access to the financial markets.

# Broker's Features TRADING POINT OF FINANCIAL INSTRUMENTS 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 Trading Point of Financial Instruments 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. Trading Point of Financial Instruments offers Online Financial Trading and Investment Services Such as CFDs on Forex, Stocks, Indices, Metals, Commoditie, 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. Trading Point of Financial Instruments is Broker, 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. Trading Point of Financial Instruments recommended minimum capital is 5, 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. Trading Point of Financial Instruments is regulated by FCA, 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. Trading Point of Financial Instruments offers EUR, USD, GBP, CHF, AUD, PLN, HUF 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. Trading Point of Financial Instruments offers Czech, Dutch, English, French, German, Hungarian,, 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. Trading Point of Financial Instruments offers Bank Wire, VISA, MasterCard, Local Bank Transfers, 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, Trading Point of Financial Instruments makes MetaTrader 5, WebTrader available to clients, while Olymp Trade offers Olymp Trade platform.