A very difficult question for those who are new to Fixed Time Trade is choosing brokers. Deciding what to spend on is always something you need to consider carefully before doing. In today’s article, How To Trade will give you a detailed comparison between Binomo and Olymp Trade platforms. This is to help you find a suitable broker to invest in this financial field.
A quick overview of Binomo and Olymp Trade platforms
These are the two big brokers in the fixed-time trading market. Binomo is famous for its strong advertising campaigns and strong IB team. And Olymp Trade is well-known for being professional with a modern interface converging many experienced traders. In previous articles, we have reviewed in detail these 2 platforms. You can review them all here.
- Detailed review on Binomo platform.
- What is Olymp Trade?
- Detailed review on Olymp Trade platform from A to Z.
A detailed comparison between Olymp Trade and Binomo platforms
In this section, I will compare the 4 main criteria for these 2 platforms, respectively as follows: reputation level, popularity, traffic, and deposit and withdrawal feature. These are all criteria you need to consider carefully when selecting a broker for trading. The conclusion will be made at the end of the article. Stay tuned!
Reputation level of a trading platform
Regarding this, Binomo does not differ from Olymp Trade. Both are members of Finacom (Financial Commission) and are listed in the category A Brokers of this trusted organization.
The reward is up to 20,000 Euros if you find any proofs proving that the two platforms are cheating. You can be completely assured of the transparency of these two platforms.
So regarding this criterion, two brokers are equal.
The popularity of Olymp Trade and Binomo
To find out, I use Google Trends to check. You can see the details here: Google Trends
In terms of popularity level over time worldwide, these two are quite similar.
More specifically, you can compare them within the thriving countries of Fixed Time Trade such as Vietnam, Russia, or India, etc.
About popularity by region or country, Olymp Trade is known more and gets more attention than Binomo.
So regarding this 2nd criterion, Olymp Trade is slightly better.
Online rankings and traffic by territories.
Regarding this, I use Amazon’s Alexa tools to check. The results show that Olymp Trade far surpasses Binomo in terms of global rankings.
Specifically, Olymp Trade ranks 1269 globally after 90 days.
As for Binomo, the ranking is 7587.
India is the country with the largest amount of traffic, accounting for nearly one-third of global traffic for both platforms.
So with this criterion, Olymp Trade dominates completely.
Deposit and withdrawal services
Why am I putting this criterion for comparison? Do you want to use a platform that takes long to deposit and withdraw? This is a very important criterion and directly affects the traders’ rating for a platform.
Currently, the trader team of How to trade is trading at both platforms. According to our assessment, both are very good at depositing and withdrawing money. For Olymp Trade, deposit and withdrawal are quick with many popular payment gateways. And Binomo is professional for enthusiastic support.
So with this criterion, two platforms do not differ.
One last word
From the 4 criteria above, you can see that Binomo and Olymp Trade are both safe and transparent brokers. You can completely consider investing. Olymp Trade is slightly better but not too significant.
This is the conclusion I make based on the findings and experiences of our own traders. We absolutely do not intend to “defame” or encourage to invest in any platform. Please leave any comments or arguments about Binomo and Olymp Trade. We will discuss it together. Love.