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Olymp Trade alternatives

Other platforms open to residents of China, and the situations where each one fits better.

Olymp Trade logo

Olymp Trade · 3.9/5 · Lowest deposit $10 · Read the review

Why traders leave Olymp Trade

  • No strong regulator; Vanuatu oversight is light
  • On the Reserve Bank of India's Alert List
  • Best conditions only on higher account levels
  • Closed to the US, UK, Canada and the EEA
  1. Pocket Option logo

    1. Pocket OptionOur pick

    4.1/5

    When it fits better

    Pick it for a USD 5 entry point and copy trading built into the platform.

    Lowest deposit
    $5 vs $10
    Top payout
    92% vs 93%
    Good for
    Very small first deposits and copying other traders
    In China
    Accepts residents
    Compare in full with Olymp Trade
    Pocket Option trading screen
    The trading screen: asset, timer, stake and the payout shown before you trade (+67% on BNB OTC here).

    Pocket Option and Olymp Trade by the numbers

    —Pocket OptionOlymp Trade (what you use now)
    Lowest deposit$5$10
    Lowest trade$1$1
    Top payout92%93%
    Win rate to break even52.1%51.8%
    Smallest withdrawal$10$10
    Practice balance$50,000Yes
    What you can trade100+100+
    Trade durations3 seconds – 4 hours5 seconds – 23 hours
    Pay-out speedTypically 1–3 working days; crypto often quicker (user reports)Depends on account level and method; higher levels first
    BinaryChooser score4.1/53.9/5

    What Pocket Option adds

    • Costs and minimums: 4.8 vs 4.4
    • Copy trading
    • Demo with no sign-up

    What you lose

    • iPhone app
    • Markets where Olymp Trade accepts you and Pocket Option doesn't: 1

    What we think of Pocket Option

    Where it accepts you, Pocket Option is the easiest place to begin: small minimums, a tidy platform and useful copy trading. The price is weak oversight and public warnings, so deposit little and try a withdrawal early.

    Not for you if: You want a regulator behind your money, or contests make you trade too much

    More Pocket Option screenshots

    Pocket Option home page
    Pocket Option's home page with the sign-up form and the free demo link.
    Pocket Option copy trading
    Copy trading: one trader's public stats and the 24-hour leaderboard, with names and IDs blurred.
  2. IQ Option logo

    2. IQ Option

    4.0/5

    When it fits better

    Pick it for the most complete charts, a desktop app and digital options.

    Lowest deposit
    $10 vs $10
    Top payout
    95% vs 93%
    Good for
    Experienced traders who want detailed charts and a desktop app
    In China
    Accepts residents
    Compare in full with Olymp Trade
    IQ Option trading platform
    The IQ Option trading screen: asset, timer, stake and the payout before you trade.

    IQ Option and Olymp Trade by the numbers

    —IQ OptionOlymp Trade (what you use now)
    Lowest deposit$10$10
    Lowest trade$1$1
    Top payout95%93%
    Win rate to break even51.3%51.8%
    Smallest withdrawal$2$10
    Practice balance$10,000Yes
    What you can trade300+100+
    Trade durations60 seconds – 1 month5 seconds – 23 hours
    Pay-out speedUp to 3 working days, often lessDepends on account level and method; higher levels first
    BinaryChooser score4.0/53.9/5

    What IQ Option adds

    • Desktop app
    • More to trade: ETFs

    What you lose

    • More ways to pay: Crypto

    What we think of IQ Option

    IQ Option has the best technology and apps here. Remember that in Asia you deal with an unregulated company and that the brand is on Singapore's and India's alert lists: strong platform, weak protection.

    Not for you if: You trade rarely (dormant fee) or withdraw several times a month

    More IQ Option screenshots

    IQ Option home page
    IQ Option's home page with sign-up and the free demo.
    IQ Option deposit page
    IQ Option's deposit screen with payment methods and minimum amounts.