Best alternatives to Olymp Trade

By BinarySelector editorial teamPlatform research for African markets

Olymp Trade · 3.9/5 · Min. deposit $10 · Read full review

1. 

   1. Pocket OptionRecommended

   4.1/5

   Why consider it

   Choose it for the lowest minimum deposit and built-in social trading.

   Min. deposit

   $5 vs $10

   Max. payout

   92% vs 93%

   Best for

   Small first deposits and copy trading

   +50% deposit bonusT&Cs

   Open free accountRead full reviewPocket Option vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   

   Pocket Option vs Olymp Trade in numbers

   —	Pocket Option	Olymp Trade (current)
   Min. deposit	▲ $5	$10
   Min. trade	$1	$1
   Max. payout	92%	▲ 93%
   Break-even win rate	52.1%	▲ 51.8%
   Min. withdrawal	$10	$10
   Demo balance	$50,000	Yes
   Assets	100+	100+
   Expiry times	3 seconds – 4 hours	5 seconds – 23 hours
   Withdrawal time	Usually 1–3 business days; crypto often faster (third-party reports)	Depends on account level and method; priority for higher levels
   Our score	▲ 4.1/5	3.9/5

   What you gain with Pocket Option

   • +Costs & minimums: 4.8 vs 4.4
   • +Copy trading
   • +Demo without registration

   What you give up

   • −iOS app

   Our verdict on Pocket Option

   Pocket Option is the easiest place to start in markets where it accepts clients: low minimums, a clean platform and useful social features. The trade-off is weak regulation and public warnings from major regulators, so only deposit what you can afford to lose and test a small withdrawal early.

   Skip it if: You want a regulator behind your account, or gamified features tempt you to overtrade

   More screenshots of Pocket Option

   

   

2. 

   2. IQ Option

   4.0/5

   Why consider it

   Choose it for the strongest platform, a desktop app and digital options with adjustable strikes.

   Min. deposit

   $10 vs $10

   Max. payout

   95% vs 93%

   Best for

   Experienced users who want strong charts and a desktop app

   Open free accountRead full reviewIQ Option vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   

   IQ Option vs Olymp Trade in numbers

   —	IQ Option	Olymp Trade (current)
   Min. deposit	$10	$10
   Min. trade	$1	$1
   Max. payout	▲ 95%	93%
   Break-even win rate	▲ 51.3%	51.8%
   Min. withdrawal	▲ $2	$10
   Demo balance	$10,000	Yes
   Assets	300+	100+
   Expiry times	60 seconds – 1 month	5 seconds – 23 hours
   Withdrawal time	Up to 3 business days; often faster	Depends on account level and method; priority for higher levels
   Our score	▲ 4.0/5	3.9/5

   What you gain with IQ Option

   • +Desktop app
   • +Extra asset classes: ETFs

   What you give up

   • −Extra payment methods: Crypto

   Our verdict on IQ Option

   IQ Option offers the best technology here and the most mature apps. Keep in mind which entity you are dealing with: outside Europe, it is an unregulated company, and the brand is under sanction proceedings in Brazil. Good for platform quality, weak on protection.

   Skip it if: You trade only now and then (inactivity fee) or withdraw several times a month

   More screenshots of IQ Option

   

   

3. 

   3. Expert Option

   3.7/5

   Why consider it

   Choose it for the simplest interface and solid native mobile apps.

   Min. deposit

   $10 vs $10

   Max. payout

   90% vs 93%

   Best for

   Beginners who trade mostly on a phone

   Open free accountRead full reviewExpert Option vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   

   Expert Option vs Olymp Trade in numbers

   —	Expert Option	Olymp Trade (current)
   Min. deposit	$10	$10
   Min. trade	$1	$1
   Max. payout	90%	▲ 93%
   Break-even win rate	52.6%	▲ 51.8%
   Min. withdrawal	$10	$10
   Demo balance	$10,000	Yes
   Assets	~100	100+
   Expiry times	5 seconds – 24 hours	5 seconds – 23 hours
   Withdrawal time	Within 2 business days per the broker; e-wallets and crypto can be faster	Depends on account level and method; priority for higher levels
   Our score	3.7/5	▲ 3.9/5

   What you gain with Expert Option

   • +Copy trading
   • +Demo without registration

   What you give up

   • −Costs & minimums: 4.1 vs 4.4
   • −Support: 3.9 vs 4.2
   • −Tournaments

   Our verdict on Expert Option

   Expert Option is the most beginner-friendly interface of the three and has a usable app. Its lack of a government licence and a narrower asset list place it third. A reasonable alternative if the other two are unavailable to you.

   Skip it if: You want a wide asset list or longer-term analysis

   More screenshots of Expert Option

   

   

4. 

   4. Binomo

   3.7/5

   Why consider it

   Choose it for tournaments, a USD 10 start and many local payment methods.

   Min. deposit

   $10 vs $10

   Max. payout

   90% vs 93%

   Best for

   Beginners who like tournaments and small stakes

   Open free accountRead full reviewBinomo vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   

   Binomo vs Olymp Trade in numbers

   —	Binomo	Olymp Trade (current)
   Min. deposit	$10	$10
   Min. trade	$1	$1
   Max. payout	90%	▲ 93%
   Break-even win rate	52.6%	▲ 51.8%
   Min. withdrawal	$10	$10
   Demo balance	Yes	Yes
   Assets	–	100+
   Expiry times	1 minute – 1 hour	5 seconds – 23 hours
   Withdrawal time	Faster on Gold and VIP levels	Depends on account level and method; priority for higher levels
   Our score	3.7/5	▲ 3.9/5

   What you gain with Binomo

   • +No clear advantage on our criteria

   What you give up

   • −Regulation & transparency: 2.3 vs 2.6

   Our verdict on Binomo

   Binomo is easy to start with and cheap to test, but its protection rests on a private body and it is flagged by India's central bank. A reasonable pick only where it accepts clients and the higher-ranked brokers don't.

   Skip it if: You want expiries longer than an hour or any regulator behind the broker

   More screenshots of Binomo

   

   

5. 

   5. Binarium

   3.4/5

   Why consider it

   Choose it to test with only USD 5 and for long expiries up to 3 months.

   Min. deposit

   $5 vs $10

   Max. payout

   92% vs 93%

   Best for

   Testing with the smallest possible deposit

   Open free accountRead full reviewBinarium vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   

   Binarium vs Olymp Trade in numbers

   —	Binarium	Olymp Trade (current)
   Min. deposit	▲ $5	$10
   Min. trade	$1	$1
   Max. payout	92%	▲ 93%
   Break-even win rate	52.1%	▲ 51.8%
   Min. withdrawal	▲ $5	$10
   Demo balance	Yes	Yes
   Assets	–	100+
   Expiry times	60 seconds – 3 months	5 seconds – 23 hours
   Withdrawal time	Varies by method and account level	Depends on account level and method; priority for higher levels
   Our score	3.4/5	▲ 3.9/5

   What you gain with Binarium

   • +Copy trading

   What you give up

   • −Platform & apps: 3.8 vs 4.5
   • −Payments: 3.9 vs 4.4
   • −Support: 3.5 vs 4.2
   • −Regulation & transparency: 1.6 vs 2.6
   • −Tournaments
   • −iOS app
   • −Extra payment methods: Local methods
   • −Extra asset classes: Stocks

   Our verdict on Binarium

   Binarium is the cheapest way to test fixed-time trading here, and that is its main appeal. The complete absence of oversight places it low in our ranking.

   Skip it if: You want any external protection for your money

   More screenshots of Binarium

   

6. 

   6. IQcentNot recommended

   3.1/5

   Why consider it

   Choose it for trades from USD 0.01 and copy trading.

   Min. deposit

   $10 vs $10

   Max. payout

   95% vs 93%

   Best for

   Very small trades and copy trading

   Choose Pocket Option insteadRead full reviewIQcent vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   

   IQcent vs Olymp Trade in numbers

   —	IQcent	Olymp Trade (current)
   Min. deposit	$10	$10
   Min. trade	▲ $0.01	$1
   Max. payout	▲ 95%	93%
   Break-even win rate	▲ 51.3%	51.8%
   Min. withdrawal	$20	▲ $10
   Demo balance	Yes	Yes
   Assets	–	100+
   Expiry times	From 5 seconds (short-term focus)	5 seconds – 23 hours
   Withdrawal time	Faster on higher tiers	Depends on account level and method; priority for higher levels
   Our score	3.1/5	▲ 3.9/5

   What you gain with IQcent

   • +Copy trading

   What you give up

   • −Platform & apps: 3.9 vs 4.5
   • −Costs & minimums: 3.2 vs 4.4
   • −Payments: 3.8 vs 4.4
   • −Support: 3.6 vs 4.2
   • −Regulation & transparency: 1.5 vs 2.6
   • −Tournaments
   • −Extra payment methods: E-wallets, Local methods
   • −Extra asset classes: Stocks

   Our verdict on IQcent

   IQcent suits people who want to place very small trades or copy others, but region-dependent deposits, card fees and no oversight keep it near the bottom of our ranking.

   Skip it if: You deposit by card or want any regulator behind the broker

7. 

   7. BinaryCentNot recommended

   3.0/5

   Why consider it

   Choose it for weekly tournaments if you have a larger budget.

   Min. deposit

   $250 vs $10

   Max. payout

   95% vs 93%

   Best for

   Experienced traders who want weekly tournaments

   Choose Pocket Option insteadRead full reviewBinaryCent vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   BinaryCent vs Olymp Trade in numbers

   —	BinaryCent	Olymp Trade (current)
   Min. deposit	$250	▲ $10
   Min. trade	▲ $0.10	$1
   Max. payout	▲ 95%	93%
   Break-even win rate	▲ 51.3%	51.8%
   Min. withdrawal	$20	▲ $10
   Demo balance	No	Yes
   Assets	160+	100+
   Expiry times	From 5 seconds	5 seconds – 23 hours
   Withdrawal time	Faster on higher tiers	Depends on account level and method; priority for higher levels
   Our score	3.0/5	▲ 3.9/5

   What you gain with BinaryCent

   • +No clear advantage on our criteria

   What you give up

   • −Platform & apps: 3.8 vs 4.5
   • −Costs & minimums: 2.9 vs 4.4
   • −Payments: 3.7 vs 4.4
   • −Support: 3.6 vs 4.2
   • −Regulation & transparency: 1.5 vs 2.6
   • −Extra payment methods: E-wallets, Local methods

   Our verdict on BinaryCent

   BinaryCent is for experienced traders with larger budgets who want tournaments. The high entry cost, bonus rules and lack of oversight place it last in our ranking.

   Skip it if: You have a small budget or dislike bonus conditions

8. 

   8. Exnova

   3.5/5

   Why consider it

   Choose it for a capable platform with stocks and ETFs from a USD 10 deposit.

   Min. deposit

   $10 vs $10

   Max. payout

   90% vs 93%

   Best for

   Traders who want a capable platform with a small budget

   Open free accountRead full reviewExnova vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   

   Exnova vs Olymp Trade in numbers

   —	Exnova	Olymp Trade (current)
   Min. deposit	$10	$10
   Min. trade	$1	$1
   Max. payout	90%	▲ 93%
   Break-even win rate	52.6%	▲ 51.8%
   Min. withdrawal	$10	$10
   Demo balance	$10,000	Yes
   Assets	250+	100+
   Expiry times	1 minute – 1 hour (fixed time); custom on digital options	5 seconds – 23 hours
   Withdrawal time	1–3 business days per the broker; user complaints report delays	Depends on account level and method; priority for higher levels
   Our score	3.5/5	▲ 3.9/5

   What you gain with Exnova

   • +Desktop app
   • +Extra asset classes: ETFs

   What you give up

   • −Costs & minimums: 4.0 vs 4.4
   • −Payments: 3.8 vs 4.4
   • −Support: 3.6 vs 4.2
   • −Regulation & transparency: 2.0 vs 2.6

   Our verdict on Exnova

   Exnova offers a modern platform with low entry costs and a wide asset list. The lack of a government licence, its short history and withdrawal complaints keep it below the established names. If you try it, start small and test a withdrawal early.

   Skip it if: You need a licensed broker or an external complaint route

   More screenshots of Exnova

   

   

9. 

   9. Quotex

   3.7/5

   Why consider it

   Choose it for high advertised payouts and many crypto deposit options.

   Min. deposit

   $10 vs $10

   Max. payout

   98% vs 93%

   Best for

   High advertised payouts and crypto deposits

   Open free accountRead full reviewQuotex vs Olymp Trade
   Full comparison with Olymp TradeHide comparison

   

   Quotex vs Olymp Trade in numbers

   —	Quotex	Olymp Trade (current)
   Min. deposit	$10	$10
   Min. trade	$1	$1
   Max. payout	▲ 98%	93%
   Break-even win rate	▲ 50.5%	51.8%
   Min. withdrawal	$10	$10
   Demo balance	$10,000	Yes
   Assets	–	100+
   Expiry times	From about 1 minute; varies by asset	5 seconds – 23 hours
   Withdrawal time	Depends on the method; reviewers report a few days	Depends on account level and method; priority for higher levels
   Our score	3.7/5	▲ 3.9/5

   What you gain with Quotex

   • +No clear advantage on our criteria

   What you give up

   • −Payments: 4.0 vs 4.4
   • −Support: 3.5 vs 4.2
   • −Regulation & transparency: 2.1 vs 2.6
   • −Tournaments
   • −iOS app
   • −Extra payment methods: E-wallets, Local methods

   Our verdict on Quotex

   Quotex is quick to start with and its payouts are among the highest advertised, but it has no licence, a shifting corporate structure and official warnings from Portugal and India. If you use it, skip the bonus, deposit a small amount and test a withdrawal before trading more.

   Skip it if: You want a licensed broker or a bonus without heavy turnover rules

   More screenshots of Quotex

   

   

   

10. 

    10. Stockity

    3.5/5

    Why consider it

    Choose it for a very simple platform with USD 1 trades.

    Min. deposit

    $10 vs $10

    Max. payout

    90% vs 93%

    Best for

    Beginners who want a very simple platform and small trades

    Open free accountRead full reviewStockity vs Olymp Trade
    Full comparison with Olymp TradeHide comparison

    

    Stockity vs Olymp Trade in numbers

    —	Stockity	Olymp Trade (current)
    Min. deposit	$10	$10
    Min. trade	$1	$1
    Max. payout	90%	▲ 93%
    Break-even win rate	52.6%	▲ 51.8%
    Min. withdrawal	$10	$10
    Demo balance	$10,000	Yes
    Assets	48–75 (by account level)	100+
    Expiry times	5 seconds to 60 minutes	5 seconds – 23 hours
    Withdrawal time	Depends on the method and account level	Depends on account level and method; priority for higher levels
    Our score	3.5/5	▲ 3.9/5

    What you gain with Stockity

    • +No clear advantage on our criteria

    What you give up

    • −Platform & apps: 4.1 vs 4.5
    • −Payments: 3.9 vs 4.4
    • −Support: 3.8 vs 4.2
    • −Regulation & transparency: 2.0 vs 2.6
    • −Tournaments
    • −Extra payment methods: Local methods
    • −Extra asset classes: Indices

    Our verdict on Stockity

    Stockity is an easy platform for small first trades, but its licence claim is unverified, its best conditions require larger deposits and withdrawals have limits. Start on the demo, deposit the minimum and test a withdrawal early.

    Skip it if: You want a verifiable licence or large withdrawals

11. 

    11. Binolla

    3.4/5

    Why consider it

    Choose it if you pay with crypto and trade currency pairs.

    Min. deposit

    $10 vs $10

    Max. payout

    92% vs 93%

    Best for

    Crypto users who want high payouts on currency pairs

    Open free accountRead full reviewBinolla vs Olymp Trade
    Full comparison with Olymp TradeHide comparison

    

    Binolla vs Olymp Trade in numbers

    —	Binolla	Olymp Trade (current)
    Min. deposit	$10	$10
    Min. trade	$1	$1
    Max. payout	92%	▲ 93%
    Break-even win rate	52.1%	▲ 51.8%
    Min. withdrawal	$10	$10
    Demo balance	Yes	Yes
    Assets	–	100+
    Expiry times	From 5 seconds (scalping) to fixed-time expiries in minutes	5 seconds – 23 hours
    Withdrawal time	Depends on the method; crypto is usually fastest	Depends on account level and method; priority for higher levels
    Our score	3.4/5	▲ 3.9/5

    What you gain with Binolla

    • +No clear advantage on our criteria

    What you give up

    • −Platform & apps: 4.0 vs 4.5
    • −Payments: 3.6 vs 4.4
    • −Support: 3.6 vs 4.2
    • −Regulation & transparency: 2.0 vs 2.6
    • −iOS app
    • −Extra payment methods: Bank cards, Local methods
    • −Extra asset classes: Crypto, Commodities, Stocks, Indices

    Our verdict on Binolla

    Binolla is a reasonable choice for crypto users who want high payouts on currency pairs, but its licence is offshore, its track record is short and there are no card payments. Start small and test a withdrawal early.

    Skip it if: You want to pay by card or trade stocks and commodities

    More screenshots of Binolla