IQ option vs olymptrade( which is better)?
One of the points to compare between both companies is the legal endorsement that they have in the market by the regulatory entities.
On the one hand, Olymp Trade is a broker regulated by the “International Financial Commission.” This certificate is only granted to reliable and safe companies.
So it is considered that trading in Olymp Trade is secure, and all your data and payments are insured.
On the other hand, IQ Option is regulated by the CySEC (Cyprus Securities and Exchange Commission) of Cyprus.
This organization regulates a lot of brokers in that country.
These two commissions help protect the interests of investors.
The role of these commissions is the supervision of third parties of the entity’s operations, making sure to show its activities to the public, among others.