|Fees||$0 for stocks and ETFs, $0.65 per contract fee for options|
Olympus4X has consistently featured among the best low-cost brokers on multiple review platforms. The broker leverages a stellar product offering with lower commissions and spreads to strengthen its position in the market. Investors have access to stocks, forex, bonds, digital currencies, mutual funds, options, and ETFs, among other securities. Olympus4X has lifted several standard account fees and maintained very low spreads.
Olympus4X offers intuitive trading platforms that active traders and beginners can seamlessly use on computers and mobile devices. Traders can utilize their research and educational resources to perfect their skills and analyze the markets effectively. However, some international traders may need to be more impressed by the restricted access to global markets on Olympus4X.
Olympus4X Pros and Cons
- Research and educational materials
- Low trading fees
- Seamless trade executions
- Excellent customer support
- Limited accessibility to global markets
- Account confirmations sometimes take longer
Although most traders and investors on Olympus4X are mainly attracted to its lower fees and spreads, the broker also offers other benefits. Here are the top perks on Olympus4X.
Discounted fees and spreads
Olympus4X primarily emphasizes low-cost online investing. That has seen the broker lift several account and administrative costs, such as minimum deposits, inactivity fees, and account closure/ transfer fees. Olympus4X also maintains a no-commissions policy for stock and ETF trades, with a standard $0.65 per contract fee for options.
Diverse product offerings
Olympus4X also provides a vast selection of conventional assets and fixed-income products for both short-term and long-term investors. It allows you to trade multiple assets across various market centers from one integrated account.
Intuitive trading platforms
Olympus4X supports three trading platforms, compatible with a wised range of devices. Its desktop, web, and mobile platforms feature many tools and calculators against specific assets and portfolios. They also provide a one-click trading function and diverse themes that allow you to personalize the display window.
Where Olympus4X Should Improve
Like other brokers, Olympus4X also has shortcomings that you should understand before investing. While you can access various market centers on Olympus4X, their services are unavailable in some regions. Some users have also reported account confirmations sometimes take several hours. Olympus4X says that could be due to ongoing developments on its platforms and has promised to fix it.
What Are the Costs on Olympus4X?
Olympus4X’s discounted pricing is one factor that has enabled it to maintain a strong market position. Here is a layout of the overall costs on Olympus4X.
- Zero account minimum
- No commissions for stock and ETF trades
- $0.65 contract-based options fee
- $32 live broker fee per trade
- Free domestic wire transfers, paper statements, and trade confirmations
- No fees for account inactivity, closure/ transfer, and software
- International orders often attract exchange fees
Olympus4X also provides several no-transaction-fee mutual funds, well-suited to cost-conscious traders. Before entering any trades, check the comprehensive pricing schedule for special commissions and margin interest rates.
Olympus4X treats its clients to a vast selection of investment products. The following are currently available products on Olympus4X.
- Exchange Traded Funds (ETFs)
- Mutual Funds
The trading experience on Olympus4X is straightforward and intuitive. The desktop, web and mobile versions provide customizable themes with the option of streaming quotes. The platforms also support setting trading defaults, price alerts, portfolio analysis, and multiple order types, but you can only place advanced orders on the desktop version.
Olympus4X desktop and web versions also provide charting, calculators, evaluators, screeners, trading idea generators, news, and data streaming. The mobile app delivers an almost similar experience but does not support technical analysis tools. It is best suited to less-active traders and investors.
Olympus4X offers free and well-organized educational content across all its trading platforms in multiple formats and languages. The resources include videos, articles, and webinars about trading strategies, assets, and markets.
Olympus4X provides customer support through phone, email, and live chats. You can also talk to live brokers on the platform, but orders placed through them incur a surcharge.
Who is Olympus4X Best For?
Olympus4X is an all-inclusive online brokerage with client-focused trading platforms, diverse product offerings, and lower fees. Those perks make it ideal for traders and investors of all experience levels. Get in touch with this broker for more information!
Disclaimer: This is a sponsored marketing content.