CGS-CIMB vs NicoFX

CGS-CIMB vs NicoFX Comparison Table 2022
CGS-CIMB NicoFX
WINNER
CGS-CIMB is the better broker
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
CGS-CIMB is a Singapore-based trading broker offering futures, FX, CFDs & bonds. NicoFX facilitates trading in forex and precious metals under CySEC regulation.
Awards
  • Fastest Growing European STP Broker 2016 - Global Banking & Finance Awards
  • Best STP Broker 2016 - MENA Awards
Instruments
Forex, CFDs, futures, mutual funds, securities, bonds Forex, Metals
Demo Account
Yes Yes
Minimum Deposit
100 SGD $100
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
MAS CySEC
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
ECN Account
No Yes
DMA Account
No Yes
Mobile Apps
Yes Yes
Auto Trading
Yes Yes (EAs)
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
Islamic Account
Yes Yes
Commodities
CFD Trading
Trade with leverage on online CFDs. CFD trading not offered
Leverage
1:20 1:30
FTSE Spread
1 N/A
GBPUSD Spread<
0.84 From 0.9
Oil Spread
0.028 N/A
Stocks Spread
Variable N/A
Forex Trading
Trade FX pairs with sub 1 pip spreads. Start trading a long list of leading currencies with up to 1:30 leverage.
GBPUSD Spread
0.84 From 0.9
EURUSD Spread
0.36 From 0.9
EURGBP Spread
0.95 From 0.9
Assets
40+ 38
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