CGS-CIMB vs Saxo Bank
| CGS-CIMB Review 2023 | Saxo Bank Review 2023 |
|---|---|
Not Yet Rated
CGS-CIMB is #13 in our CFD broker rankings. |
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 Traders from US accepted |
Traders from US not accepted
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CGS-CIMB is a Singapore-based trading broker offering futures, FX, CFDs & bonds. |
Saxo is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC. |
| 66% of retail accounts lose money. | |
| Comment by Reviewer | |
| "Saxo is best for active traders and advanced investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders." | |
| Pros | |
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| Cons | |
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| Instruments | |
| Forex, CFDs, futures, mutual funds, securities, bonds | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| 100 SGD | |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | Variable |
| Regulator | |
| MAS | FCA, DFSA, MAS, SFC |
| Margin Trading | |
| No | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| Yes | SaxoTraderGo (iOS, Android, Windows) |
| Auto Trading | |
| Yes | Excel Automation via OpenAPI |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Trade with leverage on online CFDs. | Saxo Bank offers a secure and reliable way to trade 8,800+ CFDs spanning forex, stocks, indices, commodities, options and bonds. The broker's extra features include a trading academy, powerful charting and analytical tools and trading signals, helping it stand out from many alternatives. |
| Leverage | |
| 1:20 | 1:30 (Retail), 1:66 (Pro) |
| FTSE Spread | |
| 1 | 1.2 pts (Variable) |
| GBPUSD Spread | |
| 0.84 | 0.7 (var) |
| Oil Spread | |
| 0.028 | 0.03 |
| Stocks Spread | |
| Variable | 0.10% (subject to min commission) |
| Forex Trading | |
| Trade FX pairs with sub 1 pip spreads. | With around 190 forex pairs and spot metals, 140 forwards, top-tier liquidity, fast execution and spreads from near zero, Saxo Bank offers exceptional flexibility and value to forex traders. Advanced charting from TradingView is another plus for active forex traders. |
| GBPUSD Spread | |
| 0.84 | 0.7 (varies by region) |
| EURUSD Spread | |
| 0.36 | 0.2 (varies by region) |
| EURGBP Spread | |
| 0.95 | 0.6 (varies by region) |
| Assets | |
| 40+ | 40+ |
| Cryptocurrency | |
| Crypto trading not offered | Saxo Bank offers BTC, ETH and LTC in CFD pairs against USD, EUR and JPY for shorter-term trades, as well as 12 funds tracking popular cryptocurrency price movements for longer-term trades. |
| Spread | |
| Variable | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| 66% of retail accounts lose money. | |
| More Comparisons | |
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CGS-CIMB vs |
Saxo Bank vs |