IFGM vs Olymp Trade

IFGM vs Olymp Trade Comparison Table 2023
IFGM	Olymp Trade
Review 2.6	Review 1.5
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available binary options brokers
Founded in 2012, IFGM is an Australian forex and CFD broker regulated by the Australian Securities and Investments Commission (ASIC). The broker offers a modest range of markets, with access to proprietary and third-party terminals available on desktop and mobile.	Olymp Trade was established in 2014 and now boasts over 25k active traders each day. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform, competitive spreads and attractive rewards for new traders. Olymp Trade also offers fixed time trades over a huge range of markets.
Comment by Reviewer
"IFGM is best for new or experienced MT4 traders looking to trade key assets with tight spreads, in exchange for a $200 minimum deposit. On the negative side, only Australian traders are accepted."	"Olymp Trade is a good option for beginners looking for access to popular financial markets, 24/7 support, and a user-friendly trading platform."
Pros
Decent range of free funding methods, including cards, bank wire and e-wallets, with low minimum deposits from $5 Access to the powerful MetaTrader 4 platform with hedging permitted and access to PAMM/MAM accounts Thematic Investment Portfolio Service (TIPS) provides useful insights into DMA CFD instruments Tight 0-pip spreads available with competitive commissions from $3.59 ASIC-regulated with strong reputation since 2012	Over 10 flexible payment methods including bank cards and Bitcoin deposits Diverse asset classes including commodities, cryptos and composite indices Comprehensive blog section with analytics, trading education and market news Minimum deposit and withdrawals of only $10, ideal for newer traders 24/7 customer support via the broker's hotline, email or live chat Fixed time trades on popular markets
Cons
Small range of instruments and trading vehicles compared to other brokers Australian clients only	Offshore broker with weak regulatory oversight Only one proprietary platform available Limited transparency
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies	Fixed Time Trades
Demo Account
Yes	Yes
Minimum Deposit
$200	$10
Trading Platforms
MT4	Own
Payment Methods
American Express Neteller Skrill Visa	AstroPay Bitcoin Payments Doku Wallet FasaPay Flutterwave M-Pesa Neteller Perfect Money Skrill WebMoney Wire Transfer Yandex Money
Minimum Trade
0.01 Lots	$1
Regulator
ASIC	FinaCom
Margin Trading
No	No
STP Account
No	No
ECN Account
No	No
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	No
Mobile Apps
Yes	iOS, Android and Windows
Auto Trading
Yes
Copy Trading
No	No
Social Trading
No	No
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
	USD
Commodities
Gold Silver
CFD Trading
Trade a small range of CFDs on commodities, indices and cryptocurrencies with commission-free trading available. You can also plan your CFD trades in the broker's free MT4 demo.	CFD trading not offered
Leverage
1:500
FTSE Spread
Variable
GBPUSD Spread
Variable
Oil Spread
Variable
Stocks Spread
N/A
Forex Trading
IFGM only offers 25+ currency pairs, which is below the market average. With that said, the broker does offer variable spreads from 0 pips and leverage up to 1:200 for retail traders.	Forex trading not offered
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
28
Cryptocurrency
With 5 major cryptocurrencies on offer, IFGM offer less crypto trading opportunities than other brokers. On a lighter note, traders will be reassured that the broker offers 24/5 customer support.	Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto.
Spread
Floating	Variable
Coins
BTC BCH ETH LTC XRP	BTC ETH LTC DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	Olymp Trade offers fixed time trades on a huge range of markets. Established in 2014, the firm now sees more than 30 million monthly transactions with an average monthly payout of over $16 million.
Payout
	90%
Expiry Times
	5 seconds - 23 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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