Olymp Trade vs CGS-CIMB

Olymp Trade vs CGS-CIMB Comparison Table 2023
Olymp Trade Review 2023	CGS-CIMB Review 2023
Review 1.5	Review Not Yet Rated CGS-CIMB is #13 in our CFD broker rankings.
Traders from US not accepted See available binary options brokers	Traders from US accepted
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.	CGS-CIMB is a Singapore-based trading broker offering futures, FX, CFDs & bonds.
Comment by Reviewer
"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
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
Offshore broker with weak regulatory oversight Only one proprietary platform available Limited transparency
Instruments
Fixed Time Trades	Forex, CFDs, futures, mutual funds, securities, bonds
Demo Account
Yes	Yes
Minimum Deposit
$10	100 SGD
Trading Platforms
Own	MT4
Payment Methods
AstroPay Bitcoin Payments Doku Wallet FasaPay Flutterwave M-Pesa Neteller Perfect Money Skrill WebMoney Wire Transfer Yandex Money
Minimum Trade
$1	0.01 Lots
Regulator
FinaCom	MAS
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
iOS, Android and Windows	Yes
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
CFD trading not offered	Trade with leverage on online CFDs.
Leverage
	1:20
FTSE Spread
	1
GBPUSD Spread
	0.84
Oil Spread
	0.028
Stocks Spread
	Variable
Forex Trading
Forex trading not offered	Trade FX pairs with sub 1 pip spreads.
GBPUSD Spread
	0.84
EURUSD Spread
	0.36
EURGBP Spread
	0.95
Assets
	40+
Cryptocurrency
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.	Crypto trading not offered
Spread
Variable
Coins
BTC ETH LTC DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
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.	Binary options trading not offered
Payout
90%
Expiry Times
5 seconds - 23 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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