Olymp Trade vs CGS-CIMB

Olymp Trade vs CGS-CIMB Comparison Table 2023
Olymp Trade Review 2023 CGS-CIMB Review 2023
1.5
Not Yet Rated

CGS-CIMB is #13 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag 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
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
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
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