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https://www.cgs-cimb.com/en/home
Website
MT4/5
White Label
CGSCIMBSecurities-Demo-UK
Influence
B
Influence index NO.1
MT4/5 Identification
White Label
Influence
B
Influence index NO.1
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
+1 800 538 9889
+65 6538 9889
+66 2841 9000
+62 150330
More
CGS-CIMB Securities International Pte. Ltd.
CGS CIMB
Singapore
Pyramid scheme complaint
Expose
BASIC INFORMATION:
CGS-CIMB Securities International Pte. is a joint venture between China Galaxy International Financial Holdings Limited and CIMB Group Sdn Bhd. Following the merger, the broker is regulated by the Monetary Authority of Singapore (MAS). CGS-CIMB provides financial instruments to over 2,600 institutional clients and 400,000 retail clients. CGS-CIMB is a Singapore-based broker offering trading in forex, CFDs, futures, and securities, among others. The broker also provides cross-platform trading on the MT4, iTrade and Viewpoint platforms.
REGULATORY INFROMATION: LICENSE
No valid regulatory information
Please be aware of the risk!
MARKETS
CGS-CIMB offers an array of assets:
· Leveraged products – FX currency pairs and synthetic crosses, CFDs, Equity Linked Notes (ELN), and Daily Leveraged Certificates (DLC)
· Futures – Commodities, stocks, indices, currencies, interest rates, fixed income, shares, and options
· Wealth management assets – Mutual funds and unit trusts
· Securities – Stocks, shares, and ETFs
· Bonds – Corporate and government
FOREX TRADING
For forex trading, there are three options: Mini, Classic, and Accredited Investor. Note that all accounts can only be held in a single base currency of USD or SGD.
The Mini account asks for a 100 SGD initial deposit, offering spreads from 0.3 pips and a minimum lot size of 0.01 lots. There is a maximum trading limit of 0.5 lots.
The Classic account is aimed at corporate clients and requires a 5,000 SGD initial deposit, 0.1 lots minimum order volume, and offers spreads from 0.7 pips. There is an unlimited maximum order volume.
The Accredited Investor account is subject to eligibility requirements and is characterised by a 10,000 SGD initial deposit, a minimum order volume of 0.1 lots, an unlimited maximum order volume, and spreads from 0.7 pips.
LEVERAGE
For forex products, leverage is offered up to a maximum of 1:20 and for CFDs on equities, you can leverage up to 1:10.
CFD TRADING
For CFD investing, users must open a separate CFD account which uses the Viewpoint platform. The minimum deposit to open an account is 2,000 SGD with typical spreads from 0.3 pips.
SECURITIES TRADING
For securities, users can choose between a Cash Trading Account (CTA), Margin Trading Account (MTA), or Securities Borrowing and Lending (SBL). Details of these must be requested from customer support.
Islamic Cross-Border Trading solutions are also available by filling in an application form.
PAYMENT METHODS
Deposits for the Mini, Classic, or Accredited Investor FX accounts are only available via digital bank transfer or cheque. Whilst the broker doesnt charge any fees, bank charges may apply in some cases. Fund deposits are only available in the base currency of the account (SGD or USD) and if any deposits are made in a different currency, there will be a non-refundable conversion.
Funding in the CFD account is available via cash payment, online transfer via PayNow, bank transfer, or cheque. Note that you can only withdraw excess funds in a CFD account if your free equity is more than 2,000 SGD or if there are no open CFD positions. Withdrawals can take up to 5 days to be processed.
Margin financing is also available for shares, where users can enjoy interest-free financing of up to 12 calendar days and leverage up to 3.5 times their cash collateral
TRADING PLATFORMS
· iTrade
· Meta Trader 4
· View Point
TRADING HOURS
Forex trading is available 24 hours a day, from 05:00 PM Sunday until 05:00 PM Friday (EST). Other operating times vary depending on the instrument traded. These can be found within the platforms or on the CGS-CIMB Securities website.
CUSTOMER SUPPORT
With the absence of live chat, traders can only contact the broker between 8.30 am and 6.00 pm (SGT) Monday to Friday, via:
· Email address – clientservices.sg@cgs-cimb.com
· Telephone contact number hotline – 1800 538 9889 or +65 6538 9889
· Head office location – 50 Raffles Place, #01-01 Singapore Land Tower, Singapore 048623
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