Overview of Chimaera Capital
Chimaera Capital, established in 2014 and headquartered in Australia, offers a comprehensive suite of financial services. As an AFS licensed custodian and approved issuer of ASX-listed ETFs, the company provides fund services and investor services, including ASX CHESS settlement participant capabilities. Their asset management offerings encompass multi-asset class exposures through ETFs, mFunds, and IMA's. Additionally, Chimaera Capital offers indices & models, combining in-house expertise with technical services from global index providers. Despite its diverse range of services, it's important to note that Chimaera Capital is not regulated by any financial regulatory authority, which can be a point of concern for potential investors.
Is Chimaera Capital Legit？
Chimaera Capital is not regulated by any financial regulatory authority. This lack of regulation means that there is no oversight of the broker's activities, which can pose significant risks to traders and investors. It is important to exercise caution and conduct thorough research before engaging with an unregulated broker.
Pros and Cons
Chimaera Capital offers a diverse range of financial services, including fund services, asset management, and indices & models, providing investors with various options for their investment needs. The broker also provides access to ASX CHESS settlement participant capabilities, ensuring efficient and secure transactions. However, one of the major drawbacks is the lack of regulation, which raises concerns about the transparency and oversight of the broker's operations. Additionally, the fee structure can be complex, with various fees for different services, which may be perceived as a disadvantage by some investors. Despite these drawbacks, Chimaera Capital's educational resources and responsive customer support are notable positives.
Products and Services
Chimaera Capital offers fund services as an AFS licensed custodian and approved issuer of ASX listed ETFs, investor services including ASX CHESS settlement participant capabilities, asset management with multi-asset class exposures through ETFs, mFunds, and IMA's, and indices & models combining in-house expertise with technical services from global index providers.
How to Open an Account
To open an account with Chimaera Capital, follow these steps.
Visit the Chimaera Capital website. Look for the “New Account” button on the homepage and click on it.
Download Chimaeras Financial Services Guide and New Account Application Form
Fees
Chimaera Capital's fees include an establishment fee for new accounts, an annual fee of 0.375% per annum of portfolio value with a minimum charge, a portfolio reporting fee included in the custody fee, an execution fee of 0.30% of total trade value, a trading platform fee of $30 per month, settlement fees for transactions placed and filled by a third party broker, failure fees if a trade fails to settle, corporate action fees for specific instructions, termination fees based on account duration, and other services fees for regulatory or custom reporting. Fees are subject to negotiation or agreement with the investor.
Customer Support
Chimaera Capital offers customer support through various contact points. For inquiries and sample requests of the ETF Holdings, you can contact them at their offices in Melbourne, Hong Kong, and Singapore. The Melbourne office is located at 349 Collins Street, MELBOURNE VIC 3000, with telephone +61 3 8614 8400 and facsimile +61 3 8614 8410. In Hong Kong, they are located at Level 12, 6 Duddell Street, Central, with telephone +852 2166 9500 and facsimile +852 2166 9510. In Singapore, their office is at 1 North Bridge Road, Suite 10 - 08 High Street Centre, SINGAPORE 179094, with telephone +65 6594 3800 and facsimile +65 6594 3810. Alternatively, you can fill out a form on their website with your contact details and inquiry.
Educational Resources
Chimaera Capital provides educational resources in the form of portfolio details, performance data, profile information, Product Disclosure Statements (PDS), and news updates for various investment products, including ETFs, Index Managed Accounts (IMA), and models focusing on Australian mining, Australian gold miners, Asian fixed income, and more.
Conclusion
In conclusion, Chimaera Capital offers a range of financial services and investment options, making it a viable choice for investors looking for diverse investment opportunities. However, the lack of regulation is a significant concern, as it can lead to potential risks for investors. The complex fee structure may also be off-putting for some investors. Nevertheless, the broker's educational resources and customer support are commendable, providing investors with valuable insights and assistance. Overall, while Chimaera Capital has its advantages, potential investors should carefully consider the risks before engaging with the broker.
FAQs
Q: Is Chimaera Capital regulated by any financial authority？
A: No, Chimaera Capital is not regulated by any financial regulatory authority, which may pose risks for investors due to the lack of oversight.
Q: What services does Chimaera Capital offer？
A: Chimaera Capital offers a range of financial services, including fund services, investor services, asset management, and indices & models.
Q: What are the fees associated with Chimaera Capital's services？
A: Chimaera Capital has a complex fee structure, including establishment fees, annual fees, execution fees, and more. These fees can vary depending on the service and are subject to negotiation or agreement with the investor.
Q: How can I contact Chimaera Capital's customer support？
A: Chimaera Capital offers customer support through various contact points, including phone and fax numbers for their offices in Melbourne, Hong Kong, and Singapore. Alternatively, you can fill out a form on their website for inquiries.
Q: What educational resources does Chimaera Capital provide？
A: Chimaera Capital provides educational resources such as portfolio details, performance data, Product Disclosure Statements (PDS), and news updates for various investment products, including ETFs and indices.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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