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Score

0123456789
.
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0123456789
/10

CGS CIMB

Singapore|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|High potential risk|

https://www.cgs-cimb.com/en/home

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

CGSCIMBSecurities-Demo-UK

United States
MT4
2

Influence

B

Influence index NO.1

Malaysia 7.33

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
CGSCIMBSecurities-Demo-UK MT4
Server Location United States

Influence

Influence

B

Influence index NO.1

Malaysia 7.33

Surpassed 34.15% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 800 538 9889
clientservices.sg@cgs-cimb.com
https://www.cgs-cimb.com/en/home
10 Marina Boulevard, #09-01 Marina Bay Financial Centre Tower 2, Singapore 018983

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1 800 538 9889

English

+65 6538 9889

Thai

+66 2841 9000

Indonesian

+62 150330

Broker Information

More

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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CGS CIMB · Company Summary

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

User Reviews

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Comments

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FX1627550026
more than one year
As a user of CGS CIMB trading platform, I've experienced some frustrations with withdrawal procedures. Despite making profits exceeding my initial deposit, withdrawing funds has been a hassle. Every day, I seem to receive different answers regarding this issue.
2024-02-23 16:48
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0
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FX1313940504
more than one year
The fundamental analysis and technical analysis of CGS CIMB played a very important role in my trading! Even better, these analyzes are free. It was great to come across this platform.
2023-03-08 10:04
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