CGS-CIMB Securities International Limited Is A Joint Venture Between China Galaxy International Financial Holdings Limited And CIMB Group Sdn Bhd. After 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 That Offers Trading In Foreign Exchange, Contracts For Difference, Futures And Securities, Among Others. The Broker Also Offers Cross-platform Trading On The MT4, ITrade And Viewpoint Platforms.
Markets
CGS-CIMB Offers A Range Of Assets:
- Leveraged Products - Forex Currency Pairs And Synthetic Crosses, Contracts For Difference, Equity Linked Notes (ELNs) And Daily Leveraged Certificates (DLCs)
- Futures - Commodities, Equities, Indices, Currencies, Interest Rates, Fixed Income, Equities And Options
- Wealth Management Assets - Mutual Funds And Unit Trusts
- Securities - Equities, Equities And ETFs
- Bonds - Corporate And Government
Forex Trading
For Forex For Trading, There Are Three Options: Mini, Classic And Qualified Investor. Please Note That All Accounts Can Only Be Held In A Single Base Currency Of USD Or SGD.
- The Mini Account Requires An Initial Deposit Of US $100, Offers A Spread Of 0.3 Pips And A Minimum Lot Size Of 0.01 Lots. The Maximum Trading Limit Is 0.5 Lots.
- The Classic Account Is Aimed At Corporate Clients And Requires An Initial Deposit Of US $5,000, A Minimum Order Size Of 0.1 Lots And Offers A Spread Of 0.7 Pips. There Is No Limit To The Maximum Order Size.
- The Qualified Investor Account Meets The Eligibility Requirements And Features An Initial Deposit Of US $10,000, A Minimum Order Size Of 0.1 Lots And An Unlimited Maximum Order Size With A Spread Of 0.7 Pips Onwards.
Leverage
For FX Products, Leverage Is Up To 1:20, While For CFDs On Stocks, Leverage Is Up To 1:10.
CFD Trading
For CFD Investing, Users Must Open A Separate CFD Account Using The Viewpoint Platform. The Minimum Deposit To Open An Account Is S $2,000, And Spreads Generally Start At 0.3 Pips.
Securities Trading
For Securities, Users Can Choose Between A Cash Trading Account (CTA), A Margin Trading Account (MTA), Or Securities Lending And Lending (SBL). These Details Must Be Requested From Customer Support.
Islamic Cross Border Trade Solutions Are Also Available By Completing The Application Form.
Payment Methods
Deposits To Mini, Classic Or Accredited Investor FX Accounts Can Only Be Made By Digital Bank Transfer Or Cheque. While The Broker Does Not Charge Any Fees, Bank Fees May Apply In Some Cases. Funds Deposits Are Only Available In The Base Currency Of The Account (SGD Or USD) And If Any Deposits Are Made In A Different Currency, A Non-refundable Conversion Will Be Made.
Funds In A CFD Account Can Be Obtained By Cash Payment, Online Transfer Via PayNow, Bank Transfer Or Cheque. Please Note That You Can Only Withdraw Excess Funds From Your CFD Account If Your Free Assets Exceed S $2,000 Or If You Do Not Have Positions Squaring. It May Take Up To 5 Days To Process Withdrawals.
Margin Financing Is Also Available For Stocks. Users Can Enjoy Up To 12 Calendar Days Of Interest-free Financing With Leverage Up To 3.5 Times Their Cash Collateral.
Trading Platform
· ITrade
· Meta Trader 4
Trading Hours
Forex Trading Is Available 24 Hours A Day From 05:00 PM Sunday To 5:00 PM Friday (EST). Other Operating Hours Vary Depending On The Instrument Being Traded. These Can Be Found Within The Platform Or On The CGS-CIMB Securities Website.
Customer Support
Since There Is No Live Chat, Traders Can Only Contact The Broker Between 8am And 6pm (SGT) Monday To Friday By:
· Email Address - [email protected]
· Telephone Contact Line - 1800 538 9889 Or + 65 6538 9889
· Headquarters Address - 50 Raffles Place, #01-01 Singapore Land Tower, Singapore 048623
