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CGS-CIMB Review and Tutorial 2021

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Facts & Figures

CGS-CIMB is a Singapore-based trading broker offering futures, FX, CFDs & bonds.

 

Awards

N/A

Bonus None
Instruments Forex, CFDs, futures, mutual funds, securities, bonds
Demo Account Yes
Min. Deposit 100 SGD
Pay Methods N/A
Min. Trade 0.01 lots
Regulated By MAS
MetaTrader 4 Yes
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading No
Copy Trading No
Trade Signals No
Islamic Account Yes
CFD
FTSE Spread 1
GBPUSD Spread 0.84
Oil Spread 0.028
Stocks Spread Variable
Leverage 1:20
Forex

Trade FX pairs with sub 1 pip spreads.

 

GBPUSD Spread 0.84
EURUSD Spread 0.36
EURGBP Spread 0.95
Assets 40+
Risk Warning – Your capital is at risk

CGS-CIMB is a Singapore-based dealer offering exchanging forex, CFDs, fates, and protections, among others. The dealer likewise gives cross-stage trading on the MT4, iTrade and Viewpoint stages. If you’re contemplating opening a CGS-CIMB account, our survey covers the key highlights, including business expenses and the login interaction.

CGS-CIMB Company Details

CGS-CIMB Securities International Pte. is a joint endeavour between China Galaxy International Financial Holdings Limited and CIMB Group Sdn Bhd. Following the consolidation, the dealer is controlled by the Monetary Authority of Singapore (MAS). 

The top managerial staff have a worldwide vision for the firm, which can be found in more than 20 nations across Asia and past, with base camp in Singapore and extra branches in Thailand, Malaysia, Indonesia, and India. 

CGS-CIMB gives monetary instruments to more than 2,600 institutional customers and 400,000 retail customers. There is likewise a great determination of exchanging stages and devices on offer, including MetaTrader and iTrade. 

For financier charges, contact numbers, address subtleties and then some, read on.

Platforms

iTrade

CGS-CIMB’s restrictive electronic stage, iTrade, is a stock exchanging apparatus, offering continuous evaluating, market news, key detailing highlights, and that’s only the tip of the iceberg. The stage accompanies 77 pre-constructed pointers and drawing devices, in addition to free admittance to natural contributing apparatuses: iScreener, iFilter, and Stock Filter. 

Proficient clients can likewise choose iTradePro, and offering progressed highlights including customizable system examination, different outlines and periods, back-testing with limitless blends, Market Streamers to reveal openings, and moved specialized graphing instruments.

MetaTrader 4

MT4 has been a top pick among retail and expert forex brokers for a very long time. With low inactivity and quick execution, dealers can execute a few request types, including stop cutoff points and following stops. 

Brokers can likewise investigate mechanized systems and direct progressed value examination utilizing many specialized markers and graphical items. 

MT4 is downloadable from the site once a record has been made.

Viewpoint

Perspective is the most considerable Direct Market Access (DMA) CFD supplier, offering admittance to more than 14,000 counters across 20 markets. The stage is easily open through a work area program. 

Perspective is profoundly adaptable with a library of gadgets to suit various inclinations. There’s likewise a scope of excellent outlining devices, progressed request the executives in addition to ongoing danger the board devices, including P&L proclamations of your portfolio.

Assets

CGS-CIMB offers a variety of resources: 

  • Utilized items – FX money sets and manufactured peevish, CFDs, Equity Linked Notes (ELN), and Daily Leveraged Certificates (DLC) 
  • Prospects – Commodities, stocks, files, monetary forms, loan costs, fixed pay, offers, and choices 
  • The abundance of the executive’s resources – Mutual assets and unit trusts 
  • Protections – Stocks, offers, and ETFs 
  • Securities – Corporate and government

Spreads & Fees

For FX, exchanging is without commission, with spreads beginning as low as 0.3 pips in the starter account and 0.7 pips in different records. 

If you’re exchanging FX CFDs, target spreads are 0.36 pips for EUR/USD and 1 pip for FTSE 100. Expenses are charged at 0.4 pips. For CFD shares, all-in commissions are charged from 0.20%, in addition to a 3.75% +/ – base rate financing expense.

Leverage

For forex items, influence is presented to a limit of 1:20, and for CFDs on values, you can use up to 1:10. A breakdown of CFD edge necessities is given on the site.

Mobile Apps

CGS-CIMB offers versatile application variants of every one of its foundations, iTrade, MT4, and Viewpoint, which means clients can get to their speculation portfolios and consistent data from any place. 

iTrade clients can get to a similar work area exchanging apparatuses, including iScreener, just asset stock cautions to follow the most recent market developments. With MT4, you can execute exchanges efficiently on intuitive portable agreeable diagrams while following monetary news and occasions. The Viewpoint versatile application generally offers similar CFDs accessible on the work area stage, just as cutting edge hazard the executives devices.

All applications are viable with iOS, and they can download brilliant Android gadgets from the different application stores.

Payment Methods

Stores for the Mini, Classic, or Accredited Investor FX accounts are just accessible through advanced bank move or check. While the merchant doesn’t charge any expenses, bank charges may apply now and again. Asset stores are just accessible in the base cash of the record (SGD or USD), and if any stores are made in alternate money, there will be a non-refundable change. 

Financing in the CFD account is accessible through a money installment, online exchange using PayNow, bank move, or check. Note that you can pull out overabundance assets in a CFD account if your free value is more than 2,000 SGD or if there are no open CFD positions. However, withdrawals can require as long as 5 days to be prepared. 

Edge financing is additionally accessible for shares, where clients can appreciate revenue-free financing of up to 12 schedule days and influence up to 3.5 occasions their money guarantee.

CGS-CIMB Demo Account

The representative offers a 14-day free preliminary of the iTrade stocks exchanging stage, albeit this isn’t accessible in all purviews. In addition, the dealer doesn’t clarify whether any broad demo accounts are accessible, which might worry novices.

Deals & Bonuses

CGS-CIMB doesn’t have any limited time offers accessible at the hour of composing. Given its experience and guideline, it is far-fetched that the merchant will provide any such arrangements later on.

CGS-CIMB Regulation

CGS-CIMB is an individual from Singapore Exchange Limited (SGX) and is managed by the Monetary Authority of Singapore. According to the Securities and Futures Regulations, the agent isolates customer assets in discrete trust accounts. 

The MAS focuses on customer reserve security and means to instruct purchasers on the dangers of monetary administrations. The controller’s MoneySENSE training program was hence dispatched in 2003 to ensure financial backers.

Additional Features

CGS-CIMB offers an information community that incorporates key and specialized examination, just as market news and an IPO library. But, be that as it may, it is ideal to see a more prominent variety with assets, for example, online courses and digital books. 

As mentioned before, the iTrade stage accompanies extra accessible incorporated apparatuses: 

  • iScreener – Equities research dashboard with 4-star hazard appraisals of stocks 
  • iFilter – Real-time alarms of Big Block Trades and huge market developments 
  • Stock Filter – Stock screener across 12 markets to channel exchanging openings 

The Viewpoint stage also uses the Thematic Investment Portfolio System (TIPS), a CFD research entry that permits customers to distinguish market patterns and topics.

CGS-CIMB Accounts

The record type you pick will rely upon the resource you are exchanging, and much of the time, dealers should contact client support to start account opening.

Forex Trading

For forex exchanging, there are three choices: Mini, Classic, and Accredited Investor. Note that everything records must be held in solitary base money of USD or SGD. 

The Mini record requests a 100 SGD beginning store, offering spreads from 0.3 pips and a base parcel size of 0.01 parts. There is a greatest exchanging breaking point of 0.5 features. 

The Classic record is focused on corporate customers and requires a 5,000 SGD starting store, 0.1 parts least request volume, and offers spreads from 0.7 pips. In addition, there is a limitless greatest request volume. 

The Accredited Investor account depends on qualification prerequisites and is portrayed by a 10,000 SGD introductory store, a base request volume of 0.1 parcels, a limitless greatest request volume, and spreads from 0.7 pips.

CFD Trading

For CFD contributing, clients should open a different CFD account that utilizes the Viewpoint stage. The base store to open a record is 2,000 SGD with ordinary spreads from 0.3 pips.

Securities Trading

For protection, clients can pick between a Cash Trading Account (CTA), Margin Trading Account (MTA), or Securities Borrowing and Lending (SBL). Subtleties of these should be mentioned in client care. 

Islamic Cross-Border Trading arrangements are likewise accessible by filling in an application structure.

Benefits

There are a few advantages to joining with CGS-CIMB: 

  • MT4, iTrade, and Viewpoint 
  • eWealth robo advisors 
  • Profit installments 
  • Scope of resources 
  • Tight spreads

Drawbacks

Reasons not to enlist for a CGS-CIMB account in this survey include: 

  • Just accessible in SGD or USD 
  • Restricted subsidizing techniques 
  • Complex gathering structure 
  • No digital forms of money 
  • No live visit

Trading Hours

Forex exchanging is accessible 24 hours per day, from 05:00 pm Sunday until 05:00 pm Friday (EST). Other working occasions fluctuate contingent upon the instrument exchanged. These can be found inside the stages or on the CGS-CIMB Securities site.

Customer Support

With the shortfall of live talk, merchants can just contact the agent between 8.30 am and 6.00 pm (SGT) Monday to Friday, through: 

  • Email address – clientservices.sg@cgs-cimb.com 
  • Telephone contact number hotline – 1800 538 9889 or +65 6538 9889 
  • Administrative center area – 50 Raffles Place, #01-01 Singapore Land Tower, Singapore 048623 

Client support specialists can assist with most issues, including logins suspended for failed to remember passwords to how to check account adjusts and resetting examiner reports. 

You could likewise attempt the dealer’s FAQ pages for news and data on their great administrations.

Trader Security

All accessible stages utilize discretionary two-factor confirmation, which empowers a One-Time Password upon login. Information trade inside the stages is additionally safely encoded.

CGS-CIMB Verdict

CGS-CIMB is an incredibly famous monetary administrations supplier with a great contribution of different items and web exchanging stages. There’s likewise a decent stockpile of extra examination instruments and client guides. In any case, amateurs may discover the administrations somewhat irritating, and the absence of store strategies might be restricting for a few.

Accepted Countries

CGS-CIMB acknowledges merchants from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most different nations.

Alternatives to CGS-CIMB

If you are searching for options in contrast to CGS-CIMB, we have arranged a rundown of the best 5 intermediaries that are like CGS-CIMB underneath. This rundown of specialists like CGS-CIMB is set by similitude and incorporates organizations that acknowledge brokers from your area. 

  • Infinox – Infinox is a UK-based merchant offering MT4 exchanging with tight spreads. 
  • Hantec Markets – Hantec Markets is a multi-managed online FX specialist offering MT4 and a custom-made help is giving colossal adaptability to suit any merchant. 
  • FXCC FXCC is a profoundly managed and reliable MT4 exchanging intermediary. 
  • LQDFX – LQDFX offers web-based exchanging with different STP records and MT4 examination apparatuses. 
  • HYCM – Trade on the monetary markets with minimal expense, utilized items at HYCM.

FAQ

Where is CGS-CIMB based? 

The dealer is settled in Singapore, with different branch areas in Kuala Lumpur, Jakarta, and Bangkok. Other worldwide areas incorporate London, Mumbai, and South Korea.

How can I contact CGS-CIMB? 

The intermediary can be reached by the contact number or email recorded on the local sites. Additionally, there is a focal managing work area hotline for the individuals who wish to submit a request on an overseas bourse (NYSE, AMEX, and NASDAQ) outside of available time.

How do I sign up for a CGS-CIMB live account and begin trading?

You can enroll for cash exchanging, edge exchanging, or CFD accounts through the online enlistment structure. You should give your complete name, contact subtleties and ID for a legitimacy check. For any remaining record types, you should email client administrations. To assist you with the beginning, the dealer gives MT4, Viewpoint, and iTrade client guides.

Is CGS-CIMB regulated? 

CGS-CIMB is managed by the Monetary Authority of Singapore, an exceptionally respected bank and administrative body in Asia.

How can I reset my CGS-CIMB account password? 

If your login has been suspended or you have failed to remember your secret word, you should email client care to reset it.

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