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Overall CGS CIMB is considered low-risk with an overall rating of 7 out of 10. CGS CIMB is authorized and regulated by the MAS and offers a maximum leverage ratio of 1:20
CGS CIMB at a Glance
| ? Broker’s Name | CGS CIMB |
| ? Headquartered | Singapore |
| ? Year Founded | Not indicated |
| ⚖️ Regulating Authorities | Monetary Authority of Singapore (MAS) |
| ? Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | Yes |
| ? Demo Account | Yes |
| ? Institutional Accounts | Yes |
| ? Managed Accounts | Yes |
| ? Maximum Leverage | 1:20 |
| ? Minimum Deposit | 100 SGD / R 1185,00 |
| ? Deposit Options | Cash payment, online transfer via PayNow, bank transfer, or cheque |
| ? Withdrawal Options | Cash payment, online transfer via PayNow, bank transfer, or cheque |
| ? Platform Types | iTrade, MetaTrader 4, Viewpoint |
| ? OS Compatibility | Desktop, Web, iOS, and Android |
| ? Tradable assets offered | FX, Metals, CFDs, Stocks, and Futures |
| ?? Languages supported on Website | English, Chinese |
| ? Customer Support Languages | English, Chinese |
| ? Customer Service Hours | 08.30 to 18.00 (SGT) Monday to Friday. |
| ? Open an Account | ? Click Here |
Choose your quick section of our CGS CIMB review below.
CGS CIMB Review – 20 key points quick overview:
CGS-CIMB Overview- CGS-CIMB Safety and Security
- CGS CIMB Leverage
- CGS CIMB Accounts
- CGS CIMB Market instruments
- CGS CIMB Fees
- CGS CIMB Deposit and withdrawal
- CGS CIMB Trading platforms
- How to open a CGS CIMB account step by step
- CGS CIMB Customer support
- CGS CIMB Education
- CGS CIMB Research
- CGS CIMB Awards
- CGS CIMB Current Popularity Trend
- CGS CIMB vs Etoro vs XM – Comparison Table
- CGS CIMB Pro and cons
- Conclusion
- Disclaimer
- CGS CIMB Risk Management
- Frequently Asked Questions
CGS CIMB has advanced trading features and an award-winning research team helping traders successfully navigate the market.
CGS-CIMB Overview
According to research in South Africa CGS-CIMB is a Singapore-based broker offering to trade in forex, CFDs, futures, securities, and others.
The broker is headquartered in Singapore, with branches in Kuala Lumpur, Jakarta, Bangkok, London, Mumbai, and South Korea.
CGS-CIMB provides cross-platform trading on the MT4, iTrade, and Viewpoint platforms and provides financial instruments to over 2 600 institutional clients and 400 000 retail clients.
CGS-CIMB accepts traders from Australia, Thailand, Canada, the United States, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.
CGS-CIMB Safety and Security
One of the best benchmarks to measure the safety of a broker like CGS-CIMB is to establish which regulating authorities are watchdogs over its actions.
CGS-CIMB is a member of Singapore Exchange Limited (SGX) and is regulated by the Monetary Authority of Singapore. As per the Securities and Futures Regulations, the broker keeps client funds in segregated trust accounts.
The MAS not only prioritizes client fund safety but also strives to educate consumers on the risks of financial services through the MoneySENSE education program that was thus launched in 2003 to protect investors.
All available platforms use optional two-factor authentication, which enables a One-Time Password when logging in. Data exchange within the platforms is also securely encrypted.
CGS CIMB Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. If you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g., 5% or 1%), and you must have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
For forex products, CGS-CIMB offers a maximum leverage ratio of 1:20 and for CFDs on equities, you can leverage up to 1:10. A breakdown of CFD margin requirements is provided on the website.
CGS CIMB Accounts
A forex account at CGS-CIMB is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
CGS-CIMB offers the following types of accounts:
The broker does not state clearly whether any general demo accounts are available, but it offers a 14-day free trial of the trade stocks trading platform, although also not in all jurisdictions.
The account type you choose will depend on the asset you are trading, and, in most cases, traders will need to contact customer service to initiate an account opening.
There are three options for forex trading: Cash, Margin, and Securities Borrowing. All accounts can only be held in a single base currency of USD or SGD.
? Cash Trading account
- 100 SGD initial deposit,
- offers spread from 0.3 pips
- minimum lot size of 0.01 lots
- maximum trading limit of 0.5 lots.
?Margin Trading account
- aimed at corporate clients
- requires a 5 000 SGD initial deposit
- 0.1 lots minimum order volume
- and offers spreads from 0.7 pips.
- maximum order volume is unlimited.
?Securities Borrowing account
- requires a 10 000 SGD initial deposit
- has spread from 0.7 pips
- a minimum order volume of 0.1 lots
- and an unlimited maximum order volume
CFD investors must open a separate CFD account that uses the Viewpoint platform. The minimum deposit to open this account is 2 000 SGD and spreads are typical from 0.3 pips.
For Securities trading, users can choose between a Cash Trading Account (CTA), Margin Trading Account (MTA), or Securities Borrowing and Lending (SBL). Details of these can be requested from customer support.
Islamic Cross-Border Trading solutions are also available on the application.
CGS CIMB Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a significant role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a significant role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
CGS-CIMB offers the following of the above:
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
CGS CIMB Fees
Cost depends on several factors, like spread and margins, and CGS-CIMB clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
CGS-CIMB offers commission-free FX trading with spreads starting as low as 0.3 pips in the starter account and 0.7 pips in the other accounts.
If you are trading FX CFDs, target spreads are 0.36 pips for EUR/USD and 1 pip for FTSE 100. Fees are charged at 0.4 pips. For CFD shares, all-in commissions are charged from 0.20%, plus a 3.75% +/- base rate financing fee.
CGS CIMB Deposit and withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
In the case of CGS-CIMB, the following minimum deposit requirements are:
Mini account – 100 SGD.
Classic account 5 000 SGD.
Accredited Investor account – 10 000 SGD.
Deposits for the Mini, Classic, or Accredited Investor FX accounts can only be done via digital bank transfer or cheque. The broker does not charge any fees, but bank charges may apply in some cases. Fund deposits are only available in the base currency of the account (SGD or USD) and if deposits are made in a different currency, a non-refundable conversion will be applied.
Funding of the CFD account can be done via a cash payment, online transfer via PayNow, bank transfer, or cheque. Traders can only withdraw excess funds in a CFD account if their 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.
CGS CIMB Trading platforms
The forex trading platform provided by CGS-CIMB to its clients is the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
iTrade
CGS-CIMB provides a proprietary web-based platform, iTrade, offering real-time pricing, market news, fundamental reporting features, and more. The platform comes with 77 pre-built indicators and drawing tools, plus free access to the intuitive investing tools screener, iFilter, and Stock Filter.
Professional users can also opt for iTradePro, with advanced features like customizable strategy analysis, multiple charts and timeframes, back-testing with unlimited combinations, Market Streamers to uncover opportunities, and advanced technical charting tools.
MetaTrader 4
MT4 is a favorite among retail and professional forex traders due to its low latency and fast execution. Traders can execute several order types including stop limits and trailing stops, can explore automated strategies, and conduct advanced price analysis with dozens of technical indicators and graphics.
Viewpoint
Viewpoint, accessible via a desktop browser, is the largest Direct Market Access (DMA) CFD provider, offering access to over 14 000 counters across 20 markets.
It is highly customizable with many widgets for different preferences, a range of powerful charting tools, advanced order management and real-time risk management tools.
CGS-CIMB offers mobile app versions of all its platforms, so users can access their investment portfolios and real-time information from anywhere.
How to open a CGS CIMB account step by step
To set up and registering for an Account with CGS CIMB is a straightforward process and you can do it as follows:
To apply, you must click on the ‘CREATE AN ACCOUNT button on the CGS-CIMB iTrade website and proceed.
Step 1 – Create an Account
Step 2 – Fill out the form
Similarly, to a bank, to register a forex trading account with CGS-CIMB for the first time, you will be required to go through a basic “know your customer” process, which will allow CGS-CIMB to ascertain that your submitted details and ensure the safety of your funds and account details.
With CGS-CIMB you may sign up for an account if you are 18 years or older, not an undischarged bankrupt, and has no delinquent records with any stockbroking companies in Singapore.
CGS CIMB Customer support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of CGS-CIMB customers can reach the support team via email or a telephone hotline but there is no live chat option.
Traders can only contact the broker between 08.30 and 18.00 (SGT) Monday to Friday.
They could also try the broker’s FAQ pages for news and information.
CGS CIMB Education
Before starting to trade, potential clients of CGS-CIMB should avail themselves of all the information and trading skills needed to be successful in the world of forex and commodity trading.
CGS-CIMB offers a knowledge center with fundamental and technical analysis, as well as market news and an IPO library. There is a limited diversity of resources, lacking webinars and e-books.
CGS CIMB Research
To be able to trade with confidence, traders should do as much as research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they do not lose money unnecessarily and trade as profitably as possible.
With CGS-CIMB the iTrade platform comes with the following additional free integrated tools:
screener – Equities research dashboard with 4-star risk ratings of stocks
iFilter – Real-time alerts of Big Block Trades and large market movements
Stock Filter – Stock screener across 12 markets to filter trading opportunities
The Viewpoint platform also utilizes the Thematic Investment Portfolio System (TIPS), a CFD research portal that allows clients to identify market trends and themes.
CGS-CIMB provides daily in-depth research reports and market insights, with which investors can stay up to date with of the latest developments in the respective markets.
CGS CIMB Awards
Being an awarded company instills extra confidence in traders. Although CGS CIMB is acclaimed by customers, there is no indication of awards won on its homepage.
CGS CIMB Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “CGS CIMB” is entered into Google’s search engine over a given period of time.
CGS CIMB vs Etoro vs XM – Comparison Table
| ? Broker | ? CGS CIMB | ? eToro | ? XM |
| ? Minimum Deposit | 100 SGD / R 1185,00 | $1000 USD | $5 USD |
| ? Sign-Up Bonus | Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:20 | 1:400 | 1:888 |
| ? Currency Pairs | – | 47 | 57 |
| ? Open an Account | ? Click Here | ? Click Here | ? Click Here |
CGS CIMB Pro and cons
| ✔️ Pros | ❌ Cons |
| Dividend payments | Limited funding methods |
| MT4, iTrade, and Viewpoint as platform | MT4, iTrade, and Viewpoint as platform |
| Range of assets to trade | No live chat |
| Tight spreads | Only available in SGD or USD |
Conclusion
Overall, CGS CIMB is trustworthy to invest in and utilize its trading services. CGS CIMB provides the popular Metatrader4 (MT4) with its advanced features as a trading platform. Capital Investment Brokers have a Maximum Leverage of 1:20.
Disclaimer
CGS-CIMB warns potential customers that Forex and CFD trading always carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with CGS-CIMB, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
CGS-CIMB warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence CGS-CIMB cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
CGS CIMB Risk Management
CGS-CIMB Securities is a securities firm that provides a range of financial services including risk management. Risk management refers to the process of identifying, assessing, and mitigating potential risks that may impact an organization or investment.
This can include market risk, credit risk, operational risk, and other types of risks. CGS-CIMB Securities may provide risk management services to clients through a variety of methods such as portfolio diversification, hedging strategies, and risk monitoring. The specifics of the risk management services offered by CGS-CIMB Securities will depend on the specific needs of the client.
Frequently Asked Questions
How many instruments can I trade with CGS-CIMB?
You can trade several different instruments with CGS-CIMB, which include the following:
FX
Futures
Wealth management assets
Securities
Bonds
Which platforms are supported by CGS-CIMB?
CGS-CIMB provides the following popular trading platforms:
iTrade
MetaTrader 4
Viewpoint
Does CGS-CIMB offer leverage?
Yes, CGS-CIMB offers maximum leverage of 1: 20
Does CGS-CIMB charge a commission?
More information on commissions can be obtained from the customer support service.
What is the overall rating out of 10 for CGS-CIMB?
7/10.
Featured SA Shares Writer and Forex Analyst.
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