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CGS-CIMB iTrade Review 2024

4.68/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • MAS
Foundation date:
  • 1986
Oleg Tkachenko
Written by Oleg Tkachenko
Contributor
Dr. BJ Johnson
Reviewed by Dr. BJ Johnson
Editor
Mirjan Hipolito
Fact-checked by Mirjan Hipolito
Cryptocurrency and stock expert
Updated:
4.68/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • MAS
Foundation date:
  • 1986
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Our Evaluation of CGS-CIMB Securities

4.68/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

CGS-CIMB Securities is a broker with higher-than-average risk and the TU Overall Score of 4.68 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CGS-CIMB Securities clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Brief Look at CGS-CIMB Securities

CGS-CIMB iTrade is currently a partner of choice for more than 2600 corporate customers and 400000 retail customers worldwide. CGS-CIMB Securities is among leading Asian financial service providers with a long-standing practice of comprehensive market research and top-level products. The company is present in more than 20 countries of the world.

CGS-CIMB Securities Summary

💻 Trading platform: MetaTrade4, iTrade, Mobile
📊 Accounts: Mini Account, Classic Account, Accredited Investor Account
💰 Account currency: USD, SGD
💵 Replenishment / Withdrawal: Bank transfer/Telegraphic Transfer, Cheque
🚀 Minimum deposit: SGD 100
⚖️ Leverage: 5%
💼 PAMM-accounts: No
📈️ Min Order: 0.01 lot
💱 Spread: from 0.3 pips
🔧 Instruments: Forex, CFD, Securities, Bonds, Futures, ELNs
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: YES
➕ Affiliate program: No
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: NO

User Satisfaction

Score:
2.4/10

Share your experience

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KillianPefT
1 year ago

CGS-CIMB is a bad broker, they messed me up with the registration... but still passed it. Trading does not impress me here, requotes and freezes are frequent here. I haven’t withdrawn money yet, but for some reason I’m already worried, I think there will be problems with this.

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camillexi11
1 year ago

CGS-CIMB Securities lures with beautiful conditions, but in fact the conditions are very different from those that the company promises. The spread is simply elusive when trading. Especially at night, when it is difficult to control it. In general, horror.

0
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Farmonmn
1 year ago

Trading with CGS-CIMB Securities is a big risk. I don't trust this broker because I suspect he is dishonest about quotes. I specifically compared with another broker. After that, I left, I do not want to take part in the offer.

0
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JoshuaTrot
1 year ago

Terrible office! Unreasonable and incomprehensible requirements for account confirmation! Complete nonsense. They don't get in touch. The deposit was thrown, and the connection was lost with the broker! Looks like I'm not getting them back.

0
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Ricardovex
1 year ago

I want to write a negative review about CGS-CIMB! Hope it stays here and others can read it! I traded in this company, everything was fine, until it came to the withdrawal of money, I have not been able to withdraw funds for a month now. The reasons are not reported. I will try again to understand what the problem is. This is a very bad organization! If I manage to withdraw the money, I will try to forget it like a bad dream!

0
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AnthonyLig
2 years ago

It only takes $75 to open an account with CGS-CIMB Securities. The broker does not charge any additional commissions for trading on Forex, only the spread. However, there are much fewer instruments available than with European brokers - only 30 currency pairs. Currency, by the way, can only be traded in MT4. CGS-CIMB Securities offers other platforms, but they are designed for transactions on stock exchanges. Leverage is very small, there should be a decent supply of free capital. Technical and fundamental analysis, market reviews - all this for exchange products. Such a universal broker will suit someone, but I only trade in currencies, so for me the priority is the Forex intermediary.

0
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CARTANESE29669
3 years ago

These are pure scammers. Dear ones, don't get fooled. I lost a huge amount and now I don't know how to get it back.

0

Comparison of CGS-CIMB Securities with other Brokers

CGS-CIMB Securities RoboForex Pocket Option Exness FxPro Tickmill
Trading
platform		 iTrader, MetaTrader4, Web MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5, cTrader, FxPro Edge MT4, MT5, Tickmill Mobile App
Min deposit $100 $10 $5 $10 $100 $100
Leverage From 1:5 From 1:1
to 1:2000 		From 1:1
to 1:1000 		From 1:1
to 1:2000 		From 1:1
to 1:500 		From 1:1
to 1:500
Trust management No No No No No Yes
Accrual of % on the balance No No No No No No
Spread From 0.3 points From 0 points From 1.2 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out		 No 60%  /  40% 30%  /  50% No  /  60% 25%  /  20% 100%  /  30%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No No $30
Cent accounts No Yes No No No No
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Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko Author and expert at Traders Union
  • Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Learn about our editorial policies.

Dr. BJ Johnson
Dr. BJ Johnson Developmental English Editor
  • Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Mirjan Hipolito Cryptocurrency and stock expert
  • Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).