- MAS
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CGS-CIMB iTrade Review 2024
- MAS
- 0%
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Summary of CGS-CIMB Securities Trading Company
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. CGS-CIMB Securities ranks 148 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
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.
💰 Account currency: | USD, SGD |
---|---|
🚀 Minimum deposit: | SGD 100 |
⚖️ Leverage: | 5% |
💱 Spread: | from 0.3 pips |
🔧 Instruments: | Forex, CFD, Securities, Bonds, Futures, ELNs |
💹 Margin Call / Stop Out: | No |
Evaluation of the most influential parameters of CGS-CIMB Securities
Trade with this broker, if:
- You prioritize low commissions and low trading costs, as CGS-CIMB Securities offers competitive commissions, especially for retail investors using their Cash Upfront account. This means you can make more trades without worrying about high fees eating into your profits.
- You value a wide range of investment options as CGS-CIMB Securities gives you access to a diverse array of investment opportunities. Whether you're interested in stocks, bonds, ETFs, unit trusts, or structured products, they have you covered across various markets.
- You appreciate research and educational resources as for investors seeking valuable insights and knowledge to inform their decisions. CGS-CIMB Securities provides extensive research reports, market analysis, and educational materials. This support empowers you to make informed investment choices and navigate the markets with confidence.
Do not trade with this broker, if:
- You prioritize US stock ownership. While they do offer some exposure to US stocks, the main focus of this broker lies in Asian markets. Consider a broker specializing in US markets for a more tailored approach to investing in American companies.
Geographic Distribution of CGS-CIMB Securities Traders
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Dynamics of CGS-CIMB Securities’s popularity among
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Trading Conditions for CGS-CIMB Securities Users
💻 Trading platform: | MetaTrade4, iTrade, Mobile |
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📊 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 |
Comparison of CGS-CIMB Securities with other Brokers
CGS-CIMB Securities | RoboForex | Pocket Option | Exness | Octa | Vantage Markets | |
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 | MetaTrader4, MetaTrader5 | MT4, MT5, WebTrader, Mobile Apps |
Min deposit | $100 | $10 | $5 | $10 | $25 | $50 |
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 | No |
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 0.6 points | From 0 points |
Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 25% / 15% | 100% / 50% |
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 | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
CGS-CIMB Securities | RoboForex | Pocket Option | Exness | Octa | Vantage Markets | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | No | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | Yes | No |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | No | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | No | Yes | No | No | No | No |
Options | No | No | No | No | No | No |
Contacts
Foundation date | 1986 |
Registration address | 50 Raffles Place, #01-01 Singapore Land Tower Singapore 048623 |
Regulation |
MAS Licence number: 198701621D |
Official site | cgs-cimb.com |
Contacts |
Email:
clientservices.sg@cgs-cimb.com,
Phone: 1800 538 9889 ; +65 6538 9889 |
Articles that may help you
FAQs
Do reviews by traders influence the CGS-CIMB Securities rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about CGS-CIMB Securities you need to go to the broker's profile.
How to leave a review about CGS-CIMB Securities on the Traders Union website?
To leave a review about CGS-CIMB Securities, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about CGS-CIMB Securities on a non-Traders Union client?
Anyone can leave feedback about CGS-CIMB Securities on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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