What is CGS-Cimb.com?
CGS-Cimb.com is an online trading platform that offers a wide range of products and services to its clients. It is one of the most popular online brokers in the world and offers its services to traders from all over the globe, including the United States. The company is headquartered in Singapore and is regulated by the Monetary Authority of Singapore.
The platform provides its clients with a powerful trading tool called the CGS-CIMB Trader Workstation, which gives them access to real-time market data, news, analysis, and Charting tools. The company also offers a mobile trading app for both Android and iOS devices.
CGS-Cimb.com provides its clients with a wide range of tradable assets including forex pairs, stocks, indices, commodities, and cryptocurrencies. The company charges a commission on each trade that is executed on its platform.
The Different Types of Accounts Offered
There are three types of account offered by CGS-Cimb:
1. The Standard Account
The standard account is the most basic account type offered by CGS-Cimb. It requires a minimum deposit of $500 and allows you to trade in all of the assets available on the platform. The standard account comes with a leverage of 1:200 and a spreads from as low as 0.0 pips.
2. The Premium Account
The premium account is the next level up from the standard account. It requires a minimum deposit of $5,000 and gives you access to all of the same assets and features as the standard account. However, the premium account comes with a higher leverage of 1:400 and spreads from as low as 0.0 pips.
3. The VIP Account
The VIP account is the highest level account offered by CGS-Cimb. It requires a minimum deposit of $25,000 and gives you access to all of the same assets and features as the standard and premium accounts. However, the VIP account comes with a higher leverage of 1:500 and spreads from as low as 0 pips.
The Pros and Cons of Trading with CGS-Cimb.com
CGS-Cimb.com is an online trading platform that offers a wide range of financial instruments for traders around the world. The company is headquartered in Singapore and is regulated by the Monetary Authority of Singapore.
The website provides a user-friendly platform that is suitable for both novice and experienced traders. The platform offers a variety of features, including live market quotes, advanced charting tools, real-time news feed, and economic calendar. CGS-Cimb.com also provides a mobile trading app for Android and iOS devices.
Account Types
CGS-Cimb.com offers three types of trading accounts: Standard, Premium, and VIP. The Standard account requires a minimum deposit of $500 and gives access to all the features of the platform except for certain advanced features such as price alerts and one-click trading. The Premium account requires a minimum deposit of $5,000 and gives access to all the features of the platform including advanced features such as price alerts and one-click trading. The VIP account requires a minimum deposit of $50,000 and gives access to all the features of the platform including priority withdrawals and dedicated customer support.
Commissions & Fees
Trading commissions on CGS-Cimb.com are very competitive when compared to other online brokers. Standard account holders are charged a commission of $6 per round turn lot (100k), while Premium and VIP account holders are charged a lower commission rate of $3 per
Is CGS-Cimb.com a Legit or Scam Brokerage Firm?
CGS-Cimb is a brokerage firm that is based in Malaysia. It is regulated by the Malaysian Securities Commission. The company offers online trading services for forex, CFDs, and precious metals. It also provides Islamic accounts and operates in compliance with Sharia law.
The company has been in business since 2011 and has a good reputation in the industry. However, there are some complaints about its customer service and spreads. Overall, CGS-Cimb is a legit and safe broker to use.
Does CGS-Cimb.com Accept USA Traders?
CGS-Cimb.com is a popular online broker that offers trading in a wide range of assets, including forex, commodities, stocks, and indices. The broker is headquartered in Singapore and is regulated by the Monetary Authority of Singapore.
The broker does not accept traders from the USA. This is because CGS-Cimb.com is not registered with the US Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA). As such, it cannot legally accept clients from the USA.
If you are a US trader looking for a reputable and reliable broker, we recommend checking out our list of CFTC-regulated brokers.
Conclusion
From what we can tell, CGS-Cimb.com is a legit forex broker that accepts USA traders. They offer a variety of account types and seem to have good customer service. However, we would like to see more information on their website before making a final decision. If you are considering opening an account with them, we recommend doing more research to make sure they are the right broker for you.