Introduction
CGS-CIMB is a Singapore-based investment bank that was founded in 1968. The firm provides a wide range of services, including equity research, sales and trading, and corporate finance. In this review, we will take a look at the company’s regulations, platforms, pros and cons, as well as traders’ ratings.
Review of CGS-CIMB
CGS-CIMB is a Singaporean investment bank that offers a wide range of products and services for both individuals and businesses. They are one of the few banks in Singapore that offer a comprehensive suite of investment products and services, including equity and fixed income trading, derivatives, structured products, wealth management, and more.
The CGS-CIMB team is led by CEO Lim Eng Beng and Executive Chairman Richard Tan. The bank has a strong focus on technology, which is evident in their online platform and mobile app. They offer a user-friendly platform with a wide range of features, making it one of the best online platforms in Singapore.
However, there are some drawbacks to CGS-CIMB. Firstly, their customer service has been known to be slow and unresponsive at times. Secondly, they have been known to charge higher fees than some of their competitors. Overall, however, CGS-CIMB is a strong bank with a lot to offer its clients.
Regulatory Overview
The Commodity Futures Trading Commission (CFTC) is the regulatory body for futures and options markets in the United States. The CFTC’s mission is to protect market users and the public from fraud, manipulation, and abusive practices related to derivatives and other products that are traded on U.S. exchanges.
The CFTC oversees two types of markets: commodity futures and options markets, which trade standardized contracts on central exchanges; and swaps markets, which are bilateral agreements between two counterparties.
The CFTC has broad authority over both futures and swaps markets. With respect to futures markets, the CFTC has authority to regulate contract design, trading practices, clearing, settlement, and market surveillance. With respect to swaps markets, the CFTC has authority to set margin requirements, impose position limits, prohibit fraud and manipulation, and require reporting of swap transactions.
In addition to its regulatory oversight role, the CFTC also promotes market integrity by enforcing rules designed to protect investors and ensure fair market competition.
Trading Platforms
CGS-CIMB Securities offers its clients a choice of three different trading platforms: the CGS-CIMB iTrade platform, the POEMS platform, and the CGS-CIMBnese platform.
The CGS-CIMB iTrade platform is a web-based platform that is suitable for both beginner and experienced investors. It offers a simple interface and a wide range of features, including real-time quotes, charts, news, and analysis. The platform also allows users to trade stocks, options, futures, and forex.
The POEMS platform is a more advanced trading platform that is suitable for active traders. It offers a wide range of features, including real-time quotes, charts, news, and analysis. The platform also allows users to trade stocks, options, futures, and forex.
The CGS-CIMBnese platform is a Chinese language trading platform that is suitable for Chinese investors. It offers a simple interface and a wide range of features, including real-time quotes, charts, news, and analysis. The platform also allows users to trade stocks, options, futures
Pros and Cons
When it comes to online brokerages in Singapore, CGS-CIMB is one of the most popular options. In this CGS-CIMB review, we will take a look at the brokerage’s regulations, platforms, pros and cons, and traders’ ratings.
Regulations:
CGS-CIMB is regulated by the Monetary Authority of Singapore (MAS). This means that the brokerage is subject to strict financial regulations and must meet high standards of operation. This gives traders peace of mind knowing that their funds are safeguarded.
Platforms:
CGS-CIMB offers two main trading platforms – TradeStation and MetaTrader 4 (MT4). Both platforms are user-friendly and offer a range of features and tools. TradeStation is ideal for advanced traders who need access to powerful analytical tools. MT4 is more suited for beginner traders who want a simple platform with basic features.
Pros:
Some of the main advantages of trading with CGS-CIMB include low commissions, fast execution speeds, and access to global markets. The brokerage also offers a wide range of account types so that traders can find an account that suits their needs.
Cons:
Despite its many advantages, there are some drawbacks to using CGS-CIMB as your online broker. One downside is that the company does not offer any rebates or bonuses. Another potential negative is that customer support can be slow to
Trader Ratings
CGS-CIMB is one of the leading online brokerages in Singapore. It is regulated by the Monetary Authority of Singapore (MAS) and offers a wide range of investment products and services to its clients.
The brokerage has been awarded numerous times for its innovative products and excellent service. In 2015, it was named the “Best Online Stockbroker” by Investment Trends Singapore.
CGS-CIMB’s trading platform is user-friendly and offers a variety of features, including real-time quotes, news, charts, and analysis tools. The platform is available in English, Chinese, and Bahasa Malaysia.
The brokerage offers competitive commissions and fees. For example, it charges S$25 for stock trades and S$10 for ETF trades. It also offers discounts for active traders.
Pros:
– Wide range of investment products and services
– User-friendly trading platform with useful features
– Competitive commissions and fees
– Excellent customer service
Cons:
– Limited research resources
Conclusion
CGS-CIMB is a reliable, regulated online broker with a good selection of tradable assets and competitive fees. However, its trading platforms are not the most user-friendly, particularly for beginners. If you’re looking for an online broker that offers good value for money and a wide range of features, CGS-CIMB is definitely worth considering.