CGS International provides commission-free Forex trading and access to US Stocks and ETFs with a fee of 20 SGD. The broker utilizes ViewPoint platform to offer up to 1:10 leverage on Equities CFDs.
CGSI was awarded the title of Best Domestic Broker in Singapore and Malaysia in Finance Asia 2023 awards.
CGS International; Company Information and Regulation
CGS International Securities Pte. Ltd. (CGSI) provides leveraged instruments, investment banking, money management, and currency/commodities trading in more than 15 countries.
The broker operates under the umbrella of its parent company, China Galaxy Securities. Key features of CGS International:
- Over 15M clients (along with its parent organization)
- Registered in Singapore with Reg No. 200506890E
- Group CEO: Carol Fong
The CGSI Group is regulated by multiple financial authorities in various jurisdictions, including:
- Monetary Authority of Singapore (MAS)
- Securities and Futures Commission Hong Kong (SFC)
- Securities and Exchange Board of India (SEBI)
- Financial Services Authority (FSA) of Indonesia
- Securities Commission Malaysia (SCM)
- Financial Services Commission (FSC) and Financial Supervisory Service of South Korea
- Securities and Exchange Commission Thailand (SEC)
CGS International Broker Specific Features
CGSI has a presence across 15+ countries, including Singapore, England, the USA, and China. Let’s see what features the Forex Broker brings to the table.
Broker | CGS International |
Account Types | iCash, Margin, CFD |
Regulating Authorities | MAS, SFC, SEBI, FSA, SC, FSC, SEC |
Based Currencies | USD, SGD, AUD, HKD, MYR, EUR, GBP |
Minimum Deposit | 100 SGD |
Deposit Methods | Bank Transfer, PayNow, Cheque |
Withdrawal Methods | Bank Transfer |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:3.5 on Margin Fixed 3 to 7 on derivatives 10 on DMA Equities CFDs 5% on Forex |
Investment Options | Fixed Income Products, Wealth Management |
Trading Platforms & Apps | iTrade, Viewpoint, ProsperUs |
Markets | Equities, Leveraged Products, Futures, Bonds |
Spread | From 0.3 pips on Forex CFDs |
Commission | Variable based on the instrument |
Orders Execution | N/A |
Margin Call / Stop Out | N/A |
Trading Features | Trading Tools (e.g., iScreener, iFilter, Stock Filter), Mobile Trading |
Affiliate Program | No |
Bonus & Promotions | No |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Email, Phone Call |
Customer Support Hours | 8:30 am to 5:30 pm SGT (Mon - Fri) |
What Are the Account Offerings?
The broker offers various accounts for different products. It has an exclusive account for margin trading, one for securities, and another for CFD trading.
- iCash: Trade Shariah-compliant stocks with competitive commission rates across 5 major exchanges, including SGX, HKEX, NASDAQ, AMEX, and NYSE;
- Margin: Use leverage options of up to 1:3.5 to trade shares on SGX, BURSA, HKEX and US;
- CFD: Trade CFDs on Futures, DMA Equities, Cash Index, and FX with a minimum deposit requirement of 2,000 SGD;
The broker also provides Forex trading through its 3 account types with different leverage options, spreads, and initial deposit requirements, including:
Features | Mini | Classic | Accredited Investor |
Min Deposit | 100 SGD | 5,000 SGD | 10,000 SGD |
Spreads from | 0.3 pips | 0.7 pips | 0.7 pips |
Commission | $0 | $0 | $0 |
Leverage | 5% | 5% | 2% |
Min Order Size | 0.01 lots | 0.1 lots | 0.1 lots |
Max Order Size | 0.5 lots | Unlimited | Unlimited |
Account Opening and Verification
We must mention in this CGS International review that while opening an account, you’ll have to choose between CFD or iCash/Margin accounts.
- Visit the broker’s official website;
- Click “Apply Online”;
- Choose Contract for Differences for a CFD account;
- Provide personal details;
- Adjust the account settings;
- Provide proof of ID (Passport) and Proof of residence (bank statement, utility bill, or driving license).
CGS International Platforms
The broker offers 3 sophisticated online trading platforms designed to cater to the diverse needs of individual investors.
While iTrade and ProsperUs are among their offerings, the Viewpoint platform stands out as a particularly robust solution.
iTrade
ProsperUS
Viewpoint
Fees and Commissions Explained
CGS-CIMB Securities offers a transparent but rather complex fee system across its various asset classes, including:
Asset Type | Fees |
US Stocks & ETFs | 20 SGD |
SG Stocks & ETFs | 25 SGD |
CFD Stocks & ETFs | As low as 0.20% |
CFD Forex | Spreads as low as 0.3 pips |
CFD Bonds | As low as 20% |
CGS International Broker Funding & Withdrawal
CGS International, as a leading integrated financial services provider in Asia, offers a range of funding and withdrawal options to cater to its diverse global client base, including:
- Bank Transfer
- PayNow
- Cheque
Investment and Growth Plans
While the broker doesn’t offer copy trading or social trading services, it provides access to a wide range of fixed-income products and instruments, such as:
- Stocks and Shares
- Bonds
- ETFs (Fullgoal Vietnam 30 Sector Cap and Fullgoal CSI 1000)
The broker also offers wealth management and investment consultation on various products, including:
- Global Equities
- Investment Funds
- Structured Products
CGS International Partnership Program
The broker’s official website doesn't specifically mention a partnership program for affiliates or IBs.
However, upon creating a trading account, you’ll be asked to enter an IB code (optional). Therefore, the broker must offer an Introduction Broker service.
For detailed information about the program, you should contact support.
Customer Support
While CGS-CIMB provides a hotline and email for support, it truly lacks a live chat feature. Here’s a quick look at the broker’s contact details:
clientservices.sg@cgsi.com | |
Tel | +65 6538 9889 |
Fax | +65 6225 1228 |
Address | 10 Marina Boulevard, #09-01 Marina Bay Financial Centre Tower 2, Singapore 018983 |
The broker’s operating Hours are from 8:30 am to 5:30 pm SGT on weekdays (excluding weekends and public holidays).
CGS International User Satisfaction
CGSI doesn’t have a profile on reputable review websites like Trustpilot and REVIEWS.io. However, 12 people have rated the broker on Google Reviews, giving it a total score of 3.7 out of 5.
Conclusion and Final Words
CGS International provides access to 30+ markets, including Bonds with a minimum investment requirement of 100,000 SGD and Forex with an initial deposit requirement of 100 SGD.
CGS International broker operates in 15+ countries, including Singapore and the USA, and it has a trust score of 3.7 on Google Reviews.
