CGS CIMB Account Type
CGS CIMB offers several types of trading accounts to cater to a variety of investor needs:
- Mini Account
- Minimum Deposit: SGD 100
- Spread: From 0.3 pips
- Leverage: 5%
- Minimum Order Volume: 1,000 (0.01 lot)
- Maximum Order Volume: 50,000 (0.5 lot)
- Base Currency: SGD or USD
- Classic Account
- Minimum Deposit: SGD 5,000
- Spread: From 0.7 pips
- Leverage: 5%
- Minimum Order Volume: 10,000 (0.1 lot)
- Maximum Order Volume: Unlimited
- Base Currency: SGD or USD
- Accredited Investor Account
- Minimum Deposit: SGD 10,000
- Spread: From 0.7 pips
- Voice Order: 1 pip
- Leverage: 2%
- Minimum Order Volume: 10,000 (0.1 lot)
- Maximum Order Volume: Unlimited
- Base Currency: SGD or USD
These accounts allow investors to trade various financial instruments including forex, commodities, stocks, and CFDs.
CGS CIMB Broker Account Opening Process
To open a trading account with CGS CIMB, follow these steps:
- Eligibility Requirements:
- You must be at least 18 years old to open a trading account.
- For a Contracts for Difference (CFD) trading account, you need to be at least 21 years old.
- A Central Depository (CDP) account is required if you wish to trade Singapore-listed shares.
- Documentation Needed:
- Identification documents (NRIC or passport).
- Proof of residential address (utility bill or bank statement dated within the last three months).
- Additional documents may be required depending on the account type.
CGS-CIMB accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .