FX, also known as foreign exchange, is an over-the-counter (OTC) product that has no central exchange, unlike commodities or stocks.
Trade with one of the most liquid markets in the world, with an average daily volume of 5.1 trillion US Dollars, as per the Bank of International Settlements triennial report of 2016. It is the global market that allows exchange of one currency for another, traded worldwide 24 hours a day, five and a half days a week (24/5).
Participants in FX market include central banks, banks, commercial firms, asset managers, hedge funds, and individual investors.
LFX is a leveraged trading instrument. Trading on leverage allows you to potentially see significant returns in your profits. Margin trading provides you more exposure in the market, while keeping your capital investment low.
Why trade this product with CGS-CIMB Securities?
Expert support on technical assistance, market analysis and dealing whenever global markets are open.
Speak to our sales traders Monday to Friday 24 hours a day.
Available offerings for this product
To open an Individual/Joint Account, you will need to provide us with the following documents:
(certified true copy*)
(with 6 months validity)
|A copy of Utility Bill or Bank Statement as proof of residential address
(Bill or Statement must be issued within the last 3 months)
|Documentary proof of a Professional Trader
- Direct Membership with SGX-DT (if applicable)
Singapore PR: Singapore Permanent Resident
* Supporting documents have to be certified true copy by:
- CGS-CIMB Securities’ Authorised Personnel; or
- Notary Public officially registered with the country’s governmental institution
(Please provide name and contact number of the Notary Public).
To open a Corporate trading account, please download the forms here.
Individual / Joint / Corporate / Accredited Investor Account on MetaTrader4:
CGS-CIMB offers various types of trading accounts to better fit the different needs of our clients.
You can only choose one account type and your preferred account base currency.
|Account Types||Mini||Classic||Accredited Investor|
|Initial Deposit (SGD or equivalent)||100||5,000||10,000|
|Spread From (pips)||0.3||0.7||0.7|
|Voice Order||N/A||N/A||1 pip|
|Minimum Order Volume / Lot Size||1,000
|Maximum Order Volume / Lot Size||50,000
|Account Base Currency**||SGD/USD||SGD/USD||SGD/USD|
|Interest on Account Balance||0||0||0|
|Contract Size||1 lot =
|1 lot =
|1 lot =
|Minimum Incremental Order Volume / Lot Size||1,000
* For Corporate clients, only Classic account type is available.
Our MT4 accounts are Single Currency Accounts. The Account Base Currency that you have chosen will be the currency in which your account balance is held. All trades will be settled in your account base currency. Fund deposits and withdrawals will only be available in your account base currency.
Commissions may apply to bespoke arrangements.
You can deposit funds into your trading account through several payment methods:
- Bank transfer/Telegraphic Transfer
For more detailed information on funding methods, please see our Standard Settlement Instruction.
Funds will need to be sighted and cleared first before they are deem available for trading Margin stop-outs cannot be postponed based on any incoming funds that have not been cleared and booked into your trading account.
Open an account now
1800 6227272 / (65) 62108453
Download our registration form and mail it to the desired branch with all the enclosures.
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