Leveraged Products

Forex

 

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 International Securities?

Available offerings for this product

Initial deposit – SGD 100
 
Spread from 0.3 pips
5% Leverage
 
Minimum Order Volume / Lot Size – 1,000 (0.01 lot)
Maximum Order Volume / Lot Size – 50,000 (0.5 lot)
 
*This is a Single Currency Account. The Account Base Currency that you have chosen (either USD or SGD) 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.
Initial deposit – SGD 5,000
 
Spread from 0.7 pips
5% Leverage
 
Minimum Order Volume / Lot Size – 10,000 (0.1 lot)
Maximum Order Volume / Lot Size – Unlimited
 
* For Corporate clients, only Classic account type is available.
 
**This is a Single Currency Account. The Account Base Currency that you have chosen (either USD or SGD) 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.
Initial deposit – SGD 10,000
 
Spread from 0.7 pips
Voice Order – 1 pip
2% Leverage
 
Minimum Order Volume / Lot Size – 10,000 (0.1 lot)
Maximum Order Volume / Lot Size – Unlimited
 
*Subject to eligibility requirements as defined for Accredited Investor under section 4A of the Securities and Futures Act(Cap. 289)
 
**This is a Single Currency Account. The Account Base Currency that you have chosen (either USD or SGD) 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.

Supported platform

MetaTrader 4

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005.
  Learn More

FAQs

To open an Individual/Joint Account, you will need to provide us with the following documents:


Supporting Documents
(certified true copy*)
Singaporean /
Singapore PR
Malaysian Foreigner
NRIC  
Passport
(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:

  1. CGS International Securities’ Authorised Personnel; or
  2. 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 International 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
Commission 0 0 0
Voice Order N/A N/A 1 pip
Leverage 5% 5% 2%
Minimum Order Volume / Lot Size 1,000
(0.1 lot)
10,000
(0.1 lot)
10,000
(0.1 lot)
Maximum Order Volume / Lot Size 50,000
(0.5 lots)
Unlimited Unlimited
Account Base Currency** SGD/USD SGD/USD SGD/USD
Interest on Account Balance 0 0 0
Contract Size 1 lot =
100,000
1 lot =
100,000
1 lot =
100,000
Minimum Incremental Order Volume / Lot Size 1,000
(0.01 lot)
10,000
(0.1 lot)
10,000
(0.1 lot)

 

* 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:

 

  1. Bank transfer/Telegraphic Transfer
  2. Cheque

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

Simply contact CGS International Securities to request for an account opening pack.

1800 538 9889 / (65) 62108453

clientservices.sg@cgsi.com

 

Download our registration form and mail it to the desired branch with all the enclosures.

  Show all Singapore branches

Key Risks

Margin trading is the use of leverage to provide you with more exposure in the market at a smaller initial capital outlay. Depending on the movement of the market, you will have the opportunity to gain profits or suffer potential losses of the same magnitude. LFX is a leveraged trading instrument. Such instruments may not be suitable for everyone and can result in significant amount of financial losses. Please ensure that you fully understand the risks and costs involved before deciding to trade with us.

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