Name: CGS iTrade
Brand: CGS International
Price: 1 SGD
Availability: InStock
Rating: 3.8 (1 reviews)

Overview

CGS International holds a Capital Markets Services Licence (CMS000139) from MAS and traces its roots back to 1979 as G.K. Goh Stockbrokers. The firm runs two platforms: iTrade for experienced traders with access to 10 direct exchanges, and UP, a mobile app with commission-free BUY trades plus fractional shares. ASEAN-focused investors benefit from deep regional research coverage and direct access to SGX, Bursa, IDX, SET, and HKEX. Backed by parent China Galaxy Securities, CGS serves over 15 million clients across 15 countries.

Pros

↑Commission-free BUY trades on UP across SG, US, and MY markets (till further notice)
↑10 direct exchanges covering 6 ASEAN and Asian markets plus US
↑Institutional-grade research team with ASEAN-wide coverage across 15 countries

Cons

↓iTrade SGX minimum commission of S$25 (CDP Linked) is high compared to fintech brokers
↓UP app only covers 3 markets (SG, US, MY) vs iTrade's 10 exchanges
↓No pre-market or after-hours US trading sessions available

Key Highlights

Trading Costs
UP: 0.06% (min S$1) / iTrade: 0.18% (min S$18)
UP app (mobile):
SG: 0.06% (min S$1) + S$1 platform fee
US: 0.05% (min US$1) + US$1 platform fee
MY: 0.06% (min MYR 5.50) + MYR 1 platform fee
BUY commission waived till further notice
iTrade (web/traditional):
SGX online CDP Linked: 0.275% (min S$25)
SGX CUT/iCash: 0.18% (min S$18)
US: 0.18% (min US$18)
HK: 0.18% (min HK$88)

Assets & Markets
10 direct exchanges across Asia and US
iTrade platform:
Singapore (SGX)
Malaysia (Bursa Malaysia)
Hong Kong (HKEX)
China (SSE, SZSE via Stock Connect)
US (NYSE, NASDAQ, AMEX)
Indonesia (IDX)
Thailand (SET)
UP app: SG, US, and MY markets
Fractional shares on US and MY

Why Choose?
Commission-free BUY trades on UP
All BUY trades on UP app have $0 commission (till further notice)
Applies to SG, US, and MY markets
Platform fees still apply (S$1, US$1, or MYR 1 per trade)
SELL trades follow standard pricing: SG 0.06% (min S$1), US 0.05% (min US$1)
Exchange/clearing fees still apply on SG market
iTrade platform runs separate commission schedule

Regulation & Safety
MAS regulated since 1987
Capital Markets Services Licence No.: CMS000139
Licensed for: Dealing in Capital Markets Products, Fund Management, Product Financing, Custodial Services, Corporate Finance Advisory
Also Exempt Financial Adviser
Client funds segregated in separate trust accounts
UEN: 198701621D, incorporated 10 June 1987
Wholly owned by CGS International Holdings (China Galaxy Securities group)
CEO: Malcolm Koo Chin Wei

Account Minimum
S$0 minimum deposit
No minimum deposit to start trading on UP
No account maintenance fees
No inactivity fees
SaveUP RSP starts from S$1
Demo account available on UP for practice
Funding via PayNow, FAST, or Telegraphic Transfer
Account approval in approximately 1 working day

Key Benefits

Trading Costs

★3.8

▼

UP: BUY commission waived on all markets (till further notice)
UP SG: 0.06% (min S$1) + S$1 platform fee for SELL
UP US: 0.05% (min US$1) + US$1 platform fee
UP MY: 0.06% (min MYR 5.50) + MYR 1 platform fee
iTrade SGX online CDP Linked: 0.275% (min S$25)
iTrade CUT/iCash: 0.18% (min S$18)

Platform And Tools

★3.5

▼

UP mobile app for beginners with clean interface
iTrade web platform for experienced traders
Complimentary SGX Market Depth on iTrade
iScreener stock screening with 4-Star system
Multiple account types: CDP Linked, CDP Sub, CUT, iCash
Two separate platforms can feel fragmented

Research And Analysis

★4.3

▼

Award-winning CGS International research team
Deep ASEAN market coverage across 15 countries
Institutional-grade equity research
Regional market insights and analysis
Company financial reports and business summaries
Research available to iTrade platform users

Mobile Trading

★3.7

▼

UP app for iOS and Android with simple design
CGS iTrade v3 app also available
MFA with biometric login on UP
Real-time notifications and price alerts
Demo account available on UP for practice
UP limited to 3 markets vs iTrade's 10

Account Features

★3.8

▼

Fractional shares for US and MY on UP
SaveUP RSP from S$1 with daily/weekly/monthly options
Shariah-compliant iCash account on iTrade
Multi-currency trust account (SGD, USD, MYR, HKD, CNY, AUD, GBP, JPY)
Margin financing up to 5x leverage on iTrade
Securities borrowing and lending facility

Security And Trust

★4.3

▼

MAS Capital Markets Services Licence (CMS000139)
Also licensed as Exempt Financial Adviser
Client funds segregated in separate trust accounts
Over 45 years operating history (since 1979)
Wholly owned by CGS International Holdings (China Galaxy Securities)
15 million+ clients globally across 15 countries

Customer Support

★3.5

▼

iTrade hotline: 1800 538 9889 / (65) 6225 1228
Email: [email protected] (iTrade), [email protected] (UP)
Office: 10 Marina Blvd, MBFC Tower 2, #09-01, S(018983)
Business hours: 8:30am to 6:00pm SGT, Mon to Fri
In-app inquiry form on UP (response within 5 working days)
No live chat or weekend support

Educational Resources

★3.3

▼

Goal-oriented education materials on UP
Investment guides and DCA strategy explanations
Market analysis from CGS research team
SaveUP tutorials and step-by-step guides
SGX SIP module guidance for ETF eligibility
Limited structured courses or webinars

Available Tools

Trading Tools

▼

Paper Trading	✓
Margin Trading	✓
Zero Commission	✓
Fractional Shares	✓
After Hours Trading	×

Automation

▼

Dca	✓
Algo Trading	×
Grid Trading	×
Trading Bots	×
Robo Advisory	×
Sentiment Analysis	×
Social Copy Trading	×
Ai Trading Assistant	×

Portfolio Tools

▼

Tax Harvesting	×
Islamic Account	✓
Auto Rebalancing	×
Dividend Tracker	×
Economic Calendar	×

Detailed Information

Commission Tiers	iTrade SGX (SGD securities, online): CDP Linked: Up to S$50k at 0.275%, S$50k-S$100k at 0.22%, above S$100k at 0.18% (min S$25) CDP Sub Account: 0.18% flat (min S$18) CUT (Cash Upfront): 0.18% flat (min S$18) iCash: 0.18% flat (min S$18) Offline via Trading Rep: Up to S$50k at 0.50%, S$50k-S$100k at 0.40%, above S$100k at 0.25% (min S$40) UP app: flat rate for all users, no tiered structure
Trading Fees	UP app: SG: 0.06% (min S$1) + S$1 platform fee US: 0.05% (min US$1) + US$1 platform fee MY: 0.06% (min MYR 5.50 for 100+ shares) + MYR 1 platform fee BUY commission waived till further notice iTrade: SGX online (CDP Linked): 0.275% tiered (min S$25) SGX online (CUT/iCash/CDP Sub): 0.18% flat (min S$18) US: 0.18% (min US$18) for CUT/iCash, 0.30% (min US$20) CDP Linked HK: 0.18% (min HK$88) for CUT/iCash, 0.25% (min HK$88) CDP Linked MY: 0.50% (min RM60) online CDP China Connect: 0.25% (min CNY88) online
Stock Etf Commission	UP: 0.06% SG (min S$1), 0.05% US (min US$1), 0.06% MY (min MYR 5.50) iTrade: 0.18% to 0.275% SG (min S$18 to S$25), 0.18% US (min US$18)
Futures Commission	Available through iTrade platform, contact for specific rates
Financing Rates	Margin financing available on iTrade with up to 5x leverage, rates vary by account type
Margin Interest Rate	Account-dependent, contact CGS for current rates
Overnight Fees	Applicable for CFD positions on iTrade
Non Trading Fees	SGX fees (applied to both platforms): Clearing fee: 0.0325% per contract SGX Trading Fee: 0.0075% per contract SGX Settlement Instruction Fee: S$0.35 per contract GST 9% on commission, clearing fee, trading fee, and settlement fee UP: S$1 / US$1 / MYR 1 platform fee per trade No account maintenance fees No inactivity fees iTrade: contact for custody and sub-account fees
Deposit Fee	S$0 for PayNow, FAST, and telegraphic transfer to CGS bank account
Withdrawal Fee	S$0 for standard withdrawals; remitting bank may impose charges for TT
Inactivity Fee	S$0 on UP; iTrade terms vary
Currency Conversion Fee	UP: no fees for SGD/USD conversion (bid-ask spread applies); MYR restricted currency, settled via trade iTrade: rate determined at order execution or point of payment
Data Feed Fees	Complimentary SGX Market Depth on iTrade platforms
Order Modification Fee	S$0
Vip Fee Tiers	No formal VIP programme

Minimum Spreads	Market standard spreads on all exchanges
Maximum Leverage	Up to 5x for margin accounts on iTrade UP is cash-upfront only (no margin facility)
Margin Call Level	Standard margin requirements per iTrade account agreement
Stop Out Level	Per iTrade margin account agreement
Negative Balance Protection	UP is cash-upfront, no leverage. iTrade margin terms per agreement
Settlement Period	SGX: T+2 Bursa Malaysia: T+2 HKEX: T+2 US (NYSE/NASDAQ/AMEX): T+1 IDX: T+2 SET: T+2 China Connect: T+2
Order Execution Quality	DMA for iTrade platform Market and limit orders on UP Real-time execution during market hours

Stocks Count	6,000
Etfs Count	500
Crypto Count	0
Forex Pairs Count	30
Product Universe Overview	iTrade: equities, margin financing, CFDs, futures, FX, bonds, structured warrants, ETFs, securities borrowing/lending, Shariah-compliant products UP: equities, ETFs, fractional shares, SaveUP RSP 10 direct exchanges on iTrade, 3 markets on UP
Geographic Market Coverage	iTrade: Singapore (SGX) Malaysia (Bursa Malaysia) Hong Kong (HKEX) China (SSE, SZSE via Stock Connect) United States (NYSE, NASDAQ, AMEX) Indonesia (IDX) Thailand (SET) UP app: Singapore (SGX) United States Malaysia (Bursa Malaysia)
Major Markets Details	SGX: full access, SGD/USD/HKD/AUD/EUR/GBP denominated securities US: NYSE, NASDAQ, AMEX with SEC fees waived (effective May 2025) HKEX: stamp duty 0.10%, trading levy 0.0027% Bursa: stamp duty 0.10%, clearing fee 0.0324%
Emerging Markets Details	Indonesia (IDX): 0.40% online, trading levy 0.0433%, 0.10% withholding tax on sells Thailand (SET): 0.40% online, VAT 0.0035% China A-shares via Stock Connect: 0.25% online, stamp duty 0.05% on sells
Base Currencies Supported	SGD, USD, MYR, HKD, AUD, CNY, EUR, GBP, JPY (multi-currency trust account)

Trading Platforms Overview	Two platforms: 1. iTrade: web-based platform for experienced traders with 10 exchanges 2. UP: mobile app for newer investors with SG, US, MY markets Each platform has separate account and pricing structure
Desktop Platform	iTrade web platform: Browser-based, no download required Complimentary SGX Market Depth iScreener with 4-Star stock rating system Advanced charting and technical analysis Multiple account types (CDP Linked, CDP Sub, CUT, iCash) Full product access including CFDs, futures, FX, bonds
Mobile App	UP app (iOS and Android): Clean, simple interface for stock trading Multi-factor authentication with biometric login Fractional shares for US and MY SaveUP regular savings plan Demo account available Market and limit order types Supports SGD, USD, MYR funding CGS iTrade v3 app also available for existing iTrade users
Web Platform	iTrade web platform at itrade.cgsi.com.sg Real-time streaming prices Market news integration Account summary, contract and contra statements PayNow QR payment for SGD settlements Multi-currency trust account management
Trading Tools And Features	iTrade: iScreener with 4-Star stock rating system Advanced technical charts with multiple timeframes Stock alerts and price notifications Company financial reports Watchlist customisation UP: Market and limit orders SaveUP (RSP) with daily/weekly/monthly intervals Fractional share trading (US and MY) Currency conversion (SGD/USD)
Charting And Technical Analysis	iTrade: advanced technical charts, multiple timeframes, technical indicators, pattern analysis UP: basic charting for stock price viewing
Risk Management Tools	Market orders and limit orders on UP Stop-loss and conditional orders on iTrade Position monitoring on both platforms Margin alerts on iTrade
Order Types Available	UP: market orders, limit orders iTrade: market orders, limit orders, stop orders, conditional orders
Integrations And Api Access	No third-party API access publicly available
Third Party Platforms	None currently listed
Api Rate Limits	Not publicly available
Algo Trading Support	Not supported on either platform

Customer Support Overview	iTrade: phone hotline and email support during business hours UP: in-app inquiry form (5 working day response) and email Singapore office at Marina Bay Financial Centre
Phone Support Hours	iTrade: 1800 538 9889 / (65) 6225 1228 Business hours: 8:30am to 6:00pm SGT, Monday to Friday
Live Chat Availability	Not available on either platform
Email Response Time	UP: in-app inquiry form response within 5 working days iTrade: [email protected] UP: [email protected]
Languages Supported	English and Chinese
Local Office Presence	10 Marina Boulevard, #09-01, Marina Bay Financial Centre Tower 2, Singapore 018983
Account Manager	Available for institutional and high-value iTrade clients via Trading Representatives
Educational Resources Overview	UP: goal-oriented investment education, DCA strategy guides, SaveUP tutorials iTrade: market analysis, company research reports, trading guides SGX SIP module guidance for ETF eligibility
Beginner Resources	UP app has in-app educational tips, SaveUP guides, and demo account for practice Getting started guides for new investors
Webinars And Tutorials	Limited public offerings; research reports available to iTrade users
Market Analysis And Research	Award-winning CGS International research team with deep ASEAN coverage Equity research across 15+ countries Company financial reports and business summaries on iTrade
Demo Account Details	UP app has a demo account option for practice trading with limited features
Trading Courses	Basic educational content available; no formal structured course programme
Tax Reporting Help	W-8BEN form submission via UP app for US market withholding tax Contract notes and statements available for download CGS does not provide tax advice

Regulation Overview	MAS-regulated Capital Markets Services Licensee and Exempt Financial Adviser since 1987 Wholly owned subsidiary of CGS International Holdings (China Galaxy Securities group) Former names include G.K. Goh Stockbrokers and CGS-CIMB Securities Over 15 million clients globally across 15+ countries
Primary Regulator	Monetary Authority of Singapore (MAS)
License Number	CMS000139 (Capital Markets Services Licence) UEN: 198701621D
Investor Protection Scheme	Client funds segregated in separate trust accounts, distinct from broker's own assets Compliant with Securities and Futures Act and SGX-ST Rules Protected from creditors' claims in event of winding-up or insolvency Regular regulatory audits
Security Features	UP: multi-factor authentication (MFA) with biometric login, push notifications iTrade: Singpass 2FA, SMS OTP authentication Data encryption on both platforms Secure payment channels including PayNow Segregated client fund accounts

Commission Tiers

iTrade SGX (SGD securities, online):
CDP Linked: Up to S$50k at 0.275%, S$50k-S$100k at 0.22%, above S$100k at 0.18% (min S$25)
CDP Sub Account: 0.18% flat (min S$18)
CUT (Cash Upfront): 0.18% flat (min S$18)
iCash: 0.18% flat (min S$18)
Offline via Trading Rep: Up to S$50k at 0.50%, S$50k-S$100k at 0.40%, above S$100k at 0.25% (min S$40)
UP app: flat rate for all users, no tiered structure

Trading Fees

UP app:
SG: 0.06% (min S$1) + S$1 platform fee
US: 0.05% (min US$1) + US$1 platform fee
MY: 0.06% (min MYR 5.50 for 100+ shares) + MYR 1 platform fee
BUY commission waived till further notice
iTrade:
SGX online (CDP Linked): 0.275% tiered (min S$25)
SGX online (CUT/iCash/CDP Sub): 0.18% flat (min S$18)
US: 0.18% (min US$18) for CUT/iCash, 0.30% (min US$20) CDP Linked
HK: 0.18% (min HK$88) for CUT/iCash, 0.25% (min HK$88) CDP Linked
MY: 0.50% (min RM60) online CDP
China Connect: 0.25% (min CNY88) online

Stock Etf Commission

UP: 0.06% SG (min S$1), 0.05% US (min US$1), 0.06% MY (min MYR 5.50)
iTrade: 0.18% to 0.275% SG (min S$18 to S$25), 0.18% US (min US$18)

Futures Commission

Available through iTrade platform, contact for specific rates

Financing Rates

Margin financing available on iTrade with up to 5x leverage, rates vary by account type

Margin Interest Rate

Account-dependent, contact CGS for current rates

Overnight Fees

Applicable for CFD positions on iTrade

Non Trading Fees

SGX fees (applied to both platforms):
Clearing fee: 0.0325% per contract
SGX Trading Fee: 0.0075% per contract
SGX Settlement Instruction Fee: S$0.35 per contract
GST 9% on commission, clearing fee, trading fee, and settlement fee
UP: S$1 / US$1 / MYR 1 platform fee per trade
No account maintenance fees
No inactivity fees
iTrade: contact for custody and sub-account fees

Deposit Fee

S$0 for PayNow, FAST, and telegraphic transfer to CGS bank account

Withdrawal Fee

S$0 for standard withdrawals; remitting bank may impose charges for TT

Inactivity Fee

S$0 on UP; iTrade terms vary

Currency Conversion Fee

UP: no fees for SGD/USD conversion (bid-ask spread applies); MYR restricted currency, settled via trade
iTrade: rate determined at order execution or point of payment

Data Feed Fees

Complimentary SGX Market Depth on iTrade platforms

Order Modification Fee

S$0

Vip Fee Tiers

No formal VIP programme

CGS iTrade

Overview

Pros

Cons

Key Highlights

Key Benefits

Available Tools

Detailed Information

Related Products

Pros

Cons