WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

CIMB BANK

Singapore|5-10 years|
Market Making(MM)|Medium potential risk|

https://www.cimbbank.com.sg/en/personal/index.html

Website

Rating Index

Contact

+65 6333 7777
AtYourService@cimb.com
https://www.cimbbank.com.sg/en/personal/index.html
https://www.facebook.com/CIMBSingapore

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+65 6333 7777

Other ways of contact

Broker Information

More

Company Name

CIMB Bank Berhad

Abbreviation

CIMB BANK

Platform registered country and region

Singapore

Company website
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-11-01
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

CIMB BANK · WikiFX Survey
Good A Site Visit to CIMB BANK in Malaysia
Malaysia

Users who viewed CIMB BANK also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

ATFX

8.92
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

Decode Global

8.64
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

MiTRADE

8.49
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website
Sources
Language
Mkt. Analysis
Creatives

CIMB BANK · Company Summary

Note: The information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

CIMB BANK Review Summary
Registered Country/RegionSingapore
RegulationRegulated by LFSA
Services Loans & financing, investments, insurance and remittance
Minimum Deposit$100
Customer Support(9.00 am - 7.00 pm, daily) telephone, email, Twitter, Facebook, Instagram, and Linkedin

CIMB BANK Information

CIMB BANK, headquartered in Singapore and regulated by LFSA, provides a comprehensive suite of financial services. These encompass loans & financing, investments, insurance, and remittance solutions. The bank also offers a variety of account types, including savings, current, and fixed deposit accounts.

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

ProsCons
Regulated by LFSAComplex Structure
Innovative Security Features
Wide Range of Financial Services
Accessible Minimum Deposit

Pros:

- Regulated by LFSA: CIMB BANK is regulated by the Labuan Financial Services Authority (LFSA), ensuring it operates under a recognized regulatory framework. This enhances trust and compliance with financial regulations.

- Innovative Security Features: The CIMB Clicks Digital Token is highlighted for its innovative approach to security, transforming mobile phones into digital tokens for enhanced safety during transactions.

- Wide Range of Financial Services: CIMB BANK offers a comprehensive suite of financial products, covering loans & financing, investments, insurance, and remittance services.

- Accessible Minimum Deposit: With a minimum deposit requirement of $100, CIMB BANK ensures its financial services are accessible to a wider range of customers, fostering inclusivity.

Cons:

- Complex Structure: CIMB BANKs organizational or operational structure are complex by some customers, potentially affecting ease of understanding or transparency.

Is CIMB BANK Legit?

CIMB BANK operates under the regulatory oversight of the Labuan Financial Services Authority (Labuan FSA), where it holds a Market Making (MM) license. This regulatory framework ensures that CIMB adheres to established standards and practices, providing a secure environment for financial transactions and customer interactions.

Regulated by LFSA

In terms of customer protection, CIMB BANK offers CIMB Clicks Digital Token. This innovative feature transforms a user's mobile phone into a digital token, replacing the traditional SMS One-Time Passwords (OTP) or physical security devices. This digital token serves as a robust authentication tool, enabling customers to securely perform high-risk transactions and access sensitive financial services through CIMB's digital platforms.

Security measures

Services

CIMB BANK offers loans & financing, investments, insurance and remittance.

  • Loans & Financing:

CIMB Bank provides attractive personal loan options with interest rates starting from as low as 2.80%* p.a. (Effective Interest Rate [EIR] from 5.28%). Customers can also enjoy a waiver on processing fees and up to S$2,000 cashback.

Loans & Financing
  • Investments:

CIMB Bank offers a variety of investment options to help customers grow their wealth. These include:

- Unit Trust Funds: Both conventional and Islamic unit trust funds are available, providing diversified investment portfolios managed by professional fund managers.

- Systematic Investment Process: A tailored investment approach that allows customers to invest regularly in a disciplined manner.

- Tailored Investments: Customized investment solutions based on individual needs and risk profiles.

- Structured Deposits: These deposits offer a 100% principal guarantee and customizable structures, providing a safe and secure way to invest.

- Dual Currency Investments: Investments that allow customers to benefit from currency movements, with a range of currency pairs and flexible tenures.

- FX Margin Trading: High liquidity margin trading in foreign currencies, enabling customers to take advantage of market movements.

- Supplementary Retirement Scheme (SRS): A tax-beneficial retirement scheme offering higher returns on investments.

- Gold Account: An account that allows customers to invest in gold without any fees or charges and no minimum balance requirement.

  • Insurance:

CIMB Bank also provides a range of insurance products to protect customers and their loved ones. These include:

- CIMB TravelEASE: Travel insurance with COVID-19 related benefits and other additional features.

- CIMB My Paw Pal: Pet insurance that covers medical expenses without requiring a medical examination.

- PrivateCAR: Comprehensive car insurance to protect customers vehicles.

- PAJunior: All-round protection for children, including medical bills coverage.

- CIMB HomeBliss: Home insurance to protect customers homes and valuables.

- CIMB Revital Accident Care: Accident insurance providing death and disablement coverage as well as medical reimbursement.

- CIMB Cancer Plus Guard: Financial assistance and early cancer benefit insurance.

- PAStar: Accident coverage that also includes infectious diseases.

Insurance
  • Remittance:

CIMB Bank offers remittance services to help customers send money abroad quickly and securely.

Account Types

CIMB BANK offers three types of accounting including savings, current and fixed deposit accounts.

  • Savings Accounts:

- CIMB FastSaver Account: Offers competitive rates with no multiple conditions.

- CIMB FastSaver-i Account: Shariah-compliant variant of the FastSaver Account.

- CIMB StarSaver (Savings) Account: Requires a minimum deposit of S$1,000, competitive rates, and access to over 6,000 CIMB ATMs.

- CIMB StarSaver (Savings)-i Account: Shariah-compliant version of the StarSaver Account.

- CIMB Hajj Savings-i Account: Specifically designed for Hajj savings, Shariah-compliant, with associated Hajj packages.

- CIMB Junior Saver Account: Geared towards children with competitive rates and no fall-below fees.

- CIMB Foreign Currency Savings Account: Allows multi-currency transactions, available to individuals aged 18 and above.

Savings Accounts
  • Current Accounts:

- CIMB StarSaver Account: Requires a minimum deposit of $5,000, offers competitive rates, and access to over 6,000 CIMB ATMs.

- CIMB StarSaver-i Account: Shariah-compliant variant of the StarSaver Account.

- CIMB Foreign Currency Current Account: Designed for multi-currency transactions, with a minimum initial deposit requirement in USD.

Current Accounts
  • Fixed Deposit Accounts:

- CIMB SGD Fixed Deposit Account: Allows customers to deposit funds for a fixed term with competitive interest rates.

- CIMB Why Wait Fixed Deposit-i Account: Shariah-compliant fixed deposit option.

- CIMB Foreign Currency Fixed Deposit Account: Fixed deposit option for foreign currencies.

Account TypeFeature
Savings Accounts
CIMB FastSaver AccountCompetitive rates, no multiple conditions
CIMB FastSaver-i AccountCompetitive rates, Shariah-compliant
CIMB StarSaver (Savings) AccountMinimum deposit S$1,000, competitive rates, access to CIMB ATMs
CIMB StarSaver (Savings)-i AccountMinimum deposit S$1,000, competitive rates, Shariah-compliant
CIMB Hajj Savings-i AccountShariah-compliant, designed for Hajj savings, Hajj packages
CIMB Junior Saver AccountCompetitive rates, no fall-below fees
CIMB Foreign Currency Savings AccountMulti-currency support, available to individuals aged 18 and above
Current Accounts
CIMB StarSaver AccountMinimum deposit S$5,000, competitive rates, access to CIMB ATMs
CIMB StarSaver-i AccountMinimum deposit S$5,000, competitive rates, Shariah-compliant
CIMB Foreign Currency Current AccountMinimum initial deposit USD 1,000, multi-currency transactions, free e-statements
Fixed Deposit Accounts
CIMB SGD Fixed Deposit AccountFixed term deposit, competitive interest rates
CIMB Why Wait Fixed Deposit-i AccountShariah-compliant fixed deposit option
CIMB Foreign Currency Fixed Deposit AccountFixed deposit for foreign currencies

Fees

CIMB BANK offers a range of accounts and financial products, each with specific fee structures for different customer needs.

For instance, the CIMB FastSaver Account requires a minimum initial deposit of S$1,000 and charges a S$50 fee for early account closure within six months. It doesnt impose a fall-below fee or monthly account fee, making it ideal for those looking to save without worrying about additional charges. On the other hand, the CIMB StarSaver Account requires a higher initial deposit of S$5,000 to earn interest, and includes provisions for incidental overdraft charges if credit limits are exceeded, calculated at SGD Prime Rate + 5% or a minimum of S$20.

Besides, CIMB offers the CIMB Renovation-i Financing and the CIMB Education Loan, each accompanied by specific terms and fees.

The CIMB Renovation-i Financing incurs a processing fee of 1.55% of the approved financing amount, which is deducted at the time of disbursement. A cancellation fee of 1% applies to any portion of the financing amount that is cancelled before disbursement, and a prepayment fee of 1% is charged on any amount prepaid to settle the financing early. Late payments attract a fee of S$80 per occurrence. Additionally, there is a charge of S$10 for each issuance of a cashier‘s order, although this fee is waived for the first three orders. The fee for cancelling or amending a cashier’s order is S$20 per instance.

More details can be learned by clicking: https://www.cimb.com.sg/en/personal/help-support/rates-charges.html.

Rates and charges

Customer Service

Customers can visit their office or get in touch with customer service line 9.00 am - 7.00 pm using the information provided below:

Telephone: +65 6333 7777

Email: mediasg@cimb.com

Address: CIMB Bank Berhad, 30 Raffles Place, #04-01, Singapore 048622

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, and Linkedin.

Contact info

Conclusion

In conclusion, CIMB BANK is a regulated financial institution under the supervision of the LFSA. CIMB BANK offers a broad spectrum of financial services, making it a versatile choice for customers seeking loans, investments, insurance, and remittance solutions. However, the complexity in its organizational structure can present challenges for some users.

Frequently Asked Questions (FAQs)

Is CIMB BANK regulated by any financial authority?

Yes. It is regulated by LFSA.

What services and products CIMB BANK provides?

It provides loans & financing, investments, insurance and remittance.

How can I contact CIMB BANK?

You can contact via telephone: +65 6333 7777, email: mediasg@cimb.com, Twitter, Facebook, Instagram, and Linkedin.

What is the minimum deposit for CIMB BANK?

The minimum initial deposit to open an account is $100.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Review 4

4 Comments
Write a comment
All(4) Latest Positive(3) Neutral(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com