In this article, we will be exploring ProsperUs by CGS CIMB – a one stop brokerage platform that caters to every investor’s needs. Read on to find out its competitive advantage and its latest National Day promotion.
The accelerating speed and growing industry of Fintech is putting the world on its feet with its fast evolutionary towards a digital economy – driven by technology, innovation, and new ways of doing and transacting business in a seamless way.
Over the past few years, the security brokerage industries have been buzzing about the disruption it brings to the table by providing consumers with safer, quicker, and more convenient alternatives to the traditional brokerages.
Gone are the days where you need to take more than a few minutes to log in, give instructions, deposit, withdraw and make your transactions. Consumers are expecting a seamless digital experience when it comes to handling their own money and accounts and this gives opportunities to leading online brokerage firm for intelligent investment.
ProsperUs by CGS CIMB is the new digital investment service designed to empower millennials with smart and accessible personal finance management.
For ProsperUs, it is all about transparency and simplicity. This is one of the main reasons why they have a straightforward fee structure with no platform fee, no custody fee in SG, and absolutely no hidden charges.
With ProsperUs, it allows their users access to a diverse range of markets and asset classes across 30 exchanges and 25 markets. Additionally, ProsperUs also offers a comprehensive selection of investment options, including stocks, bonds, ETFs, mutual funds, CFDs, forex, options, and futures. Whether you’re a seasoned investor looking to diversify or a beginner eager to explore various opportunities, ProsperUs can cater to all your investment needs in one convenient place.
“Zero commission fees” generally refers to the practice of some brokerage firms that offer trading services without charging a commission fee for executing trades. This means that investors can buy and sell stocks without incurring the typical brokerage fees that are associated with each trade.
However, it’s important to note that while some brokers may advertise “zero commission fees,” there may still be other costs or fees associated with trading, such as platform fees, spread, account maintenance fees, currency conversion fees, and withdrawal fees.
It is important to carefully review the terms and conditions of any brokerage offering “zero commission fees” to understand the complete fee structure and any potential hidden costs.
There was an article last year which was reported from the Business Times regarding an unfortunate incident on zero commission fees but with hidden costs which goes viral and left the impacted investor unwittingly having to pay a huge amount of hidden costs thereafter.
As part of the 58th National Day celebration, ProsperUs is offering an attractive True Zero commission for SGX stocks up until the 30th of September 2023.
In addition, they are also giving out prizes to weekly winners from local companies – which include the likes of items from PRISM+, Razer, LUMOS, and Secret Lab.
Furthermore, funding incentive for a dollar-for-dollar matching (capped at maximum of $580) is also given to entitled participant who makes the 58th deposit in each of the week starting from 7 August 2023 to 30 September 2023. For instance, if the 58th deposited amount for a given week is $500, CGS-CIMB will match this by $500 and credit the amount into the winner’s ProsperUs Account.
Winners of the previous weeks are tabled and announced in their website:
The commission fees tiering for the different key market are also set very competitively.
For instance, commissions for the US markets are set at a fixed rate of USD 5 for any of the exchanges listed below even if you fall under a beginner Rookie tier.
For all other markets, the fees are set competitively at a fraction of the costs ranging from 0.10% – 0.15%.
With these savings and no hidden costs, users can have a piece of mind and focus on better returns on their investments.
The ProsperUs platform UI/UX itself is sleek, simple to navigate and user friendly.
The home page has a dashboard summary where you have news announcement on one side and the overall portfolio and funds summary on the other.
You can also choose two main applications: BUILD or BOOST – which is primarily designed for different type of users.
For BUILD – it is designed for users who prefer a longer term approach to investing.
For BOOST – it is designed for users who enjoy trading with the markets on a more frequent basis.
There are a variety of different products that you can choose – Stocks, Bonds, ETFs or Funds.
If you choose stocks, the platform also offers different major nationality origin of stocks that are most popular, namely Singapore, US, Hongkong and/or China.
What I like about the platform is it provides a one-stop avenue for investors to study the fundamentals and charts of the company before buying or selling.
Now, if you are someone who trades a little more frequently in the market, you might want to choose the BOOST feature option.
It brings you to a more sophisticated page where you can look at more depth on the fundamentals and add different indicators to your chart.
For instance, I have indicated the MACD and the Fibonacci retracement line for Tencent Holdings (HKG: 0700) to allow me to find a better set-up for my position.
I think there are good reasons why either as an investor or trader, you should give ProsperUs a try for your next trade:
1.) ProsperUs by CSG-CIMB Securities (Singapore) Pte Ltd is a regulated license broker in Singapore under a Capital Market Services (CMS) license.
2.) ProsperUs allows direct access to key popular markets such as SG, US, CN, HK in one brokerage platform ecosystem.
3.) ProsperUs offers different levels of trading platform applications, namely BUILD and BOOST, which caters to different needs of users.
4.) ProsperUs offers a wide variety of different products which includes stocks, ETFs, bonds, REITs, CFDs, Options, and more.
5.) ProsperUs offers competitive low commission and platform trading fees and has no hidden agenda costs that are not mentioned.
This article is written in partnership with ProsperUs by CSG-CIMB Securities (Singapore) Pte Ltd.
Welcome to ProsperUs, the new digital investment service designed to empower millennials with smart and accessible personal finance management. We understand that competitive brokerage fees are crucial to your investment journey, and at ProsperUs, we deliver just that. Our fees are highly competitive, especially on the SGX market, where we offer no minimum commission, allowing you to make the most of your investments without unnecessary costs eating into your returns.
At ProsperUs, we believe in transparency and simplicity. That’s why we have a straightforward fee structure with no platform fee, no custody fee in SG, and absolutely no hidden charges. We want you to focus on building your investment portfolio with peace of mind, knowing that your hard-earned money is working efficiently for you.
With ProsperUs, you gain access to a diverse range of markets and asset classes across 30 exchanges and 25 markets. We are proud to offer a comprehensive selection of investment options, including stocks, bonds, ETFs, mutual funds, CFDs, forex, options, and futures. Whether you’re a seasoned investor looking to diversify or a beginner eager to explore various opportunities, our platform caters to all your investment needs in one convenient place.
One of the unique advantages of ProsperUs is the ability to access markets like BURSA Malaysia, opening up new investment opportunities and helping you build a diversified portfolio with ease. Our user-friendly interface allows you to seamlessly invest in multiple asset classes across different countries, providing you with the tools to make informed decisions and grow your wealth.
We understand that making sound investment choices requires reliable insights and analysis. That’s why ProsperUs has a dedicated content team that curates valuable insights to support your investment decisions. With access to well-researched information, you can confidently navigate the complexities of the financial markets and stay ahead of the game.
ProsperUs is more than just an investment platform; it’s a partner in your financial success. With our competitive fees, diverse offerings, and research-backed insights, we are committed to empowering you on your investment journey. Join ProsperUs today and take control of your financial future with confidence.
Click here to find out more information about ProsperUs’ True Zero commission.