ProsperUs by CSG-CIMB Review: Best One Account For Global Stock Investing in Singapore?
Disclaimer: The information on this page is for your convenience only. By accessing this website you’ve agree on our T&C. We do not offer tax or investing advisory or brokerage services, nor do we recommend or advise anyone to buy or sell particular stocks, securities or other investments.
Prosperus is a popular growing low cost digital investment service launched by CSG-CIMB to help millennials to get started in investing. Offering low-cost, wide market access and huge variety of investment products to choose from, CIMB Bank and CSG have join hands to offered a easy to use trading platform for millennials for their investment needs.
Pros of Prosperus
- $0 initial deposit fee
- Access to more than 30 international and local markets
- Access to more than 9 investment products including; Stocks, ETFs, Options, Futures, Funds, FX, CFDs, Bonds, CryptoFX
- Low cost stocks, ETFs and Bonds investing for Singapore, United States, China, Hong Kong, Malaysia, Europe etc. stock markets
- Flat fee $5 for US market regardless of trade volume.
- Comprehensive advance charting and research tools.
- Mobile friendly multi-platform (Mobile App and Desktop) for both beginners and professional traders
- Operated by world leading CIMB Bank and CSG Co. Ltd.
Cons of Prosperus
- No access to Japan stock exchange
- Flat rate $5 for investing in the US is only beneficial if you invest more than $1,000 each trade.
- CFD trading is 1.5% (Approx.) per contract
What is Prosperus?
Prosperus is an low cost one account, multi-asset, multi-market, multi-currency online trading platform established by CGS-CIMB Securities International Pte. Ltd., a joint venture between CIMB Group Sdn Bhd. (CIMB Bank) an international bank managing USD$149.3 Billion in assets, and China Galaxy International Financial Holdings Ltd.
Regulated by Monetary Authority of Singapore (MAS), CGS-CIMB Securities hold the Capital Markets Services Licence with the Exempt Financial Adviser Status.
Offering low fees access to over 30 markets and 9 investment products, ProsperUs is an easy to use, low fee online trading platform that need no minimum initial deposit, offer free advance market data and real-time quote for both new and experienced investors.
Best Multi-Market, Multi-Currency, Low Cost Online Trading App For Investors
Referral Code: BUDDIES
(Get $20 Cash Credits)
Minimum investment: $0
Stock/ETF Commission Fees: SG (0.06%), HK (0.15%), CN (0.12%) and US ($0.01/share)
Products: Stocks, ETFs, Options, Futures, Funds, FX, CFDs, Bonds, CryptoFX
Markets: SG, HK, CN, US, UK, MY, AUS, CA, EU Regions
Suitable For: Beginner and Experience investors looking to invest in both locally and internationally.
List Of Exchanges You Can Invest With ProsperUs Singapore
ProsperUs by CSG-CIMB provides access to various major stock exchange allowing you to invest in both locally and international.
Local Market:
- Singapore Stock Exchange (SGX)
Global Leading Markets:
- United States Stock Exchange (New York Stock Exchange (NYSE) & NASDAQ Stock Market (NASDAQ)
- Hong Kong Stock Exchange (HKEX)
- China Stock Exchange (SZSE, SSE)
- London Stock Exchange (LSX)
Other Markets:
- Australia (AXS)
- Malaysia (KLSE)
- Canada (TSE)
- Rest of Europe (+15 Exchanges)
Cryptocurrency:
- CryptoFX
Trading Products on ProsperUs Singapore
ProsperUs offers one of the most variety of investment products for investors to choose from.
- General Investment Products: Stocks, ETFs, Bonds, REITs
- Specialized Investment Products: Futures, Funds, Forex, CFDs trading
- Unique Investment Product: CryptoFX
It is the only leading trading platform that actually offers CryptoFX for those who have higher risk tolerance.
ProsperUs Commission and Platform Fees
ProsperUs online trading platform offers highly affordable way to buy and sell stocks online and reaching out to the international markets in the same account.
Market | ProperUs Broker Fee | Min. Commission | Avg. Commission Fee (%) | Avg. Min. Commission |
---|---|---|---|---|
Singapore (SGX) | 0.10% Trade Value (As low as 0.06%) | SGD $0 | 0.22% | SGD 25 |
United States (NYSE and NASDAQ) | USD $5 (Flat Fee) | USD $5 | 0.30% | USD 15 |
Hong Kong (HKEX) | 0.15% Trade Value | HKD $40 | 0.25% | HKD 100 |
China H-Share (HKEX) | 0.15% Trade Value | HKD $40 | 0.25% | HKD 100 |
China A-Share (SZSE & SSE) | 0.12% Trade Value | CNH ¥40 | 0.25% | CNH 100 |
Malaysia (KLSE) | 0.15% Trade Value | MYR $30 | 0.20% | MYR $10 |
Australia (AXS) | 0.10% Trade Value | AUD $8 | 0.31% | AUD $10 |
Canada (TSX) | CAD $0.03 Per Share | CAD $15 | 0.30% | CAD 20 |
UK (LSX) | 0.10% Trade Value | USD $9 | 0.30% | EUR 10 |
Rest of Europe Regions (+15) | 0.10% Trade Value (Approx.) | EUR 10 (Approx.) | 0.30% | EUR 10 |
Note: Data are consolidated, checked for accuracy and ensure outmost reliability by the Author through hours of research, the author aims to provide the most accurate data by following strictly according to our editorial guidelines but always do your own due diligence before investing. Fees are subjected to change by the brokerage provider, do check with the brokers for the latest updates on the fees.
ProsperUs Trading Platform
ProsperUs shines in it’s trading platforms, offering easy access to online trading through both desktop and mobile App, giving you the investor the flexibility to trade anywhere, anytime.
Mobile trading App:
- Apple App Store: iOS ProsperUs mobile App
- Google Play Store: Android ProsperUs Mobile App
Desktop trading platform:
- Window: ProsperUs for Windows
- Mac: ProsperUs for Mac
I find the platform’s interface is clean, intuitive, and easy to navigate, making it suitable for traders of all experience levels.
How To Open a ProsperUs Account?
Opening a ProsperUs account is straightforward, here are the steps you’ll need to take:
- Download the ProsperUs App using this link.
- Open ProsperUs App to register.
- Singaporeans and PR, sign-up using SingPass.
- Fill in the forms and do a quick 5 questions assessment.
- Create your “Login and Password”.
- Click “Submit” and your new account will get opened.
- Top up your account and start investing.
ProsperUs Referral Code: BUDDIES
Opening an account on ProsperUs especially for Singaporeans and Singapore PR takes less than 5 minutes. (I took 3 minutes while writing notes on what to do for each of the steps)
- Claim up to $120 FREE Cash when make $100 deposit with trades
- Low commission fee for Singapore, HK, CN, MY, AUS, UK, Europe up to 30 markets and flat fee for US market.
- Special Bonus of SGD$20 FREE Cash when signup with our referral code: BUDDIES
ProsperUs Referral Code: BUDDIES
However there is just one quick comment when you first log-in into your ProsperUs account.
“When you just sign-up you’ll need to wait for your account to get approved.
According to my personal experience, it will take at least 1 to 2 days before you can start trading.
So when you first sign up, you may need to wait a bit before you can get started, but once it is approved, the user-experience is pretty good.”
My Experience On ProsperUs Brokerage by CGS-CIMB
My overall experience with ProsperUs is pretty pleasant, their UI/UX is pretty well done, where you can easily find the things you want on the platform, regardless if you are using the mobile Trading App or desktop trading.
Offering 3 different applications for it’s users, ProsperUs is designed for both beginner and advanced professional traders in mind:
Beginner (Build): For members who prefer a longer-term approach to investing.
Popular (Boost): For members who enjoy trading with the markets and tracking price movements.
Professional (+Boost): Advanced trading platform with enhanced risk management tools (up to 6 screens).
I can’t comment much on their +Boost application (I get headache when I see too many screens), but their Build and Boost application are really user friendly. Offering:
- Multi-market access to both locally (Singapore) and internationally to over 30 markets.
- Product overview which give you an idea on the investment options.
- Curated investment insights where you can do all your investment research at the same platform.
- Easy deposit for fund management which can be especially useful for frequent traders.
- Low fees for trading in the major markets and internationally. And having a $5 Flat Fee for US market is always a plus compared to many other platforms if you are investing in huge volume.
My experience with ProsperUs is pretty good, while the part on the “Signup” can be improved further (Hopefully get a faster approval time in the future). Otherwise, I think it is a good trading platform where you can open one account that allow you to gain access to multiple asset classes across global market.
BEST FOR: Multi-Market Investors and Professional Traders to Invest in SG, US, UK, HK, China, Malaysia and Europe.
Referral Code: BUDDIES
(Get $20 Cash Credits)
Is ProsperUs by CSG-CIMB Safe, Regulated and Legal in Singapore?
Yes, ProsperUs by CSG -CIMB Securities (Singapore) Pte. Ltd. is a safe, reliable and regulated licensed broker in Singapore, a FinTech company aims to help millennials to reach FIRE “Financial Independence, Retire Early”.
- Regulation: CGS-CIMB Securities (Singapore) Pte. Ltd. is licensed and regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services (CMS) license and register as Exempt Financial Adviser.
- Investor Protection: ProsperUs adheres to investor protection measures regulated by the MAS, including segregated client accounts, robust risk management systems, and regular financial audits, safeguarding investors’ assets.
- Simple Fee Structure: ProsperUs offers simple fee structure with no hidden fees fostering trust among users.
- Established Market Leader: CGS-CIMB had a a long history in capital markets, since over 40 years ago in 1979 as GK-Goh Securities.
ProsperUs trading platform is regulated by MAS of Singapore, which offer investors a secure and regulated trading environment.
Should You Try ProsperUs by CSG-CIMB?
I think there are 3 main reasons why you may want to try out ProsperUs for your next trade:
- ProsperUs let you direct access to multiple markets additionally to the common market such as SG, US, CN, HK, MY and LSE, ProsperUs let you access to 30+ other markets worldwide at low fees.
- PropersUs offer huge variety of investment products including Stocks, ETFs, Bonds, REITs, Futures, Funds, Forex, CFDs trading and CryptoFX.
- ProsperUs offers 3 levels of trading platform applications (Build, Boost, +Boost) designed for beginner all the way to professional traders (6 screens for trading).
As one of the best trading platform in Singapore with a great trading App, it let investors trade with confidence.
Regulated by the Monetary Authority (MAS) of Singapore, ProsperUs by CSG-CIMB offers a secure and trustworthy trading environment.
If you are exploring an alternative for your next trade, opening an account on ProsperUs by CSG-CIMB can be a good option.
Opening a new account takes just less than 5 minutes and it is free!
- Claim up to $120 FREE Cash when make $100 deposit with trades
- Low commission fee for Singapore, HK, CN, MY, AUS, UK, Europe up to 30 markets and flat fee for US market.
- Special Bonus of SGD$20 FREE Cash when signup with our referral code: BUDDIES
ProsperUs Referral Code: BUDDIES
Frequently Asked Question (FAQ)
Check out our other comparison here:
- Moomoo SG Promotion! $970 FREE Stocks + Perks for New User | May 2024 Updated 🟢
- WeBull SG Promotion! GET 8.4% p.a. + USD1,000 Cash Voucher | May 2024 Updated 🟢
- 7 Online Brokerages vs Traditional Brokerages in Singapore: Making The Right Investment Choice
- How to Use Webull Singapore to Trade, Buy and Sell Stocks? (Beginner’s Guide)
- How to Use Moomoo to Trade, Buy and Sell Stocks? (Beginner’s Guide)
Disclosure: This post is brought to you in conjunction with Prosperus by CSG-CIMB. All opinion are my own, and based on my own trading and investing experience with Prosperus. Feel free to click on my affiliate links when you sign up for an account for the latest exclusive deals offered by Prosperus to our readers. This advertisement has not been reviewed by the Monetary Authority of Singapore.
21
Brokerage Reviewed & Analyzed
Driven by data, run by a investors with real-world experience.
We’re supported by readers who buy via links on our site. While this may influence which products we write, it will not influence our opinions and evaluation. Learn more.
Antony C. is a dividend investor with over 15+ years of investing experience. He’s also the book author of “Start Small, Dream Big“, certified PMP® holder and founder of IncomeBuddies.com (IB). At IB, he share his personal journey and expertise on growing passive income through dividend investing and building online business. Antony has been featured in global news outlet including Yahoo Finance, Nasdaq and Non Fiction Author Association (NFAA).