Yes, CMC Invest is a reliable and safe way to invest if you are based in Singapore, as according to our interview with Christopher Forbes, head of CMC Invest Singapore they are one of the cheapest platforms around.
CMC Invest Singapore Review
Name: CMC Invest Singapore Review
Description: CMC Invest was launched in Singapore to help reduce the costs of investing in local Singaporean and international markets. CMC Invest aims to disrupt the (crowded) market by offering a platform with transparent pricing, good market access and backed by CMC Markets' 30 year heritage.
Summary
The platform has been built from scratch to serve the local market and offers access to shares and ETFs in 15 countries. Pricing is low and for beginner investors on their “gold” account package, there are no custody, account or deposit/withdrawal fees. Commission is only 0.04$ for dealing US stocks (5 free trades) or 0.05% (2 free trades) for local Singaporean stocks. This drops to 0.02% for more sophisticated investors on the “diamond” tier.
- Interview: Christopher Forbes, Head of CMC Invest Singapore on what they offer investors in emerging markets
- Special offer: New customers can claim a free share when they fund and trade a new CMC Invest account.
Pros
- Zero account fees
- Backed by CMC Markets
- Low FX fees for US investing
Cons
- Limited market range
- No options trading
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Pricing
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Market Access
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Online Platform
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Customer Service
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Research & Analysis
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