Accounts and opening requirements
Sections ↑The iTrade and UP services are not interchangeable versions of a single account. Their custody routes, funding, currency features and transfer capabilities differ. Margin financing adds a separate credit arrangement; a fully funded UP account should not be described using the financing account’s borrowing or collateral rules.[1][5][6][3]
Reference table01
Do not mix these account families
| Attribute | iTrade cash family | UP cash-upfront | Margin financing |
|---|---|---|---|
| Purpose | Cash securities dealing; several settlement/custody setups | Fully funded app investing and recurring purchases | Borrow against acceptable collateralSource 1Source 5Source 3 |
| Custody choice | Direct CDP linkage versus CDP sub-account/CUT/iCash arrangements | Custody within the UP service | Pledged financing portfolioSource 1Source 5Source 3 |
| Funding | Account-specific settlement and trust balances | Fund before trading; no specific starting deposit | Approved cash/share collateral and creditSource 2Source 5Source 3 |
| Transfers | Custody route and forms depend on the account | Stock transfers in and out are not currently supported | Release subject to financing constraintsSource 12Source 6Source 4 |
| Main platform | iTrade web/mobile; iTradePro separately described | UP mobile app | iTrade web/mobile or representativeSource 1Source 5Source 3 |
Reference table02
Application and permissions
| Item | Published terms and practical effect |
|---|---|
| iTrade activation | Existing cash-account clients register for the online facility; published activation estimate is two to three working days.Source 1 |
| Joint iTrade login | The described joint setup issues online credentials to one holder, rather than assuming two independent trading logins.Source 1 |
| Margin applicants | Individual/joint and corporate routes differ; corporate clients obtain the relevant documents through their representative.Source 3 |
| UP account | One UP trading account per person; approximately one working day for a complete application is an estimate, not an approval promise.Source 5 |
| Product eligibility | UP applies relevant Customer Account Review eligibility checks and W-8BEN requirements for applicable US trading.Source 6 |
Products and platforms
Sections ↑Reference table03
Instruments and device scope
| Item | Published terms and practical effect |
|---|---|
| iTrade | Browser, iOS/Android mobile and a separate desktop product are documented. Platform parity should be assessed by the needed function, not by the existence of an app.Source 1 |
| UP markets | SGX, Bursa Malaysia and US equities; selected fractional securities and recurring investment are available.Source 5 |
| Fractional ownership | Fractional eligibility is instrument-specific, not universal across a market.Source 6 |
| Leveraged products | MAS permissions include derivatives and leveraged foreign exchange, but separate service/account approval is required; UP itself is cash-upfront.Source 10Source 6 |
| Research | iTrade describes screening and analytical tools. A screening output is not an instruction to permit discretionary execution.Source 1 |
Trading fees and ongoing costs
Sections ↑Reference table04
Cash dealing: selected standard commissions
| Market / value band | CDP-linked online | CDP Sub / CUT / iCash online |
|---|---|---|
| iTrade SGX up to SGD 50,000 | 0.275%; minimum SGD 25 | 0.18%; minimum SGD 18Source 1 |
| iTrade SGX SGD 50,000–100,000 | 0.22%; minimum SGD 25 | 0.18%; minimum SGD 18Source 1 |
| iTrade SGX above SGD 100,000 | 0.18%; minimum SGD 25 | 0.18%; minimum SGD 18Source 1 |
Reference table05
UP is a different tariff
| Item | Published terms and practical effect |
|---|---|
| Singapore | Standard commission 0.06%, minimum SGD 1, plus SGD 1 platform fee.Source 7 |
| US: at least one share | Standard commission 0.05%, minimum USD 1, plus USD 1 platform fee.Source 7 |
| US: below one share | USD 0.50 standard commission plus USD 1 platform fee.Source 7 |
| Malaysia | At least 100 shares: 0.06%, minimum MYR 5.50; below 100 shares: MYR 2.50. Add MYR 1 platform fee.Source 7 |
| Fee waivers | Buy-side commission waivers and custody concessions are conditional, not the permanent standard tariff. Conflicting custody expiry labels are present on the page.Source 7 |
| Taxes and external costs | Applicable GST is 9%; clearing, exchange, settlement and statutory charges are additional. Do not label commission-free trading cost-free.Source 11Source 12Source 7 |
Reference table06
Financing economics
| Item | Published terms and practical effect |
|---|---|
| General schedule | Published SGD financing: three-month SORA + 4.00% a year; HKD uses three-month HIBOR, USD overnight SOFR, with the stated spread.Source 3 |
| Grade-based scheme | Qualifying Grade A SGD/USD collateral starts at reference rate + 1.25% a year; higher grades/spreads and blended calculations apply.Source 3 |
| Accrual | Interest is charged on credit used on a daily-rest basis, not on a guaranteed static annual rate.Source 3 |
| Collateral capacity | Advertised maximum is five times cash or four times eligible shares. The illustrated cash-based buying power includes the deposited cash.Source 3 |
Orders, execution and risk controls
Sections ↑Reference table07
Orders, financing and recurring controls
| Item | Published terms and practical effect |
|---|---|
| Margin threshold | Published financing-ratio maintenance is 125%; the firm can prescribe other requirements. It is not equivalent to 125% leverage.Source 4 |
| Margin trades | No contra treatment for margin purchases; contracts must settle. IPO/rights/employee subscriptions use a different facility.Source 4 |
| Margin withdrawal | Cash or securities release requires approval and adequate coverage before and after release.Source 4 |
| UP orders | Market and limit orders; the FAQ does not offer US pre-/after-market sessions.Source 6 |
| SaveUP edits | Edit more than thirty minutes before execution. No pause function; cancel to stop.Source 6 |
| Continuing holdings | Cancelling a future recurring purchase does not sell already acquired holdings. This is a recurring-plan distinction, not a copy-trading exit.Source 6 |
Deposits, withdrawals and transfers
Sections ↑Reference table08
Funding and currency differences
| Item | Published terms and practical effect |
|---|---|
| iTrade trust balances | Eight listed currencies; the displayed SGD equivalent is reporting, not automatic conversion of every cash balance.Source 2 |
| iTrade withdrawal | Instruct the representative and supply verified bank details. Remitting/receiving bank costs can reduce the amount received.Source 2 |
| UP bank funding | Own-bank PayNow, FAST or telegraphic transfer; no third-party/remittance-app funding.Source 6 |
| UP withdrawal setup | One nominated bank per currency; verify with a statement from the past three months.Source 6 |
| UP currency exchange | SGD/USD conversion has a bid–ask spread despite no separate conversion fee; MYR conversion is not supported.Source 6 |
| Cash availability | Market settlement, bank verification and loan obligations are distinct stages; neither a portfolio valuation nor an order confirmation guarantees immediate withdrawal.Source 2Source 4 |
Regulation, custody and protection
Sections ↑Reference table09
Regulation and custody scope
| Item | Published terms and practical effect |
|---|---|
| Official status | The exact Singapore company is a MAS Capital Markets Services Licensee covering securities, financing, custody and other listed activities.Source 10 |
| Licence reference | UP publishes CMS000139. This is broker-published licence numbering; the MAS record independently confirms the company and activities.Source 5Source 10 |
| CDP relationship | Personal CDP custody and a broker-operated sub-account are different structures. Account choice affects who administers shareholder actions.Source 12Source 1 |
| Segregation | UP states that client assets are segregated from the broker’s own assets. This is not a promise against price falls or every custodial shortfall.Source 9 |
| Insurance cap | No fixed universally applicable retail portfolio insurance amount was established. US market access alone is not proof of direct US SIPC membership for the customer account.Source 10Source 9 |
Support and account administration
Sections ↑Reference table10
Security, records and assistance
| Item | Published terms and practical effect |
|---|---|
| iTrade support | 1800 538 9889 in Singapore or +65 6538 9889; the FAQ gives weekday 08:00–18:00 client-service hours.Source 2 |
| Outage dealing | Contact the representative or client-services route; a web error is not confirmation that an earlier order is absent.Source 2 |
| Mandatory authentication | Current iTrade instructions require 2FA for trading/account functions even when the first login step can be skipped.Source 2 |
| UP assistance | Use the app inquiry form or [email protected]; it is distinct from the iTrade support workflow.Source 6 |
| iTrade statement retention | Monthly statements: twelve months; contract notes: three months. Electronic statements are free and replace paper when selected.Source 2 |
| UP statements | Reports are requested inside the app; paper statements are not offered under the stated service.Source 6 |
Research, reporting and additional services
Sections ↑Reference table11
Recurring investment and account administration
| Item | Published terms and practical effect |
|---|---|
| SaveUP purpose | A standing investment instruction, not another trader choosing trades for the customer.Source 5 |
| Promotions | Reward pages contain dated 2025/early-2026 examples. Their continued presence is not proof a new October 2026 applicant qualifies.Source 8 |
| UP inactivity | No maintenance/inactivity fee in the FAQ; the tariff’s custody-waiver discrepancy remains separate.Source 6Source 7 |
| iTrade inactivity | No single verified automatic-closure deadline for all iTrade account families was established.Source 2 |
| API access | No general retail execution API permission was established in the reviewed iTrade/UP descriptions. Trading screens and research tools are not API authorisation.Source 1Source 5 |
Company identity and evidence
Sections ↑Reference table12
Identity and evidence boundaries
| Item | Published terms and practical effect |
|---|---|
| Company | CGS International Securities Singapore Pte. Ltd., not the separately regulated Malaysian service.Source 10 |
| Brand continuity | CGS-CIMB is retained as a discovery alias; current official product and MAS pages identify CGS International.Source 1Source 10 |
| Two platforms | iTrade and UP share a provider but have separate account, fee and transfer rules.Source 1Source 5Source 6 |
| Retrieval limits | Several main-site pages rendered only a JavaScript shell; their indexed official text was used and the retrieval method is recorded. Unretrieved legal PDF clauses are not asserted.Source 1Source 2Source 3 |
| Tariff disagreement | The UP custody schedule repeats an expired September 2025 waiver beside an open-ended waiver. Confirm the operative concession rather than treating it as permanent.Source 7 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
CGS International Securities Singapore Pte. Ltd.
No separate licence entry is recorded in this panel.
Sources & further reading
- CGS iTrade platforms and cash-account pricing CGS International — Singapore · Accessed 13 Oct 2026
- iTrade accounts, payments, security and statements CGS International — Singapore · Accessed 13 Oct 2026
- Margin financing and grade-based rates CGS International — Singapore · Accessed 13 Oct 2026
- Margin withdrawals and maintenance CGS International — Singapore · Accessed 13 Oct 2026
- UP platform and account opening CGS International — Singapore · Accessed 13 Oct 2026
- UP operating FAQ CGS International — Singapore · Accessed 13 Oct 2026
- UP standard market-specific prices CGS International — Singapore · Accessed 13 Oct 2026
- UP account-opening rewards CGS International — Singapore · Accessed 13 Oct 2026
- UP segregation statement CGS International — Singapore · Accessed 13 Oct 2026
- CGSI Singapore official MAS record Monetary Authority of Singapore · Accessed 13 Oct 2026
- Singapore GST rate Inland Revenue Authority of Singapore · Accessed 13 Oct 2026
- Securities account and custody distinctions MoneySense · Accessed 13 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.