facebookProsperUs Reviews and Comparison - Seedly
4.6
98 reviews
claimed

Claimed

This product is managed by CGS-CIMB.

Summary

ProsperUs Online Brokerage

ProsperUs is a digital investment service by CGS-CIMB that allows you to gain access to multiple asset classes across global markets. With just one account, you can invest anywhere around the globe and the clock.

Product Page Transparency

  • Claimed in May 2021
  • Pays to access additional features

Brokerage Features & Details

1) Key Features

  • Offers access to 8 asset classes across 30 exchanges and 25 markets, which comprises 30,000 instruments 
  • Access educational resources such as investment insights, webinars, and podcasts
  • Become a part of ProsperUs Club where like-minded members can engage and share investment knowledge. Members may also be able to experience perks such as wood crafting, martini tasting, and flotation therapy
  • ProsperUs Young Investors Engagement programme which aims to educate young investors to make better investment decisions 

2) Fees

  • Commission fees:
    - SG stocks & ETFs: Minimum 0.06%
    - US Stocks & ETFs: Minimum US$5
  • Custody fee: S$0
  • Platform fee: S$0
  • Transfer fee: S$0
  • Exit fee: 
    - Agent fee: EUR$50 per counter
    - Handling fee: S$10 per counter

3) Account Opening

  • Minimum age: 18 years old
  • Account opening fee: S$0
  • Payment & deposit methods: Paynow, FAST, Bank Transfer and TT
  • Minimum investment required: S$0

4) Products Offered 

  • Stocks
  • Shares
  • ETF
  • Bonds 
  • Mutual Funds
  • CFPs
  • Forex
  • Options
  • Futures
...see more

ProsperUs

$0

MINIMUM FEE

0.06% to 0.15%

TRADING FEES

Custodian

STOCK HOLDING TYPE

ProsperUs

$0

MINIMUM FEE

0.06% to 0.15%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Reviews (98)

4.6

98 Reviews

5
75
4
16
3
2
2
3
1
2

Service Rating

Customer Support

4.8

User Experience

4.5
    pinned

    Pinned by CGS-CIMB

      Posted 20 Jul 2022

      Purchased

      ProsperUs

      Overall good and innovative. The one holistic platform to invest globally. It is also among the cheapest platform to invest in Singapore SGX. [Market Access] Great coverage including major exchanges worldwide that allow users to truly invest in stocks & ETFs globally. All stocks & instruments in the exchange are available to trade and is not like some other platform that implements a "tradable list" that only allows trading certain stocks. [Commission Rates] The commission rate in SGX is really amazing(0.1%) without minimum brokerage and other charges. The commission rates for other regions' exchange such as Europe, London, are still acceptable as there is not much cheaper alternative platforms. However, the US stock trading commissions still need to improve as there are many cheaper alternative platforms. [Stock trading size] The platform cannot support fractional trading. Need to improve on this. [User Interface] The trading website is the best that I've used before. The functions and user interface are very complete and intuitive and stable. I can easily get all the information I want. It can suit all kinds of users such as casual users who want straight forward dashboard/report or advanced users who need all sorts of technical data and advanced configurations. All important details such as transaction details and analysis will be displayed neatly and elegantly on the platform without having the user dig it out from the complex interface. [Forex rate] The foreign currency conversion rate in the platforms is competitive and cheap and is comparable with FinTech forex platform. The platform provides multi-currency account where users can directly deposit the foreign currency into it. [Customer Service] The customer service is really helpful and try to accomodate the request. Tried to request to add some stocks & ETFs to the platform and they can do it in a day. Usually customer service will reply to an email enquiry in about half a day. [Sign-up] The sign-up is easy. It is also friendly to foreign traders as only local gov ID is needed.

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      22 Jul 2022

      Hey there! Thank you for your awesome review. We are glad that you had a good experience with our team! Do check out our current Friends with Benefits campaign to earn more rewards :)
      https://www.prosperus.asia/promotion/friends-wi...

      Posted 11d ago

      Purchased

      ProsperUs

      I like the platform being user friendly. Easy to perform the trades. Rates and charges are very transparent to ensure that user are well informed. Highly recommended to try their platform.

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      11d ago

      Hey Linda, thank you for the awesome review. We are glad you enjoy using our platform. Do check out how to score more rewards when you get your friends onboard with ProsperUs :)
      https://www.prosperus.asia/promotion/friends-wi...

      Posted 12d ago

      Purchased

      ProsperUs

      [Commission Rates] Very affordable and one of the best rates [User Interface] User friendly and easy to trade [Customer Service] Friendly and efficient [Market Access] Wide variety to various markets

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      12d ago

      Hey James! Thanks for the awesome review! Happy Investing :)

      Posted 12d ago

      Purchased

      ProsperUs

      [Market Access] Access to multiple markets in one platform [Products Offered] A lot of products offered to cater to your trading styles [User Interface] User friendly and easy to use interface. Easy to learn too.

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      12d ago

      Hello Wong! Thanks for the awesome review! We are glad that you enjoy using our platform.
      Remember to check our our referral promotions to score more rewards :) https://www.prosperus.asia/promotion/

      Posted 13d ago

      Purchased

      ProsperUs

      [Commission Rates] Extremely competitive commission rates especially for SGX. [Customer Service] Great customer service personnel, able to address my enquiries promptly. [Others] Wide range of product offerings. able to trade multiple products using 1 account.

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      12d ago

      Hey Chace! thanks for the awesome review. Happy investing!
      Do check out our ongoing promotions to score more rewards. :) https://www.prosperus.asia/promotion/

      Posted 16d ago

      Purchased

      ProsperUs

      Reasonable rate, products offered wide range of markets. Easy to signup using my info. Great customer service.

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      13d ago

      Hello Kai! Thanks for the awesome review. Glad that you enjoy using our platform. Check out our current promotions to score more rewards! :)
      https://www.prosperus.asia/promotion/

      Posted 16d ago

      Purchased

      ProsperUs

      Easy execution of trades. Prefer the desktop application which work great for me. Overall a good experience with ProsperUs.

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      13d ago

      Hey John! thanks for the awesome review. Check out our current promotions to score more rewards! :)
      https://www.prosperus.asia/promotion/

      Posted 16d ago

      Purchased

      ProsperUs

      Platform is very user friendly. Trades are easy to perform. Very transparent about the charges. Commission rates is very competitive too. Overall, I feel is a good trading platform to start with ProsperUs.

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      25 Apr 2022

      Hey there! Thank you for the awesome review. We are glad that you like our platform :) Happy investing!

      Posted 16d ago

      Purchased

      ProsperUs

      User friendly UI and UX. As a beginner, I find it seamless and convenient to trade because the site is easily understandable for new users! I also like how visibly the rates and charges are displayed to inform and make users aware of what they are doing for before finailisng the trade/deal!

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      13d ago

      Hey Valery! thanks for the awesome review. We are elated that you enjoy using our app. Happy investing :)

      Posted 19 Aug 2022

      Purchased

      ProsperUs

      [User Interface] poor user experience. need 2FA even with biometric login. app felt like web app packaged into a native app - sluggish, not fast enough. user interface not intuitive.

      1

      What are your thoughts?

      ProsperUs

      ProsperUs

      29 Aug 2022

      Hey Keith! Thank you for the feedback. The 2FA is an extra layer of protection to ensure security of online accounts are safeguarded against malicious intent. The team is continuously working to improve the app user experience.

    Discussions (0)

      No Posts Found.

      Features and Benefits of ProsperUs      

      1. Education
        If you’re new to investing or still on your journey to learn more, ProsperUs has educational insights to guide you on the tips and tricks needed to succeed over the long term.
      2. Market Insights
        Looking for investing ideas? ProsperUs' Inspiration pieces provide seasoned and beginner investors alike with potential investment ideas from the US, Hong Kong and Singapore stock markets.
      3. Multi-Asset
        Being truly diversified means owning different asset classes. ProsperUs' comprehensive platform allows you instant access to stocks, bonds, funds, options, FX and futures, as well as many more.
      4. Multi-Market
        Access to over 30 exchanges across 11 markets such as SGX, Bursa, TSE, Amex, NYSE, NASDAQ and LSE.
      5. Funding
        Fund your account quickly and seamlessly with your personalised PayNow QR code to see instant deposits reflected in your account.
      6. Dashboard
        Long-term investor or short-term trader? Whatever your style, ProsperUs' customised investing dashboards provide you with an easy-to-use interface and everything you need to know about your portfolio.           

      Types of Platforms available with ProsperUs

      BUILD

      Features:

      • The Build account is the place to start for clients who prefer a longer-term approach to investing.
      • Portfolio views by asset class, industry sector and currency exposure.
      • Historical portfolio performance and earnings.
      • Thematic portfolios selected by our Research Analysts.
      • Build-your-own portfolio guides.
      • Tools to help you screen, filter and select the right investments.

      BOOST

      Features:

      • The Boost account is ideal for clients who prefer trading in real-time and tracking price movements and market volatility.
      • Configurable trading dashboard, customizable watchlists and alerts.
      • Price, order and technical trading data and charts.
      • Selection of trade order types to easily manage your trades.
      • Live newsfeed, technical calls and trade signals.

      ProsperUs Brokerage Fees and Charges

      Exchange

      Rookie
      S$19,999 and below

      All-Star
      S$20,000 – S$50,000

      Hall of Fame
      S$50,001 and above

      Australia Securities Exchange

      0.10% (min. AUD 8)

      0.09% (min. AUD 7)

      0.08% (min. AUD 6)

      American Stock Exchange

      Flat – USD 5

      Flat – USD 5

      Flat – USD 5

      Bursa Malaysia

      0.15% (min. MYR 30)

      0.12% (min. MYR 25)

      0.09% (min. MYR 20)

      Hong Kong Exchange

      0.15% (min. HKD 40)

      0.12% (min. HKD 30)

      0.08% (min. HKD 20)

      London Stock Exchange

      0.10% (min. GBP 7)

      0.09% (min. GBP 6)

      0.08% (min. GBP 5)

      New York Stock Exchange
      (Including ACRA)

      Flat – USD 5

      Flat – USD 5

      Flat – USD 5

      NASDAQ
      (Including NSC)

      Flat – USD 5

      Flat – USD 5

      Flat – USD 5

      Shanghai Stock Exchange

      0.12% (min. CNH 40)

      0.11% (min. CNH 30)

      0.10% (min. CNH 20)

      Shenzhen Stock Exchange

      0.12% (min. CNH 40)

      0.11% (min. CNH 30)

      0.10% (min. CNH 20)

      Singapore Exchange

      0.10%

      0.08%

      0.06%

      Tokyo Stock Exchange

      0.15% (min. JPY 1,500)

      0.12% (min. JPY 1,200)

      0.10% (min. JPY 1,000)

      Toronto Stock Exchange

      CAD 0.03/Share (min. CAD 15)

      CAD 0.02/Share (min. CAD 12)

      CAD 0.015/Share (min. CAD 10)

      Trading Fees for ProsperUs

      Visit https://www.prosperus.asia/pricing/ for the full pricing list

      Still need some help? Check out Seedly's Ultimate Online Brokerage Cheatsheet to get a second opinion!

      ProsperUs Club

      Join and be a part of the ProsperUs Club, a place where all their members can experience unique lifestyle-related perks.

      These can include specially-curated stock picks to grow your portfolio, regular lifestyle rewards and account benefits such as commission-free trades.

      Be part of a like-minded community that shares investment knowledge, from promising long-term stock ideas to how we can build a balanced portfolio.

      Finally, stay-up-to-date with the investment world via our monthly newsletter and receive extra goodies on your birthday month.

      Contact ProsperUs

      • Email: [email protected]
      • Drop them a DM on Instagram @prosperusasia
      • Visit ProsperUS by CGS CIMB on their official website

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.