CLSA Premium Limited ("CLSA Premium") Is Registered In Grosvenor Place, Level 35, 225 George Street, Sydney Nsw 2000, Australia And Holds An Australian Financial Services Licence (afsl No: 226602) Issued By The Australian Securities And Investments Commission To Carry Out Financial Services Business In Australia. CLSA Premium Has Two Other Entities In Hong Kong And New Zealand Respectively: CLSA Premium International (hk) Limited Is Regulated By The Hong Kong Securities Supervision Commission Under Regulatory License Number Alb893, And CLSA Premiumnew Zealand Limited Is Regulated By The New Zealand FMA Under Regulatory License Number 1762. CLSA Premium Provides General Advice Only And Execution Only Services. It Does Not Accept Applications From Residents Of Japan Or The United States Of America.

Market Tools

The Tradable Financial Instruments Available On The CLSA Premium Platform Are Forex Trading, Precious Metals Trading, Commodities Trading, Stock CFD Trading, And Credit CFDs.

Account Types

Three Types Of Trading Accounts Are Available: Standard Account, Premium Account, Professional Account.

Standard Account Is Suitable For Most Ordinary Traders And Offers A Commission-free Trading Environment, Charging Only Spreads.

Premium Account Is Designed For Cost-conscious Traders Who Prefer Commission-based Trading And Have Relatively Small Spreads.

A Professional Account Is Ideal For Both Professional Traders And Experienced Traders Who Rely On Flexible Trading Conditions. There Is Less Consumer Protection For A Professional Account Trader As It Needs To Be Classified As A Wholesale Client.

However, The Minimum Deposit Requirements For Each Account Are Not Disclosed.

Leverage

The Maximum Leverage For Foreign Exchange Products Set By The Hong Kong Subsidiary Is 1:20. The Foreign Exchange Leverage Of The Australian Subsidiary Varies From 1:20 To 1:200, With Precious Metals Up To 1:100, Commodities Up To 1:20, And Index Products Ranging From 1:10 To 1:50. The Foreign Exchange Leverage Of The New Zealand Subsidiary Has Been Increased From 1:20 To 1:200, The Gold Dollar Leverage Is Up To 1:200, The Silver Dollar Is Up To 1:100, The Commodity Is Up To 1:100, And The Index Varies From 1:20 To 1:50. The Hong Kong Subsidiary Opens Individual Accounts And Institutional Accounts For Investors. The Australian Subsidiary Opens Multi-currency Accounts (standard Accounts) For Users. Traders Can Choose From US Dollars, Australian Dollars, New Zealand Dollars. Or Japanese Yen As The Base Currency. The Corresponding Account Types Are US Dollar Account, New Zealand Dollar Account, Australian Dollar Account And Japanese Yen Account.

Spreads And Commissions

CLSA Premium Lists Detailed Spread Information On Its Website, Including Minimum Spreads And Average Spreads. The EUR/USD Spread Is Around 0.9 Pips, The GBP/USD Spread Is 1.2 Pips, The Average Spread Is Around 2.9 Pips For The Gold Dollar And Around 10.70 Pips For The Gold Dollar.

Spreads And Commissions Are Also Determined By The Trading Account. Standard Accounts Offer Spreads Starting From 0.6 Pips With No Additional Commissions Charged. Premium Accounts Offer Highly Competitive Spreads Starting From 0.0 Pips With Commissions Starting From AUD $3.00 Per Side For Standard Contracts. Pro Accounts Also Offer Narrow Spreads Starting From 0.0 Pips, As Well As Commissions Starting From AUD $7 For Equity CFDs (from AUD $10 For US Equities).

Overnight Interest

When A Trader Holds One Or More Positions Overnight In Margin Forex Contracts Or CFDs (except For Exceptional Contracts), They Are Rolled Over To The Next Trading Day, Which Will Result In You Paying A Swap Fee Or Receiving Swap Proceeds. The Amount Is Determined By Us And Depends On Factors Including Swap Rates, Which Are The Rates At Which A Trader Charges Or Pays Interest On An Overnight Unpositioned Squaring Position.

Trading Platform

CLSA Premium Uses The Mt5 Trading Platform And Has A Variety Of Professional Technical Analysis Indicators For Easy And Fast Execution. Through The Mt5 Trading Platform, Investors Can Check The Global Real-time Quotes, Charts, Expert Reviews Anytime, Anywhere. Investors Keep Up With The Global Financial Marekt And Stay One Step Ahead Of The Ever-changing Market Competition. Users Can Log In To The Trading Platform Anytime, Anywhere 24/7 To View Account And Trade Related Information. The Platform Supports Desktop, Mobile Ios And Mobile Android Versions.

Deposit And Withdrawal

There Is No Minimum Deposit Requirement For Account Opening CLSA Premium. The Broker Allows Its Clients To Make Deposits And Withdrawals Via Bank Transfer, Telegraphic Transfer. The Deposits Usually Arrive In The Trader's Trading Account Within One Working Day. Bank Transfer/telegraphic Transfer, Transit Bank Or Remittance Bank May Charge Additional Transfer Fees. The Specific Amount Needs To Be Checked With The Bank, And The Company Does Not Charge Any Fees.

Educational Resources

Provides An Educational Resource Center To Help Beginner Traders Quickly Familiarize Themselves With Foreign Exchange Trading, Including Trading Strategy Sharing, Weekly Market Highlights.

CUSTOMER SUPPORT

CUSTOMERS WITH ANY QUESTIONS OR TRADING RELATED ISSUES CAN CONTACT CLSA Premium Via The Following Contact Channels:

Tel: + 61 2 8880 5588

Email: Services.au@clsapremium.com

Or You Can Also Follow The Broker On Some Social Media Platforms Such As Facebook, LinkedIn, Twitter And Instagram.

Trading Hours

24-hour Non-stop Service From 01:01 System Time On Monday (GMT + 3) To 23:50 System Time On Friday (GMT + 3). Daylight Saving Time Applies.

Pros And Cons

Pros: Wide Product Portfolio, No Minimum Deposit Requirements, Three Types Of Trading Accounts Available, Support For MT4 & MT5; 7/24 Customer Support

Cons: Limited Payment Options, Only Three Supported Languages