What is CGSEC？
Country Group Securities Company Limited (CGSEC) is a stock brokerage firm based in Thailand and is a subsidiary of Country Group Holdings Public Company Limited (CGH). CGH, founded in 2014, is an investment holding and private company listed on the Stock Exchange of Thailand (SET) that focuses on long-term investments in various sectors.
It is important to note that currently, CGSEC does not have valid regulation and lacks government or financial authority oversight of its operations. Despite the lack of regulation, CGSEC offers a comprehensive range of trading instruments across different asset classes. Their services cater to the needs of individual investors, high-net-worth individuals, institutional investors, and companies involved in investment banking transactions.
If you would like to learn more, we extend an invitation for you to peruse our forthcoming article. There, we will conduct a thorough evaluation of the broker from multiple perspectives, offering well-structured and concise information. To conclude the article, we will provide a succinct summary that encompasses the key characteristics of the broker, providing you with a comprehensive overview.
Pros & Cons
Pros of CGSEC:
- A range of trading products: CGSEC offers a variety of trading products, providing investors with options to diversify their portfolio.
- Live chat available: CGSEC offers live chat support, allowing users to seek assistance and resolve queries in real-time.
- FAQs for self-help: CGSEC provides a frequently asked questions (FAQs) section, which can be helpful for users looking for quick answers to common questions.
Cons of CGSEC:
- Not regulated: One major drawback of CGSEC is that it currently lacks regulation, meaning there is no government or financial authority oversighting their operations. This can pose increased risks for investors.
- No 24/7 customer support: CGSEC does not offer round-the-clock customer support, which may be inconvenient for users requiring immediate assistance outside regular business hours.
- No social media presence: CGSEC does not have a presence on social media platforms, which can limit opportunities for users to engage with the company, stay updated on news and updates, or interact with other customers.
Is CGSEC Safe or Scam？
CGSEC lacks proper regulation, indicating the absence of oversight from government or financial authorities in monitoring their operations. This poses a significant risk for potential investors. Before deciding to invest with CGSEC, it is crucial to conduct thorough research, carefully evaluate the potential benefits and drawbacks, and take into account that it is generally advisable to choose brokers that are well-regulated to ensure the safety of your funds.
Market Instruments
CGSEC offers a comprehensive range of trading instruments across different asset classes, catering to the diverse needs of individual investors, high-net-worth individuals, institutional investors, and companies engaged in investment banking transactions.
For Personal:
Thai Equities: CGSEC provides trading services for Thai equities, allowing investors to buy and sell shares of companies listed on the Thai stock exchange. This includes large-cap, mid-cap, and small-cap stocks across various industries.
Derivatives: CGSEC offers trading in derivatives, such as futures and options. These instruments allow investors to speculate on the future price movements of underlying assets, such as commodities, currencies, or stock market indices.
Mutual Funds: CGSEC offers access to a range of mutual funds. These funds pool investments from multiple investors and are managed by professional fund managers. Investors can choose from different types of mutual funds, including equity funds, bond funds, balanced funds, and more.
Block Trade: CGSEC facilitates block trades, which involve large transactions of securities between institutional investors. These trades typically involve a large number of shares or bonds and are executed off the regular market exchange.
Bonds: CGSEC provides trading services for bonds, including government bonds, corporate bonds, and other fixed-income securities. These instruments offer a fixed interest rate and are used by investors to generate income and manage risk in their portfolios.
Securities Borrowing and Lending (SBL): CGSEC offers SBL services for securities lending and borrowing, allowing investors to borrow or lend securities for short-term purposes, such as short-selling or hedging.
Structured Notes: CGSEC offers structured notes, which are debt securities linked to underlying assets. These instruments provide investors with customized exposure to specific market themes or trends.
Private Wealth: CGSEC offers trading instruments tailored to the needs of high-net-worth individuals and families. These may include exclusive investment opportunities, customized portfolio management, and access to alternative investments.
For Corporate:
Institutional: CGSEC provides trading solutions for institutional investors, including asset management, custodial services, and securities lending. These instruments are designed to meet the specific needs and goals of institutional clients, such as pension funds, endowments, and foundations.
Investment Banking: CGSEC's investment banking services encompass various instruments used in corporate finance, such as initial public offerings (IPOs), mergers and acquisitions (M&A), debt and equity financing, and strategic advisory services.
Accounts
CGSEC offers three distinct types of stock accounts, each with its own unique characteristics:
Trading Platform
Pi Financial is a mobile application developed by Pi Securities that provides users with a simplified trading experience. It offers a wide range of investment services in various types of assets, including Thai stocks, global stocks, mutual funds, and derivatives.
With Pi Financial, users can easily invest in these assets and stay updated on financial trends, all within one convenient platform. The mobile app is designed to give users the ability to grow and manage their investment portfolio anywhere, anytime, right at their fingertips.
Fees & Commissions
CGSEC, like most investment firms, charges fees and commissions for the different products and services that it offers. The specific fees and commissions charged by CGSEC vary depending on the product or service.
For instance, in the chart of fees of equity:
The company levies a trading fee, which amounts to 0.005% of the daily turnover, to cover the cost of sending the remittance to the Stock Exchange of Thailand. Additionally, a clearing fee is imposed, amounting to 0.001% of the daily turnover, to cover the cost of delivering securities to the Securities Depository. The company also applies a regulatory fee, which is charged at a rate of 0.001% of daily turnover, to cover costs associated with submitting regulatory reports to the Office of the Securities and Exchange Commission.
It is important to note that these fees are subject to change, and clients should always consult with CGSEC directly for current information on fees and commissions.
Deposits & Withdrawals
1. Go to the “Home” page and click on the “Deposit” option.
2. Choose the specific account where you want to deposit the funds.
3. Enter the desired deposit amount.
4. Select the QR deposit method and a QR code will be shown on the screen. Use a scanning banking app to download and make the deposit from your bank account by scanning the QR code.
5. Alternatively, you can opt for the ATS deposit method, which will automatically deduct the funds from your registered bank account with us.
Steps to withdraw funds to your Cash Balance account
1. Select “Withdrawal” on the “Home” page.
2. Select the account you wish to withdraw money from.
3. Specify the bank account that receives the money.
4. Enter the amount you wish to withdraw.
5. Confirm your withdrawal with 2-factor authentication
Customer Service
CGSEC offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Phone: 02-205-7000
Email: support@pi.financial (Monday to Friday from 8:00 AM to 6:00 PM, except on national holidays)
LINE: @pisecurities
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, YouTube and Linkedin.
Whats more, CGSEC provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, CGSEC aims to provide transparency and clarity to their clients, helping them make informed decision.
Conclusion
In conclusion, CGSEC is a stock brokerage firm providing a wide range of investment services in Thailand. However, it is important to note that currently, CGSEC does not have valid regulation and lacks government or financial authority oversight of its operations. This absence of oversight may introduce higher risks for investors.
Therefore, potential investors should conduct thorough research, consider the potential risks and rewards, and keep in mind that it is generally recommended to choose well-regulated brokers to ensure the protection of their funds.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
