General Information & Regulation
CLSA Premium Pty Limited (“CLSA Premium”) is registered in Australia at Grosvenor Place, Level 35, 225 George Street, Sydney NSW 2000, and holds an Australian Financial Services License issued by the Australian Securities and Investments Commission (AFSL No: 226602) to carry on a financial services business in Australia. CLSA Premium has other two entities in Hong Kong and New Zealand, respectively: CLSA Premium International (HK) Limited is under the regulation of SFC in Hong Kong, with regulatory license number ALB893, and CLSA PREMIUM NEW ZEALAND LIMITED regulated by FMA in New Zealand, with regulatory license number 1762. CLSA Premium provides only general advice and execution-only services. It does not accept applications from residents of Japan or the United States of America.
Market Instruments
Tradable financial instruments available on CLSA Premium platform are Forex trading, Precious Metals trading, Commodities trading,share CFD trading and Credit Spead CFDs.
Minimum Deposit of
The minimum deposit requirement part is not fully disclosed on CLSA Premium. This is pretty weird. Most brokers will requires a minimum initial depsoit of $100 to $200 to start a standard account.
Leverage
The maximum leverage of forex products set by the Hong Kong subsidiary is 1:20. The Australian subsidiary's forex leverage is varying from 1:20 to 1:200, for precious metals up to 1:100, for commodities up to 1:20, and for index products varying from 1:10 to 1:50. The New Zealand subsidiary's forex leverage goes from 1:20 to 1:200, the leverage for gold price in US dollar is up to 1:200, for silver price in US dollar up to 1:100, for commodities up to 1:100, and for indices varying from 1:20 to 1: 50. The Hong Kong subsidiary sets up personal accounts and institutional accounts for investors. The Australian subsidiary sets up multi-currency accounts (standard accounts) for users and traders can choose US dollars, Australian dollars, New Zealand dollars. or Japanese yen as the base currency, and the corresponding account types are US dollar accounts, New Zealand dollar account, Australian dollar account, and Japanese yen account.
Spreads & Commissions
CLSA Premium lists detailed spread informtion on its website, minimum spread and average spread both included. The spread on EURUSD is around 0.9 pips, GBPUSD 1.2 pips, average spreadon XAUUSD around 2.9 pips, spread on XAGUSD around 10.70 pips. Spreads offered by ClSA Premium, much high than most brokers, can increase trading costs.
Swap Charges
When traders hold a Position or Positions overnight in a Margin FX Contract or CFD (other than an Excepted Contract) they will be rolled to the next Trading Day, which will result in you paying a Swap Charge or receiving a Swap Benefit. The amount is determined by us and depends on factors including Swap Rate, being the rates at which traders receive or pay interest on Positions that remain open overnight.
Trading Platform of CLSA Premium
CLSA Premium uses the MT5 trading platform, which has a variety of professional technical analysis indicators, convenient and fast execution. Through the MT5 trading platform, investors can query real-time prices, trend charts, expert comments anytime and anywhere in the world. Investors keep abreast of the global financial market and stay one step ahead of the fast-changing market competition. Users can log in to the trading platform anytime and anywhere to view account and transaction-related information 24/7. The platform supports desktop, mobile iOS, and mobile Android versions.
Deposit & Withdrawal of CLSA Premium
The deposit and withdrawal methods support bank transfers, wire transfers, and deposits will usually reach the traders' trading account within one working day. Bank transfers/wire transfers, intermediary banks, or remittance banks may charge additional transfer fees, and the specific amount needs inquiring the bank, no fees charged by the company.
Trading Hours
24 hours non-stop services from Monday system time 01:01 (GMT+3) to Friday system time 23:50 (GMT+3).Daylight saving hours apply.
