Apex Securities Account Type

Apex Securities offers a variety of account types to cater to the diverse needs of investors. Here are the main types of accounts available:

• Collateralized Trading Account (CTA): This account allows clients to have a lien over securities and collateral, providing higher trading limits and better brokerage rates compared to a standard retail account. Accepts shares and cash as collateral.
• Benefits:
• Central Depository System (CDS) account opened under the applicants name.
• Can be used for Initial Public Offerings (IPOs) and Employee Share Option Scheme (ESOS) applications.
• Shares can be transferred between your own CDS accounts or immediate family members.
• Earn interest on your credit balance.
• Securitized Trading Account (STA): Similar to CTA, this account offers clients with pledged collateral a higher trading limit and better brokerage rates.
• Benefits:
• Corporate exercise handled by the company.
• Shares can be transferred between own CDS accounts.
• Earn interest on your credit balance.

• Discretionary Financing Account (DFA): This account allows clients to settle outstanding purchases for on-market transactions between T+3 and T+7.

• Margin Financing Account (MFA): Provides financing to increase clients' investment funds for shares trading in securities listed on Bursa Malaysia, accepting shares and cash as collateral.

• Cash Up Front Account: Requires full payment before trading.

Apex Securities Broker Account Opening Process

Opening an account with Apex Securities is a straightforward process. Here are the steps involved:

• Eligibility: Any individual or corporate entity can apply for an account. The minimum age to open a trading account is 18 years.

• Document Checklist: Prepare the following documents:

• Photocopy of NRIC or passport.
• Latest bank statement or bank passbook.
• Account Types: Choose the type of account you wish to open:
• Collateralized Trading Account (CTA)
• Securitized Trading Account (STA)
• Discretionary Financing Account (DFA)
• Margin Financing Account (MFA)
• Cash Up Front Account

• Application Submission: Complete the necessary forms and submit them along with the required documents to Apex Securities. If you are a new client, ensure to fill out the CDS opening form and the trading account application form.

• Processing Time: The application will be processed within 2-3 working days, provided all documents are duly completed and signed.

• Activation: Once your account is approved, you will receive confirmation via email or phone, and you can start trading.

For more information, you can visit Apex Securities.