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Pros
High leverage options available for experienced traders, up to 500:1.
Access to a variety of trading instruments, including forex, precious metals, and commodities.
User-friendly trading platform (MT5) with advanced features for technical analysis.
Cons
No regulatory oversight, raising concerns about safety and security of funds.
High minimum deposit requirement of $1,000, which is significantly higher than many competitors.
Numerous complaints about withdrawal issues, indicating potential difficulties in accessing funds.
Asia Stock broker Accounts
Asia Securities Account Type
Asia Securities offers various types of accounts tailored to meet the needs of different investors. The primary account types include:
- CDS Account: Required for trading on the Colombo Stock Exchange (CSE). This account allows clients to buy and sell shares listed on the CSE.
- Individual Account: For local individuals who are citizens of Sri Lanka, allowing them to trade in the local market.
- Corporate Account: Designed for companies incorporated under the Companies Act of Sri Lanka, enabling them to trade on behalf of the business.
- Non-Resident Account: For Sri Lankan citizens residing outside Sri Lanka, allowing them to invest in the local stock market.
- Foreign Company Account: For companies not incorporated in Sri Lanka, allowing them to participate in the CSE.
- Download the CSE Mobile App: Start the application process through the app.
- Fill in Personal Information: Provide your name, residential information, bank details, and employment information.
- Complete the PEP Questionnaire: Answer the Politically Exposed Persons (PEP) questionnaire.
- Upload Required Documents: Include a selfie, your National Identity Card (NIC), proof of residency, and bank statement.
- Review Terms and Conditions: Carefully read and confirm the terms before submitting your application.
- Download Account Opening Forms: Obtain the necessary forms from the Asia Securities website.
- Complete the Forms: Fill in the required information accurately.
- Submit Forms via Email: Send the completed forms along with the relevant documents to newclients@asiasecurities.lk.
- Online Fund Transfer
- Cheque
- Direct Deposit to designated banks.
- Peoples' Bank
- DFCC Bank
- Commercial Bank
- Nations Trust Bank
- Sampath Bank
Asia Securities Broker Account Opening Process
Opening an account with Asia Securities can be done through two primary methods:
Method 1: Paperless, Digital Account Opening
Method 2: Register via Email
Funding Your Account
Once your CDS account is opened, you can fund it through:
The preferred banks include:
For any deposits, notify your Asia Securities investment advisor or email deposit@asiasecurities.lk with your CDS number.
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