Chief Securities Account Types

Chief Securities offers various types of brokerage accounts to cater to different investment needs. The available account types include:

• Cash Account: This is the most basic type of brokerage account where investors must pay the full amount for securities purchased. No borrowing is allowed.
• Margin Account: This account allows investors to borrow money from the brokerage to purchase securities, using the securities in the portfolio as collateral.
• Custodian Account (P A/C): Designed for minors, where a custodian manages the account until the child reaches adulthood.
• Happy Kid Securities Sub-Account: A sub-account for account holders whose children are under 18, requiring a master securities account.
• Stock Options Account: For trading options on stocks.
• Futures and Options Account: Allows trading in futures and options.
• Global Securities Margin Account: A margin account that allows trading in global securities.
• Global Futures and Options: For trading global futures and options.

Chief Securities Broker Account Opening Process

Opening an account with Chief Securities can be done through several methods:

• E-Account Opening:
• Complete the online self-service application anytime, anywhere.
• Requires a deposit of no less than HK $10,000 from a registered bank account.
• Apply in Person:
• Make an online appointment or visit the headquarters or branches.
• No deposit funds are required at the time of application.
• Postal Application:
• Complete the application form and mail it to the headquarters, along with a copy of your ID and proof of address.
• A personal cheque of at least HK $10,000 must be included.

Required Documents:

• Hong Kong permanent resident: Permanent resident ID card.
• Non-permanent resident: ID card and visa or passport.
• Proof of address dated within the last 3 months (e.g., utility bills).
• Bank account proof issued by a local bank.

After submission, account approval times vary:

• E-account opening: Fast-track in 30 minutes or by next working day.
• In-person application: Fast-track in 30 minutes or by next working day.
• Postal application: 3-4 working days.

For more details, visit the Chief Securities website: Chief Securities Ltd