Citibank Brokerage Account Types

Citibank offers various brokerage account types to cater to different investor needs. The primary types of accounts include:

• Individual Brokerage Account: Designed for individual investors, allowing them to manage their own investments in U.S., Singapore, and Hong Kong markets.
• Joint Brokerage Account: Suitable for two or more individuals who want to invest together, providing shared access and management of the account.
• Corporate Brokerage Account: Intended for businesses looking to invest in securities, allowing multiple authorized persons to manage the account.
• Retirement Accounts: Options such as IRAs that provide tax advantages for retirement savings, including Traditional and Roth IRAs.
• Professional Accounts: Tailored for experienced investors or institutions, offering advanced trading features and lower commission rates.

Each account type comes with its own set of features, benefits, and commission structures tailored to the investor's profile.

Citibank Broker Account Opening Process

Opening a Citibank brokerage account involves a straightforward process that can be completed in just a few steps:

• Eligibility: Ensure you meet the eligibility criteria:
• Must be a Singapore citizen, permanent resident, or employment pass holder.
• Aged 21 years or above.
• Must not be a U.S. person.
• Application:
• For existing Citibank customers, log in to Citibank Online, navigate to the investment services section, and select "brokerage account opening."
• New customers can visit any Citibank branch to complete the brokerage account opening form.
• Documentation: Prepare and submit necessary documents, including:
• Identification (e.g., passport or national ID).
• Proof of address (e.g., utility bill or bank statement).
• Funding the Account: After approval, fund your brokerage cash account via:
• Online transfer from another Citibank account or bank.
• Check deposit.
• Cash deposit at Citibank branches or ATMs.

• Account Activation: You will receive an SMS and email notification once your account is activated, typically within 3-5 business days.

• Start Trading: Once your account is funded, you can begin trading through Citibank Online, the Citi Mobile app, or by calling the brokerage hotline.

For more information, visit Citibank Brokerage.