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).
Citibank Korea accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .