Hong Leong Investment Bank broker Accounts

hong leong investment bank Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: hong leong investment bank Account Types Overview

hong leong investment bank Account Types Explained

Hong Leong Investment Bank offers a variety of account types tailored to meet different trading needs. Below is a comprehensive overview of the available account types:

1. HLeBroking Account

• Minimum Deposit Requirement: RM1,000
• Spread/Commission Structure: Low brokerage fees starting from 0.08% of contract value.
• Leverage Options: Up to 2.5x on cash and shares pledged as collateral.
• Key Features: Real-time stock information, mobile trading, and online cash withdrawal requests.
• Target User Profile: Suitable for retail investors and traders looking for flexibility in trading.
• Trading Instruments Available: Stocks, ETFs, and IPOs.

1. Foreign Currency Account

• Minimum Deposit Requirement: Varies by currency (e.g., USD 1,000 for USD accounts).
• Spread/Commission Structure: Competitive rates based on currency market conditions.
• Leverage Options: Not applicable for currency accounts.
• Key Features: Ability to hold multiple currencies, ideal for international transactions.
• Target User Profile: Individuals who frequently transact in foreign currencies.
• Trading Instruments Available: Foreign currencies.

1. Portfolio Investment Account-i

• Minimum Deposit Requirement: RM1,000
• Spread/Commission Structure: Expected profit return of 6% p.a.
• Leverage Options: Not applicable.
• Key Features: Shariah-compliant investment options, hassle-free management.
• Target User Profile: Investors seeking Shariah-compliant investment opportunities.
• Trading Instruments Available: Shariah-compliant funds.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: HLeBroking Account
• Intermediate: Foreign Currency Account
• Advanced: Portfolio Investment Account-i

Part 2: hong leong investment bank Account Features Comparison

Detailed hong leong investment bank Account Features

When comparing the features of different account types at Hong Leong Investment Bank, consider the following aspects:

• Minimum Deposit:

• HLeBroking Account: RM1,000

• Foreign Currency Account: Varies by currency

• Portfolio Investment Account-i: RM1,000

• Maximum Leverage:

• HLeBroking Account: Up to 2.5x

• Foreign Currency Account: N/A

• Portfolio Investment Account-i: N/A

• Spreads (Typical/Minimum):

• HLeBroking Account: From 0.08%

• Foreign Currency Account: Competitive rates

• Portfolio Investment Account-i: Expected profit return of 6% p.a.

• Commission Fees:

• HLeBroking Account: Low brokerage fees

• Foreign Currency Account: N/A

• Portfolio Investment Account-i: N/A

• Lot Size:

• HLeBroking Account: Standard

• Foreign Currency Account: N/A

• Portfolio Investment Account-i: N/A

• Available Trading Platforms:

• HLeBroking Account: Online trading platform

• Foreign Currency Account: N/A

• Portfolio Investment Account-i: N/A

• Execution Type:

• HLeBroking Account: Market execution

• Foreign Currency Account: N/A

• Portfolio Investment Account-i: N/A

• Islamic Account Availability:

• HLeBroking Account: Yes, via Portfolio Investment Account-i

• Foreign Currency Account: N/A

• Portfolio Investment Account-i: Yes

• Swap-Free Options:

• HLeBroking Account: Available

• Foreign Currency Account: N/A

• Portfolio Investment Account-i: Available

• Demo Account Features:

• HLeBroking Account: Available for practice trading.

Advantages and Disadvantages of Each Account Type

HLeBroking Account:

• Advantages:
• Low brokerage fees.
• Real-time trading information.
• Mobile trading capabilities.
• Access to IPOs and private placements.
• Disadvantages:
• Requires a minimum deposit.
• May have limited features for advanced traders.

Foreign Currency Account:

• Advantages:
• Ability to hold multiple currencies.
• Ideal for international transactions.
• Disadvantages:
• Not suitable for everyday trading.
• Minimum deposit varies by currency.

Portfolio Investment Account-i:

• Advantages:
• Shariah-compliant investment options.
• Hassle-free management of investments.
• Disadvantages:
• Limited to specific investment types.
• Not suitable for active trading.

Part 3: hong leong investment bank Account Opening Requirements

hong leong investment bank Account Registration Requirements

To open an account with Hong Leong Investment Bank, prospective clients must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Primarily for Malaysian residents; non-residents may have restrictions.
• Prohibited Countries: Not specified in the available data.
• Identity Verification Documents Needed:
• National Identity Card (MyKad).
• Additional identification may be required for certain accounts.
• Proof of Residence Requirements: Utility bills or official documents showing the current address.
• Additional Documentation for Professional Accounts: May include business registration documents or proof of income.

KYC/AML Compliance Procedures

Hong Leong Investment Bank adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring thorough verification of identity and source of funds.

Verification Time Frames

Account verification typically takes a few business days, depending on the completeness of the submitted documentation.

Part 4: hong leong investment bank Account Opening Process

Step-by-Step hong leong investment bank Account Opening Guide

1. Visit the Website: Go to the Hong Leong Investment Bank website.
2. Click Registration: Select the account type you wish to open.
3. Personal Information Entry: Fill in your personal details, including name, NRIC number, and contact information.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification and proof of residence documents.
7. Account Verification: Wait for the bank to verify your submitted documents.
8. Fund Your Account: Once approved, fund your account to start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile app may offer a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 2-5 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

Clients can contact customer support or visit a branch to request changes to their account type.

Part 5: hong leong investment bank Demo Account Information

hong leong investment bank Demo Account Guide

Hong Leong Investment Bank offers a demo account for clients to practice trading without financial risk.

• Demo Account Features and Benefits:

• Access to the same trading platform as live accounts.

• Ability to practice trading strategies.

• No financial risk involved.

• How to Open a Demo Account:

• Visit the Hong Leong Investment Bank website and select the demo account option.

• Fill in the required information and submit the application.

• Demo Account Limitations:

• Limited to a virtual balance.

• Time-limited access, typically 30-90 days.

• Virtual Balance Amount: The demo account usually comes with a virtual balance of RM100,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Demo accounts may have time limits, while live accounts do not.

• Duration/Expiry of Demo Accounts: Demo accounts typically expire after 30-90 days of inactivity.

Part 6: hong leong investment bank Islamic Account (if available)

hong leong investment bank Islamic Account Details

Hong Leong Investment Bank offers Islamic accounts that comply with Shariah principles.

• Swap-Free/Islamic Account Availability: Yes, available through the Portfolio Investment Account-i.
• Eligibility Requirements: Must meet standard account opening requirements and indicate the preference for an Islamic account.
• Differences from Standard Accounts: Islamic accounts do not incur interest (riba) and are structured to comply with Islamic finance principles.
• How to Apply for Islamic Account: Indicate the preference for an Islamic account during the registration process.
• Restrictions or Special Conditions: May have specific investment options limited to Shariah-compliant products.

FAQs – hong leong investment bank Account Types & Opening

1. What account types does hong leong investment bank offer？

• Hong Leong Investment Bank offers HLeBroking Accounts, Foreign Currency Accounts, and Portfolio Investment Accounts-i.

1. What is the minimum deposit for each account type？

• HLeBroking Account: RM1,000; Foreign Currency Account: Varies by currency; Portfolio Investment Account-i: RM1,000.

1. How long does hong leong investment bank account verification take？

• Account verification typically takes 2-5 business days.

1. Does hong leong investment bank offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with hong leong investment bank？

• Yes, clients can open multiple account types.

1. Does hong leong investment bank offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available through the Portfolio Investment Account-i.

1. What documents do I need to open a hong leong investment bank account？

• Required documents include a National Identity Card (MyKad) and proof of residence.

1. Can I change my account type after registration？

• Yes, clients can request to upgrade or downgrade their account type through customer support.