InnovestX Securities Account Type

InnovestX Securities offers several account types designed to cater to different trading strategies and investor needs. Here are the key account types available:

• Cash Balance Account:
• A prepaid account where the capital available for trading equals the deposited amount.
• No minimum deposit requirements.
• Allows trading in securities listed on the Thailand Stock Exchange (SET).
• Cash Account:
• An account with a credit limit for trading on the SET.
• Traders can deposit 20% of the asset's value as collateral and settle the full cost within two days.
• Requires a portfolio or bank account balance exceeding THB 300,000.
• Credit Balance Account:
• A margin account that allows trading Thai securities with leverage using funds provided by the broker.
• Profits from successful trades are used to repay the loan, with the remaining amount reserved as collateral for future trades.
• Minimum deposit for this account is THB 500,000.
• TFEX Futures Account:
• Specifically for trading futures contracts and options on the SET50 index.
• Can be requested after opening one of the basic securities accounts.
• Offshore Account:
• Available for trading international stocks.
• Access granted after opening one of the basic securities accounts.

InnovestX Securities Broker Account Opening Process

Opening an account with InnovestX Securities is a straightforward process. Here are the steps involved:

• Download the InnovestX App:
• The app can be downloaded from the company's official website.
• Sign Up:
• After installing the app, click on the "Sign Up" button.
• Agree to the terms of service and enter your email, phone number, and ID card details.
• Identity Verification:
• Enter the OTP code received via SMS for verification.
• Identity can be verified through the SCB Easy app or the NDID digital identification system.
• Account Security:
• Create a PIN code to protect your account.
• Link your personal bank account to the Automatic Transfer System (ATS).
• Access Account Features:
• The InnovestX app provides market data, investment ideas, and allows for fund management, including deposits and withdrawals.

This process ensures that you can start trading efficiently and securely with InnovestX Securities.