KGI Securities Account Type

KGI Securities offers several types of trading accounts to cater to different investor needs. The available account types include:

• Individual Account: Designed for individual traders, allowing full access to trading activities.
• Joint Account: Opened under two names, enabling both individuals to manage the account collectively.
• Corporate Account: Established in the name of a corporation, where authorized personnel can control the account assets.

Each account type can be either a cash account or a margin account:

• Cash Account: Suitable for investors who prefer to pay the full amount in cash for their trades.
• Margin Account: Allows traders to leverage their investments by pledging existing assets or a minimum cash amount, enabling them to trade up to 3.5 times the value of the collateral pledged.

KGI Securities Broker Account Opening Process

Opening a trading account with KGI Securities is a straightforward process. Here are the steps involved:

• Choose Account Type: Decide whether you want an individual, joint, or corporate account.
• Documentation: Prepare the necessary documents:
• For Individual/Joint Accounts: Identification documents (NRIC/passport), proof of address (utility bill/bank statement), and income statements.
• For Corporate Accounts: Certificate of incorporation, memorandum and articles of association, board resolution, and identification documents of authorized personnel.
• Submit Application:
• You can apply online by filling out the application form on their website or submit a manual application by mailing it to their office.
• Processing Time: The application typically takes 3 to 5 business days to process.
• Initial Deposit: A minimum initial deposit of USD 10,000 is required for all account types.
• Trading Confirmation: Once your application is approved, you will receive your trading account number and can begin trading upon linking with the Central Depository (CDP).

For more details, visit the KGI Securities website: KGI Securities Account Opening