Kiwoom Securities Account Types

Kiwoom Securities offers various types of brokerage accounts to cater to individual and institutional investors. The main account types include:

• Individual Accounts: Designed for individual investors, allowing them to trade a wide range of financial instruments including stocks, bonds, and derivatives.
• Institutional Accounts: Tailored for institutional investors, offering advanced trading options and services.
• Margin Accounts: Enable investors to borrow funds to trade, increasing their purchasing power but also exposing them to higher risks.
• Online Trading Accounts: Provide access to trading platforms for executing trades via the internet, suitable for tech-savvy investors.
• Offline Trading Accounts: Allow investors to execute trades through brokers via phone or in-person.

Kiwoom Securities Broker Account Opening Process

Opening an account with Kiwoom Securities involves several steps:

• Choose the Account Type: Decide whether you want an individual, institutional, or margin account based on your investment needs and risk tolerance.

• Complete the Application Form: Fill out the account opening form, providing necessary personal information and selecting the type of account you wish to open.

• Provide Required Documentation:

• For Individual Accounts: Submit a copy of your identity card (KTP) for Indonesian citizens or a passport and temporary stay permit for foreigners. Include a taxpayer identity number (NPWP) or a signed statement declaring you do not have one.
• For Institutional Accounts: Provide documentation such as the business identification number (NIB), taxpayer identity number (NPWP), and financial statements.

• Submit the Application: Send the completed application form along with the required documents to Kiwoom Securities via their online platform or through customer service.

• Verification Process: Kiwoom Securities will verify your submitted information. This process typically takes 1-4 working days for online applications and 3-5 working days for offline submissions.

• Fund Your Account: Once approved, you will need to deposit funds into your account to start trading. There is no minimum deposit requirement for opening an account.

• Start Trading: After funding your account, you can begin trading using Kiwoom Securities' platforms, including their mobile and desktop applications.

For more detailed information and assistance, you can visit Kiwoom Securities.