OCBC Securities Account Type

OCBC Securities offers a variety of trading accounts tailored to meet different trading needs. Here are the main types of accounts available:

• Basic Trading (Cash) Account:
• A cash trading account allowing trades only with available funds.
• Ideal for beginners looking to trade in Singapore and foreign markets.
• Share Financing Account:
• A leveraged account allowing users to increase their share purchasing power by pledging cash or securities as collateral.
• Users can trade up to 3.5 times their original cash value.
• Share Borrowing Account:
• A leveraged account designed for short selling, hedging, and other trading strategies.
• Enables borrowing of shares for strategic trading.
• Leveraged FX Account:
• Allows trading over 40 currency pairs with leverage up to 1:50.
• Accessible via desktop, tablet, and mobile.
• Leveraged Futures Account:
• Designed for trading futures and options.
• Provides access to a wide range of futures products.

OCBC Securities Broker Account Opening Process

To open a trading account with OCBC Securities, follow these steps:

• Eligibility Check:
• Must be at least 18 years old.
• Must have a valid Singapore bank account.
• Choose Account Type:
• Decide which type of trading account best suits your trading needs (Basic Trading, Share Financing, etc.).
• Prepare Required Documents:
• Identification (NRIC or passport).
• Proof of address (e.g., bank statement).
• Application Submission:
• Apply online via the OCBC app or internet banking.
• Complete the account application form and submit required documents.
• Account Review:
• Your application will be reviewed, and you will be notified of the outcome.
• Account Activation:
• Once approved, your account will be activated, and you can start trading.
• Funding Your Account:
• Link your bank account to facilitate fund transfers for trading.
• Start Trading:
• Familiarize yourself with the trading platform and begin executing trades.

For more detailed information, visit OCBC Securities.