OCBC Securities Account Type

OCBC Securities offers a variety of trading accounts to cater to different trading needs. The available account types include:

• Basic Trading (Cash) Account: A cash trading account for trading in Singapore and foreign markets, allowing users to trade only with the funds available in the account.

• Share Financing Account: A leveraged trading account that enables users to increase their share purchasing power by pledging cash or securities as collateral, allowing trading up to 3.5 times the original value with cash collateral.

• Share Borrowing Account: A leveraged account that allows traders to borrow shares for short selling, hedging, and other strategies.

• Leveraged FX Account: This account allows users to buy and sell over 40 currency pairs on desktop, tablet, and mobile.

• Leveraged Futures Account: An account specifically for trading futures and options, providing access to a comprehensive range of futures including stock indices, currencies, commodities, energy, metals, and interest rates.

OCBC Securities Broker Account Opening Process

To open an account with OCBC Securities, follow these steps:

• Eligibility Requirements:
• Must be at least 18 years old (with a minimum deposit of SGD 1,000 for those aged 18-20).
• Must hold an OCBC deposit account (except for US citizens, EU residents, and persons residing in the EEA).
• Account Application:

• Online Application:

• Apply via the OCBC app or internet banking. Log in and navigate to the equities section to access the online application.

• Select a reference account for giro arrangements for trade settlements.

• Branch Application:

• Visit any OCBC bank branch with the necessary identification documents (NRIC, passport, etc.) and recent bank statements.

• Mail Application:

• Complete the application forms and submit them along with the required identification documents to OCBC Securities.

• Documents Required:
• Original identification documents (NRIC/passport for Singaporeans, valid passport and residence pass for foreigners).
• Recent bank statement or CPF statement.
• Processing Time:
• Online applications submitted via the OCBC app may be opened on the same day if successful.
• Mail applications may take longer and should be sent to OCBC Securities Private Limited, 18 Church Street #01-00, OCBC Centre South, Singapore 049479.
• Account Activation:
• Once your application is approved, you will receive a confirmation, and you can start trading immediately via the OCBC app.

For detailed information on commission rates and specific account features, refer to the official OCBC Securities website.