RHB Bank Account Type

RHB Bank offers a variety of trading accounts tailored to meet the needs of different investors. The main types of accounts available include:

• Equities - Cash Upfront: This account allows trading based on cash available in the trading account without any borrowing.
• Conventional Trading Account (CTA): A standard account for trading in stocks with no Islamic compliance.
• Islamic Trading Account (CITA): This account complies with Shariah principles for those seeking an Islamic investment option.
• Equities - Collateralised: This account increases trading limits based on the collateralized value and holding period, allowing for more significant trading opportunities.
• Futures Trading Account: Designed for trading in futures contracts with underlying assets such as commodities and indices.

RHB Broker Account Opening Process

Opening a trading account with RHB Bank involves a straightforward process:

• Prepare Required Documents: Gather necessary documents such as identification, proof of address, and any additional documents specified by RHB.
• Choose Account Type: Decide on the type of trading account you wish to open (e.g., Conventional, Islamic, or Collateralised).
• Complete the Application: Fill out the account opening form either online or in person at a branch. Ensure all relevant sections are completed accurately.
• Submit Application: Submit your application along with the required documents to the nearest RHB branch or through their online platform.
• Receive Confirmation: Upon successful processing, you will receive a notification letter confirming your account setup, allowing you to start trading.

For more detailed information on specific account types and the opening process, visit RHB Invest or RHB TradeSmart.