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OCBC Securities Review
Trade in over 15 global market exchanges with iOCBC.
Established in 1986, OCBC Securities (iOCBC) is a wholly-owned subsidiary of OCBC Bank, the longest established Singapore bank. As a securities and futures brokerage firm, OCBC Securities provides a wide range of services for securities, derivatives and leveraged foreign exchange trading.
Learn more about OCBC Securities and find out if its offerings are ideal for you.
- Trusted brokerage
- In-depth research, daily market reports and live prices
- Advanced data and monitoring tools
Not so great for
- Lack of trade advice
- No online account application
What investments does OCBC Securities offer?
You can trade the following investments through OCBC Securities:
- Company stocks. Invest in listed companies across 15 exchanges.
- Exchange-traded funds (ETFs). A diversified portfolio of securities from a range of asset classes and markets.
- Structured warrants (SW). Issued by third-party financial institutions, a structured warrant is a type of option that allows investors to gain exposure to the underlying security without actually owning it. Structured warrants can either be the stocks of an unrelated company, a group of companies’ stocks or an index. They may also be used as a hedging tool.
- Real estate investment trust (REITs). A class of securities that trade like stocks on a securities exchange and typically generate income through a portfolio of property assets, which typically distribute income at regular intervals.
- American Depository Receipts (ADRs). Trade underlying securities of non-US companies trading in US markets conveniently with ADRs, which are certificates issued by a depository bank that gives the owner rights over a specified number of foreign stocks.
- Bonds. Bonds are debt investments issued to investors in return for lending their money to the issuer, which is typically corporate or government. In return, investors will receive fixed coupon payments from the bond issuer.
- Equity-linked Notes (ELNs). Short term investments that offer the opportunity to purchase stocks of a selected company at a discount from the market price. It may potentially yield higher interest income but comes with a risk of exposure to stock price market movements.
- Leveraged Forex and Precious Metals. A leveraged trading instrument for multiple currency pairs, which also includes trading currency against precious metals (eg. Gold vs US dollars).
- Futures. Access and capitalise on a large selection of global stock indices, currencies, commodity, energy and precious metal.
Key features of OCBC Securities
On top of 24-hours online trading, OCBC Securities provides the following features to ease your trading experience:
Direct Market Access
Access markets fast by trading directly into both local and overseas key securities exchanges with Direct Market Access (DMA). If you’re an existing OCBC Online Banking customers, you can also trade via iOCBC by linking your online trading accounts to your online banking account.
iOCBC Internet trading platform comes with features for you easy control of your portfolio:
- Track your cash, margin and share borrowing portfolio
- View counterparty, trading history and trust balances
- Receive trade confirmations and notifications via email or on your mobile devices
- Trade and settle stocks in your choice of currency
- Monitor the latest stock movements of your favourite counters with customised watchlist
- Calculate your profitability for local and overseas securities with the iOCBC trade calculator
Trading tools let you chart securities and view in-depth price movements:
What research does it provide?
Make better-informed investments with in-depth market reports and analysis from OCBC Securities’ award-winning research team:
- OCBC Investment Research (OIR). Gain invaluable insights on a broad range of sectors in Singapore, China and Hong Kong from OCBC Securities’ award-winning research team, including banking, property, commodities, consumer goods, technology, telecommunications, as well as oil and gas.
- Daily Treasury Outlook. Find the latest reports on leading financial markets, covering key market movements, global economic development, market updates and more.
- SG Government Securities. Benefit from market strategies and trade recommendations for government securities, including monthly interest rates and bond yields forecast.
- Foreign Exchange Outlook. Get overviews and currency trends of the foreign exchange with OCBC’s FX Viewpoint reports.
- SG Government Securities. Market strategies and trade recommendations for government securities. Interest rates and bond yields.
Types of accounts offered by OCBC Securities
OCBC Securities offers various service levels, each providing different trading features:
|Account Type||Key Features|
|Basic Trading Cash Account (Online)|
|Share Financing Account|
|Securities Borrowing Account|
|Leveraged FX Account|
|Equities Plus Account|
|Young Investor Programme (YIP)|
What are OCBC Securities pricing and fees?
You’ll pay brokerage fees when you trade financial products using iOCBC Online/Mobile or through a broker. You’ll be charged varying commission depending on you account type and how your trade is conducted.
Here are OCBC Securities’ brokerage fees for trading stocks on SGX (traded in SGD):
|S$50,000 and below||0.275%||0.50%|
|Above S$50,000 – S$100,000||0.22%||0.40%|
Fees are accurate at the time of writing (31 May 2020).
All transactions are also subject to CDP imposed clearing fee (0.0325%), SGX trading fee (0.0075%), SGX settlement instruction fee ($0.35 per contract) and GST. Check the full commission and charges on OCBC Securities’ website.
Is OCBC Securities safe?
OCBC Securities Pte Ltd (OSPL) is regulated by the Monetary Authority of Singapore (MAS) and comply with all measures to keep its clients’ funds segregated and safe. To prevent any data from being tampered with, iOCBC is equipped with end-to-end security encryption and prevents simultaneous logins on various devices.
In addition, iOCBC mobile also utilises touch fingerprint and face recognition technology for secured yet convenient account access. Foreign securities are also kept with an established global custodian for added security.
Pros and cons
- International markets. Trade international stocks in over 15 securities exchanges worldwide with OCBC Securities.
- Access advanced tools. Streamline your trading process with sophisticated stock screening and charting tools embedded within the OCBC Securities trading platforms.
- Convenience. Conduct a trade anytime, anywhere with iOCBC Internet Trading platform or iOCBC TradeMobile app.
- User-friendly interface. Both iOCBC Internet and mobile platforms feature detailed yet easy-to-use interface design. View trade information in a glance, customise your screen settings and trade on-the-go.
- No trading advice. OCBC Securities does not offer any advice on its platform, which may cause many investors to trade on speculation.
- No online application. You’ll need to print and fill in the application form and then proceed to mail the duly-filled form and supporting documents to OCBC Securities. Alternatively, you may visit the OCBC Securities Investors Hub or any OCBC bank branches to open your trading account.
How do I sign up for an OCBC Securities account?
To be eligible for an OCBC Securities account, you’ll need to be over 18 and you’re a Singaporean/PR, Malaysian or foreigner with a valid work visa. Once you’ve met the eligibility criteria, you may proceed to apply by submitting a duly-filled copy of the application form (available for download on the OCBC Securities website) along with your supporting documents through mail.
Alternatively, you can visit the OCBC Securities Investors Hub or any OCBC Bank branches to apply. Make sure to bring along the necessary forms and documents before heading down.
Central Depository (CDP) Account
To start investing in the Singapore securities market, you’ll need to open a Central Depository (CDP) account. Make sure to open a CDP account online before proceeding to open an OCBC Securities trading account as you’ll be required to provide your CDP account number on the application form.
- Identity verification:
- Singaporean/PR: Front and back photocopy of your NRIC
- Malaysian: Front and back photocopy of your Malaysian IC
- Other nationality: Passport with at least 6 months validity
- Proof of residence (if there’s no residential/mailing address on the ID provided):
- Bank/CPF/IRAS Statement
- Must be dated within 3 months
How do I contact support?
If you have any enquiries, you may reach OCBC Securities directly through the following contact details:
- Hotline: 1800 338 8688 / (65) 6338 8688 (from 8.30am to 6pm, Mondays to Fridays excluding PH)
- Email: email@example.com
- OCBC Securities Investors Hub: 18 Church Street, #01-00, OCBC Centre South, Singapore 049479
If you’ve compared OCBC Securities to other brokerages in Singapore, you’d notice that iOCBC’s fees are similar to those charged by other major brokerages.
Since it is neither the cheapest nor the most expensive, you may want to consider the other factors to weigh in on the benefits of using iOCBC. With a non-intimidating user interface, iOCBC trading platforms may be a conducive choice for those starting out on their investment journey.
Before applying for an OCBC Securities account, make sure to compare your options to see if this trading platform is most suitable for you.
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