Futures Account

Capitalise on the futures
& options market


Safe and secure trading with an established, regulated futures broker to access:

  • A comprehensive product range including currencies, gold, equities,
    energies and interest rates futures
  • Major global markets

Eligibility
  • Age 21 to 62
  • Classified under SIPs. Requirement to pass a Customer Account Review (CAR)
  • Initial deposit to start trading
    • S$10,000 for Singaporeans and Singapore PRs
    • US$20,000 for non-Singaporeans (excluding Singapore PRs)
    • US$30,000 for Corporates


How to apply

Tradable products & trading channels

Tradable products

Futures

Including:

  • Interest rates
  • Stock indices
  • Currencies
  • Metals
  • Energies
  • Commodities




Trading channels

Futures Trading Platform

Trade conveniently via our online platform for futures trading.




How it works

All futures contracts require initial margin which represents a good faith deposit from the customer for the open positions to ensure performance of contract obligations.

Generally, we adhere to Exchange-prescribed minimum margin requirement, which is usually about 5% to 10% of the contract value. The margins may be subject to change without prior notice, depending on market volatility.


 

Margin call

There will be a margin call (MC) when the amount in the customers' account falls below the maintenance margin requirements. The exchanges usually prescribe maintenance margin level to be about 80% initial margin level.

You may make use of either or a combination of the following methods to fulfil margin call:

a) Bring in new funds by MC + 1 to top up to initial margin levels in order to maintain your positions. If you bring in a cheque instead of cash, margin calls are considered satisfied only when the cheque has cleared and OCBC Securities has received your funds.

b) Liquidate some or all the positions to satisfy the margin call. Margin calls are considered satisfied upon end-day settlement (i.e. next trading day).

Please note that customers are not allowed to initiate new positions until they have satisfied your margin call.

If margin calls are not satisfied as required by OCBC Securities, the company reserves the right to liquidate some or all of your open positions.

Even if no margin calls are made, we reserve the right to liquidate your open positions if the equity* in your account falls below 30% of the initial margin requirements of all your open positions.\

*Equity = Value of all initial margin + Unrealised profit of all open positions - Unrealised loss of all open positions

Unrealised profit or unrealised loss of all open positions shall be determined by OCBC Securities' sole discretion, but by reference to the then-prevailing bid, offer or last transacted price of the contract.

The basic strategy of trading centres upon one of these simple decisions, either a "Buy" or "Sell" or a combination of both. 

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2 ways to apply

Risk warning for futures trading

Risk warning for futures trading

Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the futures contract value. As such, the transaction is highly 'leveraged or 'geared'. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit; this can work in your favour or against you. You may sustain a total loss of the initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to deposit substantial additional funds on short notice in order to maintain your position. If you fail to comply with a request for additional funds within the specified time, your position may be liquidated at a loss and you will be liable for any resulting deficit in your account.

To apply for a Corporate Account, please call us at 1800 338 8688

By mail

Please mail in copies of the necessary documents and forms:
1
NRIC/SAF/SPF ID

for Singaporeans and Singapore PRs

or
Passport

(with 6 months validity) for foreigners

2
Forms

Download and complete the appropriate forms.

3
Supporting Documents

Include any one of the following documents (original and no older than 3 months from date of application) :


  • Phone bill
  • Bank statement
  • Income tax statement
  • CPF statement
Mailing address

OCBC Securities Private Limited
18 Church Street #01-00
OCBC Centre South
Singapore 049479

Please note:

All forms and supporting documents are required to be certified by one of the following:

  • Authorised OCBC Securities officer or;
  • OCBC Bank officer (the authorised bank officer must affix the Bank’s stamp and indicate his name and employee ID on the document) or;
  • Notary Public, Advocates & Solicitors, Singapore Embassy or Justice of Peace. For a list of our approved Solicitors, please contact our customer service officers. The witnessing officer should provide name, contact number and website address.

At OCBC Securities Investors Hub

1
NRIC/SAF/SPF ID

for Singaporeans and Singapore PRs

or
Passport

(with 6 months validity) for foreigners

 

 

2
Find us at:

OCBC Securities Private Limited
18 Church Street
#01-00 OCBC Centre South
Singapore 049479

Need help?

1800 338 8688

 or contact us online