The Young Investor Pack (YIP) has been designed specifically for fledgling investors who are:
- New OCBC Securities customers who are studying at local tertiary institutions and polytechnics and
- Between 18 and 20 years old (Young Investors) and 21 and 29 years old
Additional Requirements for Young Investors (clients between 18 – 20 years old)
To align the age of contractual capacity under the Civil Law Act, the minimum age requirement for securities account holders has been lowered from 21 years old to 18 years old.
Clients between 18 and 20 years old are categorized as Young Investors.
Young Investors are required to complete and sign the following:
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Suitability Assessment Questionnaire – You would be assessed on the suitability of opening a securities trading account.
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Risk disclosure Statement – Explanation will be provided to you on the risks and uncertainties associated with investing or trading in securities. You have to acknowledge on the form that the explanation was carried out.
Unless specifically authorised by OCBC Securities, Young Investors (18 to 20 years old) are only allowed to trade online in securities listed on the Singapore Exchange (SGX) like shares, bonds and ETFs but not in complex instruments / products or open any leveraging accounts.
The following are examples of complex instruments / products that Young Investors cannot trade or open an account in:
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Futures / FX trading
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Warrants
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Structured Transactions such as covered warrants, ELIs and ELNs.
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Leveraging accounts like SBL, Margin or Extended Settlement Contact (ES) accounts.
A minimum $5000 cash deposit is required before Young Investors can commence trading. This deposit will be placed in a trust account, and it cannot be utilized for payment of shares, contra losses, fees or other charges.
What are the key differences between 18 – 20 years old and 21 – 29 years old?
Find out more on Young Investor Pack!
For enquiries to Young Investor Pack, email us at younginvestor@ocbcsec.com
Disclaimer
OCBC Securities Private Limited ("OSPL") operates as an "execution-only" broker. Accordingly, OSPL does not provide advice/recommendation on whether the trading of securities and/or a particular investment product is suitable for its clients. The information provided herein is intended for general circulation/discussion purposes only and may not be published or circulated (in whole/in part) without our written consent. It does not take into account the specific investment objectives, financial situation or particular needs (collectively “Objectives”) of any particular person. Please seek advice from a financial adviser regarding the suitability of any investment product taking into account your Objectives before making a commitment to purchase the investment product. If you choose not to seek independent financial advice, please consider whether the product in question is suitable for you. This does not constitute an offer/solicitation to buy/sell/subscribe for investment products or to participate in any particular trading or investment strategy. The proposed transaction (if any) is subject to the final expression of the terms in the definitive agreement/confirmation. No representation or warranty whatsoever in respect of any information provided herein is given by OCBC Securities. OCBC Securities shall not be liable for any loss or damage whatsoever arising directly/indirectly as a result of any person acting on any information provided herein.
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