Futures

Diversify your portfolio by trading in the global futures market

Why you will love this

Explore a vast range of futures contracts ranging from commodities to energies

Enjoy superb liquidity

Trade with just a fraction of the contract value using 20 times leverage

For local application

Apply at OCBC Securities with these supporting documents 

  1. For Singaporeans and Permanent Residents:

    • NRIC/SAF/SPF ID and Passport

    For Malaysians:

    • IC and Singapore Residence Pass (e.g. Employment pass) if applicable

    For Foreigners:

    • Valid Passport and Singapore Residence Pass (e.g. Employment pass) if applicable
  2. Bring the original or electronic copy of any of the following documents relflecting your name and address:

    • Phone bill
    • Bank statement
    • Income tax statement
    • CPF statement
    • CDP statement

Note: Document(s) must be dated no older than 3 months from date of application. If your mailing address is different from your residential address, please provide one document for each address.

For overseas application

Mail in the completed application forms with copies of:  

  1. For retail customers:

    For corporate customers:

  2. Provide a copy of your identification:

    Bring your ID and and our application form to any of the authorised parties below to:
    1. Witness your signature on the form
    2. Certify true copy of your ID

    Authorised Parties

    • Notary Public
    • Advocates & Solicitors
    • Singapore Embassy


    For Singaporeans and Permanent Residents:

    • NRIC/SAF/SPF ID and Passport

    For Malaysians:

    • IC and Singapore Residence Pass (e.g. Employment pass) if applicable

    For Foreigners:

    • Valid Passport and SIngapore Residence Pass (e.g. Employment pass) if applicable
  3. Provide us with the original or electronic copy of any of the following documents relflecting your name and address:

    • Phone bill
    • Bank statement
    • Income tax statement
    • CPF statement
    • CDP statement

    Note: Document(s) must be dated no older than 3 months from date of application. If your mailing address is different from your residential address, please provide one document for each address.

  4. Mail it to us

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

Advantages of trading futures with us

Service and support

24-hour dealing desk and execution services

Ease of trading online

Trade in major global markets on our robust trading platform. Click here to find out more about the platform.

Benefits

20 times leverage

Only a fraction of asset value is required e.g., MCSI Singapore Index Futures and Options require an intial margin that is about 5% of the contract value

Wide range of products

Comprehensive range including currencies, gold, equities, energies and interest-rate futures

Diversify your strategy

Ability to go long or short, sell or buy in any order for any of our futures products gives you trading opportunties in both rising and falling markets

Liquidity

Excellent liquidity for popular Futures contracts

Risks

Highly risky and complex instruments

Losses are not limited to what you have deposited for margin. You can lose more than your intial deposit.

High degree of leverage

Leverage can work for, or against you. A small change in the underlying price can be magnified in profits, as well as losses.

Margin call

If the market moves against your position, you may be required to deposit additional funds to maintain it

Liquidation during extreme market movements

During extreme market movements your positions may be liquidated if the equity balance falls below 30% of the initial margin requirements.

How Margin Call works

Step 1

During adverse market conditions, your best efforts in limiting your losses with the use of "stop loss orders" may not be effective because market conditions may make it difficult or impossible to execute such protective orders.

Step 2

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.

Step 3

If you fail to comply within the specified time, your position may be liquidated at a loss and you will be liable for any deficit in your account.
Before you apply

Disclaimer

Risk warning for Futures Trading
Transactions in Futures and Options carry a high degree of risk. The amount of initial margin is small and relative to the value of the Futures and Options transaction. 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 intial 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 deficit in your account. Where necessary, please seek advice from an independent financial adviser regarding the suitability of any trade or investment product taking into account your investment objectives, financial situation or particular needs before making a commitment to trade or purchase the investment product. You should consider carefully and exercise caution in making any trading decision whether or not you have received advice from any financial adviser.

Open a Futures Trading Account

Explore the world of futures trading with us

FAQs
Common question
What are the margin requirements?

All futures contracts require initial margin. Generally, we adhere to the margin requirement prescribed by the exchanges which is usually about 5% to 10% of the contract value with maintenance margin at about 80%. The margins are subject to change without prior notice, depending on market volatility.

Margin call

There will be a margin call when the amount in the account falls below the maintenance margin requirements. You may make use of either or a combination of the following methods to fulfil margin call:

1) Bring in new funds by the next market day to top up to initial margin levels and maintain your positions. For cheques, margin calls are considered satisfied only when the cheque has been cleared and we have received your funds. 

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

New positions cannot be initiated until the margin call is fulfilled. 
If margin calls are not satisfied, OCBC Securities reserve the right to liquidate some or all of your open positions.
Even if no margin calls are made, OCBC Securities 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, where equity is calculated by:

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 your open positions shall be determined by OCBC Securities' sole discretion, with reference to the then-prevailing bid, offer or last transacted price of the contract.

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