Leverage: 1:20
Regulation: MAS
Min. Deposit: $1,000
HQ: Singapore
Platforms: iOCBC Proprietary Trading Platforms
Found in: 1986
OCBC Securities, a subsidiary of OCBC Bank, is a Singapore-based Forex and Stock trading broker. The firm provides services for individuals and institutional clients to buy and sell Securities, Bonds, ETFs, leveraged Futures, Forex, Precious Metals, Stocks, and more on various financial markets.
Based on our research, the firm is regulated and authorized by the Monetary Authority of Singapore (MAS). Additionally, the broker is a member of the Singapore Exchange Securities Trading Limited (SGX-ST) and the Singapore Exchange Derivatives Trading Limited (SGX-DT).
In general, the firm provides favorable trading conditions, a variety of trading products, and research tools to assist clients in managing their investment portfolios and trade execution.
Yes, OCBC Securities provides both Forex and Stock Trading for individual and institutional investors. The firm is dedicated to offering a competitive trading environment and provides a suite of tools to help clients effectively manage their Forex and Stock portfolios.
Per our findings, the broker comes with its set of advantages and drawbacks that are important to consider. The firm offers competitive trading solutions, including favorable fees and access to various financial markets. Additionally, OCBC Securities provides comprehensive learning materials and research tools, enabling clients to make informed investment decisions. The association with OCBC Bank lends credibility and financial stability to the brokerage.
For the cons, there is no 24/7 customer support available. Additionally, the broker lacks a top-tier license and operates under a single regulatory body, which could be a drawback for some traders seeking accounts with multiple regulatory authorities. Also, certain services may come with specific fees or limitations, so investors should be mindful of these to avoid unexpected costs.
| Advantages | Disadvantages |
|---|---|
| MAS license and oversee | No 24/7 customer support |
| Competitive trading conditions | High minimum deposit requirement |
| Trading products | No top-tier license |
| Good education and research | |
| STP/DMA Execution | |
| Professional trading | |
| Singapore investors |
| 🏢 Headquarters | Singapore |
| 🗺️ Regulation | MAS |
| 🖥 Platforms | iOCBC Proprietary Trading Platforms |
| 📉 Instruments | Securities, Bonds, ETFs, leveraged Futures, Forex, Precious Metals, Stocks, Indices, Commodities, Options, Shares |
| 💰 EUR/USD Spread | 0.9 pips |
| 🎮 Demo Account | Available |
| 💳 Minimum deposit | $1,000 |
| 💰 Base currencies | EUR, USD, SGD, HKD |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
According to our analysis, OCBC Securities is known for its reliable investment services and extensive range of trading products. However, we recommend considering the specific trading needs, preferences, and potential limitations of the platform before making a decision.
| Ranking | OCBC Securities | FxOro | XPro Markets |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Advanatges | Trading Conditions | Trading Instruments | Trading Fees |
After considering multiple factors such as trading features, regulatory compliance, spreads, trading instruments, and user reviews, we have conducted an analysis and compiled a list of potential broker alternatives to OCBC Securities.
No, OCBC Securities is not a scam. It is a reliable Forex and Stock trading broker that follows the guidelines established by MAS. This regulatory authority imposes strict rules and regulations to ensure high standards in the financial industry.
Yes, OCBC Securities is a legitimate brokerage firm for traders looking to invest and manage their assets. It is regulated by a respected Singapore authority and has a good reputation and integrity in the financial industry.
Additionally, the company does not offer services in offshore zones, emphasizing its commitment to operating within a regulated jurisdiction and providing transparency to traders.
See our conclusion on OCBC Securities Reliability:
| OCBC Securities Strong Points | OCBC Securities Weak Points |
|---|---|
| Professional trading environment | None |
| Account balance protection | |
| Client funds security |
According to our findings, OCBC Securities implements diverse measures to safeguard its trading accounts. These typically include regulatory oversight, and ensuring compliance with applicable rules and regulations. The company also maintains fund protection mechanisms to keep client funds separate from the broker’s operational funds.
However, we suggest conducting thorough research, including reading user reviews and considering other factors, to assess the broker’s reputation and legitimacy.
Leverage is a valuable tool that allows traders to enter the market with limited capital. However, you should understand that it can result in substantial gains or losses. Therefore, traders must have a comprehensive understanding of how leverage operates and its potential consequences before engaging in any trading activities involving leverage.
OCBC Securities leverage is offered according to MAS regulation:
Per our research, the broker offers five account types tailored to meet diverse trader needs. This range allows investors to choose accounts that align with their financial goals and preferences.
| Pros | Cons |
|---|---|
| Variety of accounts | High minimum deposit |
| Fast and easy account opening | |
| Demo account |
Opening an account with a broker is quite an easy process, as you can log in and register with OCBC Securities within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:
OCBC Securities provides access to a comprehensive selection of trading products, such as Securities, Bonds, ETFs, leveraged Futures, Forex, Precious Metals, Stocks, Indices, Commodities, Options, and Shares.
This variety of trading products empowers traders and investors to create well-rounded portfolios that align with their financial objectives and risk preferences.
After examining the broker’s fee offering, we found that fees vary based on the type of account, trading services, and the financial instruments involved. Generally, brokerage fees may include commissions, spreads, and other charges associated with trading activities.
Therefore, carefully review the broker’s fee structure and terms and conditions to gain a comprehensive understanding of the associated charges and their potential impact on trading operations.
| Fees | OCBC Securities Fees | FxOro Fees | XPro Markets Fees |
|---|---|---|---|
| Deposit fee | Yes | Yes | No |
| Withdrawal fee | Yes | Yes | Yes |
| Inactivity fee | Yes | Yes | Yes |
| Fee ranking | Average | Average | Average |
Based on our test trade, the broker provides competitive spreads, with an average spread of 0.9 pips for the EUR/USD currency pair in the Forex market.
However, spreads can vary based on market conditions, volatility, and liquidity, so consult the broker’s website or contact customer support for detailed information on the spreads they offer for specific instruments and account types.
| Asset/ Pair | OCBC Securities Spread | FxOro Spread | XPro Markets Spread |
|---|---|---|---|
| EUR USD Spread | 0.9 pips | 1.2 pips | 2.5 pips |
| Crude Oil WTI Spread | 3 | 2 | 3 |
| Gold Spread | 1 | 28 | 0.05 |
Per our research, the broker provides a variety of funding methods for traders to instant deposit funds into their trading accounts including Electronic Payment for Shares (EPS), Telegraphic Transfer, PayNow, and Internet Bill Payment. However, some payment methods may have specific requirements or restrictions depending on the client’s bank or other financial institutions involved.
Here are some good and negative points for OCBC Securities funding methods:
| Advantage | Disadvantage |
|---|---|
| Variety of funding methods | None |
| Fast digital deposits |
We found that the broker’s minimum deposit requirements can differ depending on the type of account and trading services. Specifically, for the Basic Trading account targeted at individuals between 18-20 years old, the initial deposit stands at $1,000.
OCBC Securities minimum deposit vs other brokers
| OCBC Securities | Most Other Brokers | |
| Minimum Deposit | $1,000 | $500 |
Based on our analysis, the withdrawal process is both convenient and swift. The specific withdrawal process might vary depending on your local bank.
To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:
OCBC Securities provides traders with its proprietary iOCBC trading platforms. These platforms are designed to offer investors a comprehensive and user-friendly experience, with features such as real-time market data, analysis tools, and comprehensive trading strategies.
| Platforms | OCBC Securities Platforms | FxOro Platforms | XPro Markets Platforms |
|---|---|---|---|
| MT4 | No | Yes | Yes |
| MT5 | No | No | No |
| cTrader | No | No | No |
| Own Platforms | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
We found that the broker offers a diverse set of trading tools designed to empower users. The proprietary iOCBC trading platforms provide real-time market data, advanced charting capabilities, and analytical features. Traders can leverage these tools for comprehensive market analysis, making well-informed investment decisions, and executing trades with precision.
The broker offers 24/5 customer support via email, phone lines, and social media channels. Additionally, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Supportive customer service | No 24/7 customer support |
| Relevant answers | |
| Quick responses |
In the end, the broker prioritizes client education by offering a range of educational resources and materials, such as articles, webinars, and tutorials, providing valuable insights to help them make informed decisions in their trading and investment activities.
In conclusion, OCBC Securities is a reliable Forex and Stock trading broker. With competitive trading conditions, robust educational resources, and a range of trading tools, it caters to the needs of both individual and institutional investors.
While the specifics of fees, minimum deposits, and other factors should be considered individually, the broker stands out as a comprehensive option for those seeking a well-rounded and informed trading experience.
Based on Our findings and Financial Expert Opinions OCBC Securities is Good for:
No review found...
No news available.
