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/10

OCBC Securities

Singapore|5-10 years|
Suspicious Regulatory License|High potential risk|

https://iocbc.com/index.html

Website

Rating Index

Influence

Influence

B

Influence index NO.1

Singapore 7.61

Surpassed 74.01% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+65 1800 338 8688
cs@ocbcsec.com
https://iocbc.com/index.html
18 Church Street #01-00 OCBC Centre South Singapore 049479

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+65 1800 338 8688

Broker Information

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Company Name

OCBC Securities

Company Abbreviation

OCBC Securities

Platform registered country and region

Singapore

Company website
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Warning: Low score, please stay away!
Previous Detection : 2024-02-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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OCBC Securities · Company Summary

General Information

OCBC Securities is allegedly a broker, based in Singapore and founded in 2004 that provides its clients with different trading platforms for different tradable assets, and a choice of five account types.

Market Instruments

OCBC Securities advertises that it offers a wide-variety of trading instruments in financial markets, including securities, bonds, leveraged futures, leveraged forex and precious metals. Some other trading assets like shares, ETFs and specified investment products are also available.

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Account Types

There are five trading accounts offered by OCBC Securities, apart from demo accounts, namely Basic Trading Account for securities, Leveraged Futures Account, Leveraged Forex Account, Share Financing Account and Share Borrowing Account for leveraged trading.

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Leverage

The maximum leverage ratio offered by OCBC Securities is up to 1:35. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.Spreads & Commissions

OCBC Securities‘ official site doesn’t directly disclose any information about spreads and commissions without login. According to the information displayed on the Internet, however, we found that the broker provides average spreads from 0.9 pips for Leveraged Forex Account, yet we have no way to verify it.

Trading Platform Available

When it comes to trading platforms available,OCBC Securities gives traders five choices: iOCBC and iOCNC Pro for securities trading, iOCBCfx and iOCBCfx Pro for forex trading, and futures trading platform. The broker says that traders can trade with a computer or mobile devices like smartphone, thus they can trade anywhere and anytime.

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Deposit & Withdrawal

OCBC Securities accepts payment methods via GIRO Service, Electronic Payment for Shares, Internet bill payment and telegraphic transfer. GIRO Service is available for bank including OCBC, DBS/POSB and UOB. A telegraphic transfer usually requires 1-2 working days to process.

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Fees

Also, OCBC Securities charges some fees containing custodian fees and handling fees. To be more specific, it charges foreign custodian fees of $2 per counter, handling fees of 1% on net dividend (min S$3, max S$50) and 7% GST or equivalent for cash dividend, and $10.70 (inclusive of GST) or equivalent for other handling fees.

Foreign custodian fees S$2 per counter (per month)
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Customer Support

OCBC Securities customer support can be reached through phone: 1800 338 8688 (Local), +65 6338 8688 (Overseas), email: cs@ocbcsec.com. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter, YouTube and LinkedIn. Company address: 18 Church Street #01-00 OCBC Centre South Singapore 049479.

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User Reviews

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MKI
more than one year
This broker lacks professionalism. My account went into margin call status, so naturally, I topped it up with more funds to cover my trades. However, I waited for 10 to nearly 30 minutes, counting to see if the money reflected in my MT4 account. Eventually, I got stopped out.
2024-02-23 11:16
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村头大明白
more than one year
I was initially attracted by the sleek interface and investment options offered by OCBC Securities, but upon further research, I discovered that they do not hold any regulatory licenses. This raised some red flags for me and made me hesitant to entrust them with my hard-earned money. As a result, I ultimately decided to take my business elsewhere. While OCBC Securities may appear attractive at first glance, I would advise others to exercise caution before investing with them.
2023-03-24 17:53
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