Administrative charges

There is no administrative charge when you deposit fund to your trading account in cash or cheques. Telegraphic Transfer (TT) of fund is subject to charges by the correspondence bank.

TT (inward remittance):
US$10 per transaction as levied by correspondence bank

TT (withdrawal of funds):
Minimum of US$40 per transaction or whichever is higher as levied by the correspondence banks

OCBC Securities does not facilitate third-party remittance. All client fund transfers should be sent to trading account name.

Cost of delivery per contract is US$120 plus any other exchange / bank charges.

Interest rates

Previous months’ interests are credited/debited into your trading account within the first 3 business days of the following month.

Interest charge on deficit funds/currencies
Debit balances in client’s accounts shall carry interest at 2% above prime lending rate.
The interest charge also applies to any funding of initial margin against your collateral.

Daylight Savings, trading hours from March to November (Singapore time):

• Start: Monday, 5:00am
• End: Saturday, 5:00am

There is no trading between Saturday, 5:00am and the following Monday, 5:00am.

During Non-Daylight Saving, trading hours from November to March (Singapore time):

• Start: Monday, 6:00am
• End: Saturday, 6:00am

There is no trading between Saturday, 6:00am and the following Monday, 6:00am.

We offer a free 1-month demo account with US$100,000 virtual funds. If you would like a free demo account, please submit your request via email to fxdealing@ocbc.com.

Connect and integrate your FX platform to our FIX API library for secured and automated forex trading while accessing our competitive spreads. You can automate the following:

• Direct processing of trade executions
• Position tracking
• Order entry – supports multiple order types
• Order history
• Hedge mode
• Risk-free testing on demo environment

Requirements

To use our FIX API, you are required to:

• Enter into a license agreement with OCBC Securities
• Maintain sufficient funding in your iOCBCfx Pro account
• Have the capability or access to programmers with the expertise to design and implement complex computer programmes in FIX protocol

To apply, email to fxdealing@ocbc.com.

To replace the 2FA token issued for your electronic trading platform, the following replacement charges apply:

• No charges imposed for the first and second replacement of token
• US$80 per token from the third replacement onwards