OCBC Securities iOCBC Reviews and Comparison - Seedly
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OCBC Securities iOCBC

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  • Reviews (27)
  • Questions (0)
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Online Brokerages/OCBC Securities iOCBC
Online Brokerages/OCBC Securities iOCBC
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USER RATINGS

Customer Support

3.4

User Experience

3.2

OCBC Securities iOCBC

$25

MINIMUM FEE

0.18% to 0.275%

TRADING FEES

CDP

STOCK HOLDING TYPE

OCBC Securities iOCBC

$25

MINIMUM FEE

0.18% to 0.275%

TRADING FEES

CDP

STOCK HOLDING TYPE

Details

OCBC Securities iOCBC Review 2020

iOCBC is an online trading platform by OCBC's securities and futures brokerage firm. With iOCBC, you can trade Stocks, REITs, ETFs, Warrants, ADRs, Futures, Forex, and Precious Metals. iOCBC is available on online Platforms, Mobile, and via Broker Assistance.

Read More about OCBC Securities iOCBC
Reviews (27)

3.1

27 Reviews

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  • 3
    5
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  • Updated on 27 Oct 2020

    Purchased

    OCBC Securities iOCBC

    Login to account has a MAJOR flaw , it does not allow ocbc hardware token for use as an alternative, so you could not login if there's an problem of receiving sms token. They will take 3 working days to sort out your problem. Go for DBS Vickers, they allow sms or hardware token as login without the need to specific either as the ONLY way of verification.

    0

    Post
  • Updated on 27 Jul 2020

    Purchased

    OCBC Securities iOCBC

    iOCBC System keeps having technical issues not once not twice but many times. Poor! Not recommended! Better to try others in the market.

    0

    Post
  • Updated on 19 Jun 2020

    Purchased

    OCBC Securities iOCBC

    Worst trading Firm I faced. Registered an account at their HQ online at Cecil street on mid March 2020, and they told me it’s supposed to take at most 14 working days. Submitted all necessary, IC photocopied, application form submitted. Call mid April for update, they check e system, informed that everything Is in order, and e assigned broker will contact me. Waiter will mid May, no news. Called again in mid May, and the third in early June. No action, no news. Not worth e time taken

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    Post
  • Updated on 24 Apr 2020

    Purchased

    OCBC Securities iOCBC

    IOCBC is expecting client to call their broker everytime to check our custody holding to avoid Client’s losses with their system problem for not having real update on any changes. Is this realistic with the fluctuation change in the US trade especially at midnight time ? And what’s the point for having self trade function then ? Not recommended

    0

    Post
  • Updated on 08 Apr 2020

    Purchased

    OCBC Securities iOCBC

    [Customer Service] For me, it's always about CS. Price and rates are predetermine and people already know beforehand what they are being offered in regards to price. I have been with iOCBC for several years and have >1M SGD in their account, I have to say that their CS is average at best. In fact I've worked with TWO relationship manager and both are pretty much like that, average and a little cold. I know they don't make much from a holder like me who just buys and don't day trade, but hey, be nice to your customer and you will in turn also have a great day. Maybe it's just my luck or karma that I got a RM that is slightly cold, perhaps other RMs are great. My 2 cents. The reason why I started with iOCBC was because I was an OCBC client, so one thing brought to another.

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Types of Services iOCBC provides

OCBC Securities offers a few types of services on their trading platform.

  • Features direct market access (DMA)
  • View counterparty, trading history and trust balances
  • Trade calculator tool to help calculate entry and exit profitability for local and overseas securities
  • StockReports+ by Thomson Reuters that can help suggest trading ideas and understand industry trends better.
  • Share Financing Simulator to calculate margin percentages
  • GIRO service offers an automatic and convenient way of debiting payment from credit sale proceeds to designated OCBC bank account.
  • Electronic payment for shares (EPS) feature where investor can conveniently pay for their Singapore shares investment at ATMs or through their iBanking account.
  • Easy onboarding to iOCBC for existing OCBC Online Banking Customers - trade via iOCBC by simply linking your online trading accounts to your online banking account

Types of Account Available With iOCBC by OCBC Securities

OCBC Securities offers various types of account, catered to the different needs of individual investor.

The types of account OCBC Securities provide are:

  • Basic Trading (Cash) Account
  • Young Investor Programme
  • Share Financing Account
  • Securities Borrowing Account
  • Leveraged FX Account
  • Futures Account
  • Equities Plus Account

Brokerage Fees & Charges of OCBC Securities

The fees and charges of OCBC Securities are as follows:

Online

  • Minimum Commission: S$25
  • Investment of S$50,000 and below: 0.275%
  • Investment of S$50,000 to S$100,000: 0.275%
  • Investment above S$100,000: 0.20%

By Phone

  • Minimum Commission: S$40
  • Investment of S$50,000 and below: 0.50%
  • Investment of S$50,000 to S$100,000: 0.40%
  • Investment above S$100,000: 0.25%

Other transaction charges:

  • Clearing fee imposed by CDP: 0.0325%
  • SGX Trading fee: 0.0075%

Contact OCBC Securities