According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 1986
Our Evaluation of OCBC Securities
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
OCBC Securities is a moderate-risk broker with the TU Overall Score of 6.19 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by OCBC Securities clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at OCBC Securities
OCBC Securities provides a multi-market trading terminal giving direct access to access over 15 securities exchanges worldwide using a single account. It was launched in 1986 and today is among the leading organizations in the field. With OCBC Securities each and every customer can trade with high efficiency thanks to the latest technology and a vast network of connectivity. OCBC Securities is a member of Singapore Exchange Securities Trading Limited (SGX-ST) and the Singapore Exchange Derivatives Trading Limited (SGX-DT). It is a broker of choice for those who would like to seize greater opportunities and be a part of the constantly changing and heart-racing world of trading.
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OCBC Securities Trading Conditions
💻 Trading platform: | iOCBCfx, iOCBCfx Pro, iOCBCfx Mobile, Futures Trading Platform |
---|---|
📊 Accounts: | Leveraged FX Account, Futures Account, Securities Borrowing Account, Basic Trading (Cash) Account, Share Financing Account, Equities Plus Account |
💰 Account currency: | USD, EUR, JPY, GBP, AUD, CHF, SGD |
💵 Deposit / Withdrawal: | Bank Transfer, Cash, Cheque, Telegraphic transfer |
🚀 Minimum deposit: | 1000 USD |
⚖️ Leverage: | 1:35 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 EUR/USD spread: | 0,1 pips |
🔧 Instruments: | Currency pairs, Precious Metals, Shares, ETFs, REITs, Warrants, ADRs, Bonds |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Mobile Platforms |
➕ Affiliate program: | No |
📋 Order execution: | Market Execution |
⭐ Trading features: | No |
🎁 Contests and bonuses: | No |
OCBC Securities Key Parameters Evaluation
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Regulation and safety
OCBC Securities has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Track record over 39 years
- No negative balance protection
OCBC Securities Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Monetary Authority of Singapore | Singapore | No specific fund | Tier-1 |
OCBC Securities Security Factors
Foundation date | 1986 |
Negative balance protection | No |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker OCBC Securities have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of OCBC Securities with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, OCBC Securities’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
OCBC Securities Standard spreads
OCBC Securities | Pepperstone | OANDA | |
EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
EUR/USD max, pips | 0,7 | 1,5 | 0,5 |
GPB/USD min, pips | 0,3 | 0,4 | 0,1 |
GPB/USD max, pips | 0,9 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
OCBC Securities RAW/ECN spreads
OCBC Securities | Pepperstone | OANDA | |
Commission ($ per lot) | 2,5 | 3 | 3,5 |
EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with OCBC Securities. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
OCBC Securities Non-Trading Fees
OCBC Securities | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0-40 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
OCBC Securities offers a wide range of account options. To start trading securities with your own funds or borrowed funds, open a Basic Trading Account. There are also separate accounts available for Forex trading.
An account for trading securities on 30+ global exchanges online or through an OCBC Securities representative. Available to traders aged 18 and older.
This account allows investors to borrow funds from the broker to buy more shares than they could afford with their own capital alone. The investor contributes a certain amount of their own capital, and the broker provides the borrowed funds for buying shares. Available to Basic Trading Account holders aged 21 and older.
OCBC Securities offers a demo account for Forex trading, allowing traders to practice currency and spot metal transactions with a virtual deposit, free from the risk of losing their own money.
Deposit and withdrawal
OCBC Securities received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
OCBC Securities offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- No deposit fee
- Supports 5+ base account currencies
- No withdrawal fee
- BTC payments not accepted
- Wise not supported
- Minimum deposit above industry average
What are OCBC Securities deposit and withdrawal options?
OCBC Securities offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making OCBC Securities less competitive for those seeking diverse payment options.
OCBC Securities Deposit and Withdrawal Methods vs Competitors
OCBC Securities | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | No | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are OCBC Securities base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. OCBC Securities supports the following base account currencies:
What are OCBC Securities's minimum deposit and withdrawal amounts?
The minimum deposit on OCBC Securities is $1000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact OCBC Securities’s support team.
Markets and tradable assets
OCBC Securities provides a standard range of trading assets in line with the market average. The platform includes 1000 assets in total and 40 Forex currency pairs.
- Crypto trading
- 1000 assets for trading
- 40 supported currency pairs
- Copy trading not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by OCBC Securities with its competitors, making it easier for you to find the perfect fit.
OCBC Securities | Plus500 | Pepperstone | |
Currency pairs | 40 | 60 | 90 |
Total tradable assets | 1000 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products OCBC Securities offers for beginner traders and investors who prefer not to engage in active trading.
OCBC Securities | Plus500 | Pepperstone | |
Bonds | Yes | No | No |
ETFs | No | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Contacts
Foundation date | 1986 |
---|---|
Registration address | 18 Church Street #01-00 OCBC Centre South Singapore 049479 |
Regulation | MAS |
Official site | portal.iocbc.com |
Contacts |
1800 338 8688
|
Comparison of OCBC Securities with other Brokers
OCBC Securities | Eightcap | XM Group | RoboForex | Exness | TeleTrade | |
Trading platform |
Futures Trading Platform, iOCBCfx Mobile, iOCBCfx Pro, iOCBCfx | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 |
Min deposit | $1000 | $100 | $5 | $10 | $10 | $10 |
Leverage |
From 1:1 to 1:35 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | 10.00% | No | 1.00% |
Spread | From 0.9 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0.2 points |
Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 60% / No | 70% / 20% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | Yes | Yes | Yes |
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