Frequently Asked Questions
Margin (M) Account
What are the requirements to be able to open a Margin (M) Account from overseas?
- You need to be 21 years and above to open an account with us.
- Your account opening documents need to be certified by a public notary, commissioner of oaths, or judicial officer.
- You are neither a US citizen nor a bankrupt.
For documentation, please refer to https://www.poems.com.sg/open-an-account-tr/
Other faq that might help you
- Information Sheet
- Can I open a corporate margin account?
- Who can open a Margin (M) Account?
- Can I contra my trades?
- Can I open a joint margin account?
- Can I sell my existing shares in CDP through Margin (M) Account?
- Can I sell those shares allotted (IPO Shares) through Margin (M) Account?
- How do I transfer the shares into my Margin (M) Account?
- How long does it take for shares to be transferred into my account?
- How long does it take to start an account?
- How long will it take to open an account from overseas?
- If I have an existing Custodian (C) Account maintained with Phillip Securities, can I convert it to Margin (M) Account?
- What are the charges for Margin (M) Account?
- What are the requirements to be able to open a Margin (M) Account from overseas?
- What if the customer requires more credit?
- With multi-currency facility, will there be automatic conversion of currency for my currencies in debit balances?
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