Opening an Account
There are 3 ways to open an Individual/Joint account:
- Online
Click here to apply for an account online. - By Mail
Download and complete the account opening forms in the following section. Mail the completed forms, along with a signed photocopy of the required supporting documents to:
Maybank Securities Pte Ltd
Client Services Department
150 Beach Road
#03-01
Singapore 189720
If you do not have an existing CDP account, account opening forms and supporting documents must be certified by one of the following:
- Singapore Embassy;
- Notary Public officially registered with the country’s governmental institution;
- Advocates & Solicitors (preferably with a branch in Singapore);
- Justice of Peace; or
- Commissioners for Oaths
- In Person
You may choose to visit any of our Customer Service Centres to complete the application forms. Please bring along the required supporting documents.
Kindly take some time to read through the terms and conditions prior to opening an account. You may also download a checklist for Account Opening here.
Important Notes
- Account applicant to be at least 21 years of age.
- Mailing and residential addresses for all trading account applications are to follow the addresses stated on the applicant's identification cards.
- For passport identification and exceptions, supporting documents such as original bank statements, CPF statements, Income & Property Tax statements from IRAS etc are to be provided.
- All amendments on account opening forms must be counter-signed by the applicant. An account opening form with more than 3 amendments will be rejected. A new form will then have to be completed for submission.
- The account opening form should be dated with the current date of submission of the application.
Account Opening Forms and Supporting Documents
Account opening forms
- LFX Account Application Form
- Client Proficiency Assessment Form
- Risk Disclosure Statement for trading in Leveraged Foreign Exchange contracts
- Tax Residency Self-Certification Form (applicable to non-Singapore tax-resident)
Supporting Documents
To open a Forex trading account, please furnish the following supporting documents listed below.
Nationality
|
Supporting Document(s) Required
|
Singaporean
|
(i) Singapore pink Identification card (IC); or
(ii) Singapore Armed Forces ("SAF") Identification card; or (iii) Singapore Police Force Identification card and passport |
Malaysian
|
(i) Valid Passport; or
(ii) Malaysian Identification card |
Permanent Resident of Singapore
|
(i) Singapore blue Identification card; or
(ii) Singapore Armed Forces ("SAF") Identification card and passport; or (iii) Singapore Police Force Identification card and passport |
Other Nationalities
|
(i) Valid Passport; AND
(ii) Bank statement or utilities bill reflecting your name and residential address |
Risk Disclosure, Guide and Cautionary Notes and Terms and Conditions
Funding your Account
There is no minimum deposit required to open an account with us. However, you need to have sufficient free equity in your account to trade 1 micro lot (1,000 unit) which is the smallest tradable size. For example, to open 1 micro lot of GBP/USD position with 6.5% margin requirement requires an initial free equity of GBP 65 in USD or SGD equivalent.
Next steps
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