What Account Types and Fees Does Oriental Securities Corporation Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner and intermediate traders |
Low minimum deposit, access to educational resources |
Suitable for small investors and practice trading |
| Professional Account |
Experienced traders |
Higher leverage, personalized support, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Tailored solutions, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law, no overnight interest |
Available upon request |
| Demo Account |
All traders |
Risk-free trading environment, practice with virtual funds |
Ideal for beginners to learn trading strategies |
Account Opening Process
Opening an account with Oriental Securities Corporation involves several straightforward steps. First, you will need to submit personal information, including your name, contact details, and date of birth. Next, you must provide employment information, detailing your occupation and employer. Financial information, such as your income and investment experience, will also be required. Identity verification is crucial; you will need to submit a government-issued ID and proof of address, like a utility bill. After the verification process, you can start trading immediately. Additionally, there is flexibility in account types; you can upgrade to a professional account later if you meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minors |
| CFDs (Stocks) |
0.2% |
$0.05 per share |
Varies by stock price |
| CFDs (Indices) |
0.5% |
$3 per lot |
Standard for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, clients should be aware of other potential costs. Deposit and withdrawal fees may apply, depending on the payment method chosen. Inactivity fees are charged if the account remains dormant for an extended period. Platform usage fees might be applicable for specific trading tools or services. Overnight interest, also known as swap rates, may be incurred for positions held overnight, while currency conversion fees could apply when trading in different currencies.
