What Account Types and Fees Does Roc Bank Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Personal Account |
Individual traders |
No minimum deposit, easy access to various trading instruments |
Suitable for casual traders and those new to investing |
| U.S. Omnibus Account |
Institutional clients |
Access to U.S. markets, aggregated trading |
Requires corporate documentation and compliance with U.S. regulations |
| Hong Kong Stocks Integrated Account |
Investors focusing on Hong Kong stocks |
Integration with local markets, competitive pricing |
Best for traders looking to diversify within the Hong Kong market |
| U.S. Global Account |
Global investors |
Global access to securities, derivatives, and ETFs |
Requires verification of financial standing |
| Hong Kong Global Account |
International traders |
Tailored for trading international securities |
Ideal for those with a significant trading background |
Account Opening Process
To open an account with Roc Bank, prospective clients must follow these steps:
1. Submit personal information, including identification details and contact information.
2. Provide employment details and financial information to assess trading capabilities.
3. Complete identity verification by submitting a valid ID and proof of address.
4. Enjoy account flexibility, allowing for upgrades to a professional account as trading experience and volume grow.
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 pricing for popular pairs |
| CFDs (S&P 500) |
1.5 |
$0 |
Low-cost access to U.S. indices |
| CFDs (Gold) |
3.0 |
$10 per lot |
Varies with market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Clients should be aware of the following potential costs:
– Deposit/withdrawal fees may apply depending on the payment method used.
– Inactivity fees may be charged for accounts that remain dormant for an extended period.
– Platform usage fees could exist for advanced trading functionalities.
– Overnight interest (swap rates) will apply to positions held overnight.
– Currency conversion fees may be applicable for transactions in different currencies.
