How much would Ta Securities be willing to finance for a margin account?
First of all, there is no set minimum amount that you can borrow, but it should be a considerable amount of at least RM20000. Ta Securities will be able to finance up to 55% of your pledged collateral, depending on your credit rating.
A margin call will be triggered if your borrowings go over the 60% margin on your account, and you will need to add in more collateral in order for your borrowing and equity to be proportionate.
What kinds of securities can I pledge as collateral?
There are two kinds of securities accepted:
|Quoted Shares||1 time|
The credit limit on your collateral is negotiable with Ta Securities, and you are encouraged to have at least three to five active trading counters.
Will I be given the option to withdraw cash?
No, there is no such option available for this share margin account.
Can I choose my own broker?
Yes, you will be free to do so, as long as the brokering firm has an existing relationship with Ta Securities.
Is Ta Securities Share Margin Financing open for foreigners?
Unfortunately, this share margin option is only for Malaysians.
What documents do I need?
Bring along these documents when meeting with the bank's representative:
- Photocopy of NRIC or passport; and
- Photocopy of latest 3 months Form J or salary slip; and/or
- Photocopy of latest 3 months bank statement