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What is the minimum requirement to open a Margin Trading Account (MTA)?

April 26, 2017account margin minimum MTA requirement trading

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What is the minimum requirement to open a Margin Trading Account (MTA)?

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The minimum collateral required is S$10,000 in the form of cash or securities. The credit line granted will be a multiple of the collateral deposited. A credit limit of 3 times will be granted for cash collateral and a credit limit of 2 times will be granted for securities collateral. For example, if you deposit cash of S$10,000, you will enjoy a credit line of S$30,000.