A leveraged forex account lets you trade currency pairs by posting only a fraction of the contract value as margin. This allows you to take larger positions with less capital, magnifying both potential gains and losses. Your trades are executed on the iOCBCfx platform and are routed directly to liquidity providers through Straight Through Processing. It is intended for investors who understand the risks of margin trading.
iOCBC Leveraged Forex Account
Reliable FX trading with your funds secured at OCBC
What are you here for?
Visit OCBC Securities branch
To apply in person, visit us with the required supporting documents:
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Your identification document(s)
- For Singaporeans or Singapore Permanent Residents: Your passport and your NRIC/SAF Identity Card/SPF ID
- For Malaysians: Your identity card and, if applicable, a Singapore residence pass (e.g. employment pass)
- For others: Your passport and, if applicable, a Singapore residence pass (e.g. employment pass)
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The original or an electronic copy of any of these documents that show your name and address:
- Phone bill
- Bank statement
- Income tax statement
- CPF statement
- CDP statement
If your mailing address differs from your residential address, please prepare one document for each address. The document(s) must be dated within the last three months.
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Our address:
18 Church Street, #01-00 OCBC Centre South
SIngapore 049479
Get a Trading Representative to contact you
Benefits
List of currency pairs
| Currency Pairs | ||||||
|---|---|---|---|---|---|---|
| Pairing with EUR | Pairing with USD | Pairing with JPY | Pairing with GBP | Pairing with AUD | Pairing with NZD | Other pairings |
| EUR/USD | USD/HKD | HKD/JPY | GBP/USD | AUD/USD | NZD/USD | CAD/SGD |
| EUR/SGD | USD/SGD | NOK/JPY | GBP/AUD | AUD/CAD | NZD/CAD | CHF/SGD |
| EUR/AUD | USD/JPY | CHF/JPY | GBP/CAD | AUD/CHF | NZD/CHF | SGD/CNH |
| EUR/CAD | USD/ZAR | SGD/JPY | GBP/CHF | AUD/JPY | NZD/JPY | NOK/SEK |
| EUR/CHF | USD/CNH | TRY/JPY | GBP/JPY | AUD/NZD | NZD/SGD | |
| EUR/GBP | USD/CHF | ZAR/JPY | GBP/NZD | AUD/SGD | ||
| EUR/JPY | USD/CAD | CAD/JPY | GBP/SGD | |||
| EUR/NZD | USD/NOK | CNH/JPY | ||||
| EUR/SEK | USD/SEK | SEK/JPY | ||||
Products you can trade with this account
Before you apply
Eligibility requirements
Minimum age
21 years old
Passed Customer Knowledge Assessment (CKA) per MAS requirements
Deposit requirements
Initial deposit
- S$1,000 for local residents
- S$5,000 for foreigners
- S$100,000 for corporates
Disclaimers
Risk warning for trading leveraged FX
Transactions in leveraged FX carry a high degree of risk. The amount of initial margin is small relative to the value of the leveraged FX transaction. As such, the transaction is highly 'leveraged' or 'geared'. A relatively small market movement will have a porportionately larger impact on the funds you have deposited or will have to deposit; this can work in your favor or against you. You may sustain a total loss of the initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to deposit substantial additional funds on short notice in order to maintain your position. If you fail to comply with a request for additional funds within the specified time, your position may be liquidated at a loss and you will be liable for any resulting deficit in your account.
Transactions in leveraged FX carry a high degree of risk. The amount of initial margin is small relative to the value of the leveraged FX transaction. As such, the transaction is highly 'leveraged' or 'geared'. A relatively small market movement will have a porportionately larger impact on the funds you have deposited or will have to deposit; this can work in your favor or against you. You may sustain a total loss of the initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to deposit substantial additional funds on short notice in order to maintain your position. If you fail to comply with a request for additional funds within the specified time, your position may be liquidated at a loss and you will be liable for any resulting deficit in your account.
Open a FX account in Singapore
Start your FX trading journey today
Or email us at fxdealing@ocbc.com for a FX demo account
FAQs
Common questions
What is a leveraged forex account and how does it work?
What currency pairs can I trade with this account?
The account provides access to more than 40 currency pairs spanning EUR, USD, JPY, GBP, AUD, NZD, SGD, and others. These include major pairs such as EUR/USD, USD/JPY, GBP/USD, and AUD/USD alongside cross-currency options. Traders also have access to regional and less commonly traded pairs.
How does leverage work in FX trading?
Leverage enables you to trade a larger position size than the capital you place as margin. A small market movement can have an outsized impact on your gains or losses due to this amplification effect. Leverage increases both opportunity and risk, meaning adverse price moves can lead to rapid losses. It is important to manage positions closely to avoid margin calls or liquidation.
What are the key risks of trading leveraged forex?
Leveraged forex carries a high degree of risk because a small price movement can quickly erode your margin. Adverse market shifts may require you to top up your margin at short notice to maintain your positions. Failure to do so may result in liquidation and a deficit balance. You should trade only if you fully understand these risks.
What trading platform is used for leveraged forex?
Trades are executed through the iOCBCfx trading platform, which is available on desktop, tablet, and mobile devices. The platform provides a user-friendly and customisable interface suitable for both new and experienced traders.
Does OCBC Securities act as a market maker for leveraged forex trades?
OCBC Securities does not act as a market maker for leveraged forex trading. All orders are passed directly to liquidity providers via Straight Through Processing. This means that the firm does not take positions against you.
What pricing or spreads can I expect when trading?
The leveraged forex account provides access to global tier 1 liquidity providers, offering competitive spreads on all currency pairs. Fractional pricing is also available, allowing for even tighter spreads. Actual spreads may vary based on market conditions.
Are there any fees or charges involved in leveraged forex trading?
Fees for leveraged forex trading depend on the pricing structure and may include transaction-related charges. The specific fee amounts, if any, are not listed on the account page and should be confirmed before applying. For full accuracy, users should refer to the official schedule of charges.
Is there a help desk I can contact for trading or technical support?
A 24/5 help desk is available to provide technical assistance during market hours. You also have access to a call-in dealing desk should you need to execute trades or obtain support. This ensures assistance is available whenever markets are open.
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