Yuanta Securities "Transfer Foreign Currency Without Fees, Trade Overseas Stocks Without Currency Exchange"

Launch of Foreign Currency Virtual Account Service and Integrated Margin Service for Overseas Stocks

[Asia Economy Reporter Minwoo Lee] Yuanta Securities is launching a service that allows foreign currency transfers without fees and domestic and international stock trading without currency exchange.

On the 11th, Yuanta Securities announced the launch of the 'Foreign Currency Virtual Account Service,' which enables foreign currency deposits to virtual accounts requested by customers, and the 'Overseas Stock Integrated Margin Service,' which allows cross-trading between domestic and overseas stock markets without separate currency exchange.

The Foreign Currency Virtual Account Service automatically deposits foreign currency into the company's account when deposited through the assigned virtual account. Customers holding foreign currency at other financial institutions can apply for a virtual account and deposit into that account, which will be transferred to the company's account without additional fees.

The Overseas Stock Integrated Margin Service allows trading of domestic and overseas stocks with Korean won and foreign currency in the account without a separate currency exchange process, and automatically converts only the necessary funds at the time of stock settlement. Customers who apply for the service can trade domestic and international stocks without currency exchange even if they do not have the currency of the respective country.

Until the 30th of next month, a 'Right Now Event' will be held, offering prizes to customers who apply for the service. The first 500 customers to apply will receive a Starbucks coffee gifticon, and among customers who trade overseas stocks after applying for the service, one person will be selected by lottery to receive a Dyson fan worth approximately 500,000 KRW. Detailed information can be found on the Yuanta Securities website and the mobile application 'T-Rader M.'

Shin Nam-seok, Head of Retail Strategy at Yuanta Securities, said, "With the globalization of asset accumulation methods and the development of information and communication technology (ICT), foreign currency and overseas stocks have become a key part of portfolios. We will continue to expand services so that investors can build and trade global portfolios more quickly and conveniently."

This content was produced with the assistance of AI translation services.