Kyobo Securities Launches 100% Margin CFD Account Premarket Trading Service
Kyobo Securities announced on the 11th that it has launched an overseas stock pre-market trading service for 100% margin Contract for Difference (CFD) accounts.
Through this service, overseas stock pre-market trading (18:00?22:00), which was previously only available in leveraged CFD accounts, is now possible in 100% margin CFD accounts as well. The 100% margin CFD accounts trade all stocks with a 100% margin rate without leverage. Accordingly, there are no forced liquidations or financial costs arising from leverage usage.
Kyobo Securities currently offers a multi-CFD service that allows trading domestic and overseas markets in a single account without currency exchange, enabling investments in stocks listed in 10 countries including the United States, Canada, the United Kingdom, Germany, France, Japan, China, Hong Kong, Taiwan, and Australia, as well as domestic markets.
Choi Doo-hee, Head of Equity Financing, stated, "We are fully committed to investor protection by strengthening account opening requirements for CFD trading and analyzing appropriate risk levels for each customer. We will continue to strive to provide safer and more convenient investment services."
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Meanwhile, CFDs are over-the-counter derivatives exclusively for professional investors. Only customers who have completed professional investor registration and have been additionally approved for OTC derivatives trading qualifications?such as having at least one year of investment experience with an average monthly balance of 300 million KRW or more over the past five years?can trade CFDs.
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