Who can open a Securities Trading Account?
Myanmar citizens and foreigners except the employees from securities companies can open a Securities Trading Account. Companies can also open a Corporate Securities Trading Account.
Where can a Securities Trading Account be opened?
To open a securities trading account, please enquire at uab securities Limited Head Office or uab Branches within office hours.
What are the requirements to open a Securities Trading Account?
NRC Card, Email Account and uab bank Passbook are required for Individual Securities Trading Account. If you do not have a uab bank Passbook, you can open a new bank account in the same time. Email Account must be presented to provide information related with securities trading. Details of required documents for the corporate securities trading accounts are described in Client Guide.
Do you accept the bank accounts from other banks?
We only accept the uab bank Accounts.
What kinds of information will be received after opening the securities account?
You will receive two letters by email.
1. Welcome Letter which includes Trading Account Number (Client ID) with 9 Digits, Email Address, Mobile Phone Number and two Bank Account Numbers and
2. Welcome to online trading letter which contains Log In Password.
First bank account number is Trading Bank Account which is opened only for securities trading purpose and second bank account number is Personal Bank Account used for withdrawal purpose.
What is the difference between Trading Bank Account and Personal Bank Account?
Trading Bank Account is opened together with Securities Trading Account. Interest rate is 4% per annum as per Monthly savings interest rate calculation. Required amount must be deposited to Trading Bank Account in order to buy shares.
If you want to withdraw the sell amount or unused amount from the Trading Bank Account, we will transfer to the Personal Bank Account (Savings or Current Account) which was provided at the time of securities account opening. Any bank account except joint account, fixed account, teenager account and saving plan can be used for personal bank account.
How long does it take to open a securities Trading Account?
Account will be registered within 2 business days after receiving complete application form. You will receive two welcome letter email and our dealers will also inform by phone and explain about securities trading.