Opening Accounts

its easy to open an account at Universal Broker.
Simply click on any of the questions to view the answer, or if you want to review the whole list, just scroll down the page.

Opening an Account

  • Is there a minimum amount required to open an account?How do I transfer an account into Universal broker?
  • Do you open accounts for people outside Indonesia?
  • Why do I have to disclose personal information to open an Universal Broker account?
  • How are accounts protected?
  • When will an account be ready for trading?
  • If I open an account online, do I still need to send in paperwork?

Is there a minimum amount required to open an account?
We have no limit deposit required to open an account; however, the account must have enough buying power to pay for a trade before it is placed. Please review your trading strategy and fund the account to the appropriate level. Minimum margin required to open a cash account, IDR 30.000.000 (thirty millions rupiah)

How do I transfer an account into Universal broker?
An Account Transfer Form will need to be completed and returned to us with a copy of the most recent statement showing the title of the account, the account number, and an asset list. A signed account transfer form is required for each account being transferred to us. For more detailed information on transfers, please contact us.

Do you open accounts for people outside Indonesia?
Yes, upon our review and at our discretion we accept unsolicited accounts from non Inonesia residents. We will review and open foreign accounts depending on the country of residence and at our discretion. Please note that we are a Indonesia based broker. We offer not only Indonesi exchange traded products and we accept USD currency in our customer accounts.

Why do I have to disclose personal information to open an Universal Broker account?
Due to regulatory requirements by the Indonesia government, Indonesia brokerages have been required to obtain, verify and record information about persons who open accounts and certain individuals related to them, including account signatories (in the case of entity accounts)

What are the requirements when I provide a government photo ID?
All three of the following requirements must be met when providing a photo ID:
  • Valid non-expired government ID
  • Evidencing nationality or residence
  • And bearing a photograph or similar safeguard
How are accounts protected?
We are a member of KPEI & Indonesian Derivatives Clearing House which protects against losses caused by the financial failure of the broker-dealer, but not against but not against losses resulting from depreciation in a security's value.

If I open an account online, do I still need to send in paperwork?
Yes , even The initial account process begins online and will prompt you to print out and sign the application at the end but Indonesia government regulations came into effect requiring that we verify your identity. An account is ready to trade when the account number and appropriate trading level has been assigned, and funds and/or assets have settled in the account.

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