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Home > Investment Banking > Foreign Exchange Margin and Option Margin Trading Services

Foreign Exchange Margin and Option Margin Trading Services

Monitor the market, and maximise your returns

Capture exciting investment opportunities in the ever-changing  foreign exchange market

BEA's Cyberbanking platform now offers special advantages when investing in foreign currencies, helping you capture profitable (1) investment opportunities whether the market is trending or stuck in a range.

Advantages

*  Narrower trading spread
*  Free streaming real time quotations
*  Free access to Prosticks charts with technical indicators
*  Real-time financial news and information, helping you discover more investment
     opportunities
*  Place new orders, amend or cancel orders, and check your latest order status
*  Check your account balance, position status, and transaction record
*  No commission on transactions
*  Trade foreign exchange ("FX") options at the same time for better investment
     opportunities
*  SMS and e-mail notification for order executions and price alerts

Other Features:

*

 Trade FX & FX options through two channels:
   1. Manned trading hotline
 2. Electronic trading platform via BEA Cyberbanking

*

 Leveraged trading - as high as 16 times your margin deposit (2) 

*  Extended trading hours: 
 

Monday to Friday

(HK time)

 

7:00 a.m. - 3:30 a.m.  (FX)

9:00 a.m. - 3:00 a.m. (Options)

Public holidays

Please contact the FX Margin Hotline on (852) 2211 1688

 

*

Various types of conditional orders(3):

  * Limit / Stop loss order
* One-cancels-the-other order
* If done then single order / If done then one-cancels-the-other order
* Various choices of tenor
  * Today order
* Good till Friday
* Good till Cancel
* Position locking service

* 

Enjoy privacy and complete confidentiality when you enter your account details and PIN when making transactions by telephone.
* Detailed confirmations and statements are provided for reconciliation.
* 

Enjoy a wide selection of currencies to use as collateral for margin deposits, allowing you to earn interest, including USD, HKD, EUR, GBP, JPY, CHF, AUD, NZD, CAD, CNY, SGD, and THB*


*A 10% haircut will be applied to the valuation of a THB deposit, the variation of this haircut is subject to the Bank's discretion.

Extensive Currency Choices and Cross-Currency Combinations

You can trade in various currencies:

7 Currencies against USD
Currency Minimum Contract Size Per Deal
Pound Sterling
GBP 50,000
Euro
EUR 50,000
Australian Dollar
AUD 50,000
New Zealand Dollar
NZD 50,000
Canadian Dollar
USD 50,000
Swiss Franc
USD 50,000
Japanese Yen
USD 50,000

11 Cross-currency Pairs
Cross-currency Minimum Contract Size Per Deal
EUR/JPY
EUR 50,000
EUR/CHF
EUR 50,000
EUR/GBP
EUR 50,000
GBP/JPY
GBP 50,000
AUD/JPY
AUD 50,000
AUD/NZD
AUD 50,000
NZD/JPY
NZD 50,000
CHF/JPY
CHF 50,000
CAD/JPY
CAD 50,000
AUD/CAD
AUD 50,000
NZD/CAD
NZD 50,000

Foreign Exchange Option Margin Trading

A Foreign Exchange Option Margin Trading contract allows the option buyer to have the right, but not the obligation, to buy or sell a pre-defined amount of a currency against another, at a pre-defined exchange rate known as the strike price, at the end of a pre-defined period ends on the option expiration date.

 

Foreign Exchange Option Margin Trading Features

* Leveraged trading: 10 times(2) the value of your margin deposit
* Minimum contract amount:US$250,000 or 250,000 of the first currency      
     amount (where the lower amount applies)
* Spot price: FX currency price traded in the spot market
* Contract tenor: 1 week to 12 months
* Option premium: The price of an option that the option buyer will have to pay 
     the option seller in order to compensate the option seller's risk assumption
* Option contract: Major currencies against the USD (AUD, CAD, CHF, EUR,
     GBP, JPY, NZD, and other cross currencies* 
* Settlement arrangement: The expiry time of the contract is 2:00pm (HK time)
     on the expiry date
* Call option: A call option buyer will have the right to buy the underlying
     currency pair
* Put option: A put option buyer will have the right to sell the underlying 
     currency  pair
* European-style option: An option that can be exercised only on the expiration
     date
* "Plain Vanilla" option: A simple option that allows the buyer to choose to
      exercise or not to exercise on the expiration date

*Cross currencies are determined and amended by the Bank from time to time.

 

Account Operation

Anyone aged 18 years or above can open a Foreign Exchange Margin and Option Margin Account ar BEA with a deposit of US$5,000 or its equivalent (4).

Enquiries

For full details, please visit your nearest BEA location. With nearly 140 branches and SupremeGold Centres, BEA operates one of the largest banking networks in Hong Kong.
FX Margin Hotline (852) 2211 1688

Remarks

1.

Participants should be aware of the risks associated with adverse movements in exchange rates.  It is therefore advisable that participants have a good understanding of the foreign exchange market and be able to keep abreast of market developments.  The Bank of East Asia, Limited ("BEA") reserves the right to close a position in case of inadequate margin deposit. When the margin deposit has dropped below 5% of the outstanding position, customers are required to top up the deposits.  BEA is not responsible for notifying customers.  When a margin deposit has dropped to 3% of the outstanding position, BEA can reduce the gross open position in whole or in part by closing out the outstanding FX contracts in accordance with the size of the floating loss of the FX contracts in descending order, with the largest loss being the first.

2. The leverage ratio is subject to BEA's review and approval.
3. 

Execution of an order at specified price cannot be guaranteed due to unexpected market fluctuations and other circumstances which are beyond BEA's control. Cancellation or amendment of orders and all dealing activities should be conducted through the designated channels. BEA is not responsible for adjusting a customer's order against his/her transaction. If customer does not maintain sufficient collateral for his/her open-position order, the open-position order will be cancelled automatically without notice when the market price reaches the order rate. 

4.  The trading facility line is subject to BEA's review and approval.

FX Margin Hotline

FX Margin Hotline: (852) 2211 1688