What Account Types and Fees Does BOCI Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner and retail traders |
Access to major markets, user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, personalized services |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized trading solutions, access to institutional pricing |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Complies with Sharia law, no overnight interest |
Available upon request, subject to verification |
| Demo Account |
New traders |
Practice trading without risk, simulated environment |
No capital requirements, for training purposes |
Account Opening Process
Opening an account with BOCI is a straightforward process that can be done through multiple methods. Clients can choose to complete the application online via the BOCI app, where they can follow the account opening instructions. Alternatively, they may opt for an in-person application at the BOCI office in Hong Kong, bringing original copies of their Hong Kong ID or passport, along with proof of address issued within the last three months. For those preferring to apply by mail, they need to fill out the physical account opening documents, provide identity verification documents, and include a cheque of at least HKD 10,000 from a licensed bank, made payable to BOCI Securities Limited. It’s worth noting that the account will only be activated after the cheque is cleared. Additionally, clients have the flexibility to upgrade to a professional account later if they meet the necessary requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing |
| CFDs (Stocks) |
0.1% |
$10 per lot |
Varies by stock |
| CFDs (Indices) |
0.5% |
$5 per lot |
Includes major indices |
| CFDs (Commodities) |
0.8% |
$5 per lot |
Standard rates apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Clients should also be aware of other potential fees associated with their accounts at BOCI. These may include deposit and withdrawal fees, which vary depending on the method used. Inactivity fees may apply if the account remains dormant for an extended period. Clients should also consider any platform usage fees that may be charged for accessing certain features. Additionally, overnight interest (swap rates) may apply to positions held overnight, and currency conversion fees may be incurred when trading in currencies different from the account’s base currency.
