CFDs reopen, brokerage services in October

Recently, brokerages have been making a push to reintroduce stock CFD services. In this article, we’ll cover the background and how each brokerage has reopened.

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KB Securities CFD Service Resumed

KB Securities relaunched its domestic stock CFD service on April 4. The decision comes nearly five months after we temporarily suspended new sign-ups for domestic and international equity CFDs in May. KB Securities requires individual professional investors to have an average monthly balance of at least KRW 300 million over the past five years to provide CFD services. We’ve also introduced the ability to open an account in person at a branch, as well as restrictions based on personal credit scores and credit ratings.

Resumption of CFD services by NH Securities and other securities companies

  • NH Investment& Securities plans to open CFD accounts and start new trades on the 23rd. However, account opening is only available to customers who have already maintained an account with NH Investment & Securities for 6 months.
  • Merits Securities, Kyobo Securities, Yujin Investment & Securities, and Yuanta Securities have already resumed CFD services.
  • Hi Investment & Securities has launched a new CFD service.
  • Korea Investment & Securities, DB Financial Securities, Hana Securities, and Kiwoom Securities are considering when to resume services, while Samsung Securities and Shinhan Securities have not yet confirmed whether they will resume.

Status of CFD balance amounts

As of June 6, CFD balances (domestic and international stocks combined) amounted to KRW 1.2 trillion, down by more than half from March (KRW 2.769 trillion).

The reopening of CFD services by brokerage firms is likely a reflection of market changes and client demand. We hope this article will help you understand the conditions and status of each brokerage firm’s reopening and help you make an informed investment decision.

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