FAQ & Eligibility Criteria

Anyone who is above the age of 18 and below 21 years old can open a YI trading account.

To be eligible to open a YI Trading account, you need to have completed GCE 'A' Levels or be currently studying at a tertiary institution or Polytechnic.

A copy of the student/Matriculation card or EZ-link card is required together with a copy of the Identity card (front and back).

i. Suitability Accessment Questionnaire
    - To be completed by 'YI', followed by a TR's recommendation.

ii. Standing Instruction for Trust account form
    - Mandatory for 'YI' to sign standing instructions for auto crediting and debiting of trust account.

iii. Acknowledgement form for "A Beginner's Guide to Trading/Investing In Shares For Young Investors"
    - YIs are required to read and understand the different aspects of trading which can be found in our "A Beginner's Guide to Trading/Investing In Shares For Young Investors". Following this, they are required to sign an acknowledgement form indicating that they understand the contents.

i. Young Investors Cash Account
    - Up to 5 times deposit, subject to maximum Buy Limit of $50,000 / sell limits of $75,000.(Minimum Deposit of S$500 is required)
    - Only for equities listed on the Singapore Exchange

ii. Young Investors Joint Account with Parents
    - Up to maximum Buy Limit of $20,000 / Sell Limit of $30,000 (No upfront deposit is required).

iii. Cash Collateralised Trading (Applicable for Online Trading Accounts)
    - 100% deposit based, subject to approved credit limit.
    - Only for equities listed on the Singapore Exchange
    - For non-contra trades, purchases are deducted from trust account and sales proceeds are credited to trust account on due date.
    - Shares purchased shall be custodised in LTS' Sub-Account. Only custodised shares may be sold in the account.
    - There is no charge for maintaining the Sub-Account.

YIs are only allowed to trade equities listed on the Singapore Exchange (except for Structured Warrants, Leveraged Products and Specified Investment Products).