SECURE | TRUSTWORTHY | RELIABLE

WHAT IS A TRADING ACCOUNT? 

This is an account that CSB can set up for you that allows access to major global stock exchanges and financial markets.  The purpose of a Trading Account would be to buy and sell financial products such as stocks and shares in companies that you believe may gain value. A collection of stocks and shares are referred to as a portfolio.

Day traders buy and sell securities daily, within regular trading hours, and as a result, their accounts may be subject to special regulatory requirements.

Before trading accounts were introduced, traders were required to be physically present on the trading floor of stock exchanges to buy or sell securities. The system was known as an open outcry, and traders needed to verbally communicate with other parties on the trading floor when buying or selling securities.

However, with the introduction of electronic trading, the open outcry system was replaced by trading accounts, which traders can use to buy and sell securities electronically without being physically present on the trading floor. The securities are held in electronic form instead of holding physical certificates.

With a CSB Online Trading Account, you will have secure access to your portfolio allowing you to see your investments and execute buy and sell orders as you wish.  You will also see the range of investments available to purchase through various exchanges.  Your CSB Online account is revalued daily and the end-of-day value is fixed so that you can view your total CSB Portfolio; Cash Account, Trading Account, Pre-Paid Debit Card Account, Precious Metals Account, and Managed Investment Account at one glance.

GET IN ON THE ACTION

If you are interested in opening a trading account with CSB, enquire with one of our friendly Banking officers or get started online by setting up an account today.

TRADING HIGHLIGHTS - 13 August 2022