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| Questions on Opening a Share
Trading Account |
Q. Do
I have to open an account with you in order to trade?
Q. How
do I establish my account for trading?
Q. I
am not an Australian resident. Can I open an account?
Q. Can
a minor open an account?
Q. How
long will it take to establish a new account?
Q. Once
my application has been established when can I start trading?
Q. Can
I open a margin lending account?
Q. What
are your brokerage charges?
Do I have to open an account with
you in order to trade?
Yes, to begin trading with Sanford Securities you are required
to fill out our application forms and have an account established
with us before you can trade. Application forms and Terms
and Conditions can be found on the Open An
Account page on the website.
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How do I establish
my account for trading?
Visit the Sanford Open an
Account page to download the application kit. Otherwise,
you can phone 1300 658 860 or send us an email to have
the forms posted, emailed or faxed to you. Complete application
forms should then be posted to:
The Accounts Manager
Sanford Securities Limited
PO Box 7428
Cloisters Square
Perth WA 6850
AUSTRALIA.
Or faxed to: (08) 9212 8885
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I am not an Australian
resident. Can I open an account?
Yes. Just print out the application forms and return to us
as instructed.
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Can a minor open
an account?
No. Only persons who are 18 years or older may be registered
as the owner of shares. If you wish to purchase the shares
on behalf of a minor, you may include the minor's name in
the Account Designation field. If Mr Joe Bloggs is the father
and Joe Bloggs Junior is the child, <Joe Bloggs Junior
A/C> should be written in the account designation.
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How long will it
take to establish a new account?
Once the application is received, we will open your Trading
and Funding Account within (2) two working days. A Welcome
Pack will then be posted to you.
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Once my account
has been established when can I start trading?
We will send you a Welcome Pack containing your Username,
a Password and a PIN number which will enable you to begin
trading. The Password and PIN number are sent to you separately
and on different days for your security.
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Can I open a margin
lending account?
Sanford enables clients to trade through margin lending accounts
with approved margin lenders. You can do this by filling in
the section for margin lender details on the application form.
Other points about margin trading are:
- Margin traders can only have phone
trading accounts;
- Margin lending trades are charged
at normal phone brokerage rates (43.95 or 0.11% up to a
maximum of $100,000 in value) PLUS $27.50 administration
fee. (All prices are inclusive of GST);
- With each order that is placed
on a margin lending account, the order taker needs to contact
the margin lender to confirm if sufficient stock or funds
are available.
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What are your brokerage
charges?
Please refer to our Schedule
of Fees page for a full list of brokerage charges.
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