SEBCSL also offers non-margin accounts, which are also known as cash accounts. The main features of a non-margin account offered by SEBCSL are:
-Investors can only buy securities with the cash available in the account, and cannot borrow money from the broker.
-Short selling is not allowed in a non-margin account.
-There is no minimum equity balance required in the account.
-Orders can be received through email & telephone.
-Portfolio statement sent regularly through email
Fees and Charges:
-SEBCSL may charge fees such as account opening fees, trading fees, and account maintenance fees.
-Unlike margin accounts, there are no interest charges in a non-margin account.