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Non-Margin Account

Non-Margin Account



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:

 

Features:


-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.