To register for marginDragon, please follow one of these options below:
- Option 1: Please access the online trading system – iDragon. Instruction details.
- Option 2: Please visit one of our branches and bring your valid ID card. Our available branch offices details.
- Option 3: Please contact us via (028) 6299 2020 or your Account Management Consultant for assistance.
No, please renew your ID card, then register for margin trading service.
After checking that your registration request is valid, VDSC will execute and activate your margin trading account within the day.
Interest rate calculation: interest is based on Client’s outstanding loan at the end of the day, including Saturday, Sunday and holidays.
Interest collecting date: interest is collected periodically on the 25th of every month (If it coincides with a holiday, it will be collected on the next working day). If the debt is cleared, or if the Client or Account Manager requests it, a single separate collection.
Interest on Margin Loans is published on our website. Click here for the current interest rate.
Log in to “Home”-> “Individual”-> “Services”-> “Financial services”-> “Margindragon Suit”-> “Margin eligibility list”, for information on stocks eligible for margin trading at VDSC.
Our portfolio is diverse and updated monthly based on VDSC’s criteria.
VDSC will collect debt in the following cases:
- As requested by Clients.
- When Client’s Outstanding loan is higher than borrowing capacity (Margin call), our system will collect partially or entirely the original debt to ensure that the outstanding loan is less or equal to borrowing capacity.
- If Clients have registered for an automatic debt collection service, the system will automatically collect debt if there is a cash balance arising at the end of the day.
- When your account has an outstanding loan and the marginDragon service has expired without renewal.
To sign up for auto debit, please follow one of these options below:
- Option 1: Please visit one of our branches and bring your valid ID card.
Details of our branch office are available here.
- Option 2: If you have registered for transaction service on the callDragon, please use your registered number to contact us at (028) 6299 2020 with your request.
- Option 3: Please log-in to the iDragon app and choose “Services” -> “Automatic Loan Repayment” -> “Register” -> “Confirm”.
Please log-in to the iDragon -> “Account” -> “Statement” -> “Margin” -> Choose date from/to -> choose “Search”.
Note:
- The transaction data for the current day will be updated after the system processes day-end.- Please select up to three months for each lookup. For example, if Clients want to look up history from April 1, 2021, to September 30, 2021, choose twice to look it up:
- Choose from April 1, 2021, to June 30, 2021.
- Choose from July 1, 2021, to September 30, 2021.
Clients do not have to execute any steps for the cash advance. Immediately after the stock is sold successfully in the session, money from selling securities will be automatically added to your buying power and withdrawal capability, after deducting fees and taxes.
If Clients use this money to buy securities, withdraw/ transfer funds, clear debt, etc., the system will automatically calculate and adjust the cash advanced according to the amount that has been used when the system processes day-end.
Cash Advance Fee =Deployed amount * Fee rate * Days of service use
Please refer to Fee Rate here.
The system only charges the advance amount used. Therefore, if clients place a buy order but the order isn't matched and do not use the advance for other payment purposes, they will not lose the advance fee.
You need to register for marginDragon service. After checking that your request is valid, VDSC will execute and activate your margin trading account. Then it will be effective.