Bourse Securities: accounts, trading costs and custody in Trinidad and Tobago

Bourse Brokers Limited is the local stockbroking subsidiary of Bourse Securities Limited. The exchange identifies it as a member and as registered with the TTSEC for broker, dealer and investment-adviser business. The subsidiary, parent and foreign execution arrangements should be matched to the particular account, not collapsed into a single group licence.[3]

Local onboarding asks for two photo IDs, address evidence no older than three months, income/employment evidence and a source-of-funds declaration. Additional checks can be requested.[1]

View full spreads & trading costs

The repo material offers TTD and USD arrangements with terms from six months to three years. A separate campaign page publishes minimums of TTD 100,000 and USD 25,000. Collateral reduces a particular exposure but does not establish risk-free repayment, instant exit or a current interest rate.[7][8]

For TTD 120,000, those marginal bands give TTD 750 + 625 + 200 = TTD 1,575, excluding other charges. TOP advertises a reduced rate without publishing the number; this is not a verified TOP quote.[1]

For 100 shares at USD 10, the first two components total USD 13. If the quoted exchange charge applies to all 100 shares, it adds USD 6, producing USD 19. Currency conversion, spread and taxes are excluded.[2]

TOP is a web-based exchange service requiring a TTCD account, email address and broker approval. Bourse’s current page confirms self-entry of local trades, portfolio/cash/history views and TTCD e-statements. Those features do not establish that international BourseTrader uses the same interface.[5][1]

The exchange’s published pre-open runs 08:00–09:30 local time: orders may be queued but not matched. Its open period starts at 09:30. An accepted queue entry should not be described as an executed transaction.[6]

The public international service directs instructions to the trade desk by telephone or email. Detailed stop-order support, order expiry and outage execution commitments were not established.[2]

Purchases require prefunding. The local page says dividends are paid directly to the customer’s bank account. It does not establish a universal deadline or complete fee schedule for withdrawing proceeds after a sale.[1]

The foreign route also requires prefunded USD capital. Before transferring money, the actual foreign custodian, bank beneficiary, conversion spread and onward withdrawal arrangements need to be confirmed in the account agreement; the public service description does not settle those details.[2]

These are depository charges, not a promise that Bourse adds no handling fee. In particular, a local inter-member movement and a foreign securities transfer are different services. The TTCD schedule does not establish the complete international account’s custody chain or an overseas investor-protection entitlement.[4]

Bourse publishes separate 2025 conflict-of-interest statements for Securities Limited and Brokers Limited. The full Brokers statement was inaccessible during this review, so its detailed rules are not invented here. The separate documents reinforce the need to identify the contracting entity.[9]

TTSEC describes a remit to investigate securities-industry complaints. Its form distinguishes complaints from tips and requests identification, contact information and supporting evidence. Matters outside its remit may be referred to another authority; confidentiality is subject to investigation and legal requirements. A submission is not an order to the broker and does not automatically produce compensation.[11][10]

The exchange’s company profile identifies the parent’s 1995 origin and a wider fund-management, fixed-income and advisory business. Those group services provide context, but a brokerage account does not automatically enrol the customer in a fund, repo or discretionary portfolio.[3]

Headquarters

Chaguanas, Trinidad and Tobago