HWZ Forums

Login Register FAQ Mark Forums Read

Brokerage?

Like Tree2Likes
Reply
 
LinkBack Thread Tools
Old 09-02-2018, 10:38 PM   #1
Junior Member
 
Join Date: May 2011
Posts: 73
Brokerage?

Hi there anyone can recommend which bank brokerage or like youre experiences with it? Eg DBS, OCBC, Standard Chartered, etc!

Thanks in advanceee ^^
iwanthp is offline   Reply With Quote
Old 09-02-2018, 11:01 PM   #2
Senior Member
 
Join Date: May 2017
Posts: 714
DBS Vickers Cash Upfront is 0.12% commission (or minimum $10) until March 2018.

Also gives $5 rebate for each trade, so effectively you're paying less for a buy trade.

I like it.
JuniorLion is online now   Reply With Quote
Old 09-02-2018, 11:37 PM   #3
Junior Member
 
Join Date: May 2011
Posts: 73
DBS Vickers Cash Upfront is 0.12% commission (or minimum $10) until March 2018.

Also gives $5 rebate for each trade, so effectively you're paying less for a buy trade.

I like it.
May i know whats the difference between using cash upfront and normal online trading?
and also i saw that can only purchase Singapore stocks? was planning to buy overseas stocks like google etc
iwanthp is offline   Reply With Quote
Old 09-02-2018, 11:40 PM   #4
Senior Member
 
Join Date: May 2017
Posts: 714
May i know whats the difference between using cash upfront and normal online trading?
and also i saw that can only purchase Singapore stocks? was planning to buy overseas stocks like google etc
Cash upfront means you top up your account prior to buying...

Pretty sure a brokerage allows purchase of overseas shares? I haven't really got into that yet.
JuniorLion is online now   Reply With Quote
Old 09-02-2018, 11:49 PM   #5
Master Member
 
Join Date: Dec 2013
Posts: 4,570
DBS Vickers Cash Upfront is 0.12% commission (or minimum $10) until March 2018.

Also gives $5 rebate for each trade, so effectively you're paying less for a buy trade.

I like it.
You have to sell within T+3, otherwise the sell transaction will be considered as Cash trading and it's normal trading cost.

Kenna this and it's fking troublesome. Money transfer back via EPS 5 days after selling, can't use it for buy/sell at cash upfront rates During that period.

Would rather pay more for SCB or MayBank KE Prefunded account.
lohsenglte is offline   Reply With Quote
Old 09-02-2018, 11:52 PM   #6
Master Member
 
Join Date: Dec 2013
Posts: 4,570
Cash upfront means you top up your account prior to buying...

Pretty sure a brokerage allows purchase of overseas shares? I haven't really got into that yet.
Cash Upfront only Singapore for DBS. Cash trading can be for oversea markets if you've applied for it.

Maybank KE, SCB Online Trading can do oversea trading for their Prefunded account. Not sure if KE need to convert to the oversea currency or not first before transacting (ie auto or manual), but for SCB, it's mandatory, and will have to manually convert back to SGD thereafter.
lohsenglte is offline   Reply With Quote
Old 10-02-2018, 12:02 AM   #7
Master Member
 
tiertime's Avatar
 
Join Date: Jan 2011
Posts: 2,650
I am using CMC Markets, DBS Vickers, Standard Chartered and Lim Tan.

I find that DBS Vickers platform will hang when there is a lot transactions e.g. a few days ago when there was a plunge

personally like Lim Tan better as they give LinkPoints for your trades, and new account holders will get rewards worth $195 for 1st 3 trades done in a month using CASH account

Anyone keen on getting some extra NTUC vouchers on top of what they are giving for new account opening can PM me
tiertime is offline   Reply With Quote
Old 10-02-2018, 12:05 AM   #8
Master Member
 
tiertime's Avatar
 
Join Date: Jan 2011
Posts: 2,650
May i know whats the difference between using cash upfront and normal online trading?
and also i saw that can only purchase Singapore stocks? was planning to buy overseas stocks like google etc
you can only use CASH account to buy/sell US stocks,
for SG stocks, commission for each trade shd be 0.28% / min S$25, whereas US stock should be min US$20


Cash upfront means you top up your account prior to buying...

Pretty sure a brokerage allows purchase of overseas shares? I haven't really got into that yet.

have to fill a W-8Ben form for trading US stocks
tiertime is offline   Reply With Quote
Old 10-02-2018, 04:39 PM   #9
Arch-Supremacy Member
 
Join Date: Aug 2011
Posts: 21,254
Can cash up front be used to buy usd shares on sgx?
highsulphur is online now   Reply With Quote
Old 10-02-2018, 05:39 PM   #10
Junior Member
 
Join Date: Feb 2018
Posts: 6
I like CIMB platform. Most user friendly. Only problem is they have 2FA which I feel very mafan :p
YNWAAA is online now   Reply With Quote
Old 10-02-2018, 09:46 PM   #11
Supremacy Member
 
Maeda_Toshiie's Avatar
 
Join Date: May 2007
Posts: 5,613
I like CIMB platform. Most user friendly. Only problem is they have 2FA which I feel very mafan :p
Most if not all brokerage have 2FA based on token or SMS?

----------------------------

Local brokerages are free, so you can always open a few and then testdrive them.
__________________
The power supply unit in a powerful computer should never be neglected.

Faibo waipaaa!
Maeda_Toshiie is offline   Reply With Quote
Old 10-02-2018, 10:02 PM   #12
Master Member
 
tiertime's Avatar
 
Join Date: Jan 2011
Posts: 2,650
Most if not all brokerage have 2FA based on token or SMS?
Lim Tan does not require 2FA to login
tiertime is offline   Reply With Quote
Old 10-02-2018, 10:45 PM   #13
Master Member
 
eDisFieD's Avatar
 
Join Date: Dec 2004
Posts: 4,271
Hi, can I just get this straight? Regardless of the stock holding by CDP or custodian, am I right to say this:

Online cheapest brokerage fee: SC
Prefunded cheapest brokerage fee: DBSV and UOB KH

Am I right? Thanks for advising
eDisFieD is offline   Reply With Quote
Old 10-02-2018, 11:04 PM   #14
Senior Member
 
Join Date: May 2017
Posts: 714
Hi, can I just get this straight? Regardless of the stock holding by CDP or custodian, am I right to say this:

Online cheapest brokerage fee: SC
Prefunded cheapest brokerage fee: DBSV and UOB KH

Am I right? Thanks for advising
Please take a look at this:
https://blog.seedly.sg/the-ultimate-...-in-singapore/

Saxo Capital Markets have a higher minimum commission as compared to Standard Chartered ($15 versus $10). But it also have a lower commission (0.12%) compared to SC (0.20%).

So if you are making big trades, then Saxo Capital Markets is for you.
JuniorLion is online now   Reply With Quote
Old 10-02-2018, 11:53 PM   #15
Supremacy Member
 
Join Date: Oct 2000
Posts: 6,029
Please take a look at this:
https://blog.seedly.sg/the-ultimate-...-in-singapore/

Saxo Capital Markets have a higher minimum commission as compared to Standard Chartered ($15 versus $10). But it also have a lower commission (0.12%) compared to SC (0.20%).

So if you are making big trades, then Saxo Capital Markets is for you.
Beware of Saxo Capital Markets
limster is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On