*OFFICIAL* Standard Chartered Bank Online Equities Trading

[Asphodeli]

Oops.. corrected..

well technically you're not wrong...

 

[ceciltan]

S$200k AUM which can be savings, current account, unit trusts or equities.

So once my stock account hit 200k, I am eligible. Do i need to go down to the branch to apply or this will be an automatic process?

 

[IndianChief]

How did MAS allow a substandard broker like SCB to be licensed?? Cheap is not a reason to give half **** service

 

[Aventad0r]

i never had problem with scb. cheap, fast, reliable doesn't come as a package

 

[naro]

So once my stock account hit 200k, I am eligible. Do i need to go down to the branch to apply or this will be an automatic process?

Not sure abt the process. Never sign up

 

[yihao93]

How did MAS allow a substandard broker like SCB to be licensed?? Cheap is not a reason to give half **** service

actually it is....

 

[chuanz]

How did MAS allow a substandard broker like SCB to be licensed?? Cheap is not a reason to give half **** service

Let's see...

Chief just started investing in VWRD last month... got 37 units.. plan to invest in a abit more every month

Chiefs Current Portfolio

STI ETF - 35%
ABF Bond Index ETF - 35%
VWRD - 30%

Assuming VWRD ~US$67, so 37 * US$67 = ~S$3.5k

So that makes:
STI ETF ~S$4k
A35 ~S$4k
VWRD ~S$3.5k

How much of more commission do you think you would have paid for your 12k-ish portfolio if not for SCB?

and investing "a bit more every month" would just not make sense with min comms. You'd need to do like 9-14k per local stock per month (depending on cash up front comms or T+3 comms) just to negate the effect of min comms.

Foreign market even more shiok. E.g. LSE via POEMS min GBP25, Vickers min GBP50, iOCBC min GBP55... Oh, and VWRD pays dividend, so congrats, your broker thank you for taking all the risk and still give them money via so called Dividend Handling Charges...

If you got half ****** by SCB, then would you prefer to switch to POEMS, Maybank KE, OCBC, Vickers, etc and get to be full ****** with free gift plus bonus?

 

[Average]

Nuff said, scb lumber 1.

 

[limster]

I have a feeling some people wherever they go, sure complain one. Switch to Poems, complain why min comm is $25, switch to TDAmeritrade then complain why comm is $10.65 per trade. Switch to IBKR also complain how come have $10 activity fee.

 

[Asphodeli]

How did MAS allow a substandard broker like SCB to be licensed?? Cheap is not a reason to give half **** service

SCB isn't a broker, they only take order from you.

BTW given the FX spread and your 37 units of VWRD purchase, net net, slightly cheaper comms than retail brokerage la, unless you buy SGD securities. Only difference is no corporate action fees for rights, no dividend handling fees, no quarterly charge, which other retail brokerages charge for.

Why complain so much for what, and why? Having a boatload of money doesn't mean you have the right to be treated "better", it only means you are allowed to do riskier stuff that most folk cannot do...

 

[Sinkie]

I have a feeling some people wherever they go, sure complain one. Switch to Poems, complain why min comm is $25, switch to TDAmeritrade then complain why comm is $10.65 per trade. Switch to IBKR also complain how come have $10 activity fee.

Then he realised that Dbs treasure brokerage also has no minimun Comm + 0.18% for sgx, then took leave to apply for one. And complained he needs $350,000 cash to open a treasure account. Now he will say Dbs discriminate peasant like us

 

[foozgarden]

Let's see...

Assuming VWRD ~US$67, so 37 * US$67 = ~S$3.5k

So that makes:
STI ETF ~S$4k
A35 ~S$4k
VWRD ~S$3.5k

How much of more commission do you think you would have paid for your 12k-ish portfolio if not for SCB?

and investing "a bit more every month" would just not make sense with min comms. You'd need to do like 9-14k per local stock per month (depending on cash up front comms or T+3 comms) just to negate the effect of min comms.

Foreign market even more shiok. E.g. LSE via POEMS min GBP25, Vickers min GBP50, iOCBC min GBP55... Oh, and VWRD pays dividend, so congrats, your broker thank you for taking all the risk and still give them money via so called Dividend Handling Charges...

If you got half ****** by SCB, then would you prefer to switch to POEMS, Maybank KE, OCBC, Vickers, etc and get to be full ****** with free gift plus bonus?

I have a feeling some people wherever they go, sure complain one. Switch to Poems, complain why min comm is $25, switch to TDAmeritrade then complain why comm is $10.65 per trade. Switch to IBKR also complain how come have $10 activity fee.

SCB isn't a broker, they only take order from you.

BTW given the FX spread and your 37 units of VWRD purchase, net net, slightly cheaper comms than retail brokerage la, unless you buy SGD securities. Only difference is no corporate action fees for rights, no dividend handling fees, no quarterly charge, which other retail brokerages charge for.

Why complain so much for what, and why? Having a boatload of money doesn't mean you have the right to be treated "better", it only means you are allowed to do riskier stuff that most folk cannot do...

Then he realised that Dbs treasure brokerage also has no minimun Comm + 0.18% for sgx, then took leave to apply for one. And complained he needs $350,000 cash to open a treasure account. Now he will say Dbs discriminate peasant like us

haha.. well said guys..

with no min comm. we should be glad.
sometimes we need to give and take abit la.

we cannt alwz win all.

 

[Layers]

Dividend from us market work the same? Credit with a day delay? Plus tax?

Sent from Sony E6853 using GAGT

 

[Asphodeli]

Dividend from us market work the same? Credit with a day delay? Plus tax?

Sent from Sony E6853 using GAGT

Usually overseas are delayed a little, can be as long as 3 to 5 days. Taxes are netted off already for you.

 

[Andyjwk]

Are we able see live transactions using SCB? (e.g. how many shares being traded at what price, how many shares queuing for $XX.)

 

[xersion]

Can see last 5 executed prices and qty

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[xersion]

I never noticed...can tell me how to see?

Here

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[butterbreak]

Now transfer from cdp to scb also need money Liao. Scb won't absorb alrd. Sian ttm

 

[Layers]

Now transfer from cdp to scb also need money Liao. Scb won't absorb alrd. Sian ttm

They change their terms liao? Gg

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[Asphodeli]

Hmm if that's the case then I'll just use SCB to DCA lo.

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