How to Open a Stock Trading account in Singapore-Updated 2015

[Sinkie]

so u r saying this is preferred to normal trading account?

Different people will have different preference

If not for contra trading or leverage, might as well use pre funded to get a lower rate

 

[Elephant789]

After some reading here I walked into SCB for a couple questions and the assistant told me that I don't need to open a CDP account to begin trading. He said I don't need one but if I want one I could. Is this true? Should I get one anyway? Thanks.

 

[sciprof]

Poems

URL:Online Stock and Share Trading-POEMS

Address: 250 North Bridge Road,
#06-00, Raffles City Tower
Singapore 179101

Contact Number: 65311555

Platform Interface

http://www.poems.com.sg/p2/trainings/

Experience more about POEMS 2.0 and discover how it Changes The Way You Trade. Learn more about its features and functionalities through our online tutorials and webinar sessions.

To open a Poem Account
you can fill in the eforms below.
http://www.phillipcapital.com.sg/Account/trading/online-application/asp/leftframe.asp


Lim&Tan Securities

URL: LIM & TAN Securities

Address:LIM & TAN SECURITIES PTE LTD
20 CECIL STREET
#09-00
EQUITY PLAZA
SINGAPORE 049705

Contact Number: : 6799 8188

Platform Interface

Lim & Tan Securities was established in 1973. Its main activity is stock broking and the main focus of the company is the retail market. Believing in providing cutting-edge technology to its clients, Lim & Tan Securities was amongst the first to introduce Internet Share Trading in Singapore in October 1998.

In line with its belief in providing a fast and convenient way for clients to trade shares Online, multiple channels are provided for clients to access its easy-to-navigate Online trading platform to check prices and trade. This includes the Mobile trading channel using mobile phones, where clients can view streaming live prices, which was added in June 2008. Subsequently in 2011 and early 2012, it introduced iPhone, Android and iPad Apps for more convenient on-the-go trading under its Online trading brand name, limtan.com.sg.

Currently Lim & Tan offers a trade charting application, LTS Station, where clients can trade using technical charting tools, insert trade diary comments on the charts and also view up to 10 years of their trade history with Lim & Tan Securities.

To open a Lim & Tan Accounts
pls download, print and fill in the forms below.
http://www1.lts.com.sg/Operations/NewOnlineClient.nsf/StartPage
http://www.eq.com.sg/page/site/public/pdf/AccountOpeningForm0711(Final)300614.pdf
http://www.eq.com.sg/page/site/public/pdf/T&C_Ref0714_300614.pdf
http://www.eq.com.sg/page/site/public/pdf/US Trading Account 30062014.pdf
http://www.eq.com.sg/page/site/public/pdf/w8ben_feb2014.pdf
http://www.eq.com.sg/page/site/public/pdf/USMARKET_RDS.pdf

then mail them back with the supporting documents

I'm using Poems, want to ask about the limit size. Is limit size the max amount of money you can offer to buy a stock? So if the stock price is 0.65 & i wish to buy 1000 shares, the cost should be $650?

 

[Sinkie]

I'm using Poems, want to ask about the limit size. Is limit size the max amount of money you can offer to buy a stock? So if the stock price is 0.65 & i wish to buy 1000 shares, the cost should be $650?

Yes. 1000 X $0.65 = $650

Every trading account will be allocated buy limit based on your salary and networth etc

So if say you are a student, you will be entitled $10,000 buy credit limit etc

So for each time, you are able to queue and/or buy up to $10,000 credit

Once u paid up, the used limit will be returned to u

 

[havetheveryfun]

Yes. 1000 X $0.65 = $650

Every trading account will be allocated buy limit based on your salary and networth etc

So if say you are a student, you will be entitled $10,000 buy credit limit etc

So for each time, you are able to queue and/or buy up to $10,000 credit

Once u paid up, the used limit will be returned to u

i was only given $5000 limit that time lol...

but just use cash upfront after that, no limit as long as got enough $$$ inside

 

[Mystified15236]

Which brokerage should I open my account? I need accurate real live bid ask to make my trade easily?

 

[Sinkie]

Which brokerage should I open my account? I need accurate real live bid ask to make my trade easily?

All brokerages will give live prices for sgx

 

[Mystified15236]

All brokerages will give live prices for sgx

Wat about us china market? For non professional

 

[Sinkie]

Wat about us china market? For non professional

I think us market live feed is given free for all brokerages

Not sure abt China. China feeds usually very rare

 

[lbs]

I think us market live feed is given free for all brokerages

Not sure abt China. China feeds usually very rare

I am using ketrade and I don't get live feeds from USA.

 

[Sinkie]

I am using ketrade and I don't get live feeds from USA.

Then use Cimb brokerage, live us feed forever even with no trade done before. Just need to subscribe

 

[Mystified15236]

Can I know the pros and cons of Cimb n poems
I thinking of contra...
And which brokerage allows no min maintanence or $0 saving account but just a brokerage account to trade cos I dun need saving account.
If anyone knows someone inside the bank help me can introduce me I want ask him waiver if all fails

 

[Mystified15236]

Then use Cimb brokerage, live us feed forever even with no trade done before. Just need to subscribe

How much subscription fee?

 

[Sinkie]

Can I know the pros and cons of Cimb n poems
I thinking of contra...
And which brokerage allows no min maintanence or $0 saving account but just a brokerage account to trade cos I dun need saving account.
If anyone knows someone inside the bank help me can introduce me I want ask him waiver if all fails

- Both brokerages has no difference actually
- Both brokerages are linked to cdp for shares purchases
- Both brokerages allowed your saving accounts like Dbs, UOB, Ocbc to be linked for eps payment purposes just that poems will retain your sales proceeding when u sell and u have to manual request for the money to go back to your saving account

 

[pigpigoink]

hi all, I am trying to fill up the forms for opening a dbsv trading account. There's a part in 2 of the forms to write down the "Trading Account Number".

Not sure what is it asking for, should just leave it blank as i dont have one yet?

 

[Sinkie]

hi all, I am trying to fill up the forms for opening a dbsv trading account. There's a part in 2 of the forms to write down the "Trading Account Number".

Not sure what is it asking for, should just leave it blank as i dont have one yet?

leave it blank

they will fill in for you

 

[Mystified15236]

For contra us stock which brokerage offer cheapest commission
Broker has insider information/news not released to media
And what's the requirement to contra. Officially I have no income

 

[Sinkie]

For contra us stock which brokerage offer cheapest commission
Broker has insider information/news not released to media
And what's the requirement to contra. Officially I have no income

Contra USA market all same brokerages fee
Not all Broker has insider news lah
U will be given default $10,000 contra limit usually for unemployment but still depend on your Remiser or broker

 

[pigpigoink]

leave it blank

they will fill in for you

thanks!

 

[MrSinkie95]

Sinkie if I close my cimb acc will tio any charge anot?