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Old 29-05-2012, 12:27 PM   #16
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I have U-trade, POEMS and iOCBC. If I buy a certain stock using POEMS, will my brokers in U-trade and iOCBC know and vice versa?

I would not want my broker from any of the accounts feel bad because I "didn't give them the commission". Sometimes it's because I want to be able to buy more given that I am given different buy-sell limits by the 3 brokers.

Any comments?

Last edited by wengweng; 29-05-2012 at 12:34 PM.. Reason: typo
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Old 29-05-2012, 02:43 PM   #17
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Of cos not. None of your brokers will know of your transactions you carried out with another brokers. Would you want them to know??

Nothing to feel bad about. You dun owe them a living or an explanation why you choose not to trade through them. In fact the onus is on them to provide you with a user-friendly interface, fast access, good and free features and a reasonable trade limits that will make you want to trade through them.

Why feel bad about a broker who only gives you a 5K buy limit and expect you to put a deposit for it to be raised? Like I say nothing to feel bad about, there's enough brokers in Spore to go shop around. As it is, the brokerage you pay for your trades are not exactly cheap.
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Old 29-05-2012, 04:15 PM   #18
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Thanks Paul, for your reply. I feel much better.

I thought I read somewhere not too long ago that now brokers can have access to our CDP accounts. That means they would be able to see what stocks and how many shares I have bought. That's why I raised the concern.
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Old 29-05-2012, 05:27 PM   #19
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I have U-trade, POEMS and iOCBC. If I buy a certain stock using POEMS, will my brokers in U-trade and iOCBC know and vice versa?

I would not want my broker from any of the accounts feel bad because I "didn't give them the commission". Sometimes it's because I want to be able to buy more given that I am given different buy-sell limits by the 3 brokers.

Any comments?
That's crazy. Why would you feel bad? In fact, I even told my broker that I have other broker account. You pay for the broker service and they are responsible to giVe you the best experience. Do you feel bad about buying Apple product instead of Creative? If not, it is the same for broker.
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Old 29-05-2012, 07:58 PM   #20
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Thanks Paul, for your reply. I feel much better.

I thought I read somewhere not too long ago that now brokers can have access to our CDP accounts. That means they would be able to see what stocks and how many shares I have bought. That's why I raised the concern.
That's just a proposal by SGX and has not been implemented. I believe you will also need to give permission to your broker for them to access your CDP account. And of cos that's something I will never do if I can help it.
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Old 29-05-2012, 08:54 PM   #21
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That's just a proposal by SGX and has not been implemented. I believe you will also need to give permission to your broker for them to access your CDP account. And of cos that's something I will never do if I can help it.
Sorry, could I ask what is the worry? Are the brokers going to sell your shares without permission when they have access? I don't think our brokers are so irresponsible, isn't it?
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Old 29-05-2012, 08:55 PM   #22
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Need to call broker one meh?

Only call them when cannot login. Unless chiu elite to use phone order.
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Old 29-05-2012, 08:56 PM   #23
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That's just a proposal by SGX and has not been implemented. I believe you will also need to give permission to your broker for them to access your CDP account. And of cos that's something I will never do if I can help it.
Ok, that's good. I didn't know it is just a proposal and has not been implemented. Thanks.

It's true about the 5K buy limit. I was given $200K limit by one broker (new account opened half a year ago) with whom I have bought some $400k+ worth of shares for long term investment. Another broker (many years but only recently applied for online trading) gaves me only $10k limit. What can one buy with $10K? Ultra-penny stocks? I actually felt a bit slighted. I was told to put in collateral if I wanted it increased.

Last edited by wengweng; 29-05-2012 at 08:58 PM..
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Old 29-05-2012, 09:56 PM   #24
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Sorry, could I ask what is the worry? Are the brokers going to sell your shares without permission when they have access? I don't think our brokers are so irresponsible, isn't it?
Of cos not worried that they will sell shares without your permission. I dun think they can do that unless they hack into your account. Personally I see no value in giving my broker access to my cdp holdings.
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Old 22-06-2012, 12:52 AM   #25
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i have heard of friends using iocbc and face problems such as:
- system breaking down evey few months esp after some 'upgrade'
- very slow posting of trades esp when market is active
- even worse for fictitious trades or trades of others being entered into their accounts! This is dangerous!

generally among iocbc, uobkayhian and cimb platforms - the consensus among most is that uobkayhian is most stable and friendly even on desktop and mobile platforms - at least no errors in fictitious trades.
well...suspect u're from uobkayhian since u like disappear after a post.

would like to hear from the rest which trading platform r u most satisfied with?
cimb's chart does load on the web, and it doesn't have chart feature on their ipad apps.

would prefer one with charts and with some technical indicators so i can do some browsing and research while outside.

iocbc has chart, but from the comments above its buggy and hangs. do they have RSI and Moving Average indicators (on app)?

edit: the chart loads now...its quite comprehensive..but lacking on mobile support though.

Last edited by thisisnotme1212; 22-06-2012 at 12:57 AM..
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Old 22-06-2012, 10:50 AM   #26
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I have trading accounts with most of the brokerages and here are my observations.

L&T, UOB-KH and DMG are using basically the same trading platform abeit with a few visual customisation. The UI is basically the same. With a doubt, the UI is definitely the most friendly and very easy to use. The charts are based on Chartnexus so its rock solid. It also has more data than the free Chartnexus. The live streaming is stable.

I haven't use iOCBC much since its revamp but its definitely better than the previous one. Not sure how stable it is.

DBSV live streaming is iffy at time. The charts are not the best but I really like that you can customise the watchlist in any order, instead of alphabetically order.

POEMS has the worst and most unfriendly UI of all the brokerages and they dun seem particularly keen to improve after all these years.

I mainly use DBSV for my buy order cos the $18 commission for cash upfront is cheaper than most (except SCB which I refuse to use). For sell orders, it either UOB-KH or L&T depending on my mood. I only use POEMS for the Unit Share market.

I dun use mobile apps so the above comments is restricted to the desktop experience.
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Old 22-06-2012, 12:33 PM   #27
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I have trading accounts with most of the brokerages and here are my observations.

L&T, UOB-KH and DMG are using basically the same trading platform abeit with a few visual customisation. The UI is basically the same. With a doubt, the UI is definitely the most friendly and very easy to use. The charts are based on Chartnexus so its rock solid. It also has more data than the free Chartnexus. The live streaming is stable.

I haven't use iOCBC much since its revamp but its definitely better than the previous one. Not sure how stable it is.

DBSV live streaming is iffy at time. The charts are not the best but I really like that you can customise the watchlist in any order, instead of alphabetically order.

POEMS has the worst and most unfriendly UI of all the brokerages and they dun seem particularly keen to improve after all these years.

I mainly use DBSV for my buy order cos the $18 commission for cash upfront is cheaper than most (except SCB which I refuse to use). For sell orders, it either UOB-KH or L&T depending on my mood. I only use POEMS for the Unit Share market.

I dun use mobile apps so the above comments is restricted to the desktop experience.
Actually the iOCBC platform is still the same as before, the revamp is just a cosmetic makeover of the home page.
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Old 22-06-2012, 02:34 PM   #28
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I have trading accounts with most of the brokerages and here are my observations.

L&T, UOB-KH and DMG are using basically the same trading platform abeit with a few visual customisation. The UI is basically the same. With a doubt, the UI is definitely the most friendly and very easy to use. The charts are based on Chartnexus so its rock solid. It also has more data than the free Chartnexus. The live streaming is stable.

I haven't use iOCBC much since its revamp but its definitely better than the previous one. Not sure how stable it is.

DBSV live streaming is iffy at time. The charts are not the best but I really like that you can customise the watchlist in any order, instead of alphabetically order.

POEMS has the worst and most unfriendly UI of all the brokerages and they dun seem particularly keen to improve after all these years.

I mainly use DBSV for my buy order cos the $18 commission for cash upfront is cheaper than most (except SCB which I refuse to use). For sell orders, it either UOB-KH or L&T depending on my mood. I only use POEMS for the Unit Share market.

I dun use mobile apps so the above comments is restricted to the desktop experience.
hi paul. why did u use other brokers for sell orders and not stick to dbsvickers???
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Old 22-06-2012, 04:23 PM   #29
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I like Vickers. I have iOCBC but the interface is very ugly and now I cannot seem to input the commission fees for any stocks that I bought using the new iOCBC interface. It seems like they auto calculate the commission fees for you but when there are rights issue or bonus issues or IPO, I would not be able to input the cheaper commission fees.

I also like Vickers for its 10 year data in Invest with Clarity as well as their screening tool. It used to be they do not have custodian fee for overseas stock and that is another plus point. Now, not so. Overall, as a fundamental investor, I still prefer Vickers.
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Old 22-06-2012, 05:56 PM   #30
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hi paul. why did u use other brokers for sell orders and not stick to dbsvickers???
The simple answer is that the other brokers has better UI that DBSV. And since the commission for my sell trades is more or less the same across brokers, I just use the one that is easiest to use.
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