Standard Chartered - Only Online Trading in town with no minimum commission

[Bedokian]

The SCB RM had acknowledged that their platform is not as good as the others in monitoring current prices. Best is to use other platforms to see the price and use SCB to execute.

 

[Sinkie]

Have u guys bought shares thru SCB platform? we know that the quotes are 15 min delayed, but how does this affect you?

Let's assume i observe the real-time quote on iOCBC: at 4PM, the buy price of a stock is $1, and at 4:15PM, it is $2.

I wanna use SCB to save the brokerage fee, at 4:15PM, due to the delay, SCB still quote me $1, and I place the order, then how much do I have to pay? $1 or $2?

You pay for the price that your order is filled at and not what is quoted live or delayed when you click the submit button

 

[qweiop]

Got a question about the nikko sti etf. They charge mgmt and trustee fees. How do they deduct these fees? Also, how do i get those data for sti as a whole?

 

[Mecisteus]

Got a question about the nikko sti etf. They charge mgmt and trustee fees. How do they deduct these fees? Also, how do i get those data for sti as a whole?

the NAV of the fund already takes care of the management fees on daily basis.

 

[Nyan]

anyone know if i were to transfer stock from one account to another, will there be charges?

 

[subprimelive]

better call customer service or email them in black and white to ask the charges. some of the charges are not worth to pay

 

[osakamoonbeams]

looking through old threads on scb, i seem to get differing views. can anybody trading etfs on the lse confirm if scb is currently charging the 0.5% stamp duty? thanks

 

[w1rbelw1nd]

looking through old threads on scb, i seem to get differing views. can anybody trading etfs on the lse confirm if scb is currently charging the 0.5% stamp duty? thanks

Well, I think you will have to pay for the stamp duty. What kind of exchange allows certain investors using certain platform to siam stamp duty? :/

 

[Bedokian]

looking through old threads on scb, i seem to get differing views. can anybody trading etfs on the lse confirm if scb is currently charging the 0.5% stamp duty? thanks

The stamp duty is imposed by LSE, not SCB. But I heard they are going to do away with this one.

 

[deathman91]

One newbie question to ask...

I understand that SCB is the custodian of the shares which means I can only sell through them. What's the biggie compared to holding inside my CDP when both allows me sell the shares if I wanted to?

What is is that I am missing here?

 

[Bedokian]

One newbie question to ask...

I understand that SCB is the custodian of the shares which means I can only sell through them. What's the biggie compared to holding inside my CDP when both allows me sell the shares if I wanted to?

What is is that I am missing here?

You are not missing anything. The concept you have to grasp here is that of the role of a custodian. Both SCB and CDP, as well as POEMS and a few others, provide custodial services of shares. The very reason why CDP is always mentioned is because it is big and many Singaporeans associated them with shares trading and investment.

 

[Steyr69]

One newbie question to ask...

I understand that SCB is the custodian of the shares which means I can only sell through them. What's the biggie compared to holding inside my CDP when both allows me sell the shares if I wanted to?

What is is that I am missing here?

it is the transaction charges. 0.2%. Worth it if stock price is less than SGD9.

 

[deathman91]

You are not missing anything. The concept you have to grasp here is that of the role of a custodian. Both SCB and CDP, as well as POEMS and a few others, provide custodial services of shares. The very reason why CDP is always mentioned is because it is big and many Singaporeans associated them with shares trading and investment.

it is the transaction charges. 0.2%. Worth it if stock price is less than SGD9.

Yeah I know the pros side of SCB. Just confused to why do people see SCB worst off as the custodian when compared to CDP, unless SCB could be gone in near future which is not the case?

 

[Bedokian]

Yeah I know the pros side of SCB. Just confused to why do people see SCB worst off as the custodian when compared to CDP, unless SCB could be gone in near future which is not the case?

I would say it is more of a perception by most traders and investors here.

CDP has been around for so long, and it has been associated with SGX, therefore it is perceived to be safe. To some, the very thought of shares being held by someone else other than CDP is considered "unsafe", and furthermore global banks had taken the flak due to the Great Recession period of 2008-2009.

 

[Takeitallaway]

SCB, what is the requirements to open a trading account? Im pissed as I visited a branch with my money to open a trading account and was told I could not because:

1) I dont hold a degree
2) I dont have experience in trading
3) I dont work in related sector.

 

[planetshaker]

SCB, what is the requirements to open a trading account? Im pissed as I visited a branch with my money to open a trading account and was told I could not because:

1) I dont hold a degree
2) I dont have experience in trading
3) I dont work in related sector.

It is not SCB requirement - it is MAS mandatory requirement for all individual retail investors. You need to be tested / assessed for each individual brokerage account.

Customer Knowledge Assessment & Customer Account Review Phillip Futures Portal

What is this SGX online quiz you are advising me to do? http://sgx.com/onlineeducation/specifiedinvestmentproducts
The SGX Quiz is an online module by the SGX exchange to educate investors on listed SIPs. Completing the module and passing the SGX online quiz will qualify you for the CAR Assessment to trade Futures/Options.

 

[Sinkie]

It is not SCB requirement - it is MAS mandatory requirement for all individual retail investors. You need to be tested / assessed for each individual brokerage account.

Customer Knowledge Assessment & Customer Account Review Phillip Futures Portal

What is this SGX online quiz you are advising me to do? http://sgx.com/onlineeducation/specifiedinvestmentproducts
The SGX Quiz is an online module by the SGX exchange to educate investors on listed SIPs. Completing the module and passing the SGX online quiz will qualify you for the CAR Assessment to trade Futures/Options.

well MAS treat normal shares as non-sip

only scb treat normal shares as sip

So you need not to be tested / assessed for each individual brokerage account if you are not interested to buy SIP

 

[Takeitallaway]

well MAS treat normal shares as non-sip

only scb treat normal shares as sip

So you need not to be tested / assessed for each individual brokerage account if you are not interested to buy SIP

Im just interested to buy shares at zerp minmium comission. Headache they say have to do 6 min transaction before then can apply. I buy sell 3 times can alr but a waste of money. I asked the manager on hownthey can tell if I dont have experience. He said theres no way they can tell. T.T

 

[Mancunian2]

can I sell odd lots through SCB?
anyone knows?

 

[Sinkie]

can I sell odd lots through SCB?
anyone knows?

Not that I am aware of but heard can call rm to sell oddlot for you. Try contacting your scb rm ba..