www.hardwarezone.com.sg - View Single Post - Standard Chartered - Only Online Trading in town with no minimum commission

chopra · 23-08-2011, 01:22 PM

MikeDirnt78 wrote:

can ignore the transfer fees. i have done a few transfers

Ya, I'm just sharing the theoretical approach that it's worth transferring if the selling contract is not within $9000 to $13333.

That said, even if i were to sell a contract worth between $9000-$13333 at SCB, the difference compared to selling it at say, Phillip Securities, would be very small. Example:

Selling a contract worth $10000 at SCB = $20 + $10 (transfer)
Selling a contract worth $10000 at Phillip @ 0.275% = $27.5

So bottomline is like what you said, just transfer everything over to SCB. Let SCB earn more also good...it will make this system sustainable.

23-08-2011, 01:22 PM	#220
chopra High Supremacy Member Join Date: Apr 2003 Posts: 46,624	MikeDirnt78 wrote: can ignore the transfer fees. i have done a few transfers Ya, I'm just sharing the theoretical approach that it's worth transferring if the selling contract is not within $9000 to $13333. That said, even if i were to sell a contract worth between $9000-$13333 at SCB, the difference compared to selling it at say, Phillip Securities, would be very small. Example: Selling a contract worth $10000 at SCB = $20 + $10 (transfer) Selling a contract worth $10000 at Phillip @ 0.275% = $27.5 So bottomline is like what you said, just transfer everything over to SCB. Let SCB earn more also good...it will make this system sustainable.