You cannot buy ETF unless you pass certain relevant tests.
Does SCB have their CKA declaration somewhere online? else i need to go down to their branch again...
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You cannot buy ETF unless you pass certain relevant tests.
It's $10.70 per counter per transfer iirc when I called Cdp to ask.. Still cheaper with like around $15 saving per counter per sales..
Fees @ CDP
For off market transfer S$10.70 (inclusive of GST) per 1,000 share per counter transferred, up to a maximum of S$107 (inclusive of GST) per counter
--> but not sure why Cdp website say per 1000 shares per counter now.. Do let us know how much u were charged
The $10.70 is if there is a change in beneficiary (i.e. off-market sale or gift). I remember reading somewhere that if you are just transferring CDP-Custodian or Custodian-Custodian with no change in beneficiary, it is waived (but i can't find the black-and-white now).
Anyway for small shareholdings, the $10.70 + SCB's commission charge of 0.2%, will still be cheaper than the $25 minimum charge by others.
Will update how long it takes, and much they charge once my transfer succeed.
Hi guys, a short question. Do i need to have a CDP account setup to begin trading through SCB esaver account?
Intending to buy nikkoam STI ETF.
i hope other banks and secureties firms start waking their f@cking idea up! Stop charging minimum commissions and stop being such a greedy fag.
All shall use SCB eventually and its them who lose out, haha, not us consumer!
Want to monopoly? hahah. lucky SCB came and pawn them all!
Is there any catch with the no minmium commission thing?
Must i have a savings account with them?
Else where will the dividends go and how to make the payment for filled orders?
i hope other banks and secureties firms start waking their f@cking idea up! Stop charging minimum commissions and stop being such a greedy fag.
All shall use SCB eventually and its them who lose out, haha, not us consumer!
Want to monopoly? hahah. lucky SCB came and pawn them all!
Hi all,
Any one know what the minimum Qty ( Share ) purchase for HK stock.
Exp. SG Stock to be purchase minimum 1 lot ( 1000 share )
Thank
I still can't find a way to trade using the iphone browser. Always takes me to the mobile version of scb
Safari iphone not possible. I would buy a iPad if the Scb trading can be done on it.can only be accessed from web browsers.
you can try using Safari on your iphone, however, it may not reliable.
Mai lah, no minimum commission for them means no more contra which also means a significant drop in volume and liquidity since more than 70% of our daily volume are contra.. U wouldn't want sti to drop till 1800 because theres no buyer except scb user and market remaining in that level in an extended period
Safari iphone not possible. I would buy a iPad if the Scb trading can be done on it.
I dunno, I think contra's a terrible idea, and the sooner it dies the better. It's pretty much an abuse of the T+3 settlement system.
It's bad for the brokers, because they're handing out interest-free loans instead of being able to charge interest on margin loans. It's bad for the exchange, because it cripples the development of derivatives markets and stock lending (because you don't need to borrow stock to be able to short it via contra). And it's bad for investors, because it gives them infinite leverage and thus infinite capacity to blow themselves up.
In fact, I'm having trouble thinking of anyone it's good for.
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I guess the brokers and the SGX are terrified of the collapse in volume that'll happen if they ban contra trading. (Is it really 70%, though? Contra's a retail thing, and there's no way the SGX's volume is >70% retail muppets.)
(And I doubt the STI would drop that far - or at all. Contra trading's a short-term thing, so it's not like people are holding huge long-term buy positions that they'd have to close out; and I'd imagine contra volumes are pretty much equally balanced between buyers and sellers... so if you ban contra, the net result would be pretty much a wash.)
Mai lah, no minimum commission for them means no more contra which also means a significant drop in volume and liquidity since more than 70% of our daily volume are contra.. U wouldn't want sti to drop till 1800 because theres no buyer except scb user and market remaining in that level in an extended period
where u get the logic no minimum commission = no contra?
what has it got to do with each other?