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Old 06-03-2015, 07:42 PM   #3593
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Join Date: Jan 2009
Posts: 79,053
can someone please enlighten me what is the advantage and disadvantage of standard chartered's trading account? i know there's no commission is one advantage, but if that's the case, why do some people still want to trade using other brokers?
No minimun commission of $25 is apparently the only advantage of using Scb trading and no custodian fee.

Disadvantage is can't contra and must cash upfront, shares cannot go Cdp, can't sell when system down, one day later for dividend, very simple platform, no dedicated broker, can't do oddlot, no mobile app (unless desktop mode), must use Standchart bank account, no research report, weak financial and fundamental of Standchart bank, uncertainty of when no min comm promotion will end, no good till month order type, no stop loss order type, cannot short, free to transfer in shares but expensive to transfer out, no sophisticated tools provided, cannot go egm/agm, need to pass client profiling test every 3 years etc, huge usd Fx spread, cannot use credit card to make payment for shares, cannot apply for ipo, cannot sell early for right issues etc
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