Mancunian2
Greater Supremacy Member
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- Jan 7, 2006
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I got transactions recorded as going through call center but I did not called anyone
The prices are too good though, extreme end of yesterday's range
Yah its normal in overseas market. Sometimes got better deal so they go by phoneI got transactions recorded as going through call center but I did not called anyone
The prices are too good though, extreme end of yesterday's range
Yah its normal in overseas market. Sometimes got better deal so they go by phone
Sent from Sony D5833 using GAGT
problem is I did not make those calls or placed those orders
already calledThen you can call up SCB to ask who made those orders liao...maybe some hacker use your account?
anyone experienced SCB reflect your portfolio wrongly?
I have transactions reflected in there that I did not do
you are leaving so much cash in your settlement account that people can use to do multiple trades?
normally i leave close to zero in SSA.
if funds are transferred from esaver to SSA, I will get sms alert.
I finally have some time to start playing around with more accounts. Some questions.
1. I do not have any formal qualifications, but I have done trades before. Will I still be forced to go through some quiz to qualify?
I think it's 13 markets, open all, and b) yes, c) correct, it will ask you to confirm if you agree to the rate before you exchange so no worries, d) it's immediate, there is no delay. no 3 day or what.2. The form allows the opening of settlement accounts for 10 markets.
a) Open all? (no reason not to?!)
b) I can only transfer the money from the SC's esaver to the settlement account for payment?
c) For foreign accounts, the bank's prevailing exchange rates apply? (I assume the bank will tell me how much to pay in SGD?)
d) What is the time limit to settle the payment?
3. To apply, I walk into any branch with the filled form, IC, and $1000 (+W8 BEN form), and I can get it done?
I finally have some time to start playing around with more accounts. Some questions.
1. I do not have any formal qualifications, but I have done trades before. Will I still be forced to go through some quiz to qualify?
Yes. You can state what trades you made though.
2. The form allows the opening of settlement accounts for 10 markets.
a) Open all? (no reason not to?!)
Yup. Most importantly open the USD account also...for the markets it's up to you but other than SGX, good to open US, London and Europe markets
b) I can only transfer the money from the SC's esaver to the settlement account for payment?
Yup
c) For foreign accounts, the bank's prevailing exchange rates apply? (I assume the bank will tell me how much to pay in SGD?)
Yup, there is a confirmation screen before you do the conversion. Do note the spread is equivalent to their credit card currency conversion rate, about 1 to 1.5% depending on currency.
d) What is the time limit to settle the payment?
You must deposit cash in before you trade, so you won't be asked to settle it at all
3. To apply, I walk into any branch with the filled form, IC,
and $1000 (+W8 BEN form), and I can get it done?
Yup. Eh W8-BEN the bank might provide though.
the quiz online still need to be done no matter you hit the 3 conditions by scb or not. The quiz is by SGX or MAS requirements, not SCB.
Anyway, if you traded 6 times before, SCB part no issue liao.
I think it's 13 markets, open all, and b) yes, c) correct, it will ask you to confirm if you agree to the rate before you exchange so no worries, d) it's immediate, there is no delay. no 3 day or what.
They have the forms, but if you filled it liao then just pass them lor.
Yup. But I only did once when opening iOCBC. I guess you don't have to do liao.I have a CDP account + a trading account at UOB Kay Hian that I made in 2011(?). I don't recall any quiz requirement. So this requirement is in place even for accounts on other securities firms?
Yup, that's right.Right, so it is like those cash upfront kind of accounts? So the money should already be transferred into the securities account from the esavers.
Interesting, but where is B?
Err not to put anyone down but if you didn't confirm that your cancel order was not processed, why you continue to buy on other platform? You really want the stock that badly to buy on that day?
Sent from Sony D5833 using GAGT
Then next time dont so fierce la...pay peanut for brokerage fee, get monkey service ma...the order was still in acknowledge the whole time on the online account. i do not not know it went through
Then next time dont so fierce la...pay peanut for brokerage fee, get monkey service ma...
But still, no harm in complaining also
Sent from Sony D5833 using GAGT
Yah that's why I don't dare to use their stop loss or cancel order featurehaha i guess. less features is ok but no information given during glitches and bad aftermath support is scary