*OFFICIAL* Standard Chartered Bank Online Equities Trading

[reddevil0728]

Local stocks of course park inside DBS treasures to support Piyush. You ah…..

why need?

 

[belgarathc]

Almost time of the year where I need to maintain 200k to renew priority. Main use is the 24 priority pass at airports since I fly frequently. I am thinking of transferring IWDA from IBKR to SCB. When I did so previously, it went smoothly. But I was hoping to coincide with the SCB promo that comes occasionally to deposit 100k or something like that to get a few free hundred bucks as incentive.

 

[elvintay07]

Almost time of the year where I need to maintain 200k to renew priority. Main use is the 24 priority pass at airports since I fly frequently. I am thinking of transferring IWDA from IBKR to SCB. When I did so previously, it went smoothly. But I was hoping to coincide with the SCB promo that comes occasionally to deposit 100k or something like that to get a few free hundred bucks as incentive.

I think getting $500 for existing client is possible. I thought the priority version of the visa infinite won’t get 24 visits

 

[belgarathc]

I think getting $500 for existing client is possible. I thought the priority version of the visa infinite won’t get 24 visits

For the $500 incentive, do you know if we need to register for it? Currently, I am having the version with 24 visits.

 

[hwckhs]

I transferred a few times and always SC got issue one.

Have you successfully transferred IUHC from IBKR to SCB before?

The etf is listed in Swiss exchange and the etf is held by a Swiss custodian is totally different.

I think some ppl also have trouble transferring certain stocks/ETF to DBS/SCB, or to CDP. The transferor and transferee brokers have to agree on a common clearing method or something like that. Otherwise, they can't transfer. While it looks simple from our end, it may not be that simple behind the scene.

Maybe this experience erodes your confidence in SCB. Barring the issue with transfer, if you can transfer a stock/ETF into SCB or purchase it in SCB, I don't think any stock/ETF custodied in SCB will go missing etc. After all, SCB is regulated and has safety perimeters built-in.

 

[elvintay07]

Have you successfully transferred IUHC from IBKR to SCB before?


I think some ppl also have trouble transferring certain stocks/ETF to DBS/SCB, or to CDP. The transferor and transferee brokers have to agree on a common clearing method or something like that. Otherwise, they can't transfer. While it looks simple from our end, it may not be that simple behind the scene.

Maybe this experience erodes your confidence in SCB. Barring the issue with transfer, if you can transfer a stock/ETF into SCB or purchase it in SCB, I don't think any stock/ETF custodied in SCB will go missing etc. After all, SCB is regulated and has safety perimeters built-in.

Probably that is why Adam Khoo got a few ibkr account

 

[reddevil0728]

Probably that is why Adam Khoo got a few ibkr account

Who is Adam Khoo?

 

[elvintay07]

Who is Adam Khoo?

https://www.adam-khoo.com/

 

[BusteR]

i want buy stock in SGX e.g. StockNameABC USD
i opened a foreign currecy settlement account but when i select BUY, the drop-down does not show any settlement accounts (both SGD and foreign settlement not shown)

why huh?

 

[elvintay07]

i want buy stock in SGX e.g. StockNameABC USD
i opened a foreign currecy settlement account but when i select BUY, the drop-down does not show any settlement accounts (both SGD and foreign settlement not shown)

why huh?

Typically it is default. If you buy sgd shares in sgd, it will deduct from your sgd account. If you buy US$ shares, it will deduct US$

 

[BusteR]

recently many stocks start to pay dividends.
is it the dividends will be deposited into the settlement account?

 

[bin8lee]

recently many stocks start to pay dividends.
is it the dividends will be deposited into the settlement account?

Yes

 

[InterestingStuff]

SCB is only good for parking local stocks to maintain priority banking status to get the 24 airport lounge visits. Just don't use them for foreign stocks or those that always have corporate actions.

any reason why not good for foreign stocks?
apart from commission wise ?
am asking because family member feels safer putting a large amount in scb, but need to buy stocks in us, europe , japan and hk. all in all 30+ counters but lump sum buy, mainly long term buy and hold passive investing. will you lose out alot on fx fees and commission fees? compared to IBKR ?

also if want to buy megatech us companies like apple, that pay dividends, isit better to buy europe listed apple(uk) instead of nyse listed?

 

[crystalnox]

any reason why not good for foreign stocks?
apart from commission wise ?
am asking because family member feels safer putting a large amount in scb, but need to buy stocks in us, europe , japan and hk. all in all 30+ counters but lump sum buy, mainly long term buy and hold passive investing. will you lose out alot on fx fees and commission fees? compared to IBKR ?

also if want to buy megatech us companies like apple, that pay dividends, isit better to buy europe listed apple(uk) instead of nyse listed?

Yeah lousy fx, higher commissions and a unreliable trading/online platform for trading in general. But long term buy and hold/passive investment storage is fine.

 

[InterestingStuff]

Yeah lousy fx, higher commissions and a unreliable trading/online platform for trading in general. But long term buy and hold/passive investment storage is fine.

any local bank trading account for better fx and better commission and global trading access? i can work with lousy platform, just need to click buy/sell and amount to buy/sell

 

[crystalnox]

any local bank trading account for better fx and better commission and global trading access? i can work with lousy platform, just need to click buy/sell and amount to buy/sell

Nobody can beat IBKR for fx, not even those China platforms. If you feel safer with local banks, you can still use IBKR but periodically transfer back to SC or others. Outbound transfers with IBKR are cheap. https://www.interactivebrokers.com/en/pricing/other-fees.php

 

[InterestingStuff]

Nobody can beat IBKR for fx, not even those China platforms. If you feel safer with local banks, you can still use IBKR but periodically transfer back to SC or others. Outbound transfers with IBKR are cheap. https://www.interactivebrokers.com/en/pricing/other-fees.php

im using ibkr .
just want to know for how many % difference in fx conversion compared to ibkr if using SC priority /gold member. because not mine account

 

[reddevil0728]

any reason why not good for foreign stocks?
apart from commission wise ?
am asking because family member feels safer putting a large amount in scb, but need to buy stocks in us, europe , japan and hk. all in all 30+ counters but lump sum buy, mainly long term buy and hold passive investing. will you lose out alot on fx fees and commission fees? compared to IBKR ?

also if want to buy megatech us companies like apple, that pay dividends, isit better to buy europe listed apple(uk) instead of nyse listed?

U buy Europe listed apple (not sure if got) will not impact the dividend wht will still be full 30%. Because what matters is the domicility of the stock not where it is listed

 

[InterestingStuff]

anyone got any etf recommendation for FANG minus tesla that reinvests dividend?

 

[Newbielearning]

Anyone holding on to Tesla got the email it’s a 2:1 split instead of 3:1??