How to Open a Stock Trading account in Singapore-Updated 2015

Sinkie

Sinkie

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sciprof said:
I'm using Poems, want to ask about the limit size. Is limit size the max amount of money you can offer to buy a stock? So if the stock price is 0.65 & i wish to buy 1000 shares, the cost should be $650?
Click to expand...

Yes. 1000 X $0.65 = $650

Every trading account will be allocated buy limit based on your salary and networth etc

So if say you are a student, you will be entitled $10,000 buy credit limit etc

So for each time, you are able to queue and/or buy up to $10,000 credit

Once u paid up, the used limit will be returned to u
 
havetheveryfun

havetheveryfun

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Sinkie said:
Yes. 1000 X $0.65 = $650

Every trading account will be allocated buy limit based on your salary and networth etc

So if say you are a student, you will be entitled $10,000 buy credit limit etc

So for each time, you are able to queue and/or buy up to $10,000 credit

Once u paid up, the used limit will be returned to u
Click to expand...

i was only given $5000 limit that time lol...

but just use cash upfront after that, no limit as long as got enough $$$ inside
 
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Mystified15236

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Can I know the pros and cons of Cimb n poems
I thinking of contra...
And which brokerage allows no min maintanence or $0 saving account but just a brokerage account to trade cos I dun need saving account.
If anyone knows someone inside the bank help me can introduce me I want ask him waiver if all fails
 
Sinkie

Sinkie

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Mystified15236 said:
Can I know the pros and cons of Cimb n poems
I thinking of contra...
And which brokerage allows no min maintanence or $0 saving account but just a brokerage account to trade cos I dun need saving account.
If anyone knows someone inside the bank help me can introduce me I want ask him waiver if all fails
Click to expand...

- Both brokerages has no difference actually
- Both brokerages are linked to cdp for shares purchases
- Both brokerages allowed your saving accounts like Dbs, UOB, Ocbc to be linked for eps payment purposes just that poems will retain your sales proceeding when u sell and u have to manual request for the money to go back to your saving account
 
pigpigoink

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hi all, I am trying to fill up the forms for opening a dbsv trading account. There's a part in 2 of the forms to write down the "Trading Account Number".

Not sure what is it asking for, should just leave it blank as i dont have one yet?
 
Sinkie

Sinkie

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pigpigoink said:
hi all, I am trying to fill up the forms for opening a dbsv trading account. There's a part in 2 of the forms to write down the "Trading Account Number".

Not sure what is it asking for, should just leave it blank as i dont have one yet?
Click to expand...

leave it blank

they will fill in for you
 
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Mystified15236

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For contra us stock which brokerage offer cheapest commission
Broker has insider information/news not released to media
And what's the requirement to contra. Officially I have no income
 
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Sinkie

Sinkie

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Mystified15236 said:
For contra us stock which brokerage offer cheapest commission
Broker has insider information/news not released to media
And what's the requirement to contra. Officially I have no income
Click to expand...

Contra USA market all same brokerages fee
Not all Broker has insider news lah
U will be given default $10,000 contra limit usually for unemployment but still depend on your Remiser or broker
 
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