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Standard Chartered - Only Online Trading in town with no minimum commission

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Old 16-09-2013, 03:13 PM   #1666
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personally i felt this change is good



With effect from Saturday 13 October 2013 0700 hours, the Online Equities Trading platform will cease to make available the Market Order1 option when you put in a Buy Order. This helps to reduce the price risk you may be exposed to should there be an unexpected market event, as such events may lead to significant movements in the share purchase price, resulting in a purchase at a much higher price than expected. For the avoidance of doubt, the Market Order option will continue to be available for Sell Orders.
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Old 17-09-2013, 01:12 PM   #1667
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REITs dividend you tio jiak 10%


1 thing that worried me is the 10% tax on REIT dividends because they hold it as a custodian instead of central deposit
does this apply to SCB as well?
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Old 17-09-2013, 01:58 PM   #1668
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does this apply to SCB as well?
No it doesnt.

I check my SCB acc, got the dividends as shown in SGX website
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Old 17-09-2013, 02:42 PM   #1669
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No it doesnt.

I check my SCB acc, got the dividends as shown in SGX website
great thanks!
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Old 17-09-2013, 09:24 PM   #1670
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We would like to provide you with the following updates to our Online Equities Trading platform:

1. With effect from Saturday 12 October 20133 0700 hours, the Online Equities Trading platform will cease to make available the Market Order1 option when you put in a Buy Order. This helps to reduce the price risk you may be exposed to should there be an unexpected market event, as such events may lead to significant movements in the share purchase price, resulting in a purchase at a much higher price than expected. For the avoidance of doubt, the Market Order option will continue to be available for Sell Orders.

2. Certain types of Corporate Actions2 require adjustments to be made to your existing investment holdings. Where the quantities of your holdings have to be adjusted, the shares may be temporarily unavailable for trading on our Online Equities Trading platform during the period of adjustment. During this period, you can still place trade instructions with our dealers by contacting our Online Trading Hotline at 1800 242 5333. The brokerage charges for trades placed with our dealers during the period of adjustment will be the same as trading on the Online Equities Trading platform.

Our Online Equities Trading platform offers our customers access to more than 10,000 shares listed on 13 stock exchanges across 10 global markets. Our Online Equities Trading customers will also enjoy the following:

No minimum commission on share transactions
Zero custody fees when you transfer your shares to us
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Old 18-09-2013, 09:03 AM   #1671
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made my 1st trade successfully with SCB yday.

do i need to make any payment thereafter?
i do see the purchased stock in my portfolio.

i asked because for UOBKH, after a trade, i still have to go ibanking and pay the following day.
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Old 18-09-2013, 09:22 AM   #1672
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if my trade is anything lower then $50k --> $0 comission?
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Old 18-09-2013, 09:24 AM   #1673
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made my 1st trade successfully with SCB yday.

do i need to make any payment thereafter?
i do see the purchased stock in my portfolio.

i asked because for UOBKH, after a trade, i still have to go ibanking and pay the following day.
you need to have cash upfront before you can place a trade successfully. so if your trade is successful, cash is deducted alr.
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Old 18-09-2013, 09:25 AM   #1674
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if my trade is anything lower then $50k --> $0 comission?
there is still commission but no minimum commission of $25 like many other brokers out there..
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Old 19-09-2013, 05:33 PM   #1675
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use SCB buy odd lot like 5, 7, 9 ok or not?
does it have any disadvantages vs round up to 6, 8, 10 lots instead?
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Old 19-09-2013, 09:18 PM   #1676
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use SCB buy odd lot like 5, 7, 9 ok or not?
does it have any disadvantages vs round up to 6, 8, 10 lots instead?
you are really a ... looking at your 2 posts above. you need to brush up your knowledge in order to make money in stocks. if you not, you will tend to subsidise the profits of others.

when everyone says buying odd lots, it does not literally mean odd numbered lots. it means buying shares less than the board lot. for example, board lot of capitaland is 1,000 shares. you normally buy in multiple of 1,000 capitaland shares. odd lots mean you buy <1,000 shares of capitaland. and this is not allowed in SCB online unless you call their brokers.
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Old 19-09-2013, 10:27 PM   #1677
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Question

you are really a ... looking at your 2 posts above. you need to brush up your knowledge in order to make money in stocks. if you not, you will tend to subsidise the profits of others.

when everyone says buying odd lots, it does not literally mean odd numbered lots. it means buying shares less than the board lot. for example, board lot of capitaland is 1,000 shares. you normally buy in multiple of 1,000 capitaland shares. odd lots mean you buy <1,000 shares of capitaland. and this is not allowed in SCB online unless you call their brokers.
Hi newbie in this thread. For these odd lots, is the commission the same??
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Old 19-09-2013, 10:53 PM   #1678
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Hi newbie in this thread. For these odd lots, is the commission the same??
as long you call their brokers, charges will not be the same. im not sure how much. but last i asked, the charge is ridiculous. so you can forget about calling.

but online charges apply for calls under special circumstances like system down or whatsover.
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Old 20-09-2013, 05:52 PM   #1679
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Juz left vivo scb. Ask to transfer cdp stock to scb account. cso say charge $10 per lot. Is it huh?
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Old 20-09-2013, 05:58 PM   #1680
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you are really a ... looking at your 2 posts above. you need to brush up your knowledge in order to make money in stocks. if you not, you will tend to subsidise the profits of others.

when everyone says buying odd lots, it does not literally mean odd numbered lots. it means buying shares less than the board lot. for example, board lot of capitaland is 1,000 shares. you normally buy in multiple of 1,000 capitaland shares. odd lots mean you buy <1,000 shares of capitaland. and this is not allowed in SCB online unless you call their brokers.
Understood n thanks =)
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