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

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Old 06-09-2011, 12:44 AM   #271
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Anyone who signed up for SCB trading account recently? I was signing up at the branch when another relationship manager intro me a fixed-deposit plan, saying it's an on-going promotion tie-up with opening of SCB trading account.

It sounds pretty tempting and interests starts from 0.75% right up to 28++%... The fixed deposit duration can choose between 15, 20 or 25 yrs. First 2 years, can't take out money. After 2 years, can take out 50%. Thereafter, can take out a portion if in need of cash.

Anyone heard of it?

doesn't sound like fixed deposit to me. Is more like a saving insurance plan.
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Old 06-09-2011, 03:37 AM   #272
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doesn't sound like fixed deposit to me. Is more like a saving insurance plan.
No mentioned of insurance to me. I was told it's a fixed deposit scheme.
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Old 06-09-2011, 11:05 AM   #273
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When trading US mkt, the min comm charge is not wavied right?
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Old 06-09-2011, 01:14 PM   #274
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One noob qn.

Since StanChart is the custodian, will we have problems applying when got rights issue?
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Old 06-09-2011, 01:51 PM   #275
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One noob qn.

Since StanChart is the custodian, will we have problems applying when got rights issue?
you must go through SCB to subscribe. or call your RM.

When trading US mkt, the min comm charge is not wavied right?
there is no minimum comm for ALL markets.
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Old 06-09-2011, 09:46 PM   #276
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any custody fee for US shares ?

you must go through SCB to subscribe. or call your RM.



there is no minimum comm for ALL markets.
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Old 06-09-2011, 09:56 PM   #277
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anyone could provide feedback on the SCB trading platform?
If i understand correctly, shares bought with SCB doesnt go to CDP, so its like having a bet with the bank..

Its abit similar to Saxo account.. but the bid-ask price sometimes like different from SGX bid-ask.. will SCB price be the same?
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Old 06-09-2011, 11:35 PM   #278
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any idea how we get dividends for stocks we bought thru standard chartered trading platform??
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Old 07-09-2011, 12:01 AM   #279
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Actually i tried emailing on questions which I cant find in their FAQ to their customer service..
very interestingly the person replied that the answers can be found in their FAQ..

In my experience, I was really disappointed with their customer service.. and my rulebook is never choose a brokerage with poor support.. but hopefully I can understand them further if I make a call sooner or later..

Last edited by metallickgoz; 07-09-2011 at 12:05 AM.. Reason: wrong quote
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Old 07-09-2011, 12:35 AM   #280
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Anyone who signed up for SCB trading account recently? I was signing up at the branch when another relationship manager intro me a fixed-deposit plan, saying it's an on-going promotion tie-up with opening of SCB trading account.

It sounds pretty tempting and interests starts from 0.75% right up to 28++%... The fixed deposit duration can choose between 15, 20 or 25 yrs. First 2 years, can't take out money. After 2 years, can take out 50%. Thereafter, can take out a portion if in need of cash.

Anyone heard of it?
u just ask if the fixed deposit plan is by Prudential. . if yes. then its an endownment plan. if u like the concept, its not too bad a plan to start off...

smlj, --- fixed deposit plan instead.....obviously its not the plain vanilla time deposit u and i know.
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Old 07-09-2011, 12:41 AM   #281
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anyone could provide feedback on the SCB trading platform?
If i understand correctly, shares bought with SCB doesnt go to CDP, so its like having a bet with the bank..

Its abit similar to Saxo account.. but the bid-ask price sometimes like different from SGX bid-ask.. will SCB price be the same?
shares bought through scb are kept in the bank's custody under your account. it is unlike stock brokage houses where shares all are stored in cdp.
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Old 07-09-2011, 08:35 AM   #282
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any idea how we get dividends for stocks we bought thru standard chartered trading platform??
It will be credited to your scb account automatically.
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Old 07-09-2011, 12:37 PM   #283
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In my experience, I was really disappointed with their customer service.. and my rulebook is never choose a brokerage with poor support.. but hopefully I can understand them further if I make a call sooner or later..
If you put on your ego, you lose on the no frills platform. Personally i have saved a few hundred bucks with them as i dont buy in big amount.
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Old 07-09-2011, 09:15 PM   #284
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If you put on your ego, you lose on the no frills platform. Personally i have saved a few hundred bucks with them as i dont buy in big amount.
not really ego ba.. if u are parting your money to a brokerage that doesn't give answers or support, i think i will give it a miss
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Old 07-09-2011, 09:31 PM   #285
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not really ego ba.. if u are parting your money to a brokerage that doesn't give answers or support, i think i will give it a miss
That will depend on what you are looking for: good service but pay standard comm, or so call no min comm with less than expected service. Every investor got his own preference...

But I still think ultimately, the most important is still you able to make from the market. If not, even they refund the comm to investors also no use...
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