HWZ Forums

Login Register FAQ Mark Forums Read

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

Like Tree964Likes
Closed Thread
 
LinkBack Thread Tools
Old 08-01-2015, 01:28 PM   #2896
Supremacy Member
 
Carnesir's Avatar
 
Join Date: Aug 2005
Posts: 5,762
well, just wait for official announcement

later sell le, then ended up this no minimun commission scheme will still be around, or maybe they will give free transfer?
Not much anyway haha I'm a small time player
Carnesir is offline  
Old 08-01-2015, 01:30 PM   #2897
Arch-Supremacy Member
 
SpinFire's Avatar
 
Join Date: Apr 2001
Posts: 23,997
CSO tell me news is released by third party, max transfer fee is 100.7 or 107sgd per counter (couldn't hear, he speak quite fast). But higher management say SG side will continue to operate.

In a situation where they really liquidate then they might waiver transfers or negotiate the custodian costs
I actually considered moving away from SCB in the past because of its unstable platform, but was put off by their transfer fee ($10.7 per lot, max $107). If got 10 counters of >10 lots each, transfer fee will be $1007 liao. The SCB CSO actually advised me to sell and buy back in open market as it'll be cheaper, lol.

I believe they'll shut the brokering biz in Singapore too, since it's a worldwide thing. Hope they'll waive the transfer fee then.
Perisher likes this.
SpinFire is offline  
Old 08-01-2015, 01:31 PM   #2898
Member
 
Join Date: Jun 2007
Posts: 390
this is si bei sian, anyone can recommend a good broker ?
dont like all the minimum 25$ fees thats why i picked scb despite the lousy platform
boopit is offline  
Old 08-01-2015, 01:33 PM   #2899
High Supremacy Member
 
lalalalalala's Avatar
 
Join Date: Dec 2005
Posts: 28,878
this is si bei sian, anyone can recommend a good broker ?
dont like all the minimum 25$ fees thats why i picked scb despite the lousy platform
Cimb or ocbc, for cimb sinkie here can help
lalalalalala is offline  
Old 08-01-2015, 01:34 PM   #2900
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 78,785
this is si bei sian, anyone can recommend a good broker ?
dont like all the minimum 25$ fees thats why i picked scb despite the lousy platform
http://deluxeforums.hardwarezone.com...a-3628498.html

just go to my sticky thread to read about them and choose one that is at your preference ba..

Now beside Scb, the cheapest cash upfront payment that delivers shares into Cdp (not their custodian) is at 0.18% and $18 and is only offered by cimb and Dbsv le..

The rest of the brokerages cash upfront the shares buy le go into the brioker
__________________

Last edited by Sinkie; 09-01-2015 at 12:25 AM..
Sinkie is offline  
Old 08-01-2015, 01:35 PM   #2901
Member
 
Join Date: Jun 2007
Posts: 390
wah sinkie u damn best!
daylight and Perisher like this.
boopit is offline  
Old 08-01-2015, 01:35 PM   #2902
High Supremacy Member
 
Perisher's Avatar
 
Join Date: Jan 2015
Posts: 49,650
Haha, U guys have how many counter?

I have at least 50+, including US counters. If I sell, I think my hand cannot do work liao.
And Yes, I think I over diversified but so many counters I bought at a sale every now and then. Most of it is green and has a margin of safety that supports the next purchase...

Not too worry about US counters, but SG ones, really don't have any cheap brokerage, sian.
Perisher is online now  
Old 08-01-2015, 01:36 PM   #2903
Member
 
Join Date: Jun 2007
Posts: 390
my friend was recommending https://www.interactivebrokers.com/
Perisher likes this.
boopit is offline  
Old 08-01-2015, 01:36 PM   #2904
Master Member
 
Join Date: Feb 2007
Posts: 2,800
I actually considered moving away from SCB in the past because of its unstable platform, but was put off by their transfer fee ($10.7 per lot, max $107). If got 10 counters of >10 lots each, transfer fee will be $1007 liao. The SCB CSO actually advised me to sell and buy back in open market as it'll be cheaper, lol.

I believe they'll shut the brokering biz in Singapore too, since it's a worldwide thing. Hope they'll waive the transfer fee then.
They should waive as the transfer is not our choice/decision....
I do not anticipate that they will charge this transfer fee anyway.
HWZ1973 is offline  
Old 08-01-2015, 01:38 PM   #2905
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 78,785
my friend was recommending https://www.interactivebrokers.com/
www.interactivebrokers.com cannot do sgx shares hor

unless u denounce ur sg citizneship
Sinkie is offline  
Old 08-01-2015, 01:38 PM   #2906
Senior Member
 
eveee99's Avatar
 
Join Date: May 2013
Posts: 1,315
my friend was recommending https://www.interactivebrokers.com/
Is this cost effective to dca 100 shares of sti etf every mth?
eveee99 is offline  
Old 08-01-2015, 01:39 PM   #2907
Member
 
Join Date: Jun 2007
Posts: 390
www.interactivebrokers.com cannot do sgx shares hor

unless u denounce ur sg citizneship
wah i also wish i can denounce, but i dont play sg shares.
boopit is offline  
Old 08-01-2015, 01:39 PM   #2908
Banned
 
Join Date: Aug 2008
Posts: 5,052
wow up 2%+ , power la
maybe investors like the restructuring to bring back profitability?
felixleong is offline  
Old 08-01-2015, 01:41 PM   #2909
Banned
 
Join Date: Aug 2008
Posts: 5,052
I actually considered moving away from SCB in the past because of its unstable platform, but was put off by their transfer fee ($10.7 per lot, max $107). If got 10 counters of >10 lots each, transfer fee will be $1007 liao. The SCB CSO actually advised me to sell and buy back in open market as it'll be cheaper, lol.

I believe they'll shut the brokering biz in Singapore too, since it's a worldwide thing. Hope they'll waive the transfer fee then.
ya I think what the CSO said makes a lot of sense
felixleong is offline  
Old 08-01-2015, 01:49 PM   #2910
Supremacy Member
 
Carnesir's Avatar
 
Join Date: Aug 2005
Posts: 5,762
ya I think what the CSO said makes a lot of sense
That's why I'm selling all today mah. Buy back next time
Carnesir is offline  
Closed Thread
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On