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

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Old 22-01-2015, 07:52 PM   #3271
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Wah CAR letter lai liao Dated 19 Jan 2014

Well, can't complain, they are the cheapest broker in town, and I'm a sucker for such things
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Old 23-01-2015, 11:27 AM   #3272
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hi all, i just went to open a scb online trading account, but i realized the relationship manager didnt help me open a cdp account. Is it an automatic opening or is it cos scb is using nominal account so cdp is not required?

thanks and sorry if this has been asked and answered..
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Old 23-01-2015, 12:30 PM   #3273
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hi all, i just went to open a scb online trading account, but i realized the relationship manager didnt help me open a cdp account. Is it an automatic opening or is it cos scb is using nominal account so cdp is not required?

thanks and sorry if this has been asked and answered..
I think you still need a cdp account. Call scb to enquire.

Otherwise, just go to any other broker and open a trading account lor, it's free, they will open it for you. It's a matter of time before you need the cdp, Best to get it over and done with.
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Old 23-01-2015, 01:33 PM   #3274
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hi all, i just went to open a scb online trading account, but i realized the relationship manager didnt help me open a cdp account. Is it an automatic opening or is it cos scb is using nominal account so cdp is not required?

thanks and sorry if this has been asked and answered..
SCB does not require CDP account because your shares are held by SCB. If you want a CDP account created, either to down to CDP directly or go to other brokers who will help you create a brokerage account with them as well as a CDP account.
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Old 23-01-2015, 04:41 PM   #3275
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how does the new commission work for scb? since now 100 shares?
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Old 23-01-2015, 04:42 PM   #3276
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how does the new commission work for scb? since now 100 shares?
U sir, obviously has no idea how it works before. Nothing has changed. it still goes by percentage... =)
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Old 23-01-2015, 04:44 PM   #3277
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U sir, obviously has no idea how it works before. Nothing has changed. it still goes by percentage... =)
Maybe he's hoping for 0.022% comm now?
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Old 23-01-2015, 04:49 PM   #3278
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Maybe he's hoping for 0.022% comm now?
If asking about 100 shares, that % difference almost negligible already.
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Old 23-01-2015, 05:48 PM   #3279
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Haha, i think u guys will confuse him. It's 0 change whether it's 10,000 share or 1 share. The charge goes by percentage, and it still goes by the same percentage.

If 1000 shares of Singtel at $3.5, it charge about $7.00
100 shares of Singtel at $3.5, it charge about $0.70
0 changes. =)
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Old 23-01-2015, 06:41 PM   #3280
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orders filled alr, but when will they take the money out from the security settlement acc ? to pay for the stock i purchased?

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Old 24-01-2015, 08:48 AM   #3281
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is it possible to sell the share bought on the same day? cause from what I heard u need to have a minimum of $25k to day trade on other platform.
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Old 24-01-2015, 08:52 AM   #3282
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is it possible to sell the share bought on the same day? cause from what I heard u need to have a minimum of $25k to day trade on other platform.
No need, buy 2 shares of digiland can sell 2 shares of digiland on same day
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Old 24-01-2015, 10:45 AM   #3283
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hi all, i just went to open a scb online trading account, but i realized the relationship manager didnt help me open a cdp account. Is it an automatic opening or is it cos scb is using nominal account so cdp is not required?

thanks and sorry if this has been asked and answered..

How did you pass CAR if you have no CDP account which means you have never traded before? Care to share the secret?
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Old 24-01-2015, 11:00 AM   #3284
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orders filled alr, but when will they take the money out from the security settlement acc ? to pay for the stock i purchased?
2-3 days. It is actually taken out already, if you try to transfer your $$ in your settlement account out right now, you can't. The updated sum is always delayed a few days so sometimes you dunno how much you have in your settlement account. If you really wanna know, you need to keep track yourself.
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Old 24-01-2015, 11:17 AM   #3285
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2-3 days. It is actually taken out already, if you try to transfer your $$ in your settlement account out right now, you can't. The updated sum is always delayed a few days so sometimes you dunno how much you have in your settlement account. If you really wanna know, you need to keep track yourself.
correct. and if u transfer in 10k to ur securities account, buy a stock using 7k, try to buy another that cost 4k, you will tio rejected even though the balance still shows 10k.

really have to track urself, this part i find quite annoying.
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