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

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Old 24-01-2015, 11:18 AM   #3286
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how does the new commission work for scb? since now 100 shares?
not affected.
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Old 24-01-2015, 11:19 AM   #3287
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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 is a custodian. there is no CDP linkage. you will not receive those fanciful prospectus as well. which imo, is a plus actually.
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Old 24-01-2015, 10:06 PM   #3288
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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.
Go to online trading -> under the purchase share page, on the right hand side column there is a function called "check purchasing power" or smth along that line. If you click that it shows u exactly how much cash u have left in your respective settlement accounts
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Old 24-01-2015, 10:31 PM   #3289
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Go to online trading -> under the purchase share page, on the right hand side column there is a function called "check purchasing power" or smth along that line. If you click that it shows u exactly how much cash u have left in your respective settlement accounts
Found it. Thank a lot! Took awhile.

So the more detailed instruction to find this purchase power is go to scb, log in, go to online trading, place a trade, on the right hand side you will find purchasing power, click refresh to see how much purchasing power you have left with all the different currency account in all it's glory.

I try to do a internal transfer from SGD settlement account to Esaver with whatever amount is left that is displayed, not possible. This is despite still having a purchasing power higher then displayed amount left in the sgd settlement account.

Last edited by Perisher; 24-01-2015 at 10:34 PM..
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Old 25-01-2015, 05:54 PM   #3290
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Found it. Thank a lot! Took awhile.

So the more detailed instruction to find this purchase power is go to scb, log in, go to online trading, place a trade, on the right hand side you will find purchasing power, click refresh to see how much purchasing power you have left with all the different currency account in all it's glory.

I try to do a internal transfer from SGD settlement account to Esaver with whatever amount is left that is displayed, not possible. This is despite still having a purchasing power higher then displayed amount left in the sgd settlement account.
Apologies for the vague instructions.

Hmmm that's strange. Any idea why?
I usually just use that function to check how much power i have left to purchase shares.

Is it because the purchase power increases upon selling of shares? But only can use it for purchasing shares and not for withdrawing? Just a wild guess..
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Old 25-01-2015, 06:15 PM   #3291
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Apologies for the vague instructions.

Hmmm that's strange. Any idea why?
I usually just use that function to check how much power i have left to purchase shares.

Is it because the purchase power increases upon selling of shares? But only can use it for purchasing shares and not for withdrawing? Just a wild guess..
I think so too. But testing this will have to wait till market opens and a little math to make sure its a test and not a real transaction. haha.
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Old 25-01-2015, 07:19 PM   #3292
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Go to online trading -> under the purchase share page, on the right hand side column there is a function called "check purchasing power" or smth along that line. If you click that it shows u exactly how much cash u have left in your respective settlement accounts
wow, nvr knew this, thanks for the tip!
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Old 25-01-2015, 07:34 PM   #3293
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seems like most ppl here got SCB account

I don't have

maybe I should open one too, free of charge anyway hor
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Old 25-01-2015, 09:15 PM   #3294
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seems like most ppl here got SCB account

I don't have

maybe I should open one too, free of charge anyway hor
Yah, open lor, then can join us talk cheap cheap comm liao.
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Old 25-01-2015, 09:17 PM   #3295
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Yah, open lor, then can join us talk cheap cheap comm liao.
I think Felix, is like me is everytime hoot beyond the $25 comm de lah.
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Old 25-01-2015, 09:20 PM   #3296
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then not worth it liao, coz above a certain amount it's the same as other bank's comm.
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Old 25-01-2015, 09:22 PM   #3297
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then not worth it liao, coz above a certain amount it's the same as other bank's comm.
That is not right. If above certain amount, commission is 0.2% for SCB and 0.275% for the rest. Still a big difference. 27% cheaper for SCB.
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Old 25-01-2015, 09:27 PM   #3298
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That is not right. If above certain amount, commission is 0.2% for SCB and 0.275% for the rest. Still a big difference. 27% cheaper for SCB.
I think u ignored the other brokerage's cash upfront account... above a certain amount, other brokerage with cash upfront is cheaper,

above 50k, even poems is cheaper... etc.
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Old 25-01-2015, 09:35 PM   #3299
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That is not right. If above certain amount, commission is 0.2% for SCB and 0.275% for the rest. Still a big difference. 27% cheaper for SCB.
I using ocbc, but they see contract value one

under 50k is the 0.275
50-100k is 0.22
100k is 0.18

SCB is 0.2 for any size right, so overall definitely looks much cheaper

I prefer put my shares in CDP

however I now thinking of applying new strategy, since now can buy 100 shares per lot

can machiam build my own etf inside SCB
example buy 20 different reits like $100 x 20 = 2k = 1 lot reit etf

quite interesting now that I think of it
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Old 25-01-2015, 09:40 PM   #3300
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I using ocbc, but they see contract value one

under 50k is the 0.275
50-100k is 0.22
100k is 0.18

SCB is 0.2 for any size right, so overall definitely looks much cheaper

I prefer put my shares in CDP

however I now thinking of applying new strategy, since now can buy 100 shares per lot

can machiam build my own etf inside SCB
example buy 20 different reits like $100 x 20 = 2k = 1 lot reit etf

quite interesting now that I think of it
Can buy 100 share of digiland each day also for next 1000 days
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