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

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Old 30-01-2015, 12:28 AM   #3346
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Cause I got my cimb account approved eventually . Main reason is the shares being in the banks holding rather than the cdp that I don't like.


Cimb has cash trading too and the shares are in cdp so I am more comfortable with that.

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Old 30-01-2015, 12:36 AM   #3347
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Do not be mistaken by the 'SECURITIES TRADING ACCOUNT', that one is just a estimate of how much you have invested, you can't touch that non-existent account.
Yup, the securities trading account is useless and only shows the rough value of your portfolio.
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Old 30-01-2015, 12:42 AM   #3348
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Cause I got my cimb account approved eventually . Main reason is the shares being in the banks holding rather than the cdp that I don't like.


Cimb has cash trading too and the shares are in cdp so I am more comfortable with that.
Well, it works out for me since I diversified a lot, so I saved a ton of fees on all those 100s of small trades. If I make big trades, will consider using my ocbc account.
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Old 30-01-2015, 01:35 AM   #3349
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Have to go to the branch I think
you have to go down to the branch
U should have open it at the branch when u apply for online trading?
Btw, one shot open every market, don't just limit to US market, in case you wanna trade other market next time. It's all free.
oh man...now regret not opening on all on the spot. anyway I applied for equities trading online since I have scb account.
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Old 30-01-2015, 02:47 AM   #3350
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anyone using this to buy US shares?

actually quite bo hua right? cos other broker like etrade, thinkOrSwim, interactive brokers. has lower cost per trade? like $8 $10 per trade.

while SCB charges by %%%. so theres no higer limit..

anything im missing?
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Old 30-01-2015, 03:02 AM   #3351
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anyone using this to buy US shares?

actually quite bo hua right? cos other broker like etrade, thinkOrSwim, interactive brokers. has lower cost per trade? like $8 $10 per trade.

while SCB charges by %%%. so theres no higer limit..

anything im missing?
I think u misunderstood, SCB is cheaper than those you mentioned precisely cause it count by %, no minimum fees.

The others will charge more per trade after the minimum fees, depending on size too and no higher limit too. Minimum fees is just that, the minimum you have to pay to trade. Once your purchase price is big enough, over their min, they will charge you by % too.
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Old 30-01-2015, 09:58 AM   #3352
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U should have open it at the branch when u apply for online trading?
Btw, one shot open every market, don't just limit to US market, in case you wanna trade other market next time. It's all free.
Question.. When u open one, u don't need to open and maintain a USD account with minimum us$2k?
Thus was what I was told. Wanna confirm if the guy was bluffing me.
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Old 30-01-2015, 10:03 AM   #3353
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Question.. When u open one, u don't need to open and maintain a USD account with minimum us$2k?
Thus was what I was told. Wanna confirm if the guy was bluffing me.
You're opening the account from where? Singapore? Don't need minimum balance if you're using e$aver.
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Old 30-01-2015, 10:12 AM   #3354
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Question.. When u open one, u don't need to open and maintain a USD account with minimum us$2k?
Thus was what I was told. Wanna confirm if the guy was bluffing me.
No minimum. The guy either too lazy to serve you or is clueless.
Maybe he think you are opening multi-currency account? Did you tell him it's for trading?

Open a esaver account is correct, but your USD settlement account for TRADING is not subject to any fall below fee or maintenance fee.

Btw, if you are opening for one might as well open all the market, every single one of the FCY securities settlement account is free.

To be damn sure he is not confused, show him this site and tell him this is what you want to trade
https://www.sc.com/sg/ways-to-bank/online-trading.html
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Last edited by Perisher; 30-01-2015 at 10:14 AM..
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Old 30-01-2015, 10:16 AM   #3355
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Unless you specifically said that you wanted a USD savings account. Then of course that will fall under another category. Which most probably will need a minimum balance in that account.

Otherwise, you shouldn't need minimum balance for e$aver in SGD
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Old 30-01-2015, 10:17 AM   #3356
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No minimum. The guy either too lazy to serve you or is clueless.
Maybe he think you are opening multi-currency account? Did you tell him it's for trading?

Open a esaver account is correct, but your USD settlement account for TRADING is not subject to any fall below fee or maintenance fee.

Btw, if you are opening for one might as well open all the market, every single one of the FCY securities settlement account is free.

To be damn sure he is not confused, show him this site and tell him this is what you want to trade
https://www.sc.com/sg/ways-to-bank/online-trading.html
Yes, these information should be accurate.
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Old 30-01-2015, 03:54 PM   #3357
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DBS
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Old 30-01-2015, 04:12 PM   #3358
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haha, ya heard the ceo is replacing, hopefully no changes, business as usual for us here.
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Old 30-01-2015, 04:52 PM   #3359
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Wah, but I thought the CEO had announced that he have plans to turnaround?
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Old 30-01-2015, 05:07 PM   #3360
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Thanks guys.
I think he was more interested to sell me Blackwater and what Eastspring unit trusts than doing what I originally asked for.

That's one of the reason I hate talking to so-called 'relationship' managers. Machiam like vultures waiting to cannibalize your accounts.
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