hi people, i am completely new to this trading, and i want to start off with the scb online equity trading account, and i have a few questions, so thought of asking here:
1. i am opening a e-saver account first with scb, then will apply for the trading account..i guess this is ok. other accounts have very high min. deposit balance.
2. i think i dont fulfill the CAR requiremnts mentioned in the application form. what to do? i am right now preparing for the sgx online quiz..looks a bit tough..will this be enough to open the account.
3. i want to invest small amounts only per month like DCA...100 - 200 SGD. so is it ok that i wont have the stocks in my name?
4. i dont have a CDP or settlement account or anything like that. do i need to open any more account for scb equity trading?
thanks a lot..i am a bit new hence this questions, thanks...
1. You can open a dash account, don't need esaver.
2. They won't accept the sgx quiz results. Either you lie (they won't check) or you sign up with maybank ke or POSB invest saver and do 6 trades, then sign up for SCB.
3. The stocks will be under your name.
4. You don't need a cdp account if you trade through SCB