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

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Old 07-03-2015, 08:10 PM   #3616
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how do you keep track of your winnings and losing on an excel sheet for 2 currencies? rather complicated sia....

i been fumbling with that

and to add to the complication, if you exchange SGD=> USD you have different exchange rates.
Keep FX transaction as PDF, and then track the security as per their traded currency.

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Old 07-03-2015, 09:05 PM   #3617
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how do you keep track of your winnings and losing on an excel sheet for 2 currencies? rather complicated sia....

i been fumbling with that

and to add to the complication, if you exchange SGD=> USD you have different exchange rates.
have a buy and sell fx rate column, then just multiply it lor
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Old 11-03-2015, 05:50 PM   #3618
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Noob question, I just sold some NYSE stocks last night and intend to convert the USD back to SGD.

Do I have to wait 3-5 days for the settlement to clear before I can transfer the funds out of my USD SSA? Right now my online banking is still showing the balance under securities trading account.
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Old 11-03-2015, 06:04 PM   #3619
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Noob question, I just sold some NYSE stocks last night and intend to convert the USD back to SGD.

Do I have to wait 3-5 days for the settlement to clear before I can transfer the funds out of my USD SSA? Right now my online banking is still showing the balance under securities trading account.
Yes, wait 3 working day. The online banking amount is not updated de.
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Old 12-03-2015, 11:46 AM   #3620
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sorry if this has been asked before as i had opened this securities trading account long time back but id not use it before.

if i buy a singapore stock and the company declared some dividends, will the money be credit directly into my securities trading account or the SGD securities ?settlement account

thanks.
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Old 12-03-2015, 11:53 AM   #3621
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sorry if this has been asked before as i had opened this securities trading account long time back but id not use it before.

if i buy a singapore stock and the company declared some dividends, will the money be credit directly into my securities trading account or the SGD securities ?settlement account

thanks.
Securities settlement account in respective currency.
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Old 12-03-2015, 02:38 PM   #3622
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I want to trade in Euros and USD, can I physically deposit these forex into my trading account?
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Old 12-03-2015, 03:35 PM   #3623
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I want to trade in Euros and USD, can I physically deposit these forex into my trading account?
Nope, many has tried and failed.
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Old 12-03-2015, 07:12 PM   #3624
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If you are a priority banking client, u can request to open up a 'USD High' account. There will not be charges for usd cash deposit
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Old 12-03-2015, 07:51 PM   #3625
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If you are a priority banking client, u can request to open up a 'USD High' account. There will not be charges for usd cash deposit
only richie rich can do that
poor ppl like me cannot
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Old 12-03-2015, 09:15 PM   #3626
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Same same...
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Old 17-03-2015, 02:03 PM   #3627
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Can anybody confirm this?
I want to DCA VWRD and looked at the charges.
It says 1% stamp duty for IE ISIN shares.


But this blog post in May 2014 states otherwise.
Standard Chartered Online Trading DID Removed 0.5% UK Stamp Duty From Certain Exchange Traded Fund (ETF)

Did SCB start charging stamp duty again ?
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Old 17-03-2015, 03:29 PM   #3628
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Applied through ibanking for trading account 2 weeks ago. Last week they kept calling me while I was overseas but I missed the call. When I finally picked up they told me I need to go to the branch to do "due diligence".

Wtf does that mean and why the hell they insist on calling and cannot SMS or email for such simple thing?
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Old 17-03-2015, 04:02 PM   #3629
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Don't get so work up. They are cheap for a reason. Get use to it. You save $ because they cut out the service.

Not sure about due diligence but last time when I did my application, they didn't complete the paperwork, so I need to made an extra trip.
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Old 17-03-2015, 04:20 PM   #3630
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Applied through ibanking for trading account 2 weeks ago. Last week they kept calling me while I was overseas but I missed the call. When I finally picked up they told me I need to go to the branch to do "due diligence".

Wtf does that mean and why the hell they insist on calling and cannot SMS or email for such simple thing?
I think it's the risk assessment thingy ba.
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