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Old 05-05-2015, 07:50 PM   #3766
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Hello, thinking of opening a trading account with SCB but I am unable to fulfil the requirements for the CAR test. I have heard some successfully opened a account just by passing the SGX mcq. Does this still works?
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Old 05-05-2015, 09:11 PM   #3767
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Price goes to 0.

Does this happen very often on the platform?

And also how long does it take to update the SSA and FCY SSA account remaining available fund on the main scb page after buying stocks? it's been almost a week..
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Old 05-05-2015, 09:12 PM   #3768
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Hello, thinking of opening a trading account with SCB but I am unable to fulfil the requirements for the CAR test. I have heard some successfully opened a account just by passing the SGX mcq. Does this still works?
The person i went to open scb trading just tell me to tick one of the requirement box and viola i m tru..
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Old 05-05-2015, 09:23 PM   #3769
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Hello, thinking of opening a trading account with SCB but I am unable to fulfil the requirements for the CAR test. I have heard some successfully opened a account just by passing the SGX mcq. Does this still works?
nope, it doesn't work, it actually depends on the scb staff. By their account, that sgx mcq thing doesn't count(contradictory to all other brokers and by right it should allow you to open a trading account). That's scb's official stand but actually the MCQ is recognized by MAS.

What you can do though is either go to a branch which if you are lucky they just open for you or you smoke them or you really make 6 trades with other brokers.

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Price goes to 0.

Does this happen very often on the platform?

And also how long does it take to update the SSA and FCY SSA account remaining available fund on the main scb page after buying stocks? it's been almost a week..

This doesn't happens to me in my 3years+ of trading over few hundreds of trades. Best solution is call in and inform them that you can't see the number of shares you have, the price doesn't matter since it's only reflecting current market price.

The second question,
again, calling in. Inform them that your tradings are not updated despite waiting for more than 3 working days.
Again, this is not normal.
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Old 05-05-2015, 09:28 PM   #3770
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Ok! I got 6 trades liao, so I need to bring the proof (transaction letters) to show them right? Other than that, do I need to open scb saving account?
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Old 05-05-2015, 09:38 PM   #3771
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No need proof one la. Just list down your counters
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Old 05-05-2015, 09:47 PM   #3772
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Ok! I got 6 trades liao, so I need to bring the proof (transaction letters) to show them right? Other than that, do I need to open scb saving account?
I passed them my trade paper and let them fill in but maybe the other guy just write it himself.

Anyway, yes, you need a fuss-free Esaver account.
This Esaver got no fees whatsoever, no fall below, no maintanence etc...It's totally free.

Also, when you open the trading account, open all the foreign currency trading account along with it. All of them is free, one shot open all better than next time more trouble when you want it. They are not so helpful to help you open all, usually they won't even mention got other market's account you can open.

Do note, it's FCY SSA account for trading one, not their foreign currency account. If they don't understand, just say you wanna trade in all 13 markets on their
https://www.sc.com/sg/ways-to-bank/online-trading.html
page.
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Old 05-05-2015, 10:00 PM   #3773
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This doesn't happens to me in my 3years+ of trading over few hundreds of trades. Best solution is call in and inform them that you can't see the number of shares you have, the price doesn't matter since it's only reflecting current market price.

The second question,
again, calling in. Inform them that your tradings are not updated despite waiting for more than 3 working days.
Again, this is not normal.
Haha i blocked out the Qty column for privacy sake. The thing in question is the price of stock being 0.00
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Old 05-05-2015, 10:01 PM   #3774
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I passed them my trade paper and let them fill in but maybe the other guy just write it himself.

Anyway, yes, you need a fuss-free Esaver account.
This Esaver got no fees whatsoever, no fall below, no maintanence etc...It's totally free.

Also, when you open the trading account, open all the foreign currency trading account along with it. All of them is free, one shot open all better than next time more trouble when you want it. They are not so helpful to help you open all, usually they won't even mention got other market's account you can open.

Do note, it's FCY SSA account for trading one, not their foreign currency account. If they don't understand, just say you wanna trade in all 13 markets on their
https://www.sc.com/sg/ways-to-bank/online-trading.html
page.
No need proof one la. Just list down your counters
Thanks guys, will head down to scb tmr
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Old 05-05-2015, 10:20 PM   #3775
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Haha i blocked out the Qty column for privacy sake. The thing in question is the price of stock being 0.00
I dunno why that would be the case but if you can, try selling 1 share at market price and see if it can be done. I really don't bother with the price myself but has never seen a 0.00.
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Old 05-05-2015, 10:54 PM   #3776
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I dunno why that would be the case but if you can, try selling 1 share at market price and see if it can be done. I really don't bother with the price myself but has never seen a 0.00.
Yeah will either call them or sell a share tml. Thx
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Old 05-05-2015, 10:58 PM   #3777
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Price goes to 0.

Does this happen very often on the platform?

And also how long does it take to update the SSA and FCY SSA account remaining available fund on the main scb page after buying stocks? it's been almost a week..
It's some weird bug with their London custodian/broker I guess, I have the same issue as you. Just click on the "Quote" and use Real-Time Feeds to get the market price you want to buy/sell. This is why almost everyone who has an SC trading account uses a seperate website/app to track their portfolio.
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Last edited by Asphodeli; 05-05-2015 at 11:00 PM..
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Old 05-05-2015, 11:15 PM   #3778
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It's some weird bug with their London custodian/broker I guess, I have the same issue as you. Just click on the "Quote" and use Real-Time Feeds to get the market price you want to buy/sell. This is why almost everyone who has an SC trading account uses a seperate website/app to track their portfolio.
I see.. It's just scary to see my overall balance dropped suddenly haha
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Old 05-05-2015, 11:24 PM   #3779
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I see.. It's just scary to see my overall balance dropped suddenly haha
No worries lah, mai hiam buay pai lah. cheap trading fees. that's why after a trade is done they send u a hardcopy letter mah, that's the proof of share transaction.
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Old 06-05-2015, 07:52 PM   #3780
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Thanks, Sinkie.
You were right, my order limit was at the Bid price (not Ask), so guess I queued all day, and no joy. I looked at the order type details and didn't realize "Execution is not guaranteed for limit orders", so, can't complain, and learned something new
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