[bugbunny]

Hi Guys,

may i know what is the charges for transferring from CDP to Standard chartered? is it free? no clearing charges from CDP? i understand that there is no fees charges charge by standard chartered but are there from CDP?

[Perisher]

bugbunny wrote:

Hi Guys,

may i know what is the charges for transferring from CDP to Standard chartered? is it free? no clearing charges from CDP? i understand that there is no fees charges charge by standard chartered but are there from CDP?

I only remember one side will charged $10.70 for each counter...

[feralslash]

When opening the trading accounts, we have to fill up another form for trading US stocks, right? I cant find the form online. Was thinking to fill up the forms then go down, save time at the branch.
Or should i just go down and they will have all the forms?

[Perisher]

feralslash wrote:

When opening the trading accounts, we have to fill up another form for trading US stocks, right? I cant find the form online. Was thinking to fill up the forms then go down, save time at the branch.
Or should i just go down and they will have all the forms?

They have all the forms. It called W8Ben.
It's very simple 1 page form. Just fill in name and address, sign and that's it.

[Average]

https://www.google.com.sg/url?sa=t&s...498aVuiEq0HibA

Page 38, found using google. But i just go there let the guy fill for me.

[crystalnox]

Anyone tried transferring US stocks into scb from a US brokerage before?

[Asphodeli]

crystalnox wrote:

Anyone tried transferring US stocks into scb from a US brokerage before?

No, but you could just sell the stocks then buy back from market?

[crystalnox]

Asphodeli wrote:

No, but you could just sell the stocks then buy back from market?

Can't directly deposit USD into scb' securities account.

[Asphodeli]

crystalnox wrote:

Can't directly deposit USD into scb' securities account.

Hmm you have a point there. Well, do try out and let us know the results?

[havetheveryfun]

feralslash wrote:

When opening the trading accounts, we have to fill up another form for trading US stocks, right? I cant find the form online. Was thinking to fill up the forms then go down, save time at the branch.
Or should i just go down and they will have all the forms?

they have the forms

when I applied the banker very good (or paranoid), when I start to fill up the W8Ben form, the banker said no no I will help you to fill up that form because the form if one small mistake very troublesome, just ask me to check and sign after that only

[Tornesoul]

heya is it possible to do market orders for SCB? e.g. market buy.

How do I go about if possible?

[linxiaobei]

Tornesoul wrote:

heya is it possible to do market orders for SCB? e.g. market buy.

How do I go about if possible?

Nope. Only limit orders are possible. Just set a price that is slightly higher to buy it.

[sacredrays]

i tot have market order liao...?

[Perisher]

IIRC, the last time I login, the market order is back. So yes, have market order again. Need to check to confirm.

Using market order is not recommended as it can give one unexpectedly high buy price or low sell price. Unless the counter is iliquid, which in itself should prompt why one is buying, otherwise there isn't much reason to use market order...
Simply placing 1 bid above/below current market price should do the trick.

[Average]

Got my fcy settlement accounts this afternoon liao, can transfer money in too. But still cant trade usd, the trading side havent updated i guess.