HWZ Forums

Login Register FAQ Mark Forums Read

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

Like Tree964Likes
Closed Thread
 
LinkBack Thread Tools
Old 23-07-2012, 07:58 PM   #871
Arch-Supremacy Member
 
diu___'s Avatar
 
Join Date: Oct 2007
Posts: 16,393
now scb online trading getting more n more popular

i believe this is just a promotion period
they earning peanuts lor

i just worried when they will play punk
and charge more %%%%
__________________
Time waits for no man.
He who hesitates, masturbates.
diu___ is offline  
Old 23-07-2012, 08:09 PM   #872
Supremacy Member
 
doody_'s Avatar
 
Join Date: Nov 2006
Posts: 7,460
now scb online trading getting more n more popular

i believe this is just a promotion period
they earning peanuts lor

i just worried when they will play punk
and charge more %%%%
I think they will continue for a while..recently they still have the promotion where first 2 trades are free... still building customer base I guess.
doody_ is offline  
Old 27-07-2012, 04:37 PM   #873
Member
 
Join Date: Dec 2007
Posts: 468
anyone facing issues logging in? I can't seem to log in. After keying in the OTP it just gets stuck.

edit: can liao

Last edited by juswyq; 27-07-2012 at 04:53 PM..
juswyq is offline  
Old 29-07-2012, 04:37 PM   #874
Senior Member
 
IMPERIAL EMPIRE's Avatar
 
Join Date: Jul 2012
Posts: 552
since SCB is holding share for me, I cannot attend AGM or vote, I only buy few shares so cant influence the board anyway

but if got dividends, will i get notification and will i get them?
IMPERIAL EMPIRE is offline  
Old 29-07-2012, 06:33 PM   #875
Supremacy Member
 
Join Date: Jan 2012
Posts: 8,126
Can I transfer shares from SCB to CDP? Don't like the idea of losing voting rights.
klarklar is offline  
Old 29-07-2012, 07:00 PM   #876
Arch-Supremacy Member
 
Dividends Warrior's Avatar
 
Join Date: Nov 2010
Posts: 21,708
now scb online trading getting more n more popular

i believe this is just a promotion period
they earning peanuts lor

i just worried when they will play punk
and charge more %%%%
Only a matter of time.
__________________
Ride with me to CXG (创新高)!!!
Dividends Warrior is offline  
Old 29-07-2012, 07:11 PM   #877
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 79,059
Can I transfer shares from SCB to CDP? Don't like the idea of losing voting rights.
actually it doesnt matter, at least we know that standchart and the voting rights will be in safe hand and they wont anyhow anyhow vote



but just that cannot go agm jiak buffet
__________________
Sinkie is offline  
Old 29-07-2012, 07:24 PM   #878
Supremacy Member
 
Join Date: Jan 2012
Posts: 8,126
actually it doesnt matter, at least we know that standchart and the voting rights will be in safe hand and they wont anyhow anyhow vote
Actually, it does matter. I can't vote my way.

By the way Sinkie, since you are working in a brokerage, is the SCB online trading now considered a threat to traditional brokerages? Don't have to answer if this is too sensitive.
klarklar is offline  
Old 29-07-2012, 07:54 PM   #879
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 79,059
Actually, it does matter. I can't vote my way.

By the way Sinkie, since you are working in a brokerage, is the SCB online trading now considered a threat to traditional brokerages? Don't have to answer if this is too sensitive.
Not really, from what I heard from people from the higher management, there was little or no impact. There was initial concern on the emergence of scb no min commission structure, they had a meeting with all brokerages and decided to sort of do a "wait-and-see" approach and believe servicing is the only way to mitigate the impact.

And after a year, there was no or little impact at all. If there is enough servicing done to clients, clients are satisfied and they will not mind the minimum commission structure especially they dont have time to monitor and usually their purchase will somehow exceed the minimum comm and also rich and bigger clients wants very good and dedicated servicing and don't even mind paying for offline orders.

There was once i was covering for a colleagues who was off for reservist, he called in to ask for ihh placement, I told him his broker was away for reservist and i couldnt do his placement for him and told him to go ATM, he was furious and told me what is ATM, he don't have an ATM card and do I expect him to queue to bid for ihh? He was willing to pay 2% commission but I couldn't do anything so he hanged up. Haha.

Then I talked to a few brokers in the same industry, they were glad that scb came about and "reduce" their workload for those who contributed small commission and still ask for lower commission and now they have more time for their bigger clients.

I guess once temesak sold their 17.8% of scb to other foreign investor, then it will be a "national" concern ba..

Anyway these are not my views so disclaimer applies as always..
lzydata likes this.
Sinkie is offline  
Old 29-07-2012, 10:01 PM   #880
Senior Member
 
Join Date: Jan 2012
Posts: 755
Do we need to have a cdp acc to trade through scb?
iAmBored is offline  
Old 29-07-2012, 10:01 PM   #881
High Supremacy Member
 
Join Date: Jan 2001
Posts: 35,975
do I need to open a saving account with SCB before I can open the trading account ?
daylight is offline  
Old 29-07-2012, 10:11 PM   #882
Arch-Supremacy Member
 
MikeDirnt78's Avatar
 
Join Date: Jun 2002
Posts: 21,587
Stanchart no minimum commission has come in at the very right time for me. As i dont usually buy in big quantities, my small quantities of shares bought and spread throughout the 1 year of volatile period of market conditions have saved me thousands of dollars in commission.
__________________
Eat | Live | Punk Rock | Save | Invest | Finance | Fitness | Pixel | Tech | DIY
MikeDirnt78 is offline  
Old 30-07-2012, 09:23 AM   #883
Member
 
Join Date: Aug 2009
Posts: 204
do I need to open a saving account with SCB before I can open the trading account ?
Yes, usually e$aver account since it has no minimum balance.

Do we need to have a cdp acc to trade through scb?
No, but it's good to have. It is free to open a CDP account anyway.
imwarren is offline  
Old 30-07-2012, 01:36 PM   #884
Supremacy Member
 
doody_'s Avatar
 
Join Date: Nov 2006
Posts: 7,460
Yes, usually e$aver account since it has no minimum balance.
But, if it remains at $0 balance for 6 months, it will be closed... I leave my initial $2 deposit inside
SpeedingBullet likes this.
doody_ is offline  
Old 31-07-2012, 10:53 AM   #885
High Supremacy Member
 
Join Date: Jan 2001
Posts: 35,975
what do i submit for SIP in the trading application form ?
under CAR, i select option C, as i have investment experience.
what is name financial Intermediary and name of listed SIP ?
daylight is offline  
Closed Thread
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On