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

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Old 23-07-2013, 07:43 PM   #1471
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Hi,
Anyone using iPhone had managed to login to online trading?

TIA.
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Old 23-07-2013, 09:59 PM   #1472
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I have some questions regard the scb account after reading some websites etc.

1. Is the scb really slower in executing our orders for us?

2. Anyone having any problems with rights issues or dividend payments?

3. Is the data really not real time or even close to real time?

Thanks
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Old 24-07-2013, 12:43 AM   #1473
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you dont need a credit card or other accounts to trade with this often. but its advisable that you sign up for their credit cards. you can get to enjoy their credit card promotions once in awhile which can be quite attractive.

you just need to have an esaver account to be able to open a trading account. and make sure you apply for the settlement accounts for all currencies just to standby.
thanx 4 de reply.
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Old 24-07-2013, 01:15 AM   #1474
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I have some questions regard the scb account after reading some websites etc.

1. Is the scb really slower in executing our orders for us?

2. Anyone having any problems with rights issues or dividend payments?

3. Is the data really not real time or even close to real time?

Thanks
1. Results are almost instantaneous if bid price is at the mkt price

2. rights nt sure, dividends are one day late as compared to other brokerages.

3. as quoted from scb

"All market data is delayed at least 15 minutes, unless otherwise noted.
Tokyo SE (TSE), Nikkei and Australia SE (ASX) data is delayed at least 20 minutes.
Chicago Mercantile Exchange (CME) and Sydney Futures Exchange (SFE) data is delayed at least 10 minute"
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Old 25-07-2013, 09:35 PM   #1475
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Sorry, just saw account has been opened from my internet banking page.

However, where to click to see the trading page?

Can anyone also confirm that for me to get dividends from Nikko AM STI ETF, need to send them a mail every month?
==================================================
4. Dividend Payments Require More Work, Are Delayed to Next month

This is really my beef with the SCB trading platform. I was expecting my Dividend payment from SingPost this month and it never came in. So I called them up to enquire and this is the reply I get. “I will receive a letter from SCB at the end of the month stating that I have received Dividends and I can opt to either receive them in cash or in shares.” So I asked them if they can automatically just send me cash and deposit directly into my account. They said no. Now that’s just more work for me, I HAVE TO mail back a letter every month (since I get Dividends every month) to opt for my Dividends in cash and I will only receive them the next month.

As discussed, there is money to be saved by using the SCB trading platform. However, there are also a few downsides to consider. As a Long Term Dividend Investor, my strategy does not gel so well with this new platform. I rather pay more in commissions and own the stocks directly as well as get my Dividends on time, banked straight into my account.

Last edited by rerear; 25-07-2013 at 09:39 PM..
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Old 25-07-2013, 10:29 PM   #1476
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Sorry, just saw account has been opened from my internet banking page.

However, where to click to see the trading page?

Can anyone also confirm that for me to get dividends from Nikko AM STI ETF, need to send them a mail every month?
==================================================
4. Dividend Payments Require More Work, Are Delayed to Next month

This is really my beef with the SCB trading platform. I was expecting my Dividend payment from SingPost this month and it never came in. So I called them up to enquire and this is the reply I get. “I will receive a letter from SCB at the end of the month stating that I have received Dividends and I can opt to either receive them in cash or in shares.” So I asked them if they can automatically just send me cash and deposit directly into my account. They said no. Now that’s just more work for me, I HAVE TO mail back a letter every month (since I get Dividends every month) to opt for my Dividends in cash and I will only receive them the next month.

As discussed, there is money to be saved by using the SCB trading platform. However, there are also a few downsides to consider. As a Long Term Dividend Investor, my strategy does not gel so well with this new platform. I rather pay more in commissions and own the stocks directly as well as get my Dividends on time, banked straight into my account.
Singpost also have script dividend now?
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Old 26-07-2013, 01:24 AM   #1477
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i bought sph reit on 24th july through scb. it was listed under "Online trading" --> "stock portfolio". But the current balance amount of security trading account in account summary page is not updated yet.

I called CSO to clear this doubt today and was told that online banking account summary page will be updated after t+3days, which i feel is not correct. I vaguely remember that is like next day.

Is it same for you all bros?


Thanks in advance

Last edited by digitalguy; 26-07-2013 at 02:16 AM..
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Old 26-07-2013, 09:17 AM   #1478
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i bought sph reit on 24th july through scb. it was listed under "Online trading" --> "stock portfolio". But the current balance amount of security trading account in account summary page is not updated yet.

I called CSO to clear this doubt today and was told that online banking account summary page will be updated after t+3days, which i feel is not correct. I vaguely remember that is like next day.

Is it same for you all bros?


Thanks in advance
Yea, that's correct. Your securities settlement account will not be reflected until T+3. For more accurate balance, you can check in online trading by seeing your balance.
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Old 26-07-2013, 11:44 AM   #1479
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Sorry, just saw account has been opened from my internet banking page.

However, where to click to see the trading page?

Can anyone also confirm that for me to get dividends from Nikko AM STI ETF, need to send them a mail every month?
==================================================
4. Dividend Payments Require More Work, Are Delayed to Next month

This is really my beef with the SCB trading platform. I was expecting my Dividend payment from SingPost this month and it never came in. So I called them up to enquire and this is the reply I get. “I will receive a letter from SCB at the end of the month stating that I have received Dividends and I can opt to either receive them in cash or in shares.” So I asked them if they can automatically just send me cash and deposit directly into my account. They said no. Now that’s just more work for me, I HAVE TO mail back a letter every month (since I get Dividends every month) to opt for my Dividends in cash and I will only receive them the next month.

As discussed, there is money to be saved by using the SCB trading platform. However, there are also a few downsides to consider. As a Long Term Dividend Investor, my strategy does not gel so well with this new platform. I rather pay more in commissions and own the stocks directly as well as get my Dividends on time, banked straight into my account.
1) firstly, get your facts correct. singpost does not have any scrip

2) tell us the correct stock which you didnt receive the dividends. did you check your Settlement Account? the other forummers can testify on their dividends.

3) i suspect the CSO that you spoken to is wrong. usually for scrip dividend scheme, default option is to take cash if you choose to do nothing

4) 1 day delay is the norm. just ask yourself. can your 1 day interests earned from your dividends able to offset the higher commission? if yes, then of course its wise to avoid this platform.
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Old 26-07-2013, 06:51 PM   #1480
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Thanks for the details Mike... it actually isn't my own experience, that paragraph was taken from someone's blog... now feel much better with scb!
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Old 27-07-2013, 11:52 AM   #1481
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Anyone else slightly bothered by fact there is no monthly statement by scb for the stock portfolio like the one sent by cdp? i know we can print out from scb onling trading but its not 'official'
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Old 27-07-2013, 12:18 PM   #1482
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Anyone else slightly bothered by fact there is no monthly statement by scb for the stock portfolio like the one sent by cdp? i know we can print out from scb onling trading but its not 'official'
They got send me my holdings in paper statement.
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Old 27-07-2013, 12:29 PM   #1483
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They got send me my holdings in paper statement.
Really??? ok thanks i will check with my scb staff
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Old 27-07-2013, 12:29 PM   #1484
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They got send me my holdings in paper statement.
I was wondering whether can they just send me a weekly statement or when required because they send me everyday. Save on trees.
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Old 27-07-2013, 12:49 PM   #1485
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I was wondering whether can they just send me a weekly statement or when required because they send me everyday. Save on trees.
eVERYDAY?? how is it possible? technical glitch? even weekly is a bit too much - even if its online. maybe you are their premier priority high net worth customer that they focus a lot on you
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