yes! A Godsend for people like me who want to DCA with limited funds.Save your time. Just sign up online.
Cash upfront and there is no minimum brokerage fee! You can just buy a $10 worth of stock also
I beliebe you CAN contra, cash is still only debited from you on T+3. Obviously you have to have the cash inside before you are allowed to buy.SCB no contra.
From the term and conditions:
To qualify for the Online Trading promotion, all trades must be transacted online from 6 June 2011 to 15 July 2011 (both dates inclusive) ("Promotion Period").
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I do not know what it means, but this no min comm maybe is within the promotion period only, does not mean forever...
I know I'm going to sound terribly xenophobia but I dun trust foreign banks.
When I first graduated, my first credit card was actually with SCB. There customer service was quite terrible and they were very sticky on charges like late charge, interest charge, annual fee.
So in the end, I severed my relationship with them and never looked back. More or less same experience with Citibank. Bank of China was not a bad experience.
These was in the past and I'm sure their customer service has improved. But there is nothing that these foreign banks can offered me that the big 3 does not. And this will probably be through even when I become a HNWI.
So thanks but no thanks. Once bittern twice shy.
I know I'm going to sound terribly xenophobia but I dun trust foreign banks.
When I first graduated, my first credit card was actually with SCB. There customer service was quite terrible and they were very sticky on charges like late charge, interest charge, annual fee.
So in the end, I severed my relationship with them and never looked back. More or less same experience with Citibank. Bank of China was not a bad experience.
These was in the past and I'm sure their customer service has improved. But there is nothing that these foreign banks can offered me that the big 3 does not. And this will probably be through even when I become a HNWI.
So thanks but no thanks. Once bittern twice shy.
dbs vickers cash upfront cheaper right? 0.18%