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

[Sinkie]

Woah, don't panic guys. Wait for official confirmation... and keep that backup account

Yeah, wait for confirmation lah, u all machiam behaving like Scb is tio Mfglobal like that..

Still got hope

 

[felixleong]

SCB replied in Facebook that the online trading platform is not affected.

I think that is good news for all,at least for the short term

but looking long term.. their business still not making profits.. so really hard to see them survive for years to come

still safer to diversify (have a few trading accounts), can't really see the downside of having a few accounts hor?

 

[highsulphur]

I'll just open with cimb since its link to cdp and SRS.

 

[tiny]

For Srs and Cpf, is the standard 0.275% and min $25 de

Is same for all brokerages de

Not same. Poems odd lot trading is $15+ broker fee

 

[lalalalalala]

For Srs and Cpf, is the standard 0.275% and min $25 de

Is same for all brokerages de

ot abit: sinkie are you a broker? if so any difference if i am under u or your collegues? i mainly do diy trading, current broker just sends email blasts every morning

 

[Sinkie]

Not same. Poems odd lot trading is $15+ broker fee

Odd lot only 3 brokersge can do; cimb, poems and limtan

Odd lot min is $15 but need manual request though so when u buy sell oddlot, pls call broker to make necessary changes

 

[Sinkie]

ot abit: sinkie are you a broker? if so any difference if i am under u or your collegues? i mainly do diy trading, current broker just sends email blasts every morning

ehh, if you don't mind just pm me lor, I'm good

 

[Sinkie]

I think that is good news for all,at least for the short term

but looking long term.. their business still not making profits.. so really hard to see them survive for years to come

still safer to diversify (have a few trading accounts), can't really see the downside of having a few accounts hor?

Don't worry, I just asked my Scb rm, this retailer equity biz still can be used, but she can't guaranteed if the "no min comm" scheme will still be applicable or not in the near future but will let me know if there's any changes

Apparently there will be 2 rounds of retrenchment, today is jus the first round nia, a few are already "starting" to look around

Csb applies

 

[felixleong]

Don't worry, I just asked my Scb rm, this retailer equity biz still can be used, but she can't guaranteed if the "no min comm" scheme will still be applicable or not in the near future but will let me know if there's any changes

Apparently there will be 2 rounds of retrenchment, today is jus the first round nia, a few are already "starting" to look around

Csb applies

wah shag, today first round nia ah.. can't imagine second round... poor singaporeans being jobless soon... now financial industry really is eat grass sia

i read that remisiers earnings average 1k nia.. dunno the newspaper article zhun or not

 

[highsulphur]

ehh, if you don't mind just pm me lor, I'm good

Do you get a commission even if the client does his own trading online?

 

[Sinkie]

I'll just open with cimb since its link to cdp and SRS.

Yeah, just open online lor, then choose and select for them to send u the foms, together with a return envelope with all your details filled in, then just sign n mail back at your convenience within 1 month time. Then just take photo of your ic, back and front and upload or email them to complete once u received the form.

Or else download n print forms damn mafan also..

 

[highsulphur]

Yeah, just open online lor, then choose and select for them to send u the foms, together with a return envelope with all your details filled in, then just sign n mail back at your convenience within 1 month time. Then just take photo of your ic, back and front and upload or email them to complete once u received the form.

Or else download n print forms damn mafan also..

I probably just drop by since I work nearby. Thanks for the info.

 

[Sinkie]

Do you get a commission even if the client does his own trading online?

Yeah, u diy trade, we do still have % shares of it one.. Brokers are mainly just to bear risk only also.. Don't worry lah..

 

[felixleong]

ehh, if you don't mind just pm me lor, I'm good

wow u are a remisier or house dealer?

 

[Sinkie]

wow u are a remisier or house dealer?

Just a small small staff nia lahh..

 

[Asphodeli]

Just a small small staff nia lahh..

actually i am curious, whats the diff between a trading rep, broker, remisier and dealer? i'm asking because i recently requested to change my broker, and the brokerage firm told me that its not possible to change broker? somehow long and short of it, I eventually managed to change my trading rep, and not the broker or remisier.

 

[felixleong]

Just a small small staff nia lahh..

slowly can become big big one, no worries

 

[felixleong]

actually i am curious, whats the diff between a trading rep, broker, remisier and dealer? i'm asking because i recently requested to change my broker, and the brokerage firm told me that its not possible to change broker? somehow long and short of it, I eventually managed to change my trading rep, and not the broker or remisier.

those with mas license is called trading representative (TR), it can be a house dealer or a remisier

generally remisier is self employed (do own business)
while house dealer draws a salary from the company (employee)

 

[daylight]

ocbc broking fee is how much ?
standard $25 ???

 

[Tloslm]

Just open the trading account and use your normal POSB or UOB for shares payment

Then seperately you can also open a cimb star saver to enjoy the cash upfront trading with shares goes into cdp at 0.18%/$18 buy

hi

At CIMB

If sell before T+3 is how much commission?

If sell after T+3 is how much commission ?