If i am not wrong, it's $10.70 per type of shares. e.g if you transfer 2,100 shares of Keppel Corp; 4,300 shares of Singtel; 100 shares of DBS from CDP to SCB, you only pay $32.10. If someone has to pay $10.70 per lot (i.e. 100 shares), it wouldn't make any sense as he would be better off selling off the shares (incurring the commission charges) and buying back again using SCB.
Having said that, the last time i transferred from CDP to SCB, they didn't charge me the transfer fees. I guess it will be more strictly enforced if you transfer the shares out from SCB to CDP. Hope this helps!
Yup, a big difference.
Normal sell order or limit sell order will only execute when the price is above that number you set.
Stop loss, is the price where your sell will be triggered, meaning you are ready to sell at all cost at this price and below( BUT!! this low price has a floor, which is set by your lowest selling price) Any price below this lowest selling price would not be executed.
E.g. you wanna sell Singtel, stop loss at 3.95, lowest at 3.93.
In this case, your stop loss will be triggered once singtel price falls to or below 3.95. It will attempt to sell between the price of 3.95-3.93. Let's say singtel falls from 3.96 to 3.92, your order will not be executed.
Why have this? To prevent huge losses.
The standard sell can execute your 3.95 and below already. Meaning, if you die die wanna sell, set a low enough price and it will confirm be sold.
The 'stop loss, lowest' set a floor which if the price fall too much, you would rather hold the share then sell at this lousy price.
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.