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

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daylight

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do I need to open a saving account with SCB before I can open the trading account ?
 

MikeDirnt78

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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. :)
 

daylight

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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 ?
 

leogeo

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sorry ar, just to check, i bought shares using SCB online trading and dividends for M1 should have come in on 1st August...which account will it be credited to? Sorry, first time receving dividends...so noob here..

Edit: sorry, i realised its 14th August
 
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bencheongcm

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sorry ar, just to check, i bought shares using SCB online trading and dividends for M1 should have come in on 1st August...which account will it be credited to? Sorry, first time receving dividends...so noob here..

your trading account
 

Ava|on

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Hi all, newbie here. SCB currently offering two free trades of up to $100 each. I am new to trading and I am keen to get into this.

I read about CDP and still don't get it. So if I want to open a trading a/c with SCB, first I would need to register with CDP? Could any veterans here tell me where do I register with CDP or rather what I need to do to get started?
 

doody_

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Hi all, newbie here. SCB currently offering two free trades of up to $100 each. I am new to trading and I am keen to get into this.

I read about CDP and still don't get it. So if I want to open a trading a/c with SCB, first I would need to register with CDP? Could any veterans here tell me where do I register with CDP or rather what I need to do to get started?

For SCB you don't need a CDP account, as SCB will be holding your shares.
 

Sinkie

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hmm, but i checked my online SCB trading account but i did not receive anything?

i believe M1 dividends were paid on 1st August

dividend payable date for m1 is 14 AUG 2012
 

Ava|on

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For SCB you don't need a CDP account, as SCB will be holding your shares.

Thanks for your reply.. they hold my shares but I can still trade as per normal right? as in buy/sell whenever I want..

There's this Stop Loss Order function in SCB, what is it supposed to do? I'm watching the online demo.
 
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sadbearbear

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I call the hotline and the customer service officer did not really explain clearly to me what I want to know

I want to know:

1. beside the 0.2% commission, any other charges (GST, SGX Clearing Fee, Access Fee) involved?

2. The 0.2% commission is both buy and sell need to pay separately? Meaning I buy then need to pay, when I sell need to pay again?

3. I can still received dividends, just that cannot go attend AGM and get annual report?
 

doody_

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I call the hotline and the customer service officer did not really explain clearly to me what I want to know

I want to know:

1. beside the 0.2% commission, any other charges (GST, SGX Clearing Fee, Access Fee) involved?

2. The 0.2% commission is both buy and sell need to pay separately? Meaning I buy then need to pay, when I sell need to pay again?

3. I can still received dividends, just that cannot go attend AGM and get annual report?

Standard Chartered Bank Singapore

For SG market, add 7% GST. So if you are under Personal Banking, your commission payable is 0.24% * 1.07.

2. You have to pay commission every time you make a trade, it doesn't matter whether it's buy or sell.

3. No AGM, no annual report, just dividends.
 

Amigogo

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anyone here trading US stocks using SCB??

can advise on the total fees payable?
 

doody_

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Just to make it real clear, for US stocks: 0.25% to buy and 0.25224% to sell (for Personal banking aka normal customer). I think if people can qualify for Priority banking they won't mind paying the higher commissions through other brokerages :s13:
 
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