noob question:
if the order is fillled today, when will the deduction be made from my SCB securites acccount?
thanks
Settlement is T+3 days, so your account should be deducted on Friday.
Meanwhile before the account is deducted, will I be able to sell?
Cannot open Standard Chartered if no experience of SIP trading?
Cannot, they insist on the minimum 6 trades. Even the SGX quiz doesn't work.
7. What happens if I fail the Customer Account Review (CAR)?
If you fail the assessment (i.e. Option 3 of CAR is selected), you will not be able to open an equities trading account including online equity trading account(OLT). For existing online equity trading account(OLT) customers we regret that we will have to suspend your existing online trading account.
From the FAQ of SCB online trading. I assume the assessment they are referring to is the one by SGX? So i infer that if u pass the assessment, u would be allow to open an account.
noob question:
if the order is fillled today, when will the deduction be made from my SCB securites acccount?
thanks
I have just made an buy order on Friday at a price of $0.755. From the scb order status page, it stated that it's filled at $0.755 but later the day it was reflected as $0.765 on the stock portfolio page and the amount charged was the number of lots x $0.765.
Anyone knows why is this so? Thanks.
This Stanchart FAQ is misleading. They have three options for the CAR: qualifications OR working experience OR 6 SIP trades in 3 years. Unlike other brokerages, there is no way to use the SGX Online Education Programme to qualify.
Then for example i wanna buy ETFs which are listed under SIP. i do not study finanicials or work in the finance industry. How can i ever clock the 6 SIP trades in the first place? i have to qualify through other brokers with the SGX exams, place 6 trades then come and apply to SCB?
This really discourages new investors from coming into the market. I am going to email them about this and see what they say..
I have got no trades to my name before. And I was allowed to set up the account. LOL.