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

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TiOnGSquare

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It is ridiculous to say "don't rely on that purchasing power". When purchasing power is zero, you cannot make any purchase. Imagine if you have deposited money to buy stocks but forbidden to buy any because the purchasing power falls to zero. Purchasing power is equivalent to real money because without it, you cannot purchase any stocks. It is a major irritant when the securities settlement account says you have money but you cannot use the money. Is it ok if your bank account is full of money that cannot be used to purchase stuff?

How can you say "don't rely on that purchasing power"? Maybe this has not happened to you, so you as a user don't really understand.

Has other users encountered similar problems with SCB purchasing power?

today i realised i got ard 5k gone from my trading account, left 700 inside, i called up scb 3 times, all say still waiting for the IT side to get back to them :( i wonder how the system mess this up, the transaction history balance and the purchasing power doesnt match now. How long does it take for yours to re-appear :s11:
 

MikeDirnt78

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i bet some of the SCB CSO are blur just like you guys. how can your money go disappear suddenly???

as i said, ignore the purchasing power. monitor your settlement account instead. this is the account where all your money is debit and credit. counter check with your past statements. if anything is wrong, then there should be a cause for alarm.
 

kechiki

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wah today i go the stan chart branch, the CSO keep insisting my stocks is in phillips and say nothing they can do. He kept pointing to this section in the form where they say counter party details, if it's CDP he asks me who can they look for?

But I am quite sure my shares are in CDP because i logged into SGX website and see my shares are all in there.

this CSO noob or did i do anything wrong?
 

TiOnGSquare

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i bet some of the SCB CSO are blur just like you guys. how can your money go disappear suddenly???

as i said, ignore the purchasing power. monitor your settlement account instead. this is the account where all your money is debit and credit. counter check with your past statements. if anything is wrong, then there should be a cause for alarm.

ofcos the money confirm wouldnt be gone..
the point is wrong purchasing power i end up cant buy any shares :s22:
 

wolfgang13

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damn. they expired all my offline trades locked yesterday

Unbelievable.. Im on hold trying to work out what's going on. Puts SC customers at a huge disadvantage this morning. Back of the queue for us.
 

wolfgang13

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Right.

Just spoke to them.

They're aware of the problem- and it should be up again soon.

What a joke.
 

wolfgang13

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Does SCB have any Online Trading App for Iphone?

No,

And according to some user a few pages back, dont ask them for one- because he's scared they'll push fee's up.. Complete BS imo.. Every other market has it available.
 

fortunecat

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today i realised i got ard 5k gone from my trading account, left 700 inside, i called up scb 3 times, all say still waiting for the IT side to get back to them :( i wonder how the system mess this up, the transaction history balance and the purchasing power doesnt match now. How long does it take for yours to re-appear :s11:

Same, my purchasing power missing abt 7k. Not the first time liao, called and wait as usual.

Total online trading completely down lol
 

wolfgang13

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Same, my purchasing power missing abt 7k. Not the first time liao, called and wait as usual.

Total online trading completely down lol

I'm thinking of swapping platforms- especially after the debacle this morning.

What other platforms are people using?
 

wolfgang13

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I have positions I need to unload.

SC.. What a bunch of hacks.. Seriously.. They're costing people money.
 
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