Advertisement

Anonymous

03 Jun 2020

∙

General Investing

Hi, newbie using Saxo for US Stocks. Can I sell a stock (e.g. few hours) after I buy it, or is there a settlement time needed? If yes, how can I know when i'm clear to sell it?

Anything else that a newbie to trading/investing should know especially on the SAXO platform or the DBS vickers platform? Thanks!

Saxo Markets DBS Vickers Securities

5

Discussion (5)

What are your thoughts?

Learn how to style your text

Tay_WenHao

02 Jun 2020

Yes. You can sell on the same day of purchase.

Settlement takes 2 to 3 days. But its the same for buy and sell.

So if you buy on Monday, the stocks will be in by Thursday. However, you can also sell on monday since the stock will only be deducted on Thursday.

But if you are new, I wont suggest you to do 'trading', which is buying and selling for profit on capital. If your aim is for investing, you should be looking to hold long term.

Reply

Save

View 4 replies

Write your thoughts

Related Posts

Hi! I’m interested to buy some shares for the Manulife US reit. May i know if it is possible to purchase it through DBS Vickers? If yes, will it be purchased using SGD or USD? Thank you!?

What is the selling limit if I am trading US stocks using a nominee account? I'm able to view my selling limit for SGD. Is it because the broker knows how many stocks I own and no risk of naked selling?

Hi everyone, I'm looking to buy Tencent (US) via Tiger app. Even after topping up my account and buying during trading hours, I get the prompt " This stock can only be closed".

Hi. I'm a newbie in Robos. I just had my Endowus account and would like to know if it I can put 100% of my assigned CPF OA funds into "Infinity US 500 Stock Idx Fd", instead of 40% (aggressive)?

What can I do if I have used DBS cash upfront to buy stock, but I feel like selling before settlement date if there is major sell-off or stocks have risen to my targeted price?

Related Products

DBS Vickers Securities

2.8

88 Reviews

$25

MINIMUM FEE

0.18% to 0.28%

TRADING FEES

CDP

STOCK HOLDING TYPE

Saxo Markets

4.5

957 Reviews

Moomoo Singapore

4.7

482 Reviews

Related Posts

Hi! I’m interested to buy some shares for the Manulife US reit. May i know if it is possible to purchase it through DBS Vickers? If yes, will it be purchased using SGD or USD? Thank you!?

What is the selling limit if I am trading US stocks using a nominee account? I'm able to view my selling limit for SGD. Is it because the broker knows how many stocks I own and no risk of naked selling?

Hi everyone, I'm looking to buy Tencent (US) via Tiger app. Even after topping up my account and buying during trading hours, I get the prompt " This stock can only be closed".

Hi. I'm a newbie in Robos. I just had my Endowus account and would like to know if it I can put 100% of my assigned CPF OA funds into "Infinity US 500 Stock Idx Fd", instead of 40% (aggressive)?

What can I do if I have used DBS cash upfront to buy stock, but I feel like selling before settlement date if there is major sell-off or stocks have risen to my targeted price?

Advertisement