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Anonymous

12 Nov 2020

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General Investing

How to purchase ETF listed in LSE on Standard Chartered Online Trading?

Hi, I am new to the standard chartered online trading and is looking to buy ETF listed in LSE. However, I am unsure of things and have a few questions.
1) How to input funds into my SC trading account? Isit from my SC normal account deposit to my SC securities account then to trading account?
2) How to see if the ETF is in which currency on the SC trading platform/app?

Discussion (6)

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  1. Transfer SGD funds to your normal account then transfer to your SGD securities settlement account. From there, use the LiveFX feature to convert the amount in your SGD securities settlement account to the foreign currency (FCY) settlement account of choice i.e. USD or GBP.

In the SC trading account, the available funds information will be pulled from the securities settlement accounts that you have. You need to have selected the particular FCY securities settlement accounts to be opened during initial application. If not, you have to submit an application to open them.

  1. On the app, when you click on the buy/sell option, the currency is indicated under β€œCCY” for that ETF code. Typically you should be able to find GBX or USD equivalent ETFs i.e. EQQQ(GBX) or EQQU(USD). Need to do some googling.
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