facebookIs having SC Jumpstart enough to create a SC Trading account? And what do SC people usually buy and sell on the SC Trading Account? - Seedly

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Anonymous

19 Oct 2020

General Investing

Is having SC Jumpstart enough to create a SC Trading account? And what do SC people usually buy and sell on the SC Trading Account?

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Chan Ze Ming

19 Oct 2020

Accountancy and Finance Student at Nanyang Polytechnic

Hello,

Apart from what Nicholas has typed, just gonna add on that you must be 21 and above in order to have a trading account with them. If youre not, you can create an account with DBS vicker, Poems, Fsmone instead.

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Nicholas Beh

19 Oct 2020

Student Ambassador 2020/21 at Seedly

You don't actually need to have an existing Standard Chartered bank account to open a trading account. But of course, it would be easier to move funds around if you already have a bank account with them. Apart from a trading account, they will open settlement accounts where you can transfer in and out your money.

They support multiple markets, including US, UK, SG, HK, Australia, Japan and a few other European markets. It is most popularly used around here for purchasing Irish-domiciled ETFs listed on the LSE (UK) because they do not have any recurring fees. There are more competitive offerings for other markets. If you hold more than $200,000 of assets with Standard Chartered, they will bump you up to Priority status which will entitle you to lower commission rates, no minimum commission and other benefits.

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