What are the fees for Standard Chartered Trading Account? How does the securities settlement account work? Do I need to prefund it and any minimum balance required? - Seedly
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Matthew Tan

Asked on 11 May 2020

What are the fees for Standard Chartered Trading Account? How does the securities settlement account work? Do I need to prefund it and any minimum balance required?

I intend to buy securites listed on LSE (IWDA and EIMI). Apart from the $10 usd brokerage fees and etf expense ratios, what other fees are imposed? Also, do I need to fund the securities account first and then purchase the shares? Lastly, is there a minimum number of shares or can I just buy 1 for example?

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Yang Teng
Yang Teng
Level 9. God of Wisdom
Answered on 11 May 2020
  • Trading fee is 0.20% for SGX and 0.25% for other markets, lower for priority members

  • $0 custody fees

  • SGX: SGX Clearing Fee of 0.0325% and SGX Trading Access Fee of 0.0075%

You can view the whole list here: https://av.sc.com/sg/content/docs/sg-fees-schedule.pdf

2 comments

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Matthew Tan
Matthew Tan

11 May 2020

Do I need to open and fund the securities account first? Any fall below fees?
Yang Teng
Yang Teng

11 May 2020

You do not need to prefund your account.