OCBC Securities iOCBC Reviews and Comparison - Seedly
OCBC Securities iOCBC
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  • This is a note of caution as I have had an experience that was not pleasant but a learnig experience. A few days ago, I went online to the trading platform and clicked on spdr gold shares and clicked cpf as mode of payment then clicked the button buy. As only 10% of investible savings can be invested in gold etf, i was called one fine day and told that the cpf board had revoked that trade and cash had been executed on my behalf. The broker sold it on the day he called me.. So long (and uncomrtable story) short, I had to go to ocbc centre south to settle in cash (not cpf)
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  • Updated on 16 Jun 2018
    Signed up Young Adults account with OCBC securities. It charges lower commission fees to the young adults account and they hold seminars for young adults.
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OCBC Securities iOCBC

DBS Vickers Securities

AMA Investment Moats

Bank Account

Investments

Kenichi Xi
Kenichi Xi
Top Contributor

Top Contributor (Sep)

Level 6. Master
Updated on 07 Jun 2019
Most Stock Brokerage Account are linked to One CDP account. That's make buying and selling possible with different brokerage and for you will be OCBC and DBS. The only downside is transactions are not updated on the brokerage side if the buying and selling are not from the same brokerage. At all time, you should login to your CDP account to check your holdings. The downside about CDP is the pricing on average up or down is not reflected accurately so you can refer to the existing pricing reflected in your OCBC account before you delete any records from your OCBC portfolio record. From there, you can use the record you confirmed and type it into DBS portfolio record. Bear in mind you should delete the record which are redundant or are sold off by the different brokerage you used. In an event, you saw x shares in OCBC portfolio but you already sold off x shares using DBS portfolio. And if u sell the x shares with no x shares in CDP, it will be classify as short selling and you will be fine by SGX after paying the losses or receive the gain (unlikely) in the process. 我是不是很棒棒?

OCBC Securities iOCBC

DBS Vickers Securities

Investments

Bank Account

Prakash Kumaraswami
Prakash Kumaraswami

()

Level 2. Rookie
Updated on 07 Jun 2019
I had checked this in the past to include second account to CDP, unfortunately its not allowed - only one account at a time. Dividends paid by holding equities would be debited to the linked account.
About OCBC Securities iOCBC
Product NameOCBC Securities iOCBC
Stock holding typeCentral Depository Account (CDP)
FeesMinimum: $25 < $50k: 0.275% $50 to $100k: 0.22% > $100k: 0.20%
Cash Upfront OptionMinimum $18 or 0.18% whichever is higher

Types of Services OCBC Securities Provides

OCBC Securities offers a few types of services on their trading platform.

  • GIRO service offers an automatic and convenient way of debiting payment from credit sale proceeds to designated OCBC bank account.
  • Electronic payment for shares (EPS) feature where investor can conveniently pay for their Singapore shares investment at ATMs or through their iBanking account.

Types of Account Available With OCBC Securities

OCBC Securities offers various types of account, catered to the different needs of individual investor.

The types of account OCBC Securities provide are:

  • Basic Trading (Cash) Account
  • Young Investor Programme
  • Share Financing Account
  • Securities Borrowing Account
  • Leveraged FX Account
  • Futures Account
  • Equities Plus Account

Brokerage Fees & Charges of OCBC Securities

The fees and charges of OCBC Securities are as follows:

Online

  • Minimum Commission: S$25
  • Investment of S$50,000 and below: 0.275%
  • Investment of S$50,000 to S$100,000: 0.275%
  • Investment above S$100,000: 0.20%

By Phone

  • Minimum Commission: S$40
  • Investment of S$50,000 and below: 0.50%
  • Investment of S$50,000 to S$100,000: 0.40%
  • Investment above S$100,000: 0.25%

Other transaction charges:

  • Clearing fee imposed by CDP: 0.0325%
  • SGX Trading fee: 0.0075%

Contact OCBC Securities