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4.2
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Standard Chartered Online Trading
Standard Chartered Online Trading
4.2
13 reviews
Reviews (13)
4.2
Reviews (13)
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- Updated on 21 Feb 2018Started with SC 5 years ago when they have no minimum commission. It was great until they changed to have minimum $10 commission in 2016. To be fair, all brokerages have a minimum too, and some as high as $25. Now $10 is the benchmark. If you are a Priority customer (having $200,000 total assets) with SC, then congrats you have the no minimum commission, and a slightly lower 0.18% (for SGX) commission. Yet, the 0.2% commission for regular customer is still the lowest among local brokerages. Though they are custodian, they don't charge for any corporate announcements. Website & App is pretty clean, but room for improvements. My preferred brokerage.0 comments1
- Updated on 20 Feb 2018Personally trade on SCB platform. Havent done much, only a few trades. Started out by opening an account with SCB at the bank. The person that attended to me was very nice, professional. She answered all my questions clearly. Although it would be better if there were some essential information given to me.. maybe like a handbook or something. LOL i that time just start so a lot things don't know. Then also the paper works i signed i didnt have a copy of it ): .. I also forget to request a photocopy of it. Don't know if its SOP. But the opening of account is really fast. My SCB account opened faster than my another account by a week. It takes if im not wrong approx 1 ~ 2 weeks to open sc trading acc. My experience with their customer service is pretty good. SCB is my first platform, so naturally a lot of things I don't know. Especially how to use their platforms, understanding different words means what, how they derive their profit & loss in my portfolio etc. A lot of things I don't know uh, damn confused at the start. Made me lose $20 .. ): Then I called their trading hotline. My experience: 1: They pick up damn fast. Like literally 0 waiting time. 2: The customer service personnel was very patient with my questions. Answered them diligently and clearly. I ask a lot like those simple questions, then they not impatient. 3: There were questions they couldn't answer and said that it has to be referred to the technical department. And will call me back. Next day or 2 days later got 2 calls. One from the original personnel attending to my question, the other was from the technical department. Both clarified my questions. Walk into any Stand chart bank. tell them u wanna open a trading account. they'll do everything for you. Note that SCB are the custodian of your shares. So unlike UOBkh / dbs vickers etc, your shares arent put into your CDP acc. SCB also requires you to open an esavers account with a minimum maintanece of 1k inside the account. if not they charge u $5 every month.. :( cb.. Then got account liao can use their platform to buy or sell shares lor! But like need transfer money into sc securities then got money then can trade. then earnings or loss go back securities. then around 3 working days the money can put inside your savings account. bla bla . u walk into any SCB they explain in detail for you. Overall experience was pleasant with SCB. And also trade with them cause fees low. hehe. i poor. no money. P.S. Would be nice if they would revert back to their own ways.. no minimum fee0 comments1
- Posted 3w agoVery much improved user interface compared to years ago. SCB is really making an effort to compete with other brokerages. No custodian fees. Shares are NOT kept in CDP. Low brokerage fees. Access to most overseas markets However, foreign exchange rate is not very good. Good watchlist and price quote interface. Able to see buying power, portfolio and stock info.0 comments0
- Updated on 06 Mar 2019Been using since 2015. No problems so far with SC. Cheaper fees. Simple trades for simple retail investors.0 comments0
- Updated on 08 Feb 2019Started with SC a couple of years back when they have no min commission, till they charged the min $10 comm or 0.2% of the transaction value (whichever is higher). Painful, but other brokerages have min comms too, so it was a good run while it lasted. Still using it till now as the I've been using it for so long and the interface suits my needs. Take note that your stocks will be held in a custodian account and not your CDP.0 comments0
- Updated on 29 Aug 2018Set up this account when there was no fees in the beginning. I didn't care if it's custodian - what matters is I earn the money from investments! When they introduced fees later on I thought of switching - because the old interface wasn't user friendly. But switching is a chore (so choose your service provider wisely). Then after that they improved the interface - had to re-learn how to use the portal. However, it's worthwhile - I loved the new interface after getting used to it. Very easy to see the data that I'm looking for, and the search function for the stock works. But don't rely on this brokerage to recommend shares - it doesn't! Very neutral platform, so do your research elsewhere.0 comments0
- Updated on 15 Aug 2018SC Trading account, very troublesome interns of signing up as you have to go down to a branch and sign forms? Thank God i worked near a SC branch, however going down several times after signing up to sign more forms were very bothersome. Was wondering if any banks allow scanned copies of forms? Overall, nice place but still not up to par with the rest! Could use some awareness with roadshows etc etc0 comments0
- Updated on 10 Jul 2018If one is OK with custodian holding, sc is highly recommended because it has the lowest commission cross buy/sell trade. Rather slow mobile brokerage app though0 comments0
Questions (5)
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Investments
Stocks
Standard Chartered Online Trading
DBS Vickers Securities
Tay WenHao
Level 4. Prodigy
Answered on 01 May 2019
Im using DBS Vickers and from what I know its directly transferred to CDP account. Not held by 'custodian' aka DBS
SAXO Capital Markets
Standard Chartered Online Trading
Brokerages
Online Brokerages
Investments
Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
Level 6. Master
Answered on 22 Mar 2019
Saxo is pretty good for US market but they charge 0.12% custody fees. SCB can invest in more markets if you want to invest in more foreign stocks and not just US stocks.
Standard Chartered Online Trading
DBS Vickers Securities
Stocks
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Updated on 07 Jun 2019
Before you even start day trading, how confident are you of your strategy? Won't be easy especially if you are new to trading in general. You may want to find a way to practice your strategy using a demo account first or on good old pen and paper to see if there's a high success rate before going in live.
Standard Chartered Online Trading
Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
Level 6. Master
Updated 4w ago
Brokerage fees when you buy or sell a stock
Standard Chartered Online Trading
Investments
Gabriel Tham
Top Contributor (Jun)
Level 8. Wizard
Updated on 07 Jun 2019
1. Need a normal saving account with bank, in SGD or any currency u prefer. 2. Yes securities and settlement account is for their brokerage. Cos the shares is kept by them. This is how u buy from SCB. First u transfer cash from saving account to settlement account for USD or GBP (cos u buying the ETF in that currency) Then u go into brokerage to buy. It will deduct the cash from the settlement account. Then u check the securities account can see your portfolio holdings after few days.
About Standard Chartered Online Trading
| Product Name | Standard Chartered Online Trading |
|---|---|
| Stock holding type | Custodian |
| Fees | Minimum: $10 < %50k: 0.20% $50 to $100k: 0.20% > $100k: 0.20% |
| Cash Upfront Option | Not available |
Brokerage fees and charges of Standard Chartered Trading
The fees and charges of Standard Chartered Trading are as follows:
Online
- Minimum Commission: S$10
- Investment of S$50,000 and below: 0.20%
- Investment of S$50,000 to S$100,000: 0.20%
- Investment above S$100,000: 0.20%
Contact Standard Chartered Trading
- Standard Chartered Trading: 1800 747 7000