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Reviews (13)
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Reviews (13)
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- Posted on 01 Jul 2019Very 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
- Updated on 10 Jul 2018Pro No dividend handling fee,no custodian fee Cons Exchange rate is not that nice,user interface is not user friendly0 comments0
- Updated on 09 Jun 2018Used to have this trading account but have stopped using it due to the website being unstable and slow in loading at times.0 comments0
Questions (6)
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ETF
Standard Chartered Online Trading
Investments
Harvey Tan![]()
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Level 5. Genius
Answered on 27 Jul 2019
Commission FX conversion I don't think SCB charges custodian fees.
Investments
Stocks
Standard Chartered Online Trading
DBS Vickers Securities
Tay WenHao![]()
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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
Top Contributor (Mar)
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
Top Contributor (Feb)
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
Top Contributor (Mar)
Level 6. Master
Updated on 26 Jun 2019
Brokerage fees when you buy or sell a stock
Standard Chartered Online Trading
Investments
Gabriel Tham
Top Contributor (Aug)
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