Standard Chartered Online Trading Reviews and Comparison - Seedly
 

Standard Chartered Online Trading

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  • Reviews (21)
  • Questions (9)
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Online Brokerages/Standard Chartered Online Trading

Standard Chartered Online

$10
TRADING FEES
0.20%
MINIMUM FEE
Custodian
STOCK HOLDING TYPE

    Standard Chartered Online

    $10
    TRADING FEES
    0.20%
    MINIMUM FEE
    Custodian
    STOCK HOLDING TYPE

Details

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
Read More about Standard Chartered Online Trading
Reviews (21)

4.1

21 Reviews

  • 5
    7
  • 4
    11
  • 3
    2
  • 2
    0
  • 1
    1

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fee custodian

user friendly

trading account

minimum fee

dividend handling

trade fees

minimum commission

user interface

minimum high

custodian charge

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  • Updated 2w ago

    Purchased

    Standard Chartered Online

    I use SCB to buy IWDA from LSE. I think the biggest problem I have is the forex spread is very high at 0.4%. and the minimum fees of $10 is hurting me to do monthly DCA. Hence I'm considering to move to another broker with tighter spread and lower fees.
    0 comments
    0
  • Posted on 16 Dec 2019

    Purchased

    Standard Chartered Online

    Cheapest in Singapore for trading amount below $10,000. Mobile interface is decent and easy to use. Privilege user can get a cheaper cost. Not the fastest transaction speed though.
    0 comments
    0
  • Posted on 07 Dec 2019

    Purchased

    Standard Chartered Online

    Just need to go down to one of their physical branch and apply. Relatively fuss-free. the cons of using it is the so-so forex rate when you convert from one settlement account to another one denominated in a different currencies. Reasonable trading fees, no custodian & dividend handling charges which is the main reason i use SCB for foreign stocks
    0 comments
    0
  • Posted on 03 Dec 2019

    Purchased

    Standard Chartered Online

    It is probably the cheapest platform when I started trading 8yrs ago, which very Low minimum fees. These days, I Guess the incentives is lower for SCB trading, I will have to say the mobile app is still not very user friendly, so I still uses laptop for the easier viewing.
    0 comments
    0
  • Posted on 03 Dec 2019

    Purchased

    Standard Chartered Online

    One of the lowest costs brokerage available, especially with priority banking, and provide access to a wide range of markets including US, HK, etc.
    0 comments
    0
Questions (9)

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Online Brokerages

Comparison

Stocks Discussion

Investments

NYSE (New York Stock Exchange)

S&P 500 Index

ETF

Standard Chartered

Standard Chartered Online Trading

Interactive Brokers

Bjorn Ng
Bjorn Ng
Top Contributor

Top Contributor (Dec)

Level 9. God of Wisdom
Answered 1w ago
I recommend Interactive Brokers! One of the most competitive fees out there which allows you to trade in many markets, with super close to Google exchange spread. SCB fees and exchange spread alone is pretty steep.. However, if you are looking at TD, do take note that it does not cover LSE!

Standard Chartered Online Trading

Investments

Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered 2w ago
Minimum commission is $10. No custodian fees. No hidden fees. Optimal amount to buy depends on your capital. Ideally, to make sure the minimum commission is as low a percentage of your capital.

Investments

Standard Chartered Online Trading

Standard Chartered

Interactive Broker is very cheap, with the lowest fee in the world (probably) and the widest range of products. They are known as mass-market stock brokers. If you are doing only $1000 a month, it can still be cheaper in IB despite the $10 monthly fee by IB, if your stock is bought in overseas currency. This is because IB's forex rate is hugely cheaper than Standard Chartered Bank or any other banks. You're saving quite a big difference on the forex. Plus, not sure abt SCB, but most stockbrokers or banks charge fees for stock dividends management and other crap fees. Interactive Brokers does not.

ETF

Standard Chartered Online Trading

Investments

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 27 Jul 2019
Commission FX conversion I don't think SCB charges custodian fees.

Investments

Standard Chartered Online Trading

DBS Vickers Securities

Stocks Discussion

Tay WenHao
Tay WenHao
Level 6. Master
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

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 Discussion

Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 8. Wizard
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

Standard Chartered

Brokerage fees when you buy or sell a stock

Standard Chartered Online Trading

Investments

Standard Chartered

S&P 500 Index

Gabriel Tham
Gabriel Tham
Level 9. God of Wisdom
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.

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