Standard Chartered Online Trading Reviews and Comparison - Seedly
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Standard Chartered Online Trading

  • Overview
  • Reviews (29)
  • Questions (0)
  • More Details

Standard Chartered Online Trading

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

    Standard Chartered Online Trading

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

Details

SCB Trading is an online brokerage and trading platform by Standard Chartered Bank.

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%

Read More about Standard Chartered Online Trading
Reviews (29)

3.8

29 Reviews

  • 5
    8
  • 4
    14
  • 3
    3
  • 2
    0
  • 1
    4

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Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 2w ago

    Purchased

    Standard Chartered Online Trading

    [User Interface] Simple user interface. Would recommend if you're looking for an easy to use and understand brokerage. The only draw-back I feel is the exchange rates when you convert SGD into USD. However, if you're looking for a brokerage with lots of charts and analysis, this is not the brokerage to go with.
    0 comments
    0
  • Updated 4w ago

    Purchased

    Standard Chartered Online Trading

    I decided to switch my trading account to stanC and have been very satisfied. Account opening process was very seamless and I can trade in most G7 currencies - US, Europe, JP, HK. - for US stocks the brokerage is very Low as compared to previous Brokers I have used - no demat fees for holding of foreign shares (US) except ADRs which is also very little (used to be 2$ per stock per month with OSPL) - Foreign currency dividends post tax are directly credited to your account without any service charge (10USD) for my previous broker (OSPL) - I get online Alerts for all corporate actions on foreign currency stocks in addition to standard buy/sell and other alerts
    0 comments
    0
  • Updated on 08 Jun 2020

    Purchased

    Standard Chartered Online Trading

    [Customer Service] Hotline wont be available in the day, do call in the night and they pick up really quickly. [Commission Rates] Alright commission rate BUT if you are doing overseas stocks..... the foreign exchange spread will scare you away and eat into your profits. [User Interface] Simple for beginners but advance traders would think it's not enough for sure. [Market Access] Do not understand why most of the things still need hardcopy and you have to go down to pass it to them, eg. opening another currency account.
    2 comments
    0
    hoshi

    3w ago

    Noted on the exchange rate for foreign exchange, are you still using SC or do you have other brokers to recommend, personally use?
    Sharon Lee
    Sharon Lee

    3w ago

    Currently using tigerbrokers, would recommend IBKR if you are trading frequent
  • Updated on 19 May 2020

    Purchased

    Standard Chartered Online Trading

    I have been using SC trading since more than 5 years. It has a lot of flaws but nothing too significant. The recent conversion of corporate actions online has broken the website. I miss nearly 70% of the corporate actions because they have stopped sending letters and they don't show up on the online platform as well. Calling them for every corporate action is an absolute headache. The SIA Rights issue is a great example where I had to stay in the waiting line for 1.5 hours and then the customer agent just disconnects within 10 seconds so you have to start with the waiting process again. Another issue with SC is the poor banking service. I have to visit the branch for some of their services and they have such limited branches and ATMs. Most of those services can be done remotely with other banks in Singapore. The only reason to use the website is the low minimum charges for Equity transactions. However, other platforms like FSM have also started offering that so it is not a strong enough reason to stick with standard chartered.
    0 comments
    1
  • Updated on 21 Apr 2020

    Purchased

    Standard Chartered Online Trading

    My horror story to this is that a few years back I bought a stock though them. And when I wanted to sell off my position, I could not place the order on the platform so I called in to sell it off. The bank then took 1.5 weeks to reach the conclusion that they can't place my order (not even manually) as they don't have access to this segment on XETRA. After 1.5 weeks the only possible option offered is for me to sign up with another broker that can place the order and they would transfer the stock so I can liquidate my position. An absolute joke this bank. I recommend everyone to stay away from Standard Chartered Bank.
    0 comments
    0
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Types of services Standard Chartered Trading provides

  • SCB Priority Banking customers do not require a minimum-transaction brokerage fees and no custody fees for all transactions
  • Competitive low brokerage fees from 0.18% for priority clients
  • ETF (Exchange Traded Funds) selector tool to help filter ETFs available for online trading.
  • Stock analysis tools to help analyse market movements and identify the market entry or exit points.
  • Profit and loss calculator to provide clarity on fees and charges on trading transactions
  • A Stop Loss order option, where it will automatically sell a security when it reaches your pre-determined price.
  • Multi-channel platform allows trading on any web-enabled devices, tablets, and mobile devices.

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

For more info, you can check out Seedly’s Ultimate Cheatsheet for Cheapest Stock Trading/ Brokerage House in Singapore!