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Standard Chartered Online Trading

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  • Reviews (40)
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Online Brokerages/Standard Chartered Online Trading
Online Brokerages/Standard Chartered Online Trading
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USER RATINGS

Customer Support

3.1

User Experience

3.1

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

Standard Chartered Trading Review 2021

SCB Trading is an online brokerage and trading platform by Standard Chartered Bank. SCB Trading offers Cash Upfront Trading account at S$10 minimum commission, and fees of 0.18% to 0.20% depending on the amount invested.

Read More about Standard Chartered Online Trading
Reviews (40)

3.5

40 Reviews

  • 5
    9
  • 4
    17
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    Most HelpfulMost RecentLow to HighHigh to Low
      Posted 01 Sep 2021

      Purchased

      Standard Chartered Online Trading

      No minimum fees if have a Priority account (which is not difficult to get). Have found customer service through both RM and general chat very fast and efficient. Still not the lowest fees around but reliable and I use for most foreign investments. Wouldn't recommend any of the banks for frequent trading due to the fees, but for long term investments the trading fees are less important and they seem to have the best fees of the banks with no custody fees on foreign stocks.

      0

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      05 Jul 2021

      Purchased

      Standard Chartered Online Trading

      Terrible customer service. I once had a problem, email them via the app or something and got a reply in 1/2 months later. I kid you not. Terible FX rate. Great app, easy to use. The only good thing is theres no custodian fees.

      0

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      21 Jun 2021

      Purchased

      Standard Chartered Online Trading

      Have used it since I first started investing. So far no issues with the app or web platform. However, no comparison to other platforms so far.

      0

      What are your thoughts?

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      09 Nov 2020

      Purchased

      Standard Chartered Online Trading

      TL;DR: they have "Standard" in their name but actually bo standard. I'm leaving once my TD Ameritrade acc is set up. [Commission Rates] At a flat rate of 10.70 USD for buy AND sell, it's definitely competitive. Only because we have a lack of comms free trading platforms in SG and I don't like that Saxo charges a custodian fee as I'm a buy and hold long term kind of investor. [User Interface] Bad. When I try to navigate to the trading platform after logging into the banking platform, I get logged out 8/10 times. Frustrating. Incognito mode does nothing to help. You really just need to close your eyes and pray that it works. Then when you get to the platform, it looks ugly AF. Sigh. The app is decent. Sometimes I get so frustrated with the website I just place my orders via the app. At least I don't get logged out randomly. [Customer Service] Called them up 5 mins ago because post the AAPL stock split, the new average price is not reflected correctly. Called the 1800 number for online trading helpline, but was told by the CS agent that she's from personal banking and she can't help me. I was confused and asked if I called the right number and she said yes, but when the lines are overwhelmed, it will automatically get routed to the PB dept. Pros: you get to speak to an agent instead of holding forever. Cons: your problem can't be resolved. Asked for an email address in case I miss the call and there's no email address for us to send our queries too. I came here to write this review and found the solution to my problem, posted by another user. Guess self service is more efficient than getting them to solve my problem.

      1

      For those who are facing the same issues, I'm gonna copy and paste the solution posted by another user below so you don't need to scroll down.

      "Hi i called and asked need to manually change. so after logging in, scroll to the right of your securities page and press details. when at that page got 2 lists which indicate the pre and post stock split. Input the number 0 on the price than tick the box before saving."

      What are your thoughts?

      Reply

      09 Oct 2020

      Purchased

      Standard Chartered Online Trading

      [Commission Rates] Pretty expensive, many other cheaper alternatives like Saxo or TD Ameritrade. [Products Offered] Limited, doesn't have options [User Interface] Not very nice interface, Other platforms offer much more without subscribing for premium access

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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 Online Trading

      The fees and charges of Standard Chartered Trading are as follows:

      • 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%

      Apply for Standard Chartered Trading Account

      • Standard Chartered Trading: 1800 747 7000
      • Visit Standard Chartered Trading website for more details

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

      Contact us at [email protected]should you require any assistance or spot any inaccuracies.

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