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

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  • Reviews (33)
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Online Brokerages/Standard Chartered Online Trading
Online Brokerages/Standard Chartered Online Trading

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USER RATINGS

Customer Support

3.3

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 2020

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

Read More about Standard Chartered Online Trading
Reviews (33)

3.5

33 Reviews

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    8
  • 4
    15
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  • Updated 2w ago

    Purchased

    Standard Chartered Online Trading

    Bought apple shares before the stock split, after the 1-4 stock splits. The split wasn't reflected on my portfolio. I have to hold on to the stock and suffer the losses. Called up customer service and they said they will resolve but nothing is done.
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  • Updated on 07 Aug 2020

    Purchased

    Standard Chartered Online Trading

    Context: I only use SC Online Trading to trade in US markets [Commission Rates] For quarterly buy and hold investors, the USD 10.65 or 0.2% fees are unbeatable, however, once you start making more than 2-3 trades a month or trade more than USD10.65/0.2% = USD5325, the fees really start to add up. I usually make 2-5 trades a month, so these commissions have not been kind to me. The forex rates are pretty bad too at around 0.7%. This is one of the main reasons I no longer use SC Online Trading. [User Interface] The UI is really basic and offers delayed data by default and real-time data costs extra. So I just use another platform like Webull for charting in real-time then use SC just to trade. [Customer Service] Customer service is pretty quick though. Of the 2-3 times I had to call in to settle share transfer issues, they picked up pretty quickly and were able to solve my issues. However, I do think that they could have put their information somewhere on the site for better accessibility and visibility.
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  • Updated on 05 Aug 2020

    Purchased

    Standard Chartered Online Trading

    Set up a SCB e$aver account in order to gain access to the London Stock Exchange for purchasing IWDA. [Commission Rates] 0.25%/USD 10, whichever is higher. [User Interface] Online trading UI is not very user friendly for a first time user but it gets better after some time. [Customer Service] Only experience on this was with the branch staff at NEX. She was extremely patient and helpful in answering my queries as a first time investor looking at purchasing stocks through the SCB platform. [Market Access] SGX, LSE, HKEX, NYSE, etc. [Others] Chose SCB over Interactive Brokers for now as I do not have total asset value of >USD100000 and do not want to be incurring a USD10 monthly fee. SCB does not have custodian costs as well so that is a plus. FX spreads for USD/SGD are typically between 0.4% - 0.6%.
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  • Updated on 05 Aug 2020

    Purchased

    Standard Chartered Online Trading

    [Commission Rates] Hides behind supposed low commission rates of $10 at 0.25% but in actual fact rips you off with horrendous FX spreads of atleast 0.8%. This means for every trade of example $4k, you pay $10 for comms fee and lose another $32 in FX costs. Do yourself a favor and go to IBKR, even with the monthly US$10 maintenance fee, its still better. IBKR charges 0.05% comms fee and charges close to FX spot rates (like google fx conversion) [Customer Service] Worst of its kind. You can send them an email and not get any reply in 2 weeks. [Securities Transfer] If and when you decide to move your holdings to another brokerage, you can't because of their inflexible nominee structure that prevents you from doing that. STAY AWAY!
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  • Updated on 08 Jul 2020

    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.
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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!