看来这里都是大鱼，hardware zone 很多小鱼讨论热烈 firstly, the tel no. given on the promo site - 1800 747 700 - is NOT the no. to call it should be 1800 242 5333 1st operator gave me the run-around, promising the trading side will call me back... its been 1hr.. no call back... 2nd operator gave me the correct no. to call...
this is what i got; ************************************************************ The min. comm. is an ongoing thing... its not a promo.. the promo is the 2 free trades
The custodian of your shares is confirm - SCB will keep your shares there's no custodian fees but if u prefer to move your shares to CDP, u can request SCB to do so and they'll arrange it - again, no fees for this ************************************************************
standarchart marketing promotion is always using low commission to first attract a base, then slowly normalised into market rate.
im not surprised if they decide to remove this minimun commission after 1 year like how they adjust their saver account interest rate after a certain period.
if there is no minimun commission + no custody fee, what will they earn from? what is the gimmick?
still prefer the citibank 0.15% cash upfront
------------
Questions I asked to my (1 year experience) officer for account opening.
Q1. Can i make shares payment using another bank and leave my SCB saving account $0?
Officer answer : No. You need to use SCB.
(I suspect they may not give a trading limit. Why is there no request of your montly salary statement or CPF statement? So whatever amount you have in SCB determine what you can trade? My dmg account have a trading limit and anything above limit, I have to kept a deposit with them. But it allow me to pay using another bank like OCBC even though it is link to DBS.)
Q2. So it will link to my CDP account?
Officer answer : Hmm...I don't know.
(I suspect if there is a possiblity SCB will buy the shares on behalf and keep it on the behalf of CDP. I hope not. That's mean SCB being the direct purchaser? Shares should be held directly with CDP and SCB being the broker only.
---------- 1. The account in offer is a pre-paid account with no contra permitted;
2. The rate of 0.18% is only offered to accounts with $200K or more deposited with the Bank;
3. Shares under this account are kept under Standard Chartered Bank’s Nominees. Clients who subsequently wish to close the account or change brokers will incur transfer charges to transfer the shares to CDP.
4. The platform offered to this account is purely DIY online trading platform with no personalized services.
------- it is direct to SGX market... when u queue, u r queue in SGX. it is like other brokerage film just that your shares is place in SCB and not CDP.
SCB is not market maker or DMA
--- they dont combine. anyway they don't charge min comission fee...
all order are total cost * 0.2%
------------ applied for my account since 17th June 2011, till now my online trading account had not been activated. Called SCB numerous times and every time they will tell me due to overwhelming responses from the public the account opening will take some time. But seriously? Almost one month. Think i will close my e$avers afterall and go with POEMS... SCB is just inefficient..
范富
看来这里都是大鱼，hardware zone 很多小鱼讨论热烈
firstly, the tel no. given on the promo site - 1800 747 700 - is NOT the no. to call
it should be 1800 242 5333
1st operator gave me the run-around, promising the trading side will call me back... its been 1hr.. no call back...
2nd operator gave me the correct no. to call...
this is what i got;
************************************************************
The min. comm. is an ongoing thing... its not a promo..
the promo is the 2 free trades
The custodian of your shares is confirm - SCB will keep your shares
there's no custodian fees
but if u prefer to move your shares to CDP, u can request SCB to do so and they'll arrange it - again, no fees for this
************************************************************
standarchart marketing promotion is always using low commission to first attract a base, then slowly normalised into market rate.
im not surprised if they decide to remove this minimun commission after 1 year like how they adjust their saver account interest rate after a certain period.
if there is no minimun commission + no custody fee, what will they earn from? what is the gimmick?
still prefer the citibank 0.15% cash upfront
------------
Questions I asked to my (1 year experience) officer for account opening.
Q1. Can i make shares payment using another bank and leave my SCB saving account $0?
Officer answer : No. You need to use SCB.
(I suspect they may not give a trading limit. Why is there no request of your montly salary statement or CPF statement? So whatever amount you have in SCB determine what you can trade? My dmg account have a trading limit and anything above limit, I have to kept a deposit with them. But it allow me to pay using another bank like OCBC even though it is link to DBS.)
Q2. So it will link to my CDP account?
Officer answer : Hmm...I don't know.
(I suspect if there is a possiblity SCB will buy the shares on behalf and keep it on the behalf of CDP. I hope not. That's mean SCB being the direct purchaser? Shares should be held directly with CDP and SCB being the broker only.
----------
1. The account in offer is a pre-paid account with no contra permitted;
2. The rate of 0.18% is only offered to accounts with $200K or more deposited with the Bank;
3. Shares under this account are kept under Standard Chartered Bank’s Nominees. Clients who subsequently wish to close the account or change brokers will incur transfer charges to transfer the shares to CDP.
4. The platform offered to this account is purely DIY online trading platform with no personalized services.
-------
it is direct to SGX market... when u queue, u r queue in SGX. it is like other brokerage film just that your shares is place in SCB and not CDP.
SCB is not market maker or DMA
---
they dont combine. anyway they don't charge min comission fee...
all order are total cost * 0.2%
------------
applied for my account since 17th June 2011, till now my online trading account had not been activated. Called SCB numerous times and every time they will tell me due to overwhelming responses from the public the account opening will take some time. But seriously? Almost one month. Think i will close my e$avers afterall and go with POEMS... SCB is just inefficient..