Some may have heard about it, I have heard about it. Standard Chartered trading will be charging a minimum of $10 per transaction from 01 Aug 2016 onward. It will no longer be “No Minimum Commission”. Since having Stanchart Trading account last year, always hoping that this day will not have to come that soon. Anyway, I have yet to receive the notification letter personally though, but should be expecting it soon.

I have a deep pocket which will deposit all of my shares in The Central Depository (CDP), trades via traditional brokerage, with POEMS as my main, and iOCBC and UOB Kay Hian as my backup. This pocket is usually for those contract value with more than $9,000 and these shares are supposed to be held in CDP for the long run.
On the other hand, there is a swallow pocket, for any trades which is less than $9,000 or less …