- Once you buy shares from SCB, your shares will be kept by them and you must use SCB trading platform for all your trades. (I think you can transfer your shares out from SCB to your CDP account but may require a fee)
- No options trading (thanks to reader Gary). I would believe this also means no short selling or warrants too because you will need to have cash prior to any trade.
- No plans to to buy any shares unless the market plunge 20-30%.
The top five articles in June are:
Standard Chartered Bank Singapore- NO MINIMUM BROKERAGE FEES!
Standand Chartered Online Trading Account
8 Singapore Stocks to watch during a bear market
Sometimes it’s better to be “stupid” and “wrong”
To Pay Or Not To Pay
SCB no minimum brokerage fees has been the top news this month and I know of several people who has already make the switch. I just receive news from POEMS that my brokerage team has been reorganized to serve me better and I even got a call from a broker in OCBC asking me to open an account with them. It seems like rival brokerage firms are feeling the heat!
I'm still in no hurry to switch because:
Derek,
What a pleasant surprise!
Thanks for kind reference and allowing me to have some fun in your blog ;)
Hi Jared,
It’s my pleasure. :)