Your credit facilities may be subject to additional foreign exchange risks if they are taken in a different currency other than that of your collateral. This gives you a clear picture of the upfront costs. The new account will be opened under your individual name.
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No spam guarantee. Those were the glory days of stock trading, standard chartered online trading app Singapore had its very own answer to the Robin Hood App, by Standard Chartered no less! I was quite taken aback by the popularity of the article, with many readers commenting or reaching out to me personally to share their experiences. The rest are icing on the cake. A number of readers suggested trying to get priority banking status with Standard Chartered, as that would allow you to enjoy no minimum commission trading. Oline first criteria is actually pretty achievable if you decide to pool all your investments and deposits in Atandard Chartered. Personally for me though, I find it too much of a hassle just to enjoy the minimum commission trading.
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Set your sight on more – Start trading with our Online Trading platform
No spam guarantee. Those were the glory days of stock trading, where Singapore had its very own answer to the Robin Hood App, by Standard Chartered no less! I was quite taken aback by the popularity of the article, with many readers commenting or reaching out to me personally to share their experiences. The rest are icing on the cake. A number of readers suggested trying to get priority banking status with Standard Chartered, as that would allow you to enjoy no minimum commission trading.
The first criteria is actually pretty achievable if you decide to pool all your investments and deposits in Standard Chartered. Personally for me though, I find it too much of a hassle just to enjoy the minimum commission trading. I enjoy using DBS Multiplier and UOB One accounts for the higher interest rates, and I cannot stand using Standard Chartered to hold my Singapore shares they are nominee, not CDP based due to problems when it comes to attending AGMs, or dealing with corporate actions such as rights issues, or even small things like receiving circulars.
The other option, again suggested by many other readers, is Interactive Brokers. If you are a frequent trader that makes 10 or more trades a month, Interactive Brokers is by far the best option. Personally I am not a trader, I prefer to take longer term positions, so there is no way I make 10 trades a month. For this reason Interactive Brokers is not suitable for me. On the bright side, Saxo has a very decent online trading platform, and an app that actually works.
Financial Horse Update: Standard Chartered has completely revamped their online trading platform. The new platform no longer sucks, and it irritates me a lot less these days.
Absolutely not. Any information that I need from a stock I can easily get via Google or Yahoo Finance, and in any case, the Saxo Account provides me a ton of stock and chart information if I ever need to use it. Whatever you saved on the commission might actually go into the forex spread, depending on how frequently you trade.
Saxo has a better 50bp spread. This is still high when compared to DBS Vickers, but you do save quite significantly on the minimum commission and custodian fee when compared to DBS Vickers.
Financial Horse Update: This still remains true. Financial Horse Update: Yep this is still true. I find it ridiculous that I need to take a MAS test to certify that I am sophisticated enough to buy a broad, diversified global stock index, but I can use my CPF money to buy far more risky unit trusts without any such warnings. But oh. When I evaluate a broker, all I want is to be able to buy and sell a share, on the cheap.
That being said, Saxo does have a wealth of technical information and analyst reports, if you are into that sort of stuff. Custodian Fee — Just to update after confirming with Saxo.
Saxo does impose a 0. Standard Chartered has no custodian fee, but 10 USD minimum commission per trade, and quite poor forex spreads. I guess the way to see it is this, if you only intend to buy 2 or 3 counters at one go and hold long term without trading, DBS Vickers might be helpful. Based on my monthly statement accounts, I can confirm that there is indeed a 0.
All Financial Horse does in his free time during the week is read financial news. During the week, I post articles that I enjoyed on the Facebook Group do join if you want a sneak peakand every Sunday I will collate the links for readers. I also take the opportunity to address queries from readers, or share any thoughts that I have for the week.
If you enjoyed this post, do share your thoughts in the comments below! No matter how hard how you work, no matter how much you save, one day it will all end. Really enjoyed this article that examines the impact a yield curve inversion will have on the psychology of other investors.
Indeed, the smart researchers at Variant Perception have illustrated a number of points in a recent blog article that should give us pause. First, they note that while an inverted yield curve has preceded the last eight U. Even more interestingly, in my opinion, the Variant Perception team found that the Japanese government bond yield curve has not inverted prior to any recessions in their zero interest rate epoch after They also note that false positives have been triggered in other international markets, such as in the U.
Thus, we have again, in my opinion some strong counterarguments to the reliability of a yield curve inversion as a recession indicator for the U. My First thought was-Why the UK?? They say the sponsor is indeed working something in Europe. So lets see if they venture out of their pan-asian focus in near future with asset injection into MLT. Since the brexit referendum inlogistic rental is on uptrend good as I read residential demand compete with industrial use.
Weak pound led to inflow of fund into residential real estate to hit all time high last summer. But If it continues for next few years, its bad…. When the UK finally leave the EU in Marchthen we know if the bet will pay off…For those who are vested, stay tune!
Standard chartered online trading app article on how people who suddenly win a jackpot more often than not end up bankrupt. Financial Horse has a set of 7 Commandments for Successful Investingthat I ask myself before making every investment, and that I will never break regardless of the situation.
Enter your email below to receive a copy in your inbox! Email address:. Enjoyed this article? Like our Facebook Page for more great articles, or join the Facebook Group to continue the discussion! Thanks for pointing this. Before they introduce any custodian fees. Do you happen to know what the forex spreads are like?
Hi FH, for Saxo if you were to buy an ETF, can you choose to either receive your dividends in cash or to reinvest the dividends? I think SCB nor any of the local brokers have this fee.
What would be your advice? I actually havent traded for 6 months but they havent charged me any inactivity fee. Might be one of those that they just waive in practice. But if you select the Singapore branch at the top of the support pages, then there is no inactivity fee mentioned. Not exactly sure if this is an accidental omission for the Singapore branch, or just like that in practice. I suspect this is one of those that they reserve the right to implement, but waive it in practice.
I suppose if you are worried about it, you can just ask your customer service officer when opening the account. Does this have any tax implications for us here in Singapore and is it the same for other foreign brokerages eg Saxo.
May be best to check with IB on this one. Any answer from me would just be an educated guess, because it depends on how their accounts are legally structured. This is a really helpful post. I am looking to open a Saxo account and would be great if I could get a referral. Hi there! Thank you! It refers to a trade placed on margin borrowed money.
Hi, I am a newbie. I have been seeing you talking about forex spread in many articles. Hope you can clarify. Thank you very much! Sign in. Log into your account. Password recovery. Financial Horse Galloping towards Greener Pastures. Guide to Investing Top Weekly Reads. Weekly Updates. Hi Sinkie, Thanks for pointing this. I suppose the sweet spot for Saxo is. Can i buy stocks on LSE using Saxo? Send me a referral. PMed you separately on this! Appreciate your advise. Hope this helps.
Do u know if there are any dividend processing charges for Saxo? Hi, do you know if there are any dividend processing charges for Saxo for US stocks? How much is for corporate action fees such as dividend reinvestment. Hope this helps! Leave a Reply Cancel reply. Friends of Financial Horse. DBS Vickers.
Set your sight on more – Start trading with our Online Trading platform
Wed: AM to AM. The interest rate apl your credit facility may increase, resulting in a higher interest payment amount for the facility. Connectivity Set your sight on trading horizons that stretch from Europe to the U. Set your sight on trading horizons that stretch from Europe to the U. It is important to note that Wealth Lending can onlune magnify investment losses. For joint mandate account. SC Trading speaks to you in a friendly and easy to understand language. Sun: AM to AM. Choosing an online trading platform is sometimes like choosing a life partner. Multi-channel platform accessibility These days, we almost never leave home without our smartphone. Your available standard chartered online trading app limit under this facility will be determined based on a range of factors such as the type of financial assets you use as a security pegged together with its prevailing market value and the concentration of the financial assets within your portfolio held with the Bank. Interest rate risks The interest rate of your credit facility may increase, resulting in a higher interest payment amount for the facility. Get Started. Information Provider Standard Chartered. It has not been prepared for any particular person or class of persons and does not constitute and should not be construed as investment advice nor an investment recommendation.
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