HardwareZone Forum Insider on Facebook. Last updated March How to buy stocks in Singapore or always wondered how to buy stocks in Singapore? Start here to get an overall picture of how the Singapore stock market works, from opening your first brokerage account to buying your first stock and more.
So now you want to open a Stock Trading account in Singapore BUT you have no idea which is the Best Stock Broker in Singapore or what are the available brokerage in singapore, please read on. If you would like to open an account, accounts can be opened in various ways, you can contact a trading representative to send u the forms, or you can drop by the office of your brokerage, or you can download the forms and mail back or some brokerage actually offer online link to open a trading account via the website, and so you can open a brokerage account online or on your mobile phone but first, you may want to take a look at the below comparison among all singapore stock brokerages in term of their platform interface, account opening methods, tools, services and their office address to make a better choice?
In order to help investors select and choosing the best broker for trading singapore stocks, I have drafted a list of brokers with their fees and details on table. Thanks to various promotions, online discount stock brokers are always trying to entice new customers, or lure them from existing brokers.
Here are all the current stock broker promotions currently available, with links to various promotion pages. When brokers update their offers, i will update this page too Below is the most updated list of brokerages bonuses, deals, and promotions http: Before you can start trading, you will need 2 accounts: To open a CDP account, you will need to be 18 years of age and must not be an undischarged bankrupt.
The brokerage account allows you to trade shares in the stock market. Both these accounts have to be linked before you can start trading. If you already have a CDP account xxxx-xxxx you can actually skip the belows text and scroll down to the next few posts to find up more information of the brokerage house, like address, platform look, commission fee and services offered.
For example, if a cheque is sent to you promptly after due date i. As cheques takes a day to clear, your funds will be available on the four days after due date i. Under EPS, you have access to your funds on the morning of the second day after due date i. Payment will be credited into your designated bank account for your sales of shares or specifically from you to us from your designated bank account for shares bought.
You need not worry about your shares bought being force sold due to misplaced cheques or cheques lost in the mail. With EPS Purchase , we will receive your payment on the market day after you initiated payment. Last edited by Sinkie; at Client Services Dept Contact Number: Singapore Office for mailing in: Get Started Online http: All you need is a computer with a web browser and internet access, and you can start trading online instantly. ShareXplorer However you look at it, the strength of a company plays an essential role in the performance of its stock.
Pore through its news reports and also learn what analysts agree on its outlook. With the ShareXplorer, you're sure to find a winner. TechAnalyzer An effective technical analysis tool, our TechAnalyzer supplies you with strategies, patterns, indicators and annotation features to help you with your analysis of market movements, enabling you to either: ChartGenie ChartGenie is our latest addition to our technical analysis tool which performs live scans of your watchlists and portfolios, as well as the entire market SGX and Bursa.
Using 10 effective and commonly used technical signals, this scan detects and alerts you on actionable trading ideas to help you indentify trends for your next trading decision.
Profiting just became easier. Control over your portfolio Track your cash, margin and share borrowing portfolio View counterparty, trading history and trust balances Receive trade confirmations and alerts via email or on your mobile devices Trade and settle in choice currency Customised watchlists to monitor the latest stock movements of your favourite counters Trading tools let you chart securities and view in-depth price movements Calculate your entry and exit profitability for local and overseas securities using our trade calculator Safe and secure trading End-to-end security encryption Get added security with foreign securities kept with an established global custodian To open an OCBC Accounts pls download, print and fill in the forms below and then mail back.
Learn more about its features and functionalities through our online tutorials and webinar sessions. To open a Poem Account you can fill in the eforms below. Its main activity is stock broking and the main focus of the company is the retail market.
In line with its belief in providing a fast and convenient way for clients to trade shares Online, multiple channels are provided for clients to access its easy-to-navigate Online trading platform to check prices and trade. This includes the Mobile trading channel using mobile phones, where clients can view streaming live prices, which was added in June Subsequently in and early , it introduced iPhone, Android and iPad Apps for more convenient on-the-go trading under its Online trading brand name, limtan.
What are the benefits of trading via KE Trade? Easy log-in to your cash and margin accounts with a single User-ID and password. Trade in multiple markets around the world with the added advantage of having dynamic real-time quotes only on selected markets available on screen.
View simultaneous investment pages with our proprietary 4Site screen for optimal stock review. Do away with keying-in orders one at a time.
Withdraw up to 5 orders simultaneously with our Quick Withdrawal function. Trade online with our margin account service where you can trade up to 3.
This service and feature gives you greater flexibility to maximize investment opportunities. Receive stock alerts via web-alerts, SMS or e-mail to monitor stock movements by using different types of alert triggers - price, percentage change from intra-day price and cumulative volume. Choose to settle your trades in local or foreign currency for foreign counters.
Create and customize up to 10 watchlists to monitor the latest price movements of your favouite Singapore and foreign counters, all in a single watchlist. Manage your investment exposure with our Account Management function. You are able to view your daily trust account and custodian balances for cash accounts, as well as your stock holdings, account ledger and margin position summary for margin accounts. As an added service, the daily forex rates are also made available to you.
You can also choose to export your portfolio to MSExcel. Check your Internet trading limits, trading representative's name and contact particulars, account details, and update your personal details. Study the trend of buying and selling of a particular counter on a real-time basis with Trade Summary.
Monitor actual transactions done for a particular counter with Time and Sales. Watch a counter with Intra-day Charts which displays charts plotted on real-time basis with time and sales data. Personalize the settings of selected pagelets to your liking.
You can change the colours of the fonts and columns, organize by columns your chosen information, and change pagelet layouts to your preference. To open a KE Account You can fill in the eforms below. Powerful and user-friendly, our E-Trading platforms, incorporating various web based and mobile applications, provides all the essential tools to facilitate accurate and timely trading decisions.
AmFraser Direct Mobile Always running around and being on the move, does not mean not being able to monitor your investments and trades. With AmFraser Direct Mobile, and a smartphone, you can now execute your trades while on-the-go. To open a AmFraser Account pls download, print and fill in the forms below. Contra is the buying or selling of stocks without having to pay for the cost of the stocks. Once you buy the stocks on contra, you will have to sell the stocks after a period of time.
Before the end of that period, you will have to either pay for the contract value or sell your shares and settle the difference between your initial buying price and selling price.
Currently, the period of time offered by the local brokerages to settle your payment and pay for the difference between the initial buying and selling price is 3 days although the period of time can be extended depending on your relationship with your broker, credit record and the frequencies of trades that you carried on with the brokerage.
Contra can be dangerous when there is a sudden unexpected market movement and you do not have enough funds to pay for it. Let us consider the following case with reference to the previous examples.
What is cash upfront trading? Once settlement is complete and the stock is deposited in your CDP account, you sell via DBS Vickers or another linked brokerage account at normal trading trades. However, two firms — Saxo Bank and Standard Chartered — hold your shares in a nominee account on your behalf.
This means that the shares are legally in the name of their nominee company, although you are the beneficial owner of them. Whether nominee accounts are any less safe than holding shares in your name, as some investors believe, is debatable. Using nominee accounts is standard practice for almost all traders in most countries, but rare for local stocks in Singapore foreign stocks bought through a Singapore broker are always held in nominee.
However there are a few points to remember with a nominee account: Whether these rights are passed on to you depends on the stock broker — Standard Chartered will apparently do so. Neither Standard Chartered nor Saxo Bank charge for this service. This does not affect the Standard Chartered nominee account. Shares held in a nominee account can only be sold through that stock broker, unless first transferred out to your own CDP account.
The bank acts as a custodian to the Securities. While you remain the beneficial owner of the securities, please bear in mind the bank has certain rights over the Securities.
However, i noticed that there's some charges for shares transfers between brokerages. Hence nt v sure if my initial assumption is true. Agreed with you completely. If the broker doesn't like you he can do this. One time he freeze my account limit so I couldn't sell. I get punished when he actually made a wrong sell order. Nothing is fair in this world Don't mess around with brokers cause they can be more powerful than the Lay person. This isn't America it is Asia.
I want to trade on my own and so i don't need any broker and so can I pay a faction of the commission? I don't want a broker, can't I just key the trade myself? For beginners to sgx investment, for a start or first stage of learning , research the following; -What are the various sectors or industry? Q5 and 2nd post: Why no DBS Vickers? I would like to open a trading account Front desk Customer service: Front desk Customer service:More...