How to Open a Stock Trading account in Singapore-Updated 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.

Comparing Stock Brokers Platforms CIMB Securities vs DBSV http: 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: The event, an annual affair, was organised by Securities Investors Association Singapore SIAS , it said in a statement today.

Before you can start trading, you will need 2 accounts: A A securities account with The Central Depository Pte Ltd CDP which is only opened once The Central Depository Pte Ltd CDP account is for the settlement of trades. To open a CDP account, you will need to be 18 years of age and must not be an undischarged bankrupt. A brokerage account with a stockbroking member of SGX-ST. The brokerage account allows you to trade shares in the stock market.

How To Buy Foreign Stocks In Singapore

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.

Frequently-Asked Questions on Electronic Payment for Shares EPS What are the benefits of this service? 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. Also, payment may be made through the ATM with EPS facility after office hours.

Last edited by Sinkie; at Client Services Dept Contact Number: DBS Vickers Online Trading Address: Singapore Office for mailing in: DBS Vickers Securities Singapore Pte Ltd 12 Marina Boulevard Marina Bay Financial Centre Tower 3 Singapore Singapore Customer Centre: DBS Vickers Online Trading - Open Account: Get Started Online http: UTRADE brought to you by UOB Kay Hian Address: UTRADE Web The stock markets in Singapore, Malaysia, Hong Kong and United States are merely a few clicks away.

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.

Introducing the ShareXplorer, a brand new fundamental analysis tool in UTRADE Web. 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. To open a UOBKH Accounts please contact them at UTRADE brought to you by UOB Kay Hian IOCBC Securities URL: Existing OCBC Online Banking customers can also trade via iOCBC simply by linking your online trading accounts to your online banking account.

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.

Online Stock and Share Trading-POEMS Address: 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. Online Stock Trading Singapore - KE Trade Address: Customer Service Centres 50 North Canal Road Singapore Opening Hours Mon to Fri except Public Holidays: 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.

Online Trading – Standard Chartered Singapore

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.

28 May 2017 - Technical Analysis // SG Stocks

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. Use the ever popular Market Depth which displays the SGX-ST ready market of up to 20 levels of bid and offer prices Market Depth is a subscription-based service for SGX-ST counters. 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.

Maybank Kim Eng - Account Opening Citibank trading URL: RHB Securities Singapore Pte. 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. To open a RHB Securities Account pls download, print and fill in the forms below.

AmFraser Direct Online Monitor your investments and trades in Singapore, Malaysia and US stock exchanges conveniently in real time, right behind your laptop with AmFraser Direct Online. 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.

UK trade

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. Singapore Online and Telephone Brokerage Account Comparison Table Main Difference between Standard Chartered Trading Account and DBS iBanking cash upfront trades.

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. For more information, please refer to Part E of the Investment Product Terms available HERE. 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: We have giro, eps and also multi currency trust.

We accept eps via banks like POSB, DBS, Ocbc UOB, Cimb. Once your account is opened, the dealer assigned to you will contact you" You: You may be asked to place an initial deposit and this deposit will save as collateral for assignment of trading limits.

For young investors, you are required to place an initial deposit. Does anyone know what is the initial deposit required for Philips? Is there any cost involved at all in opening a CDP, Philips Cash Management account and Poems account at the same time? The poems website doesn't explicitly say anything about fees for general users who are not under 18 or nsfs, so I'm a bit unsure.

Thread Tools Show Printable Version Email this Page. Compare full range promo here. LinkBack LinkBack URL About LinkBacks. Page 1 of How to Open a Stock Trading account in Singapore-Updated Last updated March How to buy stocks in Singapore or always wondered how to buy stocks in Singapore? CIMB Securities Pte Ltd Runner-Up: Maybank Kim Eng Securities Pte Ltd Merit: Phillip Securities Pte Ltd Past Winner Best Retail Broker Award Winner: Maybank Kim Eng Securities Pte Ltd Runner-Up: Phillip Securities Pte Ltd Merit: OCBC Securities Pte Ltd https: Phillip Securities Pte Ltd Runner-Up: UOB Kay Hian Pte Ltd Merit: OCBC Securities Pte Ltd Merit: UOB Kay Hian Pte Ltd https: If you do not have a cdp , you may want to read on the necessary details on how to set up your first brokerage account in Singapore Spoiler!

Do i really have to go SGX to open my CDP account? Can the stockbroking firm opens the CDP account for me too? Yes, the stockbroking firm can also open a CDP account for you and therefore it is not a must to go to CDP center first before going to a stockbroking firm to open your first trade brokerage account. Do i have to open one CDP securities account with every stockbroking account that i want to have?

No, you only need one CDP securities account, but you are free to open trading accounts with multiple stockbroking houses. Each stockbroking houses will link up your trading account to your CDP securities account xxxx-xxxx. What are the list of stockbroking firms in Singapore that you can open a cash trading account with? No, owning a dbs bank deposit saving account only allow easy share payment and does not means you will automatically have a dbs-vicker brokerage trading account, likewise owning a ocbc bank saving account does not means you will have a ocbc securities trading account too.

I have a posb saving account, i do not want to open another bank account, so do i have to open a new cimb bank saving account just because i want to open a cimb securities brokerage account? If your saving account is with posb, you can still use the posb saving account to pay for shares that are bought with a cimb securities brokerage account so it is not necessary to open a new cimb bank account just to open a cimb securities brokerage account.

All brokerages firms will allow major bank saving accounts for eps linkage For example, Cimb securities allows linkage for all major local banks like dbs, citi, ocbc or even uob saving accounts for eps payment mode.

So do not be restricted by the choice of your trading account by your personal Saving account Q9. Who can apply for a Trading Account?

You must be at least 18 years old, not an undischarged bankrupt with no delinquent records with any stockbroking houses in Singapore. Foreigners may be required to open a Trust Account for settlement of shares transactions.

For investors who are between the age of 18 and 20, you will be classified as young investor. Which brokerage firms in Singapore has special events or programs catered to Young Investors from age 18 to Subject to completeness and approval of your account application, it will take 2 to 3 working days to activate your account application.

You will be notified in writing of your Cash Trading Account number. You can start to transact in securities listed on the Singapore Exchange Ltd upon confirmation of linkage approval of your Cash Trading Account to your Securities Account maintained with the CDP. Any transactions executed via your Cash Trading Account prior to linkage approval may result in failed trade and losses. Once I have a CDP Securities Account and a trading account with a broker, how do I buy shares?

Tell your broker what shares you want to buy. Your broker will execute your order and handle all other details. What is the payment mode for shares purchase or sales in Singapore - Electronic Payment for Shares EPS , Giro, Multi Trust, internet banking Quote: I dont have a CDP account, but i have a standard chartered trading account, how do i apply for IPO from ATM?

No, you are not able to apply for any IPO from atm because you do not have a CDP account. You need a CDP account to apply for IPO. Go to any brokerage firm to open a trading account and CDP account too.

Once you are allocated shares from the IPO, transfer from CDP to your standchart trading account once it is recorded into your CDP to sell if you can wait for 1 to 2 weeks upon request for transfer. The good news is that account opening is free and there is no maintenence fee whatsoever if you choose not to use the account.

You can now open a CDP account and a Stock Brokerage Account from the comfort of your home! To open a CDP Securities Account The applicant must be at least 18 years old and not an un-discharged bankrupt. Please note that these documents will be retained by CDP To open a Brokerage Account You can either apply online or download, print and fill in the forms found below.

CIMB Securities vs DBSV http: This isn't America it is Asia That's why it's always important to have at least 2 brokers. Always try to keep in touch with your broker. Constant communication is important even if you don't trade much. If you haven't or never receive anything from him except forwarded email, then it's time to change broker la.

Brokers are like your chauffeur, some drivers like to be fetched, some like to drive themselves, but when there's time your car needs petrol top up or maintenance checkup, then it's time your chauffeur comes into play and support you all No point paying your chauffeur to sit at home while u do your own driving. When u r drunk, call chauffeur, when you are oversea, call your chauffeur, when the car run out of petrol, call your chauffeur, when your car break down, call your chauffeur even if u like to drive yourself Every clients will have their own brokers, even if its not an individual broker, there's also a team of brokers supporting you.

Get your broker msn, Skype, whatsapp, email and whatever mode of communication la When the platform goes down, u have to call them to sell for u When u need special arrangement to pay or receive money, call them. When u need help on the platform, call them. When u need receive funny looking letters from sgx or your shares, call them Quote: Not only cimb,but it's the same when u open an accounts with any of the local brokerages firms except Standchart.

Alot of retailers thought they are independent and have never heard from his broker before and assumes that he doesn't have a broker but in fact maybe because they are smaller fishes and so some brokers usually don't pay any attention to them or maybe because their brokers are lazy and bochup but still he will get a cut of the commission transacted when you does any buy or sell.

You will still be paying the same commission when u key the trades yourself on the Internet. This is industry practice. Yes, you are still able to key the trades yourself via the online platform even if u have a broker. Under exceptional case like when the web platform goes down, you can call the broker to give n still charge the online rate.

Stocks are categories into different sectors like properties or commodities etc. Then within so many of the stocks, there are stocks which are reits and trusts, dividend stocks, defensive stocks, bluechips, pennies and even micropennies. Orders in sgx are only limit orders or the less commonly used type like fak or fok. Before starting, perhap you can go to another thread i written below to begin http: Beside DBSV cash upfront with shares that are bought goes into CDP instead of custodian, cimb has also joined in the fray, pls find below cimb securities cash upfront methods and how to activate it too Login to cimb bank starsaver first Select the "link my cimb securities cash trading" option Select the cimb bank account that u wish to debit from, then input your cimb cash trading account number Make sure your pop-out blocker is DISABLED.

Cash Top-Up service allows you to transfer funds from your linked CIMB Bank StarSaver account to top up your Investment Power. Cash Withdrawal service allows you to transfer cash back to your linked bank account.

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Cash Balance service allows you to view snapshot of your Cash Upfront Investment Power, Daily fund movements, Intra-day trade and Outstanding positions. Cash Transaction History service allows you to view details of your cash top-ups and withdrawal transactions How to key Orders with CUT Payment Mode CUT is a payment mode designated for the Cash Upfront settlement.

Follow the steps below to trade using Cash Upfront: Select the trading account that is linked to the CIMB Clicks Account. Select CUT from the payment dropdown menu. Ensure that the Investment Power is sufficient for trading. Important Forum Advisory Note.

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