Triyards Holdings

[CityFarmer]

IMO, the only good benefit for SCB trading platform is the "no minimum commission". It saves on commission charges for small trading bids - few thousand dollars kind. The benefits wear off the moment the nominal bid sum gets larger and larger.

The downside of the platform is that it is restricted under SCB custodian. So you can't sell those shares using other platform/CDP. The worse case scenario comes during a crazy sell-off (market crash) and imagine the loss when the SCB website get flooded with heavy traffic. You also get other issues which solaris had just encountered. Convenience is also no on your bargaining side as you have to write to SCB to proxy you for any AGM if you wish to attend.

Now, the question is weighing the benefits against the losses. IMO, as an investor (and not trader), our market purchasing frequency is not very frequent. With a low capital base, it is even lesser. Hence, the no minimum comm charge may not be as enticing as it may seem to be.

My take is this platform will only be good for those who wish to trade and has very little capital base. That said, with a small capital base, one shouldn't even be trading at all.

The minimum comm charge in POEMS (Non Advisory and Online) are

up to SGD50,000 0.28%
>SGD50,000-SGD100,000 0.22%
>SGD100,000 0.18%
Minimum S$25

If the trade contract value > 9K, than minimum sum is gone

IMO, the limitations are too much a cost to do away the minimum sum