StanChart Online Trading Account

[pianist]

just noticed recently limtan and uobkayhian are integrating HKeX into their platform..and seem quite competitive brokerage fee for hk stocks though still lose out to stanchart's no minimum commission, however i dunno if there is chance for more competitive fx rates/spread offering from these 2 brokerages..anyone any idea? thanks

[piggo]

just to highlight, in the past they don't charge GST... but in my recent transactions, they charged me GST :p

[pianist]

oh..that doesnt sounds good.
sometimes i feel it might be safe to fall back on brokerages that results in shares being kept with CDP.

does anyone has idea which trading platform is cost effective for trading hk market?

[piggo]

7% gst is peanuts... Think scb is good for foreign markets as long as u don't use their exchange rates :p

[pianist]

7% gst is peanuts... Think scb is good for foreign markets as long as u don't use their exchange rates :p

how do u utilise scb trading platform for hk market without using their exchange rates? i find it almost impossible/not worth the while to avoid it.

[piggo]

Yea it's quite troublesome... Think U can deposit foreign currency if you have excess cash from biz/hol trips.

[pianist]

I just traded a HK counter today using SC's unfavorable fx rate..however the total trading cost is still lower compared to if I use a local brokerage with minimun commission arrangement.

on a separate note, has anyone received the rebates for the 1st 2 trades commissions during the promotional period?

[piggo]

I did, it comes in a month after the promotion ends.

Not sure about Hk, but I'm very turned off by usd... esp when I change back to sgd