Friday, January 8, 2016

Opening of a Security Trading Account

Opening of a Security Trading Account

Any member of the public who wishes to trade/buy any stock counters listed on the Singapore Exchange will need to open a Brokerage trading securities account with any of the registered Securities Brokering Companies in Singapore.

Once the member has successfully registered their trading account with the registered Securities Brokering Company in Singapore they will then be issued with the approve Trading securities account number to perform trading of share /stock counter on Singapore Exchange(SGX).

This Trading securities account number will then be linked to their CDP (The Central Depository) account number for the settlement of their payment/deposit and withdrawal of securities etc.

The list of registered Securities Brokering Companies in Singapore are as follows:

1. Lim & Tan Securities  - web site : http://www.eq.com.sg/

2. Ocbc Securities - web site : http://portal.iocbc.com/index.html

3. DBS Victers Securities - web site : http://www.dbsvonline.com/

4. Phillips Securities / Poems - web site : https://p2web.poems.com.sg/products-services/

5. MayBank Kim Eng Securities - web site : http://www.maybank-ke.com.sg/

6. CIMB Securities - web site : https://www.itradecimb.com.sg/app/home.z

7. HSBC Securities - web site : http://www.hsbc.com.sg/1/2/securities-trading

8. Standard Chartered Securities - web site : https://www.sc.com/sg/invest/equities-trading.html

9. And others


Brokerage fees:

Generally the brokerage fees for example for trding via online are as follows :

Contract SizeRates*Effective Rates* (Less 3 to 5% Mileage)
Minimum $25 $23.75
Up to $50,0000.28%0.266%
> $50,000 - $100,0000.22%0.209%
> $100,0000.18%0.171%


Different Securities Brokering Company may have different brokerage fees/rates.
Pls check the brokerage fees/rates when opening a securities brokering account.

N.B.

For actual details about the opening of the securities brokering account & brokerage fees  please check with the registered Securities Brokering Company directly.


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