Tuesday, December 25, 2012

Standard Chartered Online Trading Account

Before you can invest, you'll need to have a trading account.






Currently, Standard Chartered is the only option that offers no minimum commission, which is great for investing small amount of money every month. Every other bank or brokerage is not acceptable due to the high expense incurred e.g. minimum $25.

Standard Chartered Brokerage Fee : 0.2%

For in-depth analysis of the advantages and disadvantages of Standard Chartered, Invest In Passive Income has two excellent posts here and here.

Example of a Trade on Nikko AM Singapore STI ETF (G3B)

Nikko AM Singapore STI ETF Order Price : $3.20
Order Quantity : 100 share(s)

Trade Consideration : $320.00 [$3.20 x 100]
Client Commission : $0.64 [$320.00 x 0.2%]
SG Clearing Fee : $0.13

Total Transaction Amount : $320.77

1 comment:

  1. I have to make a presentation about The Protection of the online trading account. Can you tell me where I can find anything about this subject!? I will be very thankful!

    ReplyDelete