All info are readily available in this thread. All he needs to do is just read from page 1.
- If he is willing to read the whole thread, he will get the info he needed.
- If he not willing to read, well, he can't have his Singapore bank account.

Even if he doesn't want to read 50+ pages, I believe the last 20 should be more than enough.

This post has been edited by Ramjade: Apr 7 2017, 11:31 AM

Bro is not helpful anymore,....

Better be less helpful to bro too in future,...

lol chillax... there is always other forummers to assist... be positive.

Hi... when are we going to Hooters Clarke Quay?

but but but i iz no SG PR/citizen...

come KL. will be willing to treat a lunch/dinner in exchange for knowledge. from sifus.

Im also iz no SG PR/citizen... spend Rm also leh...


I think we need to make small gathering like that in Hooters Clarke Quay. For those who are intersted in "exhange of knowledge" lar.

Want knowledge must spend some money ma....

This post has been edited by TOMEI-R: Apr 7 2017, 12:07 PM

First, I have already wrote a lengthy post somewhere in this thread on how to get an account.
Second, takkan want to spoonfeed everybody who ask "how to open a SG account?" when the info is available in this thread. Like Showtime said, it's better to teach a man to fish than give him a fish.
Third, all infos are readily available. I read and reread this thread numerous time before taking action from first page for almost 6 months. If I can read and reread this thread numerous time, why can't others?

At least I didn't tell them you cannot open account anymore. I told them to read aka do your homework before asking

Also, I am not like some people who charge SGD1000 in exchange for info on how to open Singapore bank account

Must do homework first then ask for help if don't know what.


Kasi people for free. Up to them whether they want to do homework or not.

This post has been edited by Ramjade: Apr 7 2017, 12:13 PM

sure why not. loop me in!

Lol,...

Maybank Singapore has just replied that FCA can be opened only at Maybank SGD branches ... huhu

Bro, let say I applied Maybank SG isavvy account through Maybank MY. Thereafter, I successfully opened this account. Can I say that I already a client of Maybank SG. If I want to open FCA under Maybank SG, then I need to go to their SG Branches to provide all sort of documents again? Thought it would be easier if we already have our record there. Haha

Anyone use the maybank platinum debit card withdraw money in msia before? Card activated, but then where shall we set pin?

Don't bother with withdrawing cash from malaysia using that card. Use that card if you want to deposit money in SG.
Pin comes in the letter. Unless you never change the PIN yet, that will be your default PIN.

ShinG3e

If I remembered correctly, you sent your application form for your Maybank Kim Eng Trade Prefunded Account, via courier service to Singapore.

So, after your application for the trading account was approved, how many letters did you receive, so that you can gain online access to your Maybank Kim Eng trading account?

Thank you for your information.

hello kart.

yes i did. the broker is kind enough to open for me prefunded and cash account.

and to be honest, i have lost track on how many letters i received. but mainly, userid 1 letter, password 1 letter., letter contain brochure of KE...

i think should be 3.

Thanks for confirmation, ShinG3e.

So, no security token for Maybank Kim Eng Trade Prefunded Account and Cash Account, right?

Also, we do not get any SMS one-time password sent to our handphone, if we transact (buy or sell shares) on the Maybank KE online website (www.ketrade.com.sg), right?

This post has been edited by kart: Apr 9 2017, 04:53 PM

Hi,

I haven't get mine (letter or anything other than sms from my broker) but from my family who got it already, there's no security token yet. (not sure if otw, or don't have). I believe you can request for one.

See this (select security)
http://www.maybank-ke.com.sg/contact-us/faqs/ke-trade/

If cash account, one will be given by SGX CDP. Can use one token for 2 site (SGX CDP + Maybank KE)

This post has been edited by Ramjade: Apr 9 2017, 05:20 PM

Hi Bro ShinG3e, mind to share why would you opened both Cash Account and Prefunded Account?

Hi Bro Ram, I have vet through the relevant informations and understand more about trading account in SG now.

Understand most of the Prefunded/CUT/Prepaid/Upfront trading account are linked to Sub CDP except DBS Vickers linked to SGX CDP account. Those linked to custody sub CDP account will have maintenance fees except the Standard Chartered.

As for commission charges for online trading :

For SGX market :

Broker	Min Fees	%	Custody Charges
Maybank KE	SGD10	0.18%	waived
Standard Chartered	SGD10	0.20%	SGD 0
CIMB	SGD18	0.18%	SGD20 per quarter, waive until Oct 17

For US Exchange (says to invest ETF)

Broker	Min Fees	%	Foreign Custody Charges
Maybank KE	USD10 (=SGD14)	0.18%	SGD2/counter per mth, waive if 6 trades in a quarter
Standard Chartered	SGD10	0.25%	SGD 0
CIMB	USD18 (=SGD25.30)	0.18%	SGD2/counter per mth, Max SGD150/quarter

Last few days you mentioned that you are changing to Maybank KE from DBS Vicker with your reasons :



I have not checked if Standard Chartered require to contact before limit sell.

From your post previously, it sounds you were swapping from DBS Vicker+SGX CDP to Maybank KE+Sub CDP, mind to share why you accept that shared hold NOT under your CDP/name?

Why not you choose Standard Chartered which having lowest minimum fees if you are to trade US ETF?

Which would you advice if i were a small retail trader ($2000 max each trade)? Intent to buy and keep for long term dividend (DPU if REITs).




Thank you.

Q: mind to share why you accept that shared hold NOT under your CDP/name?
A: I am not transferring CDP to Maybank KE. Any shares I buy with DBS Vickers stays with CDP unless Maybank KE can give me free transfer (which they don't so won't transfer). Any additional shares I buy I will use Maybank KE. Reasons:
(i) Maybank KE buy/sell cost SGD10/transaction (not sure if they extend the promo next year). DBS Vickers to sell cost SGD25 (my 2nd issue. Buy at SGD10-18 but sell at SGD25)
(ii) Need to contact DBS Vickers before selling (my main issue with DBS Vickers) or else selling cannot go through (as what they told me in their email)
(iii) I don't attend AGMs (too far and no money to go so frequently). So no CDP no problem. After all, if I really want to attend, just buy some shares with DBS Vickers and buy the remainder with Maybank KE. (eg buy 1000 shares using DBS Vickers, next round buy with Maybank KE). You can attend AGM too if you use Maybank KE. Just need to inform your broker/remisier.
(iv) With DBS Vickers, I cannot apply for rights issue (only SGreans can apply rights). They will auto sell my rights. With Maybank KE, can apply for rights

Q: Why not Standard Chartered?
A: - Simple. They don't let me have their bank account. No bank account = no trading account as bank account is they said it's compulsory to open account first. Went to 3 branches in SG. All reject me. Only way to get the bank account:
(i) buy insurance investment from them
(ii) take loan
(iii) become priority customer

I gave up on getting their account

Also, they are not the cheapest for US. If you want to buy US ETF, be prepared for the 30% with holding tax. Only way to get around this tax is buy from ETF listed on London Stock Exchange which mirror the US counterpart. That way, only kena charge 15% tax. If you really want to buy US stocks, take a look at 8 securities, Based in HK with zero commission.

Q: Which would you advice if i were a small retail trader ($2000 max each trade)?
A: Anyone will do. If you prefer keep in CDP, DBS Vickers Cash Upfront. If you want cheaper, Maybank KE prefunded/Standard Chartered (if you can get account with them). For me I want cheaper as I am stingy with cost and since Maybank KE let be buy at SGD10/transaction until end of the year I wills stick with them after DBS Vickers promo expired in June as come July, DBS Vickers will charge SGD18/transaction. Next year, I am sure Maybank KE have SGD10 promo some more

For now, I stick with DBS Vickers until end of June. Come June, I will buy from Maybank KE.

Hope this answer your question.

This post has been edited by Ramjade: Apr 9 2017, 07:30 PM

Hi Bro Ram, thanks and your replies answer a lot.

Will go to StanChart to try open the accounts in next few days (as i'm cheapskate also ) and clarify if need to call beforehand for making any trade.

1) Wonder what are "rights issues" and "apply for rights", mind to share a link on keyword as there are a lot of irrelevant information when i googled it? Does this important for us as retail trader? fairylord << is newbie

2) DBS Vickers - "DBS Vickers to sell cost SGD25 (my 2nd issue. Buy at SGD10-18 but sell at SGD25) "
Did not see any info in their website mentioning that selling would costs SGD25 dfferent from buying, good to know from your actual experience.

3) SC is..."not the cheapest for US. If you want to buy US ETF, be prepared for the 30% with holding tax."
Yes, i understand their exchange rate is high compared to others, but yet to study further on this. Will focus on sREITs in prior.

4) "Only way to get around this tax is buy from ETF listed on London Stock Exchange which mirror the US counterpart. That way, only kena charge 15% tax. If you really want to buy US stocks, take a look at 8 securities, Based in HK with zero commission"

Since you highlighting on London SE and HK SE enjoying 15% tax and 0% on commission to trade US ETF, i have updated further update tabulation in spoiler for [my] easy reference.
4a) means trade US ETF listed on London SE instead of US Exchange?
4b) "Based in HK" means open trading account in HK or trade US ETF listed on HK SE instead of US Exchange?

I thought sifu Gark meant in one of the post (in SGX counter) only stocks in US incurred 30% VAT on dividend, and nothing on US ETF. Damm it, understand wrongly i guess.


This post has been edited by fairylord: Apr 9 2017, 08:23 PM