To start off,... most beginners would like to know the following. Veterans would sharpen their knowledge too if they come across information related to the following.

How to open a brokerage a/c.
Which one should I use.
Which company has div.
How much do I need.
How much can I make.
Is it a good time to invest.
Is a Reit better than a stock ?

Hi Bro,... I use DBS Bank, and I use DBS-Vickers as my Singapore brokerage. ALL transactions in DBS Bank and in DBS-Vickers (DBSV) can be performed online, UNLESS if you are attending to a Rights Issue exercise, then you may need to go down to Sgp to do some small activities.

But, let's leave out this thing called a Rights Issue at the moment.

The first time when you need to set-up the account, you need to go down to Singapore and meet-up with the DBS branch from where you would like your account to be set-up. After your account is setup, you will be given an id, a password and a security token, with which you can use to log-on to your account from Malaysia, and from anywhere in the world.

When you open your DBS Account, open a normal Savings Account and a Multi-Currency Account (MCA) at the same time. With the MCA, you can deposit funds of different currencies into that account into different pockets inside that account.

I'll stop here, bro,... think about this, and ask me any questions you would like to.

For the DBS Savings Acct, prepare SGD1000 to open the account. If the daily amount falls below SGD1000, there will be a service fee of SGD2.00 charged at the end of the month.

As for the MCA, it's a bit dear,... SGD3000 to open and a minimum amount of SGD 3000 must be maintained. Otherwise, a service fee of SGD7.50 will be charged at the end of the month.

Perhaps don't need to open the MCA first. Just open the DBS Savings Account.

Ramjade
Hansel Hi sir, about how to open cdp account in sg.

Steps to do:

1) change myr to sgd (at money changer)
2) go to sg, open bank and cdp account in the same branch
3) leave, and trade online (purchase REITs) via the account I've opened
4) sgd in my account finished up, exchange myr to sgd again and go to sg to top up my bank balance? (must do it physically??@@)

any better idea to "top up" or open new bank and cdp accounts?

any recommendation of bank with reasonable charges which I can open both account at the same time?

what kind of documentations that I need to open those account?

How long I would need to stay at sg to do so?

Any necessary details that I've missed up? Please enlighten us.

a friend in Singapore called stand c for me, they ask open saving for what purpose. can tell the real reason?

U may try at marina bay finacial centre tower 3. It takes abt 1 hr.pls bring all necessary docs.

The following supporting documents.

a) Utility bill or bank statement to verify your address. 
b) If you can get bank reference letter (as advised by the banker in SG that bank do give reference letter), that will be helpful.
c) If you already have CDP account and with shares, then bring the original copy of the CDP statement.

Cheers !!

latest requirement as of 5 dec 16  is INCOME TAX number and proof of INCOME TAX....

Manulife US REIT ! Buy with your USDs converted at the moneychangers in Mid-Valley !!!

http://investor.manulifeusreit.sg/newsroom...447JHXKUU.1.pdf

 

yes you can... i know of people who hv CDP AC in Sg since PAPER SCRIPT days and they are still receiving dividends from the MAIL. the cheques will be posted to Malaysia, then they will bank it in.

Cannot la. Partial fill happens and there is nothing you can do about it.

Some brokers got the option 'fill or kill' - either match everything or order cancelled

No different charges, but I have not used the option before.

Look at update link above, DBSV have the feature. Maybe you can ask them further.

You can check under 'order type', which usually display 'limit order' and change to 'fill or kill (FOK)'

Be sure to login into DBS vickers and not trade from the DBS bank.

That's right - Cash Upfront does not have the ALL or NONE feature !

I haven't heard of investor who made it big by saving the brokerage costs 

When a person gets petty, he won't be a good investor

 

heheh - not just investor, biz owner, employee, etc too
when one focuses on the minute, losing focus on the big impact stuff....
"penny wise, pound foolish" kinda thing 

sigh.. facing these types much nowadays