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How to Choose a CFD Broker
http://sg.news.yahoo.com/choose-cfd-broker-065239065--sector.html
take a look at the email i sent to you.
nokolosti ( Date: 25-Feb-2013 17:56) Posted:
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Welcome to the fun & exciting land!
nokolosti ( Date: 24-Feb-2013 08:56) Posted:
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No contra allowed for SC, need the exact amount in your account before you can buy. So your cash is your limit.
Main advantage
- no min commission, perfect for ultra small players.
- stop loss order available
Disadvantage
- your stocks are held through Custodian account by SCB and not in CDP. Not sure the implications for rights issue and all that.
- lousy trading platform, auto logout every 15 mins if inactive
- website hang once in a while. (you can expect you can't log in on the next day when DJI crashed 1000 pts lol)
ballball ( Date: 24-Feb-2013 09:47) Posted:
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I think POEMS have that feature. Charges min $25 and 0.28%.
I'm using SAXO. Charge min $25 and 0.15%. Min 10K
nokolosti ( Date: 25-Feb-2013 17:54) Posted:
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DBS vickers current commission per trade is about $25 dollars for singapore market (which is the market i'm only allowed to trade now)
And i'm a small time investor just started out i usually only do 3000-5000 per trade, cash account without margins.
Thanks dekmelvie i will may i know more about the commission?
dekmelvie ( Date: 24-Feb-2013 09:01) Posted:
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Ohhhh kay thanks all for your advise. Yeah i been reading some books on investment they keep repeating how important stop lost is.
ongahhuat888 ( Date: 24-Feb-2013 10:36) Posted:
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Lucky you realized earlier. With dbs vickers I lost 2.4 mil. in 2011--2012. I am not boastful. They don't have stop lost plan at all, just keep asking to average down. Lucky now I am building back my wealth with others . Good luck to you!
nokolosti ( Date: 24-Feb-2013 08:56) Posted:
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How to start w SC? What SC based on to approve a trading limit for new trading acct?
eg. must deposit $10K CASH for $20K limit? or wat? u noe?
eg. must deposit $10K CASH for $20K limit? or wat? u noe?
Standard chartered is good. No minimum commission. A trade of $1000 only cost about $10 or less for commission. You can put stop loss as well
Kim Eng securities @ serangoon next mall. Look for chin lai. Tell him i recommend u.
Anyone can help? i'm new to stocks and shares, i'm currently using DBS vickers but i cannot find the stop loss order or trailing stop. Is there another broker in Singapore with low commission per trade. (small time player here)