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If you are paying your DBSV by keying in at DBS iBank then you are NOT really using the link. When you use the link, you must PAY UPFRONT. using another new account DBS iBANK generate for you.
When you want to use the link, you need the following procedures
1. Login DBS iBANK
2. Click Trading Services "NEW"
3. Click DBS Vickers Online Trading Services
3. MUST choose by clicking ' your account number-CASH UPFRONT''
4. then place your buy or sell order ...
hope it helps
Hmm, all 3 of my accounts are so-call linked to my dbs saving account as I pay for trades through internet banking. DBSV still have a trading cap on me leh, or it's not consider linked yet...
Ask you broker to UP your limit lor.. Another thing to do is to PAY early then you can have higher limit.
If you are using DBSV, yet another way is to LINK to DBS iBanking to DBSvicker online and place trade there. this one is like etrade, put money first, then trade. like that your limit is no longer holding you up because you PAID first. When you are very sure of holding long term, this method works. However if you want to play contra then T+3 works.
Thanks for All advices.
Haiz, all started when I hit the trade limit with brokerage A, although I've paid for previous trades thru online banking already, remiser wants me to show prove. So troublesome, thus I used brokerage B to trade.
When you buy from A and sell in B, you will have screwed your portfilio records loh.....try not to do that.
Some online brokerage like iOCBC will not executed your sell order because the portfilio do not have share onhand.....need to keyin a dummy shareholding....to prevent short selling. Will be messy man.....
aircraft ( Date: 27-May-2009 09:40) Posted:
Cos I normally use brokerage B, cosolidate all trades with them easier for me keep track and brokerage A charge higher fee but I just checked le, the difference is only abit... Chey.. waste time, just sell with brokerage A can liao.
Thanks All for your help !!
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ic.. some people can handle multiple accounts with multiple brokers without mixing up. mixing up is dangerous only when you want to SELL.
BTW, remember CASH account ( where CDP hold your shares) and CPF investment ( hold in CPF, deal through Agent Bank) are considered totally separate account so when you SELL you must be very sure which account hold the shares. Mixing up these two can lend you on naked short also. Be very careful before final click..
aircraft ( Date: 27-May-2009 09:40) Posted:
Cos I normally use brokerage B, cosolidate all trades with them easier for me keep track and brokerage A charge higher fee but I just checked le, the difference is only abit... Chey.. waste time, just sell with brokerage A can liao.
Thanks All for your help !!
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Cos I normally use brokerage B, cosolidate all trades with them easier for me keep track and brokerage A charge higher fee but I just checked le, the difference is only abit... Chey.. waste time, just sell with brokerage A can liao.
Thanks All for your help !!
Correction should be brokerage A.
Just sell at brokerage B as contra and you save all the trouble.
ic, u bought yesterday T, you are supposed to pay before T+3 this friday. Why you want to pay now if you have upto Friday?
However you want to take profit , you can SELL contra before you pay up. BUT remember CONTRA on SAME broker ONLY.
aircraft ( Date: 27-May-2009 09:23) Posted:
| I bought DBS yesterday late afternoon from Brokerage A , oh.. So I need to pay now , then will reflect on my CDP ? But it would not be reflected immediately right ?
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I bought DBS yesterday late afternoon from Brokerage A , oh.. So I need to pay now , then will reflect on my CDP ? But it would not be reflected immediately right ?
Just pay brokerage A the full amount and you can sell anywhere.
aircraft ( Date: 27-May-2009 09:08) Posted:
Hi All , sorry for asking a noob question.
If I bought a stock from brokerage A , today I want to sell it using Brokerage B. Do I need to do anything or inform anyone before selling ? I checked my CDP account, this stock not reflected in my account yet. Dun 1 2 b accused of shorting. Thanks !
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When exactly you bought from A? If not in CDP then you cannot SELL. It is considered naked short.
BTW you can contra ONLY USING SAME broker.
aircraft ( Date: 27-May-2009 09:08) Posted:
Hi All , sorry for asking a noob question.
If I bought a stock from brokerage A , today I want to sell it using Brokerage B. Do I need to do anything or inform anyone before selling ? I checked my CDP account, this stock not reflected in my account yet. Dun 1 2 b accused of shorting. Thanks !
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Hi All , sorry for asking a noob question.
If I bought a stock from brokerage A , today I want to sell it using Brokerage B. Do I need to do anything or inform anyone before selling ? I checked my CDP account, this stock not reflected in my account yet. Dun 1 2 b accused of shorting. Thanks !
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