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ONLINE TRADING HK VS SINGAPORE

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patch81
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ONLINE TRADING HK VS SINGAPORE

Postby patch81 » Thu, 09 Sep 2010 8:53 am

I recently moved to Singapore and am interested in trading on the STI. However, I discovered that I can't trade online directly through my bank account like I could in Hong Kong. (I traded through Bank of China in HK previously.) That surprised me and I was wondering why this was the case. My only experience of trading has been in HK and it seems far more efficient than in Singapore -- I could withdraw funds when and if needed and trade easily without fuss. I was able to sell easily and have the funds back in my account quickly and efficiently as well when I needed money in hand. Can someone explain to me why you can't do this in Singapore? And are there any specific benefits in opening an online trading account instead of just doing it directly through your bank? I'd be grateful if someone could enlighten me!

usedbooksg
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Postby usedbooksg » Mon, 20 Dec 2010 11:54 pm

u need to open a Singapore bank account to do that, such as UOB, OCBC, POSB, etc. Then you link your bank acct to your trading acct in Singapore, you can do that by GIRO.

Go to a brokerage firm, they will assist you. quite easy.


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