Standard Chartered Online Trading account

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#11
The point I am trying to make is that the risk or worry is similar to putting money in the bank. It's not risk free, but counter-party risk is very small. We are talking about SCB. Not some small finanace company or brokerage.

This CDP and SCB custodian thing is very common for margin accounts with brokerages. I would worry more if the brokerage is very small or does not have enough financial backup. I have a margin account. Not encouraging anyone to use it as leverage cuts both ways.

Just like airlines, we get what we pay for. Serious traders will pay-up for better platforms and services. I have not tried SCB but my idea of using it to get rid of my odd lots (I hate bonus issues in odd lots) was dashed. SCB does not offer this service. Silly me, what did I expect for budget airline platform?



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Messages In This Thread
RE: Standard Chartered Online Trading account - by Jared Seah - 01-09-2011, 04:30 PM
Slow??? - by chialc - 13-05-2014, 01:25 PM

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