OCBC Online Equities Account Review – Buy shares on OCBC’s Digital App! 0.05% commissions for SG, US and HK Markets!

Good news for OCBC customers!

You can now buy shares directly on the OCBC Digital App with OCBC’s Online Equities Account (OEA).

This means you can bank and trade – all on one app, so you don’t need to go through the hassle of accessing different accounts or apps.

What’s more? You can fund your trades directly from your OCBC account, which is especially useful if you have a lot of foreign currency holdings with OCBC.

The icing on the cake?

From now until 31 December:

• Enjoy reduced commission rates of just 0.05% for buy trades on SG, US and HK market   

Terms and conditions apply.

More details below!

Note: This post is sponsored by OCBC. All views and opinions in this post are from Financial Horse.

What is the OCBC Online Equities Account?

The Online Equities Account allows you to conveniently trade shares, local ETFs, REITs, bonds and more 24/7.

All via the OCBC Digital App, that you already use for your normal banking needs.

Bank and trade – all on one app.

You can buy and sell stocks, transfer funds, check your bank balance and monitor your trading portfolio all in one place.

Key Features of OCBC Online Equities Account

• Invest in stocks anytime, anywhere via OCBC Digital App
• Fund directly from your bank account (even in foreign currency) to seize market opportunities quickly
• Competitive fees for upfront payments
• Easy and convenient

Invest in stocks anytime, anywhere via OCBC Digital App

Invest in stocks with an Online Equities Account anytime, anywhere.

For OCBC users, this means that there are no additional steps or new apps to download.

Everything can be done through a single app – the OCBC Digital App.

The same app you use for your normal digital banking. 

You can buy and sell stocks, transfer funds, manage your bank balance and monitor your trading portfolio all in one place.

You also don’t have to worry about making sure your dividends have been credited.

Dividends (and other corporate action proceeds) will be conveniently credited to your trading account.

Everything is in one place, so you can see and manage your investments easily.  

Fund directly from your OCBC Account – Seize market opportunities quickly

One of the biggest advantages of OCBC’s Online Equities Account is that:

Funding is linked directly to your bank account.

For SGD trades, settlement will be automatic via GIRO from your selected OCBC current or savings account.

For FX trades, settlement can be via your OCBC Global Savings Account with the foreign currency held in your account.

This means you don’t have to wait to transfer funds into a brokerage account before you can trade.

As long as the money is sitting in your OCBC bank account, you can draw on those funds directly to make your trade.

This allows you to take advantage of market opportunities quickly when they arise.

Especially for foreign exchanges, where it can sometimes take a business day to transfer in the requisite foreign currency for other platforms, having this direct linkage is a huge advantage.

Additionally, you can even invest first, and fund later.

You can trade up to your assigned limit without having to deposit funds in your account beforehand (note that trades will still have to be paid for before the settlement date to avoid incurring fees).

Fund direct from your bank account (even in foreign currency) to seize market opportunities quickly

As mentioned above, a huge advantage with OCBC’s Online Equities Account is that you can easily pay for your global trades.

You can link to your OCBC Global Savings Account (GSA) so that you can complete your trades in the different currencies required.

This is great because you can sell a USD stock, have the USD deposited into your GSA account, and then use the same USD to buy another stock a few months later.

Without having to lose money converting the USD into SGD and back again.

With FX Auto-execute orders on OCBC Digital, you can also lock in your desired FX rates for your trades.

Competitive fees for upfront payments

Depending on the exchange, commission rate ranges from 0.15% – 0.30%.

Moreover, you can enjoy lower fees when you pay upfront.

You get to enjoy a competitive rate of 0.12% commission rate if you use the cash upfront feature.

This is pretty straightforward for an OCBC user, as you already have a bank account with them.

Simply set aside the required funds in your bank account for the trade to enjoy lower rates.

Reduced Commission Rates!

Enjoy reduced commission rates of just 0.05% for buy trades on SG, US and HK market until 31 December 2023.  

Full fee schedule is set out in table form below:

PAYMENT MODE		Upfront Payment			Post-trade settlement
Brokerage rate	Traded Currency	Trading Fees  (Applicable to BUY  Trades ONLY)	Min Comm	Trading Fees		Min Comm
Market
SGX	SGD	0.12%	SGD 10	0.15%		SGD 25
	USD	0.12%	USD 13	0.15%		USD 20
	AUD	0.12%	AUD 16	0.15%		AUD 25
	CNY	0.12%	CNY 50	0.15%		CNY 168
	EUR	0.12%	EUR 13	0.15%		EUR15
	GBP	0.12%	GBP 10	0.15%		GBP 15
	HKD	0.12%	HKD 100	0.15%		HKD 150
	JPY	0.12%	JPY 850	0.15%		JPY 2,000
US Markets	USD	0.12%	USD 15	0.15%		USD 20
	CAD	0.12%	CAD 20	0.15%		CAD 27
HKEX	HKD	0.12%	HKD 80	0.15%		HKD 150
	USD	0.12%	USD 12	0.15%		USD 20
	CNY	0.12%	CNY 70	0.15%		CNY 133
Australia Securities  Exchange	AUD	0.25%	AUD20	0.30%		AUD 70
Bursa Malaysia	MYR	0.30%	MYR 70	0.30%		MYR 70
Indonesia Stock  Exchange	IDR	0.30%	IDR 100,000	0.30%		IDR 100,000
London Stock Exchange	GBP	0.25%	GBP 20	0.30%		GBP 55
	USD	0.25%	USD 28	0.30%		USD 74
	EUR	0.25%	EUR 26	0.30%		EUR 62
Philippines Stock  Exchange	PHP	0.30%	PHP 550	0.30%		PHP 550
Shanghai A	CNY	0.15%	CNY 80	0.30%		CNY 80
Shanghai B	USD	0.30%	USD 45	0.30%		USD 45
Shenzhen B	HKD	0.30%	HKD 300	0.30%		HKD 300
Stock Exchange of  Thailand	THB	0.30%	THB 500	0.30%		THB 500
Tokyo Stock Exchange	JPY	0.25%	JPY 2000	0.30%		JPY 3,000

Easy & Convenient  

As mentioned earlier, everything can be done through a single app – the OCBC Digital App.

As an existing OCBC account holder, it’s very convenient to maximize the app by also trading using the OCBC app.

I get to use my existing funds in my OCBC account, to fund and trade directly.

Custody account

For SGX shares, they will be custodised in OCBC Securities’ CDP sub-account.

For foreign securities, they will also be custodised with OCBC Securities which maintains an account with an established global custody service provider.

Investing in 2023 with an OCBC Online Equities Account

With the OCBC Online Equities Account, you also get exclusive market insights.

You get exclusive market updates from both OCBC’s investment experts and OCBC Securities Trading Matters series. 

Want more insight as to how to rebalance your portfolio for 2023?

Check out how I would invest $100k as a Singapore investor in 2023!

What can you trade with an OCBC Online Equities Account?

With an OCBC Online Equities Account, you can build your portfolio by trading shares, REITs, local ETFs and bonds.

A trading limit range of up to SGD 50,000 will be provided depending on your profile as assessed by OCBC.

These are the 15 global exchanges you can access, all on one app:

1. American Stock Exchange (AMEX)
2. Australian Securities Exchange (ASX)
3. Bursa Malaysia (BURSA)
4. Hong Kong Stock Exchange (HKEX)
5. Indonesia Stock Exchange (IDX)
6. London Stock Exchange (LSE)
7. National Association of Securities Dealers Automated Quotations (NASDAQ)
8. New York Stock Exchange (NYSE)
9. Philippines Stock Exchange (PHS)
10. Stock Exchange of Thailand (SET)
11. Singapore Stock Exchange (SGX)
12. Shenzhen “B”(SZSE)
13. Shanghai “A”(SSE A)
14. Shanghai “B”(SSE B)
15. Tokyo Stock Exchange (TSE)

Note: You cannot trade specific investment products (SIPs) (e.g. foreign ETFs, structured warrants or daily leveraged certificates) or over-the-counter (OTC) products (e.g. unlisted bonds, structured products). CPF and SRS investments are not allowed. Share financing and share borrowing are unavailable.

Reduced Commission Rates

Enjoy reduced commission rates of just 0.05% for buy trades on SG, US and HK market until 31 December 2023.  

Find out more here!

Terms and Conditions apply.

How do you open an OCBC Online Equities Account? Instant account opening!

Eligibility:

• Age 21 and above
• OCBC customers with at least one OCBC current or savings account, with Digital Banking access
• Existing OCBC Securities customers who have Basic Trading Accounts are not eligible
• Individual accounts only

Apply online via OCBC Digital Banking platforms.

• Desktop (OCBC Internet Banking)
  • Navigate to “Investments & Insurance” tab on the top menu, select “Equities” from the drop-down menu

• Mobile app (OCBC Mobile Banking)
  • Select “Invest”, and then “Equities” from the drop-down menu

In fact, if you submit via the OCBC Digital App during working hours (9am to 5.30pm Mon to Fri), you can have the account opened instantly.

So get started today, check out OCBC’s Online Equities Account here!

 

Note: This post is sponsored by OCBC. All views and opinions in this post are from Financial Horse.

 

Disclaimers: 

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Investments are subject to investment risks, including the possible loss of the principal amount invested.

This information is intended for general circulation and / or discussion purposes only. It does not consider the specific investment objectives, financial situation or needs of any particular person.

Before you make an investment, please seek advice from your Relationship Manager regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs. If you choose not to do so, you should consider if the investment product is suitable for you, and conduct your own assessments and due diligence on the investment product.

Global Equities disclaimer

1. Dividend growth is not guaranteed, nor are companies in which you invest obliged to pay dividends;
2. Companies may go bankrupt rendering the original investment valueless;
3. Equity markets may decline in value;
4. Corporate earnings and financial markets may be volatile;
5. If there is no recognised market for equities, then these may be difficult to sell and accurate information about their value may be hard to obtain;
6. Smaller company investments may be difficult to sell if there is little liquidity in the market for such equities and there may be substantial differences between the buying price and the selling price;
7. Equities on overseas markets may involve different risks to equities issued in Singapore;
8. With regards to investments in overseas companies, foreign exchange rates may move in an unfavourable direction affecting adversely the valuation of investments in base currency terms.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Collective Investment Schemes

1. A copy of the prospectus of each fund is available and may be obtained from the fund manager or any of its approved distributors. Potential investors should read the prospectus for details on the relevant fund before deciding whether to subscribe for, or purchase units in the fund.

2. The value of the units in the funds and the income accruing to the units, if any, may fall or rise. Please refer to the prospectus of the relevant fund for the name of the fund manager and the investment objectives of the fund.

3. Investment involves risks. Past performance figures do not reflect future performance.

4. Any reference to a company, financial product or asset class is used for illustrative purposes and does not represent our recommendation in any way.

For funds that are listed on an approved exchange, investors cannot redeem their units of those funds with the manager, or may only redeem units with the manager under certain specified conditions. The listing of the units of those funds on any approved exchange does not guarantee a liquid market for the units.

The indicative distribution rate may not be achieved and is not an indication, forecast, or projection of the future performance of the Fund.

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