Sunday, 11 January 2015

Standard Chartered Online Share Trading Account

So Standard Chartered is closing down it's equities business.

I saw this coming a very long time ago.

At 0.2% commissions, they were the 2nd cheapest in the industry (Saxo is 1st at 0.15%). There were no custodian charges, and there was a good range of markets to choose from (JP, AU, HK, US, UK).

Downside was a shit platform but it was still connected to your online bank account which makes it rather handy.

Now I have to make plans to shift all my shareholdings elsewhere :(

Well looks like it was too good to be true.

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