As most would have known by now, E*Trade is saying sayonara and will be discontinuing their brokerage service in Singapore.
It is unpleasant and leaves a bitter taste, knowing that we have to go through the hassle of share transfer etc.
I have done up the post for existing POEMs clients, on how to facilitate the share transfer.
In addition, we have done up a promotion to ease the transfer process and the promotion lasts till 31st March 2016.
Do sound us out earlier as share transfer requires coordination and time to process.
You know the drill, do drop me a PM or contact me, if you need any help.
Enjoy US$20* flat commission for US markets
Waiver* of live price subscription for US market
Local dealing support for US hours
No Local withdrawal fees
No statement fees
No transfer in fees
Terms & Conditions for Transfer in US shares and receive up to US$88 trade rebates Promotion:
- This Promotion is applicable to “Eligible Clients” of Phillip Securities Pte Ltd (PSPL) who fulfil the criteria listed below:
- Successful transfer in of US shares from 15th December 2015 to 31st March 2016 (“Promotional Period”)
- Eligible clients who trade within the Promotional Period will receive:
- Up to US$88 trade rebate on his/her BUY trades in the US market only (Capped at first 3 buy trades after transfer in)
- Each client is entitled to a maximum of US$88 trade rebate regardless of the number of trading accounts he/she may have.
- The Promotion is applicable to trades executed both offline through the Trading Representative and/or online viawww.poems.com.sg, www.poems.com.sg/p2 and POEMS mobile.
- Eligible clients will receive the trade rebates after the promotional period.
- This Promotion is not applicable to corporate account, Cash Trading Account, Remisier Account, Remisier’s Spouse’s account and staff account. In the event of a dispute over the client’s eligibility to participate in this promotion, PSPL’s decision will be final.
- PSPL shall have the right to determine whether a client is entitled to receive the rebates and stock counters to be transferred in are subject to approval.
- Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discrete to (i) amend, add and / or delete these Terms and Conditions without prior notification (including eligibility; replace the prize of similar value; promotional mechanics, promotion duration without prior notification, qualifying terms and criteria), and all participants shall be bound by such amendments, additions and / or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason there of and without any compensation or payment whatsoever. PSPL decision on all matters relating to the promotion shall be final and binding on all participants.
Disclaimer: This material is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information. Investments are subject to investment risks including the possible loss of the principal amount invested. Past performance figures as well as any projection or forecast used in this publication, are not necessarily indicative of future or likely performance of any securities.
You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement.
You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at www.poems.com.sg) before investing in this product.
Third party research and information obtained from sources are deemed reliable; however, PSPL does not guarantee its accuracy or completeness and makes no warranties with respect to results to be obtained from its use
Whilst care has been taken to ensure the accuracy of the information in this document, PSPL and its affiliates make no warranty as to the accuracy, completeness, merchantability or fitness for any purpose, of the information contained in this document or as to the results obtained by any person from the use of any information or investment product mentioned in this document. PSPL reserves the right to make changes to such information from time to time. Any change, omission or error in such information, shall not form the basis for any claim, demand or cause of action against PSPL or any of its affiliates and PSPL and its affiliates expressly disclaim liability for the same.