Standard Chartered Malaysia has launched SmartStocks, a global equities trading platform that enables its customers to trade on various exchanges across seven global markets via a single account. Available online, this platform also allows them to trade using real-time exchange rates.

According to Standard Chartered, SmartStocks customers will be able to enjoy better convenience and improved accessibility when trading, given that they can now trade on as many as 12 exchanges – all from a single account. The 12 exchanges include:

• Bursa Malaysia
• Singapore Exchange (SGX)
• Hong Kong Stock Exchange (HKEX)
• New York Stock Exchange (NYSE)
• NASDAQ
• US OTC
• BATS Global Markets
• Australian Stock Exchange (ASX)
• Tokyo Stock Exchange (TSE) 
• SIX Swiss Exchange

Furthermore, SmartStocks clients will also be able to enjoy minimal brokerage rates, with simple brokerage pricing tiers that are applicable for all markets. Depending on which client segment that you fall into, you may even be entitled to a 0% brokerage rate. Here are the full pricing tiers for your reference: 

Client segment	Preferential brokerage rate
Personal	0.10%
Premium	0.08%
Priority	0.05%
Priority Private	0.00%

Standard Chartered customers who wish to tap into SmartStocks will first need to open a SmartStocks account online (at no charge) in a few simple steps:

• Log in to your SC Mobile app
• Tap on the menu at the top left of your screen, and select SmartStocks
• Answer the questions in the Foreign Account Tax Compliance Act (FATCA) and Tax Residence Information section
• Submit your application

You will then need to key in a one-time password (OTP) sent to your registered mobile number to complete the application process. Finally, you can start trading once your SmartStocks account is successfully opened. 

“Malaysian retail investors are still facing challenges to gain access to global markets, with high transaction fees remaining a huge concern. With SmartStocks, we are breaking down these barriers by making it more convenient and affordable for our clients to diversify into stocks across multiple markets onshore,” said the head of consumer, private and business banking for Standard Chartered Malaysia, Sammeer Sharma. 

Sharma further stated that SmartStocks will also amplify the bank’s wealth management proposition and further digitise its banking services for its customers. 

(Sources: Standard Chartered Malaysia, The Star)

• TAGS:
• Online Trading Platforms
• Sammeer Sharma
• SmartStocks
• Standard Chartered
• Standard Chartered Malaysia
• Stock Trading