Steps to open a Standard Chartered Securities Trading account

I don’t know how to do it, so tedious… because got no one to help me

Step 1 : Locate a branch near you

Step 2 : Go to that branch (during non peak hours) that you have selected 

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Try to avoid peak hours! I’ve done mine within 30mins

Step 3: Approach the ticketing counter (There will be an assistant/agent standing there) and ask to open a securities trading account

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If you have an existing bank account with Standard Chartered, your process will be quicken by half the time.

If not (Like me), You will have to open a bank account with them.

Step 4: Open an E$avers account 

This is their most basic bank account

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Step 5: After that you will be asked to do a Customer Assessment Review (CAR) 

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The quiz/test is basically to test your financial literacy

Tips to pass this quiz

  • Know the different financial instruments & How you can purchase them (on theory)
  • Or you can just pretend you know everything ( You will pass it easily)

Once you passed the quiz, The agent will ask if you would like to open account for different exchange, IT IS FREE, so i recommend you to do so.

*If you’re doing the quiz on paper or the account opening on paper or CAR, the option of opening foreign exchange account option will be visible on it.*

Step 6: A Temporary ID and Password will be passed to you

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This is a picture from Google Image ( It will come in a physical card form)

It will all be given to you on the day itself – It will come through a text message

If it is not given, do ask them or you can call customer service for your temporary ID & PW

Step 7: Register for Online Banking through using your Temporary ID

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Press online Banking and Scroll down

Step 8: After all is done, Sign in to your online banking

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Please be sure that you have a Securities Settlement Account before heading to the next step

Step 9 : You have to open an online trading account (it’s separate from an Securities Settlement Account) – It can only be opened through Online Banking

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Go under your Dashboard – You will be able to see online trading under invest

Step 10 (Final Step): Apply for your online trading account – It will take about 1-5 working days to open your a/c ( I recommend you doing it ASAP) 

I’ve lost the image for this step 😦 sorry!

Hopefully this benefits you! 🙂 Remember to say no to other products if the agents are selling you, unless it benefits you fully

 

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One thought on “Steps to open a Standard Chartered Securities Trading account

  1. Pingback: Growing wealth by being smart

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