A security is a document certifying, in compliance with the established form and mandatory details, property rights, the exercise or transfer of which is possible only upon its presentation.
How to buy and sell equity and debt securities? Buying and selling securities like stocks and ETFs can be done with simple steps.
In this article we are going to talk about one of the famous securities company called Lim & Tan and see all the advantages and disadvantages of the firm, learn about the fees and commissions and also get to known to the main features, so let’s go.
Before reading this article it would be recommended if you look at the reasons why most DIY investors fail.
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The information in this article is for general guidance only. It does not constitute financial, legal, or tax advice, and is not a recommendation or solicitation to invest. Some facts may have changed since the time of writing.
Lim & Tan Securities was founded in 1973. The main activity is the brokerage of stocks, and the other important activity of the company is the retail market.
As one of the first to introduce stock trading over the Internet in Singapore in October 1998, Lim & Tan Securities was convinced that it was providing its clients with cutting edge technology.
In keeping with his belief in providing a fast and convenient way for clients to trade stocks online, clients are provided with multiple channels to access an easy-to-navigate online platform for checking prices and trading.
This includes a mobile commerce channel using mobile phones where customers can view live prices in real time, which was added in June 2008. Subsequently, in 2011 and early 2012, applications for iPhone, Android and iPad were introduced for more convenient trading on the go under his Online brand, limtan.com.sg.
Lim & Tan Securities currently offers a unique web chart where clients can view 10 years of data, set and receive alerts and alerts in real time. It also allows customers to select counters to compare using a performance chart and insert trade comments for later reference.
Lim & Tan offers its customers a few types of accounts tailored to the different needs of individual investors:
Lim & Tan also offers different types of services on their trading platform:
The company offers 4 different accounts for different individuals with precise demands. Let’s see them.
The company has in general 5 different key features, which are both competitive and valuable, so most of the investors can be informed of every news concerning the shares they trade, they can have also a large-scale US research provided by the company’s researchers, and finally they can get SMS or push-notifications about the activity through their profiles.
With this feature you are more informed about your US trades. Clients can check both global US trades and your own ones.
The Market overview showcases the entire US market at a glance and also shows stocks on the screen. Check out the performance of each sector and industry, research activities undertaken by firms, or stay on top of any upcoming earnings announcements on the same site. The overview provides easy access to the following features:
This feature is the leading one, as it gives you a chance to not only track your own stocks but also global US stocks, so this is definitely a big privilege.
The LTS Daily Research (morning daily) report contains useful information about the financial markets. As a Lim & Tan customer, you will receive push notifications on the ‘limtan’ mobile app as soon as our daily research reports are released. This will allow you to view our own research reports on the go, without having to check your email account or log into the web platform for any updates. The firm’s daily research reports will give you a deeper insight into their ‘ideas of the day’, while other available data such as a summary of financial markets, insider stock trades, cash flow data, dividend list will also improve your trading journey with their help.
As part of expanding the trading experience of the LTS client, since March 16, 2015, the company has been providing its clients with free SMS Trade alerts when their orders are fulfilled in the Singapore, Hong Kong and US markets.
Delivery of SMS notifications and possible charges will be subject to your current service agreement with your mobile operator. Trading SMS notification is not available for CFD account users.
BUT, this service only applies to registered Singapore mobile numbers. If you don’t have a Singapore registered mobile phone number, you can opt for the free email notification.
So what is the difference between stocks and trade alerts?
Stock alerts are alerts that notify you when the prices of the meters you select have reached the prices you set in your alert criteria. Trade alerts are notifications that alert you that a sufficient number of orders have been filled for your orders.
Also, it is important to note that SMS Trade notifications are free starting March 16, 2015, and SMS Stock notifications are charged at $ 5 for each block of 25 SMS. Alternatively, you can exchange your LimTan points for SMS promotion alerts.
As part of enhancing your trading experience effective June 1, 2016, you can find SGX news and announcements as part of the Lim & Tan online trading platform.
SGX News has the following news and announcement categories:
You can view news and announcements according to the selected period. News and announcements from January 1, 2016 will be available, including financial statements for 2015 and first quarter of 2016.
From September 27, 2018, LTS customers will be able to receive mobile app push notifications while on the go. Mobile app push notifications include SGX trade, promotions and news. With this feature, customers can now make more informed deals.
For more information, for example, what you can do if you have changed your mobile device, or if you want to know if it is possible to register more than one mobile device, you can look at the official website. There are many helpful Q&As, so go ahead to find answers to your questions.
Lim & Tan Fees are different depending on the type of your trading.
If you’re trading online the fees will be:
In order you are trading from your phone the fees will be a bit different from the online option:
Now let’s see the fee structure depending on the chosen account:
Here we have two fee types: lower brokerage rates and longer interest-free period. If the contract size is $50,000 or below the lower brokerage rates will be 0.28% , and the longer interest-free period fees will be 0.4%.
If the contract size is above $50,000 – $100,000 than for lower brokerage rates your fees will be 0.22% and for the second option fees will be 0.32%.
And the last one, if your contact amount is above $100,000 your fees will be accordingly 0.18% and 0.20%.
Here again we have two types of commissions, online trading and advisory trading rates. First of all, the minimum online trading commission for users of this account is $18, and for advisory trading you will have to pay $30.
If the contract size is $20,000 and below, the fees will be 0.22% for online trading and 0.35% for advisory trading. If the contract amount is above $20,000 – $50,000 the commissions will be accordingly 0.18% and 0.30%. And finally if your contract size is above $50,000 the commissions will be 0.15% and 0.25%.
You can apply online for an LTS trading account if you are over 21 years old and have no crime records. To apply, go to the Lim & Tan Securities website and click the “Open an Account” button to continue.
To open CFD and SMF accounts, you need to contact a sales representative or visit the LTS office at 16 Collyer Quay, # 15-00, Income at Raffles, Singapore 049318.
If you want to open a Young Investor (YI) trading account, you need to be over 18 and under 21 and you must complete GCE A levels or study at a tertiary or Polytechnic.
To start investing in the Singapore stock market, you need to open an account with the Central Securities Depository (CDP). If you do not have an existing CDP account, you need to register for a CDP account online before applying for a trading account with Lim & Tan Securities.
If you are verified by MyInfo but do not have a CDP account yet, you can apply for one directly through Lim & Tan Securities.
So you click the button ‘Open an account’. It automatically opens a new tab with a notification to have the following documents to apply for the trading account.
Other documents that may be needed:
Here is another advantage of LTS Company, their customer support is really strong. First of all to protect customers’ online trading, the LTS online trading platform offers additional security such as encryption and 2FA to keep your account safe.
But how does Lim & Tan Securities protect your money? LTS is regulated by the Monetary Authority of Singapore (MAS) and has Capital Markets Services (CMS), so it is imperative to comply with all rules designed to protect your clients’ funds by constantly separating them from their own account.
In the other hand you can easily find their coordinates and contact them in case you have any problems or questions starting from technical and ending with questions concerning the trades.
On their official website, on the ‘Contact Us’ section you will be able to find in-depth information such as telephone numbers for local and overseas users, also emails and an interesting survey if you are glad with the services they provide.
The only disadvantage is that their working hours are 8.30 a.m. to 5.45 p.m. Mondays to Fridays.
This is a relatively good option in Singapore for those people that have the self-control to DIY invest, which is easier said than done.
It is a very Singapore-centric option though, so isn’t ideal for expats or locals that will move overseas.
Further Reading: Friends Provident International Reserve Bond Review