|
 |
MOBILE BROKING FAQ |
|
 |
| |
|
| Q1: What is a Mobile Broker? |
 |
|
| |
A Mobile Broker’s job scope is similar to that of a Remisier. You will acquire and build up your client base, earning brokerage commission based on their equity transactions.
| Q2: What is the difference between a Mobile Broker and a Remisier? |
|
|
| |
As a Mobile Broker, you may choose to work from home or anywhere else as long as you have access to the internet. Remisiers, on the other hand, are based in the office during market trading hours.
| Q3: Do I get a basic salary? |
|
|
| |
No, as a Mobile Broker, your income is 100% commission-based.
| Q4: Can I keep my current job? |
|
|
| |
No, Mobile Broking is a full-time position and it is a requirement for you to leave your current job.
| Q5: What is the minimal educational requirement to become a Mobile Broker? |
|
|
| |
The minimal qualification under the Securities and Futures Act is 4 GCE ‘O’-Level credit passes.
You will also need to acquire a Trading Representative’s License with MAS, which requires you to pass Modules 1A, M5, 6 and 6A of the Capital Markets & Financial Advisory Services (CMFAS) Examination.
| Q6: Will training be provided? |
|
|
| |
Suitable candidates will be provided with the training and assistance to prepare them for the examinations.
Q7:
|
Are there any startup costs involved? |
|
|
| |
You will be required to place a refundable security deposit in the form of cash or banker's guarantee of at least $30,000 with our company.
Q8:
|
Are there any risks involved for me as a Mobile Broker? |
|
|
| |
You are fully liable for any bad debts that may be incurred by your clients.
Q9:
|
What kind of candidate is Lim & Tan Securities looking for? |
|
|
| |
You should ideally be self-motivated, driven and experienced in the trading of securities, as well as possess a list of potential clients in your network. A background in sales would be advantageous.
| Q10: |
How do I apply to become a Mobile Broker? |
|
|
| |
You may write in or email your application with your full personal and professional details, together with a recent photograph, to recruit@limtan.com.sg
|
Celebrating 38 years in Stockbroking
|
|