DealerFAQ

  • 01. What is a Dealer?

    A Dealer is a direct employee of a stockbroking company who provides professional advice in stocks and share trading and carry out trade executions for clients.

  • 02. What is the difference between a Remisier and a Dealer?

    A Remisier is an agent of a stockbroking company and receives a commission for each transaction, while a Dealer is a direct employee and whose remuneration structure is based on a fixed monthly salary.

  • 03. Do I get a basic salary?

    Yes, remuneration structure is based on a fixed monthly salary with commission.

  • 04. Can I keep my current job?

    No, Dealer is full-time position and it is a requirement that you leave your current job.

  • 05. What is the minimum educational requirement?

    The minimum qualification under the Securities and Futures Act is GCE 'A' Level or Polytechnic Diploma

  • 06. Do I need a licence to trade?

    Yes, you will need a Representative Licence with Monetary Authority of Singapore (MAS), which can be acquired by passing Module 1A, M5, 6 and 6A of the Capital Markets & Financial Advisory Services (CMFAS) Examinations.

  • 07. Will training be provided?

    Yes, we will be given assistance to prepare you for the CMFAS Examinations and on-the-job training.

  • 08. Are there any startup costs involved?

    There are no startup costs involved to be a Dealer.

  • 09. Will I be given a portfolio of clients to manage?

    No, you will acquire your own clients and grow your client base.

  • 10. Are there any risks involved for me as a Dealer?

    You are fully liable for any bad debts that may be incurred by your clients.

  • 11. What kind of candidate is Lim & Tan Securities looking for?

    You should ideally be mature, entrepreneurial and self-motivated with good or potential client network, preferably with 2 to 3 years of sales experience.

  • 12. How do I apply to become a Dealer?

    You may CLICK HERE to apply.