×
Are you a New Client?

FAQ

OTHER FOREIGN MARKETS FAQ

Foreign Market Brokerage Rates (No Online Trading – Only Trade through Trading Representative)

  • 01. Australia

    Commission 0.8%
    Minimum Commission S$80
    Remittance Charge AUD$25

  • 02. Indonesia Market

    Commission 0.75%
    Minimum Commission S$80
    VAT 12% on commission (wef 1 Jan 2025)
    Transaction Levy Rate 0.0433%
    Remittance Charge Rp 200,000
    Stamp Duty
    (for contract value >Rp 10 million)    		 Rp 10,000

    Note:
    Additional Tax of 0.1% imposed on sale proceeds

  • 03. Japan

    Commission 0.65%
    Minimum Commission S$70
    Remittance Charge Yen 1,500

  • 04. Korea

    Commission 1%
    Minimum Commission S$90
    Remittance Charge WON 30,000

    Note:
    Sales: Additional Sales Tax of 0.3% imposed on sales proceeds (for board lot) and 0.5% imposed on sales proceeds (for odd lot)

  • 05. Philippines

    Commission 1.0%
    Minimum Commission S$90
    VAT 12% x Commission
    SCCP Fees Gross Amt x 0.01%
    Remittance Charge PHP 1,000/trade

    Note:

    Registration fee of PHP 1,000/trade

    Sales: Additional Sales Tax of 0.6% imposed on sales proceeds.

    Depository Fee: Portfolio value x 0.00000833 (based on month end portfolio value)

  • 06. Taiwan

    Commission 0.8%
    Minimum Commission S$100
    Remittance Charge NTD 800
    Transaction Fee NTD 1,500

    Note:

    Sales: Additional Tax of 0.3% imposed on sales proceeds

    Custody Fee: Portfolio Value of 0.2%/12 subject to a minimum of S$2 per month (Based on month end portfolio value)

  • 07. Thailand

    Commission 0.7%
    Minimum Commission S$90
    VAT 7% of commissions
    Remittance Charge THB 1,000
Trading Limit

  • 01. Do I need to place any deposit for trading?

    Yes , you need to place a deposit for Trading.

  • 02. What is the minimum deposit required for trading?

    The minimum deposit required is S$5,000.

  • 03. What will be my trading limit for the deposit placed?

    The trading limit will be set at five times the amount placed as deposit for Online Foreign Securities Markets. For example, if the deposit is S$5,000, the trading limit will be S$25,000.

  • 04. How can I increase my credit limit?

    To increase the trading limit, you need to deposit additional funds.

    For S$ : PayNow/GIRO/EPS/Cash/Cashier's Order
    For US$ : Cashier's Order or Bank Transfer.

    Important : You must inform your Trading Representative once you have sent the funds. There will be no intra-day increases in trading limits. Increase in the deposit will be in multiples of S$1,000.

  • 05. What should I do if I want to utilize or withdraw my deposit?

    Firstly, this will result in the corresponding reduction of the trading limit. This will also be possible only if the remaining deposit is sufficient to cover your open positions. For the remaining deposit, the trading limit will be based on the next lower thousand.

    For example,

    Initial Deposit S$10,000
    Amount Withdrawn (S$2,450)
    Balance Deposit S$7,550

    For trading limit purposes, the deposit will be S$7,000 and the trading limit is S$35,000.

  • 06. What is the trading limit for foreigner?

    The trading limit will be set at 2 times the collateral.

    For example, if the deposit is S$10,000, the trading limit will be S$20,000.

Trading

  • 01. How to place order(s)?

    Please contact your Trading Representative to place orders and check order status.

Settlement of Shares

  • 01. What are the Settlement Dates for the various Foreign Securities Markets?

      AUSTRALIA INDONESIA JAPAN KOREA PHILIPPINES TAIWAN THAILAND
    Settlement Date T + 2 T + 2 T + 2 T + 2 T + 2 T + 2 T + 2

    "T" denotes the Transaction Date. For e.g. If you purchase HK shares on Monday (T day), the due date for your contract is on Wednesday (T + 2). However, if the due date coincides with a Singapore public holiday, the due date is the subsequent market day.

  • 02. What are the Trading hours for each market?

    Countries Monday - Friday (Singapore Time)
      Morning Session Afternoon Session
    Australia 0700 - 1300 (Day Light Saving Hours)
    0800 - 1400 (Normal Standard Hours)
    Philippines 0930 - 1200 1330 - 1530
    Japan 0800 - 1030 1130 - 1400
    Korea 0800 - 1350
    Taiwan 0900 - 1330
    Thailand 1100 - 1330 1530 - 1730

    Indonesia Trading Session Indonesia Trading Day Indonesia Trading Hours
    Pre-Opening Session Monday - Friday 08.45.00 - 08.59.59
    Session I Monday - Thursday
    Friday    		 09.00.00 - 12.00.00
    09.30.00 - 11.30.00
    Session II Monday - Thursday
    Friday    		 13.30.00 - 15.49.59
    14.00.00 - 15.49.59
    Pre-Closing Session Monday - Friday 15.50.00 - 16.00.59
    Post-Closing Session Monday - Friday 16.01.00 - 16.15.00

  • 03. When do I make payment for my purchases?

    All purchases must be settled by due date.

  • 04. How will I know how much is the settlement amount?

    You will receive a Contract Note from Lim & Tan Securities on Trade Date +1.

  • 05. What is the settlement currency for my purchases and sales?

    The settlement currency for both purchases and sales will be settled in S$.

  • 06. Can I settle in other currency besides S$?

    Besides S$, you may choose to settle in other foreign currency for all foreign markets contracts. Please inform your Trading Representative on Transaction Date to amend the contract to your preferred settlement currency. Otherwise, the settlement amount will be in S$.

  • 07. What will be the exchange rate used?

    The exchanged rate will be based on L & T's board rate on Transaction Date and is meant for indicative purposes only.

  • 08. How do I make payment for my purchases?

    For S$ settlement: PayNow/GIRO/EPS/Cash/Cashier's Order
    For US$ settlement: Cashier's Order or Bank Transfer.

  • 09. When I sell, how do I receive my proceed?

    If your proceed is in S$, we will credit your bank account if you have opt for GIRO or the EPS facility. Otherwise it will be credited to your trust account, regardless of currency.

  • 10. Can I use my CPF/SRS fund to settle the transaction?

    No. CPF/SRS fund cannot be used to settle the foreign transaction.

  • 11. What will happen to my shares after I have made payment for it?

    The shares will be kept in safe custody by LTS 's Foreign Broker.

  • 12. Are there any charges for keeping my shares in the safe custody of LTS Foreign Broker?

    Type of Service Charges
    Monthly Foreign Share Custody Charges S$2 per counter + GST (subject to max of S$150 per quarter)
    or 0.0025% pa of Market Value of Shares whichever is applicable

    Waiver Condition: 2 trades per month or 6 trades per quarter

    Please click here to download a copy of the Schedule of Charges.

  • 13. Can I transfer the shares out from LTS Foreign Broker to my own account?

    For transfer details, you may contact your Trading Representative or our Operations department - Settlement at 6437 0145/148.

  • 14. Can I contra my purchases?

    No, contra is not allowed.

  • 15. What will happen if I do not pay on time?

    If you do not pay on time, LTS reserves the right to force sell the purchases on Due + 1 day.

  • 16. Is short selling allowed?

    No. Short selling is not allowed at the moment. Heavy fine is imposed for short selling by some Foreign Exchanges.

  • 17. Are there any Dividend Handling Fee for dividend received?

    Yes. Dividend Handling Fee is charged by Foreign Broker and LTS. Any foreign broker charges will be recovered from client.

    In addition to the foreign broker's charges, Lim & Tan's handling fee for all the markets is as follows:

    Dividend < S$10 S$3.00+GST
    Net Dividend > S$10 to S$500 S$5.00+GST
    Net Dividend > S$500 1% subject to max. of S$100+GST

    Note: All fees and charges are subject to revision without prior notice.