FAQ

OTHER FOREIGN MARKETS FAQ

Online Foreign Market Brokerage Rates
  • 01. Australia

    Commission 0.8%
    Minimum Commission S$80
    Remittance Charge AUD$25
  • 02. China "B" (Shanghai)

    Commission 0.95%
    Minimum Commission S$80
    Stamp Duty 0.30%
    Service Charges 0.15% (min US$35)
  • 03. China "B" (Shenzhen)

    Commission 0.95%
    Minimum Commission S$75
    Stamp Duty 0.30%
    Service Charges 0.15% (min US$35)
  • 04. Indonesia Market

    Commission 0.75%
    Minimum Commission S$80
    VAT 10% x Commission
    Transaction Levy Rate 0.043%
    Remittance Charge IDR 200,000

    Note:
    Additional Tax of 0.1% imposed on sale proceeds

  • 05. Japan

    Commission 0.8%
    Minimum Commission S$70
    Remittance Charge Yen 1,500
  • 06. 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)

  • 07. 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)

  • 08. 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)

  • 09. Thailand

    Commission 0.7%
    Minimum Commission S$90
    VAT Gross Amount x 0.014%
    Remittance Charge THB 1,000
Account Opening
  • 01. What should I do if I want to trade in Online Foreign Securities Markets?

    For existing Lim & Tan Securities client

    Complete the "Application For Access To Online Foreign Securities Markets Trading". Form can be downloaded here

    For New Accounts

    You can visit our main office or call our Online Trading Helpdesk (Tel: 6799 8188) to obtain a set of forms. The forms can also be downloaded here

    Please note that for all existing and new clients, access to Online Foreign Securities Markets is subject to listed SIP qualifications and further permissioning and / or documentation. Please contact your Trading Representative or Online Trading Helpdesk for more information on SIP qualifications.

  • 02. Can a US citizen be allowed to trade in US securities and securities from other Foreign Markets?

    US citizens or residents are allowed to trade in other Foreign Markets but not in the U.S. Market.

  • 03. Is there any processing fee required to open the account?

    No. There is no processing fee for opening the account. However, there will be a monthly maintenance fee of US$2.50 per month which needs to be paid upfront up till end of the calendar year.

    For example, clients who open a foreign market account in March 2017 will be charged in April 2017 an upfront maintenance fee of US$25 (US$2.50 x 10) for the months March to December 2017. For client who conduct at least 1 trade in the month, the monthly fee for that month will be waived. The waived charges will be refunded in January 2018 for the year 2017.

    Subsequently, in January 2018, clients will be charged an upfront maintenance fee of US$30 (US$2.50 x 12) for the months January to December 2018. The waived charges will be refunded in January 2019 for the year 2018 and so on.

  • 04. Can I use my limtan Login ID and password to access and trade in the Online Foreign Securities Markets?

    No. You will be issued a set of Login ID and password to access to Online Foreign Securities Markets. You will be prompt to set-up two-factor authentication (2FA) when you login for the first time.

  • 05. Can I make changes to any of the Login ID and Login Password?

    Yes. You are recommended to change the Login Password for security purposes. However the Login ID is fixed and you will not be able to change it.

  • 06. What should I do if I have forgotten my Login ID and/or Password?

    If you have forgotten your Login ID or Password, please click here to reset.

    Please note that the Request for Electronic Password service is not available for this account.

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

    Yes , you need to place a deposit for Trading.

  • 02. Are there any maintenance fee charges?

    There is a monthly account maintenance fee of US$2.50 imposed by our Foreign Broker. This fee may vary from time to time. There will be a waiver of fee if you have a minimum of one trade for that month, regardless of the contract size and share holdings in the sub-account.

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

    The minimum deposit required is S$5,000.

  • 04. 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.

  • 05. How can I increase my credit limit?

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

    For S$ : EPS/Cash/Cheque/Cashier's Order
    For US$ : Cashier's Order or Personal Cheque drawn on any Singapore Bank.

    Important : You must inform our Online Trading Helpdesk (Tel: 6799 8188) 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.

  • 06. 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.

  • 07. 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 would I know what are the lot sizes for different stocks in the different markets?

    When you do a code search for any preferred stock in any selected market, there will be a display of the lot size for that particular stock.

  • 02. What are the different Order Types available?

    Available Order Types include: Limit Order, Market Order, Stop Limit Order, Two-Way Sell Order, "Good Till Date" Order, Chain Order, Multi-Order and Managed Stored Order. For more information on each Order Type, please refer to Foreign Market Order Type Explanation

  • 03. What is the Multi-Order Function?

    Using the Multi-Order function, you can place and submit up to 10 buy or sell orders simultaneously.

  • 04. How to place multiple order(s)?

    On the menu bar, go to "Trade & Status" > "Place Order" > "Multi-Order";

    On the "Multi-Order / Manage Stored Order" page, enter the first order, then click [Add];

    To enter another order, just click [Add Order] or [Copy Order ID #1];

    Check all your orders on the list;

    Click [Submit Order];

    Your orders are received by MONEX BOOM, and each order submitted has its own Order ID.

  • 05. How do I know my order has been filled?

    All partially/fully filled orders will be automatically updated under History. At all times, please attempt to check the actual quantity filled under History - status "Instruction executed" and "Closed". To check the History details of any order that has been successfully received by our system, please click on the order number of that order.

    There is no amalgamation of orders for Foreign trades. All Buy orders of the same stock fulfilled on the same day will be treated as separate contracts and will be each charged the relevant brokerage. The same applies to all Sales orders of the same stock fulfilled on the same day.

  • 06. Will I be able to amalgamate my Foreign trades?

    There is no amalgamation of orders for Foreign trades. Each fulfilled order will be treated as an individual contract and brokerage will be charged accordingly for each of the contracts. For example, two buy orders of counter X fulfilled on the same day will be treated as two separate contracts for brokerage calculation. The same applies for sell orders.

    To minimise brokerage charges for foreign trades, please consider consolidating the quantities to buy or sell into as few orders as possible.

  • 07. How do I know how much I need to pay?

    Lim & Tan Securities Pte Ltd will issue contract notes for all filled trades and these will be mailed to you on T+1. Please check the contract notes for the settlement amount required.

  • 08. What should I do if I need to place, withdraw or amend some orders urgently but have no access to my computer?

    Please contact your remisier or our Online Trading Helpdesk directly at Tel: 6799 8188 if our website or trading system is experiencing any technical problems resulting in you unable to access our website or place any orders. All other reasons causing your failure to trade will be assessed on a case-by-case basis.

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

      AUSTRALIA CHINA "B" INDONESIA JAPAN KOREA PHILIPPINES TAIWAN THAILAND
    BUY T + 3 T + 2 T + 2 T + 3 T + 1 T + 3 T + 1 T + 3
    SELL T + 3 T + 3 T + 2 T + 3 T + 2 T + 3 T + 2 T + 3

    "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)
    China "B" 0930 - 1130 1300 - 1500
    Philippines 0930 - 1200 1330 - 1530
    Japan 0800 - 1030 1130 - 1400
    Korea 0800 - 1350
    Taiwan 0900 - 1330
    Thailand 1100 - 1330 1530 - 1730
      Monday - Thursday (Singapore Time) Friday (Singapore Time)
    Indonesia 10.30 - 13.00, 14.30 - 17.00 10.30 - 12.30, 15.00 - 17.00
  • 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$, you may choose to settle in other foreign currency for all foreign markets contracts. Please inform your Trading Representative or the Online Trading Helpdesk (Tel: 6799 8188) on Transaction Date to amend the contract to your preferred settlement currency. Otherwise, the settlement amount will be in S$.

  • 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: EPS / Cash / Cheque /Cashier's Order
    For US$ settlement: Cashier's Order or Personal cheque drawn on any Singapore bank.

  • 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 the EPS facility. Otherwise a cheque payment will be made in your name.
    If your proceed is in US $, a cheque payment will be made in your name.

  • 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 Maintenance Charge
    (except US and HK markets)
    US$2.50 per month
    (Eg. Clients who open a foreign market account in March 2017 will be charged in April 2017 an upfront maintenance fee of US$25 (US$2.50 x 10) for the months March to December 2017.)

    Waiver Condition: For clients who conduct at least 1 trade in the month, the monthly fee for that month will be waived. The waived charges will be refunded in January 2018 for the year 2017.
    Subsequently, in January 2018, clients will be charged an upfront maintenance fee of US$30 (US$2.50 x 12) for the months January to December 2018. The waived charges will be refunded in January 2019 for the year 2018 and so on.
    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?

    Yes, transfer request is allowed. You may contact Operations department at 6437 0145 / 6437 0105.

  • 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.

    Foreign Broker's charges for the following markets:
    Market Charge/Announcement Currency Minimum Maximum
    Australia A$5 AUD N/A N/A
    Japan 0.50% JPY 200 200
    All Other Markets US$5 USD N/A N/A

    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.

System Requirements
  • 01. Why do I encounter some error message when I click on the link of my
    selected market in order to login?

    Please ensure that your browser accepts cookies.

    If you experience any other technical problems, please contact our Online Trading Helpdesk at Tel: 6799 8188.