Mobile BrokerFAQ
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01. 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 securities transactions.
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02. What is the difference between a Mobile Broker and a Remisier?
As a Mobile Broker, you may choose to work from outside office premises. Remisier, on the other hand, is based in the office during market trading hours.
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03. Do I get a basic salary?
No, as a Mobile Broker, your income is 100% commission-based.
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04. Can I keep my current job?
No, Mobile Broking is a FULL TIME and it is a requirement for you to leave your current job.
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05. What is the minimum educational requirement?
The minimum qualification under the Securities and Futures Act is GCE 'A' Level or Polytechnic Diploma. You will also need to acquire a Representative License by MAS, which requires you to pass Modules 1A, M5, 6 and 6A of the Capital Markets & Financial Advisory Services (CMFAS) Examination.
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06. Will training be provided?
Suitable candidates will be provided with the training and assistance to prepare them for the examinations.
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07. 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.
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08. 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.
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09. 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.
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10. How do I apply to become a Mobile Broker?
You may CLICK HERE to apply.
This advertisement has not been reviewed by the Monetary Authority of Singapore.