Remisier FAQ
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01. What is a Remisier?
A Remisier is an agent of a stockbroking company who provides professional advice in stocks and share trading and carry out trade executions for clients.
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02. What is the difference between a Remisier and a Mobile broker?
As a Remisier, you are based in the office during market trading hours. You have your own work area with fixed phone lines and a trading terminal linked to the SGX trading system.
A Mobile Broker, on the other hand, may choose to work from outside office premises as long as there is internet access.
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03. Do I get a basic salary?
No, your income is 100% commission-based. You earn a brokerage commission for each trade execution on behalf of your clients.
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04. Can I keep my current job?
No, Remisier is full-time position and it is a requirement that you 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
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06. Do I need a licence to trade?
Yes, you will need a Representative Licence with MAS, which can be acquired by passing Module 1A, M5, 6 and 6A of the Capital Markets & Financial Advisory Services (CMFAS) Examinations.
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07. Will training be provided?
Yes, we will be given assistance to prepare you for the CMFAS Examinations and on-the-job training.
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08. Are there any startup costs involved?
It is a SGX's requirement that you place a refundable security deposit of S$30,000 which may be in the form of cash or banker's guarantee.
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09. Will I be given a portfolio of clients to manage?
No, you will acquire your own clients and grow your client base.
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10. Are there any risks involved for me as a Remisier?
You are fully liable for any bad debts that may be incurred by your clients.
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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.
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12. How do I apply to become a Remisier?
You may CLICK HERE to apply.
This advertisement has not been reviewed by the Monetary Authority of Singapore.