Review of IOCBC Securities Trading Platform
Team of STO Investment Platforms Reviewers
IOCBC provides an extremely convenient way to buy and sell shares of any business in Singapore, whether SGX-listed or not.
IOCBC is a securities trading platform based on PC. It provides trading services for securities listed on the Singapore Exchange Securities Trading Ltd (SGX-ST).
Today we will be reviewing IOCBCs Sto platform in depth , so that you can understand what it has to offer, and if it is convenient for you.
Who is IOCBC?
IOCBC.sg is owned by NMS Ventures Pte Ltd, who are in turn part of the big conglomerate Natrual Market Securities(NMS) Holdings Limited in Hong Kong.
They have offices in the USA, UK and Singapore. What sets them apart from other trading platforms is that they provide a wide range of services, from stocks to indices, from funds to warrants.
They offer a lot of services that are generally not available in South East Asia. They have been around for over 15 years and use the latest technology in the market. The system is considered very safe and efficient.
How does IOCBC compare with other trading platforms?
IOCBC.sg is a solid platform which you can use to trade stocks with ease , especially for first timers who are not familiar with trading or have some account issues on other platforms, but still want to participate in the market.
As it is more self-service driven, meaning that users will be required to do most of their own work, people who are very computer illiterate should look to other platforms.
IOCBC was not built for self-directed investors or traders, but it has all the functions you need for your daily stock checks.
If you are familiar with trading and have time on your hands, I recommend trying out other platforms. However, if you are on the go , IOCBC might be your best bet.
We will further explain IOCBCs services and how it compares with other platforms in this article.
How does IOCBC work?
IOCBC is a securities trading platform based on PC or Mac . It provides trading services for securities very fast and easy.
It is self-service driven, meaning that you will have to do most of the work yourself, or use the information provided to make your own decisions.
The platform is not designed for self-directed investors or traders, but it has all the functions you need.
With a few clicks you will be able to make your way around the site and find what you need without problems.
What is available?
· Secure online trading platform with fast transactions and authentication system that makes use of your SingPass to give you access to your account, allowing for fast and safe transactions.
· Real-time and historical trade information.
· Annual reports and financial statements of listed companies as well as investment research .
· Live stock prices and real – time quotes for over 1000 securities.
There is also a forum where you can share your stock check and reviews.
Features offered by IOCBC
There are a number of features available on the platform which you will need to familiarize yourself with. No tutorial is provided, so it is up to you to learn by using them.
You can find them in the menu bar at the top of the page:
· Market – Here you can buy, sell or view your orders. It also includes an order book, providing information about the number of buy and sell orders as well as their prices and volume .
· Orders – Here you can view your orders and cancel them, if needed. You will need to login again before you do it though.
· Portfolio – Provides access to all your account information, including your balance and holdings . It also shows you the current status of your orders.
· Charts – Here you can find real – time charts for some securities or indices , as well as some simple technical analysis tools to help you with stock selection and decision making.
IOCBC is a self-service driven platform with limited phone support, meaning that you will have to do most of your work yourself or use their service information provided to make your own decisions. It offers lower fees compared to other trading platforms as well as many accounts suitable for different needs.
The fees are much lower compared to other platforms, and the account plans vary depending on your needs.
Who is IOCBC for?
IOCBC.sg offers a wide range of services from stocks to indices, from funds to warrants. It works well for people who want a safe platform that minimizes risks and have time on their hands, but it is not for people who are new to trading.
It’s also good if you live in Singapore, but remember that there are other platforms available all around the world.
IOCBC.sg is a good platform for investors of different calibers, from beginners to experienced traders . It provides easy access and plenty of functions , with very low transaction fees.
It is also suitable for day traders, but for people who want to use IOCBC as their main trading platform, they might need more features.
· Wide range of services available, from stocks to indices, funds to warrants.
· Low fees compared to other trading platforms .
· Not recommended if you are just starting out in the market or do not have much time on your hands.
· Limited phone support.
We have to say that IOCBC is a good platform for investors of different calibers , from beginners to experienced traders . It provides easy access and plenty of functions, with very low transaction fees.
There are other platforms available all around the world, but it’s always best to choose one in your own country.
It’s also suitable for day traders, but for people who want to use IOCBC as their main trading platform, they might need more features.
In general, it is a safe and secure platform that gives you access to information about different products from all over the world. We believe that they are a good option if you are interested in buying and selling shares fast, but it may lack some advance or key features you might find on other platforms.
Overall rating: 8.5/10.