Standard Chartered Securities Review

Category: Reviews | Author: Trading Brokers | Date: February 1, 2024

Standard Chartered Securities (India) Limited, part of the renowned Standard Chartered Bank, is a seasoned player in the Indian broking landscape. Registered with major Indian exchanges like BSE and NSE, it offers a spectrum of trading options including equities, derivatives, and more. With a focus on providing a seamless trading experience, it boasts a secure online platform, a mobile app for traders on the move, and a wealth of educational resources to guide its clients. This review will delve into the details of what Standard Chartered Securities has in store for investors and traders alike.

Pros & Cons

  • Offers a 3-in-1 account, combining Trading, Demat, and Savings Bank accounts for convenient management of trading and banking activities
  • Provide a variety of educational resources, including Market Commentary, News, and a Knowledge Center
  • Offers a wide range of markets to trade in, including Equity, Derivatives, Currency Derivatives, NDPMS, IPO, Bonds, and Debentures
  • The minimum transfer amount from a Standard Chartered Bank account to a trading account is Rs. 100, which might be a limitation for some traders
  • Information about the company's regulatory status outside of India is not readily available
  • Does not offer any specific trading tools, which might be a drawback for some traders

Summary

Standard Chartered Securities

Standard Chartered Securities

Standard Chartered Securities (SCS), a subsidiary of Standard Chartered Bank, is a well-established broking company with a strong presence in the financial market. With over 25 years of experience, SCS has carved out a niche for itself in the trading world, offering a wide range of services to its clients.

One of the key features of SCS is its diverse range of trading platforms. They offer a secure online trading website and a powerful mobile app, SC Trading, which allows clients to trade and track markets 24/7. These platforms are designed to provide a seamless trading experience, with features like simplified navigation, super-fast trade execution, and an integrated view of holdings and transactions.

In addition to its trading platforms, SCS also offers a variety of educational resources. Their Knowledge Center is packed with articles, guides, and other resources that can help traders understand the ins and outs of trading. They also provide market commentary and news updates to keep their clients informed about the latest market trends and movements.

SCS is also known for its wide range of markets. Clients can trade in Equity, Derivatives, Currency Derivatives, NDPMS, IPO, Bonds, and Debentures. This diversity allows traders to choose the market that best suits their trading style and risk tolerance.

When it comes to account types, SCS offers a Demat account and a 3-in-1 account, which combines Trading, Demat, and Savings Bank accounts. This 3-in-1 setup makes it convenient for clients to manage their trading and banking activities all in one place.

However, while SCS offers a lot of strong features, it’s important for traders to keep reading and learn more about the company. There are other aspects to consider, such as funding methods, customer support, and regulatory status, which we will discuss in the following sections. So, stay tuned for more information

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Regulation

Now, this is a pretty important topic because it’s all about ensuring that the company is operating legally and ethically. When it comes to regulation, SCSI is registered as a trading and clearing member with the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE). This means that they’re authorized to operate in the stock market. Their SEBI Single Registration Number for NSE & BSE is INZ000231932.

According to the Securities and Exchange Board of India (SEBI), only registered members can operate in the stock market. So, SCSI being a registered member means they’re following the rules and regulations set by SEBI.

So, as you can see, Standard Chartered Securities is regulated by some pretty big names in the financial world. But remember, it’s always a good idea to do your own research and make sure you’re comfortable with the company you’re dealing with.

And if you’re interested in exploring other options, please see a list of regulated brokers for some alternative options.

Platforms & Tools

Standard Chartered Securities offers a couple of platforms for their clients to trade on, but it seems they don’t provide any additional trading tools. Here’s a quick rundown of what they’ve got:

  • Online Trading – Website: This is their new and secure website that lets clients trade across different exchanges and devices. It’s designed with simplified navigation for ease of use, boasts super-fast trade execution, and provides an integrated view of holdings and transactions. Clients also get access to advanced reports and extensive research coverage.
  • SC Trading Mobile App: This is a powerful, clutter-free trading app that’s perfect for keeping up with the dynamic markets. It allows trading in Equities & Derivatives, tracking stocks without needing to log in, and creating a personalized Market Watch. The app supports trading 24/7, buying/selling with a single swipe, and offers Intraday Charting. Plus, it gives quick access to holdings and supports intersegment fund transfers.

So, while Standard Chartered Securities seems to have their platform game on point with a website and mobile app, they don’t offer any specific trading tools.

Education

Standard Chartered Securities offers a few educational resources to help their clients stay informed and make smart trading decisions. Here’s what they’ve got:

  • Market Commentary: This is where you’ll find expert analysis and insights on the latest market trends and movements. It’s a great resource if you’re looking to understand the bigger picture or get a sense of where the market might be heading.
  • News: Standard Chartered Securities keeps you updated with the latest news affecting the markets. This could be anything from major economic announcements to changes in government policy. Staying on top of the news can help you make timely and informed trading decisions.
  • Knowledge Center: This is a bit like a library of useful information. It’s packed with articles, guides, and other resources that can help you understand the ins and outs of trading. Whether you’re a beginner looking to learn the basics or an experienced trader wanting to deepen your knowledge, the Knowledge Center has got you covered

Markets

Standard Chartered Securities offers a pretty diverse range of markets for their clients to trade in. Here’s a quick rundown:

  • Equity: This is all about buying and selling shares in companies. When you buy equity, you’re essentially buying a piece of a company and becoming a shareholder.
  • Derivatives: These are financial contracts that derive their value from an underlying asset. They can be used for hedging risk, or for speculative trading.
  • Currency Derivatives: These are a type of derivative where the underlying asset is a currency exchange rate. They’re used to hedge against fluctuations in foreign exchange rates.
  • IPO: This stands for Initial Public Offering, which is when a company first sells its shares to the public. It’s a great opportunity to get in on the ground floor of a company.
  • Bonds: These are essentially loans that you give to a company or government. In return, you get regular interest payments and the promise that your loan will be paid back at a certain date.
  • Debentures: These are similar to bonds, but they’re not secured by physical assets or collateral. Instead, they’re backed by the general creditworthiness and reputation of the issuer.

So, whether you’re into stocks, derivatives, or bonds, Standard Chartered Securities has got you covered.

Accounts

Standard Chartered Securities offers a couple of account types for their clients. Here’s a quick look at what they’ve got:

  • Demat Account: This is an account that holds all your shares and securities in electronic form. It’s like a bank account, but instead of money, it holds shares. It’s a must-have if you’re planning to trade in the stock market.
  • 3-in-1 Account: This is a pretty cool offering from Standard Chartered Securities. It’s a combination of a Trading account, a Demat account, and a Savings Bank account. The Trading account is opened with Standard Chartered Securities India Ltd (SCSI), while the Demat and Bank accounts are opened with Standard Chartered Bank (SCB). This 3-in-1 setup makes it super convenient to manage your trading and banking activities all in one place.

So, whether you’re just looking to dip your toes in the stock market with a Demat account, or you want the full package with a 3-in-1 account, Standard Chartered Securities has got you covered

Funding

Standard Chartered Securities offers a few straightforward methods for funding your trading account. Here’s how you can do it:

  • Standard Chartered Bank: To fund your trading account, you’ll need to link it to your Standard Chartered Bank account. The cool thing is, you can start with as little as Rs. 100, which is the minimum amount you can transfer from your Standard Chartered Bank account to your trading account.
  • Cheque: If you’re more old school, you can pay your demat charges by writing a cheque in favor of “Standard Chartered Bank.” Just remember to jot down your demat account number on the back of the cheque and drop it off at the nearest SCB branch.
  • NACH: For those who prefer a more automated approach, there’s the NACH (National Automated Clearing House) facility. You can set this up to take care of your demat charges without having to lift a finger each time.

So, whether you’re transferring funds online, writing a cheque, or setting up an automated payment, Standard Chartered Securities has got you covered with a few different options to keep your account funded and ready for trading.

Conclusion

In conclusion, they’ve got a solid offering with a secure website and a powerful mobile app for trading, a range of educational resources to keep you informed, and a diverse selection of markets to trade in. Plus, they offer a couple of convenient account types and straightforward methods for funding your account.

However, it’s worth noting that while Standard Chartered Securities offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews.

Standard Chartered Securities Logo

$100

Standard Chartered Securities is a part of Standard Chartered PLC, an international banking group primarily operating in Asia, Africa, and the Middle East. The securities division provides a range of services including real-time stock quotes, securities management via online banking, and the ability to capture securities opportunities in various markets such as Hong Kong, Mainland China, and the U.S.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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