View commission rates and charges.

View list of holidays

View commission rates and charges.

Contact your Trading Representative to subscribe to Live Price Feed for the US markets at S$10 per month. 

iOCBC does not participate in Pre-Open and Pre-Close extended trading hours. Any US orders submitted via iOCBC before 9.30am (Eastern Time) will only be processed after 9.30am (Eastern Time) and routed to the Exchanges. 

If you have entered a higher buying price or a lower selling price than the opening price, your order will be executed based on the prevailing market conditions after market opens at 9.30am (Eastern Time).

View list of holidays

The following trading abbreviations will appear in the “Remarks” column on iOCBC trading platform.To find out more information on the corporate action or trading status on the listed companies, kindly refer to the official websites of the respective Exchanges.

American Depositary Receipt (ADR)

An ADR allows an investor to trade in non-US companies stocks in the United States instead of investing through the overseas exchanges. An ADR investor receiving shares of such foreign companies stocks will be charged with ADR fees by ADR agents to compensate them for inventorying the non-US shares and performing registration, compliance, dividend payment, communication, and recordkeeping services.
The ADR fee amount and frequency of charge will differ depending on each ADR and customer may refer to the relevant ADR prospectus for more details.

Global Depositary Receipt (GDR)

The global equivalent of an ADR, a GDR is issued by a depository bank which allows an investor to trade in stocks of a foreign company in more than one country. GDR agents will charge GDR fees as compensation for inventorying the foreign shares and performing registration, compliance, dividend payment, communication, and recordkeeping services.
The GDR fee amount and frequency of charge will differ depending on each GDR and customer will be charged accordingly.

Declaration Forms

To start trading in the US markets (NYSE, Nasdaq and Amex) please complete the following forms:

1) W8-BEN form (For Non US citizens)
2) Risk warning statement form

The purpose of the W-8BEN Form is for US Inland Revenue Tax Purpose and is compulsory for all non-US citizens and residents. You are not able to trade in the US market if you are a US citizen or a green card holder.

Forms are valid for 3 years.

From 1 January 2023, a 10% withholding tax will be imposed on the proceeds from the sale of PTPs and certain PTP distributions credited to non-U.S. residents – unless the sale or distribution qualifies for an exception. The above withholding tax is over and above the existing withholding tax of 37% on PTP distributions.

The 10% withholding tax is imposed by the U.S. Internal Revenue Service (IRS) under code section 1446(f). For more details, please refer to the U.S. IRS here.

Due to the complexity of the withholding tax under IRS Section 1446(f),

(a) with effect from 27 December 2022, OCBC Securities will cease to accept all Buy orders and transfer-in requests for US PTP securities; and

(b) with effect from 1 January 2023, OCBC Securities will also cease to accept Sell orders.

For a non-exhaustive list of PTP securities (compiled from external sources), kindly click here. Do note that this list may change from time to time without prior notice and we are not responsible for the timeliness, accuracy, and completeness.

Transfer-in of any US-traded securities that are priced less than 50 cents per share (USD) from another broker to OCBC Securities is restricted.

This change is in adherence to FINRA’s Regulatory Notices concerning low-priced securities and restrictions of securities commonly associated with securities fraud red flags. For more information, please refer to FINRA’s website here.