Lim & Tan Securities review: Fees and share trading | Finder SG
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Lim & Tan Securities Review

Take control of your investments anytime, anywhere with LTS online and mobile trading platforms.

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Established in 1973, Lim & Tan Securities (LTS) is an institutional stock brokerage firm and amongst the first to introduce online share trading in Singapore in October 1998. Known as ‘limtan.com.sg’, LTS online trading brand now includes mobile and iPad apps, which provides its clients faster and added convenience.

Find out more about how you can trade on Lim & Tan Securities and if any of its accounts are suitable for you.

Quick take

Good for
  • Trading platform available on web and mobile
  • Daily market reports such as the latest news and market analysis
  • Reward programme
Not so great for
  • Primitive interface and usability
  • Limited global markets

What investments do Lim & Tan Securities offer?

You can trade the following investments through LTS:

  • Contracts For difference (CFDs). An contractual agreement between two parties to settle the difference between opening and closing prices, multiplied by the number of underlying shares specified in the contract. CFDs allow customers to participate in the price movement of an underlying product without actually owning the asset, which can be a share, an index, a commodity or more.
  • Share Margin Financing. Access extra capital from LTS and boost your investments in stocks and shares. When you trade securities on margin, the purchased assets form the collateral for the loan.
  • Cash Collateralised Trading (CCT). Trade equities listed on the Singapore Exchange (SGX) and Shanghai-Hong Kong Stock Connect (SH-HK). The trading limit is based on the funds you have in your Lim & Tan Securities SGD trust account. In addition, you’ll also earn interest on the Singapore dollars in the account.

Key features of Lim & Tan Securities

LTS online trading platform is equipped with advanced tools such as:

  • Multi-market trade. Trade a wide range of securities available on Singapore (SGX), Malaysia (Bursa), Hong Kong (HKEx), China (SH-HK) and US (NYSE, NYSE, NASDAQ and AMEX).
  • Live charts. Stay updated with fast-moving price chats and customisable indicators to monitor your trades.
  • Advanced trading information. Enhanced your trade with in-depth data such as Time & Sales, Trade Summary, Market Depth and more.
  • Batch Order and Force Key functionality. You have the option to place an order and submit a price at a stipulated bid size level.
  • Customised watchlist and portfolio management. Be in the know on the latest price movements of both local and foreign counters with up to 5 customisable watchlist. You may add up to 50 counters to each watchlist.
  • Stock alerts facility. Receive trade, stock and SGX news alerts via SMS, mobile app push notifications and email.
  • Online statements. Access your e-statements conveniently and securely from your account anytime.

      What research does it provide?

      Enhance your trade with Lim & Tan Securities proprietary research and latest market news:

      • SGX News. Gain invaluable insights from the SGX News and announcements embedded within the Lim & Tan Online Trading platform. Find the latest news on individual SGX counters with a variety of categories, including financial statements, corporate actions, interest charges and more.
      • US Research. Get an overview of the US market and make better-informed trades. Screen stocks, sector and industry analysis, companies’ research, earning announcements and more.
      • LTS Daily Research report. Proprietary daily research reports providing an in-depth view of the financial markets, insider share transactions, fund flow data, dividends list, stock picks and more.

      Types of accounts offered by Lim & Tan Securities

      Account TypeKey Features
      Contract For Difference (CFD)
      • Leverage products traded on margin
      • Flexibility to trade both rising and falling markets
      • Trade up to 10 times for STI component stocks and up to 3.3 or 5 times for non-STI component stocks.
      • Trade directly into the market with Direct Market Access (DMA) for Singapore contracts.
      • Requires a minimum cash deposit of S$2,000
      Share Margin Financing (SMF)
      • Credit facility
      • Trade securities and warrants on SGX and marginable securities listed on Bursa, HKEX and the US markets.
      • Choice of either a longer interest free period or lower brokerage rates
      • Requires a minimum initial cash deposit of S$5,000 or S$10,000 worth of marginable securities as collateral
      • Trade up to 3.5 times of your cash deposit, or 2.5 times the value of your collateral
      • 10-calendar days interest-free financing (from the due date of any purchase)
      Cash Collateralised Trading (CCT)
      • Trade equities listed on SGX and SH-HK
      • For SGX trades, you can enjoy the following features:
        • Interest rate of 0.8% p.a on cash deposited in the account
        • Fee waiver for dividend handling and sub-account maintenance (For SGX only)
        • Fund withdrawal in one working day
        • Contra allowed
      • Brokerage rates: 0.18% for SGX trades (min. S$18) and 0.25% for SH-HK trades (min. CNY88)
      Young Investors (YI)
      • Trade equities listed on the Singapore Exchange (except for Structured Warrants, Leveraged Products and Specified Investment Products)
      • Young Investors Cash Account
        • Up to 5 times deposit (maximum Buy Limit of $50,000 / Sell limits of $75,000)
        • Minimum deposit of S$500>
      • Young Investors Joint Account with Parents
        • Up to maximum Buy Limit of $20,000 / Sell Limit of $30,000
        • No upfront deposit is required
      • Cash Collateralised Trading (Applicable for Online Trading Accounts)
        • 100% deposit based, subject to approved credit limit.
        • Purchases for non-contra trades are deducted from trust account and sales proceeds are credited to trust account on due date
        • Shares purchased will be custodised in LTS’ Sub-Account, and only custodised shares may be sold in the account
        • No maintenance fee for sub-account

        Pricing and fees

        Here are the fees and commissions LTS charges for the various accounts:

        SGX

        Contract SizeOnline Trading RatesAdvisory Trading Rates
        Minimum commissionS$25S$40
        S$50,000 and below0.28%0.50%
        Above S$50,000 – S$100,0000.22%0.40%
        Above S$100,0000.18%0.25%

        Other transaction charges such as a CDP imposed clearing fee (0.0325%) and SGX trading fee (0.0075%) will be applied on the gross contract amount. There’s also an SGX Settlement Instruction (SI) Fee of $0.35 per settlement. All brokerage fees and other charges are subjected to 7% GST.

        Share Margin Financing Account

        Contract SizeOption 1
        Lower brokerage rates
        Option 2
        Longer interest-free period
        S$50,000 and below0.28%0.4% or $25 whichever is higher
        Above S$50,000 – S$100,0000.22%0.32%
        Above S$100,0000.18%0.20%

        Contract For Difference Account

        Contract SizeOnline Trading RatesAdvisory Trading Rates
        Minimum commissionS$18S$30
        S$20,000 and below0.22%0.35%
        Above S$20,000 – S$50,0000.18%0.30%
        Above S$50,0000.15%0.25%

        All the fees listed are accurate at the time of writing (27 May 2020) and are subject to change.

        For all other fees and charges, please refer to the Lim & Tan Securities brokerage charges under ‘FAQs’ on their website.

        Is Lim & Tan Securities safe?

        To protect clients’ online trades, the LTS online trading platform offers additional security such as encryption and 2FA to keep your account safe.

        • Encryption. All information exchanged on the secure pages is encrypted to protect your data from getting tampered with. Make sure that the LTS login screen and subsequent trading screens are secured by looking out for a padlock icon on your browser’s address bar.
        • 2-Factor Authentication (2FA). To enhance your account security, you may apply for a OneKey token and set up your 2FA. Once you’ve successfully linked your physical OneKey token, you can also 2FA SMS OTP.

        How do Lim & Tan Securities keep my money safe?

        LTS is regulated by The Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS), so it is mandatory to comply with all regulations designed to safeguard its clients’ funds by keeping it segregated from its own account at all times.

        Pros and cons

        Advantages

        • Access advanced tools. Make better informed trades with functions such as live chats, customisable watchlists, batch order, force key functionality.
        • Convenience. Conduct a trade anytime, anywhere with Lim & Tan online trading platform or mTrade mobile app.
        • SMS Trade notification alerts. Receive complimentary SMS Trade alerts when your orders on SGX, Hong Kong and US markets are fulfilled. Keep informed while on the move when you register your devices to receive mobile app push notifications, which includes trade, stock and SGX news alerts.
        • Reward programmes. Enrol in either Lim & Tan’s reward programme or Plus! Programme by NTUC Link and earn reward/link points when you trade shares on Lim & Tan’s online trading platform. Depending on the reward programme you opt for, you may redeem either trade services or any items from LinkPoints Online Rewards.

        Disadvantages

        • Limited global exchanges. LTS only facilitates trades from markets in five countries: Singapore (SGX), Malaysia (Bursa), Hong Kong (HKEx), China (SH-HK) and US (NYSE, NYSE, NASDAQ and AMEX).
        • Higher than average brokerage fees. LTS’ platform fee (minimum $25) and commission (0.28%) are amongst the highest in Singapore.

        How do I apply for a Lim & Tan Securities account?

        You can apply online for an LTS trading account if you’re over 21 and have no record of delinquency. To apply, head to the Lim & Tan Securities website and click on the ‘Open An Account’ button to proceed.

        For the opening of CFD and SMF accounts, you’ll need to contact your Trading Representative or visit LTS’ office at 16 Collyer Quay, #15-00, Income at Raffles, Singapore 049318.

        If you wish to open a Young Investor (YI) Trading account, you’ll need to be above the age of 18 and below 21 years old and have completed GCE ‘A’ Levels or currently studying at a tertiary institution or Polytechnic.

          Central Depository (CDP) Account

          To start investing in the Singapore securities market, you’ll need to open a Central Depository (CDP) account. If you do not have an existing CDP account, you’ll need to sign up for CDP account online before applying for a trading account with Lim & Tan Securities.

          If you’re MyInfo-verified but don’t already have a CDP account, you may apply for it directly through Lim & Tan Securities.

          Required documents

          • Singaporeans/Permanent Residents:
            • Front and back photocopy of your NRIC
          • Foreigners:
            • Valid passport with at least 6 months validity
            • Work permit or employment pass (if you’re working in Singapore)
            • Proof of residential address (dated within the last 3 months): e.g. Teleco bills/utility bills/bank statement/letters issued by government bodies
          • Young Investors trading account:
            • A copy of the student ID, matriculation card or EZ-link card
            • Front and back photocopy of your NRIC
            • Suitability Assessment Questionnaire
            • Standing Instruction for Trust account form
            • Duly completed acknowledgement form for “A Beginner’s Guide to Trading/Investing In Shares For Young Investors”

            Supporting documents

            • CPF contribution history and computerised payslip; OR
            • Latest IR8A; OR
            • Latest CDP Statement
            • Bank account information, if you’re applying for Electronic Payment for Shares (EPS).
            • 12 digit CDP account number
            • For Foreign Tax Resident: Foreign Tax Identification Number (TIN).

            How do I contact support from Lim & Tan Securities?

            If you have any enquiries, you may reach Lim & Tan Securities through the following contact details:

            • General hotline: 6533 0595
            • Online trading helpdesk: 6799 8188
            • Night desk (US trading): 6533 4192 / 9703 (Singapore Time 9 pm to 1 am)
            • Email: mail@limtan.com.sg

            Frequently Asked Questions

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            Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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