New EASY INVEST service from SCBS Offshore trading will be available this June
New EASY INVEST service from SCBS Thailand’s first one-stop app for investment, FX, and fund transfers for every investment style. Under a “smooth offshore trading with friendly commission fees” concept.
The EASY INVEST app has been developed by SCB Securities (SCBS) as an open architecture investment platform for every digital era investment style. Users only need to open an account and they can then invest in domestic and international stocks, bonds, and mutual funds. For 2021, the EASY INVEST app aims to be the top investment app in users’ minds, featuring the most comprehensive range of investment products in the market, and a user experience matching their digital lifestyles. In June, offshore trading will be available on the EASY INVEST app. Under a “smooth offshore trading with friendly commission fees” concept the EASY INVEST app will be the first investment app in Thailand allowing users to conveniently make fund transfers and exchange currencies with no fees for offshore trading and no need for document submission, while enjoying the lowest trading commission fees in the market. With this one-stop investment solution, SCBS is moving toward its goal of becoming the “Most Admired Investment Broker,” and experiencing 10-times growth in the number of offshore trading users within 2021.
SCBS Chief Executive Officer Kampol Jantavibool said that thanks to digital platforms, corporate and retail investors have more opportunities for new convenient investment alternatives at lower fees. Offshore trading will be available on the EASY INVEST app in June, as an upgraded investment service under a “smooth offshore trading with friendly commission fees” concept. One highlight of the service is convenient trading via the first investment app in Thailand allowing users to conveniently make fund transfers and exchange currencies with no offshore trading fees and no need to submit documents. Offshore trading on the EASY INVEST app offers the lowest trading commission fees of USD 0.08/share and a minimum fee of USD 4.99/transaction for US stock markets, and 0.20%/share and a minimum fee of HKD 100/transaction for Hong Kong stock markets.
SCBS is developing savings and wealth management technology catering to every investor’s investment style to help them reach their goals under a “SCBS is everything for investors” concept. Aiming for 10-times growth in the number of offshore trading users within 2021, SCBS is confident in offering this new offshore trading service on the EASY INVEST app as an alternative for every investor so that they can diversify their portfolios. There are more investment services in the SCBS pipeline, which will be available on the EASY INVEST app this year in order to give investors more convenient access to more investment choices at lower cost.
SCBS Deputy Managing Director and Chief Technology Officer Chalermwut Chomanan said that the offshore trading service on the EASY INVEST app is breaking the limitations of complicated investment processes. Previously, investors were required to submit account opening documents, pay exchange fees and high trading commissions and other hidden costs during the process, leading them to think that global stocks like Google, Apple, Microsoft, or Alibaba were only for investors with big investment capital, so they opted for investment through international mutual funds instead. Soon, small investors can invest in US stock markets via the EASY INVEST app in a one-stop approach – opening an account, exchanging currencies, and trading at the lowest cost in Thailand.
SCBS Deputy Managing Director in charge of Data Analytics and Digital Business Group Chattrin Laksanabunsong said that an increasing number of investors are interested in global stocks, as evidenced by investment in international mutual funds via the EASY INVEST app growing a record 133% since early 2021, the market’s highest, while the current number of investors holding international mutual funds has grown by almost 150% compared to early 2021. These figures indicate SCBS clients’ keen interest in offshore trading, so SCBS is introducing this service on the EASY INVEST app to lower costs compared to foreign investment fund (FIF) commission fees.
Interested investors can open an investment account with SCBS by downloading the EASY INVEST app and filling out the required data. Investment accounts opened on business days are approved within 15 minutes. Upon investment account approval, users will receive an e-mail notification and they can start offshore trading on the EASY INVEST app right away. Investors may also contact their SCBS investment advisors for the service or for inquiries by sending an e-mail to [email protected] or a message to the SCB Securities Facebook page.