Stock Trading Through DBS iBanking - Follow-up

This is a follow-up post of a previous entry: Stock Trading Through DBS iBanking.  

After some trial and error, I managed to figure out this whole thing.  There are two points worth sharing with you.

1. When you trade with DBS iBanking, you must choose the proper account you are going to trade from.  By default, the account chosen is 'Cash', which means you will place the order, if the order is executed, you will make payments later.  For this kind of transactions, the commission rate is still 0.25% or S$25 minimum.  There is no savings in commissions at all. 

If you choose 'Cash Upfront' for your BUY orders, you must have sufficient funds in your 'Cash Upfront' account for the order to get through.  Once the order is executed, the full amount for your shares plus commissions, etc will be deducted from your account IMMEDIATELY!  For this lower risk the brokerage has to bear, you are rewarded with a commission rate of 0.18% or S$18 minimum.  However, do take note that you can only place a BUY order and enjoy the lower commission rate with your BUY orders.  You can't place a SELL order and enjoy the same lower commission rate. 

Ok, it is kind of like a C O N job, you can only buy but not sell.  Anyway, for one complete BUY & SELL transaction, you will save ~$6.00 on your commissions in total. 

It is up to you to decide whether you want to have a bit of extra trouble to save on $6.00.