What You Need To Know About Opening A Stock Brokerage Account

Are you looking to trade stocks for the first time? Before you can start trading, you have to first open a Direct Securities Account with the Central Depository (CDP).

The CDP is own by the Singapore Exchange and acts like a central storage place where all local shares bought are ‘kept’. To open a CDP account, you must be at least 18 years old and not be an un-discharged bankrupt.

You can open the CDP account by getting a brokerage firm to assist you or applying directly online.

To learn more about the Starters’ Pack, Fund Transfers and commission fees before you actually start trading, watch the video below:

Read More: 6 Things To Know Before Opening A Stock Brokerage Account

You can stay in touch by following us on Facebook. If you are looking for more content, the latest events or awesome promotions, subscribe to our free e-newsletter. And if want your daily dose of finance inspirations through photos, or know where we have been to get the inside scoops on what’s happening in the financial world, follow us on Instagram @DNSsingapore

Share.
sentifi.com

Top Topics and Market Voices on:

Comments: