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
Advertiser Message
Get The Latest Bite-sized Investment News, Ideas & Insights
It’s free! Don’t miss out on the latest financial market movements. FSMOne aims to help investors around the world invest globally and profitably, follow FSMOne’s Telegram for bite-sized finance analyses and exclusive happenings.
Fixed Deposits
Beginners’ Guide To Best Fixed Deposits In Singapore
Branded Content
5 Types Of Banking Services All Small Businesses Will Need
Budgeting 101
YOLO VS FIRE: How To Enjoy The Best Of Both Worlds
