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What You Need To Know About Opening A Stock Brokerage Account

Learn about your stock brokerage account before learning about stocks.


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

 

FSM INVEST Expo 2020

FSMOne.com believes in INVESTING, Fundamentally – investors should first understand the basics of investing before they get started, and it is also important for them to focus on fundamentals in the research perspective of investing.

Join FSMOne.com at FSM INVEST Expo 2020 on 18 January 2020 (Saturday) from 10am to 6pm at Suntec Convention Centre (Hall 403)!