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
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