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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

 

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