How to Open a Stock Trading account in Singapore-Updated 2015

[Sinkie]

can ask, if i have a CPFIS-OA trading account, does that mean I already have a CDP account?

I can't remember if I did apply for one.

Not necessary

Cpfis-oa and Cdp are seperate

Cpfs is opened with agent bank like DBS
Cdp is opened with Sgx

 

[Albedo]

Not necessary

Cpfis-oa and Cdp are seperate

Cpfs is opened with agent bank like DBS
Cdp is opened with Sgx

Noted, thanks.

 

[Toonsy92]

Need to learn all this.

 

[muhaimin0701]

Can I start small like let's say ard 3k? I have been thinking of what to do with my savings... And it comes to no end...

 

[lovelybaby]

Can we apply a trading account at posb bank?

 

[Sinkie]

Can we apply a trading account at posb bank?

nope, you cant but you can try

 

[nats7798]

if i apply IPO tru ATM.. whether or not i get the allotment of shares.. i have to pay the $2 charge?

thanks in advance..~

 

[Sinkie]

if i apply IPO tru ATM.. whether or not i get the allotment of shares.. i have to pay the $2 charge?

thanks in advance..~

yes, got or no got, also $2

 

[lovelybaby]

nope, you cant but you can try

Oh.. anyway I had just submitted my application thru posb bank..

 

[Solution9]

Hi, I have just successfully balloted for the SPH Reit IPO, but I can't find the shares in my brokerage account. What is going on here anyone knows? Or do I have to wait till 2pm b4 SPH starts trading in SGX. (1st time buying here). help!

 

[Sinkie]

Hi, I have just successfully balloted for the SPH Reit IPO, but I can't find the shares in my brokerage account. What is going on here anyone knows? Or do I have to wait till 2pm b4 SPH starts trading in SGX. (1st time buying here). help!

it is in your cdp, not in your brokerage, so that is why you wont be able to see it from your brokerage portfolio (because u got it from ipo, n not via the brokerage)

your cdp is linked with your brokerage, so sell the ipo from your brokerage, they will deliver the shares to the buyer from your cdp

 

[Solution9]

it is in your cdp, not in your brokerage, so that is why you wont be able to see it from your brokerage portfolio (because u got it from ipo, n not via the brokerage)

your cdp is linked with your brokerage, so sell the ipo from your brokerage, they will deliver the shares to the buyer from your cdp

how do I sell the IPO from my brokerage when I can't even see?? Must wait till 2pm when sph is listed?

 

[Sinkie]

how do I sell the IPO from my brokerage when I can't even see?? Must wait till 2pm when sph is listed?

search for sk6u

 

[tiny]

If use cpf oa to buy cpf approved stocks... will be inside the buyer's cdp holdings? Or agent bank is "holding" it?

If agent bank is holding... during dividend XD, it's deposited back to cpf OA??

 

[Sinkie]

If use cpf oa to buy cpf approved stocks... will be inside the buyer's cdp holdings? Or agent bank is "holding" it?

If agent bank is holding... during dividend XD, it's deposited back to cpf OA??

-Agent banks holding

-Yes

 

[tiny]

-Agent banks holding

-Yes

Is it up to the customer to manually calculate the 35% investable CPF funds or the brokerage firm will have a credit limit system to remind us?

Because if overshot in buying excess lots... what happens?

 

[Sinkie]

Is it up to the customer to manually calculate the 35% investable CPF funds or the brokerage firm will have a credit limit system to remind us?

Because if overshot in buying excess lots... what happens?

-overshot excess lots will become cash
- u have to check your cpf statement and see what is your stock limit. its written there calculated by cpf

 

[|XterA|]

Oh.. anyway I had just submitted my application thru posb bank..

how u did that?

 

[ad90bc]

whats a recommended brokerage for non SG/PRs to open trading account with? preferably with less buy/sell limit restriction. currently with KE and its so restrictive (successfully applied ipo but have to inform broker everyday to increase sell limit inorder to sell off allotment)

 

[tiny]

I already got cdp account holding stocks purchased via SGX. Need to do anything else in order to trade in catalist?