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Anonymous

07 Jun 2020

General Investing

Are there any fees if I transfer all my stocks (custodian) to another brokerage?

Hi,
I am currently using FSMOne to invest in SGX stocks. I am wondering if I can transfer all my stocks to another brokerage firm (either custodian or CDP).
Is there any fee for the transfer?
Thanks!

Discussion (1)

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If your stocks are in the CDP, you shouldn’t need to transfer if the stockbrokerage is linked to CDP. If moving to custodian from CDP, there are usually transfer fees charged by the stockbrokerage. Better to check direct with the stockbrokerage.

Example is Standard Chartered Online Trading fee schedule: https://av.sc.com/sg/content/docs/sgo_efees_sch...

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