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Anyone know if say i bought certain stocks on philipcapital. Can i sell it on another brokerage platform, say in this case FSMONE?
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Billy
19 Jan 2020
Development & Acquisitions Manager at Real Estate Private Equity
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If the shares are in your CDP, yes you can.
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There are two kinds of brokerage offered by many local brokers- 1) Custodian Account and 2) CDP Linked.
Custodian Account do not allow you to sell the same stock on another platform, on the contrary CDP Linked account allows you to sell stocks on any other brokerage's CDP Linked Account.
In short, CDP linked brokerages allows you to sell anywhere, while custodian accounts only allow you to sell only at the same brokerage account type
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Yes if CDP account for both are linked
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Bjorn Ng
09 Dec 2019
Business Analyst at 10x Capital
Hey Nicholas!
So I guess you bought SG stocks via POEMs, and these stocks are stored in your CDP ac...
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Absolutely, as long as both are linked under the same CDP account. Do make sure you're certain before transacting alright, otherwise its gonna cost you a hefty sum should you short-sell and subsequently having to buy back from the market