facebookHi everyone! Is it possible for me to sell some SGX stocks (bought using DBS Vickers cash upfront account) through my Standard Chartered trading account? - Seedly
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Anonymous

07 Dec 2019

Hi everyone! Is it possible for me to sell some SGX stocks (bought using DBS Vickers cash upfront account) through my Standard Chartered trading account?

Thinking if it's possible to do so since the fees for Standard Chartered are lower. Thank you!

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    What are your thoughts?

    Nope. SC is a custodian account while DBS deposits to your CDP account. You can sell using FSMOne though! their fees are the cheapest if im not outdated.

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      Unfortunately you can't as stocks bought using DBS cash upfront are stored in your CDP, whereas stocks bought in your SC trading account are stored in SC custodian account.

      However, with that said, FSMOne offers selling of shares at $10 commissions from your CDP, that is what I did for one of the IPO stocks I've gotten. So it's possible to buy using DBS Cash Upfront and sell using FSMOne, both at $10 comms each!

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        Elijah Lee

        Elijah Lee

        05 Dec 2019

        Level 17ยทIndependent Financial Advisor at Phillip Securities (Jurong East)

        No. The custody of your shares is the key to this. If DBS is holding on to your shares for you (i.e....

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