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John Smith

07 Jun 2019

∙

General Investing

Hi, for trading overseas counters (US, HK, etc), is it safe for our investment to be kept by the custodian account (IB, iFast, FSMone,etc) ? Thanks?

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Jonathan Chia Guangrong

07 Jun 2019

SOC at Local FI

Yes it's safe. Been using TD Ameritrade for a number of years and no issues so far.

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Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

When you open the custodian account, it is in your name. It is safe plus you have no choice. Shares need to be stored somewhere, even CDP is a custodian.

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