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Anonymous
Hi. I'm currently with OCBC Securities and holding some foreign stocks under its custody. What if I want to change trading platform from OCBC Securities to DBS Vickers? Can I sell my foreign stocks (under OCBC Sec custody) in DBS Vickers platform? If yes, how to do it? Thanks.
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Jonathan Chia Guangrong
04 Dec 2020
SOC at Local FI
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Usually foreign stocks purchased on a particular platform are held in custodian with that broker. So you won't be able to sell them off on another platform unless you transfer them over (at a cost).
This is unlike sgx stocks held under your cdp account that allows you to sell on any platform.