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Anonymous

04 Dec 2020

General Investing

How do you trade foreign stocks across different trading platforms?

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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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.

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