facebookShould I create a CDP account if I already have a Stanchart custodian account? Is there any charges or minimum trades a month for the CDP to keep it? Also, when should I sell off an ETF? - Seedly

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Anonymous

09 Mar 2020

General Investing

Should I create a CDP account if I already have a Stanchart custodian account? Is there any charges or minimum trades a month for the CDP to keep it? Also, when should I sell off an ETF?

Discussion (6)

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Rais M

09 Mar 2020

Accountant at SME

Yes. You should create a CDP account. There is no fees or minimum trade requirement at all.

As for sell off ETF, as I do not see any context on this question, the general advice would be to sell when the current share price is higher than your purchase price.

There is no harm in creating a cdp account. However there are some slight difference in keep your shares with cdp vs custodian account. So pls do your own due dilligence.

I think there is no harm in creating a CDP account. You lose nothing, except for a bit of time which...

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