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Anonymous
Should I transfer my stocks to CDP?
I have SGX stocks in my custodian account (Tiger), however, as these are for long-term investment, I would like to transfer it to CDP for more security as advised by my friends. Should I transfer it? If yes, how do I do the transfer?
Thank you in Advance!! 😊
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Kenneth Lou
09 Aug 2021
Co-founder at Seedly
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Just curious. What is the security concern with leaving the stocks in a custodian account?
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Tan Choong Hwee
09 Aug 2021
Investor/Trader at Home
Holding shares in custodian account (e.g. Tiger, Moomoo) is equally secured as in CDP because your s...
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I think the concept of CDPs are kind of dead... haha
Honestly, Custodian accounts who have been approved by the MAS (usually under capital market services liscene) are really good and serve the same purpose!
The only thing is you don't get to vote at the AGMs, which are not a big deal, having been to a few of them, usually herd mentality.