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Anonymous
To my fellow investors here on Seedly, do you guys invest in securities and utilize CDP or custodian accounts?
It seems that the banks tend to charge a higher fee in order for securities to be held in CDP. Which one is better? And how much investment would justify the high fees to store securities in CDP?
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Tan Wei Ming
18 Jul 2020
Founder and Writer at Frugal Youth Invests
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You can use DBS Vickers Cash Upfront where the fees is just minimum $10 or 0.12% whichever is higher. Shares are held in CDP when you use DBS Vickers Cash Upfront.