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Anonymous

19 May 2020

∙

General Investing

What's the difference between cash trading account and cash upfront trading ?

Saw these 2 options when applying for CGSCIMB. What's the difference and what are their pros and cons?

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Lingster

21 Apr 2020

Cash Trading Account ("CTA") is linked to your CDP. They are the custodian of your Singapore shares, while Cash Upfront Trading Account ("CUT"), custodian will be CGS-CIMB Securities (S) Pte Ltd.

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YT

21 Apr 2020

Cash Upfront requires you to deposit the money in the account before you can make a purchase. This feature allows you to have lower commisions (0.18%, subjected to a minimum) as compared to 0.275% for cash account.

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Related Posts

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Just applied for a DBS Vickers account to buy some blue chips, seems like they offer zero brokerage fees for first 5 trades for new users. Does it apply for cash upfront account too, or just cash account?

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