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Anonymous

13 May 2020

∙

General Investing

When you buy SG stocks from Vickers and want to sell via Saxo, is it possible?

Hi! Was wondering if it is possible to sell some SG stocks via Saxo due to the lower cost compared to Vickers, but understand the former is linked to CDP but latter isn’t? Also when I buy a stock and have different trading accounts - will it just automatically get added into my portfolio or my $ is separate in separate accounts? Thank you!

DBS Vickers Securities Saxo Markets

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Tay_WenHao

13 May 2020

Hi if SAXO allow sell thru CDP yes.

You are right. DBSV share will be credited to CDP. For myself I'm selling thru FSMone.

For all the stocks bought, if its held in CDP, it'll be combined. If its custodian account, its seperated.

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Newbie here, keen to buy SG stocks via DBS Vickers and sell via FSMOne. Will there be a delay in transfer?

Which broker should I use I already have Vickers for SG stocks and I want a broker for US market for the lowest possible commission. I already applied for TDA but no response so any other brokers?

Funded Saxo with sgd for buying US stocks. Now is USD account. Can I still transfer SGD to buy SG shares? Will Saxo show 2 different balances ie. SGD and USD?

I bought stocks on Vickers via Cash Upfront. I understand it takes 2 working days for them to show in CDP; Can I sell the same no. of stocks before that? Any risk? Do I uncheck the Contra box when selling?

I am using dbs vickers cash account. Can i buy a stock on friday and sell it on monday ? I understand that usual trading take 3 days to settle. Do i need to wait 3days later to sell the stock ?

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