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Anonymous
Where are my US stocks/securities kept/held in when buying using Singapore brokerage?
I understand that securities traded on the Singapore Exchange(SGX) are held in the Central Depository (CDP). How about those US stocks that I'm going to purchase using Singapore brokerage such as DBS Vickers or Phillip Capital POEMS or FSMONE, SAXO etc?
Interactive Brokers Standard Chartered Online Trading POEMS by PhillipCapital DBS Vickers Securities FSMOne Fundsupermart
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Maisul
11 Jul 2020
Youtuber at Google (Channel : Say Do Invest)
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Lim Boon Tat
05 May 2020
Mathematics at Cambridge University
They are kept with the brokerage in a "custodian account"
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Hey there! If you use SAXO etc, it would be a CUSTODIAN account. Which means you dont rightfully own the stock, your stocks would be held in custody!
I have made an in depth video https://youtu.be/rBSALNTjuTQ
I have been using Saxo for a few years now and I would recommend it!
on how the basics on how you can use SaxoTraderGo platform!
Click on the link if you are interested to know more