Catherine - Seedly
Seedly logo
Seedly logo
Ā 
C

Catherine's profile is not filled up yet.

Catherine

About

Catherine's profile is not filled up yet.

Credentials

Catherine's credentials are not filled up yet.

Catherine

  • Answers (2)
  • Questions (1)
  • Reviews (0)

SGX

SGX Academy

Investments

Stocks Discussion

Online Brokerages

I'm an expat in Singapore an S-Pass holder. How can I start investing in Singapore Stock Market?
C
Catherine
Level 2. Rookie
Answered 2w ago
You will need to open an account with a broker (like DBS Vickers or Saxo or others), and you will need to take a SGX test, to make sure you understand all the products and especially all the risks involved. Lots of paperwork to read and sign, especially to trade US, and you will also need to open a SGX/CDP account linked to your broker to keep all your Singapore stocks. With DBS Vickers, you can have a giro to your DBS bank account (if you have one) so your dividends and sell proceeds can be automatically transfered to your bank account. Note: avoid joint accounts with DBS vickers as they limit what you can do on-line and force you to telephone instead, especially for foreign transfer. Good luck!
šŸ‘ 0

Online Brokerages

DBS Vickers Securities

DBS

Investments

Payments

We have a Joint Account with Vickers and so far can't transfer USD cash from Vickers to our DBS bank account. Any advice?
C
Catherine
Level 2. Rookie
Answered 2w ago
Actually we managed (at last) to get a human being picking up the phone (only way was to call at 3am SG time - always busy during SG day). The guy asked various security questions, confirmed our saving account in DBS bank, and it took only one day to: - first do the FX conversion into SGD (I saw the amount move from USD to SGD column on our Vickers account) - transfer the SGD from Vickers to our saving account. In fact easy, provided we can get somebody to pick up the phone! For people (like us) who have a joint account, the phone is the only solution as the "on-line instructions" in "account management" are not visible for them.
šŸ‘ 0
Level 2. Rookie
6PointsGoal 10
4 POINTS TO LEVEL UP
Browse Rewards