Can I still open a DBS Vickers account to invest in foreign stock exchange even though I do not have a CDP account open? Are there any things that I will need to show/ conditions that I will need to know before opening? - Seedly
 

DBS Vickers Securities

Investments

Asked by Anonymous

Asked on 04 Jun 2018

Can I still open a DBS Vickers account to invest in foreign stock exchange even though I do not have a CDP account open? Are there any things that I will need to show/ conditions that I will need to know before opening?

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Prakash Kumaraswami
Prakash Kumaraswami
Level 3. Wonderkid
Answered on 04 Sep 2018

CDP account is required only if you trade on SGX. However, I recommend you to have a CDP account - Its free, allows you to buy ETFs of different markets (listed in SGX)

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Gabriel Tham
Gabriel Tham
Top Contributor

Top Contributor (Jan)

Level 9. God of Wisdom
Updated on 07 Jun 2019

Investing in foreign stocks do not require CDP because foreign stocks will be held in custodian with your bank or brokerage.

CDP only holds local SG products.

You probably need to take note of the custodian charges and fees, as well as any taxation, when investing in foreign stocks.

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Zach Howe
Zach Howe

06 Jun 2018

What do you think is the best minimum amount for a beginner to start off with for foreign stock investments?