facebookEnquiry on selling stocks on brokerage account? - Seedly

Nicholas Tan Yi Da

Engineering Systems and Design at SUTD

19 Jan 2020

Stocks

Enquiry on selling stocks on brokerage account?

Anyone know if say i bought certain stocks on philipcapital. Can i sell it on another brokerage platform, say in this case FSMONE?

Discussion (10)

What are your thoughts?

Learn how to style your text

Billy

19 Jan 2020

Development & Acquisitions Manager at Real Estate Private Equity

Absolutely, as long as both are linked under the same CDP account. Do make sure you're certain before transacting alright, otherwise its gonna cost you a hefty sum should you short-sell and subsequently having to buy back from the market

If the shares are in your CDP, yes you can.

There are two kinds of brokerage offered by many local brokers- 1) Custodian Account and 2) CDP Linked.

Custodian Account do not allow you to sell the same stock on another platform, on the contrary CDP Linked account allows you to sell stocks on any other brokerage's CDP Linked Account.

In short, CDP linked brokerages allows you to sell anywhere, while custodian accounts only allow you to sell only at the same brokerage account type

Yes if CDP account for both are linked

Bjorn Ng

09 Dec 2019

Business Analyst at 10x Capital

Hey Nicholas!

So I guess you bought SG stocks via POEMs, and these stocks are stored in your CDP ac...

Write your thoughts