Anonymous

21 Dec 2019

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General Investing

For custodian accounts for share trading platforms - what will happen if the platform runs into trouble?

What will happen to the accounts and the money inside?

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Leo Chin Ho

21 Dec 2019

As custodian account is considered having the records only on the company own server or data base, if the platform closes, you will have the risk of losing all the custodian shares/stocks. However, there are some platform whereby the risk is reduced where these company has the custodian stock/share backed by 3rd parties insurance, so you still can claim back a certain amount or even the full allocation.

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Are my shares traded through IFast held in a custodian account or with CDP?

Is there any brokers platform where i can trade SG stocks in terms of 1 share or multiple shares? I wanted to trade DBS shares on MooMoo platform however it requires me to trade in terms of a 1 lot

Which of the online trading platform has low charges fees and commission rate % in SG and foreign shares? Should I separate them into the different online trading platform?

Which trading account should you choose? Prepaid or Cash Management? Does it really matter if the shares is held under your CDP account?

Should I create a CDP account if I already have a Stanchart custodian account? Is there any charges or minimum trades a month for the CDP to keep it? Also, when should I sell off an ETF?