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Anonymous

17 Mar 2020

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Stocks

How do I go about opening a stocks account, and does opening a stocks account have any requirements?

Any hidden costs that I should be aware of?

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Brendan Wong

17 Mar 2020

Economics Undergraduate at Nanyang Technological University

Do check out this article as well before deciding on a platform to use!: https://newacademyoffinance.com/best-stock-brok...
It was really helpful when I was trying to find out which stock brokerage had the lowest fees. Also, Standard Chartered has a promotion ongoing until 31st March whereby you'll have 100% rebate on your brokerage fee for new users! Do check it out here: https://av.sc.com/sg/content/docs/sg-scb-sgoe-t...

This article may be useful to you!
https://blog.seedly.sg/the-ultimate-cheatsheet-...

Choose a broker and go to the webpage, it would advise you on the requirements. Generally, they would have you to declare citizenship, education etc.

For non custodian accounts, you would required a CDP account. You would need to set that up first.

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