Anonymous

26 Jul 2020

∙

General Investing

How does it work if i buy from 2 different brokerage accounts? Currently i am on iOCBC but i am looking to switch to DBS Vickers. Will all my stocks i bought via iOCBC be reflected in DBS VIckers?

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Tan Wei Ming

26 Jul 2020

Founder and Writer at Frugal Youth Invests

The main point is so long your shares are in CDP, you can sell it at any brokerage that can connect to CDP.

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I bought some stocks through DBS Vickers using cash upfront. Recently, I sold the same stocks through DBS Vickers too but my brokerage account balance shows negative. Did I do something wrong?

If I have a DBS account can I buy global stocks directly or do I need to open DBS vickers? Same goes for OCBC and UOB, is it a special brokerage account?

I bought stocks on Vickers via Cash Upfront. I understand it takes 2 working days for them to show in CDP; Can I sell the same no. of stocks before that? Any risk? Do I uncheck the Contra box when selling?

What is the difference between buying STI ETF from creating an account from DBS Vickers itself and just buying from Funds in the DBS Page?

I buy a stock using cash option in dbs vickers so do I need to top up my vickers account to pay for it or it will deduct directly from my account?