facebookIs it wise to use Saxo to buy Singapore stock that OCBC BCIP RSP doesn't listed? - Seedly

Anonymous

17 Jan 2020

General Investing

Is it wise to use Saxo to buy Singapore stock that OCBC BCIP RSP doesn't listed?

What are some good online brokerages that I can use to buy Singapore Stock? Am considering Saxo, what are their pros and cons?

Discussion (5)

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Bjorn Ng

17 Jan 2020

Business Analyst at 10x Capital

Yeah why not? Their fees are also min 10 SGD for cash upfront. The catch is that your stocks are stored in their custodian account meaning you don't own the shares directly. However, you can transfer your stocks from your Saxo account to your CDP account.

You can consider DBS cash upfront - its also min. 10 sgd and it goes directly into your CDP.

Yes, it is a possibility you can adopt. However do take note shares purchased by saxo is not linked to CDP, it is a custodian account. So i there are custodian fees you will need to buy, although you will benefit from the lower comission fees as well

Lim Chun Long Jimmy

17 Jan 2020

Co-founder at PolicyWoke (Traded Endowment Policies)

Saxo Markets gives you the flexibility to buy any Singapore stocks anytime during market opening hou...

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