Step-By-Step Guide To Opening A Brokerage Account In Singapore
This explainer video illustrates the steps for opening your very own stock brokerage account so you can begin buying and selling stocks on the Singapore Exchange (SGX).
A stock brokerage firm executes buy and sell orders on the securities market. Though they perform the same function, they differ in terms of fees, access to particular overseas markets, and whether they allow you to hold your stocks in a Central Depository (CDP) account or whether they act as a custodian.
This video was produced as part of a DollarsAndSense.sg collaboration with ForTomorrow.sg, an initiative to get more people to discover, know and take actions to improve your personal finance knowledge. #ForTomorrow
Watch this video to find out about more about what a Brokerage Account is and how you can open one in Singapore.
0:14 - Finding A Suitable Brokerage Firm
0:26 - 4 Factors To Consider When Shortlisting Brokerage Firms
1:34 - Apply To Your Preferred Brokerage Firm
2:04 - Apply For Your CDP Account
2:24 - Eligibility Criteria To Open A CDP Account
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