Forum
Last updated: 

How do I open a brokerage account in Singapore?

I am interested in knowing how to open a brokerage account. This is because I want to start investing some money in Singapore and I don;t want to make an error in the process. I've asked the people around me on the procedures but I think I still need a little more advice on how to open a brokerage account.

User comments

  • user image

    No Name

    First you need to open a CDP account. To open a CDP account, you need to have a bank account with one of the following banks in Singapore – Citibank, DBS/POSB, HSBC, Maybank, OCBC, Standard Chartered Bank and UOB.. Choose a brokerage account and open one. You can either open an account online or head straight to the main office.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

At what age can you get a landline in Singapore?

How do I notify my landline provider my change of address?

How do I buy and sell my bonds?

How should I invest on my medical supplements using a credit card?

What are thee companies that offer monthly investment plans and who are the individuals who should get these plans?

How do U apply for a telephone line in Singapore?

Related Reviews

Too bad it is not an unlimited cashback card

Unfortunately, the HSBC advance card is not an unlimited cashback card as they have a cap on the cashback per month, even for advance banking clients. Furthermore, if you are not an advance banking client, you would not get subsequent card fee waiver if you do not get to spend at least $12,000 in a year.

HSBC Advance Credit Card / HSBC Bank Singapore

Looking to maximize on the number of priority pass visits and other privileges

If you are like me an HSBC Premier client and also a frequent traveller that can maximize the number of priority pass visits, limo and meet-and-assist services as well as your supplementary cardholders too, then this is the card for you. The reduced general mile earn rate is worth the trade-off for the unlimited priority pass memberships, as well as the high number of limo and meet-and-assist services that you can use.

HSBC VISA Infinite Credit Card / HSBC Bank Singapore

Earnings of 1.3 KrisFlyer miles for every S$1 spent locally

This card offers a few thrills if you are one for accumulating miles as you can earn 1.3 KrisFlyer miles for every S$1 equivalent in foreign currency spent overseas on eligible purchases up to S$3,800 each month. On such purchases above S$3,800 each month, you can earn 2 KrisFlyer miles. Furthermore the card allows earnings of 1.3 KrisFlyer miles for every S$1 spent locally in Singapore dollars on eligible purchases up to S$3,800 each month. On such purchases above S$3,800 each month, earnings are 1.4 KrisFlyer miles. Highly recommended for those who seek to accumulate miles.

American Express Singapore Airlines PPS Club Credit Card / American Express International

I can enjoy Interest rates starting from 5.80% p.a.

I love that I can enjoy Interest rates starting from 5.80% p.a. (EIR 11.38% p.a.) on their 12-month instalment plan which allows for fixed monthly repayments.The monthly repayment for your Cash-on-Instalments is fixed, allowing you to manage your finances with ease of mind. That works perfect for me as it helps me to be more organized and I give them thumbs up.

NTUC Plus! Visa Credit Card / Oversea-Chinese Banking Corporation

Ease of use to accumulate on miles

The American Express Krisflyer Credit Card has an attractive sign up bonus and it is easy to use to accumulate on miles as no conversion into KF account is required, and monthly auto “sweeping” of miles help save in the conversion fee. I also have had good experiences with their customer care service as the call center service is absolutely awesome.

American Express Singapore Airlines KrisFlyer Credit Card / American Express International

Complimentary Night Stay a Success

Very impressed by the complimentary night stay I got after I made bookings for a five nights stay at a resort I spent my birthday at in Malaysia. Even more pleasing was the complimentary golf games at a high quality golf courses in Malaysia. As a matter of fact, I had as much as six complementary golf games.

Citi Cash Back Visa Card / Citibank Singapore