Start here to get an overall picture of how the Singapore stock market works, from opening your first brokerage account to buying your first stock and more. The good news is that account opening is free and there is no maintenance fee whatsoever if you choose not to use the account.

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To open one, you can ask your friends to recommend a stock broker to you or just go to any brokerage firm with your identity documents and bank account details to apply for one.

If you have a preferred stock broker you must indicate it on the application form. If not, one will be allocated to you randomly.

The processing of your application will take about 2 weeks. You will receive your account number and password separately via snail mail. When you sell your stocks, it will be taken out of this account and delivered to the buying party.

After logging in, you will see a table similar to this Read the table across. For a start, you only need to be concern with 5 items: It can be huge.

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There are 2 tiers to the commission. Below is an example of the commission incurred when you buy stocks in Singapore. How to choose your first stock I have always encourage my clients to put in the time to do research on their own. You can look for bargain stocks by going through the financial statements of the companies posted on the SGX website. In this way, you will learn a lot more about investing than depending on others.

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You will receive a contract statement sent by the Central Depository Pte Ltd or CDP on behalf of your brokerage firm. CDP is the agency in charge of your securities account where your stock is deposited. How to buy stocks in Singapore Always wondered how to buy stocks in Singapore?

Open your first brokerage account You need a brokerage account to buy stocks in the Singapore stock market. You will fill in 3 to 4 forms 1 Application for opening of trading account - You buy or sell stocks using this account 2 Application for opening of securities account - Your stocks are deposited here after you buy them.

After logging in, you will see a table similar to this.