- Central Depository (CDP) account let you credited to your stocks into your CDP account, establishing direct ownership with voting rights.
- Custodian account is a financial account held by a financial institution or brokerage to help
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Have you wonder what is the difference between a CDP account and a Custodian account?
In Singapore we have many brokerage options when buying and selling stocks, however, there is always this debate about which type of brokerage account to choose; Brokerage with CDP Account or Brokerage with Custodian Account.
Looking at the pros and cons, as well as the sticking difference between both, we will answer this age old question.
KEY TAKEAWAYS
