How to Trade Stocks in Singapore


Singapore sits at the trading crossroads of Asia, and stands among the original "Asian Tigers." Run by an efficient government and boasting a modern economy, the island city-state's official business is business, with an eye on long-term growth and prosperity. This makes investing in Singapore attractive, and a day trader can access the Singapore Exchange directly and with only a moderate amount of effort.

Examine the requirements for opening an account to trade on the Singapore Exchange (SGX). You must be 21 years old and have a valid identification number. Unless you are a citizen of Singapore or Malaysia, or a permanent alien resident of Singapore, this will be your passport number, so you must have a valid passport before opening an account.

Download and fill out the application form. This is available online at the Central Depository, Ltd, (CDP) which is a subsidiary of the SGX. This must be certified by either the Singapore Embassy, a notary public or a Justice of the Peace before submission (see Resources below).

Select an account type. Once you have been approved by the CDP, you can create an online account at the SGX website. This account can be personal, joint (shared with a spouse or family member) or corporate. A corporate account must meet with the requirements of section 4(1) of the Companies Act under Singaporean law, which are very demanding for non-Singaporean companies.

Keep local conditions in mind. Once you have an open account, you can day trade as normal, but keep in mind the time differences and the local calendar: the SGX is open for business 9 a.m. to 5 p.m. local time, Monday through Friday, and is closed on those holidays recognized by the SGX (which sometimes does not include all Singaporean public holidays).

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