moomoo SG Help Center-CDP Transfer of SG Stock to Moomoo SG Guide
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Help Center Stock Transfer Transfer In CDP Transfer of SG Stock to Moomoo SG Guide

CDP Transfer of SG Stock to Moomoo SG Guide

We understand that you may want to transfer your stocks from the Central Depository (Pte) Limited (CDP) in Singapore or other external brokers to Moomoo SG. The good news is, you no longer need to deal with complicated procedures; the entire process can now be completed online. Here is a detailed step-by-step guide to help you complete the transfer process smoothly:

 

Step 1: Start the transfer process in the moomoo APP

1.1 Open the moomoo APP and click on "Accounts."

 

1.2 Go to the "Transfers" option and select "Transfer Stock In."

 

1.3 Choose "SG Market."

 

Step 2: Select your current brokerage & provide the following account details

2.1 Enter your CDP account number or the account number from your external broker.

 

2.2 Upload a recent account statement in PDF format that includes your address, full name, and share quantity.

 

 

Step 3: Choose Transfer Method and Complete Verification

  • CDP Account: 3.1 Electronically sign the transfer form and upload your ID for verification. 3.2 Confirm and submit your transfer request.

  • Other Brokers: 3.1 Contact your external broker and inform them that you wish to transfer stocks to your Moomoo SG universal account. 3.2 Provide the necessary account 3.3 Provide the necessary account details so they can process the transfer-out request.

 

Notes:

  • Account Consistency: You can only transfer stocks between brokerage accounts under the same name.

  • Transfer Fees: Moomoo SG does not charge any fees for incoming transfers, but CDP or your external broker may charge a fee for the transfer-out service. Please consult the relevant institutions for details.

  • Processing Time: It usually takes 5 to 7 business days to process the transfer request. Once received, it may take an additional 1 to 2 business days for the stocks to appear in your Moomoo SG universal account.

  • Transfer Details: The above screenshots are for illustration purposes only, and the transfer details that require your confirmation may differ from what is shown here.

 

FAQ

Q: Does Moomoo SG support transfers from CDP or other external brokers? 

A: Yes, Moomoo SG supports transfers from both CDP and other external brokers, and the entire process can be completed online.

Q: What types of assets can I transfer in?

A: Moomoo SG enables investors to transfer their financial assets from another broker, to their Moomoo SG universal account. You can transfer all stocks, including underlying stocks and ETFs, held with an outside broker that are tradable through Moomoo Financial Singapore Pte. Ltd. to your Moomoo SG universal account. Short positions are not supported by transfer.

Q: What actions do I need to take to complete the CDP or external broker transfer?

A: You need to submit a receiving/inbound transfer instruction via the moomoo APP, and also complete the transfer-out instruction on the CDP or external broker platform.

Q: How long does it take to complete the transfer process?

A: The transfer process usually takes 5 to 7 business days, depending on the volume of transfer requests. Once the transfer is received by Moomoo SG, it may take an additional 1 to 2 business days for the stocks to appear in your Moomoo SG universal account.

By following these steps and guidelines, you can seamlessly transfer your stock holdings from CDP or other external brokers to Moomoo SG, all from the convenience of your mobile device.