Singapore Exchange investors can now transfer their Central Depository share portfolios digitally through the Tiger Brokers app, eliminating the paper forms and manual verification steps that previously slowed down cross-platform consolidation, according to recent announcements from the Singapore Exchange and platform operators. The new process addresses a long-standing friction point for retail investors who hold local shares in personal CDP accounts alongside overseas equities in separate brokerage custody accounts.
Consolidating Local and Overseas Holdings in One Place
For years, keeping Singapore-listed stocks in personal CDP accounts while parking international assets in separate brokerage accounts forced investors to toggle between multiple platforms. By moving local and overseas holdings into a Tiger Brokers custodial account, investors can now track performance, risk, and asset distribution on a single dashboard, backed by electronic monthly statements.
Lowering Holding Costs and Eliminating Custody Fees
Tiger Brokers Singapore chief executive officer Ian Leong stated, “At Tiger Brokers, we believe that long-term investors shouldn’t be penalised for staying the course.” Leong added that offering zero custody fees for Singapore stocks removes financial friction so clients can focus on growth rather than administrative costs.
Pro Tip: When transferring your holdings, you can select the “Full Transfer” option on the Tiger Brokers app to submit an application for your entire CDP portfolio automatically, bypassing individual stock code entries.
From Paper Forms to One-Click Transfers
Historically, moving stocks out of a CDP account required completing a physical CDP Form 4.2, submitting supporting identity documents, and ensuring manual signatures matched account opening records precisely. Signature mismatches regularly triggered rejections and weeks of correspondence, alongside manual data entry for every stock code and share quantity. Under the digitised system, linked CDP account information is retrieved automatically. According to Leong, applications and identity checks happen entirely within the app, turning a process that once took weeks into a matter of minutes.
Rewards, Financing, and Market Data Incentives
To encourage portfolio consolidation, Tiger Brokers is offering cash rewards up to $3,500 or a complimentary iPhone 17 Pro Max 512GB, depending on the total value of assets transferred. Local stock transfers incur no platform transfer fees, and existing broker exit fees are reimbursable up to $200. Furthermore, participants receive 180 days of Singapore Exchange secondary market data service—valued at approximately $120—providing real-time market depth and order book visibility. Transferred securities also double as collateral for Singapore dollar margin financing, which carries annual interest rates starting as low as 2.80 per cent per annum.
Frequently Asked Questions
Are shares from the US and Hong Kong eligible for transfer-in rewards?
Yes, eligible shares from Singapore, US, and Hong Kong markets transferred from other brokers qualify for the rewards program.
Will I still receive dividends and voting rights after transferring my shares to a custodian?
Yes. You retain your status as the beneficial owner and keep your voting rights for Annual General Meetings and Extraordinary General Meetings. Tiger Brokers facilitates corporate actions and sends meeting notifications directly through the app.
How long does the digital transfer process take?
Accurate submissions are typically completed within approximately three business days.
Ready to streamline your investments? Download the Tiger Brokers app today to explore digital portfolio consolidation, review your asset allocation, and take advantage of current transfer rewards.
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