Cheaper SGX Trades with Moomoo Linked to Your CDP Account
Last Updated on 10 months ago by Antony C.
Wow! Moomoo now lets you link your CDP account and that’s a big upgrade for anyone trading Singapore stocks. Before this, most low-cost brokers (including Moomoo) only used custodian accounts, where your SGX shares are held under the broker’s name.
Minimum investment: $0
Stock/ETF Commission Fees: $0 for US, 0.03% for SG, HK
Options Fees: $0.65 Per Contract
Markets: United States, Hong Kong, China, Singapore
Suitable For: Beginner and Experience investors looking to invest in both locally and internationally.
With this new CDP feature, your shares can now be held directly under your own name just like with traditional brokers (DBS, UOB, OCBC, Maybank, Citibank, etc.), but with much… much… lower fees.
PS. I uses Moomoo Singapore for many of my trades, and I am extremely excited about this news! Not only the Moomoo platform is easy-to-use, low fees, it is also MAS regulated.
How to Link Your CDP Account to Moomoo (Step-by-Step)
Linking your CDP account in the Moomoo app is fast and free. You only need to do it once, and it usually gets approved within 1 to 3 working days.
What you’ll need first before linking to your CDP Account?
Make sure you have:
- An existing CDP account (if not, you’ll need to open one with SGX first)
- Your 12-digit CDP number (starts with “1681”)
- Your NRIC or FIN, matching what you used for your Moomoo account
Tip: If you’re not sure what your CDP number is, you can log in to SGX’s investor portal to check.
Steps to link your CDP in Moomoo
- Open the Moomoo app and tap on the
MeorAccounttab - Look for “Link CDP Account” (use the search bar if needed)
- Fill in your CDP number and personal details
- Sign the electronic consent form in the app
- Submit and wait for approval (1–3 working days)
Once approved, you’ll be able to choose CDP when placing trades for SGX stocks.
What happens after linking Moomoo with your CDP Account?
- You’ll see a new CDP trading option when buying or selling SGX shares
- SGX stocks bought via CDP will go directly into your CDP account
- Proceeds from selling will be credited to your linked bank account, not the Moomoo wallet
- Your CDP-held shares won’t show in the Moomoo portfolio view (yet), but they’re safe in CDP
That’s it! Once linked, you can trade SGX stocks through Moomoo and enjoy full CDP ownership benefits.
So What’s the Difference? Moomoo as a Custodian vs Linking to CDP
Now that Moomoo supports CDP, the big question is:
Should you use it?
If you’re investing in Singapore stocks for the long term, especially for dividends or holding quality names like banks and REITs, CDP is worth considering.
Why CDP is better for long-term investors?
When you buy SGX stocks through CDP, you:
- Legally own the shares in your name
- Receive dividends directly into your bank account
- Get official shareholder rights, including voting and company notices
- Can easily switch brokers later, your shares stay in CDP, not locked in the app
It gives you control and peace of mind, especially if you plan to build a portfolio of local stocks.
Why some investors still use custodian accounts?
Custodian accounts are more flexible for:
- Frequent, small trades where cost matters more than ownership
- Keeping everything within one app (dividends, funds, positions)
- Short-term positions where long-term rights don’t really matter
So… if you are still confused if Moomoo is a Custodian or CDP Account
Now, Moomoo supports both:
- For SGX stocks, you can choose to trade via CDP (your name) or custodian (held by Moomoo)
- For overseas stocks like US or HK, it’s still custodian only
That flexibility is a big plus, especially if you’re planning to hold Singapore stocks long-term or build a dividend portfolio.
Moomoo vs Other CDP Brokers in Singapore
Moomoo isn’t the only broker offering CDP access, but it’s one of the first modern, low-cost platforms to do it. Here’s how it compares with other popular brokers in Singapore:
CDP Linked Brokerage in Singapore
| Trading Platform | Min. Fees | Trading Commission (SGD) | Account Type |
|---|---|---|---|
 Moomoo Singapore | $9.98 | 0.03% Trade Value | CDP-Linked or Custodian |
 Phillip Securities | $25.00 | 0.08% Trade Value | CDP-Linked |
 KGI Securities | $25.00 | 0.18% Trade Value | CDP-Linked |
 Lim & Tan Securities | $25.00 | 0.28% Trade Value | CDP-Linked |
 FSMOne | $8.80 | 0.08% Trade Value | CDP-Linked |
 DBS Vickers | $10.80 | 0.12% Trade Value | CDP-Linked |
 UOB Kay Hian | $25.00 | 0.18% Trade Value | CDP-Linked |
 CGS-CIMB Securities | $25.00 | 0.18% Trade Value | CDP-Linked |
 Maybank Kim Eng Securities | $25.00 | 0.275% Trade Value | CDP-Linked |
 OCBC Securities | $25.00 | 0.275% Trade Value | CDP-Linked |
| Average | $21.62 | 0.18 % Trade Value | NA |
GOOD: What makes Moomoo stand out?
- Modern interface: Moomoo’s trading app is one of the best for speed, charts, and usability
- Global access: Trade SG, US, HK stocks in one place
- Now supports CDP: A rare combo of low fees and direct ownership
- Cheaper than traditional brokers: You save ~$15 or more per trade compared to old-school CDP platforms
CAN-BE-BETTER: Where it might fall short?
- CDP-held shares don’t show in the app (yet)
- Slightly higher minimum fee than Tiger or custodian-only brokers
- Sale proceeds go to your bank, not Moomoo wallet (extra transfer step if reinvesting)
If you want full CDP ownership without paying high legacy fees, Moomoo hits a very nice balance, and is beginner-friendly to boot.
The BIG Question: Should You Link Your CDP to Moomoo?
If you’re trading Singapore stocks with Moomoo, or planning to linking your CDP account is honestly a smart move.
You get:
- Full ownership of your SGX shares
- Dividends paid directly to your bank
- Shareholder rights that custodian accounts don’t give you
- And you’re still using the same sleek, low-cost app
For long-term investors, especially those building a dividend portfolio, it just makes sense. You don’t need to give up convenience to get proper ownership anymore.
That said, if you’re only doing small, quick trades or don’t mind using custodian accounts, you can keep things as-is. Moomoo gives you both options and that’s what I like about it.
I usually use Moomoo for my overseas trades (a lot of trades!), and banks for local trades. So for me, I will not link it to my CDP account just yet.
OK, I know you might be wondering why. I know local banks are with high fees, average customer service and average user experience, but I want to keep things separate for easier management since I don’t usually sell any local stocks, so for me, the high fees from local banks are quite negligible.
However, if I am using Moomoo for high frequency trading on the SGX, I’ll probably linked my own CDP account to it because it just taking a few minutes to set it up.
BEST FOR: Beginner Retail Investors and Professional Traders Looking For All-In-One Trading App to Invest in SG, US, HK and China.
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Lastly, Here are some Takeaway Notes with CDP Trades on Moomoo
- Funds from selling SGX stocks go to your bank, not the Moomoo wallet, a small extra step
- CDP-held shares don’t appear in your Moomoo portfolio view (yet), you’ll need to check your CDP statement or SGX portal
- Minimum fees are slightly higher than custodian trades (around $9.98 per trade), but still way cheaper than traditional brokers
So if you’re planning to hold SGX shares for years, collect dividends, and keep things transparent, CDP is the better option. And Moomoo now makes that easy.
Interested in Moomoo? Here’s Some Quick Reads For You!
If you want to know more about Moomoo Singapore you can get started by checking our articles where we go into details into Moomoo Singapore platform.
- Getting Started: Guide to open a new Moomoo account
- Investing: Full Moomoo investing and trading platform Moomoo Singapore Review
- CMA: Moomoo cash management account Moomoo Cash Plus Review
- Transferring: Step by step process transferring stocks to Moomoo account
- Promotion: Moomoo latest promotion
- Using Moomoo: Guide to use Moomoo for trading
- Claim up to S$1,200* worth of Free Stocks + Trading Option Gifts + Exclusive Bonus.
- Earn a return on idle cash with Moomoo Cash Plus
- Low commission fee for SG & HK stocks, ETFs & options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
Disclaimer: The information on this page is for your convenience only. By accessing this website you’ve agree on our T&C. We do not offer tax or investing advisory or brokerage services, nor do we recommend or advise anyone to buy or sell particular stocks, securities or other investments.
Disclaimer: All views expressed in the article are independent opinion of the author, based on my own trading and investing experience. Neither Moomoo Singapore or its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.
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Antony C. is a Singaporean dividend investor focused on building passive income through REITs, ETFs, and Dividend Stocks. With 15+ years of experience investing in Singapore, Hong Kong, and China markets, he founded IncomeBuddies.com to share practical wealth-building strategies tested in his own portfolio since 2008. His expertise has been featured in Yahoo Finance, Nasdaq, and NFAA, and he’s the published book author of "Start Small, Dream Big".