What is CPF trading?
CPF trading refers to investing using funds from your CPF Investment Account (CPFIA) under the CPF Investment Scheme – Ordinary Account (CPFIS-OA). Eligible CPF members can use a portion of their CPF OA savings (above S$20,000) to invest in approved financial products such as selected Singapore-listed stocks, ETFs, and Unit Trusts.
To be eligible, you must:
Be a Singapore Citizen or Permanent Resident (PR)
Be at least 18 years old
Not be an undischarged bankrupt
Have more than S$20,000 in your CPF-OA
To begin, you must open a CPF Investment Account with one of the agent banks (DBS, OCBC, or UOB), then link it to our platform to enable CPF trades.
You can check your investible amount by logging into your CPF account at www.cpf.gov.sg, navigating to ‘My Statement’ > ‘Section B: Investments’, or visiting any CPF Service Centre.
For more information, please refer to the CPF Board website or your agent bank’s guidelines.
What is SRS trading?
The Supplementary Retirement Scheme (SRS) is a voluntary savings scheme that offers tax benefits and allows you to grow your retirement savings by investing in approved financial products.
You can use your SRS funds to invest in eligible Singapore-listed stocks and ETFs.
To get started:
Open an SRS account with one of the agent banks (DBS, OCBC, or UOB).
Link your SRS account to our trading platform.
Once linked, you may trade using your available SRS funds (up to your current balance).
There is no minimum balance required, and you can check your SRS balance anytime via your internet banking login.
For more information on the scheme and eligible investments, please refer to the IRAS website or your SRS agent bank.
How do I start using CPF to trade on the Tiger Trade app?
Currently, we only support CPF trading via the Cash Boost Account. To begin CPF trading with Tiger Brokers, you must first link your CPFIS-OA account to your Cash Boost Account.
To link your CPFIS-OA account, please follow the steps below:
Login to the Tiger Trade App
Switch to your Cash Boost Account
Tap on the Portfolio tab
Go to Total Buy Limit
Click on “Link CPF Account” and follow the on-screen instructions
Please ensure you have an existing CPF Investment Account (CPFIA) with DBS, OCBC, or UOB before linking.
If your CPFIA account was opened before 2000, your agent bank may require an SI form to authorize CPF trade settlements prior to making any purchase or sales of investments. Please confirm with your agent bank before placing trades.
How do I start using SRS to trade on the Tiger Trade app?
Currently, we only support SRS trading via the Cash Boost Account. To begin SRS trading with Tiger Brokers, you must first link your SRS account to your Cash Boost Account.
To link your SRS Account, follow these steps:
Login to the Tiger Trade App
Switch to your Cash Boost Account
Tap the Portfolio tab
Go to Total Buy Limit
Click “Link SRS Account” and follow the on-screen instructions
Please ensure you have an existing SRS account with DBS, OCBC, or UOB before linking.
When can I start trading using CPF/SRS after I have linked my CPFIS/SRS Account number?
Once you have linked your CPFIS or SRS account to your Cash Boost Account, the status will initially show “Linking in Progress.” This process typically takes 10 to 30 minutes during working hours (weekdays, 9 AM – 6 PM SGT, excluding public holidays).
Once the status updates to “Successfully Linked,” you may begin placing CPF or SRS trades on the Tiger Trade platform.
Please ensure your account has sufficient buy/sell limit before placing a trade. If your account does not have an active buy/sell limit, you may apply through the Tiger Trade app:
To increase Buy Limit: Go to Portfolio > Total Buy Limit (top panel) > Permanent Buy Limit > Apply to Increase
To increase Sell Limit: Go to Portfolio > Total Buy Limit (top panel) > Permanent Sell Limit > Apply to Increase
If you need further assistance, feel free to contact our Customer Service team.
How do I check for the available balance/investible amount in my CPF/SRS account?
To check your CPF investible amount:
Log in to your CPF online portal via the CPF website or mobile app.
Click the "my cpf" dropdown arrow.
Click "Investment"
Refer to the “Investments” section under your Ordinary Account (OA) – the available investible amount will be shown under “Available for Investments - Stocks”.
Alternatively, you may find out from your respective agent bank/SRS operator.
To check your SRS available balance:
Log in to your internet banking account with your SRS bank (DBS, OCBC, or UOB).
Navigate to your SRS Account details.
The available balance shown is the amount you can use to invest.
Alternatively, you may find out from your respective agent bank/SRS operator.
What happens if I link an invalid CPFIS/SRS Account number or a CPFIS/SRS Account that is not registered under my name?
If the CPFIS/SRS account number that you linked is invalid or does not belong to you, your agent bank will inform us of the trade rejection after your first buy/sell trade on T+1.
Our Client Services team will contact you to obtain the valid CPFIS/SRS account number. You will need to update it in the app on the same page where you originally linked your CPFIS/SRS account, by 2:00 PM on the same day.
Please note that failure to do so will result in the trade being fully revoked and settled in cash.
What product can I invest in and how can I place a trade using the fund in my CPF/SRS account?
You can use your CPF or SRS funds to trade eligible SGX-listed shares and ETFs via your Cash Boost Account on the Tiger Trade app. Currently, Tiger does not support Non-SGD Stocks/ETFs for CPF/SRS trading. To check if a counter is eligible:
For CPF:
Open the Tiger Trade app
Go to Quotes
Select an SGX counter
Look for the CPF logo displayed on the quote screen
Tap Buy or Sell, then select payment method as CPF Buy/CPF Sell
For the full list of CPF-approved stocks, you may refer to the official SGX website.
For SRS:
Open the Tiger Trade app
Go to Quotes
Select an SGX counter
Look for the SRS logo displayed on the quote screen
Tap Buy or Sell, then select payment method as SRS Buy/SRS Sell
For detailed product eligibility, please refer to your SRS operator bank (DBS, OCBC, or UOB).
Can I contra (buy and sell on the same day) with my CPF/SRS trades?
No, contra trading is not allowed for CPF or SRS trades. All trades must be fully funded and follow T+2 settlement, as required by the CPF Board and MAS.
If you place a buy and sell order on the same day without existing shareholdings, the trade will be handled differently depending on your agent bank:
Trade Side | DBS | OCBC | UOB |
Buy | Remains as CPF/SRS trade | Revoke to cash | Remains as CPF/SRS trade |
Sell | Revoke to cash | Revoke to cash | Revoke to cash |
Buy orders will only be affirmed by the bank if you have sufficient CPF/SRS investible funds.
Sell orders will be revoked to cash if you do not have sufficient holdings in your CPF/SRS account. This may result in SGX buy-in penalties if delivery obligations are not met.
For details, please consult your agent bank.
What should I take note before placing a CPF/SRS buy order?
For a CPF buy trade to go through, your agent bank will perform two checks before confirmation:
Agent Bank Stock Limit - Your agent bank (DBS/OCBC/UOB) enforces the stock limit based on CPF Board data, which is refreshed once a month. If your OA balance has recently increased (ie. CPF contribution, sale of property) or decreased (ie. housing or insurance premium deduction), your stock limit may only be updated after the next monthly refresh.
You may check your current agent bank stock limit on your agent bank mobile app:
Log in to your bank app (DBS/OCBC/UOB)
Go to CPF Investment Account
Your available stock limit will be displayed there
CPF Investment Limit - Check with CPF Board on your available investible balance for stocks, which is 35% of your investible savings after setting aside $20,000 in your OA.
You may check your CPF investment limit on the CPF website/CPF mobile app:
Log in to CPF portal or CPF app
Tap "my cpf" dropdown
Select "Investment"
View "Available for Investment - Stocks" under OA section
Please note that trades placed when either of your limit is insufficient will be revoked to cash.
For a SRS buy trade to go through, please ensure that you have sufficient available funds in your SRS account.
You may check your available SRS balance on your bank mobile app:
Log in to your bank app (DBS/OCBC/UOB)
Go to "Investments" of "SRS Account" under your account summary
Your available balance (funds that can be used for investment) will be displayed there
Please note that trades placed when your SRS account balance is insufficient will be revoked to cash.
What should I take note before placing a CPF/SRS sell order?
For a CPF/SRS sell trade to go through, please ensure that the stocks held under your CPF/SRS account have been fully settled (T+2, the second Market Day after the Trade Day).
You may check your CPF/SRS holdings on your bank mobile app:
Log in to your bank app (DBS/OCBC/UOB)
For CPF holdings, go to "Holdings" under "CPF Investment Account"
For SRS holdings, go to "Holdings" under "SRS Account"
Please note that trades placed when your CPF/SRS holdings have yet to be settled will be revoked to cash.
What happens if I do not have sufficient investible stock limit/money in my CPF/SRS account for my purchase?
If you place a buy order using your CPF or SRS account but have insufficient investible stock limit/funds to cover the trade, your agent bank will decide whether to partially or fully revoke the CPF/SRS trades based on your investment stock limit.
In the case of a partial revoke, the remaining shortfall from your buy trade will become an Unsettled Buy (Outstanding Buy). You will have to ensure sufficient cash in your Cash Boost Account to settle your trade before due date+1, which is T+3 for the Singapore market. If your Cash Boost account does not have sufficient funds to settle the trade, force-selling may be conducted on or before due date+2.
What happens if I do not have sufficient holdings in my CPF/SRS account for my sale?
If your CPF/SRS account does not have sufficient holdings to meet delivery obligations, your agent bank will notify us of the available quantity. The trade may then be partially or fully revoked, subject to the agent bank's final decision.
For any remaining shortfall after revocation, we will make the following adjustments on a best-effort basis:
Check your Tiger sub account for sufficient holdings to fulfill the delivery.
If your Tiger sub account holding is not available, the remaining quantity will be treated as a short-sell under your Tiger sub account.
If you do not have sufficient holdings in your Tiger sub account to meet your delivery obligations on the Settlement Day (T+2, the second Market Day after the Trade Day), CDP will conduct buying-in from the buy-in market on Intended Settlement Date (T+2).
Should the shares remain unobtained by the end of Settlement Day, the buy-in process will continue on the next Market Day and successive Market Days. CDP shall have the absolute discretion to increase the bid price by two minimum bids until the shares are acquired or delivered to CDP. In rare instances where shares could not be bought-in or procured after Intended Settlement Day +5 (T+7), cash settlement of the sell trade will be initiated.
SGX can levy a penalty of S$1000 or 5% of the trade's value, whichever is greater for failed delivery. Furthermore, a processing fee of S$75 plus GST per failed contract, along with a brokerage fee of 0.75% plus GST of the contract value (for the buy-in contract), will be charged by SGX, on top of the usual fee and commissions. You may refer to the SGX website for more information.
Can I amend the payment method of my CPF trade to cash and vice versa?
Clients are reminded to check their CPF Investment Account holdings, available limits, and funds before selecting CPF as the payment method.
If you need to amend your payment method from CPF to Cash or from Cash to CPF, please note that such amendments are only allowed on the trade date (T day) before 5 PM and are subject to internal approval.
For assistance, please contact our customer service team.
Can I amend the payment method of my SRS trade to cash and vice versa?
Clients are reminded to check their SRS holdings and funds before selecting SRS as the payment method.
If you need to amend your payment method from SRS to Cash or from Cash to SRS, please note that such amendments are only allowed on the trade date (T day) before 5 PM and are subject to internal approval.
An exception applies for amending a cash sell trade to SRS: amendments from Cash to SRS on Trade Date + 1 (T+1) are subject to approval and late charges imposed by the SRS Agent Bank.
For assistance, please contact our customer service team.
Can I view my CPF/SRS holdings in the Tiger Trade app?
No, holdings purchased using your CPFIS-OA or SRS account are custodied with your agent bank (DBS, OCBC, or UOB), not with CDP or Tiger Brokers. Before placing a CPF/SRS sell order, please log in to your agent bank’s platform to check your latest available holdings to ensure you have sufficient quantity for delivery.
What happens when I sell using my CPFIS-OA or SRS account? Will the proceeds increase my cash boost account buying power?
No, the proceeds from CPFIS-OA or SRS trades will be credited directly to your respective CPF or SRS account with your agent bank. They will not be reflected in the Cash Boost Account’s purchasing power.