Advertisement

Anonymous

31 Jul 2020

∙

General Investing

1. Can the DBS Vickers account be in USD? 2. Do they charge a monthly custody fee for stocks / ETFs?

DBS Vickers Securities

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Gordon Lim

31 Jul 2020

Yes.
No. DBS Vickers requires CDP (as opposed to custodian). CDP has a clearing fee for every trade.

To recap, for every ETF trade you’ll have the trading fees imposed by Vickers and clearing fee imposed by CDP. If you are trading in US, theres the additional SEC charge. And you also need to look at the ETF you buy. For Nikko AM STI ETF, I know they take their fees from the dividends. Not sure if same for others.

Reply

Save

Write your thoughts

Related Posts

How should I invest in LSE listed ETFs via DCA manually on DBS Vickers? Considering to invest 1K monthly or should I accumulate and invest quarterly? Also, would the fees be similar to stocks?

I have 3 accounts in IBKR but I want to close 2 because I don't want to be charged monthly maintenance fee USD 10 x 3accounts. What should I do??

1)Can someone explain how SYFE charges? I have 3 accounts with them and i notice that i have fee deduction in all 3 accs? Shouldn't it be only 1 fee charged?2) My portfolio has been underperforming

I want to buy a Singapore stock but it is quoted in USD. I have a DBS MCA account. Do I need to do currency conversion or will DBS Vickers auto convert and deduct from my account?

How does it work if i buy from 2 different brokerage accounts? Currently i am on iOCBC but i am looking to switch to DBS Vickers. Will all my stocks i bought via iOCBC be reflected in DBS VIckers?

Related Products

DBS Vickers Securities

2.8

88 Reviews

$25

MINIMUM FEE

0.18% to 0.28%

TRADING FEES

CDP

STOCK HOLDING TYPE

Moomoo Singapore

4.7

482 Reviews

Saxo Markets

4.5

957 Reviews

Related Posts

How should I invest in LSE listed ETFs via DCA manually on DBS Vickers? Considering to invest 1K monthly or should I accumulate and invest quarterly? Also, would the fees be similar to stocks?

I have 3 accounts in IBKR but I want to close 2 because I don't want to be charged monthly maintenance fee USD 10 x 3accounts. What should I do??

1)Can someone explain how SYFE charges? I have 3 accounts with them and i notice that i have fee deduction in all 3 accs? Shouldn't it be only 1 fee charged?2) My portfolio has been underperforming

I want to buy a Singapore stock but it is quoted in USD. I have a DBS MCA account. Do I need to do currency conversion or will DBS Vickers auto convert and deduct from my account?

How does it work if i buy from 2 different brokerage accounts? Currently i am on iOCBC but i am looking to switch to DBS Vickers. Will all my stocks i bought via iOCBC be reflected in DBS VIckers?

Advertisement