Anonymous
Are there any circumstances wherein DBS Vickers Cash Upfront wouldn't be a better option than a regular DBS Vickers account?
Assuming one has the lump sum they are intending to invest at the ready, would it be safe to say that DBS Vickers Cash Upfront would be the superior brokerage account since it has lower fees than a regular DBS VIckers account?
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Elijah Lee
13 Jan 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
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No. DBS vickers cash upfront is superior in all fronts as compared to regular DBS vickers account.
The only circumstances i can think of is if you want to play contra because DBS Cash upfront requires you to pay upfront cash while contra is merely buying and selling within 2 market days
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Bjorn Ng
13 Jan 2020
Business Analyst at 10x Capital
Hey there,
Yes you are right. If you have the cash upfront, it's better to use DBS Cash Upfront bec...
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Hi anon,
Pretty much yes, if you have the lump sum ready, then a cash upfront account (in general), regardless of broker, will offer a lower commission.
However, this money needs to be in the account already, so take note that. Be aware that if DBS is the custodian of your holdings, you won't be entitled attend AGMs and corporate actions will likely have to be acted on through the broker, as opposed to doing it yourself.