What are the fees charged when trading on DBS Vickers?

Hi,

Below is an example of a buy order on Vickers:

Let’s break it down:

1. Total contract value (TCV): How much your stock cost (number of stocks X your bid value)
2. Commission: For the bank. “for administrative etc.”
3. Clearing fee: TCV X 0.0325% (mainly for CDP “to help you transfer and hold your stocks after”)
4. SGX Trading fee: TCV X 0.0075% (for SGX services)
5. GST: 7%

Total commission & fees: point 2-5

Indicative total: point 1-5.

Others:

Do note that this is for cash up front. If you bid through cash, it’s a little costlier.

Fees may change overtime. As rumours has it, clearing fees may be reviewed in 2020.

Suggest that you to calculate the total commission & fees % to see if its worth your bid.

For further details on fees you can read here:

https://blog.seedly.sg/the-ultimate-cheatsheet-...

For discussion on what is cash upfront vs cash you can read here:

https://seedly.sg/questions/what-is-the-differe...

For selling its similar depend on your option maybe others can pitch in.

Hope this helps.

*Disclaimer: Please perform your own appropriate due diligence

The most important part is the commissions for trading.

Min commission is $25, for cash upfront is $10

The other fees are clearing fee, gst, trading fee. These are only a very small portion.

For me personally, I use $30 as a estimate for a trade