What do you think about Dollardex? Can anybody review if this is a good investment platform?

Hi guys, I am a newbie investor and have opened up a DBS Vickers account to invest in ETFs (Local and Foreign).

I was then introduced to dollardex by my friend, I read online that dollardex charges 0 commission and sales fees .

I am wondering should I switch over to Dollardex? It seems to be better than DBS Vickers

Thanks!

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Tan Choong Hwee

24 Jul 2021

Investor/Trader at Home

DBS Vickers is a stock brokerage, dollarDEX is an unit trust platform. They are meant for different investment instruments.

POEMS is another brokerage that allows both stock/ETF and unit trust investment. Their unit trust is also zero fees (zero sales charge, zero switching fee, zero platform fee, same as dollarDEX). Their Cash Plus account is a custodian account and has lower commission rates than CDP brokerages. Here is their pricing structure:

https://www.poems.com.sg/pricing/

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Jonathan Chia Guangrong

21 Dec 2019

SOC at Local FI

I won't recommend mutual funds / unit trusts that are available through dollar dex. It's been proven that the high fees eat up a lot of returns over time. And fees are charged regardless of how well the fund is doing.

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Choon Yuan Chan

20 Dec 2019

Hi, I would always advise investing ETFs over mutual funds. This is because past academics have stud...

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