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!
10
Discussion (10)
Learn how to style your text
Tan Choong Hwee
24 Jul 2021
Solutions Specialist at Providend
Reply
Save
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.
Reply
Save
Hi, I would always advise investing ETFs over mutual funds. This is because past academics have stud...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
DBS Vickers is a stock brokerage, dollarDEX is an unit trust platform. They are meant for different investment instruments.
ā
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/