Anonymous

30 Jan 2020

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General Investing

What’s the difference between DBS Vickers Cash (Online) and DBS Vickers Case Upfront?

What are the main differences between the 2, including difference in fees etc

DBS Vickers Securities

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Gabriel Tham

30 Jan 2020

Tag Team Member at Kenichi Tag Team

Cash upfront means you need to have the cash before buying. You can only buy the same amount of cash you have. So if you have 1k you can only buy that amount.

Cash account means you buy first, pay later. You can buy up to a limit specified by broker, then T+2 days later you make payment via giro to vickers account.

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DBS Vickers Securities

2.8

88 Reviews

$25

MINIMUM FEE

0.18% to 0.28%

TRADING FEES

CDP

STOCK HOLDING TYPE

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What is the difference between DBS Vickers - Cash Account (Online) and Cash Upfront Account?

Are there any circumstances wherein DBS Vickers Cash Upfront wouldn't be a better option than a regular DBS Vickers account?

I bought some stocks through DBS Vickers using cash upfront. Recently, I sold the same stocks through DBS Vickers too but my brokerage account balance shows negative. Did I do something wrong?

Just applied for a DBS Vickers account to buy some blue chips, seems like they offer zero brokerage fees for first 5 trades for new users. Does it apply for cash upfront account too, or just cash account?

How to sell in DBS Vickers if you bought a stock using "Cash" and not "Cash Upfront"?