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Anonymous

07 Jun 2019

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General Investing

Will the DBS Vickers Cash Upfront Account only hold your stock for 3 days?

For DBS Cash Upfront brokerage users: is it true when making a trade with the DBS Vickers Cash Upfront account, it will only hold your stock for 3 days before transferring to the CDP account?

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Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

This applies to all brokerage. The rule is T+2 settlement.

When you buy shares, the shares will be settled on T+2 where T is the day your order was filled. Then the shares will be deposited to CDP.

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Ericsson Ting

02 Jun 2019

Hi yes,dbs cash upfront is custodian account hence the cheaper fees compare to dbs cash account. it is unlikely to sell the stock in 3 day unlless you are trading,in which case may i suggest that you look into fsmone or standard charter brokerage?

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DBS Vickers Securities

2.8

89 Reviews

$25

MINIMUM FEE

0.18% to 0.28%

TRADING FEES

CDP

STOCK HOLDING TYPE

Related Posts

I am using dbs vickers cash account. Can i buy a stock on friday and sell it on monday ? I understand that usual trading take 3 days to settle. Do i need to wait 3days later to sell the stock ?

Do I need to pay a custodian fee while holding stocks from SGX, through the DBS Vickers cash upfront account?

Can I buy and sell a stock on the same day using DBS Vickers Cash Upfront 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?

Hi everyone! Is it possible for me to sell some SGX stocks (bought using DBS Vickers cash upfront account) through my Standard Chartered trading account?

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