Anonymous
Can I daytrade using DBS Vickers? Buy and Sell on the same day?
Using DBS Vickers, If I bought using Cash on Monday morning lets say at 0901hrs and sell it at 1010hrs the same day. Is that possible? Will the share be reflected in my CDP immediately? Or do I need to have the share in my CDP first before selling?
Any experience user using DBS VIckers?
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From my experience, you can do it with a cash account. (Not so sure about cash upfront). DBS Vickers will let you buy and sell and 3 days to settle the trade, after which it will be transferred to CDP.
Like the others said, do note that DBS fees are pretty expensive though.
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Colin Lim
14 Apr 2020
Financial Services Consultant at Colin Lim
FSM can... So i think dbs vickers can... See who invest via dbs vickers.
Like what Lok yang Teng sai...
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I would say that it wouldn't be great to daytrade with a bank/platform that doesn't put daytrading as it's key focus. The flaws are always due to them being slow to respond since it is not their top priority, as well as high fees. Other platforms such as Oanda might be good to look into.