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DBS Vickers Securities

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Brokerages

DBS Vickers Securities

Stocks

Investments

DBS

Ericsson Ting
Ericsson Ting,
Level 3. Wonderkid
Answered 4w ago
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?

Investments

DBS Multiplier

DBS Vickers Securities

Savings

Bank Account

LC
Lee Chun Chuan,
Level 2. Rookie
Answered 4w ago
I think the issue is that if you have a multi-currency account, cashupfront will link with that and are unable to change to other accounts.

Investments

DBS Vickers Securities

Not sure, you probably need to check with the bank.

Investments

ETF

DBS Vickers Securities

Yes all US stocks are all subjected to 30% dividend withholding taxes. Vickers has access to UK markets and thus you can access irish domiciled ETFs if they are listed there. ishares, vanguard and spdr S&P500 ETF are the more common ones from the big names.

Investments

Stocks

DBS Vickers Securities

Yes it can be bought through DBS VIckers. Remember to set the settlement currency before buying so that the broker will know whether to settle in USD or SGD.

Investments

Stocks

Standard Chartered Online Trading

DBS Vickers Securities

Tay WenHao
Tay WenHao,
Level 4. Prodigy
Answered on 01 May 2019
Im using DBS Vickers and from what I know its directly transferred to CDP account. Not held by 'custodian' aka DBS

Investments

ETF

DBS Vickers Securities

Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Answered on 27 Apr 2019
Dbs vickers may not be the best choice due to the commission structure of minimum 25 usd per trade. Interactive brokers and Td Ameritrade will charge lower. I'm getting a 5 USD minimum with Td due to a group rate via my community and there are no custodian or live data fees involved

DBS

DBS Multiplier

DBS Vickers Securities

DBS Multi Currency Account

Bank Account

HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 23 Sep 2018
Yes you are right, DBS Multiplier is just a DBS MCA with steroid at higher interest rate. I don't see any downside except the min 3k balance or else with admin charges and the higher interest rates (eg.1.85%) comes at the cost that one must do 2 types of transactions with DBS.

DBS

DBS Vickers Securities

Investments

Adds on: In case you do not have internet banking and do not have enough time to apply for an online account. You can use your ATM card and go to your ATM machine to transfer the money to your "Brokerage Company Account Number". The ATM Slip will be a prove that you have made payment if there are any issue in the future. Wah. I answer first here ah? Here goes. 1. Bank transfer to the brokerage account number. Not ur broker account number ah. 2. Write a chq, cross to ur brokerage company and deposit before T+3 with the brokerage bank account number and deposit at the right bank. Dun know what is T+3. Ask ur broker and pls dun cross chq to ur broker name! 3. Go to ur brokerage coMpany and pass them the cheque and ask for receipt of acknowledge ment. Dun try cash. They wun accept it even if u bring pure cash in thousand dollar notes. Another Good Deed Done!

Investments

Stocks

DBS Vickers Securities

Yes. If partial order is filled, it is considered 1 trade, and you will be charged full commission. If you want to buy/sell the 1000 shares without partial order then you have to buy up or sell down. If you queue then you risk the partial order. This usually happen when people want to try and save on that 1 bid and queue at a better pricing to save on that little bit but end up partial order. Another way to avoid partial order is DON'T trade low liquidity stocks.
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