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DBS Vickers Securities

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Investments

Online Brokerages

DBS Vickers Securities

SAXO Capital Markets

Hi, I have a few US stocks through Vickers and am a buy and hold casual investor. Is it worth while transferring my portfolio to Saxo to avoid custodian fees? Thanks, any advice?
CA
Clive Ang
Level 4. Prodigy
Answered 4d ago
Hi, There are custody fees for Saxocapital just FYI. Brokers have to earn money in some way. They usually charge custody fees, inactivity fees, live data fees etc to name a few. Always look through the fees on their website to get a better idea Also note that transferring your stocks from a CDP to Custodian Account will require a transfer fee per counter. Do take note of that as it will erode away from your current value Hope that helps
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Investments

Online Brokerages

ETF

STI ETF

DBS Vickers Securities

Regular Shares Savings Plans (RSS/RSP)

Hi I’m a fresh graduate that has just started working. Has just made a lump sum investment on NIKKO STI ETF ($7k) at $2.6 per share and going to DCA at $300 monthly. Anyone has advice on Nikko AM STI ETF Investing Strategy?
Kim Hwee
Kim Hwee
Level 4. Prodigy
Answered 2w ago
Hello, the STI ETF is definitely a good place to start if this is your first foray into investing. Your strategy of $300 monthly DCA through the DBS InvestSaver might not be the most cost effective in terms of fees but that is subject to personal preference as well. As the STI ETF only consists shares of 30 companies locally and is heavily weighted towards Financials and Telecoms (not much room for growth), you may want to consider deploying your $300 DCA into global equities instead which can be easily accessed through Roboadvisors like Stashaway, Syfe, etc. at low costs as well. Hope this helps!
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DBS Vickers Securities

ETF

Online Brokerages

Investments

1. Can the DBS Vickers account be in USD? 2. Do they charge a monthly custody fee for stocks / ETFs?
Gordon Lim
Gordon Lim
Level 5. Genius
Updated 2w ago
1. Yes. 2. No. DBS Vickers requires CDP (as opposed to custodian). CDP has a clearing fee for every trade. To recap, for every ETF trade you’ll have the trading fees imposed by Vickers and clearing fee imposed by CDP. If you are trading in US, theres the additional SEC charge. And you also need to look at the ETF you buy. For Nikko AM STI ETF, I know they take their fees from the dividends. Not sure if same for others.
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Interactive Brokers

Online Brokerages

DBS Vickers Securities

Investments

I just got my IBKR account approved. I searched all over the community / online and a bit confused considering that i had been using DBS Vickers to trade SGX stocks for few years. Any advice?
1) No inactivity fee for 1st 3 months. After that, they will start to charge USD 10/month. https://www.interactivebrokers.com.sg/lib/cstools/chat/?q=faq://pageId=51679208 2) I don't think there's any taxes for capital gain. Only US withholding tax for dividends. Not sure if there's any GST imposed. I haven't start buying US stocks via IB-SG yet. 3) USD 120/year x 5 years = USD 600. You need to add the min. USD 2.80 commission (since it's minimal, the actual commission you pay will be higher) + stock exchange clearing fees + SGD/USD exchange loss (but it's quite minimal). So far, these are the fees I know.
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Stocks Discussion

Investments

DBS Vickers Securities

Online Brokerages

How do you buy DBS stock?
Whether it's DBS or some other companies shares, I will buy via DBS Vickers Cash UpFront ($10 commision per trade + SGX Clearing Fee + GST etc.). Yes, the stock will be held in your CDP. However if you plan to get share financing (i.e. margin trading), then DBS will not allow you to do that on their stock 😏 Here's their list of marginable securities: https://www.dbs.com.sg/iwov-resources/pdf/loan/secured-financing/share-financing/marginablesecuritieslist.pdf
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DBS Vickers Securities

DBS

Online Brokerages

Investments

What can I do if I have used DBS cash upfront to buy stock, but I feel like selling before settlement date if there is major sell-off or stocks have risen to my targeted price?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 2w ago
Hi there! As stated in DBS's website https://www.dbs.com.sg/vickers/en/resources/faq/cash-upfront-account "Can I do contra trading with DBS Vickers Cash Upfront Account? No, contra trading is not allowed with DBS Vickers Cash Upfront Account."
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Investments

Stocks Discussion

Online Brokerages

DBS Vickers Securities

Hi all, I would appreciate if someone could help on this. I queued a stock at the price of $0.33, but it was filled at $0.315, while the money deducted was based on the former price. Any advice?
CL
Chuan lee
Level 5. Genius
Answered 3w ago
Have you factored in the processing cost of the platform? They typically costs about 10-25 min. (Unless you use some newer platform like tiger broker)
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Investments

ETF

Online Brokerages

DBS Vickers Securities

I have a $10K budget. Looking to start my investment journey on VWRA on DBS Vickers as a core investment portfolio. Should I use $10K as a lumpsum or DCA quarterly/monthly?
The Professor
The Professor
Level 4. Prodigy
Updated 3w ago
Never lump sum, always DCA. Also, don't get ripped off by local brokers like DBS Vickers with their ridiculously high commissions as well as fees that really shouldn't exist anymore today (like custody fee for instance) when buying overseas stocks/ETFs. There are much better ones, like Interactive Brokers for example.
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Stocks Discussion

SGX

REITs

Dividends

DBS Vickers Securities

Online Brokerages

What happens when my REIT issues dividend? Does it get pay out directly via my brokerage (DBS Vickers)?
As DBS Vickers send the shares to CDP, you will receive the dividends in your designated bank account if you opt for Direct Crediting Service.
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Investments

ETF

Online Brokerages

DBS Vickers Securities

How should I invest in LSE listed ETFs via DCA manually on DBS Vickers? Considering to invest 1K monthly or should I accumulate and invest quarterly? Also, would the fees be similar to stocks?
Gre Go
Gre Go
Level 3. Wonderkid
Answered 3w ago
I would really recommend looking at other brokers like IBKR. the Commission of local brokers is really painful for regular small trades
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