DBS Vickers Securities - Seedly

DBS Vickers Securities

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FSM One

DBS

DBS Vickers Securities

AMA 1M65

Investments

Chuan Lee
Chuan Lee

()

Level 2. Rookie
Updated 3d ago
Both are about the same for purchasing. However, there is no 'cash upfront' for DBS Vickers, hence costing 25++ to sell your holdings. I'm trying out FSMone for selling since they are able to sell at $10 from those online reviews.

DBS Multi Currency Account

DBS Vickers Securities

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Updated 3w ago
Yup it's pretty straightforward :) You will be able to see a cash amount in your DBS Vickers trading account. And when you make a trade, you can actually check if the trade fees will be $10 which is the correct amount.

Investments

Regular Shares Savings Plans (RSS)

DBS Vickers Securities

STI ETF

ETF

Kenneth Chan
Kenneth Chan

()

Level 3. Wonderkid
Answered on 25 Jul 2019
1. Regular savings plan have lower front and back loading fee more suitable for DCA. 2. Regular savngs plan have more limited stock options to choose from (presumably "safer" stocks). 3. You do not technically "own" the stock but a unit of it when you buy stocks using regular savings plan.

Stocks

DBS Vickers Securities

Dividends

Investments

CDP will credit the dividends into the bank account you specified during account opening. If you need to change it, there is a form to do so.

OCBC Securities iOCBC

DBS Vickers Securities

AMA Investment Moats

Bank Account

Investments

Kenichi Xi
Kenichi Xi
Top Contributor

Top Contributor (Sep)

Level 6. Master
Updated on 07 Jun 2019
Most Stock Brokerage Account are linked to One CDP account. That's make buying and selling possible with different brokerage and for you will be OCBC and DBS. The only downside is transactions are not updated on the brokerage side if the buying and selling are not from the same brokerage. At all time, you should login to your CDP account to check your holdings. The downside about CDP is the pricing on average up or down is not reflected accurately so you can refer to the existing pricing reflected in your OCBC account before you delete any records from your OCBC portfolio record. From there, you can use the record you confirmed and type it into DBS portfolio record. Bear in mind you should delete the record which are redundant or are sold off by the different brokerage you used. In an event, you saw x shares in OCBC portfolio but you already sold off x shares using DBS portfolio. And if u sell the x shares with no x shares in CDP, it will be classify as short selling and you will be fine by SGX after paying the losses or receive the gain (unlikely) in the process. 我是不是很棒棒?

Brokerages

DBS Vickers Securities

Stocks

Investments

DBS

Ericsson Ting
Ericsson Ting

()

Level 3. Wonderkid
Answered on 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?

Investments

DBS Multiplier

DBS Vickers Securities

Savings

Bank Account

LC
Lee Chun Chuan

()

Level 2. Rookie
Answered on 04 Jun 2019
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

Goh Kah Kiat
Goh Kah Kiat, Editor-in-chief at Risknreturns.com

()

Level 4. Prodigy
Updated on 07 Jun 2019
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.
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