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Ratings Breakdown (14)
3.2
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- 35
- 21
- 11
| Product Name | DBS Vickers Securities |
|---|---|
| Stock holding type | Central Depository Account (CDP) |
| Fees | Minimum: $25 < $50k: 0.28% $50 to $100k: 0.22% >$100k: 0.18% |
| Cash Upfront Option | Minimum $10 or 0.12% whichever is higher |
More about DBS Vickers Securities
Reviews (14)
Q&A (24)
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- Jacky YapLevel 4. Prodigy‧Reviewed on 04 Mar 2019Been using DBS Vickers as my local broker. + Easy to use interface + It links to my DBS multiplier account hence every month when I make a trade, it will be counted as a fulfilment to the "investment" requirement to qualify for higher interest rate for my DBS Multiplier account. + Allows you to preview your trades along with the fees before you confirm your trade - App is totally not usable. Cant manage to log in despite multiple attempt. - Fees are competitive to other local brokers but higher than custodian brokers such as Saxo (which i use for my overseas stocks) Overall 4/5!Comments (0)00Share this
- Keh ErLevel 1. Freshie‧Reviewed on 20 Feb 2019Main advantage over SCB is your local (SG) shares are held by SGX CDP (sense of security). However the brokerage fees are high as the various brokerage firms benchmark against each other. Am not brave enough to use brokers without brick n mortar set-ups like IB (just up and disappear anytime?). Brokerage fees are especially expensive for trading of foreign shares, as no cash upfront option. Cash upfront also not available for joint accounts, which is disappointing as couples may want to build their nest egg together. Agree that customer service can be improved. They hire a bare minimum of headcount, presumably to keep costs low. But with enough perseverance from the customer you can eventually get everything set up n figured out.Comments (0)00Share this
Yong Kah HweeLevel 6. Master‧Reviewed on 17 Sep 2018I have been using DBS Vickers for a few years now. I use the Cash Upfront account to buy my shares, because it offers one of the lowest commission on the market. Using this platform also helps me increase my returns in my DBS Vickers account. However, the trading platform can be improved by updating its looks and functions. Other brokerage accounts offer apps with much better functions and looks.Comments (0)20Share this- Sumarto ISkandarLevel 1. Freshie‧Reviewed on 27 Aug 2018I trade mostly shares listed in US, HK and Singapore. Settlement in USD and HKD is a big problem. I have to go down to the branch, queue for an hour at teller at DBS, then the fund take 2 working days to received. Same thing when Vickers transfer to DBS account. Also have to Queue and take 2 days to receive the fund. I understand the Vickers's usd or HKd acccount with DBS. The problem is obvious but no one is solving the issue. The digibank doesnt work too. Very frustrating..Comments (0)00Share this
- Frank NgLevel 2. Rookie‧Reviewed on 19 Jul 2018Vickers is generally unfavoured compared to SCB's lower rates, but there are some advantages: - Easy integration with DBS bank accounts - Cash upfront provides low rates for local trades - Decent number of promotions and rebates for active traders - Access to certain exchanges (for example: TSX and US OTC) that the rest don't - Seamless sign up and 24H customer service - So far got free 4X movie tickets to an exclusive screening and buffet for selected traders (guess I've used/paid them a lot) before...was nice!Comments (0)10Share this
- Brandon LoiLevel 3. Wonderkid‧Reviewed on 19 Jul 2018Pros: - Competitive Rates - Linked to DBS accounts Cons: - Poor customer service - Horrendous UI for mobile app I have switched from DBS Vickers to DBS Wealth Management, which is much much better. There is also no minimum commissions for trades, and there is access to many international markets but with the accompanying custodian fees.Comments (0)10Share this
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Types of services DBS Vickers provides
DBS Vickers offers a few types of services on their trading platform.
- GIRO service offers an automatic and convenient way of debiting payment from credit sale proceeds to designated DBS or POSB bank account.
- Electronic payment for shares (EPS) feature where investor can conveniently pay for their Singapore shares investment at ATMs or through their iBanking account.
Types of account available with DBS Vickers
DBS Vickers offers various types of account, catered to the different needs of individual investor.
The types of account DBS Vickers provide are:
- Cash account (online)
- Cash upfront account
- Young investor account
- Investing with Central Provident Fund (CPF)
- Investing with Supplementary Retirement Scheme (SRS)
Brokerage fees and charges of DBS Vickers
The fees and charges of DBS Vickers are as follows:
Online
- Minimum Commission: S$25
- Investment of S$50,000 and below: 0.28%
- Investment of S$50,000 to S$100,000: 0.22%
- Investment above S$100,000: 0.18%
By Phone
- Minimum Commission: S$40
- Investment of S$50,000 and below: 0.375%
- Investment of S$50,000 to S$100,000: 0.300%
- Investment above S$100,000: 0.225%
Other transaction charges:
- Clearing fee imposed by CDP: 0.0325%
- SGX Trading fee: 0.0075%
Contact DBS Vickers
- DBS Vickers hotline: (65) 6327 2288
- Email:
Singapore: [email protected]
Hong Kong: [email protected]
Thailand: [email protected]