DBS Vickers Securities Reviews and Comparison - Seedly
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DBS Vickers Securities

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  • Reviews (59)
  • Questions (0)
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Online Brokerages/DBS Vickers Securities
Online Brokerages/DBS Vickers Securities

Unclaimed

This product has not been claimed by the company yet.

USER RATINGS

Customer Support

3.0

User Experience

2.8

DBS Vickers Securities

$25
MINIMUM FEE
0.18% to 0.28%
TRADING FEES
CDP
STOCK HOLDING TYPE

    DBS Vickers Securities

    $25
    MINIMUM FEE
    0.18% to 0.28%
    TRADING FEES
    CDP
    STOCK HOLDING TYPE

Details

DBS Vickers Review 2020

DBS Vickers is DBS' very own online brokerage platform.

Read More about DBS Vickers Securities
Reviews (59)

2.9

59 Reviews

  • 5
    2
  • 4
    18
  • 3
    23
  • 2
    4
  • 1
    12

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  • Updated 3w ago

    Purchased

    DBS Vickers Securities

    Awful, told me how much I had to pay via EPS over the phone but left out my contra losses, which was allowed to snowball. And when I paid up my contra losses in full they did not restore my buy limit. It's as if they are trying to lose customers.
    0 comments
    0
    Post
  • Updated 4w ago

    Purchased

    DBS Vickers Securities

    [Commission Rates] One of the most cost-effective local brokerage to purchase SG shares that are kept in CDP account (Pre-funded account). Otherwise, the fees are quite expensive in my opinion. Thus great for those who want their SG shares under their name in CDP account when using pre-funded account for long-term investment. [User Interface] Not really a fan of the user interface even thought it looks very basic and simple. Can be a bit confusing in the beginning if you are a beginner to investment. Wish they will improve on this (Looks quite outdated).
    0 comments
    0
    Post
  • Updated 4w ago

    Purchased

    DBS Vickers Securities

    I am a user of both UOB Kay Hian and DBS Vickers. For Vickers, I do not have to transfer money to the brokerage house as they automatically deduct from my account. The rates and UI are also better than UOB's.
    0 comments
    0
    Post
  • Updated on 21 Aug 2020

    Purchased

    DBS Vickers Securities

    The Cash Upfront feature is really cost-effective as a CDP-linked brokerage. Stocks go straight to your CDP account at a low min cost of about $10! One of the cheapest in the market. From my experience, other brokerages have charge higher for CDP linkage. I mainly use DBS Vickers for investing in SG stocks so I cannot speak for the experience on trading in the foreign markets. However, the mobile trading platform is really outdated. Hope the rectify it soon.
    1 comment
    0
    alwayslah

    21 Aug 2020

    Nothing special, other trading platform offer even cheaper. Just need to be aware whether is Custodian or CDP.
    Post
  • Updated on 21 Aug 2020

    Purchased

    DBS Vickers Securities

    Be warn -when opening account with DBS Vic Been trading with DBS Vic for 4 months. Always using cash up front for SGX trade. I been using cash account with cash top up to trade US stocks. Of out blue, DBS Vic informed me to part ways- close account without giving any explanation When contacted Vic they said instruction given by DBS bank. When I call the bank, they told me to check with Vic. I am a Singaporean and I have always use my own cash to trade with DBS Vic and I still don’t know why penalized me! Now, they inform me asap to find another broker to transfer out the US/SGX stock under DBS Vic. I called this Big Bully!
    0 comments
    0
    Post
Questions (0)
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Types of services DBS Vickers provides

DBS Vickers offers a few types of services on their trading platform:

  • Comprehensive stock analysis tools to help screen and compare.
  • Charting capabilities with customisable indicators and display format.
  • 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 accounts 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 Investors 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