DBS Vickers Securities Reviews and Comparison - Seedly
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DBS Vickers Securities

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  • Reviews (27)
  • Questions (65)
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Online Brokerages/DBS Vickers Securities

DBS Vickers Securities

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

    DBS Vickers Securities

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

Details

DBS Vickers is DBS' very own online brokerage platform.

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)

Read More about DBS Vickers Securities
Reviews (27)

3.0

27 Reviews

  • 5
    0
  • 4
    10
  • 3
    11
  • 2
    1
  • 1
    5

Read Review About...

cash upfront

customer service

super slow

place order

trading platform

mobile app

user interface

upfront option

lower commission

improved platform

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  • Updated 3d ago

    Purchased

    DBS Vickers Securities

    This is by far the WORST trading platform ever!! Super slow, sluggish. sloth, lagging behind all other trading platform available. Chart does not auto refresh.. I've to manually refresh just to see the latest bid ask. Only allows me to open one chart at a time. Nonsense! You can't open Advanced Market Data full table together with chart. Only one at a time! Happened to me once I was about to place an order and out of the sudden I was logged out for no particular reason. Wahttt?....! Simply horrendous The only good thing is that you can transfer funds easily from your DBS MCA. Other than that, nothing. Go with other platform. If you were to use SAXO, POEMS or TDA. They are millions of light years ahead of this pathetic platform. I seriously wish that DBS do something about it. Ive been wishing it for years now but nothing. DBS Still living in the 80's. Need DBS to really up the game. Total Failure from the so called World's Best Bank :(
    0 comments
    0
  • Updated 5d ago

    Purchased

    DBS Vickers Securities

    I thought dbs vickers was good until i try it. their service is super slow. i wish i had try other trading firm instead
    0 comments
    0
  • Updated 3w ago

    Purchased

    DBS Vickers Securities

    Terrible interface that does not warn you that you only have 5 tries to try out your password, and there is no way to reset the password online. The only way to reset your password is through the customer hotline/email, both of which is entirely unresponsive despite repeated calls/email. Basically you can forget about having your trade processed if you find yourself locked out of the system
    0 comments
    2
  • Updated on 24 Feb 2020

    Purchased

    DBS Vickers Securities

    Bad user interface, only saving grace is that it counts towards my mutiplier account criteria. There are so many part of the platform that can be improved.
    0 comments
    0
  • Updated on 21 Feb 2020

    Purchased

    DBS Vickers Securities

    Quite a bad user interface. The saving grace is that all trades made contribute to your DBS multiplier bonus interest. [Market Access] It offers UK market access which is great for those who want to invest in UCTIS fund, for now, before Britain crashes out with no deal.
    0 comments
    0
Questions (65)

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Investments

Stocks Discussion

DBS Vickers Securities

DBS

REITs

SAXO Capital Markets

Hi Zach, If you purchased with the 'CASH' account then this works like most accounts which are CDP linked; i.e. you need to ensure that you settle on T+2 or else your shares will be force sold. Depending on how your Vickers account works, this could be a GIRO deduction (ensure enough monies), or you might have to manually transfer funds into your account to settle.
šŸ‘ 4

Stocks Discussion

ETF

Standard Chartered JumpStart Account

DBS Vickers Securities

Savings Accounts

Before your start investing, it will always be helpful to go back to the basics - understand your cashflow. Here is some basic information: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/ Next, ensure that you are properly insured especially in terms of healthcare insurance. While we chase after our financial goals, do not forget the engine of this race - which is you! Thereupon, ensure that you are adequately covered in case of any health changes. Everyone wants to be healthy, but life is unpredictable. Thereafter, keep what you need in the bank, which is usually about 3 to 6 months your monthly expenses (as explained in the link above on understanding your cash flow). For the money that you can 'afford to lose', this money can be invested. This is simply because investment returns are non-guaranteed. I share quality content on estate planning and financial planning here.
šŸ‘ 0

Stocks Discussion

DBS Vickers Securities

Investments

ZT
Zachary Teo
Level 4. Prodigy
Answered 4d ago
Hey anon! I would say you should at least keep half of the amount in a fixed deposit account. As for investing, I would say go for Interactive Brokers (IB) to invest in US stocks. They have super low comission rate regardless of the amount you place in. I begin with 500USD with them and traded over half a year. I have made some gain because of their low commission. DBS vickers is definitely good if you want to invest in SG stocks. Now is a good time to look into it and apply for an account. It works best if you have a multiplier with them too. However, be wary that the customer support for vickers is not the best. I read some reviews on Seedly and most of them are negative about the customer service. Alternatively, you can try POEMS or KayHian for CDP accounts.
šŸ‘ 1

DBS Vickers Securities

Stocks Discussion

Investments

Gabriel
Gabriel
Level 8. Wizard
Updated 4d ago
Hey Anon, I don't think it's possible to purchase stocks using cash upfront via the Vickers mobile app. I've tried to before as well but couldn't find the cash upfront option, therefore I've been using the web version on my mobile which isn't too bad given that the mobile app isn't very user friendly either. To check if your Vickers account is connected to your CDP, do login into the CDP portal and under the Customer Service tab, click on View/Update Profile. You'll be able to see all of your linked brokerage accounts under My Trading Account on the right. !
Answer image preview
šŸ‘ 1

Investments

Online Brokerages

DBS

DBS Vickers Securities

Gabriel
Gabriel
Level 8. Wizard
Answered 4d ago
Hey Anon, in my case, I applied to open a Vickers account on 31 Dec 19 and it was activated on 6 Jan 20. So it took about 3 working days for me. Perhaps you can drop them an email at [email protected] , they're pretty quick to respond.
šŸ‘ 0

Investments

Stocks Discussion

Online Brokerages

Brokerages

DBS Vickers Securities

Gabriel
Gabriel
Level 8. Wizard
Answered 4d ago
Hey Anon, you'll need to fill up the W-8Ben form, do check out the link below from DBS on how to go about this - https://www.dbs.com.sg/personal/support/investment-vickers-activate-foreign-markets.html
šŸ‘ 1

DBS Vickers Securities

Online Brokerages

Brokerages

Tee Hon Eng
Tee Hon Eng
Level 4. Prodigy
Updated 2w ago
Hi Anonymous, following is a link to similar question 2 weeks ago. https://seedly.sg/questions/do-i-need-to-pay-a-custodian-fee-while-holding-stocks-from-sgx-through-the-dbs-vickers-cash-upfront-account You can always search for similar questions on seedly or when in doubt, you should approach your broker for more information. Short answer is no custodian fees for stocks in your CDP.
šŸ‘ 0

DBS Vickers Securities

Investments

Cash upfront does not have fall below fees or minimum balance required. BUT your bank's savings account would have a fall below fee or minimum balance requirement. Check which saving account you opened and check the fees.
šŸ‘ 0

Investments

Stocks Discussion

OCBC Securities iOCBC

DBS Vickers Securities

Hi anon, You may change your DCS through the "Apply for CDP services" form: https://api2.sgx.com/sites/default/files/2019-03/Apply%20for%20CDP%20Services%20-%20Editable%20201903.pdf To link your trading account to your DBS Vickers, you'll need to use the "Apply/Revoke Account Linkage" form: https://api2.sgx.com/sites/default/files/2019-03/Apply%20for%20or%20Revoke%20Account%20Linkage%20-%20Editable%20201903.pdf However, a CDP account can have multiple brokerage accounts linked to it, so there's no need to 'change' it from OCBC to DBS per-se. Imagine if you accidentally forgot your password or locked yourself out of the Vickers account, you can still use your OCBC account to buy shares as a last resort.
šŸ‘ 4

Investments

SAXO Capital Markets

DBS Vickers Securities

Hi anon, In general there should be no issues to leave your assets in Singapore. You will need to ensure that whatever your next destination is, you are aware of the legal and tax obligations when it comes to capital gains and dividends on overseas held counters. Check if there is any tax-treaty in the new country that may impact this. Singapore has no tax on capital gains or dividends, but if the country you are moving to has them, it might be better to leave your assets in Singapore to accumulate.
šŸ‘ 1
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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