DBS Vickers Securities
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- Reviews (87)
- Discussions (0)
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2.8
87 reviews
Unclaimed
This product has not been claimed by the company yet.
Summary
DBS Vickers Review 2021
DBS Vickers is DBS' very own online brokerage platform.
Popular Products
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
Reviews (87)
2.8
87 Reviews
5
3
4
23
3
32
2
10
1
19
Service Rating
Customer Support
3.2
User Experience
2.7
- [Commission Rates] They are a CDP holding account so rates will be higher. I use them for my SRS investments since the costs are relatively trivial over a longer timeframe. [User Interface] One way of looking at it is that they offer the 'retro' 90s experience. Charms of a forgotten age! [Customer Service] Serviceable if you call them but error messages are cryptic if trades fail and no other real alternative than calling them. Process still involves manual paperwork for most service requests. [Products Offered] Pretty broad coverage but I haven't used all of them due to SRS allowed products limitations. Overall, just about OK for SRS transactions especially if you already have a DBS relationship for other stuff. It helps jump through DBS Multiplier hoops for the highest interest rate so one persists.
0
What are your thoughts? - DBS Vickers' Cash Upfront Account is the best in class at the moment, probably due to lack of strong competition, its reasonable trading fees, and most importantly, automatically transferring my purchased shares to my own CDP account. Other local brokerages are generally custodian-based accounts hence their lower trading fees.
0
What are your thoughts? - [Commission Rates] The commission fee on DBS Vickers is very expensive unless you use their Cash Upfront function. [Market Access] I used it to buy SG stocks in the past to store them in my CDP. [User Interface] Outdated user interface and not user-friendly. Their mobile app is horrible.
0
What are your thoughts? - [Commission Rates] The commission rate on DBS vickers is pretty high relative to other brokerages available. [User Interface] Both web interface and mobile app interface are very outdated and not user friendly - Just enough for users to carry out basic transactions
0
What are your thoughts? - Posted 05 Nov 2021
Purchased
DBS Vickers Securities
[Commission Rates] Definitely higher cause you own your stock. What else could you said? =) [User Interface] Not the best in app, hopefully the latest upgrade will be a hit. [Others] My thought is suitable for long term dividend stock holders. E.g- Reits.0
What are your thoughts? - [Commission Rates] Commission rate and transaction fees are relatively high compared to custodian platforms. [Others] Transfer of funds/fiat to account will take 3-4 business days to complete which is quite slow IMO
0
What are your thoughts? - Posted 24 Sep 2021
Purchased
DBS Vickers Securities
I used DBS Vickers since 2019 as it had the most competitive rates for trading of SGX-listed stocks into CDP account and not a custodian account. The platform is easy to understand and signup process is straightforward. While the rates are not as competitive as many other custodian-only platforms nowadays, it is still a viable option if you prefer the comfort of having stocks in your CDP account.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 Singapore
- DBS Vickers hotline: (65) 6327 2288
- Visit DBS Vickers' website for more information
Contact us at [email protected]should you require any assistance or spot any inaccuracies.
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