DBS Vickers Securities Reviews and Comparison - Seedly
 

DBS Vickers Securities

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  • Reviews (20)
  • Questions (41)
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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

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)
Read More about DBS Vickers Securities
Reviews (20)

3.2

20 Reviews

  • 5
    0
  • 4
    9
  • 3
    8
  • 2
    1
  • 1
    2

Read Review About...

cash upfront

customer service

upfront option

hope guide

dbs ibanking

commission fees

lower commission

links dbs

mobile app

term guide

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  • Updated 6d ago

    Purchased

    DBS Vickers Securities

    Great brokerage for beginners,have been using it for stock that i am holding long term! below is a guide on how to purchase stock using dbs vickers,hope the below guide helps! (Post 63/week 50)Learning investing/trading together part 8:How to purchase a stock?(DBS vickers) (Post 64/week 50)Learning investing/trading together part 9:How to purchase a stock part 2?(DBS vickers)
    0 comments
    0
  • Posted on 07 Dec 2019

    Purchased

    DBS Vickers Securities

    Only reason i use DBS, its because of its low $10/trade for cash-funded transactions and linked to CDP. Owise, there's nothing much to talk about it.
    0 comments
    0
  • Posted on 28 Nov 2019

    Purchased

    DBS Vickers Securities

    [Commission Rates] Good, only $10 for the "Cash Upfront" option. However, it only allows you to place orders which expire at the end of the day, meaning you have to place your orders everyday if the order is not filled. Unnecessary hassle, wish DBS would do something about allowing the order to be there till it is filled. [User Interface] I really dislike it. It's difficult to navigate, and the technical charts and analysis are all over the place. Extremely difficult to navigate, the columns are so unclear it's difficult to find what I need. Placing the search bar at the bottom and then keeping the results at the bottom makes no sense. I resort to using other websites and brokerages for their tools, the only reason I place trades on Vickers is for Multiplier and nothing else. User interface has a long way to improve.
    0 comments
    0
  • Posted on 21 Nov 2019

    Purchased

    DBS Vickers Securities

    Good: Offers low commission fees of $10 with cash upfront (means that money is immediately used from account, instead of only deducting when you have made a successfully buy), and it's not a custodian account. Bad: Based on my experience, cash upfront option only allows you to place buy orders that is "Good for day", meaning that the order placed will be cancelled when the market closes at the end of the day. Would prefer to have the option of "Good till sold", so that I do not have to keep placing orders.
    0 comments
    0
  • Posted on 17 Nov 2019

    Purchased

    DBS Vickers Securities

    Lowest min commission charge of $10 as compared to other banks and its not custodian account! Downside is if were to sell thru DBS Vickers it would be $25 (min commission charge) But as mentioned above its under your own CDP account so I sell through FSM for lower Commission charges. ($10) - Note: Reason why I didnt buy thru FSM even though it's also $10 is because FSM is custodian account. Feel better to hold it in my CDP :)
    0 comments
    0
Questions (41)

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Stocks Discussion

PhillipCapital (POEMS)

FSM INVEST EXPO 2020

DBS Vickers Securities

I am only aware of POEMS

OCBC Securities iOCBC

DBS Vickers Securities

AMA Investment Moats

Bank Account

Investments

Kenichi Xi
Kenichi Xi
Level 7. Grand 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?

DBS Vickers Securities

Bank Account

Investments

Charmaine Lim Xiaomei
Charmaine Lim Xiaomei
Level 5. Genius
Updated on 07 Jun 2019
Hi there! Not sure if this answers your question. When I opened my DBS Vikers, it came with a DBS multi-currency account. To use the cash upfront option in Vikers, simply top up your multi-currency account and the buy limit of your Vikers will increase accordingly.

DBS

DBS Vickers Securities

Investments

Wilson Nid A Break
Wilson Nid A Break
Level 8. Wizard
Answered 1w ago
The online interface is intuitive enough to do self-directed investing orders. dont waste extra monies on a broker

Investments

DBS Vickers Securities

Brokerages

SK
Shabir Khan
Level 2. Rookie
Answered 2w ago
Hi, If you want custodian and Low fees i would recommend FSMOne, although they only give access to SG, HK & US markets, they don’t have custodian fees and their commissions are competitive. With custodian you don’t get invited to AGMs etc. For CDP I would recommend you use DBS Vickers Cash Upfront as the fees is $10+.

Investments

Stocks Discussion

ETF

DBS Vickers Securities

Choon Yuan Chan
Choon Yuan Chan
Top Contributor

Top Contributor (Dec)

Level 9. God of Wisdom
Answered on 20 Dec 2019
Hi, I would always advise investing ETFs over mutual funds. This is because past academics have studied and found that 90% of mutual funds underperform the ETFs over the long term. Hence investing in ETF gives you an edge of 90%, unless you are confident you can always pick the 10% winners in mutual funds. That said, and as explained by tat Tian below, DBS vickers would be a better choice despite the higher comission because of the range of products they are offering

Stocks Discussion

Investments

ETF

SAXO Markets

DBS Vickers Securities

Hello! It's great that you're looking at ETFs as a way to gain exposure to equities (another word for stocks). ETFs typically allow wide diversification easily. There are a few things to keep in mind when searching for ETFs to invest. 1) The gap between a positive macro-economic trend and stock price returns can be a mile wide. For example, gold was worth A$620 per ounce at the end of September 2005 and the price climbed by 10% per year for nearly 10 years to reach A$1,550 per ounce on 15 September 2015. But an index of gold mining stocks in Australia’s market, the S&P / ASX All Ordinaries Gold Index, fell by 4% per year from 3,372 points to 2,245 in the same timeframe. In another example, see the chart below on the disparity between the stock market returns and economic growth for China and Mexico from 1992 to 2013. Despite stunning 15% annual GDP growth in that period for China, Chinese stocks actually fell by 2% per year; Mexico on the other hand, saw its stocks gain by 18% annualised, despite its economy growing at a pedestrian rate of just 2% per year. So when finding themes to invest in via ETFs, make sure that the macro-economic theme you're betting on can translate into commensurate stock market gains. ! 2) ETFs can mimic the performance of a stock market index through two broad ways: Synthetic replication, or direct replication. Synthetic replication involves the use of derivatives without directly investing in the underlying assets. It is the less ideal way to build an index-tracking ETF, in my view, because there is more complexity involved and hence a higher risk that a large proportion of the underlying index’s performance can’t be captured. Direct replication has two sub-categories: (a) Representative sampling, where the ETF holds only a sample of the stocks within an index; and (b) full replication, which involves an ETF buying the same stocks in nearly identical proportions as the weights of all the stocks that make up an index. Try to look for ETFs that utilise full replication if possible. 3) Look for an ETF that is managed by a reputable fund management company. For example, Vanguard, SPDR, iSHAREs, Blackrock are just some examples of reputable providers of ETFs. 4) Ideally, an ETF should have a listing history of at least a few years, so that we can see how the ETF has actually done, and not just rely on the performance of the underlying index. 5) The expense ratio (essentially all of the fees that an investor has to pay to the provider of the ETF) should be low. There's no iron-clad rule on what "low" means, but I think anything less than 0.3% for the expense ration can be considered low. Having a low expense ratio puts an ETF on the right side of the trend of investment dollars flowing toward low-cost index tracking funds, which lowers the risk of an ETF’s manager closing the ETF down for commercial reasons. 6) The amount of assets under management for an ETF should also be high (ideally more than US$1 billion). Having high assets under managment for an ETF would also lower the chance that the ETF will close in the future. It's not uncommon for ETFs to close. When a closure happens, it creates hassle on the investors' part to find new ETFs to invest in. 7) Lastly, look for a low tracking error. An ETF's returns should closely match the returns of its underlying index. If the tracking error has been high in the past, there's a higher chance that the ETF can't adequately capture the performance of its underlying index.
Answer image preview

DBS Vickers Securities

Investments

Hi Anon, For queries in body text, if quantity filled equals your order size then it means that your order is completed. Share settlement is "T+2" so you will see funds in your account 2 (working) days after trade date

Stocks Discussion

Investments

DBS Vickers Securities

Interactive Brokers

ETF

Chong Ser Jing
Chong Ser Jing
Level 6. Master
Updated on 31 Oct 2019
Hi Thum! I assume you're merely looking at DBS Vickers and Interactive Brokers as serving a pure brokerage function to buy/sell the IUSA ETF. If so, there are a few things to compare: (1) What are the trading commissions involved? DBS Vickers has a minimum commission of US$25 per trade for a US-listed stock (I'm assuming here that the IUSA ETF is listed in the US). I'm not sure what the rates are for Interactive Brokers, but it's worth finding out. (2) Are there any custodian fees involved? Typically, Singapore-based brokerages charge a custodian fee if investors own foreign-listed shares. According to DBS Vickers' website, "DBS Vickers will charge a custodian fee of SGD 2 per stock per month and capped at SGD 150 per quarter." Interactive Brokers, if I'm not mistaken, does not charge a custodian fee. (3) How are currency conversions handled by the broker? You might want to find out what the indicative currency conversion rates are like since you'll be using the Singapore dollar to buy an ETF denominated in a foreign currency. Hope this is helpful!

Stocks Discussion

Investments

Multi Currency Cards

Bank Account

DBS Vickers Securities

SAXO Capital Markets

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 19 Oct 2019
Interactive Brokers
Load more questions

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