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DBS Vickers Securities Review
Trade Singapore and international stocks, ETFs and managed funds on a platform owned by Singapore's largest bank.
DBS Vickers Securities is wholly-owned by DBS, the largest bank in Singapore and Southeast Asia by assets and a trusted financial institution globally. You can access a range of markets with a DBS Vickers Securities account including Singapore and international shares, common stock, exchange-traded funds (ETFs), real estate investment trust (REITs), structured warrants, fixed income securities and more.
DBS Vickers is a wholly-owned subsidiary of DBS Bank and an online trading platform that allows investors to trade in multiple markets. Find out if DBS Vickers Securities is suited to your investment goals in our review.
- Trusted brand – The largest bank in Singapore and Southeast Asia
- News, research and live prices
- Advanced data and monitoring tools
Not so great for
- Complex choice of instruments
- No trading advice
- Dated mobile app interface
What is DBS Vickers Securities?
DBS Vickers is a securities and derivatives brokerage arm of DBS Bank, offering a wide selection of retail, institutional and online brokerage services.
Its internet trading platform, DBS Vickers Online (DBSVO), allows investors to trade directly in the stock markets of Singapore, Hong Kong, Canada and the United States. With DBSVO, you can buy and sell a range of listed assets such as fixed income, exchange-traded funds (ETFs), real estate investment trusts, structured warrants and more. Investors also have the opportunity to participate in IPO private placements when available.
What investments does DBS Vickers Securities offer?
You can trade the following investments using DBS Vickers:
- Singapore stocks. Invest in Singapore securities listed on the Singapore Exchange (SGX).
- International stocks. Trade international stocks from these 6 countries: Australia, Canada, Hong Kong, Japan, US and UK.
- Exchange-traded funds (ETFs). Invest in a diversified portfolio of securities from a range of asset classes and markets.
- Real estate investment trust (REITs). A class of securities that typically generate income through investing in real estate or real estate-related assets.
- Preference stock. These are corporate stocks that offer dividends to shareholders before common stock dividends are paid out. In the event of company bankruptcy, preference shareholders will be entitled to the capital before common stock shareholders.
- Structured warrants (SW). Issued by third-party financial institutions, a structured warrant is a type of option listed on an exchange. Structured warrants can either be the stocks of an unrelated company, a group of companies’ stocks or an index. Trading structured warrants offer you the flexibility to go short and may also be used to hedge.
- Fixed income securities. Diversify your high-risk assets with the less volatile fixed income securities which offers regular interest payouts over the tenure of the security.
- Callable bull bear contracts (CBBC). CBBC is a type of structured product that tracks the performance of an underlying asset, at a fraction of its cost. They are typically issued by a third-party financial institution and allows investors to take bullish or bearish positions on the underlying asset.
- Daily leverage certificates (DLCs). Stand to gain a fixed leveraged return between 3 to 7 times the daily performance of the underlying index. DLCs are high-risk financial products that offer the flexibility to trade both rising and falling markets.
- American/Global Depository Receipts (ADR/GDR). Both ADR and GDR are certificates issued by a depository bank that gives the owner rights over a specified number of foreign stocks. This is a simple and convenient way for investors to trade in companies whose stocks are listed abroad.
Key features of DBS Vickers Securities
DBS Vickers provides the following features to help traders navigate the market with ease:
Take advantage of DBS Vickers’ suite of investment tools and valuable information such as charts, news and analysis and reports from award-winning DBS Group Research. On top of that, you can also customise your search and compare stocks you’re interested in.
DBS Vickers’ charting feature monitors real-time movements for stocks listed in Singapore, Hong Kong, United States, Canada, United Kingdom, Australia or Japan based on historical or intra-day prices so that you can navigate the market conveniently. Customise your chart by choosing from a list of technical indicators and chart formats. You can also save your chart templates for future use.
Stock price alert
Customise and receive instant alerts from Call Levels when your specific SGX-listed equities reach pre-selected levels. Call Levels is a mobile app equipped with an automatic notification feature that helps track and keep you updated with movements in the financial markets. Besides SGX-listed equities, Call Levels also provide real-time price tracking and alerts on forex, US equities, commodities, indices and Bitcoin.
Make trades using the DBS Vickers Online (DBSVO) trading platform or via the DBS Vickers mTrading mobile app. Choose from three account types – Cash Account (Online), Cash Upfront Account and Young Investor Account.
What research does it provide?
DBS Vickers has various resources to assist customers in making trades on its online platform, ranging from introduction to the different types of investment tools to a list of important forms you may need. DBS Vickers also provide a step by step user guide on navigating and trading on its platform.
What are DBS Vickers Securities pricing and fees?
DBS Vickers offers three different service levels, each providing different trading features:
|Account Type||Key Features|
|Cash Account (Online)|
|Cash Upfront Account|
|Young Investor Account|
You’ll pay brokerage fees when you trade financial products using the DBS Vickers online platform or over the phone. You’ll be charged varying commission depending on you account type and how your trade is conducted.
Here are DBS Vickers’ brokerage fees for Singapore stocks trading in SGD:
|Cash||Cash Upfront (For Buy trades only)|
|S$50,000 and below||0.375%||0.28%||0.12%|
|Above S$50,000 – S$100,000||0.300%||0.22%||0.12%|
Fees are accurate at the time of writing (6 May 2020).
Other transaction charges such as a CDP imposed clearing fee (0.0325%) and SGX trading fee (0.0075%) will apply on the gross contract amount. Check the full fee schedule online for more.
Is DBS Vickers Securities safe?
Both DBS Bank Ltd and DBSVS are regulated by the Monetary Authority of Singapore (MAS) and comply with all measures to keep its clients’ funds segregated and safe.
DBSVS also has measures in place to prevent any data from being tampered with whilst in transmission through the world’s strongest encryption technology – the 28-bit SSL encryption.
Pros and cons
- International markets. You can use the DBS Vickers platform to trade international stocks on 7 different leading overseas exchanges.
- Low brokerage fees. At a 0.12% fee and a S$10 minimum commission for stock trading in SGD, DBS Vickers charges one of the lowest fees amongst other brokers in Singapore. In addition, any stocks you purchase is transferred directly into your CDP account. View the full list of DBS Vickers commission charges online.
- Access advanced tools. Whether you’re a novice or advanced trader, all users can access advanced charting and technical indicators with the DBSV trading platform.
- Convenience. Make a trade anytime, anywhere with DBS Vickers’ desktop trading platform or mTrading mobile app.
- Primitive mobile app interface. DBSV mTrading mobile app is rated 1.5/5 stars from 113 ratings on the Apple Store (as of 5 May 2020). Most of the users complained that the app fell short in terms of design, speed and overall user experience.
- No trading advice. DBSV does not offer any advice on its platform, which may cause many investors to trade on speculation.
How do I sign up for a DBS Vickers Securities account?
You can apply online for a DBS Vickers account if you’re over 18 and you’re a Singaporean/PR, Malaysian or foreigner with a valid work visa. For DBS/POSB customers, you may apply for an individual DBSV account directly from your iBanking account or Digibank App.
If you wish to open a joint DBSV trading account, you’ll need to head down to the DBS Vickers located at Customer Centre Level 3, 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982, to submit a duly filled application form and have your signature witnessed. Alternatively, you may also have your signature witnessed by authorised staff at any DBS/POSB Bank branches and submit the application form through mail.
Central Depository (CDP) Account
To start investing in the Singapore securities market, you’ll need to open a Central Depository (CDP) account. Make sure to open a CDP account online before proceeding to open a DBSV trading account.
- Identity verification:
- Singaporean/PR: Front and back photocopy of your NRIC
- Malaysian: Front and back photocopy of your Malaysian IC
- Other nationality: Passport with at least 6 months validity
- Employment pass (if applicable)
- Proof of residence (dated within 3 months): Bank/CPF/IRAS Statement
How do I contact support?
If you have any enquiries, you may reach DBS Vickers Securities directly through the following contact details:
- Hotline: +65 6327 2288 (from 6.30 am on Mondays to 6.30 am on Saturdays)
- Email: firstname.lastname@example.org
- DBS Vickers Customer Centre: 12 Marina Boulevard Level 3, Marina Bay Financial Centre Tower 3, Singapore 018982.
DBS Vickers Securities may not be the most conducive platform for beginners due to its wide array of complex instruments. However, considering that it’s the brokerage arm of Singaporean’s favourite bank, it’s one of the most accessible platforms to start your investment journey.
Before applying for a DBS Vickers account, make sure to compare your options to see if this trading platform is suitable for you.
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