DBS Vickers combines Singapore stockbroking with access to overseas exchanges through one trading relationship. The Singapore service centres on securities, bank-linked settlement and research. Cash Upfront is a way to pre-fund a purchase; separate DBS Bank share financing provides borrowing against approved securities.[4][30]
What this Singapore profile covers
| Area | Established scope |
|---|---|
| Regulatory permissions | MAS lists the Singapore company as a Capital Markets Services licensee for securities, collective investment schemes, exchange-traded derivatives and custody, and an exempt financial adviser. The inspected record supplies no numbered licence.Source 1 |
| FX relationship | Currency conversion supports securities settlement through the linked bank account. The inspected MAS record does not list leveraged spot-FX or OTC-derivatives dealing permission.Source 1 |
| Investment access | United States, Canada, Hong Kong, Singapore, United Kingdom, Australia and Japan, with exchange and security eligibility applying.Source 5 |
Accounts and eligibility
Sections ↑Opening route and residence restrictions
| Requirement | Published position |
|---|---|
| Online route | Individual applicant, existing DBS/POSB current or savings account, Singapore tax residence, and no existing DBS Vickers account. A linked individual MCA is required.Source 2 |
| Paper route | Joint applicants, other-country tax residents and existing offline customers use application forms. Acceptance remains subject to review.Source 3 |
| Age | The general application route specifies 21 or older; ages 18–20 are directed to Young Investor.Source 3 |
| Excluded applicants | The broker FAQ excludes Japan tax residents; US persons; and citizens/residents of Nigeria, Iran, South Africa, Russia and Belarus. Australian and Canadian applicants may face additional restrictions.Source 2 |
| Identity and address | Singapore citizens/PRs provide NRIC. Foreigners provide Malaysian ID or a passport with at least six months’ validity, recent address evidence and an employment pass where applicable.Source 3 |
| Opening capital | No standard minimum brokerage deposit. A security deposit may be requested for credit trading limits when the applicant is neither based nor employed in Singapore.Source 2 |
Account and settlement choices
| Choice | How it operates |
|---|---|
| Individual Cash | Buy now within the assigned trading limit; maintain settlement-currency funds for the scheduled debit.Source 13 |
| Individual Cash Upfront | Funds for the purchase and charges are earmarked before the buy order. Preferential buy commissions apply; this mode does not support selling or contra.Source 13 |
| Joint and corporate arrangements | The MCA-conversion FAQ excludes these accounts from individual MCA settlement; their pricing and payment arrangements are separate.Source 2 |
| Young Investor | Automatic programme for eligible individual online retail clients aged 18–25, assessed by birth year.Source 10 |
| CPF/SRS | Linked retirement-account settlement for eligible securities; separate holdings and agent-bank approval apply.Source 19 |
Opening and linked-bank administration
| Item | Published treatment |
|---|---|
| Processing estimate | Complete online applications: 3–5 working days; paper applications: 5–7. These are broker estimates.Source 2 |
| Opening and recurring account charges | No brokerage opening, annual or account-maintenance fee; no minimum brokerage balance. Custody and transaction charges are separate.Source 22 |
| Bank fall-below fee | Waived for the particular MCA linked to the brokerage account. This is not a waiver for every bank account the customer holds.Source 3 |
| MCA change | Switch the linked bank account only after clearing outstanding contracts/payments; the conversion route requires an individual eligible MCA and digibank access.Source 14 |
Commission schedules and investment charges
Sections ↑Individual MCA online commissions
| Market / currency | Cash: rate; minimum | Cash Upfront buys: rate; minimum |
|---|---|---|
| Singapore / SGD | 0.18%; 27.25 | 0.12%; 10.90Source 7 |
| United States / USD, quantity ≥1 | 0.16%; 27.25 | 0.15%; 19.62Source 7 |
| Hong Kong / HKD | 0.16%; 109 | 0.15%; 87.20Source 7 |
| Canada / CAD | 0.28%; 31.61 | 0.25%; 21.80Source 7 |
| United Kingdom / GBP | 0.30%; 27.25 | 0.25%; 21.80Source 7 |
| Australia / AUD | 0.30%; 32.70 | 0.25%; 21.80Source 7 |
| Japan / JPY | 0.30%; 3,270 | 0.25%; 2,180Source 7 |
Joint and EPS/GIRO online cash tariffs
| Market | Published percentage; minimum |
|---|---|
| Singapore / SGD | 0.18%–0.28%; 27.25, depending on contract sizeSource 9 |
| US / USD; Hong Kong / HKD | 0.18%; 27.25 USD / 109 HKDSource 9 |
| Canada / CAD | 0.30%; 31.61Source 9 |
| UK / GBP; Australia / AUD; Japan / JPY | 0.35%; 27.25 GBP / 32.70 AUD / 3,270 JPYSource 9 |
Young Investor tariffs and annual age transition
| Item | Current published terms |
|---|---|
| Singapore online trades | Zero commission advertised for a limited period; no fixed end date is stated in these programme terms.Source 10 |
| Foreign online trades | Per-trade flat fees including GST: US USD 6.54; Hong Kong HKD 54.50; Canada CAD 8.72; UK GBP 13.08; Australia AUD 17.44; Japan JPY 1,417. Market charges remain payable.Source 10 |
| Foreign custody | Programme waives custody charges for foreign holdings.Source 10 |
| Conversion to ordinary account | Occurs on 1 January in the year the holder turns 26, rather than on the birthday. The broker reserves the right to amend or end programme rates without notice.Source 10 |
Additional charges that affect the trade or holding
| Charge | Published basis |
|---|---|
| Ordinary SGX securities | Clearing 0.0325% and trading 0.0075% of traded value; settlement instruction SGD 0.35. Warrants, DLCs and money-market ETFs have different exchange rates.Source 8 |
| US sale regulatory fee | Broker lists 0.00206% of sale principal. SEC’s order establishes USD 20.60 per USD 1 million of covered sales from 4 April 2026.Source 8Source 41 |
| US dividend collection | 1% of net dividend, minimum USD 4 and maximum USD 40.Source 8 |
| HK dividend collection | 1% of net dividend, minimum HKD 30 and maximum HKD 300, plus out-of-pocket expenses.Source 8 |
| Foreign custody | SGD 2 per counter per month, capped at SGD 150 per quarter; waived with two transactions monthly or six quarterly. Debited quarterly, normally on the 11th or next working day.Source 22 |
| US securities transfer out | DTC scripless withdrawal: SGD 50 per counter. ADR agent charges and non-DTC settlement/custody charges are separate where applicable.Source 8 |
Products and trading rules
Sections ↑Securities available through the Singapore business
| Product | Practical distinction |
|---|---|
| Stocks, ETFs and REITs | Exchange-listed investments across supported markets; the product directory also includes preference shares, depositary receipts and SPACs.Source 6 |
| SGX retail bonds | Listed debt traded through the platform, with issuer default, interest-rate and liquidity exposure. Repayment is an issuer obligation.Source 32 |
| Callable bull/bear contracts | Listed leveraged instruments with finite lives and mandatory-call features; issuer risk and early termination matter.Source 33 |
| Daily leverage certificates | Published 3–7 times exposure targets daily benchmark performance. These are securities with expiry and issuer risk; the daily multiple does not describe a multi-day holding return.Source 34 |
| IPOs and private placements | The brokerage describes participation opportunities alongside ordinary secondary-market trading; individual offer eligibility and allocation govern access.Source 4 |
US fractional shares: sizing and access
| Rule | Operational consequence |
|---|---|
| Available securities | S&P 500 stocks and selected ETFs; eligibility can change. Existing fractions can still be closed if a counter loses eligibility.Source 12 |
| Opening size | Minimum USD 5 order value and 0.0001 share; quantity supports four decimal places. The USD 5 minimum does not apply to sales.Source 12 |
| Required setup | MCA settlement, activated US market access and acceptance of the fractional-trading disclaimer.Source 12 |
| Orders and portability | No fractional-order amendment, transfer in/out or share-margin-financing access. Day validity applies.Source 12 |
| Aggregation | Fills below one share remain separate contracts. Qualifying ≥1-share trades can amalgamate when stock, currency, settlement, date and trading channel match.Source 12 |
| Corporate actions | Cash or cash-in-lieu applies to specified entitlements; rights issues are disregarded. Event terms and corporate-action fees still apply.Source 12 |
Fractional-share pricing and dated offers
| Item | Position checked 10 October 2026 |
|---|---|
| Ordinary account, trade quantity <1 | Current fractional product page advertises zero commission through 31 December 2026. Its zero platform fee is separate from custody and corporate-action fees.Source 11 |
| Promotion and ordinary tariff | Current product and pricing pages extend the waiver through 31 December 2026; the US FAQ retains a USD 0.96 ordinary fractional commission. Treat zero commission as a dated promotion.Source 11Source 12 |
| New-account reward | Open an individual online account from 1 October–31 December 2026: published USD 30 NVDA reward for a qualifying online US buy trade of at least one share, and another USD 30 for a non-US trade, both by 31 January 2027. Full campaign eligibility applies.Source 44 |
Market access and product assessments
| Requirement | How it affects access |
|---|---|
| Overseas markets | Accept the overseas-products risk warning and market-specific agreements; account opening alone does not activate every market.Source 43 |
| US tax documentation | A processed W-8BEN and US withholding-tax agreement are required for the supported non-US individual route.Source 43 |
| Listed complex products | Customer Account Review considers qualifications, relevant work and trading experience. Unlisted-product assessment is separate; the FAQ’s generic leveraged-FX examples do not establish a DBS Vickers FX offer.Source 42 |
| DLC access | Requires qualification for Specified Investment Products and understanding of the daily leveraged structure.Source 34 |
Money movement and settlement
Sections ↑MCA settlement: cash must be in the correct wallet
| Situation | What happens |
|---|---|
| Cash purchase | Have the traded currency available for payment. The FAQ describes settlement-date funding and also says actual MCA debit/credit occurs on settlement day plus one market day; use the contract’s due date when arranging funds.Source 13 |
| Market settlement cycles | US and Canada: T+1; Singapore, Hong Kong, UK, Australia and Japan: T+2. These exchange cycles differ from the broker’s stated MCA posting step.Source 13 |
| Currency shortfall | The broker sends an SMS after a failed deduction; conversion from another available currency or forced selling can follow.Source 13 |
| Cash Upfront funding | Move money directly through digibank into the linked MCA. The old digibank top-up service to a brokerage cash-upfront account ended on 10 March 2024.Source 15 |
MCA migration and currency conversion
| Item | Published rule |
|---|---|
| Settlement currency | Linked-MCA trades settle in the traded currency, with sale proceeds returned to that currency wallet. Convert within the bank account when needed.Source 14 |
| Linking an existing account | Published conversion estimate: within 24 hours. EPS/GIRO is terminated once remaining contracts clear; the account cannot subsequently revert to those payment modes.Source 14 |
| Old brokerage balances | Remaining trust-account money is returned to the MCA after outstanding foreign contracts and cash-upfront trades are resolved; a negative balance can trigger a one-time bank debit.Source 14 |
| Conversion availability | FAQ excludes 05:00–06:00 daily and says conversion ends at 20:00 on the month’s last working day. These are the Singapore service windows.Source 13 |
Withdrawals and legacy funding routes
| Route | Published processing and limits |
|---|---|
| MCA-linked customer | Transfer funds in/out of the bank account directly through digibank; the brokerage’s older withdrawal screen is not the principal funding route.Source 16 |
| Brokerage GIRO/EPS withdrawal | Existing linked facility required. Submit before 09:00 for stated same-day withdrawal; later requests are credited next business day. Fixed-deposit accounts cannot receive these withdrawals.Source 16 |
| Old cash-upfront balance | For an account without MCA linkage, request withdrawal to the linked DBS/POSB bank account; the cash-upfront guide gives up to two working days for processing.Source 15 |
| Pre-15 January 2018 foreign accounts | Separate telegraphic and branch instructions apply. Include the trading-account number and name and send transfer evidence. The branch route lists AUD, CAD, EUR, JPY, HKD, GBP and USD, is described as free, and can take two working days.Source 17 |
Foreign-market net and contra settlement
| Condition | Published treatment |
|---|---|
| Eligible contracts | Cash-mode purchases and sales of the same security can offset. Different counters do not net under this process.Source 18 |
| Cash Upfront | Excluded from the foreign-market net/contra facility.Source 18 |
| Buy then sell next day | If the buy settles from available funds first, sale proceeds follow separately. If it remains unpaid, eligible contracts may instead be offset on the later settlement day.Source 18 |
| Repeated purchases without funds | Failure to settle the first purchase can leave later purchases outstanding as well. A contra arrangement does not remove the need to fund a net loss.Source 18 |
CPF and SRS: funding, holdings and errors
| Situation | Practical rule |
|---|---|
| Supported settlement | Use SGD and an eligible linked CPF Investment/SRS account. SRS applies to selected SGX securities.Source 19 |
| Which holdings are sold | Retirement-account securities are held through the agent bank, separately from CDP cash holdings. The settlement selection must match the holdings being delivered.Source 19 |
| Amendment cutoff | Normally trade date before 17:30. A cash sale changed to SRS on T+1 is an exception requiring agent-bank approval and possible late charges.Source 19 |
| Rejected retirement settlement | Becomes an ordinary cash trade. Buys require cash payment; a sell without enough CDP holdings can result in SGX buying-in.Source 20 |
| Portfolio visibility | DBS Vickers says it cannot see holdings with CDP and third-party agent banks well enough to prevent an incorrect-account sale for the customer.Source 19 |
Custody, platforms and execution
Sections ↑Where securities are held and how they move
| Holding / transfer | Broker-published arrangement |
|---|---|
| Singapore | Securities are held at CDP.Source 21 |
| Hong Kong | CCASS holding under DBS Vickers (Hong Kong) Limited.Source 21 |
| Other five foreign markets | Pershing Securities Limited under DBS Vickers Securities (Singapore) Pte Ltd. This is the disclosed custody chain, not a claim that investors each hold a direct Pershing account.Source 21 |
| Foreign transfer in | Submit an online instruction or signed transfer form plus the sending broker’s statement. The FAQ says no equity transfer-in fee, but excludes low-priced, US OTC and marijuana-related securities.Source 21 |
Trading channels and research
| Channel | Published functionality |
|---|---|
| DBS Vickers Online | Orders, account balances, contract history, alerts, financial information and DBS Group Research within the browser platform.Source 24 |
| DBS Vickers app | Mobile access with seven-market trading, portfolio monitoring, stock details and cash-upfront orders for MCA-linked accounts.Source 23 |
| Telephone | Investment Service Centre accepts trading enquiries and provides an alternative channel; telephone brokerage differs from online pricing.Source 38Source 8 |
| Automation and copying | Reviewed retail platform descriptions establish manual web/app trading and research; they do not establish a public retail execution API, MT4/MT5 account or copy-trading service.Source 23Source 24 |
Market data: separate prices, quotas and depth
| Service | Entitlement |
|---|---|
| Streaming | SG/US streaming on supported screens; US OTC prices have a 15-minute delay. Hong Kong streaming is conditional on entitlement and the service operates in market hours.Source 27 |
| Hong Kong snapshots | Default 1,000 quotes per calendar month, without carryover. Every displayed counter on a refresh consumes a quote; auto-refresh software is prohibited.Source 28 |
| Singapore advanced depth | Prior-month online SG commission ≥SGD 200 or previous-three-month total ≥SGD 600.Source 29 |
| Hong Kong advanced depth | Prior-month HK commission ≥SGD 500 or previous-three-month total ≥SGD 1,500. Time & Sales and Trade Distribution do not require these thresholds.Source 29 |
| Other-market display delays | The market FAQ specifies 15 minutes for Canada/UK and 20 for Australia/Japan; do not assume every displayed overseas price is live.Source 25 |
Orders, validity and exchange sessions
| Rule | Published treatment |
|---|---|
| US and Canada regular session | 09:30–16:00 market local time; Singapore time 21:30–04:00 during North American daylight saving or 22:30–05:00 otherwise.Source 25 |
| Long-dated orders | Good-till-date: maximum 30 calendar days for supported cash buy/sell orders. Product and exchange order availability differ.Source 25 |
| Singapore Trade At Close | 17:06–17:16 on a full trading day, at the closing-auction price only. Without an established closing-auction price, orders cannot match.Source 25 |
| Singapore amalgamation | Same stock, currency, settlement mode, trade date and trading channel can combine; differing FX conversion rates can prevent automatic combination.Source 26 |
| Price and limit checks | An order may fail because of trading limits, an unsupported CPF security, suspension, price-distance rules or the wrong closing-auction price.Source 26 |
Published execution policy
| Area | How the policy describes it |
|---|---|
| Routing | Normally uses the primary listing market and may transmit to approved third-party brokers. Price is generally important alongside cost, liquidity, speed, likelihood and settlement.Source 39 |
| Customer instructions | Specific instructions can determine the handling of the instructed part of an order; other parts remain subject to the policy.Source 39 |
| Out-of-hours instruction | Queued for the exchange or broker to reopen under the published policy; order submission alone does not establish after-hours execution.Source 39 |
| Policy versus measured results | The document describes sequential order handling and monitoring. It provides no basis for this profile to assert an independently tested fill quality or execution speed.Source 39 |
Separate DBS Bank share financing
Sections ↑Share-financing access and borrowing
| Item | Bank-published offer |
|---|---|
| Lender and eligible collateral | DBS Bank share financing, for approved Singapore, Hong Kong and US stocks; financing up to 70% is security-specific.Source 30 |
| Quoted annual interest | SGD 4.50%; HKD 5.25%; USD 5.25%. These are financing-currency rates, not securities commissions.Source 30 |
| Applicant | Age 21–65; Singapore-resident citizens, PRs or foreigners. Published income thresholds: SGD 30,000 for citizens/PRs and SGD 45,000 for foreigners, and/or SGD 10,000 fully paid shares.Source 30 |
| Residence inconsistency | Main eligibility excludes US tax persons, EEA and India residents; footer additionally mentions Australia. These disclosures need clarification for an affected applicant.Source 30 |
| Repayment | Flexible repayment and no early-repayment penalty are advertised. A DBS/POSB savings or eligible multi-currency bank account is required.Source 30 |
Bank financing charges beyond interest
| Charge | Published amount / basis |
|---|---|
| CDP movement and account | CDP transfer SGD 10 per counter/transfer. Quarterly sub-account maintenance: value-tiered annual rates, minimum SGD 2 and maximum SGD 12,500 per quarter.Source 31 |
| External-broker confirmation / late settlement | SGD 5 / SGD 25 per transaction.Source 31 |
| Dividend distribution | 1% of net dividend: SG minimum SGD 5/maximum SGD 50; HK HKD 30/300; US USD 4/40.Source 31 |
| Corporate action / proxy | Per subscription: SG SGD 10, HK HKD 200, US USD 25. Proxy nomination/execution SGD 30.Source 31 |
| Bank transfer handling | SG shares SGD 20 per counter/transfer; foreign shares out SGD 50. Foreign custody is listed as SGD 2 per counter without a period in this schedule; no monthly assumption is supplied here.Source 31 |
Safeguards and service
Sections ↑Money, authentication and account closure
| Area | Published position |
|---|---|
| Brokerage trust money | The trading agreement permits omnibus client trust accounts and certain overseas custodians; account-specific terms govern use and interest. Nominee or pooled custody is different from directly held bank cash.Source 40 |
| Losses and debt | The agreement permits margin demands, security realisation, set-off and collection of amounts owing. Nothing here establishes a general guarantee against investment losses or borrowing shortfalls.Source 40 |
| Login restrictions | Published security FAQ specifies disabling after five failed attempts and automatic logout after 60 minutes without activity.Source 35 |
| Voluntary closure | Clear outstanding balances and remove foreign shares held with DBS Vickers before closing the trading account online.Source 37 |
| Dormant closure | The broker may close long-inactive accounts. Once its closure process is activated, the FAQ says the account cannot be retained; renewed use requires a new application.Source 36 |
Singapore support and complaints
| Service | Published availability / process |
|---|---|
| Trading support | +65 6327 2288; Monday 06:30 to Saturday 06:30, Singapore time.Source 38 |
| General/account enquiries | Monday–Friday 08:30–18:00, excluding public holidays; [email protected].Source 38 |
| Complaint acknowledgement | Aims to acknowledge within one business day; further review can take longer, with an explanation and indicative timeline. Unresolved concerns may be referred to FIDReC.Source 38 |
Company background & evidence
Sections ↑- Headquarters
- Singapore; registered office at Marina Bay Financial Centre Tower 3
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
DBS Vickers Securities (Singapore) Pte Ltd
SingaporeSource 1
No separate licence entry is recorded in this panel.
Sources & further reading
- DBS Vickers Securities (Singapore): current MAS permissions Monetary Authority of Singapore · Accessed 10 Oct 2026
- Account opening and eligibility FAQ DBS Vickers · Accessed 10 Oct 2026
- Online application requirements and documents DBS Bank · Accessed 10 Oct 2026
- Multi-market brokerage services FAQ DBS Vickers · Accessed 10 Oct 2026
- Available markets and products FAQ DBS Vickers · Accessed 10 Oct 2026
- Investment product directory DBS Vickers · Accessed 10 Oct 2026
- Individual MCA account commission overview DBS Vickers · Accessed 10 Oct 2026
- Individual MCA account full pricing guide DBS Vickers · Accessed 10 Oct 2026
- Joint and EPS/GIRO account commission overview DBS Vickers · Accessed 10 Oct 2026
- Young Investor eligibility, tariffs and promotion terms DBS Vickers · Accessed 10 Oct 2026
- US fractional shares: product, pricing and current promotion DBS Vickers · Accessed 10 Oct 2026
- US trading and fractional-share operational FAQ DBS Vickers · Accessed 10 Oct 2026
- Cash settlement, currencies and payment timing FAQ DBS Vickers · Accessed 10 Oct 2026
- MCA linkage and migration rules DBS Vickers · Accessed 10 Oct 2026
- Cash-upfront funding and legacy account withdrawals DBS Bank · Accessed 10 Oct 2026
- Withdrawal instructions and processing cutoff DBS Bank · Accessed 10 Oct 2026
- Legacy accounts: foreign-currency funding instructions DBS Bank · Accessed 10 Oct 2026
- Foreign-market net and contra settlement DBS Vickers · Accessed 10 Oct 2026
- CPF and SRS trading, amendments and settlement DBS Vickers · Accessed 10 Oct 2026
- Rejected CPF/SRS transactions DBS Bank · Accessed 10 Oct 2026
- Securities custody and transfer restrictions DBS Vickers · Accessed 10 Oct 2026
- Account and custody charges FAQ DBS Vickers · Accessed 10 Oct 2026
- DBS Vickers app capabilities and access DBS Vickers · Accessed 10 Oct 2026
- Online platform features DBS Vickers · Accessed 10 Oct 2026
- Market hours, order types and validity DBS Vickers · Accessed 10 Oct 2026
- Singapore order handling and board-lot changes DBS Vickers · Accessed 10 Oct 2026
- Streaming quotes and entitlement DBS Vickers · Accessed 10 Oct 2026
- Hong Kong snapshot quote allowances DBS Vickers · Accessed 10 Oct 2026
- Advanced Market Data access thresholds DBS Vickers · Accessed 10 Oct 2026
- DBS Bank share-financing offer and eligibility DBS Bank · Accessed 10 Oct 2026
- DBS Bank share-financing fee schedule DBS Bank · Accessed 10 Oct 2026
- SGX retail bonds DBS Vickers · Accessed 10 Oct 2026
- Callable bull/bear contracts DBS Vickers · Accessed 10 Oct 2026
- Daily leverage certificates DBS Vickers · Accessed 10 Oct 2026
- Account security features DBS Vickers · Accessed 10 Oct 2026
- Dormant-account closure policy DBS Vickers · Accessed 10 Oct 2026
- Voluntary brokerage-account termination DBS Bank · Accessed 10 Oct 2026
- Singapore customer service and complaint handling DBS Vickers · Accessed 10 Oct 2026
- Best Execution Policy, 2 March 2022 DBS Vickers · Accessed 10 Oct 2026
- General Trading Agreement DBS Vickers · Accessed 10 Oct 2026
- SEC 2026 transaction-fee order US Securities and Exchange Commission · Accessed 10 Oct 2026
- Specified Investment Products assessments DBS Vickers · Accessed 10 Oct 2026
- Foreign-market activation and W-8BEN DBS Bank · Accessed 10 Oct 2026
- New-account NVDA share promotion, October–December 2026 DBS Vickers · Accessed 10 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.