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REVIEW SUMMARY

DBS Vickers Securities

DBS Vickers Securities is a leading securities and derivatives brokerage firm with a rich Asian heritage and strong Asian focus. It is a wholly owned subsidiary of DBS Bank.

The firm provides comprehensive retail, institutional and online brokerage services and solutions.

Headquartered in Singapore it has a network of offices that extends to Hong Kong, Indonesia, Thailand, Malaysia, the United States and the United Kingdom - providing investors access to a wide range of global markets online.

Our Verdict
A Closer Look
FAQs
Customer Reviews

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.

Key features of DBS Vickers Securities:

  1. Analysis tools: Investors can 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.
  2. Charting: 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.
  3. 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.
  4. Account access: Make trades using the DBS Vickers Online (DBSVO) trading platform or via the DBS Vickers mTrading mobile app. Allows you to choose from three account types – Cash Account (Online), Cash Upfront Account and Young Investor Account.

Safety of DBS Vickers Securities:

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.


NOTE:

  • Any non-American can open an account if they meet the criteria provided in a 20-question online multiple-choice questionnaire. 
  • It should be noted that being able to open an account doesn’t necessarily mean that the rules of the country in which you live allow it or that you get any form of regulatory protection if something goes wrong.
  • DBS Vickers doesn’t levy fees to open a trading account, nor is there an annual account charge. However, there is a percentage charge on each trade, subject to a minimum commission.
  • These charges vary depending on the exchange you are trading, and whether you are trading online or by phone.
  • We would highly recommend reading the 'expert verdict' section of this review to make an informed decision.

Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:

  • Academic evidence only shared with a select few firms across the world
  • A real-life example of why you should never try to outguess the market
  • Why a fund's past performance is not enough to predict future returns
  • Why you need to focus on what you can control and why this leads to a better investment experience
  • Why you should accept the markets for what they are
  • What can impact behaviour and make people seek instant gratification

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The Pros

> Wide range of investments
> Low cost
> Good DIY platform
> Trusted brand – The largest bank in Singapore and Southeast Asia
> News, research and live prices
> International markets
> Access advanced tools
> Convenience

The Cons

> Complex choice of instruments
> No trading advice
> Dealing commissions
> Poor website
> Primitive mobile app interface
What services does DBS Vickers offer international investors?
  • Trading Representative-Assisted (Offline) Trading
  • Online Trading
  • Stocks
  • Margin Financing
  • Extended Settlement (ES) Contracts
  • Exchange Traded Funds (ETF)
  • Share Placement
  • Structured Warrants
  • Fixed Income and other financial products
  • Custodian Services
 
What type of accounts are offered by DBS Vickers?
  1. Cash Account
  2. Cash Upfront Account
  3. Young Investor Account
  4. Supplementary Retirement Scheme
  5. CPF Ordinary Account
What are the benefits of using DBS Vickers online trading services to manage my investments?

With their online trading services, you can:

  1. Use one single set of User ID and password to log in to an integrated trading platform and trade in SGX, HKEx, NYSE, NASDAQ, AMEX, TSX, LSE, ASX and TSE.
  2. Manage and review your account information in multi-currencies.
  3. Obtain real-time updates on your balances, credit limits and order statuses.
  4. Know your order statuses via SMS & email trade notification alerts for all online markets.
  5. View all your online account holdings in a single page.
  6. Obtain free company fundamentals and financials plus our award-winning research from DBS Group Research.
  7. Update your personal particulars online.
  8. Get real-time U.S., Canada, Singapore, and Hong Kong market data.
  9. Enjoy bi-lingual (English and Chinese) capabilities.
What research does it provide?

DBS Vickers has various many resources available to help customers in making trades on their online platform, ranging from introduction to the different types of investment tools to a list of important forms you may need.

How can I sign up for a DBS Vickers Securities account?

If you’re over 18 and you’re a Singaporean/PR, Malaysian or foreigner with a valid work visa, you can apply for DBS Vickers Securities.

Should you want to open a joint DBSV trading account, you’ll need to complete and submit an application form.

Flexible, good customer service and research

I'm really happy with DBSVO - did my research and didn't find a better offering for my needs.

Expert assessment of DBS Vickers Securities

If you can control your emotions and use this platform to stay invested in low-cost index funds, then you can expect good outcomes.

However, the evidence shows that the average individual investor in stocks under-performs the market by approximately 7.3% per year, largely as a result of behaviour - such as trying to time the market or chase returns.

Trying to resist this temptation and do it yourself (without falling into the traps we are emotionally hardwired to fall into) can be hard, and our advice is to only go down this route if you are sure you know what you are doing (and are happy to live with the potential consequences).

If you are an existing investor with DBS Vickers Securities, and your portfolio is worth approx. £500,000 or more, why not contact us for a Second Opinion to find out the charges, access and terms applicable, and to identify any better alternatives you may have access to.

GET A SECOND OPINION

DBS Vickers Securities - Online Trading Platform User Guide

DBS Vickers Securities - mTrading User Guide

DBS Vickers Securities - Call Levels App Guide

DBS Vickers Securities - Account Opening Processes Guide

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