DBS Vickers – The Total Beginner’s Guide to DBS Investment Platform

dbs vickers singapore 2018

If you bank with DBS (like 99.9% of Singaporeans do), you have probably come across DBS Vickers. No, you can’t eat it, and no, it’s not in any way related to Vicks VapoRub. DBS Vickers is DBS’s investment brokerage platform, meaning you can now invest in stocks and shares through everyone’s favourite bank. Woohoo!

This guide explains what DBS Vickers does, what you should consider before opening an account, and how you can start using the platform to start investing.

DBS logo
Min. Commission Fee US Stocks
Min. Commission Fee SG Stocks
Min. Funding


What exactly is… DBS Vickers?

Officially, DBS Vickers is a securities and derivatives trading platform owned by DBS.

In Singapore, you need to open an account with a registered brokerage before you can buy and sell shares, ETFs, bonds and more. DBS Vickers allows you to trade after you open an account with them. In exchange, you have to pay DBS Vickers a commission each time you make a trade.

DBS Vickers is by no means the only investment brokerage in Singapore. It is similar to other investment brokerages in Singapore like UOB KayHian, OCBC Securities and Phillip Securities (their online trading system is called POEMS). All of these allow you to do the same investment things, more or less, but the difference is mainly in fees, which we’ll talk about later.

PhillipCapital logo
Min. Commission Fee US Stocks
Min. Commission Fee SG Stocks
Min. Funding


How does DBS Vickers work?

If you’ve previously traded with other brokerages, you shouldn’t have any difficulty figuring out how to use the DBS Vickers platform. But if you’re a trading virgin, here’s the low down.

Most brokerages these days give you access to an online trading platform so you can check share prices and execute trades on your computer without needing to speak to an actual human being. For DBS Vickers, the platform is imaginatively named DBS Vickers Online.

DBS Vickers lets you trade the following:

  • Equities (including US, Canada, Hong Kong, Singapore, UK, Australia and Japan stocks)
  • Exchange Traded Funds (ETFs)
  • Bonds and other financial products
  • Extended Settlement Contracts
  • Structured warrants
  • Share placement

They also offer the following services:

  • Margin financing
  • Custodian services

With the DBS Vickers platform, you can do the following:

  • Trade securely
  • Access advanced market data
  • Monitor markets
  • Compare stocks
  • Check market trends
  • Receive stock price alerts
  • Read news, research reports and market insights
  • Trade on your smartphone using the DBSV mTrading mobile app


What are DBS Vickers fees & charges like?

Now the billion dollar question is… how much does it cost? For most beginner investors in Singapore, the most important factor when choosing a brokerage is how much it costs to use them.

DBS Vickers charges the following fees for SGD stocks:

Trade amount (in S$) Commission fee
Up to $50,000 0.28%
$50,000 to $100,000 0.22%
Above $100,000 0.18%

This is subject to a minimum trading fee of $25 per trade (online) or $40 per trade (by phone).

You will also have to paying the following fees, which all traders regardless of brokerage must pay:

Additional fees
Clearing fee imposed by CDP 0.0325%
SGX trading fee 0.0075%

Why are fees important? Well, because they eat into your profits (if any). You’ll also realise that it’s not worth it to trade small amounts, because of the minimum commission fees. Furthermore, the bigger the trade, the less commission you get charged.

IG logo
Min. Commission Fee US Stocks
Min. Commission Fee SG Stocks
Min. Funding

But DBS Vickers promotions aren’t too bad…

Until 30 Sep 2018, the company is currently offering a 15% rebate on commissions when you trade online.

That means that if you make a very small trade and get charged the lowest possible commission of $25, you will get a decent $3.75 back. That means a $21.25 trading fee, effectively, which undercuts the majority of the competition.

Of course, if you’re a smart trader, you’ll probably be trading in larger amounts and therefore saving a lot more.


DBS Vickers account opening procedure

Most Singaporeans already have a DBS or POSB savings or current account, if the queues at DBS/POSB ATM machines are anything to go by. If you’re one of these sheeple, good news! It’s super easy to apply for a DBS Vickers account through DBS/POSB internet banking in the following easy steps:

  • Log into your iBanking account.
  • Click on “Invest” or “Open” > “DBS Vickers Online Trading Account”.
  • Fill in the online form and click “Submit”.

If you aren’t an existing DBS/POSB account holder, don’t worry, you can still apply for a DBS Vickers account online. It might take a little longer though.

Whichever you are, you will need a CDP account in order to do any sort of trading in Singapore. Clueless as to how to do so? Read our dummies’ guide to opening a CDP account here.


Keep the DBS Vickers contact details handy, just in case

DBS Vickers hotline: (65) 6327 2288 (hotline operates Mon 6:30am to Sat 6:30am)

DBS Customer Centre:
12 Marina Boulevard Level 3
Marina Bay Financial Centre Tower 3
Singapore 018982
(Mon to Fri 8:30am to 4:30pm, closed on public holidays)

DBS Vickers email: [email protected]

Have you ever traded with DBS Vickers? Share your reviews in the comments.