DBS Vickers Securities (Singapore) Pte Ltd

DBS Vickers

Name: DBS Vickers broker review
Item: DBS Vickers
Rating: 76
Author: BrokerVS

Singapore bank-backed online securities broker from DBS Vickers, focused on SGX/CDP-linked and global market equity trading via web, digibank and mobile app.

Multi Asset BrokerBank Investment PlatformStock BrokerEtfBondFutureMutual FundStock

/100

Overall score

Overall score is usable, but check the supporting evidence and caveats.

Based on evidence13 sources

Trust

Cost

Withdrawal

Read first

Decision summary

/100

Overall

Overall is usable, but check the supporting evidence and caveats.

Headline score from research fields, regulation evidence, and scoring payload.

Best for

Singapore residents using DBS/POSB · CDP-linked SGX share investors · Investors who want web/mobile access to seven markets

Watch out

Entity, country restrictions, and high-risk fee fields should be checked carefully.

Trust signal

Trust looks strong, with high-confidence evidence. Still verify country/entity terms.

Withdrawal signal

Withdrawal is usable, but check the supporting evidence and caveats.

Deposit

No initial deposit or fee is required to open an account; cash-upfront trades require sufficient prefunded cash before…

Pricing

Not applicable to disclosed cash equities brokerage pricing; pricing is commission/minimum-fee based. · Cash trades: Singapore 0.28% min SG…

Withdrawal

Same day before 9:00am business-day cut-off; next business day after cut-off; cash-upfront withdrawal can take up to 2 working days. · Cash…

Safety

Not disclosed / not applicable to standard cash securities brokerage in reviewed public materials.

Availability

Countries and restrictions

Availability can vary by legal entity, account type, and local regulation. Treat this as a shortlist signal and verify details with the broker before opening an account.

Restricted Countries

Not disclosed; mTrading app indicated for Singapore account holders only.

Source

Evidence

Source-backed details

Trust5 fields

Regulators

Monetary Authority of Singapore (MAS)

Source

License Numbers

Capital Markets Services Licensee; Exempt Financial Adviser; Singapore Co. Reg. No. 198600294G

Source

Regulated Entities

DBS Vickers Securities (Singapore) Pte Ltd

Source

Negative Balance Protection

Not disclosed / not applicable to standard cash securities brokerage in reviewed public materials.

Source

Investor Compensation

No explicit statutory investor compensation scheme disclosed; custody arrangements carry risks and overseas protections may differ.

Source

Cost7 fields

Minimum Deposit

No initial deposit or fee is required to open an account; cash-upfront trades require sufficient prefunded cash before placing a trade.

Source

Spread From

Not applicable to disclosed cash equities brokerage pricing; pricing is commission/minimum-fee based.

Source

Commission

Cash trades: Singapore 0.28% min SGD 27.25; US 0.18% min USD 27.25. Cash Upfront: Singapore 0.12% min SGD 10.90; US 0.15% min USD 19.62.

Source

Maximum Leverage

Not disclosed for standard online securities account; share financing/margin terms exist but no maximum leverage ratio found.

Source

Deposit Fee

No initial deposit or account-opening fee; no annual, maintenance or minimum balance fees disclosed.

Source

Withdrawal Fee

Cash withdrawal fee not explicitly found; foreign securities withdrawal SGD 50 per counter plus out-of-pocket charges; equities transfer-in no fee.

Source

Inactivity Fee

No annual, account maintenance or minimum balance fees; inactivity fee not specifically disclosed.

Source

Availability1 fields

Restricted Countries

Not disclosed; mTrading app indicated for Singapore account holders only.

Source

Product5 fields

Tradable Assets

Common stock; US fractional shares; REITs; retail bonds; collective investment schemes; exchange-traded derivatives contracts

Source

Trading Platforms

DBS Vickers Online Platform; DBS Vickers mTrading App; DBS/POSB digibank online access

Source

Account Types

DBS Vickers Online Trading Account; Cash Upfront settlement; Young Investor Account; MCA-linked trading

Source

Deposit Methods

DBS/POSB iBanking; DBS Multi-Currency Account; GIRO; EPS

Source

Withdrawal Methods

GIRO; EPS; DBS Multi-Currency Account; DBS Multiplier account

Source

Trust

Regulatory badges

Guides explain the authorities mentioned in source evidence; they do not verify a broker’s license. Check the legal entity and current permissions in the official register.

Monetary Authority of Singapore (MAS)

Account protection depends on the contracting legal entity and permitted activity.

MAS guide Original source

Entity and license source notes

These are group-level source lists, not matched regulator/entity/license pairs. Check the official record and account agreement for the exact relationship.

Legal entity evidence

DBS Vickers Securities (Singapore) Pte Ltd

Original source

License number evidence

Capital Markets Services Licensee; Exempt Financial Adviser; Singapore Co. Reg. No. 198600294G

Original source

Sources

13 checked

https://www.dbsvickers.com/https://www.dbsvickers.com/vickers/why-us.page https://www.dbsvickers.com/vickers/trade/default.page https://www.dbsvickers.com/vickers/trade/ways-to-trade/internet https://www.dbs.com.sg/personal/investments/equity-trading/dbsv-vickers-app https://www.dbsvickers.com/vickers/accounts/settlement-account/cash-upfront-account https://www.dbsvickers.com/vickers/resources/faq/charges-commission.page https://www.dbsvickers.com/vickers/resources/faq/cash-upfront-account.page

Official website

Before you decide

Things to verify

Withdrawal Fee

Cash withdrawal fee not explicitly found; foreign securities withdrawal SGD 50 per counter plus out-of-pocket charges; equities transfer-in no fee.

Negative Balance Protection

Not disclosed / not applicable to standard cash securities brokerage in reviewed public materials.

Investor Compensation

No explicit statutory investor compensation scheme disclosed; custody arrangements carry risks and overseas protections may differ.

Restricted Countries

Not disclosed; mTrading app indicated for Singapore account holders only.

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Important disclosure

Broker research, not investment advice

Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.

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