- Knowledge Centre
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 broking 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.
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 Online provides customers with a broad range of global investment services through multiple channels, including the Internet, Investment Services Centre and Customer Centres.
Through them, you can invest in stock markets in the United States, Canada, Hong Kong, Singapore, United Kingdom, Australia and Japan. In addition to equities, they offer opportunities to participate in IPOs and private placements.
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.
Here is a link to the fee schedule for Singapore accounts.
And here is a link to the fee schedule for Hong Kong accounts.
If you are invested through the US market you risk withholding and estate tax upon your death.
Compared with other offshore investment platforms, (click here for comparison) DBS Vickers Securities performs excellently.