Dbs online equity trading

Fortunately opening a trading account to invest in stocks and bonds in Singapore is rather easy. I for one prefer the trading account to be in an established retail bank, so that I can consolidate my current account and investment accounts under one roof and have an easy overview of all my finances.

I have experience with two trading platforms: DBS Vickers Securities www. Both can be integrated easily with your existing accounts, but differ quite a lot in terms of features and costs. As there is no minimum commission I save quite a lot of money, since I mostly do smaller trades. Furthermore I wanted to invest in some European exchange traded bond funds which I could not do on DBS Vickers.

Buying 1, units of the Vanguard FTSE Asia Ex Japan Index ETF for HKD As this example shows the minimum commission is quite disadvantageous for smaller investors. You would need to invest more than SGD 6, in one trade to enjoy the slightly lower interest rate that DBS Vickers offers in Hong Kong. In all other exchanges Standard Chartered is cheaper and has no minimum commission.

Given my good experience with Standard Chartered and their lower costs I can wholeheartedly recommend them over DBS Vickers. I would recommend open a free esaver account online first. From there you can apply for online trading online via the online banking platform. It is rather easy and trouble-free. Lazy as I am I am not a fan of visiting bank branches and queuing there.

Standard Chartered lets you do most things online or via the phone which is most convenient. In over four years I have only visited the bank branch once. Do you know if Standard-chartered allow non-residents to apply?

Hi Leigh, sorry for getting back to you so late! To open a trading account at Standard Chartered you normally need to be a customer of the bank with an existing account.

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I chose the free and minimal e-saver account. Unfortunately you can only open this account as a resident foreigner.

No clear details are included in the FAQ at https: Thanks for this blog. It has been helpful to discover that there are Vanguard ETFs available in tax-dividend free Hong Kong. Does Standard Chartered charge custodian fee for HK stocks in your case? Standard Chartered does not charge any custodian fees at all, all they charge is a small commission for selling and buying.

Here are the fee schedules:.

Research | DBS Group

Thank you for sharing your comparison on the 2 local brokers. Besides vickers and scb, interactive brokers and optionsXpress are pretty popular among Singaporeans. Do you have any idea how does the overall costs for US etfs compare with that of the local brokers?

Here is the link: Hi I am a beginner without any academic or financial related qualifications as well as investment experience. How would you suggest a beginner like me to start investing in low-cost ETFs and bonds?

Is DBS Vickers a better platform to kickstart and apply? How about you start with a monthly savings plan that invests in those bonds or low-cost ETFs?

Something like the POSB Invest Saver or the Maybank Kim Eng monthly investment plan? If you want to buy ETFs without having to qualify you still have quite a lot of ETFs to choose from.

You can find out more here: Yes you can buy multiple bond ETFs — you can check my portfolio for one example. Be careful of possible withholding taxes though.

Online Equity Trading | Share & Stock Market Trading at iDirect (ICICI Direct)

I would like to know your opinion on what brokerage account you think is best for a long term buy and keep investor. Transaction fees are not massively important I guess. DBS and OCBC are very reputable banks but they charge custodian fees for non SGX stocks, which will slowly but steady eat up a portion of the portfolio.

What are your thoughts? I personally use Standard Chartered for all non SGX stocks and DBS Vickers for the SGX ones. For me this has worked out quite well. I tried OCBC but found them way too expensive with too many random fees, especially for foreign stocks.

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Home Goals Portfolio How to get started investing in Singapore? How to open a trading account in Singapore? If you are deciding between these two options here is a comparative table: DBS Vickers or Standard Chartered? HKD minimum commission As this example shows the minimum commission is quite disadvantageous for smaller investors. How to open a Standard Chartered Online Trading account? Beginners guide to exchange traded funds ETFs for Singaporean investors.

January 22, at January 27, at July 4, at 2: July 4, at 3: July 6, at 2: Here are the fee schedules: September 9, at 2: Hi Singvestor, Thank you for sharing your comparison on the 2 local brokers. November 9, at 2: November 10, at 8: December 24, at 7: Are you sure you can also trade bonds with SCB on european stock markets?

December 25, at 6: December 26, at 3: December 31, at 9: Hi there, I would like to know your opinion on what brokerage account you think is best for a long term buy and keep investor. Cheers and happy ! January 7, at March 24, at 6: Try Saxo Capital Market. Leave a Reply Cancel Reply Your email address will not be published. Interesting posts The cost trap: Probably less than you think! Are you on the hedonic treadmill? A cautioning tale of lifestyle inflation Surprisingly similar: Recent Posts May Monthly update April Monthly update March Monthly update February Monthly update January Recent Comments singvestor on Portfolio upsidedownworld on Calculate how much you really earn per hour.

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