DBS Vickers Account Type

DBS Vickers offers several types of brokerage accounts to cater to different investor needs:

• General Investor Account:
• Suitable for individual investors looking to trade in various markets.
• Provides access to a wide range of securities, including stocks, bonds, and derivatives.
• Young Investor Account:
• Designed for clients aged 18 to 25 years old.
• Offers flat commission rates for all trades executed online, making it cost-effective for young investors.
• Cash Balance Account:
• Requires 100% upfront collateral for stock purchases.
• Ideal for clients looking to manage their trading funds actively.
• Cash Account:
• Requires a 20% upfront deposit for purchasing power.
• Allows more flexibility for investors who may not want to commit all funds upfront.
• CDP-linked Account:
• Links directly to the Central Depository (CDP) for easier management of Singapore-listed shares.
• Essential for trading on the Singapore Exchange (SGX).

DBS Vickers Broker Account Opening Process

To open a DBS Vickers trading account, follow these steps:

• Eligibility Requirements:
• Must be a Singapore tax resident.
• Must have an existing DBS/POSB current or savings account.
• Not an existing DBS Vickers customer.
• Application Methods:
• Online Application:
• Access the DBS/POSB ibanking account or the digibank app to apply.
• Complete the online application form.
• Paper Application:
• Download the application forms from the DBS Vickers website.
• Submit completed forms along with supporting documents via mail.
• Required Documents:
• For Thai individual clients: Identification, house registration certificate, recent bank statement, and a duty stamp.
• For foreign individual clients: Passport, work permit (if applicable), recent bank statement, and a duty stamp.
• Processing Time:
• Online applications are typically processed within 3 to 5 working days.
• Paper applications may take 5 to 7 working days.
• Account Activation:
• Upon successful application, you will receive a welcome letter with your account number and a separate mail with your login password.

For more details, visit the DBS Vickers account opening page.