MCA broker Accounts

DBS Vickers Account Type

DBS Vickers offers various account types for trading, including individual trading accounts and multi-currency accounts (MCA). The individual trading account allows customers to trade a variety of financial instruments, while the MCA enables clients to settle trades in multiple currencies, providing flexibility and convenience for international transactions. There is no minimum deposit required to open a DBS Vickers trading account, making it accessible for a wide range of investors.

DBS Vickers Broker Account Opening Process

• Eligibility Requirements:
• Must be a Singapore tax resident.
• Must have an existing DBS/POSB current/savings account.
• Not an existing DBS Vickers customer.
• Application Methods:
• Online Application: Use your DBS/POSB ibanking account or the Digibank app to apply directly.
• Paper Application: Download the application forms, fill them out, and submit them along with supporting documents.
• Multi-Currency Account (MCA) Requirements:
• A MCA must be linked to your DBS Vickers trading account.
• If applying via paper forms, an existing individual MCA is required.
• Processing Time:
• Online applications typically take 3 to 5 working days to process.
• Paper applications may take 5 to 7 working days for processing.
• Post-Application:
• Upon successful account opening, you will receive a welcome letter with your trading account number and login credentials.

For more detailed information, visit the DBS Vickers website: DBS Vickers.