English

DBS Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.dbs.com...., the company's legitimate regulatory information United KingdomFCAInstitution Forex License, MalaysiaLFSAMarket Maker (MM) to enhance the security of the company's address

DBS Forex Broker

Basic Information

Registered Region

Singapore

Operating Period

Company Name

DBS Bank

Abbreviation

DBS

Company employee

Contact Number

（44 207）489 6550

Company Website

https://www.dbs.com.cn/index/default.page

Facebook

https://www.facebook.com/dbs

https://twitter.com/dbsbank

Keywords

Above 20 years

Regulated in United Kingdom

Regulated in Malaysia

Institution Forex License

Market Maker (MM)

Global Business

High potential risk

Company profile

Broker NameDBSRegulatory StatusRegulated by the Labuan Financial Services Authority (LFSA)UK FCA LicenseLicense number 204650 for Non-Forex activitiesDBS Financial Services- Offers a wide array of financial solutionsServices for Individual Clients- Wealth Management- Treasures Banking Privileges- DBS Lifestyle Privileges- Wealth Management Services- Wealth Preservation- Banking ServicesServices for Corporate Clients- SME Banking (DBS IDEAL)- Corporate BankingSustainability Initiatives- Commitment to achieving net-zero greenhouse gas emissions- Investment in clean energy and supporting sustainabilityCustomer Support- Phone Support (Call BusinessCare)- Online Enquiry (Enquiry Form)- Complaint Handling for Institutional Clients- BusinessCare Hotline- Email Support- Mailing AddressOverview DBS is a regulated bank under the Labuan Financial Services Authority (LFSA) and holds a UK FCA license for Non-Forex activities. They offer a range of financial solutions for both individual and corporate clients, along with a commitment to sustainability initiatives. However, caution is advised due to increased negative reviews, and thorough due diligence and credibility assessment are strongly recommended before engaging their services, particularly if the UK's FCA oversight is a priority for investors.Interest Rates and Fees The interest rate offered by DBS DBS Bank (Hong Kong) Limited in Hong Kong dollars is 5.25% per annum. Brokerage commission for securities trading in Hong Kong is 0.2% of the amount (minimum HK$100/RMB100), brokerage commission for transactions via automated telephone banking service, telephone banking service hotline, or express securities trading line is 0.35% of the transaction amount (minimum charge of HK$100/RMB100). SFC transaction levy is 0.0027% of the transaction amount, and stamp duty is 0.1% of the transaction amount. For more information on fees and charges, please refer to the official website of DBS Bank (Hong Kong) Limited. Regulation DBS is regulated by the Financial Conduct Authority (FCA) in the UK with an Institution Forex License (License No. 204650) and by the Labuan Financial Services Authority (LFSA) in Malaysia with a Market Making license. Both agencies oversee DBS's compliance with financial regulations in their respective regions. Pros and ConsProsConsRegulated by Labuan Financial Services Authority (LFSA)Possible associated risks when dealing with the brokerComprehensive range of financial servicesIncreased negative field survey reviews raise concernsRobust customer support through various channelsLack of clarity regarding regulatory oversight and implicationsServices DBS (formerly known as The Development Bank of Singapore) offers a wide range of financial services, catering to both individual clients and corporate clients. Below is a detailed description of the services provided by DBS: For Individual Clients:Wealth Management: DBS offers wealth management services through its DBS Treasures program. This service is designed for individuals with a minimum deposit or investment threshold. It provides customers with access to qualified treasures who can assist in managing and growing their wealth. Additionally, DBS Treasures Privileges offer a range of customized services and exclusive benefits.Treasures Banking Privileges: This service is tailored to provide wealth management expertise and exclusive banking privileges across Asia. It includes various investment and financial products to help individuals achieve their financial goals.DBS Lifestyle Privileges: DBS values its customers and offers them curated indulgences and exclusive privileges, which can include discounts, special offers, and unique experiences.Wealth Management Services: DBS offers opportunities to expand investment portfolios by leveraging assets linked to equities, commodities, currencies, and credits, with access to global markets. This service is designed to help customers accumulate wealth.Wealth Preservation: DBS provides asset allocation plans tailored for individuals, including retirement plans, education foundations, and wealth transfer strategies. This helps clients protect and preserve their accumulated wealth.Banking Services: DBS offers various banking services, including the DBS digibank app, which allows clients to manage their accounts conveniently on mobile devices. Clients can also access information on major markets, currency exchange rates, structured investment products, and more. For Corporate and SME Banking:SME Banking (DBS IDEAL): DBS IDEAL is a comprehensive platform designed to help small and medium-sized enterprises (SMEs) manage their working capital and transactions efficiently. It can be accessed through desktop, tablet, and mobile devices and offers features such as seamless security, easy maintenance, comprehensive services, and true mobility. SMEs can monitor funds, make payments, manage trade finance, and conduct mobile banking with ease.Corporate Banking: DBS addresses climate change by advocating for collective efforts and sustainable business practices. They have committed to achieving net-zero greenhouse gas emissions by 2050 and have set decarbonization targets for various sectors, including Power, Oil & Gas, Automotive, Aviation, Shipping, Steel, and Real Estate. DBS is actively investing in clean energy and supporting Asia's transition to a low-carbon economy. DBS's services are designed to meet the financial needs of both individual and corporate clients, offering a wide range of solutions for wealth management, banking, and sustainability in today's evolving financial landscape.Customer Support DBS offers comprehensive customer support through its BusinessCare service to assist customers and address their inquiries and concerns. Here is a description of their customer support services:Phone Support (Call BusinessCare):Telephone Number: 400 821 8881Operating Hours: 9:00 AM to 6:00 PM, Monday to Friday (excluding Public Holidays)Customers can reach out to DBS BusinessCare via phone during the specified operating hours. Trained representatives are available to provide assistance and address queries related to DBS's financial products and services.Online Enquiry (Enquiry Form):DBS encourages customers to submit their inquiries online using the provided enquiry form. These inquiries will be directed to a BusinessCare representative who will respond as promptly as possible.Complaint Handling for Institutional Clients:DBS takes customer complaints seriously and has a dedicated process for handling them.Each branch of the bank has complaint handling officers responsible for accepting and addressing client complaints.The complaint handling process includes acknowledging the receipt of the complaint within 5 working days, providing a response to the client within 15 days, and ensuring complex cases receive attention within a maximum of 60 days.Unresolved complaints are escalated to the complaint management department at the bank's head office for further investigation and resolution.BusinessCare Hotline:Hotline Number: 400 821 8881Hotline Service Hours: Monday to Friday, 9:00 AM to 6:00 PMCustomers can reach DBS BusinessCare via the hotline during the specified service hours for immediate assistance with their banking-related inquiries and issues.Email Support:Customers can also contact BusinessCare via email at the provided email address: businesscarecn@dbs.com. They can send their queries and receive responses through this channel.Mailing Address:For postal inquiries, DBS provides a mailing address for customers to send their correspondence: DBS Businesscare 29/F, China Resources Building 5001 Shennan Dong Road Shenzhen, PR China DBS is committed to serving its customers efficiently and strives to provide timely and comprehensive support through multiple communication channels, ensuring that clients' needs are met and their concerns addressed effectively.

DBS broker review

Is DBS safe or scam

Rating Index

Dbs Forex Broker - Complete Information Guide

1. Broker Overview

　　DBS Vickers Securities is a prominent brokerage firm that operates under the umbrella of DBS Bank, which is the largest bank in Singapore. Established in 1996, DBS Vickers has grown to become a key player in the Asian financial markets, providing a wide range of services to both retail and institutional investors. The headquarters of DBS Vickers is located in Singapore, with additional offices in Malaysia, Hong Kong, Thailand, the United States, and the United Kingdom.

　　As a subsidiary of DBS Group Holdings, DBS Vickers operates primarily as a private entity. The firm serves a diverse client base, including individual investors, corporate clients, and institutional investors, offering them access to various global markets.

　　Over the years, DBS Vickers has achieved significant milestones, including becoming a registered member of the Singapore Exchange (SGX) and gaining regulatory approvals from various financial authorities. The firm has consistently expanded its service offerings, which now include trading in multiple asset classes such as equities, derivatives, and foreign exchange.

　　DBS Vickers operates on a retail brokerage model, providing online trading platforms and investment advisory services, thus catering to the needs of different types of investors. As a Dbs broker, it emphasizes a customer-centric approach, aiming to empower clients in making informed investment decisions.

2. Regulatory and Compliance Information

　　DBS Vickers is regulated by the Monetary Authority of Singapore (MAS), which is the primary financial regulatory authority in Singapore. The regulatory license number for DBS Vickers is CMS100008-1. This license ensures that DBS Vickers adheres to stringent regulatory standards, safeguarding client interests and maintaining market integrity.

　　The firms regulatory license is valid indefinitely, provided that it meets the ongoing compliance requirements set forth by the MAS. In addition to its Singapore operations, DBS Vickers has established legal entities in other regions, including Thailand, where it is regulated by the Securities and Exchange Commission of Thailand (SEC).

　　Client funds at DBS Vickers are kept in segregated accounts, ensuring that they are protected in the event of the firm's insolvency. This practice is part of their commitment to maintaining high standards of financial security and transparency.

　　DBS Vickers adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which are designed to prevent financial crimes and ensure that the firm operates within the legal framework established by regulatory authorities.

3. Trading Products and Services

　　As a Dbs broker, DBS Vickers offers a comprehensive range of trading products, including:

Forex Trading: A wide selection of currency pairs is available for trading, catering to both novice and experienced traders.
CFD Products: Clients can trade Contracts for Difference (CFDs) on various instruments, including:
Indices: Major global indices such as the S&P 500, FTSE 100, and Nikkei 225.
Commodities: Trading options for commodities like gold, silver, oil, and agricultural products.
Stocks: Access to a vast array of stocks listed on global exchanges.
Cryptocurrencies: Some offerings may include popular cryptocurrencies, depending on market conditions.

　　DBS Vickers frequently updates its product offerings, ensuring that clients have access to the latest market opportunities. The firm also provides retail trading services, allowing individual investors to engage in the financial markets with ease.

　　For institutional clients, DBS Vickers offers tailored solutions and white-label services, enabling businesses to leverage the brokerage's infrastructure for their trading needs. Additionally, asset management services are available, focusing on personalized investment strategies to meet specific client objectives.

4. Trading Platforms and Technology

　　DBS Vickers supports the MetaTrader 4 (MT4) platform, which is popular among traders for its robust features and user-friendly interface. The firm also provides its own proprietary trading platform, designed to cater to the needs of various types of investors.

　　The web-based trading platform allows clients to access their accounts and execute trades from any device with internet connectivity. Moreover, DBS Vickers offers a mobile application that is available on both iOS and Android, enabling clients to trade on-the-go.

　　In terms of execution models, DBS Vickers typically operates on a Market Making model, which allows for competitive spreads and efficient trade execution. The firm invests in advanced technology infrastructure, including high-speed servers located in strategic locations to ensure optimal trading conditions.

　　API access is also provided, allowing clients to engage in automated trading strategies and integrate their trading systems with DBS Vickers' platform.

5. Account Types and Trading Conditions

　　DBS Vickers offers several types of trading accounts to cater to the diverse needs of its clients:

Standard Account: This account type has a minimum deposit requirement of SGD 0. The commission for trading Singapore stocks starts at 0.28%, with a minimum fee of SGD 25.
Cash Upfront Account: For clients who prefer to trade with cash upfront, this account type offers preferential commission rates.
Young Investor Account: Designed for younger investors aged 20-25, this account provides access to foreign markets with reduced commissions.
Islamic Accounts: Available for clients who require Sharia-compliant trading conditions.
Corporate Accounts: Tailored for business entities looking to trade in financial markets.

　　The leverage ratio varies depending on the product, typically ranging from 1:1 to 1:100. The minimum trade size is set at 1 lot, and overnight fees apply based on the specific asset being traded.

6. Fund Management

　　DBS Vickers supports a variety of deposit methods, including:

Bank Transfers: Clients can transfer funds directly from their bank accounts.
Credit/Debit Cards: Convenient for quick deposits.
E-Wallets: Various electronic payment options are available.

　　There are no minimum deposit requirements for most account types, and deposits are processed within 1 to 2 business days. DBS Vickers does not charge deposit fees for transactions made via its multi-currency accounts.

　　For withdrawals, clients can choose from similar payment methods, with processing times typically ranging from 1 to 3 business days. Withdrawal fees may apply, depending on the method chosen, and specific limits may be in place for certain payment options.

7. Customer Support and Educational Resources

　　DBS Vickers provides comprehensive customer support through various channels, including:

Phone Support: Available during business hours.
Email Support: Clients can reach out for assistance via email.
Live Chat: Instant support for quick inquiries.
Social Media: Active presence on platforms like Facebook for customer engagement.

　　The support team is available 24/7, ensuring that clients receive assistance whenever needed. DBS Vickers also offers multilingual support, catering to a diverse clientele.

　　In terms of educational resources, DBS Vickers provides a range of materials, including:

Webinars and Tutorials: Covering various trading strategies and market analyses.
Research Reports: Daily market insights and analysis to help clients make informed decisions.
Trading Tools: Including calculators, economic calendars, and signal services.

8. Regional Coverage and Restrictions

　　DBS Vickers primarily serves clients in Singapore, Malaysia, Thailand, Hong Kong, and the United States. The firm has established a network of offices in these regions, allowing for localized support and services.

　　However, certain countries are restricted from accessing DBS Vickers' services, including regions where regulatory compliance cannot be met. Clients from specific jurisdictions may not be eligible to open accounts or trade through DBS Vickers, depending on local laws and regulations.

　　In summary, DBS Vickers stands out as a reliable Dbs broker, offering a comprehensive suite of trading products, advanced technology, and robust customer support to meet the needs of both retail and institutional clients.

DBS Similar Brokers

Regulated

Chief

Best brokers