{"id":21781,"date":"2020-02-11T12:15:50","date_gmt":"2020-02-11T12:15:50","guid":{"rendered":"https:\/\/adamfayed.com\/?p=21781"},"modified":"2025-12-09T07:44:58","modified_gmt":"2025-12-09T07:44:58","slug":"dbs-vickers-securities-review-2022","status":"publish","type":"post","link":"https:\/\/adamfayed.com\/es\/review-articles\/dbs-vickers-securities-review-2022\/","title":{"rendered":"DBS Vickers Securities Review"},"content":{"rendered":"<p>DBS Vickers Securities is a broker, with strong links to the Asia-Pacific region. A few readers have asked me to review their solution which I have done on the article below.<\/p>\n\n\n\n<p>For those that prefer visual content, I have summarised the content below in the following video:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"DBS Vickers Securities Review\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/coT5gibouqE?feature=oembed&#038;enablejsapi=1&#038;origin=https:\/\/adamfayed.com\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Mis datos de contacto son hello@adamfayed.com y WhatsApp +44-7393-450-837 si tiene alguna pregunta.<\/p>\n\n\n\n<p>La informaci\u00f3n contenida en este art\u00edculo es meramente orientativa. No constituye asesoramiento financiero, jur\u00eddico o fiscal, ni una recomendaci\u00f3n o solicitud de inversi\u00f3n. Algunos hechos pueden haber cambiado desde el momento de su redacci\u00f3n.<\/p>\n\n\n\n<img decoding=\"async\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/CTA_5_final_-512x288.jpg\" usemap=\"#image-map\" alt=\"Discover How We Can Address Your Financial Pain Points\">\n\n<map name=\"image-map\">\n    <area href=\"https:\/\/adamfayed.com\/subscribe\/\" target=\"_blank\" alt=\"Subscribe Free\" title=\"Suscr\u00edbase gratis\" coords=\"72,217,198,252\" shape=\"rect\">\n    <area href=\"https:\/\/adamfayed.com\/contact\/\" target=\"_blank\" alt=\"Discover Now\" title=\"Desc\u00fabrelo ahora\" coords=\"303,217,429,252\" shape=\"rect\">\n<\/map>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Who are DBS Vickers and where are they sold?<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.dbsvickers.com\/vickers\/default.page\" target=\"_blank\" rel=\"noreferrer noopener\">DBS Vickers<\/a> is connected to DBS Bank. With a HQ in Singapore, and local offices in Thailand, Malaysia, Hong Kong, the UK, the US and Indonesia, DBS is focused mainly on the Asia-Pacific Region.<\/p>\n\n\n\n<p>DBS offers a wide range of stocks, funds and other financial instruments. They also offer multiple accounts including Cash Account, Young Investor Accounts and a Supplementary Retirement Scheme.<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Which markets do they invest in?<\/strong><\/h2>\n\n\n\n<p>Global but most customers are investing in the Hong Kong, Singapore, UK, US, Australian, Japanese and world and emerging markets.<\/p>\n\n\n\n<p>DBS have clients all around the world, although American citizens are now restricted.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How about the fees?<\/strong><\/h2>\n\n\n\n<p>The fees depend on two things; which DBS you are invested through (DBS Singapore and DBS Hong Kong are slightly different) and which markets you are trading on.<\/p>\n\n\n\n<p>For example, if you live in Singapore, and are trading on the Singapore stock exchange, the minimum commissions are 0.18%-0.375% depending on whether you trade online or by phone.<\/p>\n\n\n\n<p>In comparison, if you invest in the US stock exchange from DBS Singapore, there are the following fees:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SEC Charge of 0.00207% of trading principal. This is for sale transactions only though.<\/li>\n\n\n\n<li>A minimum of $25 or 0.18% of trading principle. This raises to $35 by phone.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>For DBS in Hong Kong and other locations, the fees vary. There are currently no upfront fees for opening up accounts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are the benefits?<\/strong><\/h2>\n\n\n\n<p>The main benefits associated with DBS is:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The costs are reasonable.<\/li>\n\n\n\n<li>You have reasonable access to different trading accounts, markets and investment vehicles.<\/li>\n\n\n\n<li>The account opening process is fairly simple and can mainly be done online.<\/li>\n\n\n\n<li>Unlike many other banks, they don&#8217;t steer investors to their own investment funds. <\/li>\n\n\n\n<li>There is bilingual English and Chinese support available.  <\/li>\n\n\n\n<li>You can trade in multiple currencies. <\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u00bfCu\u00e1les son los aspectos negativos?<\/strong><\/h2>\n\n\n\n<p>The main negatives associated with DBS is:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There is no advice on the platform. This means many investors trade on emotion which leads to results like this:<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-13-1024x576.jpg\" alt=\"DBS Vickers Securities Review\" class=\"wp-image-21811\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-13-1024x576.jpg 1024w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-13-300x169.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-13-768x432.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-13-81x46.jpg 81w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-13.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><sub><sup>Source: morning star <\/sup><\/sub><br><\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It isn&#8217;t clear how portable this solution is. In other words, if you are a Singapore expat, this solution will probably work if you move to Hong Kong or Thailand.  However, if expats move to certain locations, DBS could close your account, which isn&#8217;t convenient or tax efficient.<\/li>\n\n\n\n<li>The online system is pretty basic. <\/li>\n\n\n\n<li>There are many mixed customer reviews about the customer service, ease of use and so on.  <\/li>\n\n\n\n<li>As they are a big brokerage, it is likely you will get a lot of &#8220;customer service answers&#8221; to complex questions.  This is more a generalists platform than a specialist platform. Therefore, the more basic your means, the more you will be happy here. The more specialised, the less likely you are to be satisfied.<\/li>\n\n\n\n<li>Even though DBS are a reasonable DIY broker, they have been known to &#8220;move the goalposts&#8221;. They used to be cheaper, for example, but then dramatically increased their fees.  Many people found it too inconvenient to change their broker. <\/li>\n\n\n\n<li>In some ways, like other banks, DBS are reliant on their brand name. <\/li>\n\n\n\n<li>Your mileage might vary. Reviews for DBS Vickers in Thailand and Hong Kong are very different. <\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are the main mistakes I have seen people make on DBS Vickers?<\/strong><\/h2>\n\n\n\n<p>Home country bias is when investors naturally invest more in their home countries stock markets because it is more familiar.<\/p>\n\n\n\n<p>It affects investors globally:<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"665\" height=\"585\" data-id=\"21819\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-9.png\" alt=\"\" class=\"wp-image-21819\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-9.png 665w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-9-300x264.png 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/02\/a1-9-81x71.png 81w\" sizes=\"(max-width: 665px) 100vw, 665px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>The issue with Hong Kong and especially Singapore, is that they are riskier markets than the US S&amp;P500 or Dow Jones.<\/p>\n\n\n\n<p>There are many reasons for this, including the fact that US corporations like Apple, Microsoft and Amazon are more international in scope than most other firms around the world. <\/p>\n\n\n\n<p>So it makes sense for investors from the region, to diversify to US and international markets.  <\/p>\n\n\n\n<p>The issues with Mainland China, make this especially important for Hong Kong based investors.<\/p>\n\n\n\n<p>Other issues include trading on emotion.  Various studies have shown that investors that live closer to an Amazon warehouse are more likely to be shareholders, for the same reason as &#8220;home country bias&#8221; exists &#8211; being reassured by the familiar.  <\/p>\n\n\n\n<p>This isn&#8217;t a DBS Vickers specific issue but affects investors on all DIY platforms. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How about trading on US markets on <strong>DBS Vickers<\/strong>?<\/strong><\/h2>\n\n\n\n<p>It is possible to trade on US Markets on this platform.  However, remember that your beneficiaries could pay US estate taxes, if you die.<\/p>\n\n\n\n<p>Often it therefore makes sense to buy the S&amp;P500 domiciled in Ireland, the UK or Canada, rather than the S&amp;P500 in the US.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How about with the current pandemic? <\/strong><\/h2>\n\n\n\n<p>The pandemic happening across the world, and more specifically the actions that governments have taken to stop it spreading, has resulted in falling markets. <\/p>\n\n\n\n<p>This is mainly happening due to the unexpected nature of the shutdowns, and the lack of business earnings that will result for the next few months.<\/p>\n\n\n\n<p>This crisis will pass and markets will hit record highs again, as they always have in the past.<\/p>\n\n\n\n<p>However, what has been interesting about this crisis, is once again, DIY investors have panicked.<\/p>\n\n\n\n<p>Countless DIY platforms have reported huge outflows, just like in 2008.<\/p>\n\n\n\n<p>This source of panic is one of the main reasons why DIY investors get lower returns than the market.<\/p>\n\n\n\n<p>Often they are buying high and selling low.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusi\u00f3n<\/strong> <\/h2>\n\n\n\n<p>DBS isn&#8217;t a bad platforms for locals and expats in South East Asia, but does have many negatives as well.<\/p>\n\n\n\n<p>For complete beginners and those that can successfully DIY invest, it isn&#8217;t bad.<\/p>\n\n\n\n<p>The lack of advice and &#8220;off the peg solution&#8221; often means those with more complex financial needs, struggle to find a solution here.  <\/p>\n\n\n\n<p>It can also mean that investors are essentially trading on emotion (speculating) rather than investing for the long-term.<\/p>\n\n\n\n<p>Ironically, I have an associate who invested with DBS Vickers for years, only to stop in 2016, because he was quote &#8220;worried about Trump getting elected&#8221;.<\/p>\n\n\n\n<p>Four years later, and with markets up considerably, he feels like a fool.  This story does illustrate the issues many DIY investors face.  <\/p>\n\n\n\n<p><strong>Para saber m\u00e1s <\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/adamfayed.com\/es\/review-articles\/zurich-vista-quantum-friends-provident-hansard-rl360-reviews\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zurich Vista Quantum Friends Provident Hansard RL360 Comentarios<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u00bfLe duele la indecisi\u00f3n financiera? <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"512\" height=\"288\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-512x288.jpg\" alt=\"\" class=\"wp-image-117505\" style=\"width:683px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-512x288.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-300x169.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-768x432.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-scaled.jpg 825w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/become-adams-client\/\">Convi\u00e9rtase en mi cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/good-match-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Realice el cuestionario de elegibilidad de clientes<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">P\u00f3ngase en contacto con<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Adam es un autor reconocido internacionalmente en temas financieros, con m\u00e1s de 830 millones de respuestas en Quora, un libro muy vendido en Amazon y colaborador de Forbes.<\/strong><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>DBS Vickers Securities Review <\/p>","protected":false},"author":1,"featured_media":21892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10166176115445471_100883565069113":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[11534],"tags":[],"class_list":["post-21781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-review-articles"],"_links":{"self":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/21781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/comments?post=21781"}],"version-history":[{"count":2,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/21781\/revisions"}],"predecessor-version":[{"id":242786,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/21781\/revisions\/242786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/media\/21892"}],"wp:attachment":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/media?parent=21781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/categories?post=21781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/tags?post=21781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}