Tuesday 4 December 2018

(Post 63/week 50)Learning investing/trading together part 8:How to purchase a stock?(DBS vickers)

When I first started out on my buying stock, I search all over the internet for information on how to purchase a stock. But there wasn't much info out there(Trust me, I still haven't found any yet).

So here is a step by step guide on how to purchase a stock on DBS VICKERS(Apologies for not showing how to link the brokerage to CDP, but I have absolutely no way to replicate those step, you can comment below if you need any help though)

*P.S You can also skip this guide and contact your broker to guide you through step by step!

**As of 2020 ,new DBS Vickers Account do not need to topup your DBS Vickers Cash Account as new account holders will have their own eMCA Account linked to their DBS Vickers Account and all the funds in the eMCA account can automatically be used for DBS Vickers Cash Upfront when you login from your iBanking and select DBS Vickers.Hence you can skip to step 2

Step 1)Transfer money into your DBS Vickers account

How much to transfer? 
  • Well, it depends on how much your budget to purchase those stock and whether you have enough in your bank(laugh)
  • Currently, the brokerage fee for DBS cash upfront account is 0.12%, or min SGD10 whichever is higher
  •  Hence, the amount one should invest to maximize brokerage fee is $8,333.33
    • 0.12%/100=0.0012
    • 10/0.0012=$8,333.33
    • The maxmimum amount that one should invest in each trade should be not more than $8,333.33 
  • SCB charges 0.2% or minimum $10
  • FSM charges 0.08% or minimum $10
  • if you are investing up to $5,000, you can either use DBS Vickers or SCB or FSM.
  • If you are investing above $5,000 and up to $8,333.34, use either DBS Vickers Cash Upfront or FSM.
  • If you are investing above $8,888.34, use FSM.
  • ***Note: You can invest in any amount you like it need not be $8,333.33, in my personal case I use either $3000 or $5000
So you have decided the amount? What's next?
  • Transfer the money, of course!
1. Go to the investing tab in your DBS banking website and click on more investment services(black circle)

2. You will reach this page

3.Scroll down and select Top up cash to DBS Vickers account(Red circle)

4.You will Probably be asked to enter your sms 6 digit pin number at this time

5.After entering the your sms 6 digit pin number,you will arrive at this page

6.Scroll down and enter the amount you would like to transfer to your dbs vicker cash upfront account(e.g $1000),*take note it is an immediate transfer

7. You will be asked to verify the amount, click the submit button

8. After clicking the submit button, you will be shown the below screen

Step two)Time to buy some stock!

9. Go to the invest tab and click DBS Vickers online trading(Black circle)

10. You will be brought to this page, click the next button(Red circle)

11.Welcome to DBS Vickers! On the right side, you will see the drop down option to switch between the cash account and cash upfront account, the cash upfront account should reflect the amount you just deposited

12)The cash upfront buying power showed how much I have transferred into DBS Vickers, which in my case is $1000

13)Go to the trade tab and click place order(Blue circle)

14)You will be brought to the place order page, scroll down to the place order part

15)Start by entering the stock code that you would like to purchase(google for the company stock code if you are unsure)

This post is getting a little too long, I never really like long post, so I am going to continue this at my next post after explaining the various term

So, in my case I enter in the code: ES3(STI ETF)*Take note, this is different from the other STI ETF that you purchase with POSB invest saver(For more information about the difference between the two ETF, read here)

The terms are taken from this post, a while back,some important terms are...

  • Last action-how much was this share bought or sold for
  • Bid-how much someone is willing to pay for the share
  •  Ask is the price a seller is willing to sell the share
Bid Vol
  • Bid volume is buying volume because it has the potential to move the price up,in the above case it mean someone is buying 74900 shares at 3.095
Ask Vol
  • Ask vol is selling volume because it has the potential to move the price down,in this case it mean someone is selling 2000 shares at 3.100
*As taken from here: When a market is experiencing more buying volume than selling volume, it means that there are more traders buying at the ask price, which has a tendency to push the price up.
When a market is experiencing more selling volume than buying volume, it means that there are more traders selling at the bid price, which has a tendency to push the price down.
Chg or change
  • For a stock or bond quote, change is the difference between the current price and the last trade of the previous day
  • Today highest price for the stock so far
  • Today lowest price for the stock so far


  1. I had spent so much time for searching information on this topic. But, a small number of sites I have found. In those, this one helped me a lot. Thanks for sharing wonderful information. If you want to know more about this topic, then click on the below links.
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  2. Hi! greatly appreciate your very detailed post! it really helped me a lot. i was wondering if you have shared on how to sell shares using vickers? could you direct me to it if you have? i've searched but did not find any. thank you again :)

    1. hi,i have not written a tutorial on how to sell stock yet,will get around to it sometime,thanks for commenting!

  3. thanks! i'm sure there's many silent readers who benefited greatly from your posts. this is really the best i've found thus far for noobs like me :) very thankful for your detailed posts.

    i was trying to sell and realised my stocks is still with cdp and panicked if i should be clicking contra. wahahaha... may i ask which broker are you using now and which do you think is the best? i'm thinking of switching to another with lower fees for selling.. and also exploring if i can buy with vickers then sell with another broker..

    1. Hi,yes I am using fsm along with dba vickers,there is a trick actually to keep your buying and selling fee low,buying via vickers and selling via fsm,fsm allow cdp shares to be sold,but there is an extra step to do

  4. Nice Article. Thank you for sharing the informative article with us.
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  5. Good Post Keep it up thanks for sharing the information.
    How long do I plan to invest?
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  6. Wow thank you so much! Been looking everywhere on tips and advice. Very informative post, keep it up!

  7. Thanks for sharing. Very useful for us beginners.

  8. Thanks a lot for sharing! As someone new to DBS vickers account, this surely helps a lot!
    I have a question - I can only find the cash upfront option on the desktop version, it doesnt seem to exist on Mobile app. Is that the case?

    1. This comment has been removed by the author.

    2. hi thank for reading this post!

      i am unable to advise regarding this as i have purchase my stocks through desktop only. Your account may not be link to the cash upfront ,in this case,do call dbs or chat online with them to find out more :)

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