Is this the Best Trading Account now? (Add-on to Previous Post)

To add on to my earlier post (link here), the shares bought using DBS Vickers account would still be held in our own CDP account even though we are enjoying the lower commission charges. This is unlike some other brokerages where the shares are held in some custodian account. In this case, the brokerage firm holds the shares on your behalf. No thanks. If you need to sell your shares, you will need to sell through the same firm where you bought the shares from. If the platform is down when you need to sell, good luck. For shares held in CDP account, we can use another brokerage account to sell our shares if 1 account's platform has issues. The custodian firm may also raise the commission charges next time and you have no choice but to sell through them. I think there's a choice to transfer to CDP account but it could also incur additional charges. The company that you bought the shares would not invite you to attend their meetings and send you their annual reports.

For DBS Multiplier account, the higher interest rate earned on the amount inside this account would be credited within 7 working days.

Code ATINT is the normal interest rate equivalent to savings account.

From now till 30th June 2017, DBS Vickers is offering free access to SGX Market Depth. This is an SGX initiative so other brokerages would probably also offer this feature. I have not checked it out myself though.

DBS Vickers Market Depth

I am not paid by DBS Vickers for blogging about their promo. I only earn the monthly interests that I am entitled to. 😀