DBS Vickers – Flat Commission rate at S$9.88 to usher in Lunar New Year

If you have an on-line account with DBS Vickers Securities, the commission rate for on-line SGX trade is flat S$9.88 from 21 January to 27 February 2015 (end of this month). This applies to trade of less than 1,000 shares and contract value less than or equal S$3,888.

(I know you will have more questions on the terms and conditions, please refer to DBS Vickers’ web-pages.)

The normal commission rate is a minimum S$25 and it starts to rise beyond S$25 when stock price traded is beyond S$8.94 for 1000 lot.

I took advantage of this Lunar New Year promotion by selling some 200 units of DBS at S$19.22 (with contract value of S$3,844) and paid S$9.88 commission instead of S$25. Commission rate paid was 0.25% of contract value instead of 0.65%. $15.12 difference may not appear much based on the value of the trade, but it can cover some meals for the day.

Copyright © 2015, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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