| Settlement Mode | |||
|---|---|---|---|
| Quantity | Cash | Cash Upfront | |
| Commission Fees | Share Quantity less than 1 | Flat USD 0.96^* per trade | |
| Share Quantity equal or greater than 1 | Minimum USD 27.25^ or 0.16% whichever is higher | Minimum USD 19.62^ or 0.15% whichever is higher | |
| Platform Fees | ZERO platform fees | ||
*Flat commission rate refers to US fractional trades with quantity less than one
^ Rates are inclusive of GST at the prevailing rate
| Settlement Mode | |||
|---|---|---|---|
| Quantity | Cash | Cash Upfront | |
| Commission Fees | Share Quantity less than 1 | FREE* | |
| Share Quantity equal or greater than 1 | Flat USD 6.54^ | ||
| Platform Fees | ZERO platform fees | ||
*Free commission rate refers to US fractional trades with quantity less than one for young investor accounts only.
^ Rates are inclusive of GST at the prevailing rate
Promotion
Get USD $30 AAPL shares when you open a new account and make one US trade!
- Open a new individual online trading account from now till 31 December 2024
- Make one online US trade before 31 January 2025
Terms and conditions apply. Click here to find out more.
Get USD $30 AAPL share when you trade in US market.
- Make at least six online US trades, each trade executed with at least 1 share or more. (e.g. 1, 1.1234, 100, 100.0005)
- Make the trades before 31 December 2024
Terms and conditions apply. Click here to find out more.
Frequently Asked Questions
- Trading Account must be on MCA settlement1,
- Trading Account activated for US Market trading2 and
- Acknowledge US Fractional Trading Disclaimer under Account Management
1If you are not on MCA settlement yet, and keen to onboard, click here to find out more.
2Activation of US Market Trading, click here to find out more.
Fractional share trading allows investors to buy or sell fractions of a stock (i.e. 0.5 share of AAPL) instead of a whole share (i.e. 1 share of AAPL).
When trading with fractional shares on DBS Vickers, the orders have a minimum quantity of 0.0001 and a minimum order amount of USD 5 when opening a position.
Investor owning a fractional share means that he owns less than a whole share of the company.
Currently, S&P 500 stocks and selected ETFs are eligible for fractional trading.
DBS Vickers may adjust the eligibility of certain US Securities at any time. Closing a fractional position will not be affected by this adjustment.
Types of Orders | Buy | Sell | |||
Cash Upfront | Cash | Cash | |||
Qty | Value | Qty | Value | Qty | |
Limit | √ | √ | √ | √ | X |
Market | X | X | √ | X | √ |
All or None | X | ||||
Good for today | √ | ||||
- Under Stock Search, key in the S&P 500 stock of your choice.
- Select the Value tab.
- Under Action, select "Buy".
- Under Price, indicate the price.
- Input the value in Contract Value field.
Note: For order input via value, the estimated quantity will be computed, and round down will be applied if the estimated quantity of the exact quantity has more than 4 decimal places.
Illustration of US Fractional buy order via value
You place a fractional buy order via value input of USD 50 and stock price USD 222.66
The estimated quantity will be computed based on value input/price. In this illustration, the estimated quantity will be USD50/ USD222.66 = 0.2245576…
Hence the estimated quantity will be rounded down to 0.2245
At Preview Order, the total contract value will be computed based on the estimated quantity x price. In this illustration, the total contract value will be 0.2245 x USD 222.66 = USD 49.99 (rounded to 2 decimal places).
Note: The above commission is illustrated based on Young Investor US Fractional Buy Order.
Individual Accounts (Aged above 25 years old)
| Settlement Mode | |||
|---|---|---|---|
| Quantity | Cash | Cash Upfront | |
| Commission Fees | Share Quantity less than 1 | Flat USD 0.96^* per trade | |
| Share Quantity equal or greater than 1 | Minimum USD 27.25^ or 0.16% whichever is higher | Minimum USD 19.62^ or 0.15% whichever is higher | |
| Platform Fees | ZERO platform fees | ||
*Flat commission rate refers to US fractional trades with quantity less than one
^Rates are inclusive of GST at the prevailing rate
Young Investor Accounts (Aged 18 – 25 years old)
| Settlement Mode | |||
|---|---|---|---|
| Quantity | Cash | Cash Upfront | |
| Commission Fees | Share Quantity less than 1 | FREE* | |
| Share Quantity equal or greater than 1 | Flat USD 6.54^ | ||
| Platform Fees | ZERO platform fees | ||
*Free commission rate refers to US fractional trades with quantity less than one for young investor accounts only.
^Rates are inclusive of GST at the prevailing rate
No. Trades with filled quantity less than 1 will not be amalgamated when trades are of the same stock, currency, settlement mode and trade date as well as the same mode of trade.
Illustration 1:
You executed 3 trades today, 12th September 2024:
- Buy 0.5 shares of AAPL via Cash Settlement Mode
- Buy 0.2 shares of AAPL via Cash Settlement Mode
- Buy USD 100 value of AAPL via Cash Settlement Mode
These three trades will not be amalgamated as one contract. These three trades will be created as three separate contracts.
Yes. Trades with filled quantity more than or equal to 1 will be amalgamated when trades are of the same stock, currency, settlement mode and trade date as well as the same mode of trade.
Illustration 1:
You executed 5 trades today. 12th September 2024:
- Buy 2 Shares of AAPL via Cash Settlement Mode
- Buy 5 Shares of AAPL via Cash Upfront Settlement Mode
- Buy 10.88 Shares of AAPL via Cash Settlement Mode
- Buy 0.8 Shares of AAPL via Cash Settlement Mode
- Buy 0.08 Shares of AAPL via Cash Settlement Mode
The orders with quantity ≥1 will be amalgamated:
- Buy 12.88 Shares of AAPL via Cash Settlement Mode will be created as one contract.
- Buy 5 Shares of AAPL via Cash Upfront Settlement Mode will be created as one contract.
- Buy 0.8 Shares of AAPL via Cash Settlement Mode will be created as one contract.
- Buy 0.08 Shares of AAPL via Cash Settlement Mode will be created as one contract.
Order amendment is not available.
No.
DBS Vickers does not accept fractional shares transfer in/out request.
Fractional shares will receive cash/cash-in-lieu for corporate actions* (e.g. cash dividends, consolidation, bonus).
| Corporate Action | Entitlement |
| Dividend | Entitled, paid in cash/cash-in-lieu |
| Dividend with Scrip | |
| Bonus | |
| Consolidation | |
| Sub-division | |
| Take Over Cash Offer | Eligible to participate |
| Right Issue | Disregarded |
Note*:
- The above corporate action scenarios are not exhaustive and subject to the Terms and Conditions of the events and handling of the fractional shares.
- There will be corporate action handling fees. For details, please refer to the pricing.
You will still be able to close off your existing positions. Please contact our Investment Service Centre at +65 6327 2288 option 1 to close off your existing position.
