Status: Researched · 8 June 2026.
What it is
DBS Vickers is a Singapore/Hong Kong bank-broker relationship route with multi-market access — not in the same category as IBKR, Saxo, Swissquote or EXANTE. The Singapore product is attractive for people already inside the DBS Singapore ecosystem (DBS/POSB banking, the DBS Multi-Currency Account, and CDP for Singapore securities), offering online trading across roughly seven developed markets.
Eligibility — yes for non-residents, with conditions
DBS Vickers does accept non-resident foreigners (ages 21–75): you open a DBS digibank (online banking) account, link the trading account, and add a CDP account for SGX securities. Two caveats matter:
- A security deposit may be required if you’re not based or employed in Singapore (to enable trading limits).
- DBS won’t open accounts for US tax persons, EEA residents, Japan tax residents, or citizens/residents of Nigeria, South Africa, Russia and Belarus.
So it’s more open to non-residents than a typical bank-broker — but tied to a DBS digibank account and the exclusions above.
Best / poor use cases
Use DBS Vickers when: you’re a DBS Singapore (or Hong Kong) client and want a bank-integrated broker for SGX plus major developed markets.
Skip it when: you want a globally-open account from anywhere — use IBKR/Saxo instead.
Verdict
A valuable multi-market bank broker that does take non-resident foreigners (via a DBS digibank account + CDP, possible deposit), subject to the nationality/tax exclusions above. Coverage is solid developed-market (plus Mainland China via the HK arm), not frontier.
Sources
Public sources checked (June 2026):
- DBS Vickers account, product FAQ and DBS Hong Kong securities pages: https://www.dbsvickers.com