Get a fraction of the action with DBS Vickers.

Fees and Charges

Individual Accounts (Aged above 25 years old)
 Settlement Mode
 QuantityCashCash Upfront
Commission FeesShare Quantity less than 1Flat USD 0.96^* per trade
Share Quantity equal or greater than 1Minimum USD 27.25^ or 0.16% whichever is higherMinimum USD 19.62^ or 0.15% whichever is higher
Platform FeesZERO 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
 QuantityCashCash Upfront
Commission FeesShare Quantity less than 1FREE*
Share Quantity equal or greater than 1Flat USD 6.54^
Platform FeesZERO 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

Illustration^ 1:
Let's say you have USD 100 set aside for investment and you are interested in Apple (AAPL).

1 share of AAPL is USD 220

With US fractional trading, you may cart out fractional shares for AAPL with just USD 100. You will also enjoy our promotional commission rate at USD 0.96 for this buy trade too!

With USD 100, you can own 0.4545 AAPL share

^Keep in mind that these examples don't include fees or charges
Illustration^ 2:
Let's say you have USD 200 set aside for investment and you are interested in Netflix (NFLX) and Tesla (TSLA).

1 share of NFLX is USD 722

1 share of TSLA is USD 250

With US fractional trading, you may cart out fractional shares for both NFLX and TSLA. You will enjoy our promotional commission rate at USD 0.96 for each of these buy trades too!

With USD 200, you can own 0.1501 NFLX and 0.4 TSLA

USD 100 / USD 722 = 0.1385 NFLX share

USD 100 / USD 250 = 0.4 TSLA share

^Keep in mind that these examples don't include fees or charges.

Promotion

Open new account

Get USD $30 AAPL shares when you open a new account and make one US trade!

  1. Open a new individual online trading account from now till 31 December 2024
  2. Make one online US trade before 31 January 2025

Terms and conditions apply. Click here to find out more.

Existing account

Get USD $30 AAPL share when you trade in US market.

  1. 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) 
  2. Make the trades before 31 December 2024

Terms and conditions apply. Click here to find out more.

What are the prerequisites to start US Fractional Shares Trading?
  1. Trading Account must be on MCA settlement1,
  2. Trading Account activated for US Market trading2 and
  3. 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.

What is fractional shares trading?

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.

What are the US symbols available for fractional trading?

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.

What are the available order types and duration for US Fractional Shares Trading?

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

What is the minimum order value for my fractional shares trading?

Minimum value required is USD 5 (Price x Quantity), no maximum cap. This requirement is not applicable for sell orders.

How can I place US Fractional Buy Order via value?
  1. Under Stock Search, key in the S&P 500 stock of your choice.
  2. Select the Value tab.
  3. Under Action, select "Buy".
  4. Under Price, indicate the price.
  5. 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.
What is the minimum order quantity for my fractional shares trading?
Minimum quantity required is 0.0001 share, up to 4 decimal places.
What is the commission rates for US Fractional Shares if I am holding an Individual Trading Account?

Individual Accounts (Aged above 25 years old)

 Settlement Mode
 QuantityCashCash Upfront
Commission FeesShare Quantity less than 1Flat USD 0.96^* per trade
Share Quantity equal or greater than 1Minimum USD 27.25^ or 0.16% whichever is higherMinimum USD 19.62^ or 0.15% whichever is higher
Platform FeesZERO platform fees

 

*Flat commission rate refers to US fractional trades with quantity less than one

^Rates are inclusive of GST at the prevailing rate

What is the commission rates for US Fractional Shares if I am holding a Young Investor Account?

Young Investor Accounts (Aged 18 – 25 years old)

 Settlement Mode
 QuantityCashCash Upfront
Commission FeesShare Quantity less than 1FREE*
Share Quantity equal or greater than 1Flat USD 6.54^
Platform FeesZERO 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

Will my multiple US Fractional Trades (i.e share qty < 1) be amalgamated into 1 contract?

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:

  1. Buy 0.5 shares of AAPL via Cash Settlement Mode
  2. Buy 0.2 shares of AAPL via Cash Settlement Mode
  3. 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.

Will my multiple US Fractional Trades (i.e. share qty ≥ 1) be amalgamated into 1 contract?

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:

  1. Buy 2 Shares of AAPL via Cash Settlement Mode
  2. Buy 5 Shares of AAPL via Cash Upfront Settlement Mode
  3. Buy 10.88 Shares of AAPL via Cash Settlement Mode
  4. Buy 0.8 Shares of AAPL via Cash Settlement Mode
  5. Buy 0.08 Shares of AAPL via Cash Settlement Mode

The orders with quantity ≥1 will be amalgamated:

  1. Buy 12.88 Shares of AAPL via Cash Settlement Mode will be created as one contract.
  2. Buy 5 Shares of AAPL via Cash Upfront Settlement Mode will be created as one contract.
  3. 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.

How do I amend my US fractional shares order?
Order amendment is not available.
Is US fractional shares trading available for Share Margin Financing (SMF)?
No.
Can I transfer in/out fractional shares to/from DBS Vickers?

DBS Vickers does not accept fractional shares transfer in/out request.

What is my corporate action entitlement for US Fractional Shares?

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*:

  1. The above corporate action scenarios are not exhaustive and subject to the Terms and Conditions of the events and handling of the fractional shares.
  2. There will be corporate action handling fees. For details, please refer to the pricing.
What happens the fractional stock that I am holding becomes ineligible for fractional trading?

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.

Explore more

TradeInvesting