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Dbs vickers. How to permanantly increase trading limit?

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Old 22-01-2016, 02:27 PM   #1
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Dbs vickers. How to permanantly increase trading limit?

How to increase trading limit for sell permanantly without the need to keep emailing them?

Now mine max is 10k. If wan more need request email them...after tat about 3-4day back to normal max 10k...

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Old 22-01-2016, 02:33 PM   #2
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Email 'info-sg@dbsvonline.com' the latest copy of your payslip and SGX statement, showing your shares held.
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Old 22-01-2016, 02:44 PM   #3
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Email 'info-sg@dbsvonline.com' the latest copy of your payslip and SGX statement, showing your shares held.
That they will just temporarily increase my trading limit, after like 3 day+ the trading limit back to normal 10k..

Is it possible to permanantly increase the trading limit?
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Old 22-01-2016, 02:51 PM   #4
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They permanently increased it for me when I provided them with those 2 documents. Can try calling them as well, but their CSO will just ask you to send email.
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Old 22-01-2016, 03:07 PM   #5
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Do you pay promptly? If you pay promptly, they would increase it permanently provided you sent them those forms stated above.
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Old 22-01-2016, 03:07 PM   #6
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I just emailed them my SGX holdings, tell them I'm not contra traders. I'll only sell those that I own.

Then they upped my limit permanently to a level that I'm satisfied.

Cheers
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Old 22-01-2016, 05:39 PM   #7
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I just emailed them my SGX holdings, tell them I'm not contra traders. I'll only sell those that I own.

Then they upped my limit permanently to a level that I'm satisfied.

Cheers

Can i ask what is contra?

When i sell by cash there is a box tick contra..

What happen if i untick it and sell?
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Old 22-01-2016, 05:48 PM   #8
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Can i ask what is contra?

When i sell by cash there is a box tick contra..

What happen if i untick it and sell?
contra means you don't have to fork out a single cents until t+3 usually, any profit or loss you occurred within the 3days will be billed to your account.

don't suggest newbies to play contra, can be painful.
and dbs vickers is very niao with their limits
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Old 22-01-2016, 05:50 PM   #9
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poems how to up my limit huh ? i hv been with them for 10yr but they only let me buy at most 20k?
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Old 22-01-2016, 05:54 PM   #10
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Show them your income statement or bank statement.
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Old 22-01-2016, 06:47 PM   #11
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contra means you don't have to fork out a single cents until t+3 usually, any profit or loss you occurred within the 3days will be billed to your account.

don't suggest newbies to play contra, can be painful.
and dbs vickers is very niao with their limits


So when sell by cash i should untick contra?
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Old 22-01-2016, 06:48 PM   #12
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dont play contra la, long run sure die
What the diff if i tick and untick?
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Old 22-01-2016, 07:15 PM   #13
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i don't use dbs vickers to know the difference.

i only know

Contra
Buy - (Buy now and pay by T+3)
Sell - (Sell now and get money back by T+3)
Short-Sell - (Sell stocks you don't own, buy by end of day to cover position?)

Cash
Buy - (Buy now and pay immediately, usually lower commission)
Sell - (Sell now and get money back by T+3 too)

?? any amendment to the top?
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Old 22-01-2016, 08:57 PM   #14
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How to increase trading limit for sell permanantly without the need to keep emailing them?

Now mine max is 10k. If wan more need request email them...after tat about 3-4day back to normal max 10k...
To increase your sell limit permanently, you need to increase your buy limit

So tell them to permanently increase your buy limit by showing your trading records, income statement and also Cdp holding
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Old 22-01-2016, 10:18 PM   #15
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I just scanned and emailed them my CDP statement of stock holdings (bought on cash upfront) and explained that I needed the raise in limits to sell. Got a permanent increase within 1 -2 days.
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