IFAST $10 flat commission for sgx stocks

Sell2MeCheap

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Seem it is an alternate platform to trade Hong Kong market as well? 0.12% and no monthly fees or whatsoever.
 

foozgarden

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No need to transfer la. Just need to link to CDP and can sell directly.

oh really?! dang..
and i can sell with the 10bux comms ?

if thats the case, then FSM is the cheapest to sell, since other brokers , ie POEMS , DBSV are 0.28% (min $25)
 
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artemov

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iFast?
Don't believe in a Company that changes their charges unilaterally as they deem fit and trying to milk their old customers.
Once bitten twice shy, I won't give them any more business! :s8:

Is it due to platform fee?
 

artemov

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Management Fee (per annum)

MAPS My Assisted Portfolio Solution (Robo-Advisory Portfolios)
Conservative Portfolio
0.35% per annum
All Other Portfolios
0.50% per annum

Anyone know what is this management fee? (https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure)

I'm trying to make use of the $10 promo to get sti etfs ... any other charges that I should know of other than sgx and cdp charges?
 

Kiljaeden

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Anyone know what is this management fee? (https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure)

I'm trying to make use of the $10 promo to get sti etfs ... any other charges that I should know of other than sgx and cdp charges?

The management fee I believe is only if you subscribe to their robo-advisor plan (i.e. they manage/invest your funds for you). If you're trading yourself there's no management fee.

No other charges other than trading fee 0.0325% and clearing fee 0.0075% (charged by SGX) plus 7% GST.
 

wahkao3

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i fast no good
the orders are too basic. no advance orders

not signing up
 

artemov

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The management fee I believe is only if you subscribe to their robo-advisor plan (i.e. they manage/invest your funds for you). If you're trading yourself there's no management fee.

No other charges other than trading fee 0.0325% and clearing fee 0.0075% (charged by SGX) plus 7% GST.

Thanks Kiljaeden ... the 7% GST is on the fees right, not the invested amount!!? Sorry I'm new ...
 

Kiljaeden

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Thanks Kiljaeden ... the 7% GST is on the fees right, not the invested amount!!? Sorry I'm new ...

Yep... example:
contract value = $1,000 for 1,000 shares of a counter @ $1.00 each
broker's comm = $25.00 + GST $1.75
clearing fee = $0.33 + GST $0.02
trading fee = $0.08 + GST $0.01
total cost of purchase = $1,027.18 <-- the final amount paid to broker.

Note: broker's comm is based on my own broker's charges and not iFast's, which is $10 +GST.
 
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artemov

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Yep... example:
contract value = $1,000 for 1,000 shares of a counter @ $1.00 each
broker's comm = $25.00 + GST $1.75
clearing fee = $0.33 + GST $0.02
trading fee = $0.08 + GST $0.01
total cost of purchase = $1,027.18 <-- the final amount paid to broker.

Thanks!!!!!

Oh DBS Vickers is having a first 3 trades free promotion on new accounts. Might use that to get my ETFs instead
---> https://www.dbs.com.sg/vickers/en/n...mo_newaccount_3freetrades_tnc_jun29_learnmore
 
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laurent_rio

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Hi ,

Can i say it is more profit to me to buy shares via DBS Vickers , only 10 SGD commision (with 5 sgd rebate) = 5 SGD and later sell via FSM One = 10 SGD

Considering you can sell your stock in CDP via FSMOne account ?

Is my understanding correct ?
 

Kiljaeden

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Hi ,

Can i say it is more profit to me to buy shares via DBS Vickers , only 10 SGD commision (with 5 sgd rebate) = 5 SGD and later sell via FSM One = 10 SGD

Considering you can sell your stock in CDP via FSMOne account ?

Is my understanding correct ?

Sure you can, as long as the stock is held in your CDP and not custodian (held by the broker you bought from). Do check and confirm with the brokers first!
 

artemov

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Sure you can, as long as the stock is held in your CDP and not custodian (held by the broker you bought from). Do check and confirm with the brokers first!

DBS Vickers should be CDP?
FSM is custodian?
 

klarklar

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Gold and Diamond clients of iFast who have assets starting from $200,000 are able to trade on the platform with a permanent $10 flat fee.

Does the $200k assets include equities bought on their platform or does the $200k only include unit trusts/funds bought on their platform that pays regular platform fees to iFast?
 
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