FSMOne web platform

[Sinkie]

Cheaper than scb sia

 

[L'oreal Paris]

Bookmark bookmark

 

[L'oreal Paris]

This 1 also custodian?

 

[OngHuatHuat]

This 1 also custodian?

Should be.
That's why they can waive off the Cdp charges.

 

[mushroom_head]

Can buy overseas ETFs?

 

[waxqube]

Can buy overseas ETFs?

"Our platform provides you with access to the stock markets in Singapore and Hong Kong"

"Your stocks and ETFs holdings are held under a custody account with iFAST Financial Pte Ltd (‘iFAST”), a licensed custodian under the Monetary Authority of Singapore."

"There are no custody fees for SGX-listed and HKEX-listed stocks and ETFs in your FSMOne Account."

Taken from their FAQs. Was looking for any recurring fees...

The deal seems a bit too sweet!

 

[stjoe1]

FSM is the one that introduce platform fee for unit trust?

I will not be so excited about this if comes from the same company.

After you put in money and invest stocks, ETFs in their custodian then later change T&C introduce new fees for this and that, will be costly and troublesome to move out the holdings

 

[stjoe1]

I guess I am right ..

Other forumer spotted this in other thread

----
Don't buy ETFs with this though.. they charge platform fees for ETFs! 0.0875% per quarter.

https://secure.fundsupermart.com/fsm...cing-structure
----

 

[onlybuyneversell]

I guess I am right ..

Other forumer spotted this in other thread

----
Don't buy ETFs with this though.. they charge platform fees for ETFs! 0.0875% per quarter.

https://secure.fundsupermart.com/fsm...cing-structure
----

If got charges every quarter means not worth it liao.

 

[xtwis7]

Do they have a local office/branch?

 

[kehyi4]

ST: Web platform offers cheaper commissions on stocks, ETFs

An online platform out today lets investors trade Singapore and Hong Kong stocks and exchange- traded funds (ETFs) at cheaper commission rates as well as access insurance products and other services.

FSMOne (www.fsmone.com), which was devised by online unit-trust distributor Fundsupermart.com, charges 0.12 per cent of a stock trade and 0.08 per cent of an ETF trade.

It has a minimum charge of $10 for Singapore stocks and ETFs and HK$50 (S$9) for Hong Kong's.

Most brokerages here charge retail investors about $25 in brokerage fee per transaction to buy and sell Singapore shares online, regardless of the trade's value.

"Most stockbrokers in Singapore are still counting on revenue from stockbroking transactions, whereas we started from offering unit trusts as our own business," said Mr Lim Chung Chun, chairman and chief executive of iFast, which has Fundsupermart.com and FSMOne under its stable.

"The stockbroking business is an add-on product for us and the incremental cost to do that isn't high."

Mainboard-listed iFast is an Internet-based investment products distribution platform, with assets under administration of about $6 billion as at Sept 30.

There are no sales charges for all funds and unit trusts, and five investment portfolios created by robo-advisers are available with no sales charge.

The robo-advisers have created investment solutions that automate functions such as constant tweaking of asset allocation strategies in the portfolio of financial products an investor chooses to invest in.

FSMOne account holders who are accredited investors can also immediately buy selected bonds from just $5,000, as opposed to the market practice of starting from $250,000 for a wholesale bond.

The platform is also offering insurance products, "with a transparent fee and commission rebate structure of 30 to 40 per cent for clients", said Mr Lim.

"Our fee and commission rebate structure is clearly spelt out to investors for the purchase of insurance products, which have historically been plagued by an opaque commission structure," he added.

"This often works in favour of the bankers and agents selling the products, but at the expense of clients."

 

[uncle168]

https://secure.fundsupermart.com/fsm/#!/advice-services/faq-answer/230/2

Cash Account – Cash account monies are deposited in a bank account opened with Standard Chartered Bank (SCB). This bank account is designated as a trust account, in which the monies on held on behalf of the customers and cannot be used to off set any debts owed by the company to the bank.

5. What if Fundsupermart.com ceases as a business concern?
Fundsupermart.com is owned by iFAST Financial Pte Ltd. As of January 2005, it is the largest non-bank distributor of unit trusts in Singapore. One of the shareholders is SPH AsiaOne Ltd, the Internet arm of Singapore Press Holdings, Singapore's largest media group. In the unlikely event that iFAST Financial ceases as a business concern, with your permission, all your assets will be transferred to another distributor. Either that, or they will be returned to you.

if ifast collapse all your money will be gone

i stick to iocbc better all the stock i buy under my name

 

[Asphodeli]

wah piang, next time must watermark my pics liao

 

[Asphodeli]

Because the FSMone site is in a mess, here are the critical details:

 

[Mancunian2]

where is the table of commission charges?

can't find it on their messy website

 

[strangerjun]

wah... can play hk stock market. 9 dollars! Anywhere cheaper?

 

[kehyi4]

where is the table of commission charges?

can't find it on their messy website

FSM Pricing

New to FSM -> Pricing Structure

 

[Asphodeli]

wah... can play hk stock market. 9 dollars! Anywhere cheaper?

yup very likely the cheapest in town for non-PB investors...

 

[stjoe1]

Dun buy ETF from them ..

Per annum platform fee already 0.0875% × 4 = 0.35% .. Crazy it is almost the same total expense ratio for ETF

I guess I am right ..

Other forumer spotted this in other thread

----
Don't buy ETFs with this though.. they charge platform fees for ETFs! 0.0875% per quarter.

https://secure.fundsupermart.com/fsm...cing-structure
----

 

[Mancunian2]

Hopefully, the other broking houses can lower their pre-funded comms structure to match this

Kim Eng, SCB, CIMB comes to mind .....