FSMOne web platform

[henrylbh]

Do FSM or DBS vicker cash upfront allows queueing of several orders of 100k plus without actual upfront cash? Can contra trade?

 

[highsulphur]

Do FSM or DBS vicker cash upfront allows queueing of several orders of 100k plus without actual upfront cash? Can contra trade?

I don't think so. Needs to be fully funded regardless amount

 

[MichealScott]

If DBS cash upfront is same fees as FSM and is under CDP, why would people still use FSM if you have under 100k?

Sent from Stamford Bridge using GAGT

 

[highsulphur]

If DBS cash upfront is same fees as FSM and is under CDP, why would people still use FSM if you have under 100k?

Sent from Stamford Bridge using GAGT

Even under 100k, fsmone is cheaper at 0.08% compares with 0.12%. And it applies to sell orders too.

Also some may start with fsmone with the intention of hitting 100k eventually where the fixed 10 commission is unbeatable

 

[makav31i]

If DBS cash upfront is same fees as FSM and is under CDP, why would people still use FSM if you have under 100k?

Sent from Stamford Bridge using GAGT

FSM is 0.08% or minimum $10...DBS Vickers Cash Upfront is 0.12% or minimum $10...FSM is slightly cheaper than DBS Cash Upfront Account depending on your amount...I think some still stick with FSM as a convenience...You see so many people asking to transfer their SGX holding from one broker to another broker to consolidate all their holdings with a broker...End of the day, it really depends on what you trying to achieve lor...

 

[tiertime]

Even under 100k, fsmone is cheaper at 0.08% compares with 0.12%. And it applies to sell orders too.

Also some may start with fsmone with the intention of hitting 100k eventually where the fixed 10 commission is unbeatable

based on 99k, the savings in commission is $39+ right? but how secure is FSM... ?

a but off topic, but if we put money in a bank, we are secured by SDIC $75k, if we invest in DBS vickers/ FSM (or deposit in their cash account) are our funds secured in any way?

 

[makav31i]

based on 99k, the savings in commission is $39+ right? but how secure is FSM... ?

a but off topic, but if we put money in a bank, we are secured by SDIC $75k, if we invest in DBS vickers/ FSM (or deposit in their cash account) are our funds secured in any way?

Just one question before I reply, have you invested any money before?

 

[limster]

Just one question before I reply, have you invested any money before?

if people with zero investing knowledge suddenly appear in MM/SSI wanting to open brokerage accounts and trade shares, maybe we haven't reached the bottom yet!

 

[highsulphur]

if people with zero investing knowledge suddenly appear in MM/SSI wanting to open brokerage accounts and trade shares, maybe we haven't reached the bottom yet!

Why? Everyone has to start somewhere

 

[limster]

Why? Everyone has to start somewhere

it shows that greed > fear, so bottom is not reached yet.

 

[iduncheckmail]

If DBS cash upfront is same fees as FSM and is under CDP, why would people still use FSM if you have under 100k?

Sent from Stamford Bridge using GAGT

U cannot execute CDP buy order with FSM. Only sell.
So it’s not like-for-like comparison .

 

[tiertime]

Just one question before I reply, have you invested any money before?

i have an account with FSM for many years , but these few years i didnt place any buy trade (SG Stocks) with them

i do not remember very clearly how to place trades

Anyone uses the auto sweep feature?? Any risk or things to consider? Thanks!

anyone answered this already ?

 

[Joseph99]

Hi all,
I understand that for all silver tie customer, the min commission is $10. So if i sign up, i will be automatically a silver tier customer ? Thanks.

 

[Kippoer]

No, need to have 100k AUA

Hi all,
I understand that for all silver tie customer, the min commission is $10. So if i sign up, i will be automatically a silver tier customer ? Thanks.

 

[tiertime]

No, need to have 100k AUA

is it if sign up and transfer 100k in Cash account, will automatically become Silver customer, then buy any amount of SG stock will be flat commission $10 ?

 

[Kippoer]

Yup, +1 business day after hit 100k.

is it if sign up and transfer 100k in Cash account, will automatically become Silver customer, then buy any amount of SG stock will be flat commission $10 ?

 

[tiertime]

i just chance upon this page for the list of investors, if anyone is interested to know (updated 13 Mar 2020) :
http://www.ifastcorp.com/ifastcorp/investor-relations/unitholder-statistics.tpl

 

[highsulphur]

Hi all,
I understand that for all silver tie customer, the min commission is $10. So if i sign up, i will be automatically a silver tier customer ? Thanks.

It's not min. It's flat 10 for silver tier clients and above...

 

[tiertime]

if buy the SG Bank stocks using FSM, will they give us the same amount of Dividend $ as compared we buying using the DBS Vickers platform ?

coz i read somewhere that FSM has dividend handling charge

 

[limster]

if buy the SG Bank stocks using FSM, will they give us the same amount of Dividend $ as compared we buying using the DBS Vickers platform ?

coz i read somewhere that FSM has dividend handling charge

instead of reading the FSM website for the actual charges, you prefer to believe anonymous internet posts