FSMOne web platform

[Sadisticnoob]

For buying Reits(MNACT) is it only have to activated the all products/securities form?Thanks

no need reits are not under SIP.

 

[makav31i]

no need reits are not under SIP.

To be honest filling up the CKA/CAR and W-8BEN only take less than a minute to complete...Might as well just do it as you never know when you might need it...

 

[abkt99]

no need reits are not under SIP.

Thank you.

 

[tongbuaydiao]

Quite new to fsm, may i check with experienced fsm users here if let's say i sell a sgx stock on tues, by when can i expect the money to be in my cash account for withdrawal? What i noticed is that when you sell a stock u can immediately use the proceeds to buy another stock again but the money doesn't immediately becomes available for withdrawal? Gotta wait how long for it to appear in cash account for withdrawal any idea?

 

[Sadisticnoob]

Quite new to fsm, may i check with experienced fsm users here if let's say i sell a sgx stock on tues, by when can i expect the money to be in my cash account for withdrawal? What i noticed is that when you sell a stock u can immediately use the proceeds to buy another stock again but the money doesn't immediately becomes available for withdrawal? Gotta wait how long for it to appear in cash account for withdrawal any idea?

Same as usual nornal brokerage t+3

Sent from HUAWEI INE-LX2R using GAGT

 

[Bishio]

Hi fsmone users

May I know is there handling fee etc for dividends, rights etc collected for sgx stocks?

I understand there is for us stocks.

 

[makav31i]

Hi fsmone users

May I know is there handling fee etc for dividends, rights etc collected for sgx stocks?

I understand there is for us stocks.

Read this thing...

https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure

 

[duhduhduh]

I am so confuse with the Monthly RSP.

It seems like I cannnot use my monie in my Auto sweep account to pay for the USD RSP? I have to do FX myself?

 

[harryhan123]

I am a regular investor and perform the following transactions. I searched the FSMOne site and cannot find answers for these...really appreciate FSMOne experts here can help with any of the following qns:

1. What is commission for buying Singapoee stocks with cash upfront but I want the stock to go to my CDP instead of a custodian account. Is it possible with FSMOne for it to go into my CDP...and what is the commission?

2. Once in a while I purchase US stocks. So far the exhange rate using POEMS is horrendous - I try not to look at it remember it can be 0.5-1% off the spot which is higher than the commisions for buying. How is FSMOne forex rate what is it like?

3. I purchase sg stocks using CPFIS. Can FSMOne be used for this what is the commission?...

4. For unit trust i use DollarDex. How does this compare with FSMOne?


I am wondering if i should just open FSMOne for US stocks ..this is where i am most dissatisfied with my present broker.

For cash upfront for sg stocks i am quite happy with DBS Vickers which charges 0.12% $10 min and stocks go direct into CDP. The advantage of having it in CDP But for corporate action like rights, delisting etc will be easier to handle and annual reoorts plus occasional attendence of AGM. Not sure how well a custodian account work for these things.

 

[iduncheckmail]

I am a regular investor and perform the following transactions. I searched the FSMOne site and cannot find answers for these...really appreciate FSMOne experts here can help with any of the following qns:

1. What is commission for buying Singapoee stocks with cash upfront but I want the stock to go to my CDP instead of a custodian account. Is it possible with FSMOne for it to go into my CDP...and what is the commission?

2. Once in a while I purchase US stocks. So far the exhange rate using POEMS is horrendous - I try not to look at it remember it can be 0.5-1% off the spot which is higher than the commisions for buying. How is FSMOne forex rate what is it like?

3. I purchase sg stocks using CPFIS. Can FSMOne be used for this what is the commission?...

4. For unit trust i use DollarDex. How does this compare with FSMOne?


I am wondering if i should just open FSMOne for US stocks ..this is where i am most dissatisfied with my present broker.

For cash upfront for sg stocks i am quite happy with DBS Vickers which charges 0.12% $10 min and stocks go direct into CDP. The advantage of having it in CDP But for corporate action like rights, delisting etc will be easier to handle and annual reoorts plus occasional attendence of AGM. Not sure how well a custodian account work for these things.

1) NO.
The rest TLDR.
If you are really a “regular investor” , u don’t need to ask these questions .

 

[makav31i]

I am a regular investor and perform the following transactions. I searched the FSMOne site and cannot find answers for these...really appreciate FSMOne experts here can help with any of the following qns:

1. What is commission for buying Singapoee stocks with cash upfront but I want the stock to go to my CDP instead of a custodian account. Is it possible with FSMOne for it to go into my CDP...and what is the commission?

Look here for pricing...

https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure

In case you cannot read, it is 0.08% or minimum S$10 plus SGX fees and GST...You can't choose for it to go to your CDP directly but you can transfer from FSM to your CDP for free by filling up a form...Can learn about it here...

https://secure.fundsupermart.com/fsm/advice-services/faq/2195/

If it is too tedious, stick to DBS Vickers Cash Upfront Account...

2. Once in a while I purchase US stocks. So far the exhange rate using POEMS is horrendous - I try not to look at it remember it can be 0.5-1% off the spot which is higher than the commisions for buying. How is FSMOne forex rate what is it like?

Should be 0.25% if I remember correctly...

3. I purchase sg stocks using CPFIS. Can FSMOne be used for this what is the commission?

No...

I am wondering if i should just open FSMOne for US stocks ..this is where i am most dissatisfied with my present broker.

For cash upfront for sg stocks i am quite happy with DBS Vickers which charges 0.12% $10 min and stocks go direct into CDP. The advantage of having it in CDP But for corporate action like rights, delisting etc will be easier to handle and annual reoorts plus occasional attendence of AGM. Not sure how well a custodian account work for these things.

I will say open as many broker account as you like since it is free anyway and you can utilize promotion when opening an account with a broker such as first 5 trades for free (DBS Vickers promo)...You are not being rewarded for loyalty with one broker, if tomorrow a broker giving promotion for RSP lower than FSM, I'm sure most of the people here will jump ship to the other broker without second thoughts...If you are worried about custodian, you can always transfer it to your CDP...

 

[makav31i]

I am so confuse with the Monthly RSP.

It seems like I cannnot use my monie in my Auto sweep account to pay for the USD RSP? I have to do FX myself?

That's why I do not opt in for Auto Sweep Account and manually convert my SGD to USD and change my RSP amount monthly...It doesn't even take one minute in a month to do all that...

 

[KGuanZ]

Planning to use fsmone to do monthly RSP for VOO, understood that purchase is made on every 8th of the month. Does it mean that it using the closing rate on the 8th to do the transaction?

E.g 8th of June fall on a Monday in Singapore, will the price based on today or Monday us market closing rate?

 

[makav31i]

Planning to use fsmone to do monthly RSP for VOO, understood that purchase is made on every 8th of the month. Does it mean that it using the closing rate on the 8th to do the transaction?

E.g 8th of June fall on a Monday in Singapore, will the price based on today or Monday us market closing rate?

Read this...

https://secure.fundsupermart.com/fsm/advice-services/faq/2073/

Who told you they purchased on the 8th?

 

[klanddt]

On 8th your money will be earmarked for your choice of ETF purchase. And the execution will occur on the next working day.

If 8th is not a working day then the execution will occur on the day after next.

And if you RSP why do you care about what is your transaction price? It will be what it is and then you carry on next month.

Planning to use fsmone to do monthly RSP for VOO, understood that purchase is made on every 8th of the month. Does it mean that it using the closing rate on the 8th to do the transaction?

E.g 8th of June fall on a Monday in Singapore, will the price based on today or Monday us market closing rate?

 

[haohaowan2]

Hi Guys,

I am new to FSM too.. how you guys deposit USD money into the account?
As i would like to trade in US stocks. If I transfer cash from bank to FSM, which is in SGD, how to convert to USD or we can trade US stock using SGD they will convert?

 

[tulipkiss]

Hi Guys,

I am new to FSM too.. how you guys deposit USD money into the account?
As i would like to trade in US stocks. If I transfer cash from bank to FSM, which is in SGD, how to convert to USD or we can trade US stock using SGD they will convert?

you can do the exchange here before trading.
https://secure.fundsupermart.com/fsm/cash/foreign-exchange-rates

 

[assiak71]

Not familiar with fsmone

If i fast in $100k cash (does this qualify to be Silver?). Will i automatically be able to get $10 flat commission for the next sgx trade?

 

[_dXter]

Think now there's $10 per trade promo ($10 in equivalent currency for different market) regardless of how much you put in, so don't worry too much. You should better address your question to fsmone.

 

[pylpoh]

completed my first es3 rsp yesterday. anyone knows where i can find out the purchase price? i think the investment amount shown in myholdings, includes the $1 fees paid.