FSMOne web platform

[tulipkiss]

any Silver, Gold and Diamond clients transacting at $10 flat fee? i've hit the tier, but transaction fee is not flat rate of $10

 

[limpoop]

any Silver, Gold and Diamond clients transacting at $10 flat fee? i've hit the tier, but transaction fee is not flat rate of $10

if your aum is => $100k today, you need to wait for the next working day for your status to change

 

[limpoop]

Even after I sold my shares. I thought my funds will auto return to my linked DBS acc but no. It just sits at my cash acc until I order it to be paid to DBS then FSM will issue cheque to do so. I guess for those who want it auto into bank acc will have to sign GIRO form (which is what other brokerages are doing) I'm not sure if FSM has any GIRO form for us to sign in the 1st place

fsm got no giro or auto "link" to your bank, you need to withdraw from your cash account

same for dbs oet or kayhian, you sold your shares or dividend comes, the money will go back to the trading cash account, not your bank's saving account

 

[ChoiSeungHyun]

Yes, email them scanned copy or if you know how to type into their downloaded PDF form.

This is my question to them in April 2020:

Hi,

Your notice: "As part of the essential services in the finance and banking sector, full operations of FSMOne.com will continue as per normal even as FSMOne.com team works 100% from home. The FSMOne reception area will be closed with effect from 20 April 2020 (Monday), and walk-in customers will no longer be able to come into our office premises (until further notice)."

Thus as per your notice above, there will be nobody to process our forms as your "team works 100% from home." Can I submit by email with the scans of the CDP Account Linkage forms attached? Please advise.

This is their reply:

Dear ***,

Thank you for your email.

Yes, we accept the scan copy for the CDP linkage form during circuit breaker. Thus, please furnish us the form by replying this email.

We look forward to receiving your document soon.

Feel free to contact us if you require further assistance.

Thank you and have a pleasant day.

Regards,
Wan Hwa | Client Services | FSMOne


After Circuit Breaker, they are still working from home, as declared here:


https://secure.fundsupermart.com/fsm...on-1-june-2020

Important Notice with regard to COVID-19 (Coronavirus) [UPDATED ON 1 June 2020]
UPDATED ON 1 June 2020 - As part of the essential services in the finance and banking sector, full services of FSMOne.com will continue as per normal even as FSMOne.com team supports the business 100% from home. The FSMOne reception area will remain closed and walk-in customers will not be able to visit our office premises (until further notice). Please read this notice for more details.

thanks for the info. im surprised that FSMOne accepts softcopy whereas DBS Vickers diedie only accept hardcopy

 

[zzzzzz87]

question 2 of FAQ, dividend will go into cash account if you did not opt for auto-sweep accout

https://secure.fundsupermart.com/fsm/advice-services/faq/1619/

Yeah I saw this. But it doesn’t come in on the day of dividend right? Like today uob pay out dividend, but I don’t see it in my cash account yet.

No auto sweep account and haven’t linked bank account too.

 

[zzzzzz87]

thanks for the info. im surprised that FSMOne accepts softcopy whereas DBS Vickers diedie only accept hardcopy

Oh so good. I still send them the hard copy of the form recently.

 

[alt2015]

if your aum is => $100k today, you need to wait for the next working day for your status to change

Money in fsm cash account also considered as part of aum?

 

[goldnut]

Hi all,

If I were to lump sum an ETF like VT - say $5000

Then decide to switch to RSP and put in $500 per month,

Are they all held together or is there a separate category for RSP?

 

[776ALA]

Hi all,

If I were to lump sum an ETF like VT - say $5000

Then decide to switch to RSP and put in $500 per month,

Are they all held together or is there a separate category for RSP?

It will be in the same account.

 

[goldnut]

It will be in the same account.

Oh, ok, thanks.

 

[5408854088]

Yeah I saw this. But it doesn’t come in on the day of dividend right? Like today uob pay out dividend, but I don’t see it in my cash account yet.

No auto sweep account and haven’t linked bank account too.

usually just give it one or two days it will be in

 

[5408854088]

Hi all,

If I were to lump sum an ETF like VT - say $5000

Then decide to switch to RSP and put in $500 per month,

Are they all held together or is there a separate category for RSP?

it will be held as one and the unit cost will be averaged out

 

[wutawa]

Yeah I saw this. But it doesn’t come in on the day of dividend right? Like today uob pay out dividend, but I don’t see it in my cash account yet.

No auto sweep account and haven’t linked bank account too.

Payable date on 29 jun, not 15 jun

 

[wolverine23]

any Silver, Gold and Diamond clients transacting at $10 flat fee? i've hit the tier, but transaction fee is not flat rate of $10

I thought all clients will be at $10 flat or 0.08% commms?

 

[highsulphur]

any Silver, Gold and Diamond clients transacting at $10 flat fee? i've hit the tier, but transaction fee is not flat rate of $10

I am silver and bought etf on sgx at 10 flat for brokerage. Don't forget there are other charges by SGX such that your total transaction cost is more than 10.

The 10 is just brokerage charged by fsmone

 

[peppermint7]

I thought all clients will be at $10 flat or 0.08% commms?

Only for silver and above tier

https://secure.fundsupermart.com/fsm/article/view/15826/here-s-the-silver-lining-for-silver-clients-permanent-s-10-flat-fee-trading-for-sgx

 

[zzzzzz87]

Payable date on 29 jun, not 15 jun

Oh ya thanks lots!

 

[5408854088]

I thought all clients will be at $10 flat or 0.08% commms?

sliver and above is $10. non-sliver is $10 or 0.08% whichever is higher.

 

[wolverine23]

Only for silver and above tier

https://secure.fundsupermart.com/fsm/article/view/15826/here-s-the-silver-lining-for-silver-clients-permanent-s-10-flat-fee-trading-for-sgx

Wow, if I trade daily, each buy and sell is only $20 regardless of trading amount. that's fantastic.

I reckon I am paying CIMB around 2k of comms per month!

 

[tulipkiss]

I am silver and bought etf on sgx at 10 flat for brokerage. Don't forget there are other charges by SGX such that your total transaction cost is more than 10.

The 10 is just brokerage charged by fsmone

thanks glad to have someone confirmed that the $10 is true.

i know this may have been asked before but i dont see it in the past 11 pages..

by right transaction fees should be $10 + (0.04% of investment amount) for each SGX buy/sell.

//0.04% being the total of SGX clearing fees of 0.0325% and trading fees of 0.0075%.

i'm seeing various fee totals > $10 + 0.049%, $10 + 0.051%, $10 + 0.053%, $10 + 0.055% for my past transactions.