FSMOne web platform

[Moowoow]

deducted only if dividends are paid. if dividend is less than the minimum amount, they will only take whatever is that amount, will not deduct excess from your cash account.

Is it correct to understand the dividend handling fee apply only to usa stocks, and not hk stocks?

 

[5408854088]

Is it correct to understand the dividend handling fee apply only to usa stocks, and not hk stocks?

no dividend handling fee for HKEX. for SGX, it is 'applicable on US based ETF/Stocks'. not too sure what it means.

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

 

[lancer6238]

deducted only if dividends are paid. if dividend is less than the minimum amount, they will only take whatever is that amount, will not deduct excess from your cash account.

I saw the sentence "subject to minimum USD 2.50" for the US exchanges in the link you posted and thought they would deduct at least $2.50?

 

[reddevil0728]

I saw the sentence "subject to minimum USD 2.50" for the US exchanges in the link you posted and thought they would deduct at least $2.50?

you need to read it as a whole...

1% of gross dividend
(subject to minimum USD 2.50 to maximum USD 25)

 

[lancer6238]

you need to read it as a whole...

1% of gross dividend
(subject to minimum USD 2.50 to maximum USD 25)

Sorry, my English is not good.

So this min/max limit is applied to the "gross dividend" (and not the 1% fee we pay), i.e. if dividend is more than $25, the fee is only 1% of $25, and if the dividend is less than $2.50, then it's the full dividend? And any amount in-between will just be charged 1%?

I wrongly interpreted it as similar to commission fees where it's a percentage, but subjected to a minimum fee.

 

[5408854088]

Sorry, my English is not good.

So this min/max limit is applied to the "gross dividend" (and not the 1% fee we pay), i.e. if dividend is more than $25, the fee is only 1% of $25, and if the dividend is less than $2.50, then it's the full dividend? And any amount in-between will just be charged 1%?

I wrongly interpreted it as similar to commission fees where it's a percentage, but subjected to a minimum fee.

hope this helps

https://forums.hardwarezone.com.sg/127312693-post633.html

 

[reddevil0728]

Sorry, my English is not good.

So this min/max limit is applied to the "gross dividend" (and not the 1% fee we pay), i.e. if dividend is more than $25, the fee is only 1% of $25, and if the dividend is less than $2.50, then it's the full dividend? And any amount in-between will just be charged 1%?

I wrongly interpreted it as similar to commission fees where it's a percentage, but subjected to a minimum fee.

If 1% of gross dividend is between $2.50 and $25, then the amount will be 1% of gross dividend.

if 1% of gross dividend is more than or equals to $25, then it will be $25.

If 1% of gross dividend is less than or equals to $2.50 then it will be $2.50 and if your net dividend (i.e. after withholding tax) is $2.50 or less, you will just get $0. you end up receiving nothing.

 

[Moowoow]

Stanchart one has no dividend handling fee rite?

 

[wutawa]

Sorry, my English is not good.

So this min/max limit is applied to the "gross dividend" (and not the 1% fee we pay), i.e. if dividend is more than $25, the fee is only 1% of $25, and if the dividend is less than $2.50, then it's the full dividend? And any amount in-between will just be charged 1%?

I wrongly interpreted it as similar to commission fees where it's a percentage, but subjected to a minimum fee.

div < $2.50, fee = div
div < $250, fee = $2.50
div < $2500, fee = 1% × div
div > $2500, fee = $25

 

[Sadisticnoob]

Sorry, my English is not good.

So this min/max limit is applied to the "gross dividend" (and not the 1% fee we pay), i.e. if dividend is more than $25, the fee is only 1% of $25, and if the dividend is less than $2.50, then it's the full dividend? And any amount in-between will just be charged 1%?

I wrongly interpreted it as similar to commission fees where it's a percentage, but subjected to a minimum fee.

if your dividend is less than 2.50 usd , you get 0 dividend.

If its less than 250 USD then its 2.50 usd (1%)

 

[smallboi09]

Hi experts, is there a way to view my "live" P&L on the app? I am only to see it on the desktop web version

 

[highsulphur]

Hi experts, is there a way to view my "live" P&L on the app? I am only to see it on the desktop web version

trade /view portfolio

 

[smallboi09]

trade /view portfolio

Thanks! 10char

 

[Captain89]

how to find own referral link for FSMOne?

 

[5408854088]

It seems like FSMOne now has the feature where it would auto-convert the desired currency from SGD when you subscribe to a non-SGD ETF RSP.

https://secure.fundsupermart.com/fsm/article/view/rcms217540/what-s-new-on-fsmone-com-december-2020-hello-enhancements

I've not tried it, but it seems like it would really allow for an automatic, hands-off RSP. Not sure if existing RSP would have to be terminated, and reapplied to do this, and when the currency conversion would be done (maybe on the 8th when they earmark the funds?).

Currently, I have to manually convert the funds from SGD to the desired currency before the 8th every month.

actually since they have this auto convert feature, they should also enable the investment amount to be taken in SGD which makes things even more simplified.

example: user can invest S$1k in a counter then they auto convert to USD. from there, the number of units can be purchased accordingly

 

[lancer6238]

Yeah, that would make it even more convenient, since I decide how much to buy in SGD, then mentally do the conversion for RSP amount.

 

[Opps-gal]

actually since they have this auto convert feature, they should also enable the investment amount to be taken in SGD which makes things even more simplified.

example: user can invest S$1k in a counter then they auto convert to USD. from there, the number of units can be purchased accordingly

Are they going to exchange on 8 of each month? Manually change then can see exchange rate?

 

[5408854088]

Are they going to exchange on 8 of each month? Manually change then can see exchange rate?

not sure about this. didn't go for the "auto-convert" feature

 

[JustDoLor]

Wow, first time do withdrawal didn’t know take soo long.. is like as though FSM is issuing “physical cheque” to the bank ah?

Mon 4-Jan:
Early morning submit withdrawal for SGD Cash

Tues 5-Jan :
~6pm, DBS account indicating funds available within 1 business day

Wed 6-Jan:
Now just checked, funds available after 2pm on a business day.

Phew!

Luckily I still have some movable funds somewhere else to settle my outstanding orders...

 

[reddevil0728]

Wow, first time do withdrawal didn’t know take soo long.. is like as though FSM is issuing “physical cheque” to the bank ah?

Mon 4-Jan:
Early morning submit withdrawal for SGD Cash

Tues 5-Jan :
~6pm, DBS account indicating funds available within 1 business day

Wed 6-Jan:
Now just checked, funds available after 2pm on a business day.

Phew!

Luckily I still have some movable funds somewhere else to settle my outstanding orders...

First time withdrawal yes.

https://secure.fundsupermart.com/fsm/advice-services/faq/9021/

Refer “11. When will I receive my Cash Account withdrawal money?”