FSMOne web platform

[MichealScott]

I bought $1.8k worth of a counter but the fees is not $8.80 but $10.50. Any idea why? Even if count GST, also won't hit $10.50..

 

[reddevil0728]

I bought $1.8k worth of a counter but the fees is not $8.80 but $10.50. Any idea why? Even if count GST, also won't hit $10.50..

still need to factor clearing fee, trading fee, etc.

 

[Renzhe01]

I bought $1.8k worth of a counter but the fees is not $8.80 but $10.50. Any idea why? Even if count GST, also won't hit $10.50..

It's roughly there.
Clearing + trading = 0.04%
Settlement = $0.35
Gst is 7% of (8.8 + clearing + trading + settlement)
So = 1.07 * (8.8 + 0.0004*1800 + 0.35)

 

[Leaden]

The free RSP promo extended till Dec? Wonder if those who enjoy current promo till July can continue to take part in the new RSP promo..

Great! 0% fee extend to dec... looks like i'll continue dca sgx, hkex, nyse etfs here. I was planning to switch to other no min fee brokers for sgx etfs.

https://secure.fundsupermart.com/fs...processing-fee-for-etf-rsp-till-december-2021

 

[MichealScott]

It's roughly there.
Clearing + trading = 0.04%
Settlement = $0.35
Gst is 7% of (8.8 + clearing + trading + settlement)
So = 1.07 * (8.8 + 0.0004*1800 + 0.35)

Ah...Thanks. Only saw the 0.04% but not the 0.35.

 

[duhduhduh]

Hello all,

Just to check for FSM - all buy will be custodized with FSM?
And just to check if we are using SRS account, it will work the same way as well? Aka we place the trade. Once it is filled, we will ensure SRS has sufficient cash prior to settlement T+2?

 

[reddevil0728]

Hello all,

Just to check for FSM - all buy will be custodized with FSM?
And just to check if we are using SRS account, it will work the same way as well? Aka we place the trade. Once it is filled, we will ensure SRS has sufficient cash prior to settlement T+2?

Fsm is custodian

 

[Renzhe01]

Hello all,

Just to check for FSM - all buy will be custodized with FSM?
And just to check if we are using SRS account, it will work the same way as well? Aka we place the trade. Once it is filled, we will ensure SRS has sufficient cash prior to settlement T+2?

FSM is custodian acc but according to their CS, they allow you to transfer to CDP for free as long never change ownership.

Not sure about SRS but their CS told me for CPF-OA, there is a limit of 50k even though you have sufficient cash in CPF. You may want to check with their CS further on how to raise the limit. I was told the 50k is a per txn limit which means if you want to trade 100k, you need to txn 2 times. Not sure why they don't allow full limit and force you to do multiple txns. But i guess if they do not raise the limit, there is nothing we can do.

 

[sang]

FSM is custodian acc but according to their CS, they allow you to transfer to CDP for free as long never change ownership.

Not sure about SRS but their CS told me for CPF-OA, there is a limit of 50k even though you have sufficient cash in CPF. You may want to check with their CS further on how to raise the limit. I was told the 50k is a per txn limit which means if you want to trade 100k, you need to txn 2 times. Not sure why they don't allow full limit and force you to do multiple txns. But i guess if they do not raise the limit, there is nothing we can do.

FSM is a brokerage, not a custodian. iFAST is the custodian. If you trade via with SRS, the shares will be with your agent bank. Neither FSM or iFAST will hold your assets bought with SRS.

 

[reddevil0728]

FSM is a brokerage, not a custodian. iFAST is the custodian. If you trade via with SRS, the shares will be with your agent bank. Neither FSM or iFAST will hold your assets bought with SRS.

I don’t think that’s what poster is suggesting.

poster is saying, SGX shares bought on FSM1 is under custodian account. Not that they are custodian.

 

[Renzhe01]

FSM is a brokerage, not a custodian. iFAST is the custodian. If you trade via with SRS, the shares will be with your agent bank. Neither FSM or iFAST will hold your assets bought with SRS.

Maybe not being too clear when i was replying to the post. The context was actually referring to shares bought is under custodian or goes to CDP.

Regarding the SRS, the context is on limit for trade imposed by platform (Not whether SRS has sufficient cash) rather than where the share goes.

 

[Renzhe01]

I don’t think that’s what poster is suggesting.

poster is saying, SGX shares bought on FSM1 is under custodian account. Not that they are custodian.

Spot on. yes.

 

[torrent06]

One thing I don’t like about FSMOne app is it is laggy when updating the bid and ask prices. Also no chart for intraday.

 

[Renzhe01]

Ya, interface wise seems like Moo Moo and Tiger are better and have more information (maybe because current providing free L2 market data). Not sure about the laggy part but good to know. Will take note of this.

 

[Pocoyoz]

can apply for excess rights using FSM?


Sent from Pocoyo Fan Club

 

[reddevil0728]

can apply for excess rights using FSM?


Sent from Pocoyo Fan Club

Ur stocks held with fsm?

 

[Pocoyoz]

Ur stocks held with fsm?

yes....


Sent from Pocoyo Fan Club

 

[reddevil0728]

yes....


Sent from Pocoyo Fan Club

Suggest contacting them.

might need to do it manually

 

[hwckhs]

The thread title is too outdated. Should have reflected the "Permanent S$8.80 Flat Processing Fees* for SGX Stocks/ETFs". Can update?

P/S: Camping in this thread to catch future updates and to learn the ins and outs of FSMOne.

 

[reddevil0728]

The thread title is too outdated. Should have reflected the "Permanent S$8.80 Flat Processing Fees* for SGX Stocks/ETFs". Can update?

P/S: Camping in this thread to catch future updates and to learn the ins and outs of FSMOne.

i think can report the first post and inform mod.