FSMOne web platform

[direbmem]

Free RSP ending in Nov, not Dec? But what do they gain sia from free RSP, other than the forex conversion?

 

[elvintay07]

Anyone managed to withdraw USD from FSM one to (1) interactive brokers account (2) Standard chartered USD account?

 

[limster]

last time FSMOne would simply write a USD cheque and deposit in the cheque deposit box of Standard Chartered, so USD transfer was FoC.

sadly, MAS told them to stop using cheques, so now they TT and apparently SCB will charge for incoming TT... i haven't tried yet, maybe someone can share.

 

[highsulphur]

Yeah last time I can withdraw usd to dbs foc. Haven't tried since they stopped the cheque thing. Maybe I will transfer my USD holdings to dbs vickers

 

[narutos]

Months ago I withdrew about USD$>100k from Fsmone to DBS USD, it took 2 business days and the total fee is about USD$76. Dbs charged about $7, wire transfer don't know who charged about $69.

 

[Leaden]

I guess FSMOne extended their 0% processing fee again this year.
This is the 3rd year liao.

https://secure.fundsupermart.com/fs...joy-0-processing-fees-on-fsmone-com-s-etf-rsp

 

[duhduhduh]

I guess FSMOne extended their 0% processing fee again this year.
This is the 3rd year liao.

https://secure.fundsupermart.com/fs...joy-0-processing-fees-on-fsmone-com-s-etf-rsp

woohoo!
I assume they work off the flow orders when people buy/sell as well?

Anyway the problem with their RSP is the lack of flexibility to choose dates. I find that every 8th of the month, you will realize you will buy at one of the monthly highs for your ETF.

 

[reddevil0728]

woohoo!
I assume they work off the flow orders when people buy/sell as well?

Anyway the problem with their RSP is the lack of flexibility to choose dates. I find that every 8th of the month, you will realize you will buy at one of the monthly highs for your ETF.

But past performance does not indicate future outcome.

it’s possible that when you change date, that date going forward might the highs

anyway which platform allows to choose date?

 

[direbmem]

woohoo!
I assume they work off the flow orders when people buy/sell as well?

Anyway the problem with their RSP is the lack of flexibility to choose dates. I find that every 8th of the month, you will realize you will buy at one of the monthly highs for your ETF.

You mean FSM got pfof? Ya I also realised that for past year, when I see market cheong on RSP day really heart pain..

 

[limster]

maybe some blogger should do an analysis of whether prices on FSMOne RSP day are higher than the average price for the whole month. it would be interesting for data to prove / disprove the perception

To reduce transaction costs it would seem logical for FSMOne to nett off the RSP buy/sell orders, if they are allowed to do that.

I also wonder how about they deal with front-running if traders know that FSMOne is 'forced' to buy on a certain date to fulfil its RSP orders. If the ETF has huge volume probably not a big issue, but if it is a smaller volume ETF, there could be an issue.

 

[duhduhduh]

maybe some blogger should do an analysis of whether prices on FSMOne RSP day are higher than the average price for the whole month. it would be interesting for data to prove / disprove the perception

To reduce transaction costs it would seem logical for FSMOne to nett off the RSP buy/sell orders, if they are allowed to do that.

I also wonder how about they deal with front-running if traders know that FSMOne is 'forced' to buy on a certain date to fulfil its RSP orders. If the ETF has huge volume probably not a big issue, but if it is a smaller volume ETF, there could be an issue.

Can be a good one day project using python lol

Can try with tickers like VOO and 2846.HK

 

[lzydata]

Sorry, does anyone know if FSMOne allows trading on the unit share market (odd lots)?

And are the fees similar to regular SGX trading - flat $8.80?

Thanks in advance!

 

[reddevil0728]

Sorry, does anyone know if FSMOne allows trading on the unit share market (odd lots)?

And are the fees similar to regular SGX trading - flat $8.80?

Thanks in advance!

Went to google fsmone odd lot and this is the first hit I got

https://secure.fundsupermart.com/fsm/advice-services/faq/8002/

 

[lzydata]

Went to google fsmone odd lot and this is the first hit I got

https://secure.fundsupermart.com/fsm/advice-services/faq/8002/

Yes but (1) the explanation is vague.

It will be subjected to the same online commission rates for odd lot trades done through our Trading Representatives.

(2) I was hoping if others had experience actually doing this. I don't have a FSMOne account and don't want to sign up for it if it doesn't work.

 

[reddevil0728]

Yes but (1) the explanation is vague.

It will be subjected to the same online commission rates for odd lot trades done through our Trading Representatives.

(2) I was hoping if others had experience actually doing this. I don't have a FSMOne account and don't want to sign up for it if it doesn't work.

Can call in / email or I think they got chat to ask

 

[Leaden]

Seems like FSMOne added 17 more ETFs for their RSP.

 

[firexed]

Sorry, does anyone know if FSMOne allows trading on the unit share market (odd lots)?

And are the fees similar to regular SGX trading - flat $8.80?

Thanks in advance!

I sold my odd lots yesterday - you have to call in. Yes, $8.80

 

[vsvs24]

I sold my odd lots yesterday - you have to call in. Yes, $8.80

You sold from CDP ?

 

[firexed]

You sold from CDP ?

Yes

 

[lzydata]

I sold my odd lots yesterday - you have to call in. Yes, $8.80

You sold from CDP ?

I asked FSMOne and their customer support confirmed that odd lots will get charged $8.80 fee too. Both cash as well as CPFIS / SRS. The fee excludes GST and SGX related charges, but that's fine with me.

And their customer support responds really fast