FSMOne web platform

[spearhawk]

just to confirm what I have read, for RSP into ETF like ES3 and CLR, there is no platform fees right?
only fees are buying fee which is 0.08% or min SGD 1.

 

[duhduhduh]

just to confirm what I have read, for RSP into ETF like ES3 and CLR, there is no platform fees right?
only fees are buying fee which is 0.08% or min SGD 1.

No "processing fees" - the US exchange fees applies

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

 

[spearhawk]

No "processing fees" - the US exchange fees applies

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

for SGD ETF, should not have US exchange fees right?

 

[Leaden]

for SGD ETF, should not have US exchange fees right?

For ETF RSP in SGX, no processing fees means no 0.08% and $1 fee.
But got SGX fees, and gst on those sgx fees, so roughly more than 40 cents.

Same for HKEX etfs, also got HKEX fees, and gst.
US ETFs, because no buying exchange fees, so no gst as well.

 

[spearhawk]

also does FSM has options to reinvest dividends under rsp or they will credit dividends to you and you need to manually adjust to buy more?

i used to be from poems sbp, and can auto reinvest dividends into preferred counter.

 

[Opps-gal]

CD goes into cash account, own reinvest.

 

[limster]

https://secure.fundsupermart.com/fs...y-launches-digital-personal-banking-in-the-uk

One step closer to buying LSE Equities?

 

[perrinrahl]

CD goes into cash account, own reinvest.

Do you usually reinvest the CD or just park them in Auto-Sweep? I read that the latter is a good way to earn higher interest.

 

[Opps-gal]

Do you usually reinvest the CD or just park them in Auto-Sweep? I read that the latter is a good way to earn higher interest.

I don't have auto sweep. Only put in the cash account of individual currency. Not sure any fees for auto sweep, so never set up. Not much cash anyway.

 

[WhiteStone]

Do you usually reinvest the CD or just park them in Auto-Sweep? I read that the latter is a good way to earn higher interest.

Auto Sweep has decent interest but ultimately must see your goals. I will accumulate for awhile before re-investing at a better valuation.

 

[WhiteStone]

also does FSM has options to reinvest dividends under rsp or they will credit dividends to you and you need to manually adjust to buy more?

i used to be from poems sbp, and can auto reinvest dividends into preferred counter.

Can’t auto reinvest.

 

[Leaden]

FSMOne seems to be on a roll recently, adding so many etfs in RSP.
Almost the entire SGX etfs are on its RSP.

 

[limster]

FSMOne seems to be on a roll recently, adding so many etfs in RSP.
Almost the entire SGX etfs are on its RSP.

I wonder, is it allowed to sell its RSP order flow to traders? I always get the impression that on FSMOne RSP day, their buying price always seems to be at a monthly high... then later in the month it will go down

 

[reddevil0728]

I wonder, is it allowed to sell its RSP order flow to traders? I always get the impression that on FSMOne RSP day, their buying price always seems to be at a monthly high... then later in the month it will go down

But their buying price on RSP day will be within the highs and lows of the actual trading day right?

 

[limster]

I checked my RSP for 3010.HK bought at 50.92. When I check the chart, 50.92 is the opening price. Immediately after FSMOne competes the order, price crashes.

Look at that red volume bar at the opening Does this mean that FSMOne on every RSP day, simply queues all their RSP with market orders pre-market and takes whatever is the opening price that day?

If the ETF is lower liquidity, would prop traders be able to take advantage if FSMOne is so predictable every month? 3010.HK is not particularly high liquidity, so I might want to discontinue RSP for that.

For higher liquidity ETF like 2800, I guess less easy for traders to front run.

 

[reddevil0728]

I checked my RSP for 3010.HK bought at 50.92. When I check the chart, 50.92 is the opening price. Immediately after FSMOne competes the order, price crashes.

Look at that red volume bar at the opening Does this mean that FSMOne on every RSP day, simply queues all their RSP with market orders pre-market and takes whatever is the opening price that day?

If the ETF is lower liquidity, would prop traders be able to take advantage if FSMOne is so predictable every month? 3010.HK is not particularly high liquidity, so I might want to discontinue RSP for that.

For higher liquidity ETF like 2800, I guess less easy for traders to front run.

Guess we can only speculate unless we can dive deep into their order?

 

[sohguanh]

I checked my RSP for 3010.HK bought at 50.92. When I check the chart, 50.92 is the opening price. Immediately after FSMOne competes the order, price crashes.

Look at that red volume bar at the opening Does this mean that FSMOne on every RSP day, simply queues all their RSP with market orders pre-market and takes whatever is the opening price that day?

If the ETF is lower liquidity, would prop traders be able to take advantage if FSMOne is so predictable every month? 3010.HK is not particularly high liquidity, so I might want to discontinue RSP for that.

For higher liquidity ETF like 2800, I guess less easy for traders to front run.

I believe fsm rsp just like Syfe ETF are program driven to queue at market orders pre-market? That is why they keep emphasize it is for long term. To be extremely nibble to queue based on the dynamic fluid trading pattern during trading hours would require much more complicated computer systems for which a lot of proprietary trading systems are being touted in internet.

 

[tomb]

Would it be advisable to buy etf through fsm using srs and transfer to cdp? Or is there no point in doing so?

 

[limster]

Would it be advisable to buy etf through fsm using srs and transfer to cdp? Or is there no point in doing so?

can it be done in the first place?

 

[WhiteStone]

FSMOne seems to be on a roll recently, adding so many etfs in RSP.
Almost the entire SGX etfs are on its RSP.

Good mah. Somemore now almost free.