FSMOne web platform

[~sabaisabai~]

That's what I am doing.

bro, are u still using dbsv cashupfront to buy and sell using fsm?
i saw fsm for sg trades is 8.80++, cheaper than dbsv comm
dbvs is either $10+++ or 0.12% which ever is higher

 

[reddevil0728]

bro, are u still using dbsv cashupfront to buy and sell using fsm?
i saw fsm for sg trades is 8.80++, cheaper than dbsv comm
dbvs is either $10+++ or 0.12% which ever is higher

dbsv buy is to CDP.

fsmone isn't

for selling should go with fsmone

 

[~sabaisabai~]

dbsv buy is to CDP.

fsmone isn't

for selling should go with fsmone

yes, i am aware that dbsv is cdp but the comm is $10+++ or 0.12%
fsm is custodian acct and its 8.80+++
yes selling can be from fsmone, sell from cdp
does fsmone charge for sg dividends handling fee?

 

[reddevil0728]

yes, i am aware that dbsv is cdp but the comm is $10+++ or 0.12%
fsm is custodian acct and its 8.80+++
yes selling can be from fsmone, sell from cdp

ok. but what's the comparison? it's not a like-for-like comparison no?

if talking about the cheapest for sgx, then fsmone wouldn't even be a consideration

 

[~sabaisabai~]

ok. but what's the comparison? it's not a like-for-like comparison no?

if talking about the cheapest for sgx, then fsmone wouldn't even be a consideration

comparison of the comm fees

 

[reddevil0728]

comparison of the comm fees

if you are straight comparing comm fees. then also need to bring in the likes of like moomoo, tiger, ibkr.

 

[sohguanh]

comparison of the comm fees

I think for SGX stock, ETF the very first criteria to decide is you want the stock, ETF to be inside CDP or not? Once you can answer for this then compare the comm fees. All I know is go into CDP cheapest is DBSV and sell via fsmone. If CDP is not in the picture, then moomoo, tiger broker, ibkr etc come in

 

[~sabaisabai~]

I think for SGX stock, ETF the very first criteria to decide is you want the stock, ETF to be inside CDP or not? Once you can answer for this then compare the comm fees. All I know is go into CDP cheapest is DBSV and sell via fsmone. If CDP is not in the picture, then moomoo, tiger broker, ibkr etc come in

thanks much.
but just happened to see again the fsmone has 8.80 fees for sg trades

 

[~sabaisabai~]

if you are straight comparing comm fees. then also need to bring in the likes of like moomoo, tiger, ibkr.

i am using moomoo account for usa trades.
have not explored sg market using moomoo..

 

[sohguanh]

i am using moomoo account for usa trades.
have not explored sg market using moomoo..

It is same just the sg stock,etf not inside cdp. for moomoo sometimes got one year free comm coupon but this does not take into account moomoo platform, sgx related fee i think. moommoo got this platform + comm concept.

Edit:
https://www.interactivebrokers.com/en/pricing/commissions-stocks-asia-pacific.php?re=apacIBKR think minimum is 2.50 for lowest tier + sgx fees

https://www.moomoo.com/sg/broker-ab...qy3s0KgWUUMs7qOPz3ArYE4HpuLbzGUhoCLXsQAvD_BwEmoomoo now got promotion you save on comm but must pay platform at minimum 0.99 + sgx fees

tiger brokers got some fee if got no txn for X period of time so no good.

As of today moomoo is cheapest

 

[reddevil0728]

i am using moomoo account for usa trades.
have not explored sg market using moomoo..

uhuh. then maybe you should look at more options if you are ok with custodian

 

[highsulphur]

ok. but what's the comparison? it's not a like-for-like comparison no?

if talking about the cheapest for sgx, then fsmone wouldn't even be a consideration

Why isn't fsm the cheapest? At fixed 8.80, beyond a certain notional will be the cheapest right?

 

[reddevil0728]

Why isn't fsm the cheapest? At fixed 8.80, beyond a certain notional will be the cheapest right?

sure if you are talking about beyond certain threshold.

i was comment from the perspective that, if the qns is about

DBSV vs FSMone.

then it is not a like-for-like comparison.

but if ok to just look at custodian, then should look at others too

 

[limster]

Why isn't fsm the cheapest? At fixed 8.80, beyond a certain notional will be the cheapest right?

https://secure.fundsupermart.com/fsmone/article/rcms275443/power-up-your-etf-rsp-–-4x-more-flexible
I actually use FSMOne (not just a keyboard warrior) and I feel FSMOne is a pretty good platform.

You get fixed commission for large purchases and zero commission for RSP of small amounts and now RSP can take place 4 times a month. Currently with only 1 RSP a month, the 8th of each month, FSMOne does the RSP by putting up a market order, so easy pickings for algorithms, so moving to 4x a month is good news.

If I buy >$7k, I prefer to use FSMOne. I also use FSMOne to do monthly RSP. I like it that I can adjust the amounts to 'mop-up' and excess forex I have.

 

[888888888888]

i am using moomoo account for usa trades.
have not explored sg market using moomoo..

There’s another called USmart. Have them all, with fsmone being the longer and safer.

 

[reddevil0728]

There’s another called USmart. Have them all, with fsmone being the longer and safer.

Why is fsmone safer?

 

[888888888888]

if simply comparing it against the smaller discount brokers, they have been around since 2000.

 

[reddevil0728]

if simply comparing it against the smaller discount brokers, they have been around since 2000.

Hmm.

Whilst I don’t disagree that the longevity of some companies may mean something, but it’s more psychological? Cause a long running company, if their current books all haywire vis-a-vis others, it’s more dangerous also.

 

[888888888888]

never used the word 'safest', but comparison against the smaller ones I'll pay more attention first to the smallest I left money with.

 

[limster]

Those in IT will know that a lot of start-ups go for the lower bidder/lower cost/minimum required in terms of security/compliance beause at first they are not making money so IT security is just a cost centre. Only after they get bigger and profitable then they start thinking seriously about their IT security department

When I look at the commission free brokers, I want to know whether they are actually profitable and how they make their money. If they are not making enough money, how are they paying for cost centres like IT security and are they just paying for the bare minimum, for example? If they bother to pay for IT security audit, do they just remediate the critical vulnerabilities and everything else, like areas for improvement, they don't care because they are only required to fix critical issues