FSMOne web platform

[highsulphur]

RSP does not incur costs to buy leh.. did u check the confirmation note?

Buying RSP for LSE stocks should incur 0.15% (min GBP) fee. But $50 seems too much for $2500 notional amount

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

 

[twosix]

Buying RSP for LSE stocks should incur 0.15% (min GBP) fee. But $50 seems too much for $2500 notional amount

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

I checked before. Should be free. See here:

https://secure.fundsupermart.com/fs...41/enjoy-0-processing-fees-on-fsmones-etf-rsp!

Enjoy 0% Processing Fees on FSMOne's ETF RSP!​

Take your pick from 150 ETFs listed on the SGX, HKE, LSE and US exchanges. Build up your ETF portfolio via a Regular Savings Plan (RSP) and enjoy 0%* processing fee until 2024! Terms and Conditions Apply.

 

[highsulphur]

I checked before. Should be free. See here:

https://secure.fundsupermart.com/fs...41/enjoy-0-processing-fees-on-fsmones-etf-rsp!

Enjoy 0% Processing Fees on FSMOne's ETF RSP!​

Take your pick from 150 ETFs listed on the SGX, HKE, LSE and US exchanges. Build up your ETF portfolio via a Regular Savings Plan (RSP) and enjoy 0%* processing fee until 2024! Terms and Conditions Apply.

can you transfer your holdings in RSP out or must sell? If I already have a particular ETF (non rsp) with FSM and start a RSP on that ETF, I will have 2 separate holdings (cash and RSP)?

 

[twosix]

can you transfer your holdings in RSP out or must sell? If I already have a particular ETF (non rsp) with FSM and start a RSP on that ETF, I will have 2 separate holdings (cash and RSP)?

Ask fsm1. I do not know.

 

[limster]

can you transfer your holdings in RSP out or must sell? If I already have a particular ETF (non rsp) with FSM and start a RSP on that ETF, I will have 2 separate holdings (cash and RSP)?

Combined holding. Odd lot probably cannot transfer out

 

[reddevil0728]

Thats for sure .
Its just that people do say that ETFs are cheaper lol

Uhuh. Hence that’s why u noticed got anomaly hence should check lor

 

[limster]

Better check fees as well on ETFs sold via FSM.

I recently ( 2 months only ) started a RSP for VUAA.
$2500 per month and the charges per transaction seem to be around $50! which seems crazy to me.
Wonder if I should be continuing the RSP or just continue with the actively managed funds.

since its supposed to be 0% processing fee can you show the screenshot of invoice what you get charged $50 for?

if you got charged processing fee you should raise a support ticket with FSMOne.

 

[yslvlys]

Probably is LSE exchange related fees

 

[Needmysleep]

Buying RSP for LSE stocks should incur 0.15% (min GBP) fee. But $50 seems too much for $2500 notional amount

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

I checked before. Should be free. See here:

https://secure.fundsupermart.com/fs...41/enjoy-0-processing-fees-on-fsmones-etf-rsp!

Enjoy 0% Processing Fees on FSMOne's ETF RSP!​

Take your pick from 150 ETFs listed on the SGX, HKE, LSE and US exchanges. Build up your ETF portfolio via a Regular Savings Plan (RSP) and enjoy 0%* processing fee until 2024! Terms and Conditions Apply.

Uhuh. Hence that’s why u noticed got anomaly hence should check lor

since its supposed to be 0% processing fee can you show the screenshot of invoice what you get charged $50 for?

if you got charged processing fee you should raise a support ticket with FSMOne.

have attached as below

as can see the RSP is for $2500 but once its realised its $2435!

Fees says NA ..so I really can't figure out where the missing amount is.Could be something really simple which I'm missing though

 

[limster]

Looking at your screen shot it seems that FSMOne gave you a $50 discount!

You asked for $2500 RSP but they only deducted S$2435 from your auto-sweep account. Thats a discount!

But the 'truth' is that when you key in an RSP order for $2500, they will only execute RSP for about $2450, leaving $50 as a buffer in case there a unforseen charges or massive exchange rate fluctuations.

 

[Needmysleep]

Looking at your screen shot it seems that FSMOne gave you a $50 discount!

They only deducted S$2435 from your auto-sweep account. They didn't deduct $2500, so obviously they didn't charge you $2500 for the RSP.

Discount ? I dont see it..only 2435 is invested

hmm ok I see the deduction now.The ' missing ' amount hasn't been eaten up by FSM

My RSP is for $2500 but why have they only deducted and invested 2435 ? Is it bcoz it can't be fractional ?

 

[twosix]

..

Discount ? I dont see it..only 2435 is invested

hmm ok I see the deduction now.The ' missing ' amount hasn't been eaten up by FSM

My RSP is for $2500 but why have they only deducted and invested 2435 ? Is it bcoz it can't be fractional ?

The remaining $65 should be in ur cash acct. You should do proper checking first or ask fsm1.

 

[CrashWire]

as can see the RSP is for $2500 but once its realised its $2435!

Looking at your screen shot it seems that FSMOne gave you a $50 discount!

You asked for $2500 RSP but they only deducted S$2435 from your auto-sweep account. Thats a discount!

But the 'truth' is that when you key in an RSP order for $2500, they will only execute RSP for about $2450, leaving $50 as a buffer in case there a unforseen charges or massive exchange rate fluctuations.

I think it's answered in their FAQ (question 7):

https://secure.fundsupermart.com/fsm/advice-services/faq/5820/?rank=1

There's a 2.5% buffer because of FX.

 

[highsulphur]

I think it's answered in their FAQ (question 7):

https://secure.fundsupermart.com/fsm/advice-services/faq/5820/?rank=1

There's a 2.5% buffer because of FX.

So no need to convert before hand for rsp?

 

[sohguanh]

I think it's answered in their FAQ (question 7):

https://secure.fundsupermart.com/fsm/advice-services/faq/5820/?rank=1

There's a 2.5% buffer because of FX.

Look at question 13 too.

 

[angelichound]

Correct me if I'm wrong

Isn't VOO etf same as buying any other stock on the US market?

And since that's the case won't the fsmone flat fee applies?

 

[sohguanh]

Correct me if I'm wrong

Isn't VOO etf same as buying any other stock on the US market?

And since that's the case won't the fsmone flat fee applies?

If you are referring to the last few post they are talking about the FSMOne unique RSP ETF program. Can read more about this in their website.

 

[reddevil0728]

Correct me if I'm wrong

Isn't VOO etf same as buying any other stock on the US market?

And since that's the case won't the fsmone flat fee applies?

this is bought via RSP.

n flat fee is for SGX only no?

 

[angelichound]

If you are referring to the last few post they are talking about the FSMOne unique RSP ETF program. Can read more about this in their website.

Thanks for the clarifying.

The RSP program seems a good fit for folks wanting to DCA!

 

[angelichound]

this is bought via RSP.

n flat fee is for SGX only no?

Yes you're right, flat fee is for SGX only

For US is a minimum of US8. 80 in comision or 0.08%