FSMOne web platform

[5408854088]

that's cheaper than SCB!! isn't it?

Do they have inactive fees like Interactive Broker, or any annual charges?

I know SCB is very straight forward. Let say I buy USD500 worth of share A. SCB will charge me the 0.25% of USD 500 + conversion fees from SGD to USD.

is FSMONE similar, charging 0.08% of USD 500 and their conversion fees from SGD to USD?

ya, can say cheaper. no inactive fees or annual charges. for each buy and sell order it will be 0.08% minimum USD 8.80 for US stocks.

they will charge dividend handling fee of 1% of gross dividend subject to minimum USD 2.50, maximum USD 25. SCB don't charge for dividend handling. so you have to do some calculation and see which one is more worthwhile.

 

[micgoh]

ya, can say cheaper. no inactive fees or annual charges. for each buy and sell order it will be 0.08% minimum USD 8.80 for US stocks.

they will charge dividend handling fee of 1% of gross dividend subject to minimum USD 2.50, maximum USD 25. SCB don't charge for dividend handling. so you have to do some calculation and see which one is more worthwhile.

can you show some examples on the cost for dividend handling?

 

[5408854088]

can you show some examples on the cost for dividend handling?

in the context of US stocks:

if your dividend is $100, 1% is $1 = you get $0, because minimum $2.50 is applicable

if your dividend is $1000, 1% is $10 = you get $0, because 1% handling fee is applicable

if your dividend is $10000, 1% is $100 = you get $75, because maximum $25 is applicable

 

[5408854088]

Maybe people should read the FSM website for the commission fees...

totally

 

[makav31i]

in the context of US stocks:

if your dividend is $100, 1% is $1 = you get $0, because minimum $2.50 is applicable

if your dividend is $1000, 1% is $10 = you get $0, because 1% handling fee is applicable

if your dividend is $10000, 1% is $100 = you get $75, because maximum $25 is applicable

I think the example is not right...

If a company declare $1 dividends per share and you own 100 shares, the dividends that you are supposed to receive is as follows:

$100 - 30% (Withholding Tax) - 1% or minimum $2.50 = $67.50

If company declare $1 dividend and you only own 1 share, since the total dividend is less than $2.50, you won't be getting anything...

 

[wutawa]

in the context of US stocks:

if your dividend is $100, 1% is $1 = you get $0, because minimum $2.50 is applicable

if your dividend is $1000, 1% is $10 = you get $0, because 1% handling fee is applicable

if your dividend is $10000, 1% is $100 = you get $75, because maximum $25 is applicable

Isnt it
$100 - $2.50 = $97.50
$1k - $10 = $990
$10k - $25 = $9975?

 

[makav31i]

Isnt it
$100 - $2.50 = $97.50
$1k - $10 = $990
$10k - $25 = $9975?

Must deduct 30% for withholding tax...

 

[wutawa]

Must deduct 30% for withholding tax...

Assuming his examples are after tax.

 

[5408854088]

I think the example is not right...

If a company declare $1 dividends per share and you own 100 shares, the dividends that you are supposed to receive is as follows:

$100 - 30% (Withholding Tax) - 1% or minimum $2.50 = $67.50

If company declare $1 dividend and you only own 1 share, since the total dividend is less than $2.50, you won't be getting anything...

Isnt it
$100 - $2.50 = $97.50
$1k - $10 = $990
$10k - $25 = $9975?

you guys are right.. fatigue is kicking in

 

[xicywaterx]

Hello all,

Am considering between Tiger broker or FSM for US shares. As understood for FSM there is this corporate action fee. Does that means for stock split etc we will need to pay USD 50 too?

 

[micgoh]

in the context of US stocks:

if your dividend is $100, 1% is $1 = you get $0, because minimum $2.50 is applicable

if your dividend is $1000, 1% is $10 = you get $0, because 1% handling fee is applicable

if your dividend is $10000, 1% is $100 = you get $75, because maximum $25 is applicable

I got shock when I see dividend $100 but I get $0

 

[ticktick04]

is anyone able to post new trades on fms? Mine kept saying account under review for SGX trading when i have been using it for 2-3 months? Getting ridiculous

 

[hkchew03]

is anyone able to post new trades on fms? Mine kept saying account under review for SGX trading when i have been using it for 2-3 months? Getting ridiculous

Email them. Same issue, happen that my employment details not complete for CDP linkage.

Posted from PCWX using Redmi K20 Pro

 

[kurtgoh]

for those who wish to know:

11 May 2020, RSP

NikkoAM-STC Asia REIT
(CFA)

at SGD 1.066

STI ETF (ES3)

at SGD 2.6251

 

[highsulphur]

for those who wish to know:

11 May 2020, RSP

NikkoAM-STC Asia REIT
(CFA)

at SGD 1.066

STI ETF (ES3)

at SGD 2.6251

Did fsmone explain how they get the price? Seems almost at the high of the day

 

[kurtgoh]

Did fsmone explain how they get the price? Seems almost at the high of the day

nope..

i could not find anything on this too

side note:
Total Fees SGD 1.50 per RSP counter

 

[makav31i]

Did fsmone explain how they get the price? Seems almost at the high of the day

Have to understand FSM have to buy from the open market not like POSB Invest Saver...

 

[limster]

Did fsmone explain how they get the price? Seems almost at the high of the day

unfortunately that seems to be their practice. maybe they just set market order and get makan by sellers who are waiting for them. best time to sell your ETF is when FSMone is buying

 

[makav31i]

unfortunately that seems to be their practice. maybe they just set market order and get makan by sellers who are waiting for them. best time to sell your ETF is when FSMone is buying

I personally think they have to purchased by a certain time regardless of price...

 

[klanddt]

unfortunately that seems to be their practice. maybe they just set market order and get makan by sellers who are waiting for them. best time to sell your ETF is when FSMone is buying

you might be correct. Market order.