FSMOne web platform

[George Soros]

Want to ask,
Currently do rsp on etf es3.
As rsp is every mth 8th, can I just buy normal share of es3 and will it go into my holding(rsp) ?

 

[wutawa]

Want to ask,
Currently do rsp on etf es3.
As rsp is every mth 8th, can I just buy normal share of es3 and will it go into my holding(rsp) ?

Yes, it is combined as 1!

 

[wolverine23]

for selling of SGX stocks held in CDP, is this the cheapest? What about DBS Vickers etc?

 

[reddevil0728]

for selling of SGX stocks held in CDP, is this the cheapest? What about DBS Vickers etc?

Dbs vickers u can buy using cut with min of $10.

But selling is much more expensive.

 

[wolverine23]

Dbs vickers u can buy using cut with min of $10.

But selling is much more expensive.

Using FSM, selling or buying is only $10 flat regardless of the amount of shares??? wow

 

[wolverine23]

If u want your shares to be held in CDP,
For cheaper rates for trading in Singapore market. Usually what we do is buy from DBS Vickers Cash Upfront. After shares go into CDP. We can sell via FSM (select sell via CDP).

Once $ goes into FSM. We transfer the amount back into our respective bank.

Any shares bought directly via FSM is held under custody. NOT CDP. Though u can request for manual transfer to CDP. With a fee if im not wrong

Seems like this is the cheapest method? I have been using CGS CIMB for many years but seems really expensive.... any comments?

 

[reddevil0728]

Using FSM, selling or buying is only $10 flat regardless of the amount of shares??? wow

I didn’t say that. Anyway is not about the amount. It’s about the value.

 

[wolverine23]

I didn’t say that. Anyway is not about the amount. It’s about the value.

apologies. may I know the exact commission for FSM, Vickers as compare to CGS CIMB? Very confused.... thanks

 

[wutawa]

Seems like this is the cheapest method? I have been using CGS CIMB for many years but seems really expensive.... any comments?

iTrade postpaid comms seem usual. Its cash upfront comms should be the most exp though.

 

[peppermint7]

apologies. may I know the exact commission for FSM, Vickers as compare to CGS CIMB? Very confused.... thanks

Just give u a rough gauge between poems n FSM as I don't have acc with CIMB

If I sell $22,570 worth of shares with FSM. I pay roughly $29

If I sell roughly $20,630 worth of shares with POEMS. I pay roughly $70

CIMB rate should be not far from poems

But the thing is. FSM $ takes time come back cos they will issue cheque and bank into your acc after u instruct them to do so usually on T +2. Recent transaction
I instruct them on 8th. My $ is back into my bank on 11th

 

[wolverine23]

Just give u a rough gauge between poems n FSM as I don't have acc with CIMB

If I sell $22,570 worth of shares with FSM. I pay roughly $29

If I sell roughly $20,630 worth of shares with POEMS. I pay roughly $70

CIMB rate should be not far from poems

But the thing is. FSM $ takes time come back cos they will issue cheque and bank into your acc after u instruct them to do so usually on T +2. Recent transaction
I instruct them on 8th. My $ is back into my bank on 11th

I recently started trading contra and average amount daily trade is about $30k x 2 ($60k)

Was thinking savings could be a lot ...

Cimb charges me around 0.23%....

Any advice?

 

[wutawa]

Cheap brokers like fsm and tiger cannot contra.

 

[peppermint7]

Cheap brokers like fsm and tiger cannot contra.

I have no idea if DBSV CUT is able to contra or not as I have not tried. Some says can
Some say cannot. No idea

 

[wutawa]

I have no idea if DBSV CUT is able to contra or not as I have not tried. Some says can
Some say cannot. No idea

The contra box in vickers is only relevant for cash acct. All prepaid brokers cannot contra. U have to fund the cash account 1st. However, the advantage is that the buying limit is the amount of cash.

 

[wolverine23]

The contra box in vickers is only relevant for cash acct. All prepaid brokers cannot contra. U have to fund the cash account 1st. However, the advantage is that the buying limit is the amount of cash.

I can put the cash in the account. But will buying and selling be delayed? Because I think I will trade several times a day, will there be a constraint?

 

[peppermint7]

I can put the cash in the account. But will buying and selling be delayed? Because I think I will trade several times a day, will there be a constraint?

In out few times a day of course others are better than CUT

CUT will log u out if u stagnant no activity.

Keep having to refresh or log in again and again

 

[peppermint7]

The contra box in vickers is only relevant for cash acct. All prepaid brokers cannot contra. U have to fund the cash account 1st. However, the advantage is that the buying limit is the amount of cash.

Then when can we actually sell for CUT? Some say same day. Some say day after.

 

[findinglaserprinter]

for selling of SGX stocks held in CDP, is this the cheapest? What about DBS Vickers etc?

Yes, this is the cheapest. If you sell via Vickers, they will charge you 0.28%, minimum $25.

So if you want to trade using CDP, I believe buying with Vickers cash upfront and selling with FSMOne is cheapest.

 

[limster]

Using FSM, selling or buying is only $10 flat regardless of the amount of shares??? wow

Yes, $1,000,000 trade, fsm's comm for silver & above clients is $10.

Illustration:

If you are investing in a SGX-listed stock/ETF and have just placed a trade totalling S$20,000, the upfront commission fees that you may be paying outside FSMOne.com may be in the range of between $24 to $361.

On the other hand, on FSMOne.com, with our non-promotional commission rate at 0.08%, General tier clients will be paying $16 for a similar valued trade, whereas Silver, Gold and Diamond clients will just be paying a S$10 flat fee for the same trade! For investors who trade frequently, these trading costs may eventually add up and erode their profits (or exacerbate their losses). Do note as well that the SGX trades can be amalgamated, for more potential savings – read here on how this works.

https://secure.fundsupermart.com/fs...ients-permanent-s-10-flat-fee-trading-for-sgx

 

[wutawa]

Then when can we actually sell for CUT? Some say same day. Some say day after.

I am not using vickers anymore. Selling on the same day under cash shouldnt be a prob. As for selling under cut, i tink the platform limitation is t+1. Purely on guessing