FSMOne web platform

[888888888888]

i have no interest in promoting 'em at all, and also not forgetting mf global from the past.

https://finance.yahoo.com/quote/TIGR/financials?p=TIGR

 

[Opps-gal]

"Important: You will need to top-up your cash account and ensure that there are sufficient monies in the respective Cash Account(s) BEFORE the predetermined payment deduction day (e.g. 1st, 8th, 15th, 22nd, depending on your RSP application frequency). All applications must be submitted BEFORE the payment deduction day."

If do 2 times rsp, can choose which date do rsp?

Edited: Think I spaced out the amount to 2 rsp dates, since can choose, to test out.

 

[perrinrahl]

Anyone else having difficulty with the Auto Cash Top-up in recent months? It seems the platform is making the top-ups on or after the 8th.

 

[Leaden]

Looks like got 11 more ETFs added to FSMOne RSP...

 

[highsulphur]

Don't quite understand FSMOne trading platform. Volume traded show 40 lots only at 0.937 but trade summary shows much larger volume traded from 0.934 to 0.938.

 

[sohguanh]

Don't quite understand FSMOne trading platform. Volume traded show 40 lots only at 0.937 but trade summary shows much larger volume traded from 0.934 to 0.938.

For such kind of info I refer to poems app instead. Then place buy/sell order in fsmone, dbs vickers etc. Somehow I find poems more "stable" but sometimes traffic high the app also stop responding.

 

[thenextseeker]

how long does it take for us to withdraw money from fsmone to personal bank account, is it immediate

 

[sohguanh]

how long does it take for us to withdraw money from fsmone to personal bank account, is it immediate

I have tried on a week day yes it is close to immediate. But my amount is not those big like 20k 30k kind.

 

[hound297]

Is there a cap on the sale value ?
I was previously using DBS vickers and there was like a 20k cap on how much you can sell in SGX.

I think this will stop me from quickly selling away my stock during black swan event like COVID. Does FSMone has this limit ? any other platforms to recommend that have much higher or no limit that can serve as an alternative selling platform ? Not to mention DBS vickers charge you $25.00 while FSMone charges $8.80 only.

 

[highsulphur]

Is there a cap on the sale value ?
I was previously using DBS vickers and there was like a 20k cap on how much you can sell in SGX.

I think this will stop me from quickly selling away my stock during black swan event like COVID. Does FSMone has this limit ? any other platforms to recommend that have much higher or no limit that can serve as an alternative selling platform ? Not to mention DBS vickers charge you $25.00 while FSMone charges $8.80 only.

If the stock is held by fsmone as custodian, I don't see why there should be a sale limit

 

[reddevil0728]

Is there a cap on the sale value ?
I was previously using DBS vickers and there was like a 20k cap on how much you can sell in SGX.

I think this will stop me from quickly selling away my stock during black swan event like COVID. Does FSMone has this limit ? any other platforms to recommend that have much higher or no limit that can serve as an alternative selling platform ? Not to mention DBS vickers charge you $25.00 while FSMone charges $8.80 only.

Got cap if from CDP
I think 50k

but you can ask for higher if you show ur CDP statement

 

[hound297]

If the stock is held by fsmone as custodian, I don't see why there should be a sale limit

Not custodian. Direct ownsership.

 

[hound297]

Got cap if from CDP
I think 50k

but you can ask for higher if you show ur CDP statement

Much higher than DBS's pathetic 25k limit.

 

[highsulphur]

Not custodian. Direct ownsership.

So your shares are held with fsm directly and not cdp right? So fsm is the custodian. Then you can sell everything at once

 

[hound297]

So your shares are held with fsm directly and not cdp right? So fsm is the custodian. Then you can sell everything at once

https://secure.fundsupermart.com/fs...ade-s-1-000-or-s-1-million-in-sgx-stocks-etfs
Its 50k. I found it thanks to @reddevil0728

 

[reddevil0728]

Much higher than DBS's pathetic 25k limit.

DBS one can also increase.

 

[hound297]

DBS one can also increase.

Maybe later. For now i am switching over to FSMone for selling. Buy will continue to use DBS cash upfront.

 

[xoxozone]

Maybe later. For now i am switching over to FSMone for selling. Buy will continue to use DBS cash upfront.

Why DBS upfront? The fee is still more than FSMone?
After u buy on FSMone, u can transfer shares to CDP for free. Fill up their form.

 

[hound297]

Why DBS upfront? The fee is still more than FSMone?
After u buy on FSMone, u can transfer shares to CDP for free. Fill up their form.

Didnt know. I though purchase by platform means your purchase is stuck on it. Will take a look.

 

[sohguanh]

Didnt know. I though purchase by platform means your purchase is stuck on it. Will take a look.

I wonder if you hold your stock long enough. If say within a year or two will sell already then no need go through CDP route. Just use any broker custodian account to enjoy the low comm fee. That is how now I strategize. Those SGX stock,ETF I will hold super long time I put inside CDP. Those SGX stock,ETF I within a year or two will sell I use broker custodian account. Only disadvantage is tracking become tedious in 2 places I know.