Fundsupermart's FSMOne $8.8 flat fees

[fr33d0m]

Hi all , was there revision in charges for rsp ? I been rsp es3 etf. The fees increased from.0.46 to 0.86..Amy idea why ?

SGX clearing fee is no longer absorbed.

 

[sellipad2]

i heard FSM charge $8.88 regardless of trade amount, does it apply to all stocks and bonds and no custodian fees? Sounds very good to be true

 

[highsulphur]

i heard FSM charge $8.88 regardless of trade amount, does it apply to all stocks and bonds and no custodian fees? Sounds very good to be true

SGX stocks only. Commission for Etfs on sgx is less at 3.88

 

[reddevil0728]

i heard FSM charge $8.88 regardless of trade amount, does it apply to all stocks and bonds and no custodian fees? Sounds very good to be true

Why don’t check out their website to see it for yourself?

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

 

[sellipad2]

Why don’t check out their website to see it for yourself?

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

Thanks do you know if there is any custodian fee? I saw a quarterly platform fee for bonds, so guess thats similar to a custodian fee.

 

[Ohm_User]

Assuming you have 15K SGD to invest.
Let us ignore the exchange fee (which is to be paid to SGX in this case).

Base on FSMOne fee structure, you will only pay 8.80 SGD
https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure -Select Stocks

Assuming you are looking at Moomoo or Tiger, there are 2 fees you have to pay, both Comission and Platform Fee. Both are 0.03% * Trade Value
Let us also ignore the exchange fee (which is to be paid to SGX in this case).

Comission: 15,000 * 0.03% = 4.5 SGD
Platform fee: 15,000 * 0.03% = 4.5 SGD
https://www.itiger.com/sg/commissions#singapore_stocks
https://www.moomoo.com/sg/broker-about/pricing - Select SG and click More

Higher buy in amount, FSMOne has the advantage due to fixed fees
Lower buy in amount, % based brokers has the advantage.
Break even in this case is around 14,666.67

You have explained it very well. Allow me to share my personal experience with FSMONE recently with those who wished to buy SG stocks & deposit at their CDP account. I share as I benefited from others sharing of FSM earlier.

I registered with FSMONE in March recently & bought SG stocks (also sold some stocks) w comm $8.80 (~$9.50 with gst), after that I filled up the above form & email to FSMONE, the stocks were successfully transferred to my CDP 7 days later with zero transfer fee (fee waived till further notice, else could be $10/stock-transfer. Noted that FSMONE stated the transfer will take 2~3 weeks). Found both FSMONE's hotline & email helpful & responsive.
use this this form for FSM--> CDP https://secure.fundsupermart.com/fsm/download/forms/FSM_Securities_Transfer_Form_202208-revised.pdf...

I also have CGS (CIMB) & DBS-Vicker, both are charging ~0.28% (0.12% Buy order for CUF acc @ DBS-V), so when u execute a bigger trade of value 40k-50k, the saving could be ~$100/trade by just using FSMONE. The only additional step was I need to fill up the above transfer form & email to FSMONE (5 mins job), stock appeared in my CDP 7 days later, rather fast. With my limited researches, FSMONE seems to be the lowest cost broker that allows u to buy SG stock & keep @CDP, its $8.80/trade is unbeatable at this moment.

For non-CDP stock eg HK or US stocks to be kept/custodian by brokers, then Moomoo, Tiger or many others will be just fine.

 

[sibeiTrolled]

Thanks do you know if there is any custodian fee? I saw a quarterly platform fee for bonds, so guess thats similar to a custodian fee.

To my knowledge, Custodian Fee != Platform Fee
Custodian is to hold
Platform is to use

Their pricing is already very transparent. Basically just charging you if you use FSMOne to buy bonds.
0% custodian fee, with up to 0.025% quarterly fee.

 

[sibeiTrolled]

You have explained it very well

Though i wished these type of explaination isn't needed when it is just some maths with numbers plugged in.
Probably those AI can do a faster job replying than waiting for someone to answer in the forum LOL.

my CDP 7 days later with zero transfer fee (fee waived till further notice, else could be $10/stock-transfer.

Interesting, didn't know transfer-in is free. Or did their promo kept running alongside their zero fee RSP?

 

[Ohm_User]

Though i wished these type of explaination isn't needed when it is just some maths with numbers plugged in.
Probably those AI can do a faster job replying than waiting for someone to answer in the forum LOL.


Interesting, didn't know transfer-in is free. Or did their promo kept running alongside their zero fee RSP?

I believed its zero transfer-out fee (to CDP) was in place few years ago, FSMONE does not seem in a hurry to impose fee.

 

[cosycatus]

I believed its zero transfer-out fee (to CDP) was in place few years ago, FSMONE does not seem in a hurry to impose fee.

After a while I don't transfer.
Go CDP very mafan to keep track of profits and what not.
Keep under fsm can open account easily and see the number and feel shiok.

 

[highsulphur]

After a while I don't transfer.
Go CDP very mafan to keep track of profits and what not.
Keep under fsm can open account easily and see the number and feel shiok.

Agree. Just need to move on with the CDP mindset

 

[singaporean11]

To my knowledge, Custodian Fee != Platform Fee
Custodian is to hold
Platform is to use

Their pricing is already very transparent. Basically just charging you if you use FSMOne to buy bonds.
0% custodian fee, with up to 0.025% quarterly fee.

Previously years ago, FSMOne tried to impose platform fee on all my holdings with them (before that there was no platform fee) and this was applied just like Brokerages/Banks Custodian fee. So I withdrawn all my holdings from FSMOne!

Then, a few years later, they removed this platform fee again (presumably because too many of their clients are withdrawing all their holdings from FSMOne just like me)!

 

[Ohm_User]

Agree. Just need to move on with the CDP mindset

I guess it is easier for our next of kin to deal with CDP in the event we are no longer around (eg through jt acc)

 

[hexhexhex]

Can we withdraw the after sales proceeds in USD for free?

Can share how to go about doing this?

TIA

 

[~sabaisabai~]

Don't redeem you waiting for them to expire ah? Got expiry date one hor

okok will redeem
still looking which one to buy... lols
i got more than 5000 points

chat here, cos that thread is for mari invest discussion

 

[~sabaisabai~]

No fee at all. Til now I collected 4 different funds. Never see them charge any fee. So long less than 1k no fee I was told years ago when I ask cs.

I just bought $300 also didn't see them charge any. Wah now I go check the NikkoAM Singapore Dividend Equity SGD they buy for my at 1.6072. So high price the thing about funds is you don't know the price you buy or sell. Until settle liao then know.

NikkoAM Singapore Dividend Equity SGD - you bought this ah?
I read, got platform fee, every qtr leh
This one got dividend or not?

 

[~sabaisabai~]

Ah sorry sorry for hijacking this thread. For FSM let's go

https://forums.hardwarezone.com.sg/...-8-8-flat-fees.5946675/page-21#post-156816846

Thanks for sharing, i always nearly forgot about my points
Can redeem the fund

 

[peppermint7]

okok will redeem
still looking which one to buy... lols
i got more than 5000 points

chat here, cos that thread is for mari invest discussion

Til date I have
Allianz Income Growth CI AM DIS H2 SGD
Nikko AM Shenton short term bond
Nikko AM Singapore Dividend Equity
Schroder Asian Growth A DIS

 

[highsulphur]

Til date I have
Allianz Income Growth CI AM DIS H2 SGD
Nikko AM Shenton short term bond
Nikko AM Singapore Dividend Equity
Schroder Asian Growth A DIS

I just redeem the H2 fund using points and then sell it when it reaches an amount

 

[peppermint7]

NikkoAM Singapore Dividend Equity SGD - you bought this ah?
I read, got platform fee, every qtr leh
This one got dividend or not?

U buy liao 1 shot can see it'll grow and grow. U test and see. mayb it'll high risk that's why it is very stronk.
Anyway it's free money so can use it to test and see for yourself. If all gone also nothing lose.

i just pump $300 into it. Hope don't fail me.