Fundsupermart's FSMOne $8.8 flat fees

[loackerc]

is anyone using fsmone for their RSP for to buy sg etf/stocks regularly?

saw there’s an ad mentioning it’s 0% processing fees, but wonder if the commission fees of 3.8 (for sg etf) and 8.8 (for sg stocks) still apply

 

[wutawa]

is anyone using fsmone for their RSP for to buy sg etf/stocks regularly?

saw there’s an ad mentioning it’s 0% processing fees, but wonder if the commission fees of 3.8 (for sg etf) and 8.8 (for sg stocks) still apply

I using rsp for lse etf. No commission fees for rsp. If u redeem or sell, then got fees.

 

[loackerc]

I using rsp for lse etf. No commission fees for rsp. If u redeem or sell, then got fees.

ok sounds good, maybe time for me to switch from dbs rsp to fsmone rsp

 

[sibeiTrolled]

is anyone using fsmone for their RSP for to buy sg etf/stocks regularly?

saw there’s an ad mentioning it’s 0% processing fees, but wonder if the commission fees of 3.8 (for sg etf) and 8.8 (for sg stocks) still apply

https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure
Refer to the ETF structure - there are 2 sections, 1 for normal buy sell, 1 for RSP buy sell.

RSP 0% fees is acutally an ongoing promo that started some time back.

 

[yesaka]

I using rsp for lse etf. No commission fees for rsp. If u redeem or sell, then got fees.

The quarterly platform fee does it apply too to etf ?? Around 0.05% right ??

 

[wutawa]

The quarterly platform fee does it apply too to etf ?? Around 0.05% right ??

etf no platform fee

 

[wutawa]

fsmone is listed in sgx and licenced by mas. however, the shares u buy will not be in cdp.
https://finance.yahoo.com/quote/AIY.SI/
https://www.straitstimes.com/busine...cence-enhances-wealth-management-capabilities

 

[reddevil0728]

fsmone is listed in sgx and licenced by mas. however, the shares u buy will not be in cdp.
https://finance.yahoo.com/quote/AIY.SI/
https://www.straitstimes.com/busine...cence-enhances-wealth-management-capabilities

Like do you mean the shares bought through them or buying their shares (be it through them or with other platforms) wouldn’t be in Cdp?

 

[peppermint7]

Like do you mean the shares bought through them or buying their shares (be it through them or with other platforms) wouldn’t be in Cdp?

Shares bought thru them won't be in CDP.

 

[highsulphur]

Cdp custody is over rated

 

[peppermint7]

Why when FSM keeps promoting they charge flat fee $8.80 for all SGX stocks, regardless of investment amount,
And i tested to buy eg. D05
400 shares × 50.74
total $20,296
Settlement amount shows 20,315.21
So they charge in total like $19.21
(Though until 29th Aug they giving back $2 rebate for every SGX stock tranx. )

Tiger only charge about $16 (with free comm).

I guess only if we buy very large amount then it truly makes a difference to trade via FSM

 

[peppermint7]

Cdp custody is over rated

It is good though for those who wants to leave behind their holdings to their loved ones.

 

[reddevil0728]

Why when FSM keeps promoting they charge flat fee $8.80 for all SGX stocks, regardless of investment amount,
And i tested to buy eg. D05
400 shares × 50.74
total $20,296
Settlement amount shows 20,315.21
So they charge in total like $19.21
(Though until 29th Aug they giving back $2 rebate for every SGX stock tranx. )

Tiger only charge about $16 (with free comm).

I guess only if we buy very large amount then it truly makes a difference to trade via FSM

Cause 8.80 is before GST and the only fee due to them.

The rest are like exchange related fee.

Always look at the details / fee schedule the nuance.

also can use the stock calculator to see how it’s calculated.

It is good though for those who wants to leave behind their holdings to their loved ones.

Why only cdp can do that?

 

[twosix]

There are reasons why CDP exists. Anyway, one can always use fsmone to sell stocks in cdp for the lowest fees ever.

 

[thretiredDad]

For fsmone
If I withdraw money from this platform on Friday,
will I receive it on Saturday or Monday?

 

[sibeiTrolled]

So they charge in total like $19.21

Charges seems right based on SGX : D05 factsheet on FSMONE
https://secure.fundsupermart.com/fsmone/stocks/factsheet/1872/DBS

Exchange Trading Fee	20296​	0.0075%​	1.5222​
Exchange Clearing Fee	20296​	0.0325%​	6.5962​
Exchange Settlement Instruction (SI) Fee - Depository Agent			0.35​
Exchange Settlement Instruction (SI) Fee - Clearing			0.35​
FSMOne Comms			8.8​
total without gst			17.6184​
total with gst			19.20406​

 

[peppermint7]

For fsmone
If I withdraw money from this platform on Friday,
will I receive it on Saturday or Monday?

Bank Account "verified"

1. Withdrawal amount below S$200,000 will be processed in approximately 30mins via FAST on a business day. Applicable only to the first S$200,000 of the day.

2. Withdrawal amount above S$200,000 before 3pm on a business day will be processed via FAST by the end of the same business day.

3. Withdrawal amount above S$200,000 after 3pm on a business day will be processed via FAST by the end of the next business day.

 

[peppermint7]

Charges seems right based on SGX : D05 factsheet on FSMONE
https://secure.fundsupermart.com/fsmone/stocks/factsheet/1872/DBS

Exchange Trading Fee	20296​	0.0075%​	1.5222​
Exchange Clearing Fee	20296​	0.0325%​	6.5962​
Exchange Settlement Instruction (SI) Fee - Depository Agent			0.35​
Exchange Settlement Instruction (SI) Fee - Clearing			0.35​
FSMOne Comms			8.8​
total without gst			17.6184​
total with gst			19.20406​

Thanks for your input. Nonetheless it is still much cheaper than Standchart where $20k trades need pay more than $50 all add up.
When FSM says $8.80 i keep thinking only need pay $8.80 nett. I was thinking how come so good

 

[highsulphur]

Thanks for your input. Nonetheless it is still much cheaper than Standchart where $20k trades need pay more than $50 all add up.
When FSM says $8.80 i keep thinking only need pay $8.80 nett. I was thinking how come so good

Don't think any broker is absorbing sgx clearing fees. If you do, let me know!

 

[sibeiTrolled]

Thanks for your input. Nonetheless it is still much cheaper than Standchart where $20k trades need pay more than $50 all add up.
When FSM says $8.80 i keep thinking only need pay $8.80 nett. I was thinking how come so good

When i saw your post, i immediately thought of FSMOne pricing page and how they advertised themselves as i expected that to be a common misconception / mistake that they only charge 8.8.
In this scenario, i would think that Tiger has a better charges / fee page with everything listed properly and which charge is by who.

I guess only if we buy very large amount then it truly makes a difference to trade via FSM

Yes. Ignoring the SGX fees and that FSMOne fees are fixed, tiger fees will increase as you buy more.