Fundsupermart's FSMOne $8.8 flat fees

[reddevil0728]

I am little bit confused about tiger share in CDP holding.
Can I use tiger broker sell my CDP shares which does not bought using tiger broker? Say shares from IPO application.

Below the respond when i do a search. I have not personally try it though..

Yes, it is possible to link a CDP (Central Depository (Pte) Limited) account to a Tiger Brokers account, specifically their Cash Boost Account. This linkage allows you to sell SGX-listed securities held in your CDP account through the Tiger Brokers platform. However, it's important to note that while you can sell, direct buying and holding of stocks in CDP through Tiger Brokers is not currently supported.

Here's a more detailed explanation:

CDP Linkage:

Tiger Brokers allows you to link your CDP account to their Cash Boost Account.

Selling SGX Stocks:

Once linked, you can sell SGX-listed stocks that are held within your CDP account through the Tiger Brokers platform.

No Direct Custody:

Tiger Brokers acts as a clearing member of CDP and does not hold your securities in custody. Instead, stocks purchased through their Cash Boost Account are held by their custodian for the respective markets.

No Direct Buying with CDP:

You cannot directly buy and hold stocks in your CDP account through Tiger Brokers. If you wish to sell stocks bought elsewhere and held in a different brokerage, you'll need to transfer them to Tiger Brokers first.

Fees:

Tiger Brokers offers competitive fees for selling CDP-linked stocks through their Cash Boost Account, especially for contra trades, with a platform fee of 0.12% (minimum $5).

How to Link your CDP Account to Tiger Brokers' Cash Boost Account:

Login to the Tiger Trade app.
Switch to the Cash Boost Account.
Navigate to the Portfolio tab.
Click on "Total Buy Limit".
Click "Link CDP Account Now".
Follow the on-screen instructions to complete the linking process.

https://www.itiger.com/sg/help/detail/how-to-link-CDP

maybe discuss the details of tiger in tiger thread not fsm thread?

 

[wutawa]

i have been using posb si for recurring transfer on every 6th to fsm. if 6th falls on sun, the transfer will be on 7th. now i notice no transfer on 6th and 7th sep. i quickly manually transfer to fsm. the bal is updated in fsm but i see that the deposit order date on 7th sep, transaction date on 8 sep. i wonder if my rsp on 8 sep will be affected.
anyone encountered the same prob before?

 

[perrinrahl]

That's why I put my transaction date in the middle of the month.

 

[reddevil0728]

That's why I put my transaction date in the middle of the month.

Actually why does it matter?

 

[wutawa]

i am bad at timing to sell. on the contrary, i am continuing my cspx dca even in the midst of this high.

U still don't hurry hurry take out? Risky ones u got to be nimble. Those are the ones tsunami come when uare sleeping

rsp is a regular saving plan. meaning to save and invest periodically, regardless of good or bad times. hehe

 

[peppermint7]

FSM very efficient. I saw my funds in after 12 midnight then i activate a transfer back to my bank acc. Surprise to see my funds back into my bank hours later. They didn't wait until office hour then slowly process the transfer unlike other brokerages which is very good.

 

[Panerex]

Anyone used this for SRS investment?

seems attractive for the flat fees without platform fees

 

[highsulphur]

Anyone used this for SRS investment?

seems attractive for the flat fees without platform fees

Yes
Yes

 

[Moowoow]

If i trade buy sg shares with fsmone, shares kept by fsmone, will it charge me those custodian or platform fee? If compared to foreign shares

 

[reddevil0728]

If i trade buy sg shares with fsmone, shares kept by fsmone, will it charge me those custodian or platform fee? If compared to foreign shares

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

 

[wutawa]

If i trade buy sg shares with fsmone, shares kept by fsmone, will it charge me those custodian or platform fee? If compared to foreign shares

fsm does not have custodian and platform fees for sg and foreign shares.

 

[Moowoow]

fsm does not have custodian and platform fees for sg and foreign shares.

How about dividend handling fee ? Can i suppose is a nil for sg shares bought and kept with fsm?

 

[Moowoow]

fsm does not have custodian and platform fees for sg and foreign shares.

Or there is dividend handling fee for sg shares kept w fsm?

 

[highsulphur]

Or there is dividend handling fee for sg shares kept w fsm?

No fees for sg shares

 

[highsulphur]

Anyone here on margin facility with fsmone?

If I buy on margin, do I incur any interest if I managed to fund the account before the end of the trading day?

 

[NinjaStars]

Anyone here on margin facility with fsmone?

If I buy on margin, do I incur any interest if I managed to fund the account before the end of the trading day?

If same day, no.

 

[highsulphur]

If same day, no.

Thanks for the reply

Seems like a good option to have then