Fundsupermart's FSMOne $8.8 flat fees

[Jirachi]

Ya don’t make it complicated.

just say the number of shares / units to buy can liao

Yeah. Skip the lot thing.

 

[Eternit]

I thought FSMOne charges a flat fee of S$8.80 for local stocks. Was tempted to buy some DBS stock, the estimate fees is S$11.66, why?

Screenshot:

 

[sibeiTrolled]

estimate fees is S$11.66, why?

You can open a email support with FSMOne, they can better answer you.

Just in case you didnt know.
https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure
Flat processing fee does not include 'Other charges incurred by respective Exchanges' (refer to section below), and is subjected to trade amalgamation conditions. For non- SGD transaction, it is also subjected to the minimum processing fees of the respective currency.

8.80 is just what FSMONE is charging you, there is exchange clearing fee and GST as well.
And also, that is estimated fees. May be higher, may be lower.

 

[lucky_]

Anyone used SRS funds to purchase ETF RSPs? Thinking of using the spare pockets of SRS money to buy STI ETF RSP (currently advertised as 0% processing fees) but not sure whether there are any drawbacks. Some questions I have:
1. Will the RSP lots be held in SRS bank or in FSMone?
2. Selling possible via RSP (fractionated lots)?
3. Fees for selling (both whole lots and fractionated lots)?

Thanks for advising!

 

[fr33d0m]

1. SRS Bank, got extra fee from SRS Bank
2. since it is SRS Bank, should be any broker linked to your SRS Bank
3. up to the broker you use

 

[lucky_]

1. SRS Bank, got extra fee from SRS Bank
2. since it is SRS Bank, should be any broker linked to your SRS Bank
3. up to the broker you use

Thanks very much! Sounds like it is not worth it then, if there are extra fees from SRS Bank (presumably every time the RSP is processed?)

 

[neanea]

Any other broker is cheaper than fsmone?

 

[reddevil0728]

Any other broker is cheaper than fsmone?

Which market?

 

[neanea]

Which market?

Sg

 

[reddevil0728]

Sg

IBKR? Moomoo? Tiger?

 

[highsulphur]

Sg

Not if you are trading larger amount. The fixed commission is hard to beat

 

[neanea]

Not if you are trading larger amount. The fixed commission is hard to beat

You are saying fsmone has the lowest commission?

 

[highsulphur]

You are saying fsmone has the lowest commission?

For sgx stocks in large amount due to the fixed commission. For the rest I'm not sure

 

[sibeiTrolled]

You are saying fsmone has the lowest commission?

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

 

[vsvs24]

Fees lower but it is custodian instead of CDP.

 

[neanea]

Fees lower but it is custodian instead of CDP.

There will be custodian charges correct?

 

[dev_stg_prd]

for funds/UT, and if you're not Diamond, poems still cheaper rite?

 

[sibeiTrolled]

for funds/UT, and if you're not Diamond, poems still cheaper rite?

Yes.
FSMOne still has per quarter platform fee that you have to pay for FUNDS

 

[neanea]

Yes.
FSMOne still has per quarter platform fee that you have to pay for FUNDS

How about etf? Which is cheaper on the long run?

 

[Joseph99]

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 ?