ifast and funsupermart

[The_Only_Yong]

hi guys~
any idea how to create an account with this 2 platforms?
do i have to go through a financial advisor before i can use this 2 platforms?
for fundsupermart i understand that i can kinda create one myself, but for ifast i cant seem to find the "register" button.

do help me out, many thanks!

 

[Jwlng]

IFAST you can only open an account with a registered financial planner or banker. But why would you want to open an account in both? From what I understand, they are virtually the same, just that one requires the intervention of a financial planner or banker.

 

[ken136]

What do you want to buy from fundsupermart? I think going thru a desperate financial advisor who is willing to charge minimal fees to place your investments with other platforms (that charge lower fees) is probably cheaper.

 

[bikecraft]

If you haven't already, check out dollardex. It's an investment platform that is really similar to Fundsupermart except that there is NO platform fee. Fundsupermart charges you a platform fee every quarter


Fixed Income 0.05% per quarter
Others^ (Alternative Investments, Balanced, Equity etc.)
- First S$50,000 0.125% per quarter
- Next S$150,000 0.11% per quarter
- Next S$300,000 0.09% per quarter
- Remaining investments above S$500,000 0.05% per quarter
Platform fee is accrued daily and deducted on a quarterly basis.

^ For the purpose of benefitting from lower rates based on different tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under the main account holder, inclusive of any beneficiary
account holdings, cash fund holdings and CPF holdings. This platform fee rate is charged on Cash/SRS holdings only, CPF holdings are exempted.

https://secure.fundsupermart.com/main/research/viewContent.tpl?articleNo=3992