facebookEndowus vs FSMOne vs POEMS vs Dollardex for SRS/CPF? - Seedly

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Adam

Edited 24 Oct 2022

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General Investing

Endowus vs FSMOne vs POEMS vs Dollardex for SRS/CPF?

Any advice in terms of fees for SRS/CPF investing using Endowus vs Dollardex vs FSMOne vs POEMS? Especially for investing into S&P 500.

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Hi Choong Hwee, through which platform would you recommend investing in S27 (S&P 500 ETF at SGX). Thanks

Tan Choong Hwee

25 Oct 2022

Solutions Specialist at Providend

All the listed platforms are different kinds of investing platforms.

  • Endowus is a robo-advisor, they invest using unit trusts and charge access fee but offer trailer fee rebates
  • dollarDEX is an unit trust platform, and they are zero fee platform
  • FSMOne is a brokerage platform that supports stocks, ETFs (which is a form of stocks) and unit trusts, they charge commisions for stocks, and for unit trusts they charge platform fees for SRS, but zero fee for CPF
  • POEMS is another brokerage platform that supports similar instruments as FSMOne, and they are zero fee platform for unit trusts, but commission based for stocks/ETFs

For investing S&P 500,

  • using CPFIS-OA, you can only invest in Lion Global Infinity US 500 Stock Index Fund thru Endowus
  • using SRS, you can invest in S&P ETF (ticker: S27) listed on SGX, or Lion Global S&P fund
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