facebookHi! FSMOne charges a dividend handling fee of 2.50 USD minimum. So what if your dividends for that year are less than thay amount? Does that mean they deduct 2.50 from your cash account anyways? - Seedly

Anonymous

28 Apr 2020

General Investing

Hi! FSMOne charges a dividend handling fee of 2.50 USD minimum. So what if your dividends for that year are less than thay amount? Does that mean they deduct 2.50 from your cash account anyways?

Does this mean I'm making a loss? Will they still charge in this scenario?

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Yes, it seems so, whenever there is a dividend payment.

the relevance depends on your dividend lump sum: with 2.50 SGD dividend you loose 100%, with 2500 SGD dividend payment (with f.ex. 125000 SGD equity value) it is only 0.1%.​​​

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