10 Nov 2020
And if I don't do anything, I don't have to pay anything? Until I choose to sell then I'll pay the 0.08% fees? Newbie here, please help! Thank you!
If you invest only $200, you will have to pay the minimum brokerage fee which is not just 0.08%. There is a minimum brokerage fee for almost all brokers in Singapore so you have to look into that.
FSMone don’t change an annual platform/ custodian fees, so it means you don’t have to pay anything annually. BUT FSMone charges a dividend handling fee. So you have to pay FSMone everytime your ETF distribute dividends. Sadly, there is a minimum dividend handling fee. For $200 investment, FSMone will take away all the dividend. technically, you won’t be receiving any dividends thanks to the minimum dividend handling fee.
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