I'm going to use FSMone to invest in ETFs outside of SGX, however all the etf outside of SGX is classified as SIP. Does that mean that we won't be able to buy them if we do not pass CKR/CAR?

If you study a bit you will pass the CKR/CAR

otherwise: in the U.S. the commission fees for stock and ETF transactions are already 0.00 USD since 10/2019 and only f.ex. with TD Ameritrade the account management fees are already 0.00 USD.

Should you buy U.S. ETFs denominated in U.S. dollar in your FSMone brokerage account don't buy them with SGD of your brokerage account (because the brokers have inferior currency conversion fees/rates, that You possibly do not directly find on your transaction statements a percentage added to the standard interbank rate).

Instead use Transferwise (much cheaper for conversion, fast & safe):

you send SGD to Transferwise, they send USD into Your FSMone brokerage account.

Hi there,

I'm Roger from fSMOne.com. Usually, overseas listed ETFs are considered to be listed SIP products. You will need to pass the requirements (either one of investments, educational and working) in order to start investing in listed SIPs without any restriction.

For investors who do not meet the requirements for CAR assessment, you will need to acknowledge the potential implications and consequences and subject to an investment limit of S$50,000 (max) on all accounts on fSMOne.com before you can proceed to place online transaction orders.

You can find out more about CKA/CAR information from our FAQ.

https://secure.fundsupermart.com/fsm/advice-ser...

Alternatively, you can also contact our friendly client services team (6557 2853) for more information too.

Thank you!

Roger