22 Jul 2020
If I purchase stocks via DBS Vickers (Cash Upfront), may I use FSM One to sell the stocks? Are there any disadvantages (monthly/yearly charges by FSM One)?
Is there anyone that will actually sell via DBS Vickers?
There are no disadvantages if you sell via fsmone!
Personally for all my sg stocks I purchase with dbs vickers cash upfront and sell via fsmone! The commission for selling via fsmone (flat fee $10 excluding gst and clearing charge which adds up to about $12) is much lower than dbsvickers (Minimum $25)
I tried selling via DBS vickers before and had some issues due to my selling limits so it is important to check ur selling limit on DBS vickers! Fsmone gives u a default $50k sgd selling limit for cdp.
If you would like to sell via fsmone do note that you would have to do a linkage of ur cdp acc and fsmone acc by filling up a form and mailing it to fsmone
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