Advertisement

Anonymous

17 Apr 2020

∙

General Investing

Is it safe to invest via FSM? How reliable are they?

As FSM is a custodian, just wondering what would happen to my stocks if the company ceases?

FSMOne Fundsupermart

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Colin Lim

17 Apr 2020

Financial Services Consultant at Colin Lim

Mas regulate all the financial institutions. FSM has been around for many years...there are many users under this platform and every trade, they charge a fee so that they are able to sustain their cost.. so yes, it is safe. Fsm is 1 of the popular platform in SG.

LOk Yang teng Has touch on 2 points .

Reply

Save

YT

17 Apr 2020

The company has been around since 2000 and SPH is one of the shareholders. To assuage your concerns,

"The creditors of iFAST will have no claim over your assets."
"In the unlikely event that iFAST Financial ceases as a business concern, with your permission, all your assets will be transferred to another distributor. Either that, or they will be returned to you."

Reply

Save

View 1 replies

Write your thoughts

Related Posts

I am thinking of investing in RSP STI ETF via FSM due to low transaction fees. I heard that S&P500 is good as well, is Kristal.AI the best way to RSP for that? Or is lump sum better?

I have contributed $200 monthly (Total S$1,400) via OCBC Blue Chip Investment Plan into STI Index. Should I sell and switch over to FSM RSP to save cost?

How to invest $30k? I am considering Syfe REIT+, FSM MAPS Balanced Income, unit trust via bank if sales charge is not high. Are they good and if yes, how should I split the amount?

Do investments always have to happen via a bank? I'm really new to investing and read that one can at the very least start out with ETFs - but does that happen via a bank or just via CDP?

I am considering to do investing via Stashaway. Should I invest via monthly contribution or a lump sum of $20k? Also, any advice on what risk level I should set to get a return say, at least 4%? Thanks!?

Related Products

FSMOne Fundsupermart

4.3

256 Reviews

$8.80

MINIMUM FEE

0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Moomoo Singapore

4.7

482 Reviews

Saxo Markets

4.5

957 Reviews

Related Posts

I am thinking of investing in RSP STI ETF via FSM due to low transaction fees. I heard that S&P500 is good as well, is Kristal.AI the best way to RSP for that? Or is lump sum better?

I have contributed $200 monthly (Total S$1,400) via OCBC Blue Chip Investment Plan into STI Index. Should I sell and switch over to FSM RSP to save cost?

How to invest $30k? I am considering Syfe REIT+, FSM MAPS Balanced Income, unit trust via bank if sales charge is not high. Are they good and if yes, how should I split the amount?

Do investments always have to happen via a bank? I'm really new to investing and read that one can at the very least start out with ETFs - but does that happen via a bank or just via CDP?

I am considering to do investing via Stashaway. Should I invest via monthly contribution or a lump sum of $20k? Also, any advice on what risk level I should set to get a return say, at least 4%? Thanks!?

Advertisement