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Anonymous

26 Jul 2020

∙

General Investing

Should I RSP with Saxo, FSMone or others (Banks/Interactive Brokers)?

I (20 y/o) just started investing and using robo but I'm looking to get an RSP and I'm not sure which one to get. Mainly looking at Saxo or FSMone but unclear of their differences because they seem similar to me (or I don't understand their diff).
Which one for:
SG ETFs?
US ETFs?
More choices of ETFs?
Fees?
Don't have much capital that's why starting RSP slowly.

PS. I am not using Kristal because of fractional shares issues so was wondering does Saxo or FSM buy fractional?

FSMOne Fundsupermart

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Tan Wei Ming

26 Jul 2020

Founder and Writer at Frugal Youth Invests

Just checked out Saxo RSP website. Initial investment for Saxo RSP is actually $2000 sgd and subsequently $100/month. I am not sure what Saxo has for its managed portfolio by Blackrock, so can't comment much on that.

Saxo charges 0.75% per annum by AUM but FSMOne charges min $1 or 0.08% whichever is higher.

FSM can buy fractional shares.

Alternatively, you can look at DBS digiportfolio.

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