Hi! FSMOne charges a dividend handling fee of 2.50 USD minimum. So what if your dividends for that year are less than thay amount? Does that mean they deduct 2.50 from your cash account anyways? - Seedly
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Anonymous

Asked on 27 Apr 2020

Hi! FSMOne charges a dividend handling fee of 2.50 USD minimum. So what if your dividends for that year are less than thay amount? Does that mean they deduct 2.50 from your cash account anyways?

Does this mean I'm making a loss? Will they still charge in this scenario?

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered on 27 Apr 2020

Yes, it seems so, whenever there is a dividend payment.

the relevance depends on your dividend lump sum: with 2.50 SGD dividend you loose 100%, with 2500 SGD dividend payment (with f.ex. 125000 SGD equity value) it is only 0.1%.​​​

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Katrina

28 Apr 2020

This is only for stock trading dividend or any other kind of dividend from ETF?
Frankie Rappaport
Frankie Rappaport

28 Apr 2020

"USD 3 of gross dividend (applicable on US based ETF/Stocks)" on SGX stock exchange. "1% of gross dividend subject to min USD 2.50 , max USD 25" on U.S. stock exchanges.