Anonymous

18 Jan 2021

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General Investing

Interactive Broker vs FSMOne for newbie who plans to DCA once or twice a month for US ETF, and need an easy-to-learn interface?

Which do you recommend between IBKR and FSMOne?

FSMOne Fundsupermart Interactive Brokers

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Chris

18 Jan 2021

Owner and Writer at Tortoisemoney.com

FSMOne definitely has an easier to learn interface compared to Interactive Brokers. Since you're not actively trading, Interactive Brokers' inactivity charge would also be a downside for you.

To add on, I think one underrated feature of FSMOne is the ability to transfer out positions without any charge to another broker. This allows FSMOne users to change brokers without any cost (although it does take quite a bit of time to get the positions through). Other popular brokers such as SAXO, Standard Chartered and Tiger all have exit fees that range from USD 39 per counter to USD 100 per counter!

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I came across FSMOne RSP for ETFs. What are the benefits of RSP into ETF with FSMOne vs doing it yourself monthly via other broker apps?

Which Broker is the cheapest to use if I want to Dollar cost Average (SGD1,000 every month into US ETF and hold for at least 5years? Total amount is less than (USD100,000). SAXO vs IB vs TD vs others?

What happen if i stop FSMone RSP? I plan to invest $2000 in an US ETF per month for 4 months. Total investment amt will be $8K then i will stop RSP. Is that allowed? Or must I consistently put in money every month?

Planning to DCA $100 each month, which etf should I DCA? S&P 500 (CSPX) or Emerging Economies (VWO) ? London or US stock exchange?

DCA which platform to use? I plan to invest 100 USD into total world etf (VWRA- London market) monthly. May I know which platform to use to be cost-effective? or should i DCA into VT- US market ?