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

Regular Shares Savings Plans (RSS/RSP)

SAXO Capital Markets

FSMOne Fundsupermart

ETF

Investments

Online Brokerages

Anonymous

Asked on 26 Jul 2020

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?

0 comments

1 answer

Answer Now

Answers (1)

Sort By

Tan Wei Ming
Tan Wei Ming, Writer at Frugal Youth Invests
Level 7. Grand Master
Updated on 26 Jul 2020

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.

0
ūüĎć
0
Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
Post