FSM ONE

FSM ONE

4.0
(5)
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Ratings Breakdown (5)

4.0
  • 5
    1
  • 4
    3
  • 3
    1
  • 2
    0
  • 1
    0
OperationsiFAST Financial Pte Ltd is the Singapore subsidiary of SGX-ST Mainboard-listed iFAST Corporation Ltd.
Stock holding typeCustodian account
FeesMinimum: $10 or 0.08% whichever is higher
Cash Upfront OptionAvailable
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Reviews (5)
Q&A (1)
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  • Jennifer Franslay
    Jennifer Franslay
    1 Reviews, 9 Upvotes
    Updated on 14 Oct 2018
    FSMOne is the first and only brokerage I've ever used, so I can't compare it to the others. I primarily chose it due to its low commission fees. Then I realised that if your orders are less than S$11k on each transaction (which mine usually are), you'll just be charged the minimum fees ($10). This sounds really low compared to the the other brokerages ($20?), but FSMOne charges a fee on both buy and sell transactions whereas some of other brokerages charge fees on only buy transactions, so that's one thing to note. Overall it has been pretty okay. I trade mostly US stocks and the live feed has a 15 min lag time - this might be the same across all the platforms but I can't be sure of it as I haven't tried the rest. Could be a disadvantage if you're trying to lock in a price to buy/sell but miss it. Anyway, will likely stay with FSMOne for now as I don't see any urging reason to change out.
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  • Yong Kah Hwee
    Yong Kah Hwee
    9 Reviews, 532 Upvotes
    Reviewed on 23 Sep 2018
    Easy to use, with a nice app that works very well. Commissions are low too! However, the stocks that you buy are held by them instead of being transferred to your CDP
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  • Lim Chun Long Jimmy
    Lim Chun Long Jimmy
    9 Reviews, 71 Upvotes
    Reviewed on 09 Jun 2018
    A one-stop platform for buying and selling of stocks, ETFs, bonds, mutual funds, etc. Brokerage fees and charges are competitive compared to other brokerages.
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  • Chan Zui Mao Mao
    Chan Zui Mao Mao
    10 Reviews, 22 Upvotes
    Reviewed on 02 Jun 2018
    One of the lowest minimum commission at $10. Custodian account similar to SCB but there are additional charges when one uses it to hold ETF... http://kpo-and-czm.blogspot.com/2017/06/ifast-fsmone-is-it-any-good.html
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  • Junda
    Junda
    5 Reviews, 13 Upvotes
    Reviewed on 21 Feb 2018
    I have used FSM for nearly 10 years when I started to DIY my mutual funds instead of paying for ILP. Website is the best among all. Modern typography, nice graphs. Suitable for younger generations, but may be confusing for the elderly. Still have some not-so-intuitive behaviour in their new website revamp in 2017. Content is the best among all. They frequently produce good articles, product highlights and magazines, which seems unbiased. Love their dinner and investment seminars too. Think they hold event quarterly. You get to talk to the FSM investment advisors. Not to mention the many freebies collected over the years such as bluetooth speaker! CONs (only 1): That said, I ditch FSM because of the hefty platform fees, of up to 0.4% a year. More about that here http://just2me.com/2017/05/08/fundsupermart-platform-fee-is-a-killer/.
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Types of services FSM One provides

FSM One offers a few types of services on their trading platform.

  • GIRO service offers an automatic and convenient way of debiting payment from credit sale proceeds to designated bank account.
  • Robo-advisory portfolio services

Types of account available with FSM One

FSM One offers various types of account, catered to the different needs of individual investor.

The types of account FSM One provide are:

  • Basic Trading (Cash) Account
  • Corporate Account

Brokerage fees and charges of FSM One

The fees and charges of FSM One are as follows:

Online

  • Minimum Commission: S$10
  • Investment of S$50,000 and below: 0.12%
  • Investment of S$50,000 to S$100,000: 0.12%
  • Investment above S$100,000: 0.12%

By Phone

  • Minimum Commission: S$40
  • Investment of S$50,000 and below: 0.50%
  • Investment of S$50,000 to S$100,000: 0.40%
  • Investment above S$100,000: 0.25%

Other transaction charges:

  • Clearing fee imposed by CDP: 0.0325%
  • SGX Trading fee: 0.0075%

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