FSMOne Fundsupermart Reviews and Comparison - Seedly
FSMOne Fundsupermart
4.1
7 reviews
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4.1
Reviews (7)
4.1
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  • 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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    Chuan Lee
    Chuan Lee

    6d ago

    DBS Vickers costs 25+ to sell holdings, no cash upfront service.
  • Updated on 08 May 2019
    I have been use FSM for couples of weeks for now. UI is great compare to the rest, and portfolio analysis is comprehensive. One small issue is the valuation data of stocks, which sometimes doesn't tally with the data listed on SGX. Not sure why but i believe the data on SGX is more persuasive to me, maybe is the lag time between system data updates? Nevertheless, I would still recommend this platform to new users.
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  • Updated on 10 Jan 2019
    Low commission pretty good for sg and hk stocks. But they charge platform fees for unit trust and us stocks they charge dividend handling fees. Good for sg and hk stocks but dont use for unit trust or us stocks.
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  • Updated 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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  • 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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  • 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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  • Updated 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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Questions (3)

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FSMOne Fundsupermart

FSM ONE

FSM One

Investments

Stocks

Yes but there are dividend handling fees for US market which can eat up alot of ur returns if you are starting small and focus on dividends.

FSMOne Fundsupermart

FSM ONE

Investments

Stocks

Roger Leng
Roger Leng

()

Level 2. Rookie
Updated on 07 Jun 2019
Hi David, I'm Roger from FSMOne.com. We can confirm that there are no custodian fees imposed on stocks bought from foreign markets. Here is the link to the list of charges and fees for respective markets. https://secure.fundsupermart.com/fsm/stocks/ways-to-trade If you have further questions, feel free to drop us a note at [email protected] Cheers! Roger
About FSMOne Fundsupermart
Product NameFSMOne Fundsupermart Online Trading Brokerage
Stock holding typeCustodian account
FeesMinimum: $10 or 0.08% whichever is higher
Cash Upfront OptionAvailable

Types of services FSMOne 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 FSMOne

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 FSMOne

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%

Contact FSMOne