FSMOne Fundsupermart Reviews and Comparison - Seedly
 

FSMOne Fundsupermart

  • Overview
  • Reviews (37)
  • Questions (7)
  • More Details
Online Brokerages/FSMOne Fundsupermart

USER RATINGS

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Customer Support

4.4

User Experience

4.2

FSMOne Fundsupermart

$10
TRADING FEES
0.08%
MINIMUM FEE
Custodian
STOCK HOLDING TYPE

    FSMOne Fundsupermart

    $10
    TRADING FEES
    0.08%
    MINIMUM FEE
    Custodian
    STOCK HOLDING TYPE

Details

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
Read More about FSMOne Fundsupermart
Reviews (37)

4.3

37 Reviews

  • 5
    17
  • 4
    16
  • 3
    3
  • 2
    1
  • 1
    0

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commission rate

products offer

customer service

user interface

good range

platform fee

low commission

minimum commission

rates lowest

lowest commission

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  • Posted 3h ago

    Purchased

    FSMOne Fundsupermart

    Easy to transact through platform. Low fees and safe. Experience on buying and selling through it is good.
    0 comments
    0
  • Posted 9h ago

    Purchased

    FSMOne Fundsupermart

    FSMOne is a user friendly platform. I like the auto sweep cash account that pays an annual interest yield of close to 1.3% with no lock up period. The negative is the minimum $10 commission for gold and diamond investors which make it not competitive as compared with DBS Treasures and Stanchart Priority which both have no minimum commission. Many investment strategies require no minimum commission such as investing in the vast number of less liquid stocks in SGX.
    0 comments
    0
  • Posted 10h ago

    Purchased

    FSMOne Fundsupermart

    [Commission Rates] Lowest in town, especially for trading US and HK stocks. Investment banks charge a bomb for those.
    0 comments
    0
  • Posted 10h ago

    Purchased

    FSMOne Fundsupermart

    [Commission Rates] The Best one of the lowest comm of 0.8% or min $10 per trade. [User Interface] Logging in with otp is an hassle. Enter the correct code via sms still say invalid code,need to wait for next 10-15 seconds. Quite annoying! [Features] It would be good to remove the pop-up message asking us to fill up the US tax form even when we are trading local stocks counter. Very irritating. [Customer Service] Quite responsive and helpful in replying our query [Products Offered] It would be good to add local corporate bond counters under stocks and etf live trading .
    0 comments
    0
  • Posted 11h ago

    Purchased

    FSMOne Fundsupermart

    Prompt customer service and made efforts to reward and retain loyal customers by running regular events and promotions.
    0 comments
    0
Questions (7)

Recent Activity

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Forex (FX)

Investments

FSMOne Fundsupermart

Um - its unlikely there would be a online platform just to do forex changes - it just isn't lucractive enough as a standalone buisness. You can look into Revolut - they do a card product which you can ignore but they basically provide mid market rates (ie. conceptually unbeatable) Do note there is some monthly limits so depends on your volumes if this makes sense or whether you can space out the exchanges (but you can make the limits go away for a yearly fee)

Stocks Discussion

Investments

FSMOne Fundsupermart

Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Updated on 30 Oct 2019
Equity ETFs (like SPY, QQQ) or Index Funds are typically suitable for a Growth goal and the dividends are relatively small, hence the withholding tax impact should be tiny. A lot of investors do prefer UCITS ETFs, especially when going into Bond ETFs. Feel free to reach out to our advisory desk for more info. Given US-domiciled ETF investments via Kristal.AI are free, it may be worthwhile for you to consider us and test us out. Happy to hear more feedback. Learn more from us here: http://bit.ly/36ci0yF

Investments

FSMOne Fundsupermart

Hi, the management fee is part of the total expense ratio. For mother funds, they have their own layer of fees, however, for most fund houses, there is usually an internal arrangement that limits or even remove the fees arising from a fund feeding into a mother fund.

FSMOne Fundsupermart

FSM One

Investments

Stocks Discussion

Ferlyn Tan
Ferlyn Tan
Level 2. Rookie
Answered on 30 Sep 2019
Yes, there will be no custody fees! Just wanna add on to the comment about dividend handling fees - I think the majority of all the other Brokers charge dividend handling fees on all stock markets while FSMOne only charges for US market.

Investments

FSMOne Fundsupermart

Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 8. Wizard
Answered on 25 Sep 2019
No, you can't. You need a CDP account to apply for an IPO. Hope this Seedly post helps you in applying CDP https://blog.seedly.sg/step-step-guide-opening-stock-trading-brokerage-cdp-account-singapore/

FSMOne Fundsupermart

ETF

MoneyOwl

Investments

Robo-Advisors

Unit Trust

Endowus

Gregory Van
Gregory Van, Co-Ceo & Coo at Endowus
Level 3. Wonderkid
Answered on 02 Jul 2019
Dear Anonymous, My name is Greg, Co-CEO of Endowus. A broad index fund ETF is lower cost than Endowus. If you choose to go down this route, we encourage clients to buy ACWD (UCITS - 40bps) through a low cost broker (Interactive Brokers for example) and try not to be caught by a bid-ask spread. I would highly discourage buying US-listed ETFs, given the dividend withholding tax on these products that you should not be paying from Singapore. Note that you can claim back partial withholding tax on interest from bonds, but not on equity dividends. (Example: If equity dividends are 3% and the withholding tax is 30%, you end up paying up to 90bps more unnecessarily, so what you thought was low cost actually becomes quite high cost.) I think that passive is a great strategy, but systematic, such as DFA, lets you access superior implementation which will drive better returns over the long run, and a strategy you can stick with through market cycles. An example of this implementation is Dimensional’s diversification and systematic tilts. In a single fund exposed to the entire world, there are over 10,000 securities, with a systemcatic overweight to the long-term risk premiums of small cap, value and profitability, versus the MSCI ACWI commercial index which is exposed to 2,000+ securities at a market cap weight. We expect this to generate alpha over the long-run, as it has through the long history of market data. Taking this position in the market also exposes you to tracking error (away from the commercial index), so you have to be comfortable with inconsistently winning and losing to the benchmark through your investment journey. Note that the fund level cost of the DFA fund described is 43bps, and Endowus fees range from 25bps to 60bps (all-inclusive of account creation, holistic advice, portfolio creation, intelligent rebalancing, brokerage, platform fee). DFA can be accessed through financial advisors like Endowus, MoneyOwl, Providend, though you are right in that there are additional asset based fees involved. We have run some analysis and over the long run, given DFA's long-term track record, these fees will be less that what you gain in the long-run. It is important to note that Endowus, MoneyOwl and Providend do not get paid by anyone but you, contrary to much of the industry that is paid trailer fees (distribution/sales commissions) by fund managers, which clients are usually oblivious to. This way we can stay honest to serving only you, our client.

FSMOne Fundsupermart

Investments

FSM One

Stocks Discussion

Roger Leng
Roger Leng
Level 3. Wonderkid
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

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: 0.08%
  • Investment of S$50,000 to S$100,000: 0.08%
  • Investment above S$100,000: 0.08%

Other transaction charges:

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

Contact FSMOne