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FSMOne Fundsupermart

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  • Reviews (179)
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Online Brokerages/FSMOne Fundsupermart
Online Brokerages/FSMOne Fundsupermart
4.3
179 reviews
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claimed

Claimed

This product is managed by Fundsupermart.

USER RATINGS

Customer Support

4.4

User Experience

4.4

FSMOne Fundsupermart

$10

MINIMUM FEE

0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

[EXCLUSIVE] Get 2500 FSM Reward Points when you open an account with the code "SeedlyxFSMOne".

FSMOne Fundsupermart

$10

MINIMUM FEE

0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

[EXCLUSIVE] Get 2500 FSM Reward Points when you open an account with the code "SeedlyxFSMOne".

Details

Product Page Transparency

  • Claimed in September 2020
  • Pays to access additional features

FSMOne Fundsupermart Online Investment Brokerage Review 2021

FSMOne is an online brokerage platform created by Fundsupermart ("FSM").

  • One of the most competitively-priced investment platform with a transparent 0.08% sales charge for all ETFs or stocks
  • Has various types of accounts which cater to different investor needs (from young investors to cash and multi-sweep account)
  • You can choose to do-it-yourself, with professional guidance through their experience investment advisor who will help you customise a portfolio to suit your risk profile, or through FSM's Managed Portfolio (MAPS)
  • With FSMOne, you can also trade stocks, REITs, ETFs, bonds, and funds using CPF or SRS
Read More about FSMOne Fundsupermart
Reviews (179)

4.3

179 Reviews

  • 5
    98
  • 4
    55
  • 3
    16
  • 2
    5
  • 1
    5

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    pinned

    Pinned by Fundsupermart

      Updated on 30 Sep 2020

      Purchased

      FSMOne Fundsupermart

      I have only been using it for a limited time and with relatively small amounts so far, to understand the fees and the platform better but this said, I am really happy with the stellar customer support over email and the platform layout. The fees are low but there are some minimums in place which means you need to invest in the thousands to offset them. Regular Saving Plans are extremely competitive and I like the articles and market reviews. As a whole, a great platform and a splendid alternative to the more traditional players in Singapore.

      3

      1 more comments

      Frederic Marthoz

      08 Oct 2020

      Flat fee is for Premium users, otherwise 0.08% fee with a S$10 minimum plus some very small fees from SGX and the other exchanges. Don't expect a bill shock, all pretty clear so far for me for ETFs and shares, I haven't tried other products. Also their RSPs are very good.

      Gomez

      08 Oct 2020

      Thanks bud. I shall give it a trial run then!

      Post

      Updated 2w ago

      Purchased

      FSMOne Fundsupermart

      [Features] Great and easy to understand, it's very intuitive and I like it alot [Commission Rates] A little high i feel (same for other brokerage apps for SGX) [User Interface] Easy to use and withdraw

      0

      Post

      Updated 2w ago

      Purchased

      FSMOne Fundsupermart

      [Commission Rates] If you plan do individual stock picking and plan to invest in amounts of SGD$1000 or less per trade, I would suggest starting off with other brokerages with cheaper commissions (e.g. to breakeven with the $10 commission, the price of the security needs to increase by 1%, if you invest $500 into a security, it needs to appreciate by 2%, if you invest $100 into a security, it needs to appreciate by 10%). Do consider this because commissions eat into your returns as an early-stage investor with lower starting capital. If you are investing much higher amounts, then FSM is perfectly fine for stock picking. If you have smaller initial capital amount and do not want to constantly monitor your portfolio/do stock picking, I would recommend FSM for its Regular Savings Plan (RSP) services, where they charge you 1USD (its apparently free now until July 2021) for a monthly purchase (happens on the 8th of every month, unless its a non-trading day) of selected exchange traded funds (ETFs) (e.g S&P500, STI, technology stocks). This is useful because it employs the Dollar Cost averaging method (DCA) and it removes any emotions in your investing process. However, you still need to select ETFs based on its constituents & weightages, market sector, your risk appetite, and your confidence for its growth/dividend paying (if any) potential. [PC Web page User Interface] The order book is quite convenient for buying/selling securities, the RSP page is easy to navigate to select your preferred ETFs. FSM also collates financial information, financial ratios, the technical indicators and the price/candlestick charts. There's also an intrinsic value calculator if the corresponding values are input. However, the app is less convenient. [Customer Service] Quite responsive, have called them to enquire on certain issues and uncertainties, they respond usually 4 out of 5 times. If not, email works as well. [Research Provided] FSM provides timely research articles on the market, certain industries/sectors and securities (such as equities, bonds, ETFs etc.) These are very useful and have detailed analysis, all presented in a relatively digestible format. [OVERALL] Generally positive, would strongly recommend the FSM RSP services for beginner investors who want a more passive approach. However, it would be advisable to do stock picking on cheaper brokerages because of the relatively high commissions (unless you are planning to invest large amounts of money each time).

      0

      Post

      Updated 4w ago

      Purchased

      FSMOne Fundsupermart

      Occassionally there are interesting webinars / events organised by FSM to attend (like ETFestival). I also liked the functionality to link CDP account to sell your shares under your CDP. While they used to provide the most competitive commissions, esp for SGX, but with more and more foreign brokerages charging lower commissions, it is no longer as attractive to trade on FSM (FSM has a min $10, which for starting investor like me very costly per trade). The UI of the app, and restrictions impose also make it hard to trade via their FSM app. Look forward to future updates to address this. (E.g. there is an app restriction of $50 min to transfer remaining balance in sweep account to cash).

      0

      Post

      Updated on 31 Jan 2021

      Purchased

      FSMOne Fundsupermart

      Very competitive commission fees with interesting products offered. The cons are cannot go to UK or Japan markets. I used mainly for HK or SG markets. Nothing much to claim for the rewards points, unless those listed in the website. Wrote on their facebook asking have any retail vouchers, only get told what I already found on their website. Hope that they can put some retail vouchers which is of much use. I am not interested in claiming bonds, or do donation.

      0

      Post

    Questions (0)
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      Exclusive Promotion with Seedly

      • Get 2500 FSM Reward Points when you sign up with the promo code 'SeedlyxFSMOne'.
      • Click on the "Visit Site" link or "Apply Now" button to sign up.
      • Enter the promo code in the "Referral" section during account registration process.
      • Promotion is applicable for new sign-ups only and credited into account on a monthly basis.
      • Terms & Conditions Apply.

      Features and Benefits of FSMOne Fundsupermart

      FSMOne Fundsupermart offers a few types of services on its trading platform.

      • Competitive low commission charges
      • Permanent 0% sales charge on all funds and managed portfolios for all clients
      • FSM Managed Portfolios (MAPS) backed by experienced portfolio managers and research analysts.
      • An Investment Advisory Team to help you with investment advice or any second opinions you might need
      • GIRO service offers an automatic and convenient way of debiting payment from credit sale proceeds to your designated bank account.
      • Robo-advisory portfolio services
      • Choose from over 1,753 Unit Trusts at 0% Sales Charge
      • Over 2,126 Exchange Traded Funds (ETFs) offered by more than 287 leading fund managers providers.
      • Available for CPF / SRS Investments - Funds, ETFs, Stocks
      • Additionally, Many Seedly reviewers cite a positive experience with FSMOne's app interface and customer service.

      How to invest with FSMOne?

      1. Do It Yourself
        Build your portfolio according to your preferences and invest with a wide range of financial products
      2. Professional Guidance
        Whether you are a new investor, or simply need a second opinion on your current portfolio, FSMOne has an experienced Investment Advisory team to help. You can seek their opinions by making an appointment with their human Investment Advisers to discuss your investment needs, goals, and strategies for the future.
      3. FSM Managed Portfolio (FSM MAPS)
        FSM MAPS is an online Managed Portfolio Service that builds, monitors and balances your portfolio for you. Meaning, your portfolios are automatically being balanced and monitored by FSM's team of portfolio managers. With MAPS, investors can choose to invest every month (recurring) or invest once in one lump-sum.

      Types of Account Available with FSMOne Fundsupermart

      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) Accounts - Cash Upfront, MultiCurrency and Auto-Sweep
      • Corporate Account
      • Young Investors Programme

      Brokerage Fees and Charges of FSMOne

      The fees and charges of FSM One are as follows:

      Online charges

      • 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%

      Still need some help? Check out Seedly's Ultimate Online Brokerage Cheatsheet to get a second opinion!

      Contact FSMOne

      • Hotline: 6557 2853
      • Dealers' Night Desk: 6439 8007
      • Visit the FSMOne website for more details

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.