FSMOne Fundsupermart Reviews and Comparison - Seedly
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FSMOne Fundsupermart

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  • Reviews (148)
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Online Brokerages/FSMOne Fundsupermart
Online Brokerages/FSMOne Fundsupermart
4.4
148 reviews

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

    FSMOne Fundsupermart

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

Details

FSM One Fundsupermart Review 2020

FSM One is an online brokerage platform founded by Fundsupermart in 2000. It is one of the most competitively-priced online brokerages available in Singapore with a transparent fee of 0.08% sales charge for all ETFs or Stocks. FSM One offers various types of accounts, catered to the different needs of the individual investor, from young investors to cash and multi-sweep account.

With FSMOne, you can trade Stocks, REITs, ETFs, Bonds, Funds and retirement investing using CPF/SRS. As an investor, you can choose to invest with FSMOne one your own (Do-it-yourself), via professional guidance through their experienced Investment Advisers who will help to customise portfolios to suit your risk profile, or through FSM's Managed Portfolio (MAPS).

Read More about FSMOne Fundsupermart
Reviews (148)

4.4

148 Reviews

  • 5
    82
  • 4
    48
  • 3
    12
  • 2
    3
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Pinned by Fundsupermart

  • Updated on 30 Jun 2020

    Purchased

    FSMOne Fundsupermart

    I feel this is the only brokerage that listens to its clients. There are three things that I like about FSMone. 1. Custodian account is known for not allowing investors to attend AGM. FSMOne should be the only brokerage that gives investors an option to attend one without any cost. 2. FSMOne ETF RSP is really a godsend for me to diversify into US market when I was still not familiar with it. 3. I have stocks in my CDP and selling on FSMOne is the cheapest as the commission is the same as if shares were kept on FSMOne at min $10.
    3 comments
    3

    1 more comments

    Tan Wei Ming
    Tan Wei Ming

    26 Jul 2020

    Sorry for the late reply. Didn't really look at this. I usually deposit SGD into their cash account using FAST transfer and exchange on their platform.
    Chiu Koon Hung
    Chiu Koon Hung

    3w ago

    Hi Wei Ming, just a quick question. If I sell my foreign shares, do i get to keep the cash in Foreign currency or will it be auto converted back to SGD? Thank you :)
    Post
  • Updated 4w ago

    Purchased

    FSMOne Fundsupermart

    Iam a FSM current user. Beware of the new cash account "Auto-sweep account" they introduced recently, which they advertised that no "platform fee" would be charged, but they introduced a new type of fee called "management fee" of 0.05% per quarter. The funny thing is when the new management fee deducted from your cash account, it was charged with a name of "Platform fee withdrawal" (I guess the technician maybe forget to update the fee name?). So FSM is telling you that, I will not charge you Fee A, but will charge you a new Fee B, and Fee A = Fee B (both 0.05% per quarter). I think that is not an ethical company should do, so Iam clearing my balance stocks and leaving.
    3 comments
    2

    1 more comments

    Eden Henderson

    2w ago

    Thanks, not signing up
    FSMOne.com
    FSMOne.com

    2w ago

    Hi Frank, Jennifer here from FSMOne.com. Thank you your feedback and I would like to clarify that the fee you have been charged on the Auto-Sweep holdings are the management fees and are not platform fees. The FSM Auto-Sweep Account is a cash management account that FSMOne manages on a discretionary basis. This account invests into various money market funds and cash to provide investors seamless liquidity and higher yield at the same time. Here at FSMOne.com, we have always sought to be upfront and transparent about all of our charges and the FSM Auto-Sweep Account is no different. The management fee of 0.05% per quarter or 0.2% per annum is reflected openly on our Auto-Sweep Account product page (https://secure.fundsupermart.com/fsm/cash/autosweep-account) as well as on our Pricing Structure page (https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure). In addition, we also display the latest net yield for the FSM Auto-Sweep Account having already taken into account the fund-related expenses and the FSM management fee, giving you the most realistic figure possible. This figure is also updated and shared on a weekly basis so that investors will always have the most relevant and transparent information on hand. I hope this serves to clarify. If you have anything further you would find out about, feel free to email me directly at [email protected], and I will be happy to discuss this further.
    Post
  • Updated 4w ago

    Purchased

    FSMOne Fundsupermart

    [User Interface] Platform is easy to access and navigate Wide range of products from Holding Account, Money Market, Unit Trust, ETF, Equities Overall, FSMOne is a great platform for budding investors
    0 comments
    1
    Post
  • Updated on 25 Aug 2020

    Purchased

    FSMOne Fundsupermart

    [Commission Rates] One of cheaper commission rates compared to many other local brokerages. FSMOne has also been around for a long time if anyone is worried about it's reliability [User Interface] The app had gone through a revamp recently, which I feel navigation across various functions is relatively easier and clean (addition of more icons to replace words) [Market Access] The only thing which I feel is lacking is LSE products [Features] One of the cheapest RSP programs available to allow monthly DCA, although the addition of quarterly/ semi-annually RSP will be great. Hope they will implement this in the future.
    0 comments
    1
    Post
  • Updated on 24 Aug 2020

    Purchased

    FSMOne Fundsupermart

    The previous interface for logging was easier as I can just unlock via Face ID. The current log in requires me to type out my username and password which is quite a hassle. Not sure if it’s due to certain setting? Overall, FSM is really a great platform to place trades like UT, Stocks etc.. one thing I don’t like is the requirement to submit DDA for RSP. Although the customer service advise that I can fund in cash in the cash account. But the cash account pays rather miserable interest. Funding the account is easy via FAST and it takes around or even less than 30 mins for the fund to be in the FSM cash account. Entering into UT and stocks is really easy. Customer service is really helpful but sometimes you might have to wait up to 10 mins for an agent to attend to you. But they were really nice and friendly in advising you through the navigation around the system. One thing I dislike is a minimum amount to be transferred out from the cash account to your registered and verified bank account. Not sure about the pricing if it’s competitive as I never really research on other platforms.
    0 comments
    1
    Post
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Features and Benefits of FSMOne Fundsupermart

FSM One offers a few types of services on their 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 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

  • 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