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.
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.
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.
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).