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FSMOne Fundsupermart

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  • Reviews (238)
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Online Brokerages/FSMOne Fundsupermart
Online Brokerages/FSMOne Fundsupermart
4.3
238 reviews
claimed

Claimed

This product is managed by iFast Singapore.

USER RATINGS

Customer Support

4.4

User Experience

4.4

FSMOne Fundsupermart

$8.80

MINIMUM FEE

0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

FSMOne Fundsupermart

$8.80

MINIMUM FEE

0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

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 (238)

4.3

238 Reviews

  • 5
    129
  • 4
    76
  • 3
    21
  • 2
    5
  • 1
    7

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    pinned

    Pinned by iFast Singapore

      28 Jun 2021

      Purchased

      FSMOne Fundsupermart

      [Features] I just recently signed-up after reading a lot of good reviews about the platform. So signing-up is very easy, you can use MyInfo or just manually fill-up, either way--it's no hassle. My account was activated within a day. Their website is filled with tons of information, insights, recommendation and news that are very helpful in your investment journey. [User Interface] [Features] The phone app feels old-school to me ..but hey it's very functional so no complain at all. I am still familiarising myself with the whole thing though. :D I also tried contacting Customer Support via chat to ask some questions, I think I waited for a minute or two and that's it. [Commission Rates] Depositing funds is very easy & instant using FAST. I signed up for ETF RSP and Unit Trust. I believe that they have the most decent fee for RSP (cash-buy only) for ETF & UTs at 0.08% or min SGD1/USD1. If you're buying & holding for long-term, then the buying or selling fees will just be negligible later on. Whilst if you buy UT, there is no buy/ sell charge though there is quarterly platform charge at 0.05-0.0875%. [Others] I believe that they still have ongoing promotions of 0% processing fee for ETF RSP--which is definitely a good offer! Will probably update again after a few months with regards to investment returns, selling and/ or withdrawal.

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      Posted 4d ago

      Purchased

      FSMOne Fundsupermart

      [User Interface] Really clean and easy to navigate around. It takes some getting used to but after awhile everything will click. [Customer Service] When I had a problem and contact their CS, they were very prompt and quick to rectify my issue. Very good attitude and I didn't have to wait on the line at all [Market Access] Able to access US, HK and SG markets easily. [Commission Rates] They recently dropped their rates but it's not as competitive as the rest of what the market has to offer. But because I don't trade that frequently it doesn't bother me that much

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      Posted 24d ago

      Purchased

      FSMOne Fundsupermart

      The interface is not as seemingly as compared to other roboadvisors platform but there is a wide selection of funds and ETF. Overall, not bad.

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      Posted 24d ago

      Purchased

      FSMOne Fundsupermart

      This is my first ever brokerage application! I initially use this app to purchase stocks! For beginners, the UI/UX of the website is quite a bit of a learning curve. You have to spend some time navigating it and exploring such that it gets intuitive after some time. The commission fee is pretty high as compared to other brokers such as Tiger / Moomoo. If you're looking to use FSMOne account, one of its advantage is that it offers the lowest buying fees of $1 for Singapore ETFs compared to other banks. It is also a great brokerage in providing investors' information such as detailed reports on companies, etc. It also frequently organises webinars with industry experts, ranging from basic investing tips to sector related issues. I guess that is what you are paying for with the high commission rate. Other than these purposes, I have since deposited my funds in other brokers.

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      Posted 24d ago

      Purchased

      FSMOne Fundsupermart

      I use FSMOne Fundsupermart primarily for their RSP offerings, which I was rather impressed with. They offer a wide variety of ETFs for DCA purposes at very competitive rates. The signup process was also straightforward and quick.

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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$8.80
      • 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.