FSMOne Fundsupermart Reviews and Comparison - Seedly
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FSMOne Fundsupermart

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  • Reviews (165)
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Online Brokerages/FSMOne Fundsupermart
Online Brokerages/FSMOne Fundsupermart
4.3
165 reviews
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claimed

Claimed

This product is managed by Fundsupermart.

USER RATINGS

Customer Support

4.4

User Experience

4.3

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

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 (165)

4.3

165 Reviews

  • 5
    90
  • 4
    50
  • 3
    15
  • 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

      [Products Offered] Products offered is okay but I hope they can expand to offering trading in the UK or EU stocks. Also you still can’t buy/trade in commodities and forex. So I can share it is still limited to selective market only. [Customer Service] I once wrote an email to check on how to do overseas TT and it took a least a week to reply back. CS is very slow and no follow up. I would recommend them to improve in this as well.

      0

      Post
      Updated on 06 Dec 2020

      Purchased

      FSMOne Fundsupermart

      The unit trusts inter-switching, though free, takes an excruciatingly-slow amount of time for them to be reflected in my holdings. Customer service is another area which is lacking for their live chat function with an agent is almost-forever not available. Hence, improving CS is something they need to look into, including training their agents to LISTEN and not interject customers' speech. Coming to the technical aspect of their website/mobile app, I find them to be laggy and sometimes, it takes a ridiculous long amount of time for page to display its content fully. I even had to spam keys or mouse clicks to assure myself that I did entered something. Overall, the firm needs to improve on enhancing its user experience interface for customers and these include redesigning and revamping funds/etfs/stocks/bonds comparisons in a more accessible way and not in the laborious manner that it is now. Finally, transaction fees for stocks/etfs are abit on the high side, considering they are using a custodian account model for stock holding, meaning I don't directly own the shares I hold. One way they can improve on this is to provide lower fees as incentives for customers to trade more. Last but not least, I feel that their MAPS roboadvisor can be improved.

      1

      Terence Lee

      Terence Lee

      20 Dec 2020

      One way FSMone can improve is to charge lower commisions for stocks/ETFs buy and thereby, encourage higher trading transactions. I am currently considering on moving to another brokerage that charges way lower than FSMone's min $10 fee.
      Post
      Updated on 04 Dec 2020

      Purchased

      FSMOne Fundsupermart

      [Customer Service] After reading all the good reviews, I decided to open an FSM One account to apply for the IPO for Lion-OCBC Securities Hang Seng Tech ETF. I opted for the Auto-Sweep account and transferred in SGD $1,350 on 3 Dec. I realised several hours later that the payment will have to be HKD. I emailed to ask when the transaction will be reflected, to which the answer was the transfer request will take 1 business day and will only be reflected on 4 Dec, around 2-3pm. I also asked if I can convert currency in the Auto-Sweep account and the answer was that IPO subscription can only be settled using HKD Cash Account. I emailed back to then ask if whether I will need to top up another SGD $1,350 to my cash account so I can convert it to HKD before the IPO deadline of 4 Dec, 5pm. The reply was a generic one that did not address my concern, stating 'We will only credit the amount into your cash account if we have received the amount from your bank.' As of now, I have $1,350 in my Auto-Sweep account which I am trying to transfer to my Cash account but it will apparently take another business day, probably on 7 Dec. I tried to call in but am constantly put on hold and unable to connect. Hence, I have missed the IPO deadline. If the person who replied had addressed my concern on trying to meet the IPO deadline, I would have transferred in another $1,350 immediately into my Cash account. The platform looks promising with a variety of investment options, but my poor customer experience leaves a sour taste.

      0

      Post
      Updated on 30 Nov 2020

      Purchased

      FSMOne Fundsupermart

      FSMOne is simple and easy to use brokering platform with clear user interface and straightforward navigation. With transparent fees and charges. FSMOne breaks down its charges and has a reward system for loyal customers. FSMOne also provides detailed fund reviews and an education centre for new investors and holds webinars every now and then. Ultimately, FSMOne provides a wide range of funds, stocks and bonds that's easy for us to purchase.

      0

      Post
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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
      • Fax: 6557 2787
      • Visit the FSMOne website for more details

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