If you’re looking for an all-in-one investment platform in Singapore, FSM Broker may be the solution you need. FSM Broker Singapore, formerly known as Fundsupermart, is a wealth management platform that provides a range of investment options such as cash, auto-sweep, funds, bonds, stocks, ETFs, managed portfolios, debit cards, and insurance. With FSM Broker, you can invest in Singapore, US, Hong Kong, China, Malaysia, and UK markets with just one account.
FSM Broker has been in the online investment platform business since 2000. Since then, it has grown to be the leading online investment platform of choice in Singapore. In 2007, FSM Broker expanded to Hong Kong, followed by Malaysia in 2008. FSM Broker offers a flat commission rate of S$8.80 on SGX trading, making it the first and only broker to offer such a rate in Singapore.
If you’re looking for a one-stop-shop for funds, bonds, stocks, ETFs, managed portfolios, debit cards, and insurance, FSM Broker may be the perfect platform for you. With its competitive fees and wide range of investment options, it’s no wonder FSM Broker is a popular choice for investors in Singapore and beyond.
Key Takeaways
- FSM Broker Singapore is an all-in-one investment platform that offers a range of investment options.
- FSM Broker has been in the online investment platform business since 2000 and has expanded to Hong Kong and Malaysia.
- FSM Broker offers a flat commission rate of S$8.80 on SGX trading, making it the first and only broker to offer such a rate in Singapore.
Overview of FSM Broker in Singapore
If you’re looking for an investment platform in Singapore, FSMOne is a great option to consider. It offers a wide range of investment products and services that can help you achieve your investment goals.
Investment Platform
FSMOne is an online investment platform that provides a user-friendly interface for investors to manage their investments. The platform is designed to be easy to use, with a simple and intuitive interface that allows you to access your investments quickly and easily.
Investment Products
One of the key features of FSMOne is the range of investment products available. The platform offers a wide selection of investment products such as unit trusts, mutual funds, bonds, exchange-traded funds (ETFs), stocks, and managed portfolios. You can invest in global and local markets such as US, SG, HK, China, MY & UK markets with just one account.
With FSMOne, you can also enjoy a multi-currency cash account that allows you to perform trades and settle payments immediately in all currencies. The platform is also one of the cheapest online brokerage platforms out there for Singapore retail investors, with no minimum balance or deposit required.
Overall, FSMOne is a great investment platform for those looking to invest in a wide range of investment products. With its user-friendly interface and low fees, it’s a great option for both new and experienced investors.
Account Types and Fees
Brokerage Account Types
When it comes to opening a brokerage account with FSMOne, you have two options: a CDP account or a custodian account. A CDP account is required if you want to hold shares in your own name, while a custodian account is required if you want FSMOne to hold your shares on your behalf.
Understanding Fees and Charges
FSMOne offers a flat processing fee of only S$8.80 for SGX-listed stocks and ETFs. This means that you can trade as much as you want, and you’ll only be charged S$8.80 per transaction. This is a great deal compared to other brokers in the market who charge a percentage of the transaction value.
In addition to the flat processing fee, FSMOne charges a platform fee of S$1 per month. This fee is waived if you make at least one trade per month. FSMOne does not charge any commission fees for buying and selling ETFs, but they do charge commission fees for buying and selling stocks.
If you’re opening a CDP account with FSMOne, you’ll need to make a minimum deposit of S$1,000. There are no custodian fees for holding shares in your CDP account, but there are custodian fees for holding shares in your custodian account.
Overall, FSMOne offers competitive fees and charges, making it a great option for investors who want to save on transaction costs.
Trading Options and Markets
When it comes to trading options and markets, FSMOne offers a wide range of investment products to choose from. In this section, we’ll explore some of the options available to you.
Stocks and Equities Trading
FSMOne gives you access to stocks in various markets, including the SGX, US, HK, China, and MY markets. You can trade these stocks through FSMOne’s platform at a flat rate of S$8.80 per trade for SGX-listed stocks and ETFs. For US stocks, you’ll pay 0.08% per trade, with a minimum of US$8.80.
Trading stocks and equities can be a great way to diversify your portfolio and potentially earn returns. FSMOne’s platform makes it easy to trade stocks and ETFs, with real-time market data and analysis tools to help you make informed decisions.
Exploring Bonds, ETFs, and Unit Trusts
In addition to stocks and equities, FSMOne also offers a range of other investment products, including bonds, ETFs, and unit trusts. With over 1,147 global and local bonds, 1,682 exchange-traded funds offered by more than 312 fund managers, and over 2,105 global unit trusts and mutual funds, you’ll have plenty of options to choose from.
Bonds can be a great way to diversify your portfolio and potentially earn steady returns. FSMOne offers a wide range of bonds, including government and corporate bonds, as well as high-yield bonds.
ETFs and unit trusts can also be great options for diversification. ETFs are a type of investment fund that tracks an index, while unit trusts are professionally managed funds that pool money from multiple investors. FSMOne offers a wide range of ETFs and unit trusts, making it easy to find the right investment for your needs.
Overall, FSMOne offers a wide range of investment products and options to choose from. Whether you’re interested in trading stocks, exploring bonds, or investing in ETFs and unit trusts, FSMOne’s platform makes it easy to get started. With a flat rate of S$8.80 per trade for SGX-listed stocks and ETFs, and a range of other competitive fees, FSMOne is a great choice for investors looking to diversify their portfolio and potentially earn returns.
Comparative Analysis with Competitors
FSMOne Versus Other Online Brokers
When it comes to choosing an online broker in Singapore, there are many options available. In this section, we will compare FSMOne with some of its competitors to help you make an informed decision.
Tiger Brokers
Tiger Brokers is another popular online brokerage in Singapore. While both FSMOne and Tiger Brokers offer commission-free trading, FSMOne has a wider range of products and services. FSMOne offers access to more markets, including bonds and unit trusts, while Tiger Brokers only offers access to stocks and ETFs. Additionally, FSMOne has a lower minimum investment amount, making it more accessible to beginner investors.
DBS Vickers
DBS Vickers is a well-established brokerage in Singapore. While DBS Vickers offers a wider range of products and services than FSMOne, it also charges higher fees. FSMOne offers commission-free trading on stocks, ETFs, and bonds, while DBS Vickers charges a minimum commission of $25 per trade. FSMOne also has a lower minimum investment amount, making it more accessible to investors with smaller portfolios.
Interactive Brokers
Interactive Brokers is a popular online brokerage that offers access to a wide range of global markets. While Interactive Brokers offers lower fees than FSMOne, it also requires a higher minimum investment amount. Additionally, Interactive Brokers charges a monthly fee for accounts with low balances, which may not be suitable for beginner investors.
Webull
Webull is a newer online brokerage that offers commission-free trading on stocks and ETFs. While Webull offers a wider range of products and services than FSMOne, it also requires a higher minimum investment amount. Additionally, Webull charges a monthly fee for accounts with low balances, which may not be suitable for beginner investors.
In summary, FSMOne offers competitive fees, a wide range of products and services, and a lower minimum investment amount than many of its competitors. While other online brokers may offer lower fees or a wider range of products and services, FSMOne is a great choice for beginner investors or those with smaller portfolios.
Enhanced Trading Features
As an investor, you need a broker that offers innovative tools and services to enable you to make informed investment decisions. FSMOne Singapore is one of the few brokers that provide such features.
Innovative Tools and Services
FSMOne Singapore’s trading platform is user-friendly and intuitive, making it easy for you to navigate and execute trades. The platform also comes with a range of tools and features to help you analyse the market, including real-time market data, advanced charting, and technical analysis tools.
One of the most exciting features of FSMOne Singapore is its robo-advisor, which uses artificial intelligence to help you build a diversified portfolio tailored to your investment goals and risk appetite. The robo-advisor also offers dollar-cost averaging, allowing you to invest regularly and automatically without having to worry about market volatility.
Support and Reliability
When it comes to investing, reliability is key. FSMOne Singapore offers a regular savings plan that allows you to invest in a range of funds and ETFs automatically, making it easier for you to stick to your investment plan.
FSMOne Singapore also offers an auto-sweep account, which automatically moves any uninvested cash in your account to a higher-yielding money market fund, earning you higher returns on your cash. This feature is particularly useful for investors who want to maximise their returns without having to actively manage their cash.
In terms of reliability, FSMOne Singapore has a solid reputation for providing excellent customer support. Its team of experienced professionals is always on hand to assist you with any queries or issues you may have.
Overall, FSMOne Singapore offers a range of innovative tools and services to help you make informed investment decisions. Its trading platform is user-friendly, and its robo-advisor and regular savings plan make it easier for you to build a diversified portfolio. With its excellent customer support and reliability, FSMOne Singapore is an excellent choice for investors looking for a broker that offers enhanced trading features.
Frequently Asked Questions
What are the latest reviews for the brokerage services in Singapore?
If you’re looking for reviews on FSM Broker Singapore, there are many websites where you can find them. Some popular options include TrustPilot, Google Reviews, and Seedly. These websites have reviews from real customers who have used the brokerage services in Singapore.
Where can I find the physical office location for the brokerage in Singapore?
The physical office location for FSM Broker Singapore is at 10 Collyer Quay, #27-01 Ocean Financial Centre, Singapore 049315. You can also contact them via phone at +65 6557 2853 or email at contact.sg@fsmone.com.
How do I initiate a login to my Singapore investment account?
To initiate a login to your Singapore investment account, go to the FSMOne website and click on the “Login” button on the top right corner of the page. You will then be prompted to enter your login credentials, which include your username and password.
Could you tell me about the fee structure for investing in Singapore?
The fee structure for investing in Singapore depends on the type of investment you make. FSM Broker Singapore offers a range of investment products, including stocks, bonds, exchange-traded funds (ETFs), and managed portfolios. Each of these products has its own fee structure, which you can find on the FSMOne website.
Is there a tool available to calculate potential fees for my investments?
Yes, FSMOne offers a tool called the “Fee Calculator” which allows you to estimate the fees you will incur when investing in Singapore. This tool takes into account the type of investment you make, the amount you invest, and the duration of your investment.
Who is the parent company of this Singaporean investment platform?
The parent company of FSM Broker Singapore is iFAST Corporation Ltd, which is a publicly listed company on the Singapore Exchange. iFAST Corporation Ltd operates in several countries, including Singapore, Hong Kong, Malaysia, and China, offering investment products and services to retail and institutional clients.
Overall, FSM Broker Singapore is a reliable and reputable investment platform that offers a range of investment products and services to its clients. With its user-friendly website, competitive fees, and excellent customer service, it’s a great option for anyone looking to invest in Singapore.