If you’re looking for a reliable and hassle-free way to invest in multiple markets, then you need to read this FSMOne Online Brokerage Review Singapore and could be the solution you’re looking for. With a flat processing fee of SGD 8.80 for all clients and low minimum commission fees of 0.08% for the US, China, Malaysia, and Hong Kong, FSMOne is a cost-effective way to invest in a wide range of financial instruments.
FSMOne offers a range of investment products, including stocks, ETFs, bonds, and unit trusts, making it a versatile platform for investors of all levels. Additionally, FSMOne offers a range of special features, such as a rewards program, robo-advisory service, and access to exclusive investment opportunities.
Key Takeaways
- FSMOne is a reliable and cost-effective online brokerage platform in Singapore.
- The platform offers a wide range of investment products and special features, such as a rewards program and robo-advisory service.
- FSMOne is a versatile platform suitable for investors of all levels.
FSMOne Online Brokerage Review Singapore: The Overview
If you are looking for an online brokerage platform that offers a wide range of investment options, then FSMOne might be the perfect choice for you. In this section, we will provide you with an overview of FSMOne, including its company history and market presence.
Company History
FSMOne is a Singapore-based investment platform that was launched in December 2016. It is owned by iFAST Corporation, which is a leading wealth management fintech platform in Asia. FSMOne was created to provide a seamless service to the investors’ community in Singapore.
Since its launch, FSMOne has gained a reputation for being a reliable and user-friendly platform. It offers a variety of investment options, including stocks, ETFs, Structured Warrants, Daily Leveraged Certificates, bonds, funds, and managed portfolios. FSMOne has also won several awards for its services, including the Fundsupermart Singapore’s Most Popular Online Unit Trust Distributor award for 10 consecutive years.
FSMOne Online Brokerage Review Singapore: Market Presence
It has a strong market presence in Singapore and is one of the most popular investment platforms in the country. It has a user-friendly interface that makes it easy for users to navigate and find the investment options they are looking for.
One of the advantages of using FSMOne is its low minimum commission fees of 0.08% for the US, China, Malaysia and Hong Kong. FSMOne also charges a flat processing fee of SGD 8.80 for all clients, making it an affordable option for investors who plan to trade large amounts.
Overall, FSMOne is an excellent investment platform for anyone looking to invest in a wide range of investment options. With its user-friendly interface, low commission fees and strong market presence in Singapore, it is definitely worth considering if you are looking for an investment platform that offers a variety of investment options.
FSMOne Online Brokerage Review Singapore: Account Opening Process
Opening an account with FSMOne is a simple and straightforward process. In this section, we will guide you through the documentation required and the different account types available.
FSMOne Online Brokerage Review Singapore: Documentation Required
To open an account with FSMOne, you will need to provide the following documents:
- A copy of your NRIC or passport
- Proof of address (e.g. utility bill, bank statement)
- Employment information (e.g. payslip)
The documents can be uploaded directly to the FSMOne website during the account opening process. Once your account is approved, you will receive an email notification.
Account Types
FSMOne offers two types of accounts: CDP Account and Custodian Account.
CDP Account
If you are a Singaporean or Permanent Resident, you can open a CDP Account with FSMOne. A CDP Account is required for trading Singapore-listed stocks. FSMOne will guide you through the process of opening a CDP Account during the account opening process.
Custodian Account
If you are a foreigner or do not wish to open a CDP Account, you can open a Custodian Account with FSMOne. A Custodian Account allows you to trade foreign-listed stocks, ETFs, and other securities.
In conclusion, opening an account with FSMOne is a hassle-free process that can be completed online. With a range of account types to choose from, you can select the one that best suits your investment needs.
Investment Products Offered
FSMOne offers a variety of investment products to help you build a diversified portfolio. Here are the investment products you can choose from:
Stocks and ETFs
FSMOne allows you to invest in stocks and exchange-traded funds (ETFs) listed on the Singapore Exchange (SGX). You can choose from a wide range of SGX-listed stocks and ETFs, including popular names such as DBS Group Holdings, Singtel, and Nikko AM STI ETF. FSMOne also offers access to global markets, including the US, Hong Kong, and Japan.
Bonds and Unit Trusts
FSMOne also offers a selection of bonds and unit trusts for investors who prefer a more conservative approach. You can choose from a range of bonds issued by the Singapore government and corporations. FSMOne also offers access to unit trusts managed by reputable fund managers such as Aberdeen Standard Investments, BlackRock, and Schroders.
Insurance and Managed Portfolios
FSMOne also offers insurance products and managed portfolios for investors who want to take a hands-off approach. You can choose from a range of insurance products, including life insurance and critical illness insurance. FSMOne also offers managed portfolios that are designed to meet your investment goals and risk tolerance. These portfolios are managed by experienced professionals who will make investment decisions on your behalf.
Overall, FSMOne offers a comprehensive range of investment products to suit investors of all levels. Whether you are looking to invest in stocks, bonds, or unit trusts, or prefer a more hands-off approach with insurance products or managed portfolios, FSMOne has something for you.
Trading Platforms and Tools
FSMOne offers a user-friendly interface that allows you to trade stocks, bonds, unit trusts, and ETFs seamlessly. You can access the platform through its desktop or mobile app, which is available for both iOS and Android devices.
Desktop and Mobile App
FSMOne’s desktop platform is well-designed and easy to navigate. It provides you with a comprehensive overview of your account, including your portfolio, watchlist, and transaction history. You can also customize your dashboard by adding widgets to track your investments’ performance.
The mobile app is equally impressive, with a sleek and intuitive interface that allows you to trade on the go. You can view your portfolio, place orders, and track your investments’ performance from anywhere, at any time.
Research and Analysis Resources
FSMOne provides you with a range of research and analysis resources to help you make informed investment decisions. You can access market news, company reports, and analyst recommendations from the platform’s research tab.
The platform also offers a range of tools to help you analyze your investments’ performance. You can use the portfolio analyzer to track your portfolio’s performance and identify areas for improvement. The risk profiler tool helps you assess your risk tolerance and suggests suitable investment options based on your risk profile.
Overall, FSMOne’s trading platform and tools are impressive, with a user-friendly interface and a range of research and analysis resources to help you make informed investment decisions. Whether you prefer to trade on your desktop or mobile device, FSMOne has you covered.
Fees and Charges
FSMOne Online Brokerage offers competitive fees and charges to its clients. Here are the details of the fees and charges that you will incur when you use FSMOne Online Brokerage:
Commission Fees
FSMOne Online Brokerage charges a flat rate commission fee of SGD 8.80 for all its clients. This means that you will be charged SGD 8.80 for every trade you make, regardless of the size of the trade. The commission fee is the same for all markets, including Singapore, US, China, Malaysia, and Hong Kong.
Platform and Processing Fees
In addition to the commission fee, FSMOne Online Brokerage also charges platform and processing fees. The platform fee is charged by FSMOne for the use of its online trading platform, while the processing fee is charged by the relevant exchange or clearing house for the processing of your trades.
The platform fee is a flat rate of SGD 0.50 per trade, while the processing fee varies depending on the market and the size of the trade. For Singapore stocks, the processing fee is 0.0325% of the trade value, with a minimum of SGD 2.50 and a maximum of SGD 100.
While for US stocks, the processing fee is 0.0035 USD per share, with a minimum of USD 0.35 and a maximum of USD 1.50. For Hong Kong stocks, the processing fee is 0.005% of the trade value, with a minimum of HKD 15 and a maximum of HKD 100.
Other Associated Costs
Apart from the commission fee, platform fee, and processing fee, there are other associated costs that you may incur when you use FSMOne Online Brokerage. These costs include the Goods and Services Tax (GST) and the foreign exchange fee.
The GST is a tax levied by the Singapore government on the commission fee, platform fee, and processing fee. The current rate of GST is 7%. The foreign exchange fee is charged when you trade in a foreign currency. The fee is 0.1% of the trade value, with a minimum of SGD 10 and a maximum of SGD 100.
Overall, FSMOne Online Brokerage offers competitive fees and charges to its clients. The flat rate commission fee of SGD 8.80 is one of the lowest in the market, and the platform and processing fees are also reasonable. However, it is important to note that the associated costs, such as the GST and foreign exchange fee, can add up and increase the overall cost of trading.
International Markets Access
Are you interested in trading in international markets? FSMOne Online Brokerage provides access to various international markets, allowing you to diversify your portfolio and take advantage of global opportunities.
US and Hong Kong Markets
If you’re interested in trading US stocks, FSMOne allows you to do so with ease. You can trade US stocks on the NYSE, NASDAQ, and AMEX exchanges. FSMOne also provides access to Hong Kong’s stock market, which is one of the largest in Asia. With FSMOne, you can trade Hong Kong stocks listed on the HKEX.
Malaysia and China Markets
FSMOne also provides access to the Malaysian and Chinese stock markets. You can trade Malaysian stocks listed on the Bursa Malaysia exchange, as well as Chinese stocks listed on the Shanghai and Shenzhen exchanges. This gives you the opportunity to invest in some of the largest and fastest-growing economies in Asia.
FSMOne also provides access to other international markets, including those in Australia, Japan, and the UK. You can trade securities listed on these exchanges, including SGX stocks.
Overall, FSMOne Online Brokerage provides access to a wide range of international markets, allowing you to diversify your portfolio and take advantage of global opportunities.
Special Features
Are you looking for an online brokerage platform that offers a range of special features? FSMOne could be the right choice for you. Here are some of the unique features that FSMOne offers:
Robo-Advisor Services
FSMOne’s robo-advisor service, named “FSM MAPS,” is designed to help you make investment decisions based on your risk profile and investment goals. FSM MAPS uses algorithms to recommend a portfolio of funds that suits your investment needs. You can choose from different MAPS portfolios based on your investment goals and risk tolerance.
FSM MAPS also offers regular rebalancing of your portfolio to ensure that your investments remain aligned with your investment goals. The service is available for a minimum investment amount of SGD 1,000.
Regular Savings Plan
FSMOne’s Regular Savings Plan (RSP) allows you to invest in a range of funds with a minimum investment amount of just SGD 50 per month. The RSP enables you to invest regularly in your chosen funds, allowing you to take advantage of dollar-cost averaging. FSMOne offers a wide range of funds to choose from, including equity, bond, and mixed-asset funds.
The RSP also allows you to adjust your investment amount or suspend your investment plan at any time, giving you flexibility and control over your investments.
Auto-Sweep Account
FSMOne’s Auto-Sweep Account is designed to help you maximize the returns on your cash holdings. The account automatically transfers any uninvested cash in your FSMOne account to a money market fund, which earns a higher interest rate than a regular savings account.
The Auto-Sweep Account also ensures that you always have sufficient funds available to make your investment transactions. The account is available to all FSMOne clients, and there are no fees or charges for using the service.
In conclusion, FSMOne offers a range of unique features that can help you achieve your investment goals. Whether you’re looking for a robo-advisor service, a regular savings plan, or an auto-sweep account, FSMOne has got you covered.
Customer Service and Support
FSMOne Online Brokerage offers excellent customer service and support to its clients. The platform has a comprehensive FAQ section that covers most of the common queries that clients may have. The FAQ section is well-organised, and you can easily find the information you need by using the search bar or browsing through the categories.
If you need further assistance, you can contact FSMOne’s customer support team via email or phone. The customer support team is knowledgeable and responsive, and they will help you resolve any issues you may have. FSMOne also has a live chat feature that you can use to get quick answers to your queries.
FSMOne’s customer support team is available from Monday to Friday, from 9 am to 6 pm. The platform also has an emergency hotline that you can call in case of urgent issues outside of these hours. The emergency hotline is available 24/7, and you can get in touch with a representative who will assist you promptly.
Overall, FSMOne Online Brokerage’s customer service and support are top-notch. The platform has invested heavily in its customer support infrastructure, and it shows in the quality of service that clients receive. Whether you need help with navigating the platform, placing trades, or resolving technical issues, FSMOne’s customer support team is always ready to assist you.
Security and Regulation
When it comes to investing your hard-earned money, you want to be sure that your investment is safe and secure. FSMOne is a regulated online brokerage platform in Singapore, which means that it is subject to the regulations set by the Monetary Authority of Singapore (MAS). This regulatory body oversees the securities industry in Singapore, ensuring that all financial institutions operate in a fair and transparent manner.
In addition to being regulated by MAS, FSMOne is also CDP-Linked. This means that your securities holdings are held in custody by the Central Depository (CDP), which is a subsidiary of the Singapore Exchange (SGX). This provides an additional layer of security for your investments, as the CDP acts as a neutral third party to hold and settle your securities transactions.
FSMOne takes security seriously and has implemented various security measures to protect your account and investments. These measures include two-factor authentication, SSL encryption, and regular security audits. With these measures in place, you can be confident that your account and investments are safe and secure.
In summary, FSMOne is a regulated online brokerage platform in Singapore that is subject to the regulations set by MAS. It is also CDP-Linked, which means that your securities holdings are held in custody by the CDP. FSMOne takes security seriously and has implemented various security measures to protect your account and investments. With FSMOne, you can invest with peace of mind, knowing that your investments are safe and secure.
FSMOne Online Brokerage Review Singapore: Comparative Analysis
FSMOne vs Other Brokerages
If you are looking for an online brokerage platform in Singapore, you have a plethora of options to choose from. FSMOne is one such platform that has gained a lot of popularity among investors. In this section, we will compare FSMOne with some of the other popular brokerages in Singapore.
FSMOne vs Tiger Brokers
Tiger Brokers is a popular online brokerage platform that offers low commission rates and a user-friendly interface. However, FSMOne has a wider range of investment products, including mutual funds, bonds, and ETFs. Additionally, FSMOne offers a flat processing fee of SGD 8.80 for all clients, while Tiger Brokers charges a minimum commission of SGD 2.88 per trade.
FSMOne vs DBS Vickers
DBS Vickers is a well-established brokerage platform in Singapore that offers a wide range of investment products, including stocks, bonds, and mutual funds. However, FSMOne has a more user-friendly interface and offers lower commission rates. Additionally, FSMOne offers a rewards program that allows investors to earn points for every trade they make, which can be redeemed for cash rebates or vouchers.
FSMOne vs UOB Kay Hian
UOB Kay Hian is a popular brokerage platform that offers a wide range of investment products, including stocks, bonds, and mutual funds. However, FSMOne has a more user-friendly interface and offers lower commission rates. Additionally, FSMOne offers a flat processing fee of SGD 8.80 for all clients, while UOB Kay Hian charges a minimum commission of SGD 25 per trade.
FSMOne vs POEMS
POEMS is a popular brokerage platform in Singapore that offers a wide range of investment products, including stocks, bonds, and mutual funds. However, FSMOne has a more user-friendly interface and offers lower commission rates. Additionally, FSMOne offers a rewards program that allows investors to earn points for every trade they make, which can be redeemed for cash rebates or vouchers.
FSMOne vs OCBC Securities
OCBC Securities is a well-established brokerage platform in Singapore that offers a wide range of investment products, including stocks, bonds, and mutual funds. However, FSMOne has a more user-friendly interface and offers lower commission rates. Additionally, FSMOne offers a rewards program that allows investors to earn points for every trade they make, which can be redeemed for cash rebates or vouchers.
FSMOne vs CGS-CIMB Securities
CGS-CIMB Securities is a popular brokerage platform in Singapore that offers a wide range of investment products, including stocks, bonds, and mutual funds. However, FSMOne has a more user-friendly interface and offers lower commission rates. Additionally, FSMOne offers a rewards program that allows investors to earn points for every trade they make, which can be redeemed for cash rebates or vouchers.
FSMOne vs Moomoo
Moomoo is a relatively new brokerage platform in Singapore that offers a wide range of investment products, including stocks, bonds, and mutual funds. However, FSMOne has a more user-friendly interface and offers lower commission rates. Additionally, FSMOne offers a rewards program that allows investors to earn points for every trade they make, which can be redeemed for cash rebates or vouchers.
In conclusion, FSMOne is a reliable and user-friendly brokerage platform that offers a wide range of investment products and lower commission rates compared to many of its competitors. Additionally, its rewards program is a great way for investors to earn cash rebates or vouchers while trading.
FSMOne Online Brokerage Review Singapore: Promotions and Offers
If you’re looking for a good deal, FSMOne has a few promotions and offers that you might find exciting. Here are some of the current promotions:
- SGX Trading Promotion: For a limited time, you can enjoy a 0.08% commission rate for SGX trades. This is a great opportunity to save on your trades and maximise your returns.
- Referral Programme: If you refer a friend to FSMOne, you can earn up to S$50 in FSMOne Credits. Your friend will also receive S$50 in FSMOne Credits when they sign up and make their first trade. It’s a win-win situation!
- New Account Promotion: If you’re a new customer, you can enjoy a promotion that gives you up to S$50 in FSMOne Credits when you make your first trade. This is a great way to start your investment journey with FSMOne.
In addition to these promotions, FSMOne also offers regular savings plans that can help you save on your investments. For example, the Regular Savings Plan allows you to invest in a variety of funds with a minimum investment of just S$50 per month. This is a great way to build your investment portfolio over time.
Overall, FSMOne has some great promotions and offers that can help you save on your investments and maximise your returns. Be sure to check out their website for the latest promotions and offers.
FSMOne Online Brokerage Review Singapore: User Experience
When it comes to online brokerages, user experience is of utmost importance. FSMOne has a user-friendly website that is easy to navigate. The website is well-organized and provides you with all the information you need to make informed investment decisions.
Website Navigation
The website is designed to be easy to use and navigate. The homepage provides you with an overview of your investment portfolio, including your account balance and the performance of your investments. You can also access your transaction history and account statements from the homepage.
The website also provides you with a range of tools and resources to help you make informed investment decisions. You can access research reports, market news, and analysis tools. The website also provides you with a list of recommended funds based on your investment profile.
Account Management
FSMOne makes it easy to manage your investment portfolio. You can easily view your account balance and transaction history from the website. You can also make deposits and withdrawals from your account directly from the website.
The website also provides you with a range of tools to help you manage your investments. You can set up automatic investments, view your investment performance, and track your investment goals.
Overall, FSMOne provides a user-friendly website that is easy to navigate and provides you with all the tools and resources you need to manage your investment portfolio. Whether you’re a beginner or an experienced investor, FSMOne is a great choice for managing your investments.
FSMOne Online Brokerage Review Singapore: Pros and Cons
Advantages
FSMOne Online Brokerage is one of the best investment platforms in Singapore. It offers a wide range of investment products, including stocks, bonds, ETFs, and mutual funds. Here are some of the advantages of using FSMOne:
- Low Fees: FSMOne charges a flat processing fee of SGD 8.80 for all clients. This is significantly lower than the fees charged by other online brokerages in Singapore. Moreover, FSMOne offers free ETF trades, which is a huge advantage for investors who prefer to invest in ETFs.
- Minimum Deposit: FSMOne has no minimum deposit requirement, which means that you can start investing with as little as SGD 1. This is a great advantage for new investors who are just starting out.
- Minimum Commission: FSMOne has low minimum commission fees of 0.08% for the US, China, Malaysia, and Hong Kong. This is a huge advantage for investors who trade frequently.
- Minimum Balance: FSMOne does not require a minimum balance, which means that you can invest as much or as little as you want.
Disadvantages
While FSMOne has many advantages, there are also some disadvantages to using this platform:
- Limited Investment Products: FSMOne does not offer as many investment products as some of its competitors. For example, it does not offer futures or options trading.
- Limited Research Tools: FSMOne’s research tools are not as comprehensive as some of its competitors. While it does offer some research tools, they are not as advanced as what you would find on other platforms.
- Limited Customer Support: FSMOne’s customer support is not available 24/7. This can be a disadvantage if you need help outside of business hours.
Overall, FSMOne is a great investment platform for investors who are looking for low fees, low minimum deposit, low minimum commission, and no minimum balance. While it may have some limitations, it is still a great choice for investors who want to start investing in Singapore.
FSMOne Online Brokerage Review Singapore: Conclusion and Recommendations
Congratulations! You have reached the end of our FSMOne Online Brokerage Review Singapore. By now, you should have a good understanding of what FSMOne offers as an online brokerage platform and how it can help you achieve your investment goals.
As an investment broker, FSMOne provides a wide range of investment products and services, including global unit trusts, mutual funds, bonds, exchange-traded funds, and stocks from various markets. With its low processing fees and commission rates, FSMOne is an affordable option for investors who are looking to trade large amounts.
FSMOne is an excellent online brokerage platform that caters to long-term investors. Its managed portfolio services and low minimum commission fees make it an attractive option for those who wish to invest in the US, China, Malaysia, and Hong Kong markets.
In terms of strategies, FSMOne offers several tools and resources to help investors make informed decisions. Its research reports, market updates, and investment ideas can help you stay up-to-date with the latest market trends and make informed investment decisions.
Overall, we highly recommend FSMOne as an online brokerage platform for long-term investors. With its wide range of investment products and services, low processing fees and commission rates, and useful tools and resources, FSMOne is an excellent choice for anyone looking to start their investment journey.
Frequently Asked Questions
What thrilling promotions does FSMOne currently offer for new clients?
FSMOne offers exciting promotions for new clients, such as cash rewards and commission waivers. For instance, you can receive a cash reward of up to $100 when you open a new account with FSMOne and fund it with a minimum amount. Keep an eye on their website for the latest promotions.
How secure is investing with FSMOne, and what measures do they take to protect investors?
Investing with FSMOne is secure, and they take several measures to protect their investors. FSMOne uses two-factor authentication to secure your account, and they also use SSL encryption to protect your personal information and transactions. FSMOne is also regulated by the Monetary Authority of Singapore (MAS), which means that they must adhere to strict guidelines and regulations.
Can you tell me about the exhilarating features of FSMOne MAPS?
FSMOne MAPS (Managed Portfolio Service) is an exciting feature that allows you to invest in a diversified portfolio of ETFs (Exchange Traded Funds) and mutual funds. It is designed to help you achieve your investment goals, whether you’re saving for retirement or building wealth. FSMOne MAPS also offers a range of risk profiles to suit your investment preferences.
What’s the minimum deposit to jump-start my investment journey with FSMOne?
The minimum deposit to start investing with FSMOne is only $1,000. This makes it accessible for beginners who are just starting their investment journey.
Are there any fees to be aware of when setting up a Regular Savings Plan with FSMOne?
Yes, there are fees associated with setting up a Regular Savings Plan with FSMOne. The fees include a sales charge, management fee, and platform fee. However, FSMOne offers competitive fees compared to other online brokerages in Singapore.
How can I benefit from using an FSMOne referral code?
Using an FSMOne referral code can earn you and your friend a cash reward when they open a new account with FSMOne and fund it with a minimum amount. You can find your unique referral code in your account dashboard. Share it with your friends and family to earn rewards together.
