Since the launch of stocks and ETFs on FSMOne.com back in 2016, we have been pushing out various initiatives to allow our clients to potentially benefit from higher returns with low trading costs on FSMOne.com.
In November 2017, FSMOne.com also became the first retail broker in Singapore to offer a permanent flat fee of S$10 when trading SGX stocks/ETFs for our Gold & Diamond clients, regardless of their investment amount.
With effect from 18 January 2020, we will be extending the S$10* flat fee commission rate for SGX stocks/ETFs to Silver clients permanently. Now, other than our FSM Diamond & Gold clients, our Silver clients will also get to enjoy lower trading costs!
Be Savvy, Shine Like Silver, Gold & Diamond
Are you a frequent investor of SGX stocks/ETFs? The flat fee commission rate of S$10 for Silver/Gold/Diamond clients ensures you can save tremendously. It's time to aggregate your investment assets (Unit Trusts, Bonds, Stocks, ETFs) on FSMOne.com to benefit from the lower commission rates – the qualifying AUA is from S$100,000.
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If you are investing in a SGX-listed stock/ETF and have just placed a trade totalling S$20,000, the upfront commission fees that you may be paying outside FSMOne.com may be in the range of between $24 to $361.
On the other hand, on FSMOne.com, with our non-promotional commission rate at 0.08%, General tier clients will be paying $16 for a similar valued trade, whereas Silver, Gold and Diamond clients will just be paying a S$10 flat fee for the same trade! For investors who trade frequently, these trading costs may eventually add up and erode their profits (or exacerbate their losses). Do note as well that the SGX trades can be amalgamated, for more potential savings – read here on how this works.
1Calculated based on the cash/prefunded fees charged by other platforms
The Silvery Perks
A summary of the perks enjoyed by our Silver clients include:
- S$10* flat fee for SGX Stocks/ETFs permanently.
- +10% bonus reward points when buying into investment products on FSMOne.
- +10% bonus reward points for the first transaction in Unit Trusts, Wholesale/Retail Bonds, Bond Express, Stocks, ETFs and Managed Portfolios.
- +20% bonus reward points for investments made during birthday month.
- Get 100 HKEX price snaps after your first trade. Click here to learn more.
- Benefit from the Trade Amalgamation feature to maximise cost savings on intra-day trades.
Already a Silver tier client? Do you know you will be able to enjoy even more perks as a Gold or Diamond client:
- S$10* flat fee for SGX Stocks/ETFs permanently.
- No expiry of Rewards Points.
- Additional reward points (20%-40%) for investment product purchases, FSMOne Referral Program, and investments made during birthday month and on first transactions in Unit Trusts, Wholesale/Retail Bonds, Bond Express, Stocks, ETFs and Managed Portfolios2
- Exclusive access to dealers (for Diamond clients, and the Dealer's hotline number is shown after your login to FSMOne Account Summary page)3.
- One month live streaming of HKEX prices after the first trade / Discounted (10%-20%) Monthly Market Data Subscription Services (Live Stock Prices/Market Depth)3.
2Please refer to the FSMOne Prestige page for more details on additional reward points
3Please refer to the Trade with FSM page for more details
OPEN AN ACCOUNT
Don't have an FSMOne Account yet? Why not start one today?
Click here to open your free account and start investing globally and profitably today.
START TRADING WITH FSMOne
Ready to take advantage of the flat fee to invest in SGX listed stocks and ETFs? Click here to begin trading right away or click here to find out more details. Need some investment ideas? Read up articles written by our Stocks and ETF analysts in the Stock Idea and ETF Ideas sections on FSMOne.com, or find out what our external content partners have been covering in their commentaries in the Stock Hub and ETF Hub sections.
*Important Notes for S$10 Flat Fee Commission Rate
- The flat commission rate of S$10 (the "Flat Fee") is applicable for trades in SGX-listed Stocks and ETFs, and open to all Diamond, Gold and Silver clients. For more information on the respective statuses, please click here.
- The Flat Fee excludes CDP clearing fees and SGX trading fees, and prevailing GST charges apply.
- In the event that the proceeds are insufficient to cover the costs incurred in executing the trade, you shall be liable for the additional costs incurred. iFAST shall also reserve the right to deduct the shortfall from your Cash Account, your existing investment holdings, or any outstanding proceeds due to you.
- For non-SGD transactions for Stocks & ETFs listed on SGX, the following currency minimum charges apply - USD 10, AUD 10, EUR 10, GBP 10, CNY 50, HKD 50, JPY 800.
- Trades will automatically be amalgamated when the trades are of the same stock, currency, and trade date as well as the same mode of trade.
- The Flat Fee is valid on a single account basis only; two or more Fundsupermart accounts cannot be combined to be eligible for the flat S$10 commission rate.
- Minimum investment amount is required and dependent on the transacted price and quantity of the Stock/ETF you are buying.
- Only trades using Cash, CPFIS-OA and CPFIS-SA are eligible for Flat Fee Commission Rates (SRS and RSP transactions are not eligible)
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