In the last Learning investing/trading post,i mention that i have started open an account with FundSuperMart(FSM),which has the lowest brokerage cost in Singapore(0.08% or a minimum of $10)
Surprisingly,the sign up process was easy using Singpass account and in about one day, i open a brokerage account with FSM.
So,why choose FSM as a brokerage?
Cheapest stock brokerages fees in Singapore at (0.08% or a minimum of $10)Good customer service,asked some queries on the account fee using the chat interface and was answer promptlyCons
No physical bank(Yes,some people prefer a brick and mortar bank)Must transfer money to FSM and they will update your account balance(Updating of balance in account generally takes an hour not immediate)Let's say you transfer $4000 at 3 PM to your FSM account,only at 4 PM then your account balance will show that you have $4000 transfer inHow to set up a FSM account?Sign up with a Singpost account and you are done,quick and easy!Onto the...