You can refer to this article by Straits Times - iFast Financial launches stock-dealing services on FSMOne platform for more information but here is the summary:
Investors can trade in stocks and ETFs at 0.12 per cent and 0.08 per cent respectively (minimum of S$10 per trade), the company said in a release on SGX.
With the launch of SGX-listed stocks and ETFs on FSMOne, we are leading the commission rates for stocks and ETFs down.
That sounds great but wait a minute, SCB has been doing that all along (minimum commission of $10)! At the back of my mind, I was wondering if FSMOne is depositing the shares to your CDP or functioning as a custodian account. It would only make a difference if the shares are deposited to CDP since SCB is a custodian account. So I went to their site and read up on the ...
