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PSA: FSM permanently reduces processing fee to $8.80 for SGX stocks and ETFs
By betterspider  •  April 4, 2021
FSM One announced that it will permanently reduce processing fees for SGX stocks and ETFs to just $8.80 per trade, regardless of trade amount. This pricing is permanent for all investors, and it further reduces the cost barrier to investing. Before this change, FSM charges $10 per transaction, in-line with competitors like Stanchart Online Trading and DBS Vickers Cash Upfront. For non-SGD transactions, the following rates apply: USD 8.80, AUD 8.80, EUR 8.80, GBP 8.80, CNY 50, HKD 50, JPY 800. Although the pricing is still not the lowest in the market – that’s where discount brokerages like Tiger Brokers (review) shine, FSM One is the cheapest brokerage for selling stocks/ETFs in your CDP account. If you’re looking to dollar cost average into ETFs, FSM One is still my preferred choice for ETF regular savings plans because it’s the cheapest all around. It is also running a promotion...
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By betterspider
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