We empower you to unlock your money potential and build your diversified portfolio. With ease of access to a world of investment possibilities, including Unit Trusts, Stocks, ETFs, Bonds, Managed Portfolios, and Insurances, all in One place, you can shape your financial future with confidence.
What is FSMOne？
FSMOne, regulated by SFC and MAS, offers a user-friendly trading app with live chat support. However, it lacks forex and crypto trading, access to IPOs, and has limited educational content.
Pros and Cons of FSMOne？
FSMOne, regulated by both the SFC and MAS, offers a range of investment opportunities with the assurance of strong regulatory oversight. It provides live chat support for quick and convenient assistance. However, the platform does not support forex or crypto trading and does not offer access to IPOs. Additionally, it features a limited range of educational content, which might be a drawback for those seeking extensive learning resources.
Is FSMOne safe？
Regulations
FSMOne is currently licensed under the Securities and Futures Commission (SFC) with license number AMY844 and regulated by the Monetary Authority of Singapore (MAS).
Funds Safety
Client funds are securely segregated from the companys assets and are protected in client trust accounts.
What are securities to trade with FSMOne？
FSMOne offers a variety of trading instruments, including stocks, bonds, ETFs, unit trusts, managed portfolios, and insurance products. However, it does not provide access to options, futures, or other derivatives.
Funds: A fund (also known as unit trust or mutual fund) pools money from many investors and is then invested in a wide range of asset classes including equities, fixed income, money markets, and alternative investments depending on the funds mandate.
Stocks: Shares or equities represent ownership in individual companies. Shareholders can enjoy dividends, participate in share price performance, and have voting rights at shareholder meetings.
ETFs: Exchange Traded Funds are investment funds listed and traded on a stock exchange. They pool money from multiple investors and invest according to the ETF's stated objective.
Bonds: Financial instruments representing loans from investors to issuers, which can be government securities or corporate bonds. Bonds typically provide regular interest payments and return the principal at maturity.
FSMOne Accounts
FSMOne offers two main types of accounts: personal accounts and corporate accounts.
Personal Accounts: These accounts are designed for individual investors, providing access to a wide range of investment products including bonds, ETFs, and more.
Corporate Accounts: Tailored for businesses and institutional investors.
FSMOne Fees Review
FSMOne offers a structured fee schedule for various investment products to ensure transparency and cost efficiency.
For funds, the platform charges a 1.50% sales charge and 0% per quarter platform fee for equity, balanced, alternative investment, and mixed assets funds, while bond funds incur no sales charge but a 0.05% per quarter platform fee, and money market funds have no fees at all.
For stocks, processing fees vary by market: Malaysia (KLSE) at 0.05%/min. MYR 8.80, the US (NASDAQ, NYSE, AMEX, BATS) at 0.08%/min. USD 3.80, Singapore (SGX) at 0.08%/min. SGD 8.80, Hong Kong (HKEX) at 0.08%/min. HKD 50.00, and China (SZSE, SSE) at 0.08%/min. CNY 40.00, all with free FSMOne corporate action fees.
Bond investments also have specific fees: retail corporate bonds at 0.5% with a minimum of MYR 8.80 processing fees, wholesale corporate bonds at 0.5% with a minimum of MYR 35 or its equivalent currency (USD 35, SGD 35, AUD 35, etc.) processing fees, Malaysia government bonds at 0.10% with a minimum of MYR 8.80 processing fees, and US Treasury notes/bills at 0.10% with a minimum of USD 10.00 processing fees, each with additional quarterly platform fees.
FSMOne App Review
FSMOne offers FSM Mobile to enhance the investment experience. Users can access the latest investment ideas and receive expert insights from advisory services, ensuring well-informed decision-making. The platform provides opportunities to invest in global financial markets, making it a valuable tool for investors seeking diverse and international portfolio options.
Research and Education
FSMOne offers a variety of webinars to enhance investor knowledge and decision-making. These webinars cover a wide range of topics, such as “Earn 4.489%* p.a. Potential Yield on USD Cash with FSMOne USD Auto-Sweep,” “Unlocking Hidden Values in Japan,” and “How are We Positioning Clients' Money for 2024.”
Customer Service
FSMOne provides customer service to ensure client support and satisfaction. Their operating hours are Monday to Friday, from 8.30am to 5.30pm, excluding weekends and public holidays. For general inquiries, clients can reach the Client Service Hotline or WhatsApp at +603-2149-0567, email at clienthelp.my@fundsupermart.com, or contact them via Facebook Messenger at FSMOne Malaysia.
For investment-related inquiries, FSMOne offers several contact options. Clients in Kuala Lumpur can call +603-2149-0567, in Penang at +604-640-1567, in Johor at +607-213-1307, and in Kota Kinabalu at +6088-335-060. Additionally, WhatsApp support is available at +603-2149-0567, and email inquiries can be sent to investhelp.my@fundsupermart.com.
Conclusion
FSMOne, regulated by SFC and MAS, offers a variety of trading instruments, including stocks, bonds, ETFs, unit trusts, managed portfolios, and insurance products, but does not support options, futures, forex, or crypto trading. This makes it more suitable for investors seeking straightforward, traditional investment options.
FAQs
Is FSMOne safe to trade？
Yes, FSMOne is currently licensed under the Securities and Futures Commission (SFC) and the Monetary Authority of Singapore (MAS). Client funds are securely segregated from the companys assets and are protected in client trust accounts.
Is FSMOne a good platform for beginners？
FSMOne offers FSM Mobile to enhance the investment experience, providing a user-friendly interface suitable for beginners. However, while it offers convenience, its educational resources are limited, which may not fully support beginners in their learning journey.
Is FSMOne legit？
Yes, FSMOne is currently licensed under the Securities and Futures Commission (SFC) with license number AMY844 and regulated by the Monetary Authority of Singapore (MAS).
Risk Warning
The information presented is derived from WikiStock's expert assessment of the brokerage's website data and is subject to updates. Moreover, online trading carries significant risks, which could result in the complete loss of invested funds. Therefore, understanding these risks thoroughly before participation is imperative.
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