FSMOne, a platform that allows customers to trade stocks and ETFs, as well as buy unit trusts, insurance and bonds under one account, is now offering its clients a flat processing fee of $8.80 when trading stocks and ETFs under the Singapore Exchange (SGX) from April 5.
The fee is irrespective of the investment amount made, and clients' assets under administration (AUA). Previously, clients with AUA of $100,000 and above got to enjoy a flat commission fee of $10 while clients were subject to a fee of 0.08%, subject to a minimum of $10.
In addition to the flat processing fee, the investment platform is also the first and only one to offer 0% sales charge on all funds and managed portfolios.
The fee changes for both are permanent.
FSMOne is launched by Fundsupermart.com, the consumer division of iFAST Corporation.
