Tuesday, 3 June 2025

Confirming FSMOne Flat fee

 


FSMOne recently reduced its flat fees for ETF trades. Together with a reasonabe forex exchange rate, this is one of the best deals in town together with its 0% comm RSP for certain ETFs.





I bought some 3010.HK Asia ex Jpn ETF on HKSE and this is the invoice I got. Basically, the total is HK$46.89 as there appears to be HK$8.89 of assorted fees you have to pay over and above the base HK$38.  Since HK$8.89 = S$1.5, its not a big deal.

The one tip I learnt is that it might be better to change your S$ to HK$ and to buy using the HK$ as exchange rates <could> be better. I'm not 100% sure but previously I published my experience with my ETF RSP where I allow FSMOne to change my S$ to HK$, versus changing the S$ to HK$ myself. There did seem to be a difference, albeit a small one.

The 'problem' with changing HK$ yourself is that you will inevitably end up with some excess HK$. To me that was not a problem because I can 'sweep' up all excess HK$ by using the ETF RSP function.

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