Bro,.. let me ask you this first,... you wish to buy in USD or in the SGD ? Do you have the USD in hand now ?

Hmm,... after reading dasecret's reply to me,... I'm kind of discouraged to help here,... since he/she is helping here with his/her great quantified ways,....

If wanting to help also need to think of this and that, and consider this and that first before replying,... then no need,... it's okay ! Let me help those who don't give me too much problems,...

I took years,.. and even helped out DBS to develop their techniques in their infancy,... I don't have to take all these,...

I want to buy USD/HKD/AUD. But I cannot figure out how to move the foreign funds around. Dbs v and maybank ke customer service is of no help. I have USD1000 in cash.

Wah... took 3 posts to show how unhappy you were with my reply. Point taken for sure

Feels like a gender switch in this conversation

Anyway, I'm merely pointing out that I try to use facts to convince you but it has not worked since the first time, and hence I don't feel I ever will, no matter how many times I try

And it's the same when you use your argument to try to convince me based on your experience it wouldn't work because I need factual evidence

It really boils down to personality difference; probably you are the feeling type and I'm the thinking type

If you noticed, I do not stop you from commenting or helping really, I just realise we have to agree to disagree on most matters (other than maybe shared perception in distrust in local institutions)

Let's keep it that way ok? You are of course welcomed on this thread, and any other threads... I'm nobody here

You can try asking AIYH how to go about it. He was planning to get it. Alternatively, you can do like me and AIYH. I have a Phillip SG account which is a competitor to FSM SG. The SG counterparts do have better funds than MY (FSM). I think is on par with HK.

FSM SG charges 0.1% per quarter platform fees for all their funds
Phillip SG does not have service charge or platform fees.

What I do:
- Use info from FSM SG and buy from Phillip SG

What AIYH do:
- Use FSM SG for certain funds and the rest use Phillip SG.


Hope that helps.

This post has been edited by Ramjade: Mar 20 2017, 07:18 PM

We went to Singapore. It's up to you if you prefer FSM HK. Need to find out if it's easy to open a bank account in HK. The good thing with singapore is proximity and SGD strength. If I'm not mistaken, HKD did depreciated over the past 10 years or so that now HKD is weaker than RMB

HKD is pegged to USD. HKD has been appreciating against RMB for the past 2 years

Opening FSM account in HK yes. Opening a HK bank account almost impossible (from what I read online. For US citizen almost no chance because of FACTA, for EU passport no problem, for 3rd world passport 50:50 chance)

I think Malaysia passport is categorized as 3rd world? Some more we have xdb issue which is like an auto red flag:x

This post has been edited by Ramjade: Mar 20 2017, 07:11 PM

Thanks for the inputs! Looks like I'll be proceeding with FSM HK. I'm in a lucky situation where I have employment (STA) here so I do have valid HK account and IC so guess that'll help.

Nice. You might want to look at 8 securities too if you are interested in buying some stocks.

Care to ask your HK bank whether they let a malaysian tourist to open account for investment purpose?

Both poems and fsm don't allow me to start RSP without initial investment

Both poems and fsm RSP can only do via bank acc DDA and their government retirement fund scheme (not like FSM MY where you can RSP via CMF)

I have the initial capital from FSM MY US part which is enough for either platform initial investment.

However, I can only choose FSM over its top up value of SGD 100 vs poems EUR 500

Stuck with platform fee, but oh well

From their FAQ:

Can I open an account from overseas?
Last updated 9 months ago

Yes. We have customers from around the world. After you complete your application with the supporting documents please make sure it is signed and witnessed. Qualified witnesses include a bank branch manager, lawyer, public accountant, justice of the peace or a notary public. You can fund your account by international transfer. We do not accept applications from US persons as defined by the United States Internal Revenue Service. For more information, please visit www.irs.gov

Interested in opening HK bank account. Not FSM HK la.
Good to have bank account in financial hubs of the world.

I mean the faq is from 8 securities

Have you check out dollardex? Maybe they let you topup SGD100. No platform fees, no service charge also.

Opening 8 securities is no problem. Is whether one can open a HK bank account is another question.

Same problem, need to fill form and set up giro dda from bank account, very troublesome and not flexible at all

Can try asking, but I know it's darn strict.

My application with all supporting documents proving I'm working here (on assignments), took 3 weeks to approve. And they needed my job offer letter as well.

I think in your case it's a no brainer to go for FSM HK. Feel free to share some of the funds and products available in FSM HK and your progress

Hmm, I though FSM SG now allows RSP through cash account because that's how I RSP for the MAPS. Previously yes, only through DDA and I'm too lazy to set it up eventhough for RSP sales charge was 0% and lumpsum is 0.35% back then.... sure our uni grad will comment how lazy is costing me precious $$ jor

Only MAPS can RSP via cash account, normal UT still require DDA

Somehow feel like MY platform is more flexible compared to SG