yklooi, when you choose to invest in SG, there are only 4 platform you can choose from.
1) FSM SG
2) POEMS SG
3) Dollardex
4) Banks

So if we scratch off option 3) &  4), we are only left with 1) &  2), both accept Malaysian customers, both have more or less the same funds, so both are considered equal.

Like I said, they want to go ahead after getting the warning by me,  by all means go ahead.

If you don't give free social service, how many people will know that other options exist? How many know how to research different platform to invest? Let them know.  After that, it's up to them to make their choice.

When someone does not give early warning, someone had to step in to do the dirty work and I don't mind getting my hands dirty. Who knows in the future, FSM SG will abolish platform fees and we will have more options.

Like I said, I am a straightforward person. No need for nice language. As long as point received.

urgh.. checked.
thought the 0% was a norm for investments >MYR5K per transaction but turns out only during promo.

i prefer to buy whenever i plan/want to, not based on promo by agent - thus, hard to leverage on the 0%.

Ramjade I read up on POEMS SG web site and have some questions about this site. Sorry have to ask in this thread as i cant seem to find a thread on POEMS.

1. If i were to open prepaid trading account with POEMS SG, i dont need to maintain a SG bank account to fund the trading account. To fund trading account, i can just TT to POEMS SG?

2. Trading cost for SGX shares is SGD10 (until june 2018)/SG25, 0.0325 clearing fee, 0.0075% SGX fee and GST. Is that correct?

3. There will be quarterly custodian fees if there's no trade per quarter.

4. There will be dividend handling fees of 1%.

5. With this prepaid trading account, i can buy shares and unit trust in SG.

Are these questions correct? Appreciate your feedback.

Thanks.

1. Yes. That's right. But it's cheaper to maintain a SG bank account than doing a TTing every time especially nowadays when we have moneymatch and transferwise to help us move money. No need to pay so high markup fees. Alternatively, you can park it in Phillip Money Market Fund (it sort of work as a bank account)

2. Yes. Most likely will extend in view of other brokers also going at SGD10.

3. & 4. Yes. However I am not sure if it's counted towards SG stocks or for foreign stocks or both. Didn't want to risk the charges, hence I don't use POEMS as my brokerage. Use it only to buy unit trust instead.

5. Yes.

1. Yes. That's right. But it's cheaper to maintain a SG bank account than doing a TTing every time especially nowadays when we have moneymatch and transferwise to help us move money. No need to pay so high markup fees. Alternatively, you can park it in Phillip Money Market Fund (it sort of work as a bank account)

2. Yes. Most likely will extend in view of other brokers also going at SGD10.

3. & 4. Yes. However I am not sure if it's counted towards SG stocks or for foreign stocks or both. Didn't want to risk the charges, hence I don't use POEMS as my brokerage. Use it only to buy unit trust instead.

5. Yes.

Can Malaysian open prepaid trading account or just custodian trading account?

Which share trading account did you use?

I think both prepaid and custodian is the same for POEMS SG. The only account with direct account (shares are kept with CDP) is their cash account which cost min SGD25 or 0.28% (whichever is higher). But there are other direct account which cost only SGD5  or 0.12% whichever is higher

I use Maybank KE prefunded and DBS vickers cash upfront (now no longer using DBS vickers as unable to subscribe for rights or placements as I don't have a SG address)

Recommended SG brokerage
-Standard chartered SG
- FSM SG (application can be done online)/Maybank KE prefunded

SC SG/FSM SG/ Maybank KE are all cash prefunded accounts? I assume I can TT direct to the trading account to fund without the need for SG bank account.

Come on, hit me why is it not a good buy?

Anyone investing in SG unit trust? Any funds to recommend?
My Schroder is still in negative after 6 months. 

Then join me with POEMS SG. 0% free everyday. Now you can buy whenever you want and 100% of your money will be put to work

Dude, unker now at the last step of registering my poems account, they want me to transfer them S$1 via bill payment.

But I couldnt see Philip Capital in the Maybank.SG drop down list, and both Phillip and Maybank Sg are passing me to each other as if I am a bola sepak.

It should be under Electronic Payment for Shares (EPS).

Nope

Dude, unker now at the last step of registering my poems account, they want me to transfer them S$1 via bill payment.

But I couldnt see Philip Capital in the Maybank.SG drop down list, and both Phillip and Maybank Sg are passing me to each other as if I am a bola sepak.