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.

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

Not sure if FSM Msia has the same ETF RSP program but in FSM Spore there is and after trying for 2 months I list down 2 examples of the fees I am paying.

Edit: There is actually processing fee but due to promotion this year 2022 it is free hence the fee for the 2 examples you see below
If there is no promotion, the processing fees below
Each ETF RSP Buy
SGX: 0.08% (min SGD 1)
HKEX: 0.08% (min HKD 5)
BATS,NASDAQ,NYSE: 0.08% (min USD 1)

Stock Exchange: HKEX
Name: CAM HK BANKS (3143)
Cash Account: HKD 277.10
Qty: 34.5081
Exchange Settlement Fee(0.00400%) SGD 0.87
Exchange Stamp Duty(0.13000%) SGD 0.00
Exchange Trading Fee(0.00500%) SGD 0.00
Exchange Transaction Levy (FRC)(0.00015%) SGD 0.00
Exchange Transaction Levy (SFC)(0.00270%) SGD 0.00
Processing Fee (0.0%) SGD 0.00
Total Fees SGD 0.87
Stock Exchange: SGX
Name: ICBC CSOP CGB ETF S$ (CYC)
Cash Account: SGD 44.22
Qty: 3
Exchange Clearing Fee(0.03250%) SGD 0.01
Exchange Settlement Instruction Fee SGD 0.37
Exchange Trading Fee(0.00750%) SGD 0.01
Processing Fee (0.0%) SGD 0.00
Total Fees SGD 0.39

Take note even if you put in RSP SGD 50, unlike mutual fund, the exact amount is not being put to buy reason I think FSM need to buffer in the fees and also for some exchange they try to keep to a full share? As you can see the total fees is very little and ETF and stocks in FSM does not incur platform fee.

Ok now about the disadvantages of this ETF RSP program

1. FSM decide the list of ETF (70+) that can be RSP. You can write in to let them consider add new ETF
2. ETF bought via this program with fractional shares can only be sold once a month put in request before 15th of month
Edit: ETF bought via this program can be sold via normal exchanges via FSM but you incur fees SGD 8.80 flat and you sell full shares but then you no need to fulfill the once a month sell process so can sell anytime
3. For selling via this ETF RSP fees are below
Singapore (SGX) - Flat SGD 1
Hong Kong (HKEX) - Flat HKD 5
United States (NASDAQ, NYSE, BATS) - 0.08%, no minimum or flat fees <- this is also the reason why I don't buy ETF in US exchanges as selling is this number which I think is expensive compared to say IBKR

So for investor with low capital can consider this ETF RSP program. For FSM Msia maybe can feedback to them to have this same program as FSM Spore.