dunno, I am not insider
just hearsay it will be launched by this month

btw thou i cant be confirmed but most likely you wont need to open another 'foreign stock trading account'
you would just need have FSM CDS account opened, as 99% your foreign stock holdings with FSM is in nominee structures.

and of course you would need to have HKD or USD in your respective HKD or USD cash account on FSM for trading, as per their banner suggesting now.

can't expect them to have a live conversion function, buying foreign stock using SGD straight like FSM SG.

i think mostly you need to

guys it's up

https://www.fsmone.com.my/etfs/get-started/stock-fees

yes, note that u would need to submit additional forms e.g.
Foreign Exchange Policies (FEP) Declaration Form
W-8Ben Form (for US stocks)

when u click to trade

but user interface is much better
see future if other market disruptor will come in and will they revise the fee by then

obviously they're targetting those who dont want the huff puff go through these routes
i also stick with IBKR

no choice, FSM fee is considered too steep when u have the better options

hearsay tiger etc are coming in soon, let see

This post has been edited by tadashi987: Jul 30 2021, 10:54 AM

he was indicating that no point to speculate if MYR is weak 'now' so it is good time to enter

who know MYR will go even weaker later, who know it will bounce back
nobody has the crystal ball, you believe the former just enter

yep

disappointing a bit as the pricing for the foreign stock trading is not really as good as how they position themselves "market disruptor" for UT

u mean when buying wholesale UT? nope no need verify and produce document, just agree to the declaration and proceed, so far never heard of any ones getting asked to prove

This post has been edited by tadashi987: Aug 1 2021, 07:32 AM

not that much i think? USD 8.80 = RM 37.14
RM 37.14 / RM1000 is around 3%++

not friendly for small potato investor who practising DCA like me, I am doing 5k DCA into ETF each time

u use TD?

MEX II bonds at risk of downgrade to D, says MARC
https://www.theedgemarkets.com/article/mex-...ade-d-says-marc

gg RHB bond fund?

good move from FSM but seems not favourable by the markets because high free compared to IBKR/Moomoo/Tiger etc.

IBKR’s rate at $0.0035/shares with minimum of $0.35 per trade
FSM is at $8.80 minimum

$ = USD

I think that's called tracking error%, thou they are tracking index, however it is almost impossible to track accurately 100%.

yep IINW

yeah what i meant is each ETF tracking the index causing some 'error' or deviation to the index, so the ROI deviated a bit to each other at the same time