The cheapest way is still ikbr through Irish domiciled etf. Non Americans who don't have tax treaty with America get 30% tax on div. Irish domiciled get 15%

Is there Irish domiciled etf like SMH?

https://markets.ft.com/data/etfs/tearsheet/...y?s=SMH:LSE:USD

This?

FSM SG is now supporting London Stock Exchange with a small number of ETF. Hopefully, can be rollout in MY with more LSE ETF soon

And expect to pay the standard spread on it 🤦‍♀️ it will be still cheaper buying through IBKR

I guess it's about choices as the more choices consumer has the better it is

FSM known for promotion 🤦‍♀️ but after that charging high fees

but i think they're already upfront on their fees structure.

Even upfront 🤦‍♀️ their fees are still higher than others in the market

Still worth to try ? the Fee is RM1 permanently.

Invest in US & HK ETFs with FSMOne Regular Savings Plan from just RM1 processing fee!
FSMOne is happy to announce that we have slashed the ETF Regular Savings Plan processing fee for US and Hong Kong ETFs to just a minimum of RM1 or 0.08% per RSP contract starting from 1 November 2023, permanently!

There is nothing permanent in the world of business.

only death and tax

You need to calculate properly because it is still 0.08% 🤦‍♀️ rm1 is just a bait only

assuming invest RM1000

fsmone
0.08% or RM1
= RM1

IBKR Pro - Fixed
min USD 1.00
= 1 USD ~= RM4.6

IBKR Pro - Tiered
min USD 0.35 USD
= 0.35 USD ~= RM1.6

rakuten
Between 700.00-9,999.99 RM9.00
= RM9

mplusglobal
min fee 3 USD
= 3 USD ~= RM14

IMHO, this is really a good strategy by FSM Malaysia. It allows small investors to get in and/or people who want to invest very frequently and regularly. RM1 is way better than USD1.

You need to check how is the dividend tax on the US etfs sold on the platform. Through ramjade and the other guys they pointed out that us etfs are taxed 30%

Yes. I know that US ETFs dividends are taxed at 30% vs Irish domiciled 15%. Spread between Irish domiciled ETFs are wider vs US ETFs though, less liquidity, lousier pricing and some may have larger minimum amount /disallow fractional shares.

So ultimately it depends on the person's budget, frequency of trades, the amount size and so on. For me, I haven't tried a regular plan yet but may be tempted to do it here/partially here.

This post has been edited by abcn1n: Nov 8 2023, 06:24 PM

I was like you until I got burned by fsm managed portfolio, started to get turned off by fsm and decided to pull all my funds into cspx.

BTW vuaa is the etf that suits what you need. It is Irish domiciled with div reinvestment plus it allows fractional shares.

is the FX spread competitive enuf?

Brokerage is cheap but you have factor in FX spread 🤦‍♀️

Yes it is cheap but the FX spread is high 🤦‍♀️ that is where is they earn money

Yes US ETF are taxed 30% unless your brokerage is willing to claw back WHT is eligible hence why it is recommended Irish domiciled ETF for tax efficiency

You got burned by their aggressive portfolio is it? 🤦‍♀️

Their portfolio management is inconsistent hence why