u should use it to buy US equities, dip everywhere now

Does FSM MY have access to these?

This post has been edited by Mattrock: Apr 26 2024, 01:09 AM

Thats good to know. I left FSMMY/HK once I found out about the fees and never looked back, except for PRS funds. Really liked them back then.

To be honest, not sure, as I left for IBKR and never looked back.

Currency risk is very high for those that converting MYR to USD at this moment. For those with saving/holding in USD, it's a good rate tho.

Huh many of us buy stocks and ETFs at IBKR. Nothing to worry about. Can direct use Wise to transfer if want hassle free.

Also for local broker to buy US stocks or ETFs now Moomoo Malaysia is cheapest, by public listed Futu. Can buy SPLG etf if VOO or SPY is expensive for you.

But best bang for buck is still Irish domiciled ETFs as you save 30% tax from dividends earned by US gov. Our country need to have tax treaty with US if wanna avoid this tax. I invest in VUAA. CSPX getting too expensive for me.

Only thing you avoid buying via local broker is estate tax. If u pass away suddenly, stocks and etfs in IBKR might get taxed by gov if claimed by loved ones. But you're not around that time already nothing for u to worry about. Give your loved ones the broker login details if so worry. Or if know gonna die faster withdraw every thing back to Malaysia first. Try split it up not exceeding RM25k each batch else will flagged by Bank Negara for CTR.


Correction: Irish domiciled etfs don't get estate taxed. Only US stocks and ETFs do. Also only if u own them directly. If custodian broker type should not be affected.

This post has been edited by Davidtcf: Apr 29 2024, 12:45 AM

The problem is most if not all UT beat the index (at least my portfolio). Apparently nobody knows whether an UT is appropriately benchmarked to an index. What if the benchmark is an 'easy' one, hence the UT can easily outperformed it.....

Kinda of agreed that Moomoo is the most cheapest trading apps at this moment.
I already use Moomoo and I really satisfied with it and they need some time to improved thair services and give them time
now, I just trying their paper trading much easier to practice.

kind of easy to compare if u know what the market/sector etf is





This post has been edited by zebras: May 2 2024, 04:47 PM

Now that Wise increased their transfer fee for ACH (USD local to USD international), if FSMOne do let us access LSE ETF (to avoid paying 30% WHT), it wouldn't make much sense to use IBKR anymore...
Furthermore, after doing currency conversion MYR > USD > MYR, it seems like Wise only a tiny bit cheaper than FSMOne.

This post has been edited by melondance: May 12 2024, 07:47 PM

Don't forget FSMOne has the highest conversion rate amongst its peers eh. On top of their platform fees

Hi, I thought you would like this article, Receive RM10 Bonus Units for every RM1,000 invested in Technology or Semiconductor unit trust
URL: https://www.fsmone.com.my/funds/research/ar...technology-or-s

I dont think fsmone FX rate is high.
At this moment
FSM rm to usd is 0.2103
Sunway money is 0.2107

Ya, there is platform fees.

I don't think there are platform fees for ETF or Equity Unit Trust

I think only Singapore FSM got LSE. Malaysia takde

For US ETF

ETFs RSP Buy 0.08% (min MYR 1)

ETF 0.08%/ min. USD 3.80
Processing Fees

That is processing fee not platform fee right?
There is a separate platform fee for bond funds.

Ya, processing fees, my bad.
I was referring the other poster saying FSMOne has higher FX rate and platform fee.


Overall, I think FSMOne is worth to use, if you dont want to do all those sg bank, RM > SGD > USD hassle.

The only bad is no irish decimal ETF.

Personally, majority of my holdings are in FSMOne. Only starting to deposit into IBKR 2 years ago for its Irish Domiciled ETF, if FSMOne release LSE ETF support for Malaysia platform, I would really prefer to have a local broker with office. If anything happens to me, I hope the process is as simple as possible.

Furthermore, it is really really simple to deposit and withdraw from FSMOne, and the withdrawal from MYR cash account is instant too... The FX saved from using Wise or CIMB SG method shouldn't cause much loss to your wallet if you buy and never sell.

Good funds available on FSM not available in Versa
1. TA global tech
2. Manulife India fund

I only use FSM to buy 2 funds for my PRS and EPF.
Principal retire easy 50 (PRS)
KAF core income.

FSM also have chart centre to check performance of funds.

You can check it out here, use the funds I mentioned above to compare with what Versa have to offer.
https://www.fsmone.com.my/funds/tools/chart-centre

You will find that what is available on Fsm is superior to what is available to Versa.

What I am looking for may not be suitable for you and what you are looking for may not be suitable for me.

This post has been edited by Ramjade: May 15 2024, 02:31 PM

FSM RSP is actually RM1 + RM1 (stamp duty). that's U$0.42.

not just that, current S&P500 annual dividend yield is 1.27%. you are losing out on RM19.05 annual savings per RM10k if u picked USA-domiciled etf funds