This market is really competitive nowadays with so many trading platforms.

If they can earn enough from FX conversion rate, I think it is possible to offer free RSP. If not, RM1/0.15% whichever is higher will suit most people anyway. Some more they have office in Penang, KL and JB. The customer support is actually good as well.

I have used FSMONE in parallel with IBKR since 2021. FSM also offer instant withdrawal for RM and you can deposit with FPX.

Is it worth the extra hassle and a broker without local office just to save an insignificant amount of fees?

This post has been edited by melondance: Jun 10 2025, 11:05 PM

RSP kicked in. 700 VWRA, 300 CSPX. Got stamp duty charges





This post has been edited by terriblyrawtea: Jun 11 2025, 12:56 PM

You didn't see the selling fees? It's ridiculously high.

Barricadegranted, it's not real time sell and there's opportunity cost to wait for it to sell

This post has been edited by Medufsaid: Jun 11 2025, 05:17 PM

if im going to sell it in bulk in 30 years time... its really not going to matter, does it.

Plus, there is scheduled selling, not immediate but the price is ok only

This post has been edited by terriblyrawtea: Jun 11 2025, 05:51 PM

Yes, I am using both FSMOne and IBKR.
FSMOne for long term holding ETF Stock, so the selling fees dont bother me. So far all stock and ETF, I bought and never sell, except 1. Now I will just keep holding till the 'end'.
IBKR, I do some short term trading for fun, also buying LSE ETF.

If any new player want to do monthly RSP, I will definitely suggest FSMOne to IBKR.

Once they get used to it, they can decide if they want to spend more effort to save extra money, using IBKR.

I am not a fan of FSMOne but this RSP product on LSE is different. Convenient and cost effective. A win for Malaysian Bogleheads.

yup

i am back on FSM after full exit in 2021

my first RSP through FSMONE. though the selling fee is ridiculously high but that should help me from selling it half way.

watermineral

Yes, that's right.
The high fees stop me to sell during the bear market. Unlike my IBKR account

thank you sifu, selling also can rsp

This post has been edited by watermineral: Jun 18 2025, 10:08 AM

Hi, can i withdraw all 100 % my funds or there is minimum holding amount needed to be in the funds? Thinking of withdraw all and close my account

Hi, if i already have CDS account for US stocks. Any additional pdf form etc to be done for LSE or SGX stocks/ETF? Or all will be under the same Nominee CDS acocunt

What fund you bought ? Fractional ?
I set rm100 will it auto convert for us to usd ?

This post has been edited by lim47: Jun 30 2025, 06:52 PM

i am buying VWRA and deduct from USD auto sweep. and yes it will to be fractional as you are investing fixed amount of cash and the stock price will not be same.
you can set to deduct from other cash account too, it will automatic convert to USD. what i did is i top up some amount into USD sweep and let it deduct every month

This post has been edited by watermineral: Jul 1 2025, 03:12 PM

How's the conversion rate for fsm vs moomoo?

Just received email for e-invoice opt in. Is this mandatory to claim tax relief? like the RM3k PRS.

The same e-mail states:

"Please be informed that opting in to receive a copy of the e-Invoice is voluntary and only necessary if you require an invoice for tax submission purposes. No action is required if you do not wish to receive a copy of the e-Invoice."


I am not entirely sure. For now, we can still use normal receipts as supporting documents for tax relief.


In future, maybe only e-Invoices can be used for supporting documents for tax relief, during income tax filling submission.

you will not receive e-invoice from PRS investment, because PRS investment is 0 sales charge