After email to FSM, my return changed from -9% to +1%

So it turned out that it's due to FSM is slow to show the distribution.

Anyone reach platinum status? Any real benefits to us?

Googled and found this

Here's an overview of Tier Status Rewards
https://www.fsmone.com.my/rewards/tier-status-rewards

Yea I saw that, just wondering how is their professional and expertise level on the buy/sell advise.

I would says it mostly depends on the "timing" of entry after they recommended it to you.

Example, the performance of fsm recommended epf approved funds for year 2024.
https://www.fsmone.com.my/funds/research/ar...-details/318940

A review on our (FSMONE) Recommended Funds 2023/2024 performance, did we (FSMONE) perform?
https://www.fsmone.com.my/funds/research/ar...-details/296921





This post has been edited by MUM: Jul 28 2025, 04:40 PM


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delete.

This post has been edited by Nareen: Sep 7 2025, 02:45 PM

Is it a good time to 'Auto-Sweep' into USD?

I cannot predict the future and i can only know few months/years later, if now is a good time or not. Thus I asked Google AI for comment.

This post has been edited by MUM: Sep 9 2025, 07:49 PM


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For those having RSP with FSMOne buying US or LSE ETFs, do you normally create your RSP and pay using MYR cash solution or USD auto sweep? I'm currently using MYR cash solution but wondering whether USD auto sweep is a better option since the idle USD will earn higher interests in USD auto sweep compared to MYR cash solution

jutamind use autosweep. someone calculated that for MYR cash auto-conversion to USD for RSP, FSM will charge you twice the forex fee compared to you manually converting to USD inside FSM

Good to know.
I only remember someone calculate below RM2000, FSMOne rsp better than ibkr. Including all the fees, forex etc.

This post has been edited by buffa: Oct 24 2025, 11:34 AM

Medufsaid, you sure? theoretically FSM shouldn't charge twice the forex fee just because we are using cash account.
FSMOne Malaysia, can confirm?

no. i mean FSM is charging you subpar MYRUSD rates if u let it take from MYR balance



👆 my conversation with another FSM user. luckily we found a way to get FSM to deduct from USD auto-sweep. so all is good (just a bit leceh)



create RSP order to take from USD auto-sweep acct

This post has been edited by Medufsaid: Oct 27 2025, 01:50 PM

First time trying RSP scheduled sell last month, fee cost USD 1.21 over gross amount of USD 964.51.

We would like to clarify that FSMOne does not charge double forex fees for MYR-to-USD conversions used in Regular Savings Plans (RSP).

When you invest in USD-denominated funds via RSP, the currency conversion occurs once, at the time your MYR is converted to USD to facilitate your investment.

For clients who prefer to have more control over the exchange rate, an alternative option is available:
✅ You may manually convert your MYR to USD via your Cash Account first, and then park the funds in the USD Auto-Sweep account for your upcoming RSP deduction.

Both methods involve only a single conversion, but manual conversion allows you to decide when to convert based on your preferred exchange rate.

FSMOne remains committed to offering transparent and cost-efficient investment solutions for all clients.

i am doing both. I make RSP contributions from my USD and MYR cash accounts. I convert currency when the rate is good, and I treat the RSP from my MYR account like dollar-cost averaging into USD.

Regarding the double forex fee when doing RSP from different currency accounts, I checked one of my RSPs and compared it with the Google exchange rate, couldn’t find any problem

For RSP, the fee is RM1 per RM1,000 invested, so it’s better to set your RSP in RM1,000 chunks. RM1 may not look much, but money is still money

This post has been edited by watermineral: Today, 01:32 PM