I was going to invest in my Ut this noon and got notified that I am able to open a CDS account (much to my surprise).

Looked through this sub and nobody was asking about this so here's to a start to a new player in town


More here.

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

BTW I opened my CDS account with them as its free during this promo. Will try to use it and see if it beats my HLE account

minimum fee RM8.80..
if u invest RM20k (0.05% fee), then u can save money on fee..
btw, account is nominee..

This post has been edited by fms21: Mar 26 2021, 08:51 AM

Oh shoot. Okay then back to Hong leong Bank.

I skipped that part

Nominee account no use. Can't apply ipo

wow, upgraded broker now..

How does it fare compared against Rakuten?

Applied CDS at 4pm.

CDS account approved at 5pm.

Hi there,

I cannot find the promo where there is free account opening. Costs RM10, and do you know how to transfer the money into Cash Account and any charges? Can't seem to find the faq for money transfer in.

Also please note that currently FSM doesn't have the Amalgamation function. So u cannot combine your orders for the same counters for the same day. Actually doesn't matter since there's no max cap like Rakuten.

No charges, i actually transfered money from my CMF to the cash account.

What's CMF? I am totally new to FSM... their website FAQ and live chat couldn't give me answer. Rakuten uses offline deposit method (no limit) and online method vs FPX (30k limit).

Not sure how FSM works since u need to have cash in your account in order to trade.

1.1% interest rate beats rakuten at 1%. And commission is half of rakuten which makes it a good deal.

CMF is FSM money market fund.

But for stocks, u need to have money available in their cash account first (different from CMF). So a little pre planning is required i think.

This post has been edited by WhitE LighteR: Mar 25 2021, 06:18 PM

https://www.fsmone.com.my/funds/research/ar...!?src=funds

Here you go.

free to open CDS..they will return back RM10 upon successful open of account..can use FPX to transfer money..FOC

Interest rate not really the priority i think

More like how's the platform stability. Any lagging encountered?

Nominee account. No thanks

Apparently they are kick starting their stock broking with zero commission till April (except for stamp duty and cover fees)

Still turned off with the nominee act

I thought if need apply cds account is no longer nominee?

cds account type got direct cds and nominee cds. FSM offering nominee.

If like that will fsm charge fees for dividen distribution?

from their FAQ, no.
corporate action also can do via online like Rakuten.

wondering will it take to credit into fsm account after payment date?