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 Fundsupermart Stock Broker, Lower brokerage fee 0.05%

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S3phiroth
post Mar 27 2021, 09:05 PM

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does anyone know what is the trading platform looks like? Any screenshot?
TSAvangelice
post Mar 27 2021, 11:29 PM

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QUOTE(S3phiroth @ Mar 27 2021, 09:05 PM)
does anyone know what is the trading platform looks like? Any screenshot?
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user posted image
user posted image

Looks similar to Hong leong ebroking user interface
S3phiroth
post Mar 28 2021, 08:35 AM

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QUOTE(Avangelice @ Mar 27 2021, 11:29 PM)
user posted image
user posted image

Looks similar to Hong leong ebroking user interface
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thx.

How about pc web version? Similar to HLebroking too?
TSAvangelice
post Mar 28 2021, 08:51 AM

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QUOTE(S3phiroth @ Mar 28 2021, 08:35 AM)
thx.

How about pc web version? Similar to HLebroking too?
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For the live broker Hong leong wins hands down.

FSM Web version Is similar to its app version.
SUSTOS
post Mar 28 2021, 08:47 PM

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Sooner or later you guys can have access to stocks and ETFs in US and HK.

https://links.sgx.com/FileOpen/iFAST_FSMOne...t&FileID=653549
tehoice
post Mar 29 2021, 09:44 AM

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QUOTE(TOS @ Mar 28 2021, 08:47 PM)
Sooner or later you guys can have access to stocks and ETFs in US and HK.

https://links.sgx.com/FileOpen/iFAST_FSMOne...t&FileID=653549
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definitely looking forward to that......
TSAvangelice
post Mar 29 2021, 10:14 AM

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QUOTE(tehoice @ Mar 29 2021, 09:44 AM)
definitely looking forward to that......
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Same here. That I would invest in!
SUSTOS
post Mar 29 2021, 10:21 AM

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Well, I am an iFAST shareholder. But to be fair to you guys, definitely I can guess they will make money out of currency spread. For US market, they may learn from Robinhood and earn some bid-ask spread from "market-making".

I don't think the broker will set up nominee accounts in foreign currency for you guys to keep USD/HKD in cash. Most likely they will convert MYR in-house.

I may be wrong, but in any case, don't be happy too early. tongue.gif

This post has been edited by TOS: Mar 29 2021, 10:22 AM
tehoice
post Mar 30 2021, 10:40 AM

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Free brokerage fee or commission 0% from 29 March 2021 to 30 April 2021, you can capitalise on this to save some brokerage fee.

Assuming min amount RM8.88 per trade
you do 6 trades a week (buy & sell)
1 month later you saved RM213.12 on brokerage.

not bad huh~!
fms21
post Mar 30 2021, 01:32 PM

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My account being temporarily block for 1 hour due to invalid login..Maybank also suffer same problem.lol

Phone login leads to many clicks in 1 time..
47100
post Mar 30 2021, 01:35 PM

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hmm, cant place transaction during break hours..
else i think is a fine interface, comparing to what i using now which is MBB.
mephyll
post Apr 1 2021, 03:59 PM

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My 1st try
Wonder why can i purchase a stock in less than RM100. ( My last involve in stock was 3 years back). I remember that time also easily thousand per transaction. Correct me if i am wrong.

And, i could find where to close trade...

user posted image

user posted image

This post has been edited by mephyll: Apr 1 2021, 04:00 PM
TSAvangelice
post Apr 1 2021, 04:29 PM

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QUOTE(mephyll @ Apr 1 2021, 03:59 PM)
My 1st try
Wonder why can i purchase a stock in less than RM100. ( My last involve in stock was 3 years back). I remember that time also easily thousand per transaction. Correct me if i am wrong.

And, i could find where to close trade...

user posted image

user posted image
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I think that's the beauty of nominee account and someone up on top said FSM is similar to Robin Hood broker where you don't actually own the stocks. They do so of course they can buy in bulk under they name and make you own part of their stocks.

Robinhood was exposed by GME apes to have manipulated the stock against their own customers
fms21
post Apr 4 2021, 04:53 PM

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QUOTE(Avangelice @ Apr 1 2021, 04:29 PM)
I think that's the beauty of nominee account and someone up on top said FSM is similar to Robin Hood broker where you don't actually own the stocks. They do so of course they can buy in bulk under they name and make you own part of their stocks.

Robinhood was exposed by GME apes to have manipulated the stock against their own customers
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Can we get dividend from share by using this nominee acc??
Can't find any info from website..

WhitE LighteR
post Apr 4 2021, 05:16 PM

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QUOTE(fms21 @ Apr 4 2021, 04:53 PM)
Can we get dividend from share by using this nominee acc??
Can't find any info from website..
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Try harder bro.

https://www.fsmone.com.my/support/frequentl...tUniqueKey=2620

How will I receive my dividends? What will happen to my dividend distributions with cash or scrip dividends option?

Cash Dividend

The cash dividend is paid out based on the default declared currency only. Optional currencies are not available on our platform. The cash proceeds will be credited into your respective currency cash account, after payment date or upon confirmation of receipt of payment (whichever is later)

Scrip dividends

The shares will be credited into your holdings and reflected in your account after the stipulated date. As such, you can only sell these shares after they have been credited into your account.
fms21
post Apr 5 2021, 12:00 PM

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QUOTE(WhitE LighteR @ Apr 4 2021, 05:16 PM)
Try harder bro.

https://www.fsmone.com.my/support/frequentl...tUniqueKey=2620

How will I receive my dividends? What will happen to my dividend distributions with cash or scrip dividends option?

Cash Dividend

The cash dividend is paid out based on the default declared currency only. Optional currencies are not available on our platform. The cash proceeds will be credited into your respective currency cash account, after payment date or upon confirmation of receipt of payment (whichever is later)

Scrip dividends

The shares will be credited into your holdings and reflected in your account after the stipulated date. As such, you can only sell these shares after they have been credited into your account.
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lol..maybe because I check from apps..
limited resources..

arsenal
post Apr 6 2021, 09:42 AM

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How to withdraw cash from the cash account?
audio technica
post Apr 12 2021, 08:54 PM

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8.80 isnt the lowest available.
tehoice
post Apr 13 2021, 09:37 AM

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QUOTE(audio technica @ Apr 12 2021, 08:54 PM)
8.80 isnt the lowest available.
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yup agree.

but i quite like the interface of FSM for its shares trading, the valuation information and quick COMPS are very useful for me.

plus point for me.

In addition to that, right now the commission free promotion is still on going, so it's also good to capitalise on that.

after this month then will decide and see whether or not to stick with FSM stock or go back to the conventional broker.
arsenal
post Jun 2 2021, 10:55 AM

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how to select the Maybank dividen option if buy through fundsupermart?

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