I have flagged before FSM RSP for US listed ETF not cheap. HKEX ETF ok cheap. But sometimes investors prefer local broker with a presence in own country so then FSM RSP look good

I think above is wrong. The whole idea of FSM RSP ETF is to allow investors to put in small amount every month. When you say MYR5,500 you calculate based on ? Can give e.g ?

My understanding is say MYR 100 then pay 0.08% is 0.08 cents or minimum USD 1. Due to the minimum of USD 1 the monthly amount if put small yes rugi. Which is why I never go for FSM RSP ETF for US listed ETF. I use it for HKEX, SGX listed ETF instead.

For ppl want to RSP US listed ETF, my current suggestion would be IBKR and Webull which unfortunately is not operating in Msia so it is considered overseas broker and some Msian investors have doubts which is ok. Then FSM MY is your next closest I guess.

Thank you for your clear e.g You see FSM RSP ETF I think was created for ppl with low capital but still want to participate in the ETF shares buy. So yes your illustration is coming from want to minimize brokerage fees that is how you get that big number. But if one has that big number will not consider this RSP ETF anymore.

Now say Msian want a local broker to buy US ETF shares at affordable cost (aka low capital) what would you recommend? You need to know some ppl can only consider local broker and that will narrow down the choices isn't it?

That has been 'broken' recently by Webull Spore which is 0 per transaction. Since both are overseas broker, one may want to consider Webull Spore over IBKR but of cuz in terms of strength and size IBKR is bigger so pay 35 cents per transaction if you want that. But it seems the Webull Spore app is somehow blocked for install for Msian so yes stick to IBKR.

You are not wrong. The other reader is most likely using IBKR as reference (which is 35 cents fee per trade) to compare and that is why it is expensive. If you compare strictly with only local broker then it is cheaper of cuz. The context of the discussion is always important.

In fact for me as Sporean, IBKR is too expensive as I found Webull Spore 0 fees so I with Webull. Reason I got 18-20 ETF I want to DCA imagine 35 cents multiply by 20 each time? Also IBKR convert to USD each time charge me USD 2. In case someone ask me why so many ETF is becuz I prefer to invest in country specific ETF e.g iShares MSCI Australia EWA, iShares China A Shares CNYA, iShares MSCI Indonesia EIDO, iShares Latin America 40 ILF, iShares MSCI South Korea EWY, iShares MSCI Taiwan EWT, iShares MSCI Thailand THD etc. Those so called single world centric ETF if you take a look is still a lot with US stocks in them so if US market fall like now those world centric ETF are not spared either.

Thanks for sharing so the minimum USD 1 is applied. The USD 0.23 stamp duty is additional info. FSM RSP program disadvantage is cannot choose the date to purchase and sell. As for topup I think you can go online and change but it will take effect in the next RSP buy I think.

Your concern are valid. This is why I read investors willing to fork out more comm fees and go for local brokers. Actually I find Msian investor a bit limited options, IBKR Webull all setup shop in Spore but why not Msia I don't understand. This cause so much hassle for Msian investors so no choice go for overseas brokers. Although I'm Sporean I really sympathize with you all. Maybe in future IBKR Webull will setup shop in Msia. Afterall StashAway done that what is stopping others?