Fsmone RSP is actually very cheap with 1usd fee only. Ibkr real cost is actually high because got a lot of minimum amount. (For example, convert money to sgd cost maybe Rm5-15) (convert SGD to USD cost 2usd minimum ), then broker fee 0.35usd. this is very expensive way if you want to DCA monthly. Or your dca amount is small.

If use ACH wise direct myr to USD also cost quite a lot fee in wise.

Fsmone is cheap because it use fixed percentage for the currency conversion part. And 1++ USD fee for broker only.

I don't know why Rayleigh keep saying rsp is expensive.. I have done the cost calculation for everything. If you DCA monthly. RSP is the cheapest way.

Maybe u should calculate the real cost for Ibkr path first. You conveniently ignored all those currency exchange fee from wise and use 0.35usd to compare it with 1usd fsmone. Very unfair lol.

To summarize.

Use FSMone if:
1. You want to DCA every single month (not few months)
2. Your DCA amount is small. Few hundreds
3. You don't want offshore broker
4. You want automation, set it and forget
5. You want convenience

Use IBKR if:
1. You don't mind DCA Quarterly. fee is high if do frequent
2. You have large sum to invest
3. You want Ireland domiciled ETF to enjoy low dividend WHT.
4. You don't mind the process to convert
5. You don't mind money at offshore account

Ibkr offers lowest fee if portfolio is huge. Saving from WHT

FSMone is good automation alternative to stashaway which charge 0.8% per year + hidden fee from currency exchange + trading fee