Fund Supermart


#1

Anyone here uses fundsupermart for stock trading?

What is the pros and cons compared to iOCBC, Lim and Tan, Vickers etc?


#2

Lowest commissions at 0.08% or $10 min. If you have AUM $200K with them $10 flat rate for SG equities transactions.

Live chat is useful and expedient.

Non-CDP. Platform can be deemed messy if you only utilise equities (stock trading) as it also encompasses other things like Bonds and Insurances, like all-in-one platform.


#3

If you do not use CDP when dealing with iOCBC then they will hit you for charges and taxes everytime you receive distributions.

“1% on net dividend (min S$3, max S$50)
7% GST or equivalent depending on payment currency”

The CDP does not make any charge.

I do not know about fundsupermart as a quick look over the website didn’t provide an overview of their charge structure.


#4

My experience is that FSM does not have charges for corporate actions.


#5

Not really related but what do you all think about StocksCafe start our own trading platform? Seems like it is possible to white-label platforms like iterative brokers or something.


#6

It’s interesting, but how can one standout in a competitive market? And how much more work/money to put in to change StockCafe into a trading platform?


#7

Just a thought. Doubt it will happen soon. The commitment will be huge both in terms of time and money.