FSMOne Fees in Singapore: The Complete 2026 Breakdown

Stocks, ETFs, unit trusts, and platform fees explained — with real SGD examples for Singapore investors.

FSMOne — rebranded FSM Global in Singapore in 2026 — charges no platform fee on stocks or ETFs, only flat processing fees starting from S$3.80 per ETF trade and S$8.80 per SGX stock trade. Unit trusts have a permanent 0% sales charge, but cash and SRS holdings incur a tiered quarterly platform fee of up to 0.35% a year. CPF investments pay no platform fee at all.

Not financial advice. All figures are for educational reference only. Data verified as at 4 August 2026 against FSM Global’s official pricing pages.

Table of Contents

What Is FSMOne (Now FSM Global)?

FSMOne has been one of Singapore’s most popular do-it-yourself investing platforms since it launched as Fundsupermart.com. In February 2026, its parent company, iFAST Corporation Ltd, announced a “Truly Global Business Model” strategy. As part of that shift, FSMOne Singapore and Hong Kong were repositioned as FSM Global, while FSMOne Malaysia kept its original name.

If you search “FSMOne fees” today, you’ll land on the same platform — just under a new brand. Your account, holdings, and login details carry over. FSM Global still lets you trade Singapore, US, Hong Kong, Malaysian, Chinese, and UK-listed stocks and ETFs, plus over 1,000 unit trusts, bonds, and cash management products, all from one account. It’s operated by iFAST Financial Pte Ltd, which holds a Capital Markets Services licence from the Monetary Authority of Singapore (MAS).

For SG investors, the appeal has always been the same: no minimum sum, flat trading fees instead of percentage-based commissions on most markets, and a genuinely low-cost way to invest CPF and SRS funds. But “low-cost” isn’t the same as “free” — here’s exactly what you’ll pay.

FSMOne Fees at a Glance

Source: fsm.global pricing structure pages, accessed 4 August 2026. All fees exclude 9% GST where applicable.

Stock Trading Fees

You’re charged a flat processing fee every time you buy or sell a stock — there’s no separate commission on top. For a Singapore investor buying SGX shares, that’s a flat S$8.80, whether you’re trading S$1,000 or S$1 million worth of stock. That flat structure rewards larger trade sizes: on a S$10,000 SGX trade, S$8.80 works out to just 0.088% of your trade value.

Overseas markets use a percentage-based fee with a minimum floor instead:

Source: fsm.global pricing structure — Stocks, accessed 4 August 2026.

There’s no platform fee, custody fee, or corporate action fee on stock holdings in any market. That matters if you’re a buy-and-hold investor: your only recurring cost is the one-off processing fee each time you trade, not an ongoing charge for simply holding the shares.

ETF Trading Fees

ETFs are cheaper to trade than stocks on FSM Global. A SGX-listed ETF like a Singapore government bond ETF or an S-REIT ETF costs just S$3.80 flat per trade — less than half the stock fee. US-listed ETFs are US$3.80 flat, and UK-listed (LSE) ETFs are 0.15% or a minimum of GBP15.

If you invest through a Regular Savings Plan (RSP) — buying a fixed dollar amount on a set schedule — FSM Global waives the processing fee entirely on the buy side for SGX, US, HK, and UK ETFs. You still pay the flat fee (or a small percentage) when you sell. For a Singapore investor putting S$500 a month into a broad-market ETF, an RSP with 0% buy fees can meaningfully reduce your total cost of investing over a 10-year horizon compared to manual monthly trades.

Unit Trust Fees: Sales Charge and Platform Fee

Unit trusts are where FSMOne first made its name. It was the first investment platform in Singapore to offer a permanent 0% sales charge — the upfront cut that other platforms and banks often deduct the moment you invest, sometimes as high as 3-5% of your investment. That structural advantage still stands under the FSM Global brand.

However, “0% sales charge” doesn’t mean unit trusts are entirely free to hold. If you invest with cash or SRS funds, you’ll pay a small ongoing platform fee, calculated on your total unit trust holdings and billed quarterly:

Source: fsm.global pricing structure — Funds, accessed 4 August 2026. Rate tier depends on your total Assets Under Administration (AUA); higher-tier clients may pay 0%.

Here’s a worked example: if you hold S$50,000 in an equity unit trust through your cash or SRS account and you’re charged the standard 0.0875% quarterly rate, that’s roughly S$175 in platform fees over a year — before GST. Compare that to the sales charge you’d have avoided (0% vs a typical 3% upfront charge elsewhere, which would have cost S$1,500 on the same S$50,000 investment) and the platform fee is still the cheaper path for most investors.

Two important exceptions: CPF investments pay no platform fee at all, and Diamond-tier clients (FSM Global’s top service tier, based on account size) are also exempted from the platform fee. If you’re investing your CPF Ordinary Account or CPF Special Account savings through FSM Global’s CPFIS-linked funds, the 0% sales charge and 0% platform fee combination is hard to beat among Singapore platforms.

How the Quarterly Platform Fee Actually Works

The platform fee isn’t charged per transaction — it accrues daily based on your average holding value, then gets deducted once a quarter. FSM Global’s quarters end on the last day of February, May, August, and November.

The fee is calculated on two things separately: your bond holdings, and your combined unit trust holdings across all FSM Global accounts under the same main account holder (including any linked beneficiary accounts). When it’s time to collect, FSM Global deducts the fee from your cash account first. If there isn’t enough cash, it moves down a set order — your SGD auto-sweep account, then a designated short-term bond or cash fund, and finally your best-performing fund holding.

If you fully sell out or transfer your holdings away mid-quarter, you’ll still owe a pro-rated platform fee for the days you held the fund that quarter — it gets deducted from your cash balance or the sale proceeds.

How FSMOne Fees Compare to Other Singapore Platforms

FSMOne’s fee model is built around flat, transaction-based pricing rather than a percentage-of-assets advisory fee. That’s a meaningfully different structure from robo-advisors like Syfe and Endowus, which typically charge an ongoing advisory or management fee as a percentage of your invested amount, regardless of how often you trade. Broker-focused platforms like Tiger Brokers and moomoo, on the other hand, compete more directly with FSM Global on flat or low-percentage trading commissions.

Which structure suits you depends on how you invest. If you make frequent, smaller trades or want a fully hands-off, managed portfolio, a percentage-fee robo-advisor may work out cheaper or simpler. If you invest in lump sums, hold for the long term, and want to pick your own unit trusts, ETFs, or stocks without paying an advisory fee on top, FSM Global’s flat-fee-plus-0%-sales-charge model tends to work out lower cost. For a detailed side-by-side on advisory fees and minimum sums, see our comparison of Syfe, Endowus, and FSMOne.

If you’re specifically investing your SRS or CPF funds and comparing platforms for that purpose, our FSMOne SRS account guide and FSMOne CPF and SRS strategy guide break down the account-linking steps and fee treatment in more detail.

How to Minimise Your FSMOne Fees

A few practical moves can meaningfully cut what you pay over time:

Batch your trades. Since SGX stock fees are flat at S$8.80 regardless of trade size, buying S$5,000 in one trade costs the same S$8.80 as buying S$500 — but the S$8.80 eats up a much smaller percentage of the larger trade. Where possible, consolidate smaller planned purchases into fewer, larger ones.

Use RSP for ETFs. Regular Savings Plans waive the buy-side processing fee on SGX, US, HK, and UK ETFs. If you dollar-cost average monthly, this alone removes a recurring cost that would otherwise add up over dozens of trades a year.

Route CPF investments through 0%-platform-fee funds. Since CPF holdings never attract a platform fee on FSM Global regardless of fund type, there’s no cost penalty to holding equity unit trusts in your CPF Investment Account versus lower-cost fixed income funds — the platform fee isn’t a factor either way.

Watch your AUA tier. Because the unit trust platform fee is based on total Assets Under Administration and Diamond-tier clients are fee-exempt, consolidating your unit trust holdings on one FSM Global account (rather than splitting across accounts) can help you reach a lower-fee tier faster.

Remember GST. All the fees above are quoted before Singapore’s 9% GST, which applies to commissions and fees charged to Singapore tax residents. Budget for it when comparing your all-in cost.

If you’re also weighing whether to route your everyday SRS top-ups through FSM Global or park spare cash elsewhere first, our Singapore retirement calculator can help you work out how much you need to invest each month to hit your target — and our unit trust vs ETF guide explains which wrapper tends to suit which investing style before you start comparing platform fees.

Frequently Asked Questions

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