FSMOne Review 2026: Fees, CDP Investing & Is It Singapore's Best Online Broker?

Referral Code P0544985 · CDP Ownership · CPF & SRS Eligible · S-REITs, ETFs & Unit Trusts

FSMOne (Fundsupermart) is Singapore's lowest-cost CDP-linked online broker, charging just 0.08% commission per trade (minimum S$10 for SGX stocks and S-REITs). It supports CPF Investment Scheme (CPFIS-OA and CPFIS-SA) and SRS investing, making it one of the few platforms where you can buy S-REITs and ETFs directly from your CPF savings while retaining CDP ownership of your shares.

Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.

If you're a Singapore investor looking to build a dividend portfolio of S-REITs, ETFs, or unit trusts at the lowest possible cost, FSMOne deserves a serious look. This review covers everything: fees, account types, CPF/SRS eligibility, CDP ownership, what you can and cannot invest in, and how it compares to Syfe, Endowus, and DBS Vickers in 2026.

Referral code: P0544985 — use this when opening your FSMOne account. See our dedicated FSMOne referral code page for the latest offers.

Table of Contents

What Is FSMOne?

FSMOne, formerly known as Fundsupermart, is a Singapore-based online investment platform owned by iFAST Corporation (SGX: AIY). Established in 2000, it has grown into one of Singapore's largest retail investment platforms, offering access to unit trusts (funds), stocks, ETFs, S-REITs, Singapore Government Securities, and bonds through a single account.

Unlike robo-advisors such as Syfe or Endowus, FSMOne is a full-service brokerage with direct CDP (Central Depository) integration. When you buy SGX-listed securities through FSMOne, the shares are deposited into your own CDP account — you are the direct owner, not FSMOne or a nominee. This matters for corporate actions, dividends, and AGM voting rights.

FSMOne is regulated by the Monetary Authority of Singapore (MAS) as a Capital Markets Services (CMS) licence holder. It is also a MAS-authorised CPF Investment Scheme (CPFIS) operator, which is why it can accept CPF-OA and CPF-SA funds for investment.

As of June 2026, FSMOne manages assets exceeding S$20 billion and serves over 250,000 clients in Singapore and Asia.

FSMOne Fees 2026

FSMOne's standout selling point is its fee structure. For SGX-listed securities (stocks, S-REITs, ETFs), the commission is 0.08% per trade, with a minimum of S$10. This is among the lowest in Singapore for a CDP-linked broker.

Source: FSMOne fee schedule, June 2026.

FX Spread

For Singapore-listed securities (S-REITs, ETFs, SGX stocks), there is no FX spread since trades are in SGD. For overseas securities (US/HK stocks, LSE-listed ETFs), FSMOne charges an FX conversion spread of approximately 0.5–0.8%. This is worth factoring in if you plan to buy UCITS ETFs on the LSE — IBKR may be more competitive for LSE trades, but FSMOne wins on SGX-listed products.

For investors building a dividend portfolio of S-REITs, the 0.08%/S$10 fee structure is hard to beat. A S$5,000 purchase of CapitaLand Ascendas REIT (CLAR) costs just S$10 in commission versus S$25 at DBS Vickers.

CPF & SRS Investing with FSMOne

One of FSMOne's strongest advantages is its comprehensive CPF and SRS integration.

Source: CPF Board CPFIS approved list, FSMOne account types, June 2026.

Use our Singapore retirement calculator to model how CPF investing via FSMOne could accelerate your retirement goal. Explore our full guide on CPF investment strategy for CPFIS eligibility and risk tier details.

CDP Ownership: Why It Matters

When you buy SGX-listed stocks or S-REITs through FSMOne, your shares are deposited directly into your CDP (Central Depository) account. This differs from custodian-held accounts used by Syfe, Endowus, and some overseas brokers.

CDP ownership means you are the registered owner of your shares (not a nominee), you receive dividends directly into your bank account via GIRO, you are eligible to vote at AGMs and EGMs, your shares remain safe even if FSMOne ceases operations, and you can transfer shares to other CDP-linked brokers without selling.

For S-REIT investors building a long-term dividend portfolio, CDP ownership provides peace of mind that custodian-only models cannot match. FSMOne's unit trust and overseas stock accounts use iFAST Financial's nominee/custodian — standard industry practice for funds.

What Can You Invest In on FSMOne?

FSMOne offers one of the broadest product ranges among Singapore retail platforms: S-REITs & Business Trusts (all SGX-listed), SGX-listed ETFs (STI ETF ES3/G3B, Lion-Phillip CLR, Nikko AM CFA), Singapore Stocks, Unit Trusts (0% sales charge, 2,000+ funds), Singapore Savings Bonds & T-Bills, US/HK stocks (custodian), bonds, and Regular Savings Plans (RSP for monthly DCA).

FSMOne does NOT offer crypto, options, futures, forex, or margin trading. It is focused on long-term passive investing.

For passive income in Singapore, the combination of FSMOne + S-REITs + CPF-OA is one of the most common strategies used by DIY investors targeting 5–7% yield portfolios. Check our Singapore REIT ETF guide for ETF options on FSMOne, and our best S-REITs Singapore 2026 list for stock-picking ideas.

For fixed income, FSMOne also provides access to Singapore Savings Bonds and Singapore T-bills 2026 through its bond module.

FSMOne vs Syfe vs Endowus vs DBS Vickers (2026)

Source: Published fee schedules, June 2026.

The verdict: FSMOne is best for active or semi-active Singapore investors who want CDP ownership, CPF/SRS eligibility, and the lowest per-trade cost for S-REIT portfolio building. Many investors use both FSMOne for direct S-REIT stock-picking and Endowus (code 2V343) or Syfe (code SRPRFFFCD) for their CPF/SRS fund allocations.

FSMOne Pros & Cons

Based on FSMOne platform features as at June 2026.

How to Open an FSMOne Account (Step-by-Step)

1. Go to FSMOne.com — visit fsmone.com.sg and click “Open Account”
2. Enter referral code P0544985 — The Kopi Notes' referral code. See our FSMOne referral code page for current promotions
3. Complete SingPass/MyInfo verification — instant for Singapore residents; NRIC required
4. Link your CDP account — FSMOne will guide you if you don't have one (free, ~3 business days)
5. Link a bank account — DBS/POSB, OCBC, UOB, HSBC all supported
6. Optional: Link CPF or SRS — via CPF Board's online portal or your SRS bank
7. Fund your account — PayNow, bank transfer, or GIRO; minimum S$1,000
8. Start investing — search your target S-REIT or ETF and place your first order

The entire process takes 15–30 minutes online. Account approval is typically within 1–2 business days.

FSMOne Referral Code: P0544985

Use referral code P0544985 when opening your FSMOne account. Visit our dedicated FSMOne referral code page for the latest promotions and step-by-step sign-up guide.

Also compare with Endowus (code 2V343) for CPF/SRS fund investing, Syfe (code SRPRFFFCD) for robo-advisory, or MariBank for high-yield savings.

Frequently Asked Questions

Disclaimer: This article is for educational purposes only and does not constitute financial advice. FSMOne referral code P0544985 is The Kopi Notes' referral code. All data accurate as at June 2026.