FSMOne Singapore Review 2026: Fees, Features & Referral Code
FSMOne (formerly Fundsupermart) is one of Singapore’s most established investment platforms — but is it still worth using in 2026? We break down the fees, features, pros, cons, and how to claim your referral bonus. This is not financial advice. Always do your own research before investing.
Table of Contents
What Is FSMOne?
FSMOne is the investment platform operated by iFAST Financial Pte Ltd, a subsidiary of SGX-listed iFAST Corporation. It was originally launched as Fundsupermart — Singapore’s first online unit trust marketplace — back in 2000, making it one of the longest-running investment platforms in the country.
Today, FSMOne has evolved into a multi-asset investment hub where Singaporeans can buy and sell:
- Unit trusts / mutual funds (2,400+ funds from 100+ fund managers)
- Stocks and ETFs listed on SGX, NYSE, NASDAQ, HKEX, and China A-Shares
- Bonds (retail, wholesale, Singapore Government Securities)
- Managed portfolios (MAPS — iFAST’s model portfolio service)
- Insurance savings plans
You can invest using cash, CPF (OA and SA), and SRS funds — which is a significant advantage over many newer platforms that only accept cash.
FSMOne Fees Explained (2026)
FSMOne’s fee structure differs by asset class. Here’s a clear breakdown as at April 2026:
Unit Trusts
| Fee Type | FSMOne Rate |
|---|---|
| Sales charge (front-end load) | 0% |
| Platform fee (cash/SRS, <S$300k AUA) | 0.35% p.a. (equity/mixed funds) |
| Platform fee — fixed income (cash/SRS) | 0.20% p.a. |
| Platform fee — CPF funds | 0% |
| Redemption fee | 0% |
| Switching fee | 0% |
| Diamond tier (AUA >S$500k) platform fee | 0% |
Stocks & ETFs
| Market | Commission |
|---|---|
| SGX (Singapore) | Flat S$8.80 per trade |
| NYSE / NASDAQ (US) | Flat US$8.80 per trade |
| HKEX (Hong Kong) | Flat HK$50 per trade |
| HK-listed ETFs | Flat HK$38 per trade |
| China A Shares | Flat CNH40 per trade |
No custodian fee, no inactivity fee, no minimum deposit. This makes FSMOne one of the more transparent brokerage platforms in Singapore for long-term, infrequent traders.
FSMOne vs Endowus, Syfe & Other Platforms
To help you decide, here’s how FSMOne stacks up against the other major Singapore investment platforms:
| Platform | Primary Asset | Typical Fee | CPF/SRS? |
|---|---|---|---|
| FSMOne | Unit trusts, ETFs, stocks | S$8.80 flat (stocks); 0.35% p.a. (funds) | ✅ Yes |
| Endowus | Fund portfolios | 0.25–0.60% p.a. access fee | ✅ Yes |
| Syfe | Robo portfolios, ETFs, stocks | 0.35–0.65% p.a. | ✅ SRS only |
| Tiger Broker | Stocks, ETFs, options | 0.03% min S$1.99 (SGX) | ❌ No |
| Moomoo | Stocks, ETFs, options | 0.03% min S$0.99 (SGX) | ❌ No |
| FSMOne vs Endowus | Both good for funds | FSMOne cheaper for CPF; Endowus better UX | Both ✅ |
The key differentiator: FSMOne is the only platform where CPF investing incurs zero platform fee on unit trusts. If you’re using CPF OA or SA funds for investment, FSMOne is hard to beat on cost. For a full head-to-head, see our Syfe vs Endowus 2026 comparison.
Key Features of FSMOne (2026)
1. Largest Unit Trust Marketplace in Singapore
FSMOne offers over 2,400 unit trusts from more than 100 fund managers — more than any other platform in Singapore. Whether you want global equities, Asia funds, fixed income, or ESG strategies, FSMOne likely has it. Crucially, all unit trusts come with 0% sales charge (no front-end load), which can save you 1.5–5% vs buying through a bank.
2. Multi-Currency, Multi-Market Access
From a single FSMOne account, you can trade SGX-listed stocks and ETFs (including S-REITs), US-listed blue chips and ETFs, Hong Kong stocks, and China A-Shares. This breadth is matched by few Singapore retail platforms.
3. CPF and SRS Investing
FSMOne is an approved CPF Investment Scheme (CPFIS) platform. You can invest your CPF OA and SA funds in selected unit trusts and Singapore Government Bonds through FSMOne — with zero platform fee on CPF-invested funds. This is a major cost advantage for long-term retirement portfolio builders. For more on CPF investing strategy, see our CPF investment guide.
4. MAPS Managed Portfolios
Not sure which funds to pick? FSMOne’s MAPS (Model Asset Portfolio Service) offers five pre-built risk-based portfolios. These are rebalanced periodically and managed by iFAST’s investment team. Platform fee for MAPS is 0.35% p.a. on cash — comparable to Syfe’s basic tier.
5. CDP-Linked Account for SGX
Unlike some custodian-only brokers, FSMOne uses a CDP-linked account for Singapore stocks and ETFs. This means your SGX holdings are registered in your name under CDP — you get shareholder rights, direct DPU distributions, and no custodian counterparty risk.
6. Bonds & SGS
FSMOne offers access to retail bonds, wholesale bonds (for accredited investors), and Singapore Government Securities (T-bills, SSBs, SGS bonds). If you’re building a diversified retirement portfolio, this one-stop access is genuinely useful. For T-bill comparisons, try our T-Bill & SSB comparison calculator.
Pros & Cons of FSMOne
| ✅ Pros | ❌ Cons |
|---|---|
| 0% sales charge on 2,400+ unit trusts | S$8.80 flat fee is expensive for small trades (<S$5,000) |
| 0% platform fee for CPF-invested unit trusts | No options, futures, or derivatives trading |
| Multi-asset: stocks, ETFs, bonds, funds, MAPS, insurance | Platform UI feels dated vs newer apps like Moomoo or Syfe |
| CDP-linked for SGX stocks — no custodian risk | No fractional shares for SGX or US markets |
| No minimum deposit, no inactivity fees | Limited sign-up promotions vs newer platforms |
| Multi-market: SGX, US, HK, China A-Shares | Charts and data updates less frequent than competitors |
Who Is FSMOne Best For?
After reviewing the fee structure and features, here’s our view on who gets the most value from FSMOne:
FSMOne is ideal for:
- CPF investors — zero platform fee on CPF-invested unit trusts is unbeatable. If you’re investing CPF OA or SA into active funds, FSMOne is the cheapest option.
- Long-term unit trust investors — 0% sales charge + access to 2,400+ funds with competitive annual platform fees.
- Large-lot SGX stock traders — S$8.80 flat fee is cheap for trades above S$10,000. For smaller buys, use Tiger or Moomoo.
- Retirees and pre-retirees — broad bond access, SGS bonds, and a CPF-compatible platform makes FSMOne useful for building a conservative retirement portfolio. Use our retirement planning calculator to size your needs.
- Investors who want one account for everything — stocks, funds, bonds, SRS, CPF, and managed portfolios all in one place.
FSMOne is less ideal for:
- Active day traders who need options, fast execution, or fractional shares — consider Moomoo or Interactive Brokers.
- Small-lot stock buyers — at S$8.80 flat, buying S$500 of an ETF means a 1.76% commission. Use a robo-advisor like Syfe or Endowus instead.
- Beginners who want a guided, simple experience — newer apps have better UX and educational features.
FSMOne Referral Code 2026
If you’re opening a new FSMOne account, use our referral code to claim your welcome bonus:
FSMOne Referral Code: P0544985
Enter this code when opening your FSMOne account to receive a welcome bonus on your first qualifying transaction. Check the FSMOne promotions page for the latest bonus amount and terms.
Our full referral details and current promo terms are on our FSMOne referral code page. We may earn a small commission at no cost to you — this doesn’t affect our review.
How to Open an FSMOne Account
Opening an FSMOne account is fully digital and takes about 15–20 minutes. Here’s the process:
- Visit FSMOne.com and click “Open Account” — or go directly to the signup page.
- Enter your details: NRIC, personal information, tax residency, employment details.
- Enter referral code P0544985 during signup to claim your welcome bonus.
- Complete MyInfo / SingPass verification — fastest way to auto-fill your details.
- Link your bank account for cash deposits and withdrawals.
- Make your first transaction — unit trust purchase, ETF, or bond — to unlock the referral bonus.
There is no minimum deposit required. Your account is typically approved within 1–2 business days.
If you plan to use CPF, you’ll need to separately activate CPF investing through FSMOne after your account is approved. This requires an additional step with your CPF agent bank.
FAQ: FSMOne Singapore
Is FSMOne safe?
Yes. FSMOne is operated by iFAST Financial Pte Ltd, which is regulated by the Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS) licence. iFAST Corporation is listed on the Singapore Exchange (SGX). Your cash holdings are held in segregated trust accounts, and SGX stocks are CDP-registered in your name — both providing strong investor protection.
Does FSMOne charge a platform fee on CPF investments?
No. FSMOne charges 0% platform fee on unit trusts purchased using CPF OA or SA funds. This is one of the main reasons CPF investors prefer FSMOne over Endowus (which charges 0.20–0.25% p.a. access fee even for CPF). For cash or SRS investments, FSMOne charges 0.35% p.a. (equity funds) or 0.20% p.a. (fixed income funds) for AUA below S$300,000.
What is the FSMOne referral code?
The FSMOne referral code is P0544985. Enter it during account opening to receive a welcome bonus on your first qualifying transaction (unit trust, ETF, or bond purchase). See our FSMOne referral code page for the latest terms and bonus amount.
Is FSMOne better than Endowus?
It depends on your use case. FSMOne is better for CPF investing (0% fee vs Endowus’s 0.20–0.25%) and direct stock trading. Endowus has a better user experience, more curated fund selection, and is preferred by investors who want a fully managed/guided approach. For a full comparison, read our Syfe vs Endowus 2026 article, or claim the Endowus referral bonus if you want to try both.
Can I invest in S-REITs through FSMOne?
Yes. FSMOne lets you buy and sell S-REITs listed on the Singapore Exchange (SGX) with a flat S$8.80 commission per trade. This is cost-effective for larger lots. You can also access REIT ETFs like the Lion-Phillip S-REIT ETF and NikkoAM-Straits Trading Asia ex Japan REIT ETF. For S-REIT analysis, see our Best S-REITs Singapore 2026 guide.
What is the minimum deposit for FSMOne?
There is no minimum deposit to open or maintain an FSMOne account. However, unit trusts typically have a minimum investment of S$100 per transaction. SGX stock purchases are for whole board lots (usually 100 shares), so the minimum trade size depends on the share price.
Other Referral Bonuses Worth Claiming
While you’re setting up your investment accounts, here are other referral bonuses available to Singapore investors in 2026:
- Endowus referral code — bonus on first investment; excellent for fund-based CPF/SRS investing
- Syfe referral code — fee waiver on first S$30,000 for up to 6 months; great for robo-advisory and ETF portfolios
- MariBank referral code — bonus interest on Singapore’s highest-rate digital savings account
- FSMOne referral code (P0544985) — welcome bonus on first qualifying transaction