FSMOne Review: Fees, features & how to invest (2025)

FSMOne¹ is a popular investment platform in Singapore that has an extremely broad reach in terms of market and asset type. You can invest in bonds, stocks, EFTs, and fully managed portfolios, and get cash solutions, including a multi-currency account and card services.

This FSMOne review looks at how to open an FSMOne account and the key FSMOne fees to consider when you do so. We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

Table of contents
FSMOne features and tools FSMOne fees and pricing ETFs Stocks Unit Trusts Other FSMOne fees How to open an FSMOne account How to invest or buy stock with FSMOne Save money when trading international stocks on FSMOne with Wise Frequently Asked Questions

What is FSMOne?

FSMOne is part of iFAST Financial Pte Ltd, and has been in business in Singapore for 25 years, initially operating as Fundsupermart.

FSMOne offers digital investment options, including ways to trade independently or buy into managed portfolios. You’ll find a very broad range of options, backed with advice, historical performance data, and education tools, making this a good option for both beginner investors and more established investors alike.

This guide is for information only, and does not constitute advice. The value of investments can go down as well as up - get professional advice before you put your money at risk.

FSMOne features and tools

FSMOne is primarily an investment platform and offers features such as:

• Access assets in Singapore, Hong Kong, and the US with just your phone
• Quick digital application and onboarding
• Buy and sell bonds, funds, stock, and ETFs across different markets
• Easy ways to add money in SGD and other currencies - and to withdraw to your local bank when you choose to
• Access managed portfolios to help build your ideal investment strategy
• Choose from the Stocks Thematic Portfolio range to see stocks that fit hot themes
• Extras like insurance and estate planning services available
• Historic data and stock ideas available with no additional charges
• FSMOne learning hub offers tools to learn about investing and wealth management
• Trade online and in app, with an office location in Raffles Place, if you prefer to talk to someone face-to-face

You can also open various FSMOne cash account solutions, including getting the FSMOne debit card, which lets you spend from your uninvested cash, sales profits, and dividends. Cash products include:

Multi-currency cash account - hold and receive interest on 12 currencies, allowing you to buy and sell foreign currency assets without converting back to SGD every time. When you’re ready, convert back to SGD for instant withdrawal to your bank.

Autosweep account - automatically move excess uninvested cash from sales proceeds, bond maturities, dividends, and other sources into potentially higher-yielding assets with high liquidity and no lock-in period.

FSMOne debit card -to spend your investment proceeds and dividends without needing to withdraw your funds to your bank first - some fees apply for overseas use, which we cover later.

FSMOne fees and pricing

FSMOne fees and pricing vary depending on the types of investments you buy into, and how you use your account². We’ve featured some of the key fees to know about here, but it’s crucial that you read through the fee schedule carefully before you sign up for an account so there are no surprises.

FSMOne fees: ETFs

FSMOne fees on ETFs are a flat fee, regardless of the value of the trade, set according to the currency and index you’re trading on:

Currency/exchange	FSMOne fees
SGD/SGX	3.8 SGD
USD/US	3.8 USD
HKD/HKEX	38 HKD

*Details correct at time of research - 14th August 2025.

FSMOne fees: Stocks

FSMOne fees on stocks are flat for SGD and HKD, but a percentage for USD trades:

Currency/exchange	FSMOne fees
SGD/SGX	8.8 SGD
USD/US	3.8 USD or 0.08%
HKD/HKEX	50 HKD (Gold & Diamond Tier)

*Details correct at time of research - 14th August 2025.

FSMOne fees: Unit Trusts

FSMOne has no fees for unit trusts. This includes:

• 0% Sales charge
• 0% Platform fee (Diamond Tier)
• 0% Platform Fee for CPF investments

Other FSMOne fees

There are a couple of other important FSMOne fees to know about, including:

FSMOne dividend handling fee: SGX Dividend Handling Fee of USD 3 for gross dividend applicable on US-based ETF

FSMOne debit card foreign transaction fee: 0.5% of the transaction amount when spending in a foreign currency

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Buying or selling a stock or shares that aren’t traded in your local currency? Don’t let the currency conversion trip you up. Convert your stocks or shares into any currency with our handy tool, and you’ll always know what you’re getting. Check out our international stock ticker tool.

Explore international stocks 🌍

Disclaimer: Wise's international stock ticker provides information for reference purposes only. This tool and platform does not offer to buy or sell stocks, and the data displayed here should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. We make no guarantees regarding the accuracy or completeness of the information provided, and users should exercise caution and seek professional guidance when making investment choices.

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How to open an FSMOne account

You can open an account in person at the FSMOne office, but the easiest way to get your account up and running is to apply online or in the FSMOne app. Here’s what to do³:

1. Download the app or open the FSMOne desktop site.
2. Tap Open and account, and confirm the type of account you want.
3. If you have Singpass, you can use it to populate your personal and contact information; otherwise, there’s a manual process you can follow.
4. Follow the prompts to enter additional information as required, and upload documents if needed.
5. Once your account is verified - usually in 1 business day - you can start to transact.

You’ll need to provide some details and documents to open your account. If you use Singpass, this can minimize the amount you need to manually input. Or, if you prefer a manual process, have your passport or NRIC to hand as well as a proof of ID like a received utility bill or bank statement.

How to deposit money to FSMOne

You can deposit money to FSMOne through any of the following methods⁴:

1. FAST Transfer
2. PayNow UEN (Unique Entity Number)
3. Internet Bill Payment
4. Cheque Instruction
5. Singapore Local USD and Telegraphic Transfer Instruction
6. Bank Drafts

The easiest option is to send money using a FAST transfer or PayNow if you’re sending SGD. In this case, you can initiate the payment from your local bank or preferred provider, and enter the FSMOne account information to securely process the transfer⁵. The FSMOne account information you need is available by logging into your FSMOne account in the app or online.

If you’re sending a telegraphic transfer, you can do so through your bank or preferred platform, adding your FSM Investment Account Number and your full name to your payment as references. Make sure to pay all charges - selecting the OUR payment option where possible - so all your money arrives in the account.

How to withdraw money from FSMOne

Here’s how to withdraw money from FSMOne:

1. Log into your FSMOne account, and go to Cash Solutions and then Withdrawal.
2. Select the account to withdraw from, enter the amount, and the currency.
3. Verify your bank details following the prompts.
4. Enter your password when prompted and confirm the withdrawal.

If you’re withdrawing to an SGD bank account, your money may be available almost immediately.

For customers who would prefer, there’s also the option to set up a recurring withdrawal so your future payments will land in your SGD bank account without you needing to initiate them every time.

How to invest or buy stock with FSMOne

Once you have money in your account, it’s time to trade. There are lots of helpful resources on the FSMOne website and in the app, including ideas about which stocks to buy and listings ordered by theme so you can make sure your investment decisions align with your goals and plans. FSMOne may also be able to offer investment advice if you need it - or you can consult another professional for help if you’re unsure which assets may best help you meet your financial goals.

Here’s how to invest or buy stock with FSMOne⁶:

1. Log into your FSMOne account online or in the app.
2. Select Quick Trade and then the Buy or Sell tab.
3. Enter the quantity and price of the stock and then tap Preview Order.
4. Review the details and confirm the trade.

If you find you do not have enough money in your account to complete the trade, you’ll be prompted to your cash account to top up, and can then return to the trading page once the funds have settled.

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Save money when trading international stocks on FSMOne with Wise

While FSMOne doesn't charge to receive foreign currency deposits, your bank will likely charge fees to send them. FSMOne also applies a fee for foreign currency withdrawals. To avoid these charges, consider using Wise for your international transfers.

The Wise account is an easy way to hold and exchange 40+ currencies, including SGD, MYR, EUR, CNY, and more. All you need to do is create a free account to get started.

With Wise, you can exchange currencies at the mid-market rate each time, with low, transparent conversion fees from 0.26% and absolutely no markups. Plus, you can order a linked Wise card for convenient spending without any foreign transaction fees, and up to 2 free ATM withdrawals to the value of 350 SGD when you're overseas. You'll even get 8+ local account details to get paid conveniently to your Wise account in SGD and a selection of other major global currencies.

Sending money or making payments abroad? Wise also offers fast, low cost transfers to 140+ countries - you can track your transfer in your account and your recipient will also be notified when a transfer reaches them.

🚀 Get Started with Wise

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Frequently Asked Questions

Is FSMOne safe in Singapore?

FSMOne is MAS-regulated in Singapore and safe to use. Bear in mind that investing can be inherently risky, so you’ll need to do your own research and take professional advice prior to putting your own money at stake.

How to close an FSMOne account?

To close your FSMOne account, you must ensure you have no funds left in the account. Then, download the "Account Closure Request Form" from the FSMOne website, complete it, and mail the original signed form to their Singapore office to process the closure.

Is FSMOne a good choice for beginners?

It is great for beginners who want access to a wide range of investments and research tools like RSPs. The platform can be complex, so users seeking a simpler mobile experience might prefer newer robo-advisors or digital brokers.

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Sources used:

1. FSMOne
2. FSM pricing
3. FSMOne FAQ - account opening
4. FSMOne guide - deposits and withdrawals
5. FSMOne - payment instructions
6. FSMOne - how to buy