In the last Learning investing/trading post,i mention that i have started open an account with FundSuperMart(FSM),which has the lowest brokerage cost in Singapore( 0.08% or a minimum of $ 10)



Surprisingly,the sign up process was easy using Singpass account and in about one day, i open a brokerage account with FSM.



So,why choose FSM as a brokerage?





Cheapest stock brokerages fees in Singapore at ( 0.08% or a minimum of $ 10)

Good customer service,asked some queries on the account fee using the chat interface and was answer promptly

Cons

No physical bank(Yes,some people prefer a brick and mortar bank)

Must transfer money to FSM and they will update your account balance(Updating of balance in account generally takes an hour not immediate)

Let's say you transfer $4000 at 3 PM to your FSM account,only at 4 PM then your account balance will show that you have $4000 transfer in

How to set up a FSM account?