FSM Global provides you to trade with stock markets in Singapore, Hong Kong, China, Malaysia, United Kingdom and the US. We provide innovative analytical tools and independent research insights into stocks investing to equip you with the confidence and knowledge to make the right stock investment decisions. Our transparent and competitive charges will also give you peace of mind to invest with us in the long run.

A stock is a form of security that gives you an ownership interest in a company and represents a claim on its assets and earnings. It is also known as shares or equity.

You can refer to our New to Stocks to learn more about stocks.

Stocks, ETFs, company warrants, REITs and ADRs are available on our Stocks/ETFs platform. Wholesale Bonds / SGX Retails Bonds and Preference Shares can be found under Bond Platform, please click HERE.

Please click on the following for more information:
Trade with FSM Global
Daily Leveraged Certificates
Structured Warrants

Do note that you need to go through the following acknowledgements/assessments before you can transact in Stocks/ETFs.
i. CAR assessment for trading in SIPs.
ii. Risk Disclosure Statement (RDS) for trading in securities.
iii. Risk Warning Statement (RWS) for trading in Overseas-Listed Products.
iv. W-8BEN declaration for trading in US securities.

Please refer to the MAS Notice.

For ETFs, Daily Leverage Certificates, Structured Warrants that are classified as Specified Investment Products (SIPs), you will need to complete Customer Account Review (CAR) at Account Settings > CKA/CAR Assessment before you are allowed to transact in them.

For stocks and all other non-SIP ETFs, you do not need to complete the CAR.

If you pass the CAR, there is no restriction on trading stocks/ETFs and the CAR shall be valid for a period of 3 years. If you fail the CAR, extra acknowledgement which highlight the key risks of investing in listed SIPsis needed.

You may submit the declaration by going to Account Settings > CKA/CAR Assessment > check on "I wish to proceed to activate my investment account to transact in listed Specified Investment Products ("SIP") such as Exchange Traded Funds (ETFs)" to submit.

*Young investors (below 21 years old) are not allowed to trade in SIP products even passing the CAR.

FSM Global Investment Account is a pre-funded account where your trading limit is equivalent to the available balance in the respective Cash Solutions. Therefore, you will need to ensure there is sufficient money in the respective Cash Solutions before placing Stocks and ETFs purchase.

*Do note that China A-shares currently only supports trading of securities using CNH cash account. Auto-Sweep Account will not be supported until further notice.

Please click HERE, refer to question No. 3 for the steps on how to deposit money into your Cash Account(s).
Please click HERE, refer to question No. 17 for the steps on how to top-up your Auto-Sweep Account.

Your trading account with FSM Global Investment Account is opened with iFAST Financial Pte Ltd, a SGX-ST Trading Member, and CDP Clearing member and Depository Agent. When you buy securities with FSM Global, these are custodised with iFAST. A CDP securities account is opened with The Central Depository Pte Ltd (CDP) where the CDP acts as the custodian of your Singapore securities.

If you have linked your CDP Securities Account with your FSM Global trading account to facilitate the selling of securities held in your CDP Securities Account, these sell trades will still be reflected in your CDP Securities Account statements but you will receive transaction confirmation notes from iFAST Financial Pte Ltd.

Note: Linking your CDP account is strictly for the sale of your CDP-held shares. Any shares you purchase using cash through FSM Global will still be custodied with FSM Global, even if your CDP account is linked.

 

Please submit the CDP Linkage at Account Settings > Sell from CDP.  You will need to key in your CDP Securities Account Number for online linkage submission.

The linkage process will take approximately 2 to 3 business days to process. You will be notified via email on the outcome of the CDP linkage.

Note:
1. CDP Securities Account linkage with FSM Global strictly allows you to sell your Stocks/ ETFs holdings held in your CDP Securities account only. Your holdings in CDP will not be linked and show in your FSM Global account after linkage approved.
2. You can only link your “CDP Personal Account to your FSM Global Personal Account” and/or “CDP Corporate Account to your FSM Global Corporate Account”. Other account types (e.g. Joint, Beneficiary) are not accepted.

You can only link your “CDP Personal Account to your FSM Global Personal Account” and/or “CDP Corporate Account to your FSM Global Corporate Account”. Other account type (e.g. Joint, Beneficiary) is not acceptable.

Please apply for Revoke Account linkage directly with CDP. Alternatively, you can download the form from SGX website and submit it to CDP or to FSM Global for revoke request.

Note: You may find the position account number from your CDP login portal.

After you submitted your CDP Account Linkage online, we will forward the instruction to CDP. One common reason of rejection from CDP is due to information/particular discrepancy in your submission. In such instance, you will be informed via email of the CDP Linkage rejection reason. Then, please update the necessary information/particular and try to resubmit the linkage again.

You can retrieve their latest CDP holdings through SGX website. If in doubt, please contact CDP at +65 6535 7511 for further assistance.

Please note that linking your CDP account will not display your CDP holdings in FSM Global, nor will your FSM Global holdings appear in your CDP account.

CDP account holders can retrieve their Individual CDP Account Number by logging into SGX website or through an automated answering service at SGX by following the steps below:

1. Call SGX Hotline at 6535 7511; Press 1 for English, or Press 2 for Chinese
2. Wait and hold for the self-service menu and press Option 1 to check CDP account number
3. Enter NRIC/Malaysian IC/Passport number and CDP registered mobile number
4. Upon successful verification, your CDP account number will be sent via SMS to the mobile phone.

Only non-US persons are eligible to trade in the US markets. 

To trade in US stocks, besides acknowledging the Risk Disclosure Statement (RDS) relating to Securities and Risk Warning Statement (RWS) for transacting in Overseas-Listed Products, you are required to complete the W-8BEN (W8 form) declaration to certify your Non-US tax status.

Log in to your account > Account Settings > Click on "W-8BEN Declaration (U.S. Trading Service & U.S. Source Income Bond)"
This electronic method is the fastest and easiest way to declare your W8. You will also be able to check your expiry date for W8 or use this page to redeclare when it expires.

For beneficiary accounts, you will need to submit W-8BEN form for the main and beneficiary account holder respectively.

W-8BEN form is an Internal Revenue Service (IRS) form that certifies the Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting. Submission of this form is compulsory if you intend to invest in US securities. 

Please note that the W8 form cannot be used by certain persons as prescribed in the form and is generally applicable only if you are an individual and a non-US tax resident. This should not be construed as tax advice and please consult a professional tax adviser for tax-related questions. 

If a change in circumstances makes any information on the W-8 form incorrect, you must re-submit the appropriate form within 30 days of the change in circumstances.

The Form W-8BEN is valid for 3 years starting from the date of declaration to the last day of the third succeeding calendar year e.g. Form W-8BEN signed on 31st Oct 2017 remains valid through 31st Dec 2020.

If there is a change in circumstances that makes any information on the previous Form W-8BEN  incorrect, you must complete a new Form W-8BEN. This should not be construed as tax advice and please consult a professional tax adviser for tax-related questions.

Through Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, Hong Kong and foreign investors can trade certain stocks listed in Shanghai Stock Exchange ("SSE") and Shenzhen Stock Exchange ("SZSE") ("Northbound Trading") such as Constituents of SSE 180 Index and SSE 380 Index, and A shares with corresponding H shares listed on SEHK while Mainland investors can trade certain SEHK securities ("Southbound Trading") such as Constituents of Hang Seng Composite LargeCap Index and Hang Seng Composite MidCap index, and H shares with corresponding A shares listed on SSE

Only Northbound Stock Connect trading is available through FSM Global.

To trade China-A Shares in Shanghai (SH) and Shenzhen (SZ), you need to do the following:

• Acknowledge the Risk Disclosure Statement (RDS) relating to Securities and Risk Warning Statement (RWS) for transacting in Overseas-Listed Products,
• Activate the China A-Shares trading by submitting the BCAN form. Log in to your account > Account Settings > Click on China A-Shares (Activate Trading Service)

The activation of China A-Shares trading will take approximately 1 to 2 business days. For more information on the eligible securities, please refer to this link.

Notes:
1. China B Shares, exchange-traded funds (ETFs), bonds and other securities are not eligible for the China A-Shares trading service.

2. According to the Implementation Measures for Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect of SSE and SZSE respectively with effect from 25 July 2022, Mainland investors will be prohibited from buying or selling China Connect Securities through Northbound Trading under Stock Connect.

Trading of certain shares is subject to transaction tax payable to the relevant tax authorities. For more information, please refer to the stocks prospectus.

Withholding tax is a tax deducted at source from certain types of investment income, such as dividends, before it is paid to you. The tax is collected by the tax authority of the country where the company is incorporated or where the income arises.

On FSM Global, withholding tax may apply to the following:
US Exchanges:
Dividends from US-listed securities are generally subject to a 30% withholding tax (or lower if a tax treaty applies). The tax is deducted before dividends are paid to you.

HKEX / SGX Listings of Overseas Companies:
Some companies listed on the Hong Kong Exchange (HKEX) or Singapore Exchange (SGX), but incorporated outside Hong Kong or Singapore, may also be subject to withholding tax. Details can be found in the company’s prospectus.

China A-Shares (via Stock Connect):
Overseas investors are generally subject to a 10% withholding tax on cash dividends, which is deducted at the time of distribution by the Chinese tax authorities.

China-incorporated Companies Listed in HKEX (e.g., H-shares):
Dividend distributions are generally subject to a 10% withholding tax, deducted before payment.

How it is charged:
The withholding tax is automatically deducted before the dividend or income is credited to your FSM Global account. If excess tax is withheld, adjustments (reclassification) may be done on an annual basis.
Note:
The above information is for general reference only and may change. For specific tax advice, please consult your professional tax adviser.

ADRs (American Depository Receipts) incur custody fees that are charged periodically. Some ADRs may also be subject to additional fees such as dividend distribution fees, ratio change fees, etc., which vary depending on the specific ADR. These fees are imposed by the depositary banks. FSM Global collects the ADR fees on behalf of the depositary banks and deduct them from your Cash Account on or after the ADR payable date.

For detailed information, please refer to your ADR prospectus.