Fundsupermart is the fund-selling platform iFast launched in Singapore back in 2000; since December 2016 it trades under the FSMOne brand as one account for unit trusts, stocks, ETFs and bonds. Its headline pitch has not changed in years: 0% sales charge on funds, permanently. That part is real. What the marketing skips is that a 0% sales charge is not the same as free, because FSMOne charges a recurring platform fee on the funds and bonds you hold, billed quarterly on your assets. This 2026 review separates the genuine bargains, like flat S$8.80 SGX trades and bond access from S$1,000, from the costs that only show up on your statement, and shows who Fundsupermart actually suits.
Fundsupermart launched in 2000 as iFast's direct-to-investor fund shop, built around one simple wedge: cut out the bank's commission and sell unit trusts at a lower or zero sales charge. It worked, and the platform expanded across Singapore, Malaysia, Hong Kong and beyond. In December 2016 iFast folded stocks, ETFs and bonds into the same login and rebranded the whole thing FSMOne. The Fundsupermart name still points there, so people search both.
The operator is iFast Financial Pte Ltd, a subsidiary of SGX-listed iFast Corporation, and it is regulated by the Monetary Authority of Singapore. That regulatory and listed-parent status is the baseline reason it is a legitimate place to hold money, separate from whether its fees beat a pure-play broker. If you are still weighing whether to buy funds at all versus a single ETF or a robo-advisor, start with our guide to starting investing in Singapore before you pick any platform.
The core appeal is breadth on one account: thousands of unit trusts, SGX and overseas-listed stocks and ETFs, individual bonds, managed portfolios, plus a multi-currency cash account. The catch, as always, is in how each of those is priced.
The 0% sales charge headline is true and genuinely useful. Buy a unit trust on Fundsupermart and you pay no upfront entry load, where a bank might still take a few percent. But the money has to come from somewhere, and FSMOne earns it through a recurring platform fee charged on the value of funds and bonds you hold, accrued daily and deducted quarterly (quarters ending the last day of February, May, August and November). Stocks and ETFs are priced per trade instead, with no holding fee.
Here is the steady-state pricing as published on FSMOne's official Singapore pricing pages and confirmed across 2026 reviews (verified June 2026). All fees are quoted before GST at 9%, which applies to Singapore tax residents on commissions and fees.
| What you hold or trade | Cost | Notes |
|---|---|---|
| Unit trust sales charge | 0% | No upfront entry load on any fund |
| Platform fee, equity/other funds (Cash/SRS, up to S$300k) | 0.35% per year | Accrued daily, charged quarterly |
| Platform fee, fixed-income funds | 0.20% per year | Lower band for bond funds |
| Platform fee, CPF investments | 0% | No platform fee on CPF-funded holdings |
| Platform fee, Diamond tier (S$500k+ AUA) | 0% | Waived above the top AUA threshold |
| SGX stocks & ETFs commission | 0.08%, min S$8.80 | Effectively flat S$8.80 on most retail trades |
| US stocks & ETFs commission | 0.08%, min US$3.80 | ETFs may be a flat US$3.80 |
| Hong Kong stocks commission | 0.08%, min HK$50 | Plus exchange and regulatory fees |
| Bonds | Min S$1,000 to invest | Processing ~0.35%, min around S$10 |
On a S$10,000 equity fund held in cash, the 0.35% platform fee is about S$35 a year, recurring, for as long as you hold. That is cheaper than a bank's 2-3% upfront load if you hold for years, but it is not zero, and it compounds against your returns the same way an expense ratio does. The fund's own expense ratio sits on top of the platform fee, so your true annual cost is both added together. Read both lines before assuming a fund is cheap.
FSMOne's platform fee is banded by what you hold and how much, not a single flat rate. The two things that move it are the asset type (equity-type funds cost more than fixed-income funds) and your total assets under advice (AUA), where crossing into the Diamond tier waives the fee entirely. Anything funded through CPF carries a 0% platform fee regardless of size.
For most retail investors below the top tier, the working numbers are 0.35% a year on equity and balanced funds and 0.20% on fixed-income funds, charged on Cash and SRS holdings. The fee is accrued daily and skimmed quarterly, so it does not show up as a single annual bill, which is exactly why people forget it exists. If you are deciding between a fund platform and a plain index ETF, our ETF vs unit trust comparison lays out where the platform-fee drag tips the maths toward an ETF.
The flat S$8.80 SGX commission is the genuinely strong card. Whether you trade S$1,000 or S$1 million of SGX stocks or ETFs, the floor is the same S$8.80 (the headline 0.08% rate only bites above roughly S$11,000 per trade). For someone building an SGX dividend or REIT portfolio in chunks, that predictability beats percentage-only brokers on larger orders. New investors weighing the broader REITs route often pair it with Fundsupermart for exactly this reason.
Bonds are the other standout. Individual bonds usually need S$200,000-plus to access through a private bank; FSMOne lists retail-sized bonds you can buy from around S$1,000, which is unusual for a retail platform and a real reason people open an account. The trade-off is the processing fee and the platform fee on bonds you hold, so size the holding against the annual drag.
On overseas stocks, FSMOne is competitive but not the rock-bottom floor. US stocks run 0.08% with a US$3.80 minimum, and there are no fractional shares, so a single high-priced US share can mean a large minimum outlay. App-first rivals such as moomoo and Tiger Brokers often undercut on US trades and offer fractional shares, which matters if US equities are your main focus.
Fundsupermart accepts CPF Ordinary Account, CPF Special Account and SRS monies for eligible funds, which turns it into a low-friction way to put CPF Investment Scheme money to work without a separate agent bank fee on the platform side. CPF-funded holdings carry a 0% platform fee, so the running cost on CPFIS investing here is just the fund's own expense ratio. If you are new to using CPF to invest, our CPFIS glossary entry explains the rules and the OA/SA split first.
For hands-off investors, FSMOne offers managed and model portfolios that bundle funds into a risk-rated mix, conceptually similar to a robo-advisor but built on the same unit-trust shelf. They carry the platform fee plus the underlying fund costs, so compare the all-in number against a dedicated robo-advisor before assuming the bundle is cheaper. The robo-advisor vs DIY ETF comparison is the cleaner like-for-like test.
Fundsupermart has a track record of pricing moves that rattle the incumbent industry, then get reined in. In 2013 it floated a 50% insurance commission rebate and withdrew it within days under industry pressure. When FSMOne launched in December 2016, its SGX stock trading, then routed through a partner broker, was suspended barely a day in over a business conflict before being restored. The pattern is consistent: aggressive consumer-friendly pricing, short-term friction, eventual settling.
The practical lesson for 2026 is that any unusually generous Fundsupermart promotion (a fee waiver, a cash rebate, a launch offer) can be time-limited or revised, so read the cut-off date and the conditions rather than assuming the deal is permanent. The permanent 0% fund sales charge has held for years; the periodic rebates and bonuses are the ones that change.
Fundsupermart fits the investor who wants funds, bonds and SGX stocks under one roof, values the 0% fund sales charge and S$8.80 flat SGX trades, and is comfortable with a recurring platform fee on funds and bonds. It is especially handy for CPFIS and SRS fund investing, where the platform fee on CPF is zero, and for retail bond access most platforms do not offer.
It is the wrong tool if US stocks are your main game (app-first brokers undercut it and offer fractional shares), if you want the absolute lowest all-in cost on a single passive ETF (a plain ETF held at a cheap broker beats funds plus platform fee), or if you would rather never think about fees again (a robo-advisor automates the lot). Sanity-check where investing fits in your wider plan with our financial health calculator before you move money in.
Yes. Fundsupermart is the original iFast fund platform launched in Singapore in 2000; since December 2016 it operates under the FSMOne brand, which added stocks, ETFs and bonds to the same account. The Fundsupermart name still routes to FSMOne, so the two refer to the same platform run by iFast Financial.
No, only the unit trust sales charge is 0%. FSMOne still charges a recurring platform fee on funds and bonds you hold, around 0.35% a year on equity funds and 0.20% on fixed-income funds (0% on CPF and for Diamond-tier clients), accrued daily and deducted quarterly, plus per-trade commissions on stocks. The fund's own expense ratio sits on top.
There is no minimum to open the account. A unit trust Regular Savings Plan starts from S$50 a month, individual bonds can be bought from around S$1,000, and a stock trade simply needs enough to cover one board lot or one share plus the S$8.80 SGX commission. You fund the account when you place your first order.
FSMOne is operated by iFast Financial Pte Ltd, a subsidiary of SGX-listed iFast Corporation, and is regulated by the Monetary Authority of Singapore with client assets held separately. That protects against the firm failing, but it does not protect against your investments falling in value, and SDIC deposit insurance does not cover brokerage or fund holdings.
This is general financial information for Singapore, not personal financial advice. Figures change — verify current rates against the official sources above before acting. See our full disclaimer.