In most cases, you will let a financial advisor or an agent handle your investments for you. That is mostly due to the fact that you might not be very well versed with the markets or their dynamics and hence you feel that an agent would have better judgment.
Managing your own money
When it comes to money, you would have been advised that it would be best that you manage it yourself. One might argue that you are actually doing so when you direct your agent to put your money in certain funds or investment markets. On the other hand, wouldn’t it be better if you have a direct say and decision on where your funds go? Now you can with the newly launched FSMOne.
Among the firsts in Malaysia
The FSMOne basically is a stocks and exchange-traded fund brokerage service in the country. It is operated by iFast Capital where you get a DIY or Do-It-Yourself platform to manage your own wealth online. You will be able to buy all the different types of investment engines like direct bonds, unit trusts, insurance and managed portfolios, all through the click of your mouse.
In the recent report, it is now possible for you to start investing in stocks and ETFs (exchange-traded futures) that are listed on the Malaysia bourse, Bursa Malaysia.
According to FSMOne, their client base has been growing steadily and they have since reached 100,000 active users in the last year. This platform has been around for some time now and with the addition of ETFs and Stocks, they are expecting to grow further and much faster.
It must be noted that the FSMOne is one of the few Multi-Asset Platform that offers users the avenue to manage their own investments. There is a brokerage fee charged which is 0.05% or RM8.80 whichever is lower. There will be new additions in the coming months as iFAST Capital is planning to expand its offerings to include other countries. This includes the markets in Hong Kong and the USA in the near future which will then surely offer more exciting options for Malaysian investors.