SINGAPORE (June 23): iFast Financial, a subsidiary of iFast Corp, today launched its stock-dealing services on SGX stocks and ETFs on FSMOne.

Investors can now trade in SGX stocks and ETFs at fees of 0.12% and 0.08% respectively, subject to a minimum of S$10 per trade.

The introduction of SGX-listed stocks and ETFs will add on to other services in the FSMOne which includes over 1,100 funds, over 500 bonds, MAPS robo-advisory portfolios, HKEX-listed stocks and ETFs, and insurance products, says iFAST.

Lim Chung Chun, CEO of iFAST Corp, says, “With the launch of SGX-listed stocks and ETFs on FSMOne, we are leading the commission rates for stocks and ETFs down. We are able to disrupt the traditional distribution model because of our unique business model that derives substantial recurring revenue from our AUA in funds and bonds, and aligns our interest with that of clients. The investor community can look forward to FSMOne making the cost of investing more competitive.”

Shares in iFast last traded at S$1.095.