Opening brokerage and cash account in Singapore for foreigners

Opening brokerage and cash account in Singapore for foreigners 


I started to evaluate where i could open a second broker account to deposit money.
Reason is not to have all savings in one country, call me paranoid or whatever ;)
And Singapore was perfect for me strong economy, high legal saftey and big banking sector.

We where in Singapore for vacation and i checked if i could open a bank account but its not possible anymore for non residents.
After i was back home i searched for possibilities and i found one vendor which offer a broker account including multi currency cash account.

https://secure.fundsupermart.com/fsm/account-opening/main

 After sending a copy of my passport and a actual invoice from my energy provider i received the activation code via mail.
On the webpage is written the account for foreigners is opend in Hongkong or India but i dont see any difference or note that it is like this.

I can trade now shares in Singapore Dollar on the SGX or in US Dollar on the NYSE for example.
Trading costs are low 10 Singapore Dollar per trade sometimes they promote ETFS or Funds without trading fees.

Available currencys in Cash Account can be converted balances using real-time fsm rates.

-JPY
-CHF
-SGD
-Euro
-HKD
-CNH
-USD
-NZD
-AUD
-GBP

Deposit money in Singapore Dollar for example very cheap via Transferwise its visible on the account within minutes.

Withdrawal is possible via cheque or wired transfere in USD or SGD.

The Amount is not visible in my portfolio sheet but will be updated soon.
For Questions how the process is working feel free to ask,

Please note there are some restictions for example for US Citizens.
https://secure.fundsupermart.com/fsm/account-opening/non-residents

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